Effingham Regional Growth Alliance
- Assets
- $524.8k
- Revenue
- $472.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Effingham, IL
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-3371116
Organization Overview
Effingham Regional Growth Alliance is located in Effingham, IL. The organization was established in 2014. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Effingham Regional Growth Alliance is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Effingham Regional Growth Alliance generated $472.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $359.9k during the year ending 12/2022. While expenses have increased by 13.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EXPERTISE AND RESOURCES FOCUSED ON THE PURPOSE OF ENCOURAGING ECONOMIC GROWTH AND DEVELOPMENT OF BUSINESS, INDUSTRIAL AND OTHER SUPPORTING SERVICES TO IMPROVE THE QUALITY OF LIVING IN THE EFFINGHAM COUNTY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTED $240,750 FROM MEMBERS FOR FUTURE DEVELOPMENT EFFORTS.
THE ORGANIZATION OBTAINED THE SMALL BUSINESS COMMUNITY NAVIGATORS PROGRAM GRANT THROUGH THE DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY. THIS GRANT'S PURPOSE IS TO PROVIDE TECHNICAL ASSISTANCE TO DIVERSE, UNDERSERVED AND MINORITY-OWNED SMALL BUSINESSES. THE ORGANIZATION PASSED THESE FUNDS ON TO OTHER COMMUNITY ORGANIZATIONS TO PROVIDE ASSISTANCE TO THE COMMUNITIES SERVED BY THOSE ORGANIZATIONS. FIVE ORGANIZATIONS RECEIVED FUNDS TOTALLING $71,696.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Wagner Director | Trustee | 1 | $0 |
Todd Hull Director | Trustee | 0.5 | $0 |
Mark Mayhood Director | Trustee | 0.5 | $0 |
Mel Stock Chairman | OfficerTrustee | 1 | $0 |
David Doedtman Director | Trustee | 0.5 | $0 |
Dean Kremer Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $215,547 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,047 |
| Total Program Service Revenue | $240,750 |
| Investment income | $2,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,846 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,994 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,475 |
| Fees for services: Management | $29,930 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,143 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,848 |
| Advertising and promotion | $44,349 |
| Office expenses | $6,940 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,281 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,521 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,542 |
| All other expenses | $0 |
| Total functional expenses | $359,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $524,806 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $524,806 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $524,806 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $524,806 |
Grants Awarded
Over the last fiscal year, Effingham Regional Growth Alliance has awarded $67,576 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COLES TOGETHER PURPOSE: ECONOMIC DEVELOPMENT | $25,949 |
CRAWFORD COUNTY DEVELOPMENT ASSOC PURPOSE: ECONOMIC DEVELOPMENT | $18,073 |
PARIS DEVELOPMENT CORPORATION PURPOSE: ECONOMIC DEVELOPMENT | $9,266 |
SULLIVAN CHAMBER & ECONOMIC DEVELOPMENT PURPOSE: ECONOMIC DEVELOPMENT | $14,288 |