Civic Intelligence

Montgomery Economic Development Corporation

990EZ • Fiscal year 2021 • EIN 20-0734800

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 09, 2015

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

88th percentile

0.38x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.19x

Higher debt load relative to revenue than 78% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

47th percentile

6.5%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

64th percentile

16%

Faster asset growth than 64% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

16%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$78,624

Up $10,623 (+16%) from 2020

Net Assets

Up

$48,551

Up $10,650 (+28%) from 2020

Liabilities

Down

$30,073

Down $27 (-0.1%) from 2020

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin47th percentile

Revenue

Up

$161,040

Up $22,505 (+16%) from 2020

Expenses

Up

$150,512

Up $13,880 (+10%) from 2020

Net Income

Up

$10,528

Up $8,625 (+453%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth64th 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

2021

Assets$78,624
Liabilities$30,073
Net Assets$48,551
Open 2021 Filing

Operations Trend

Revenue Growth63rd 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

2021

Revenue$161,040
Expenses$150,512
Net Income$10,528
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 9, 2015
Return Version
2021v4.0
Gross Receipts
$161,040
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 Pay72nd 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
Charlene Coulombe
Title
Executive Director
Phone
6308976748
Signed
2015-06-09
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 28,407 total 28,407”

Form 990-ez, Part I, Line 16

“Expenses advertising 12,869 marketing montgomery 1,644 marketing other 120 usps 11 bank fees 681 copier service contract 968 supplies and materials 830 education-training 475 business meals 90 constant contact 336 insurance -liability 1,292 insurance-workers comp. 510 non-investment depreciation 987 total 20,813”

Form 990-ez, Part I, Line 20

“Book / tax depreciation difference 122”

Form 990-ez, Part II, Line 24

“Fixed assets 37,804 38,639 less accumulated depreciation 37,502 38,368 total 302 271”

Form 990-ez, Part II, Line 26

“Prepaid membership dues 30,000 30,000 health insurance 0 959 payroll tax liability 100 100 depreciation adjustment 0 -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 Appendix122 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/BOYAmt067699
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt078353
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0132600
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt010528
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04568
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt068001
IRS990EZ/Form990TotalAssetsGrp/EOYAmt078624
IRS990EZ/GrossReceiptsAmt0161040
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt033
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt037901
IRS990EZ/NetAssetsOrFundBalancesEOYAmt048551
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt037901
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt048551
IRS990EZ/OccupancyRentUtltsAndMaintAmt019272
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
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/BOYAmt0302
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0271
IRS990EZ/OtherChangesInNetAssetsAmt0122
IRS990EZ/OtherExpensesTotalAmt020813
IRS990EZ/OtherRevenueTotalAmt028407
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/SalariesOtherCompEmplBnftAmt0105859
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt030100
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt030073
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0150512
IRS990EZ/TotalRevenueAmt0161040
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.MONTGOMERY-ILLINOIS.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER INCOME 28,407 TOTAL 28,407
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 12,869 MARKETING MONTGOMERY 1,644 MARKETING OTHER 120 USPS 11 BANK FEES 681 COPIER SERVICE CONTRACT 968 SUPPLIES AND MATERIALS 830 EDUCATION-TRAINING 475 BUSINESS MEALS 90 CONSTANT CONTACT 336 INSURANCE -LIABILITY 1,292 INSURANCE-WORKERS COMP. 510 NON-INVESTMENT DEPRECIATION 987 TOTAL 20,813
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOOK / TAX DEPRECIATION DIFFERENCE 122
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FIXED ASSETS 37,804 38,639 LESS ACCUMULATED DEPRECIATION 37,502 38,368 TOTAL 302 271
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PREPAID MEMBERSHIP DUES 30,000 30,000 HEALTH INSURANCE 0 959 PAYROLL TAX LIABILITY 100 100 DEPRECIATION ADJUSTMENT 0 -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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLENE COULOMBE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06308976748
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-09
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/PreparationDt02022-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD S PADOVICH
ReturnHeader/ReturnTs02022-11-08T16:04:42-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHARLENE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COULOMBE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,624
Liabilities
$30,073
Net assets
$48,551
Revenue
$161,040
Expenses
$150,512
Net income
$10,528
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
2021Detailed filing. Detailed filing data is available for this year.$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