Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Montgomery Economic Development Corporation
990EZ • Fiscal year 2018 • EIN 20-0734800
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.62x
Liabilities / Revenue
86th percentile
Higher debt load relative to revenue than 86% of similar nonprofits.
Net Margin
36th percentile
Higher net margin than 36% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
92nd percentile
Faster asset growth than 92% of similar nonprofits.
Revenue Growth
66th percentile
Faster revenue growth than 66% of similar nonprofits.
Balance Sheet
Assets
Up$48,879
Up $18,166 (+59%) from 2017
Net Assets
Down$18,779
Down $3,273 (-15%) from 2017
Liabilities
Up$30,100
Up $21,439 (+248%) from 2017
Revenue And Expenses
Revenue
Up$133,382
Up $9,997 (+8.1%) from 2017
Expenses
Down$136,654
Down $4,298 (-3.0%) from 2017
Net Income
Up-$3,272
Up $14,295 (+81%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- Nov 4, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $143,169
Mission and Program Overview
Mission
To promote economic development, expansion and diversification within the village of montgomery
Program Services
| Description | Grants | Expenses |
|---|---|---|
| NONE | - | - |
| TO PROMOTE ECONOMIC DEVELOPMENT,EXPANSION AND DIVERSIFICATION WITHIN THE VILLAGE OF MONTGOMERY | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| SCOTT VICKERS | Medc Vice Pr | - | $0 | - | - |
| JASON HANSON | Medc Secreta | - | $0 | - | - |
| CHARLENE COULOMBE-FIORE | Executive Di | - | $0 | - | - |
| DOUG MARECEK | Chairman | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Montgomery Economic Development
- EIN
- 20-0734800
- Address
- 200 WEBSTER STREET, MONTGOMERY, IL 60538
Signing Officer
- Name
- Charlene Coulombe-fiore
- Title
- Executive Director
- Phone
- 6308976748
- Signed
- 2019-11-04
- 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 16
“Expenses marketing 565 marketing - other 485 marketing-montgomery 784 usps 54 bank fees 140 copier service contract 296 capital outlay 502 executive member plaque 79 community relations 28 supplies and materials 121 sams 42 dues 100 credit card fees 120 1,199 insurance - liability 1,783 non-investment depreciation 764 total 7,062”
Form 990-ez, Part II, Line 24
“Prepaid expenses and deferred charges 0 665 fixed assets 34,906 37,655 less accumulated depreciation 34,906 35,670 insurance holding acct 0 0 total 0 2,650”
Form 990-ez, Part II, Line 26
“Prepaid membership dues 7,500 30,000 health insurance 1,061 0 payroll tax liability 100 100”
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 Appendix139 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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | CHARLENE COULOMBE-FIORE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6308976748 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 200 WEBSTER STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MONTGOMERY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60538 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 30712 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 46229 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 122625 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -3272 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 6201 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 30712 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 48879 |
| IRS990EZ/GamingGrossIncomeAmt | 0 | 20544 |
| IRS990EZ/GrossReceiptsAmt | 0 | 143169 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 22051 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 18779 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 22051 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 18779 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 21951 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | SCOTT VICKERS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JASON HANSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | CHARLENE COULOMBE-FIORE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DOUG MARECEK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | MEDC VICE PR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | MEDC SECRETA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | EXECUTIVE DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | CHAIRMAN |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 2650 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 7062 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION WITHIN THE VILLAGE OF MONTGOMERY |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 183 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | NONE |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | TO PROMOTE ECONOMIC DEVELOPMENT,EXPANSION AND DIVERSIFICATION WITHIN THE VILLAGE OF MONTGOMERY |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 101257 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 9787 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 10757 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | IL |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 8661 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 30100 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 136654 |
| IRS990EZ/TotalRevenueAmt | 0 | 133382 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.MONTGOMERY-ILLINOIS.ORG |
| IRS990ScheduleG/CharitableDistributionRqrInd | 0 | false |
| IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd | 0 | false |
| IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt | 0 | 9787 |
| IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt | 0 | 20544 |
| IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt | 0 | 20544 |
| IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt | 0 | 10757 |
| IRS990ScheduleG/GamingInformationGrp/RentFcltyCostsOtherGamingAmt | 0 | 9787 |
| IRS990ScheduleG/GamingInformationGrp/RentFcltyCostsTotalGamingAmt | 0 | 9787 |
| IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd | 0 | false |
| IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd | 0 | false |
| IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd | 0 | false |
| IRS990ScheduleG/GamingWithNonmembersInd | 0 | false |
| IRS990ScheduleG/IndividualWithBooksNm | 0 | CHARLENE COULOMBE-FIORE |
| IRS990ScheduleG/LicensedInd | 0 | true |
| IRS990ScheduleG/LicenseSuspendedEtcInd | 0 | false |
| IRS990ScheduleG/MemberOfOtherEntityInd | 0 | false |
| IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt | 0 | 200 WEBSTER STREET |
| IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm | 0 | MONTGOMERY |
| IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd | 0 | IL |
| IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd | 0 | 60538 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES MARKETING 565 MARKETING - OTHER 485 MARKETING-MONTGOMERY 784 USPS 54 BANK FEES 140 COPIER SERVICE CONTRACT 296 CAPITAL OUTLAY 502 EXECUTIVE MEMBER PLAQUE 79 COMMUNITY RELATIONS 28 SUPPLIES AND MATERIALS 121 SAMS 42 DUES 100 CREDIT CARD FEES 120 1,199 INSURANCE - LIABILITY 1,783 NON-INVESTMENT DEPRECIATION 764 TOTAL 7,062 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PREPAID EXPENSES AND DEFERRED CHARGES 0 665 FIXED ASSETS 34,906 37,655 LESS ACCUMULATED DEPRECIATION 34,906 35,670 INSURANCE HOLDING ACCT 0 0 TOTAL 0 2,650 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PREPAID MEMBERSHIP DUES 7,500 30,000 HEALTH INSURANCE 1,061 0 PAYROLL TAX LIABILITY 100 100 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TO PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION WITHIN THE VILLAGE OF MONTGOMERY |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | TO PROMOTE ECONOMIC DEVELOPMENT,EXPANSION AND DIVERSIFICATION WITHIN THE VILLAGE OF MONTGOMERY |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2020-04-17 16:48:07Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHARLENE COULOMBE-FIORE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6308976748 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-11-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MONTGOMERY ECONOMIC DEVELOPMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MONT |
| ReturnHeader/Filer/EIN | 0 | 200734800 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 200 WEBSTER STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MONTGOMERY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 60538 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | BDC4816EE7BB759DE7C186D69AF44427024C671C |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | AC870E62DCB7184D8FF8945918D396C4899B381A |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 216.152.57.216 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-11-11 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 06:35:52 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 363739705 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | JOHNSON HARKNESS & PARK INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1480 SEQUOIA DR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | AURORA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 605061081 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6309071040 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2019-11-04 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | EDWARD S PADOVICH |
| ReturnHeader/ReturnTs | 0 | 2019-11-11T06:35:52-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $48,879
- Liabilities
- $30,100
- Net assets
- $18,779
- Revenue
- $133,382
- Expenses
- $136,654
- Net income
- -$3,272