Economic Development Corporation Of North Central Illinois
- Assets
- $193.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Oglesby, IL
- Founding
- 05/2016
- Data as of
- 05/2022
- EIN
- 81-1082815
Organization Overview
Economic Development Corporation Of North Central Illinois is located in Oglesby, IL. The organization was established in 2016. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 05/2022, Economic Development Corporation Of North Central Illinois employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Development Corporation Of North Central Illinois 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 05/2022, Economic Development Corporation Of North Central Illinois generated $149.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $165.9k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO CREATE SHARED PROSPERITY AND ECONOMIC OPPORTUNITY IN THE REGION BY AGGRESSIVELY MARKETING LOCATIONAL ADVANTAGES FOR BUSINESS INVESTMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Czubachowski CEO | 40 | $74,865 | |
J David Conterio Secretary | 5 | $0 | |
Steve Aubry Chairman | 5 | $0 | |
Tom Ganiere Treasurer | 5 | $0 | |
Kevin Coleman Vice Chairman | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,680 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $235 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $149,915 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $127,982 |
| Professional fees and other payments to independent contractors | $4,467 |
| Occupancy, rent, utilities, and maintenance | $4,641 |
| Printing, publications, postage, and shipping | $124 |
| Other expenses | $28,701 |
| Total expenses | $165,915 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $193,074 |
| Other assets | $0 |
| Total assets | $193,074 |
| Total liabilities | $9,006 |
| Net assets or fund balances | $184,068 |
Peer Organizations
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|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |