Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Montgomery Economic Development Corporation
990EZ • Fiscal year 2019 • EIN 20-0734800
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.61x
Liabilities / Revenue
86th percentile
Higher debt load relative to revenue than 86% of similar nonprofits.
Net Margin
43rd percentile
Higher net margin than 43% of similar nonprofits.
Top Officer Pay
99th percentile
Higher top officer pay than 99% of similar nonprofits.
Top officer pay equals 69.2% of source-year revenue.
Asset Growth
45th percentile
Faster asset growth than 45% of similar nonprofits.
Revenue Growth
52nd percentile
Faster revenue growth than 52% of similar nonprofits.
Balance Sheet
Assets
Up$49,198
Up $319 (+0.7%) from 2018
Net Assets
Up$19,098
Up $319 (+1.7%) from 2018
Liabilities
Flat$30,100
Flat from 2018
Revenue And Expenses
Revenue
Up$135,915
Up $2,533 (+1.9%) from 2018
Expenses
Down$135,599
Down $1,055 (-0.8%) from 2018
Net Income
Up$316
Up $3,588 (+110%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Jul 15, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $144,182
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 |
|---|---|---|---|---|---|
| CHARLENE COULOMBE | Executive Di | - | $94,000 | - | $94,000 |
| SCOTT VICKERS | Medc Secreta | - | $0 | - | - |
| JASON HANSON | Medc Vice Pr | - | $0 | - | - |
| DOUG MARECEK | Chairman | - | $0 | - | - |
| JONATHAN P SHEDDEN | Treasurer | - | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Golf Outing | $21,632 | $21,632 | - | $21,632 |
| Total Events | $21,632 | $21,632 | $8,267 | $13,365 |
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
- Title
- Executive Director
- Phone
- 6308976748
- Signed
- 2020-07-15
- 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 advertising 217 marketing montgomery 39 marketing other 165 usps 10 bank fees 189 copier service contract 446 capital outlay 954 executive member plaque 42 education 1,364 supplies and materials 221 temp service 813 membership dues 435 insurance -liability 1,277 insurance-workers comp. 512 non-investment depreciation 916 total 7,600”
Form 990-ez, Part II, Line 24
“Prepaid expenses and deferred charges 665 0 fixed assets 37,655 37,655 less accumulated depreciation 35,670 36,587 insurance holding acct 0 0 total 2,650 1,068”
Form 990-ez, Part II, Line 26
“Prepaid membership dues 30,000 30,000 health insurance 0 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 Appendix133 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 | 46232 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 48130 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 122550 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 316 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 6638 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 48882 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 49198 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 21632 |
| IRS990EZ/GrossReceiptsAmt | 0 | 144182 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 18782 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 19098 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 18782 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 19098 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 21009 |
| 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/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 94000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | SCOTT VICKERS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JASON HANSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | CHARLENE COULOMBE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DOUG MARECEK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JONATHAN P SHEDDEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | MEDC SECRETA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | MEDC VICE PR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | EXECUTIVE DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 2650 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 1068 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 7600 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION WITHIN THE VILLAGE OF MONTGOMERY |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 16 |
| 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 | 100336 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 8267 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 13365 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | IL |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 30100 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 30100 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 135599 |
| IRS990EZ/TotalRevenueAmt | 0 | 135915 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.MONTGOMERY-ILLINOIS.ORG |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 8267 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | GOLF OUTING |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 21632 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 21632 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 21632 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 21632 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 13365 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt | 0 | 8267 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt | 0 | 8267 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING 217 MARKETING MONTGOMERY 39 MARKETING OTHER 165 USPS 10 BANK FEES 189 COPIER SERVICE CONTRACT 446 CAPITAL OUTLAY 954 EXECUTIVE MEMBER PLAQUE 42 EDUCATION 1,364 SUPPLIES AND MATERIALS 221 TEMP SERVICE 813 MEMBERSHIP DUES 435 INSURANCE -LIABILITY 1,277 INSURANCE-WORKERS COMP. 512 NON-INVESTMENT DEPRECIATION 916 TOTAL 7,600 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PREPAID EXPENSES AND DEFERRED CHARGES 665 0 FIXED ASSETS 37,655 37,655 LESS ACCUMULATED DEPRECIATION 35,670 36,587 INSURANCE HOLDING ACCT 0 0 TOTAL 2,650 1,068 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PREPAID MEMBERSHIP DUES 30,000 30,000 HEALTH INSURANCE 0 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 | 2020-11-19 02:30:22Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHARLENE COULOMBE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6308976748 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-07-15 |
| 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 | 97AC6D75C8E94CB483EFBF9819A0FA6B33A0C35F |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | AC870E62DCB7184D8FF8945918D396C4899B381A |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 216.152.57.203 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-08-24 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 06:19:25 |
| 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 | 2020-08-20 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | EDWARD S PADOVICH |
| ReturnHeader/ReturnTs | 0 | 2020-08-24T06:19:25-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $49,198
- Liabilities
- $30,100
- Net assets
- $19,098
- Revenue
- $135,915
- Expenses
- $135,599
- Net income
- $316