Civic Intelligence

Grundy Economic Development Council

990 • Fiscal year 2016 • EIN 22-3872361

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 04, 2017

Organization Profilewww.gedc.com
112 E Washington StMorris, IL 60450

(815) 942-0163

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

Higher debt load relative to assets than 49% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

0.00x

Higher debt load relative to revenue than 50% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

60th percentile

6.0%

Higher net margin than 60% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

54th percentile

4.1%

Faster asset growth than 54% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

82nd percentile

23%

Faster revenue growth than 82% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$393,342

Up $15,669 (+4.1%) from 2015

Net Assets

Up

$392,456

Up $18,082 (+4.8%) from 2015

Liabilities

Down

$886

Down $2,413 (-73%) from 2015

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin60th percentile

Revenue

Up

$300,231

Up $56,021 (+23%) from 2015

Expenses

Up

$282,149

Up $34,853 (+14%) from 2015

Net Income

Up

$18,082

Up $21,168 (+686%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$600K$400K$200K$0Assets 2011: $375,730Liabilities 2011: $5,280Net Assets 2011: $370,4502011Assets 2012: $371,160Liabilities 2012: $5,150Net Assets 2012: $366,0102012Assets 2013: $388,331Liabilities 2013: $7,078Net Assets 2013: $381,2532013Assets 2014: $382,741Liabilities 2014: $5,281Net Assets 2014: $377,4602014Assets 2015: $377,673Liabilities 2015: $3,299Net Assets 2015: $374,3742015Assets 2016: $393,342Liabilities 2016: $886Net Assets 2016: $392,4562016Assets 2017: $374,128Liabilities 2017: $1,474Net Assets 2017: $372,6542017Assets 2018: $387,269Liabilities 2018: $2,872Net Assets 2018: $384,3972018Assets 2019: $368,681Liabilities 2019: $1,496Net Assets 2019: $367,1852019Assets 2020: $423,744Liabilities 2020: $3,424Net Assets 2020: $420,3202020Assets 2021: $440,846Liabilities 2021: $4,035Net Assets 2021: $436,8112021Assets 2022: $501,002Liabilities 2022: $54,456Net Assets 2022: $446,5462022Assets 2023: $520,401Liabilities 2023: $0Net Assets 2023: $520,4012023Assets 2024: $564,397Liabilities 2024: $850Net Assets 2024: $563,5472024Assets 2025: $560,992Liabilities 2025: $44Net Assets 2025: $560,9482025

Highlighted filing

2016

Assets$393,342
Liabilities$886
Net Assets$392,456
Open 2016 Filing

Operations Trend

Revenue Growth82nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $234,781Expenses 2011: $242,266Net Income 2011: -$7,4852011Revenue 2012: $247,496Expenses 2012: $251,936Net Income 2012: -$4,4402012Revenue 2013: $258,549Expenses 2013: $243,306Net Income 2013: $15,2432013Revenue 2014: $250,117Expenses 2014: $253,910Net Income 2014: -$3,7932014Revenue 2015: $244,210Expenses 2015: $247,296Net Income 2015: -$3,0862015Revenue 2016: $300,231Expenses 2016: $282,149Net Income 2016: $18,0822016Revenue 2017: $273,879Expenses 2017: $293,681Net Income 2017: -$19,8022017Revenue 2018: $304,661Expenses 2018: $293,751Net Income 2018: $10,9102018Revenue 2019: $296,474Expenses 2019: $313,686Net Income 2019: -$17,2122019Revenue 2020: $357,531Expenses 2020: $304,396Net Income 2020: $53,1352020Revenue 2021: $308,134Expenses 2021: $291,643Net Income 2021: $16,4912021Revenue 2022: $362,312Expenses 2022: $352,576Net Income 2022: $9,7362022Revenue 2023: $466,293Expenses 2023: $392,438Net Income 2023: $73,8552023Revenue 2024: $449,237Expenses 2024: $405,365Net Income 2024: $43,8722024Revenue 2025: $484,483Expenses 2025: $487,082Net Income 2025: -$2,5992025

Highlighted filing

2016

Revenue$300,231
Expenses$282,149
Net Income$18,082
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 4, 2017
Return Version
2016v3.0
Gross Receipts
$300,231
Mission and Program Overview

Mission

The council provides development functions within grundy county.

The council provides development functions within grundy county

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$340,226$342,037▲ $1,811
Cash and Non-Interest-Bearing Accounts$22,325$34,086▲ $11,761
Accounts Receivable$5,250$8,850▲ $3,600
Land, Buildings, and Equipment, Net$8,064$6,271▼ $1,793
Prepaid Expenses and Deferred Charges$1,811$2,098▲ $287
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$377,676$393,342▲ $15,666
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$3,299$886▼ $2,413
Other Liabilities$3--
Total Liabilities$3,302$886▼ $2,416
Net Assets / Fund Balance
Unrestricted Net Assets$374,374$392,456▲ $18,082
Total Net Assets Fund Balance$374,374$392,456▲ $18,082
Total Liabilities and Net Assets / Fund Balance$377,676$393,342▲ $15,666

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,271$38,500$44,771
Compensation and Service Providers
Top Officer Pay69th percentile

Board Members and Trustees

NameTitle
Chris BreymanChairman
Lance CopesPast Chairman
Jeff HettrickVice Chairman
Chris BalkemaTrustee
Jason WiesbrockTrustee
Jill BehningTrustee
Mark SteadhamTrustee
Scott SeibertTrustee
Terry KerncTrustee
Pete FlemingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$259,792
Program Service Revenue
$38,627
Investment Income
$1,812
Other Revenue
$0
Change in Net Assets
$18,082

Audited Revenue Reconciliation

Revenue per Audited Statements
$300,231
Total Revenue per Audited Statements
$300,231
Total Revenue per Form 990
$300,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$176,932
Other Expenses$105,217
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$148,653
Occupancy---$20,491
Other Employee Benefits---$16,939
Payroll Taxes---$11,340
Office Expenses---$7,742
Conferences and Meetings---$6,063
Insurance---$3,260
Fees for Services Accounting---$3,223
All Other Expenses---$3,067
Depreciation Depletion---$2,786
Travel---$2,162
Other Expenses---$2,094
Information Technology---$1,059
Total Functional Expenses$0$0$0$282,149

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$282,149
Total Expenses per Audited Statements$282,149
Total Expenses per Form 990$282,149
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“The organization's members pay annual dues in order to receive services and participate in programs provided by the organization.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“990 is Reviewed by the Organizations Executive Director prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Grundy Economic Development Council
EIN
22-3872361
Phone
8159420163
Address
112 E WASHINGTON ST, MORRIS, IL 60450

Signing Officer

Name
Nancy Norton Ammer
Title
CEO
Signed
2017-02-04
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
5

Preparer

Firm
Mack & Associates Pc
Address
116 E WASHINGTON ST STE ONE, MORRIS, IL 60450-2286
Preparer
Tawnya Mack
Phone
8159423306
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Tax Status in Note 1 of audit”

Raw XML Appendix391 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.

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IRS990/ProgramServiceRevenueGrp/Desc0BUSINESS DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/Desc1Community relations
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt030000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18627
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt030000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18627
IRS990/ProgSrvcAccomActy2Grp/Desc0GROWTH & EXPANSION: THE COUNCIL PLANS FOR ECONOMIC DEVELOPMENT, WITH A FOCUS ON INDUSTRIAL RENTENTION AND EXPANSION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt065927
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY RELATIONS: THE COUNCIL USES THIS PROGRAM TO DISSEMINATE INFORMATION, SERVICES, AND ECONOMIC DEVELOPMENT OPPORTUNITIES AMONG ALL GRUNDY COUNTY COMMUNITIES AND RESIDENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt042240
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0233992
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0926
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt075597
IRS990/PYProgramServiceRevenueAmt09292
IRS990/PYRevenuesLessExpensesAmt0-3086
IRS990/PYSalariesCompEmpBnftPaidAmt0171699
IRS990/PYTotalExpensesAmt0247296
IRS990/PYTotalRevenueAmt0244210
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt018082
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt030000
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0340226
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0342037
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0282149
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06271
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038500
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt044771
IRS990ScheduleD/RevenueSubtotalAmt0300231
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Tax Status in Note 1 of audit
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06271
IRS990ScheduleD/TotalExpensesPerForm990Amt0282149
IRS990ScheduleD/TotalRevenuePerForm990Amt0300231
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0300231
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0282149
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S MEMBERS PAY ANNUAL DUES IN ORDER TO RECEIVE SERVICES AND PARTICIPATE IN PROGRAMS PROVIDED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 is Reviewed by the Organizations Executive Director prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0377676
IRS990/TotalAssetsEOYAmt0393342
IRS990/TotalAssetsGrp/BOYAmt0377676
IRS990/TotalAssetsGrp/EOYAmt0393342
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0259792
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0282149
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03302
IRS990/TotalLiabilitiesEOYAmt0886
IRS990/TotalLiabilitiesGrp/BOYAmt03302
IRS990/TotalLiabilitiesGrp/EOYAmt0886
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0374374
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0392456
IRS990/TotalProgramServiceExpensesAmt0223740
IRS990/TotalProgramServiceRevenueAmt038627
IRS990/TotalRevenueGrp/ExclusionAmt01812
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt038627
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0300231
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0377676
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0393342
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt02162
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0374374
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0392456
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.gedc.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NANCY NORTON AMMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRUNDY ECONOMIC DEVELOPMENT COUNCIL
ReturnHeader/Filer/BusinessNameControlTxt0GRUN
ReturnHeader/Filer/EIN0223872361
ReturnHeader/Filer/PhoneNum08159420163
ReturnHeader/Filer/USAddress/AddressLine1Txt0112 E WASHINGTON ST
ReturnHeader/Filer/USAddress/CityNm0MORRIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060450
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MACK & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0116 E WASHINGTON ST STE ONE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MORRIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0604502286
ReturnHeader/PreparerPersonGrp/PhoneNum08159423306
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tawnya Mack
ReturnHeader/ReturnTs02017-02-13T07:20:47-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$393,342
Liabilities
$886
Net assets
$392,456
Revenue
$300,231
Expenses
$282,149
Net income
$18,082
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.61$0.00$5.61$4.84$4.87$0.03
2024Detailed filing. Detailed filing data is available for this year.$5.64$0.01$5.64$4.49$4.05$0.44
2023Detailed filing. Detailed filing data is available for this year.$5.20$0.00$5.20$4.66$3.92$0.74
2022Detailed filing. Detailed filing data is available for this year.$5.01$0.54$4.47$3.62$3.53$0.10
2021Detailed filing. Detailed filing data is available for this year.$4.41$0.04$4.37$3.08$2.92$0.16
2020Detailed filing. Detailed filing data is available for this year.$4.24$0.03$4.20$3.58$3.04$0.53
2019Detailed filing. Detailed filing data is available for this year.$3.69$0.01$3.67$2.96$3.14$0.17
2018Detailed filing. Detailed filing data is available for this year.$3.87$0.03$3.84$3.05$2.94$0.11
2017Detailed filing. Detailed filing data is available for this year.$3.74$0.01$3.73$2.74$2.94$0.20
2016Detailed filing. Detailed filing data is available for this year.$3.93$0.01$3.92$3.00$2.82$0.18
2015Detailed filing. Detailed filing data is available for this year.$3.78$0.03$3.74$2.44$2.47$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.83$0.05$3.77$2.50$2.54$0.04
2013Detailed filing. Detailed filing data is available for this year.$3.88$0.07$3.81$2.59$2.43$0.15
2012Summary only. Only limited summary data is available for this year.$3.71$0.05$3.66$2.47$2.52$0.04
2011Summary only. Only limited summary data is available for this year.$3.76$0.05$3.70$2.35$2.42$0.07