Lincoln Economic Advancement & Development Inc
- Assets
- $410.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, IL
- Founding
- Data as of
- 12/2021
- EIN
- 84-3635858
Organization Overview
Lincoln Economic Advancement & Development Inc is located in Lincoln, IL. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Economic Advancement & Development Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lincoln Economic Advancement & Development Inc generated $150.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $88.0k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
THE RELIEF OF THE POOR AND DISTRESSED OR UNDERPRIVILEGED; AND, LESSENING THE BURDENS OF GOVERNMENT;AND, THE PROMOTION OF SOCIAL WELFARE AND COMBATTING COMMUNITY DETERIORATION IN LINCOLN, ILLINOIS AND LOGAN COUNTY, ILLINOIS BY ECONOMIC DEVELOPMENT PROGRAMS GEARED TOWARD MAINTAINING AND ATTRACTING EMPLOYMENT OPPORTUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Runge CEO | 40 | $63,750 | |
Steve Aughenbaugh Treasurer | 1 | $0 | |
Chris Graue Trustee | 1 | $0 | |
David Gerlach President | 1 | $0 | |
Patrick Doolin Trustee | 1 | $0 | |
Dolan Dalpoas Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,485 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $150,485 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $77,609 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,386 |
| Total expenses | $87,995 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $202,640 |
| Other assets | $0 |
| Total assets | $410,382 |
| Total liabilities | $219,963 |
| Net assets or fund balances | $190,419 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lincoln Economic Advancement & Development Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Woods Foundation Lincoln, IL PURPOSE: UNRESTRICTED. | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Applied Research Institute Bloomington, IN | $3,329,526 | $9,074,163 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |
The Center For Kentucky Rural Economic Development Inc Somerset, KY | $52,726,644 | $7,680,890 |
Elevate Ventures Inc Indianapolis, IN | $13,635,821 | $6,541,390 |
Kentucky Highlands Investment Corporation London, KY | $130,461,604 | $9,285,837 |
Chicago Neighborhood Initiatives Inc Chicago, IL | $28,044,875 | $6,086,031 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |