Civic Intelligence

Montgomery Economic Development

EIN 20-0734800 • 501(c)6 • Montgomery, IL

Profile

To promote economic development, expansion and diversification within the village of montgomery

200 Webster StreetMontgomery, IL 60538

www.montgomery-illinois.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.30x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

81st percentile

0.15x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

62nd percentile

6.4%

Higher net margin than 62% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

66th percentile

7.3%

Faster asset growth than 66% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

5.1%

Faster revenue growth than 57% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$84,345

Up $5,721 (+7.3%) from 2021

Liabilities

Down

$25,142

Down $4,931 (-16%) from 2021

Net Assets

Up

$59,203

Up $10,652 (+22%) from 2021

Operations
Liabilities / Revenue81st percentileNet Margin62nd percentile

Revenue

Up

$169,226

Up $8,186 (+5.1%) from 2021

Expenses

Up

$158,312

Up $7,800 (+5.2%) from 2021

Net Income

Up

$10,914

Up $386 (+3.7%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth66th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2011: $9,167Liabilities 2011: $02011Assets 2012: $4,153Liabilities 2012: $1,166Net Assets 2012: $2,9872012Assets 2013: $52,368Liabilities 2013: $31,789Net Assets 2013: $20,5792013Assets 2014: $55,060Liabilities 2014: $31,7432014Assets 2015: $56,094Liabilities 2015: $30,250Net Assets 2015: $25,8442015Assets 2016: $39,619Liabilities 2016: $02016Assets 2017: $30,713Liabilities 2017: $8,661Net Assets 2017: $22,0522017Assets 2018: $48,879Liabilities 2018: $30,100Net Assets 2018: $18,7792018Assets 2019: $49,198Liabilities 2019: $30,100Net Assets 2019: $19,0982019Assets 2020: $68,001Liabilities 2020: $30,100Net Assets 2020: $37,9012020Assets 2021: $78,624Liabilities 2021: $30,073Net Assets 2021: $48,5512021Assets 2022: $84,345Liabilities 2022: $25,142Net Assets 2022: $59,2032022

Highlighted filing

2022

Assets$84,345
Liabilities$25,142
Net Assets$59,203
Open 2022 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2011: $103,724Expenses 2011: $110,059Net Income 2011: -$6,3352011Revenue 2012: $102,506Expenses 2012: $108,686Net Income 2012: -$6,1802012Revenue 2013: $137,482Expenses 2013: $119,890Net Income 2013: $17,5922013Revenue 2014: $145,459Expenses 2014: $142,596Net Income 2014: $2,8632014Revenue 2015: $142,318Expenses 2015: $139,792Net Income 2015: $2,5262015Revenue 2016: $125,749Expenses 2016: $141,111Net Income 2016: -$15,3622016Revenue 2017: $123,385Expenses 2017: $140,952Net Income 2017: -$17,5672017Revenue 2018: $133,382Expenses 2018: $136,654Net Income 2018: -$3,2722018Revenue 2019: $135,915Expenses 2019: $135,599Net Income 2019: $3162019Revenue 2020: $138,535Expenses 2020: $136,632Net Income 2020: $1,9032020Revenue 2021: $161,040Expenses 2021: $150,512Net Income 2021: $10,5282021Revenue 2022: $169,226Expenses 2022: $158,312Net Income 2022: $10,9142022

Highlighted filing

2022

Revenue$169,226
Expenses$158,312
Net Income$10,914
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$84,345
Liabilities
$25,142
Net assets
$59,203
Revenue
$169,226
Expenses
$158,312
Net income
$10,914
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.84$0.25$0.59$1.69$1.58$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.30$0.49$1.61$1.51$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.30$0.38$1.39$1.37$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.30$0.19$1.36$1.36$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.30$0.19$1.33$1.37$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.09$0.22$1.23$1.41$0.18
2016Summary only. Only limited summary data is available for this year.$0.40$0.00$1.26$1.41$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.30$0.26$1.42$1.40$0.03
2014Summary only. Only limited summary data is available for this year.$0.55$0.32$1.45$1.43$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.52$0.32$0.21$1.37$1.20$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.01$0.03$1.03$1.09$0.06
2011Summary only. Only limited summary data is available for this year.$0.09$0.00$1.04$1.10$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$169,226
Mission and Program Overview

Mission

To promote economic development, expansion and diversification within the village of montgomery

Program Services

DescriptionGrantsExpenses
NONE--
TO PROMOTE ECONOMIC DEVELOPMENT,EXPANSION AND DIVERSIFICATION WITHIN THE VILLAGE OF MONTGOMERY--
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JASON HANSONMedc Vice Pr-$0--
CHARLENE COULOMBEExecutive Di-$0--
DOUG MARECEKChairman-$0--
JONATHAN P SHEDDENTreasurer-$0--
GEORGE HOPMANSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Montgomery Economic Development
EIN
20-0734800
Address
200 WEBSTER STREET, MONTGOMERY, IL 60538

Signing Officer

Name
Jonathan P Shedden
Title
Treasurer
Phone
6308976748
Signed
2023-10-31
Discuss with paid preparer
Yes

Preparer

Firm
Johnson Harkness & Park Inc
Address
1480 SEQUOIA DR, AURORA, IL 60506-1081
Preparer
Edward S Padovich
Phone
6309071040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

“Other income 36,980 total 36,980”

Form 990-ez, Part I, Line 16

“Expenses advertising 16,771 marketing montgomery 1,194 marketing other 104 bank fees 94 copier service contract 699 education 542 supplies and materials 267 software 217 purchased services - other 550 insurance -liability 1,230 insurance-workers comp. 1,030 non-investment depreciation 31 total 22,729”

Form 990-ez, Part I, Line 20

“Book / tax depreciation difference -272”

Form 990-ez, Part II, Line 24

“Fixed assets 38,639 40,356 less accumulated depreciation 38,368 38,520 total 271 1,836”

Form 990-ez, Part II, Line 26

“Prepaid membership dues 30,000 26,150 health insurance 959 -22 payroll tax liability 100 0 depreciation adjustment -986 -986”

Form 990-ez, Part III

“To promote economic development, expansion and diversification within the village of montgomery”

Form 990-ez, Part III, Line 31

“To promote economic development,expansion and diversification within the village of montgomery”

Raw XML Appendix123 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0CHARLENE COULOMBE-FIORE
IRS990EZ/BooksInCareOfDetail/PhoneNum06308976748
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 WEBSTER STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MONTGOMERY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd060538
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt078363
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt082509
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0132200
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt010914
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05004
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt078634
IRS990EZ/Form990TotalAssetsGrp/EOYAmt084345
IRS990EZ/GrossReceiptsAmt0169226
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt046
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt048561
IRS990EZ/NetAssetsOrFundBalancesEOYAmt059203
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt048561
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt059203
IRS990EZ/OccupancyRentUtltsAndMaintAmt021950
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt04.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt34.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JASON HANSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHARLENE COULOMBE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DOUG MARECEK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JONATHAN P SHEDDEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4GEORGE HOPMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0MEDC VICE PR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0271
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01836
IRS990EZ/OtherChangesInNetAssetsAmt0-272
IRS990EZ/OtherExpensesTotalAmt022729
IRS990EZ/OtherRevenueTotalAmt036980
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION WITHIN THE VILLAGE OF MONTGOMERY
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0NONE
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1TO PROMOTE ECONOMIC DEVELOPMENT,EXPANSION AND DIVERSIFICATION WITHIN THE VILLAGE OF MONTGOMERY
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0108629
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt030073
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt025142
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0158312
IRS990EZ/TotalRevenueAmt0169226
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.MONTGOMERY-ILLINOIS.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER INCOME 36,980 TOTAL 36,980
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 16,771 MARKETING MONTGOMERY 1,194 MARKETING OTHER 104 BANK FEES 94 COPIER SERVICE CONTRACT 699 EDUCATION 542 SUPPLIES AND MATERIALS 267 SOFTWARE 217 PURCHASED SERVICES - OTHER 550 INSURANCE -LIABILITY 1,230 INSURANCE-WORKERS COMP. 1,030 NON-INVESTMENT DEPRECIATION 31 TOTAL 22,729
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOOK / TAX DEPRECIATION DIFFERENCE -272
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FIXED ASSETS 38,639 40,356 LESS ACCUMULATED DEPRECIATION 38,368 38,520 TOTAL 271 1,836
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PREPAID MEMBERSHIP DUES 30,000 26,150 HEALTH INSURANCE 959 -22 PAYROLL TAX LIABILITY 100 0 DEPRECIATION ADJUSTMENT -986 -986
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TO PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION WITHIN THE VILLAGE OF MONTGOMERY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TO PROMOTE ECONOMIC DEVELOPMENT,EXPANSION AND DIVERSIFICATION WITHIN THE VILLAGE OF MONTGOMERY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JONATHAN P SHEDDEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06308976748
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MONTGOMERY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MONT
ReturnHeader/Filer/EIN0200734800
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 WEBSTER STREET
ReturnHeader/Filer/USAddress/CityNm0MONTGOMERY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060538
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363739705
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHNSON HARKNESS & PARK INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01480 SEQUOIA DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AURORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0605061081
ReturnHeader/PreparerPersonGrp/PhoneNum06309071040
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD S PADOVICH
ReturnHeader/ReturnTs02023-11-01T16:34:36-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JONATHAN P
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHEDDON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)6 • <$500k nonprofits