Civic Intelligence

Montgomery Economic Development Corporation

990EZ • Fiscal year 2020 • EIN 20-0734800

Jan 01, 2020 to Dec 31, 2020 • Filed on May 31, 2021

Organization ProfileWWW.MONTGOMERY-ILLINOIS.ORG
200 Webster StreetMontgomery, IL 60538

(630) 897-6748

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.44x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

80th percentile

0.22x

Higher debt load relative to revenue than 80% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

47th percentile

1.4%

Higher net margin than 47% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

95th percentile

$95,097

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 68.6% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

84th percentile

38%

Faster asset growth than 84% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

1.9%

Faster revenue growth than 79% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$68,001

Up $18,803 (+38%) from 2019

Net Assets

Up

$37,901

Up $18,803 (+98%) from 2019

Liabilities

Flat

$30,100

Flat from 2019

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin47th percentile

Revenue

Up

$138,535

Up $2,620 (+1.9%) from 2019

Expenses

Up

$136,632

Up $1,033 (+0.8%) from 2019

Net Income

Up

$1,903

Up $1,587 (+502%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2020

Assets$68,001
Liabilities$30,100
Net Assets$37,901
Open 2020 Filing

Operations Trend

Revenue Growth79th percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$138,535
Expenses$136,632
Net Income$1,903
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 31, 2021
Return Version
2020v4.0
Gross Receipts
$147,952
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 Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHARLENE COULOMBEExecutive DiFT$95,097-$95,097
SCOTT VICKERSMedc Secreta-$0--
JASON HANSONMedc Vice Pr-$0--
DOUG MARECEKChairman-$0--
JONATHAN P SHEDDENTreasurer-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$18,498$18,498-$18,498
Total Events$18,498$18,498$9,417$9,081
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
2021-05-31
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 4,054 total 4,054”

Form 990-ez, Part I, Line 16

“Expenses advertising 985 marketing montgomery 440 marketing other 210 usps 20 bank fees 291 copier service contract 650 capital outlay 534 leaderhip conference 1,340 education 356 supplies and materials 250 temp service 1,242 insurance -liability 1,286 insurance-workers comp. 812 insurance-employee 574 non-investment depreciation 916 total 9,906”

Form 990-ez, Part I, Line 20

“Ppp loan forgiveness 16,900”

Form 990-ez, Part II, Line 24

“Fixed assets 37,655 37,804 less accumulated depreciation 36,587 37,502 insurance holding acct 0 0 total 1,068 302”

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 Appendix138 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0SCOTT VICKERS
CompensationExplanation/CompensationExplanationGrp/PersonNm1JASON HANSON
CompensationExplanation/CompensationExplanationGrp/PersonNm2CHARLENE COULOMBE
CompensationExplanation/CompensationExplanationGrp/PersonNm3DOUG MARECEK
CompensationExplanation/CompensationExplanationGrp/PersonNm4JONATHAN P SHEDDEN
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/BOYAmt048130
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt067699
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0125400
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt01903
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04202
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt049198
IRS990EZ/Form990TotalAssetsGrp/EOYAmt068001
IRS990EZ/FundraisingGrossIncomeAmt018498
IRS990EZ/GrossReceiptsAmt0147952
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt019098
IRS990EZ/NetAssetsOrFundBalancesEOYAmt037901
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt019098
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt037901
IRS990EZ/OccupancyRentUtltsAndMaintAmt021103
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt240.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt295097
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SCOTT VICKERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JASON HANSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CHARLENE COULOMBE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DOUG MARECEK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JONATHAN P SHEDDEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0MEDC SECRETA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1MEDC VICE PR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01068
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0302
IRS990EZ/OtherChangesInNetAssetsAmt016900
IRS990EZ/OtherExpensesTotalAmt09906
IRS990EZ/OtherRevenueTotalAmt04054
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/SalariesOtherCompEmplBnftAmt0101421
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt09417
IRS990EZ/SpecialEventsNetIncomeLossAmt09081
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt030100
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt030100
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0136632
IRS990EZ/TotalRevenueAmt0138535
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.MONTGOMERY-ILLINOIS.ORG
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09417
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018498
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt018498
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018498
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt018498
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt09081
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt09417
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt09417
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER INCOME 4,054 TOTAL 4,054
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 985 MARKETING MONTGOMERY 440 MARKETING OTHER 210 USPS 20 BANK FEES 291 COPIER SERVICE CONTRACT 650 CAPITAL OUTLAY 534 LEADERHIP CONFERENCE 1,340 EDUCATION 356 SUPPLIES AND MATERIALS 250 TEMP SERVICE 1,242 INSURANCE -LIABILITY 1,286 INSURANCE-WORKERS COMP. 812 INSURANCE-EMPLOYEE 574 NON-INVESTMENT DEPRECIATION 916 TOTAL 9,906
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PPP LOAN FORGIVENESS 16,900
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FIXED ASSETS 37,655 37,804 LESS ACCUMULATED DEPRECIATION 36,587 37,502 INSURANCE HOLDING ACCT 0 0 TOTAL 1,068 302
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PREPAID MEMBERSHIP DUES 30,000 30,000 HEALTH INSURANCE 0 0 PAYROLL TAX LIABILITY 100 100
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLENE COULOMBE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06308976748
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-31
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/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/PreparationDt02021-07-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD S PADOVICH
ReturnHeader/ReturnTs02021-07-26T06:44:23-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHARLENE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COULOMBE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$68,001
Liabilities
$30,100
Net assets
$37,901
Revenue
$138,535
Expenses
$136,632
Net income
$1,903
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
2020Detailed filing. Detailed filing data is available for this year.$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