Civic Intelligence

Grundy Economic Development Council

990 • Fiscal year 2018 • EIN 22-3872361

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 28, 2019

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

53rd percentile

0.01x

Higher debt load relative to assets than 53% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.01x

Higher debt load relative to revenue than 56% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

53rd percentile

3.6%

Higher net margin than 53% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

53rd percentile

3.5%

Faster asset growth than 53% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

71st percentile

11%

Faster revenue growth than 71% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$387,269

Up $13,141 (+3.5%) from 2017

Net Assets

Up

$384,397

Up $11,743 (+3.2%) from 2017

Liabilities

Up

$2,872

Up $1,398 (+95%) from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin53rd percentile

Revenue

Up

$304,661

Up $30,782 (+11%) from 2017

Expenses

Up

$293,751

Up $70 (+0.0%) from 2017

Net Income

Up

$10,910

Up $30,712 (+155%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2018

Assets$387,269
Liabilities$2,872
Net Assets$384,397
Open 2018 Filing

Operations Trend

Revenue Growth71st 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

2018

Revenue$304,661
Expenses$293,751
Net Income$10,910
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 28, 2019
Return Version
2018v3.1
Gross Receipts
$304,661
Mission and Program Overview

Mission

The council provides development functions within grundy county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$345,389$347,626▲ $2,237
Cash and Non-Interest-Bearing Accounts$20,766$19,200▼ $1,566
Accounts Receivable$4,575$17,200▲ $12,625
Land, Buildings, and Equipment, Net$4,231$3,243▼ $988
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$374,961$387,269▲ $12,308
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,474$2,872▲ $1,398
Total Liabilities$1,474$2,872▲ $1,398
Net Assets / Fund Balance
Unrestricted Net Assets$373,487$384,397▲ $10,910
Total Net Assets Fund Balance$373,487$384,397▲ $10,910
Total Liabilities and Net Assets / Fund Balance$374,961$387,269▲ $12,308

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,243$43,875$47,118
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Chris BreymanChairman
Lance CopesPast Chairman
Jeff HettrickVice Chairman
Brett MadisonTrustee
Chris BalkemaTrustee
Jason WiesbrockTrustee
John AdlerTrustee
Scott SeibertTrustee
Shawn McglynnTrustee
Terry KerncTrustee
Pete FlemingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$282,931
Program Service Revenue
$19,455
Investment Income
$2,275
Other Revenue
$0
All Other Contributions
$592
Change in Net Assets
$10,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$211,539
Other Expenses$82,212
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$178,666
Occupancy---$20,633
Other Employee Benefits---$19,147
Payroll Taxes---$13,726
Office Expenses---$7,114
All Other Expenses---$4,580
Fees for Services Accounting---$3,979
Other Expenses---$3,726
Insurance---$3,644
Travel---$3,110
Depreciation Depletion---$2,674
Information Technology---$2,419
Conferences and Meetings---$1,256
Total Functional Expenses$0$0$0$293,751
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
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 other 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
Title
CEO
Signed
2019-03-28
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
10
Employees
5

Preparer

Firm
Brian Zabel & Associates PC
Address
1040 West Route 6, Morris, IL 60450
Preparer
Joseph F Martin CPA Mst
Phone
8159419833
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Tax status in note 1 of audit”

Raw XML Appendix389 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01474
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02872
IRS990/AccountsReceivableGrp/BOYAmt04575
IRS990/AccountsReceivableGrp/EOYAmt017200
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE COUNCIL PROVIDES DEVELOPMENT FUNCTIONS WITHIN GRUNDY COUNTY.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt0592
IRS990/AllOtherExpensesGrp/TotalAmt04580
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0NANCY NORTON
IRS990/BooksInCareOfDetail/PhoneNum08159420163
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0112 E WASHINGTON ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0MORRIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060450
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt020766
IRS990/CashNonInterestBearingGrp/EOYAmt019200
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt01256
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0282931
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02275
IRS990/CYOtherExpensesAmt082212
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt019455
IRS990/CYRevenuesLessExpensesAmt010910
IRS990/CYSalariesCompEmpBnftPaidAmt0211539
IRS990/CYTotalExpensesAmt0293751
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0304661
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt02674
IRS990/Desc0GROWTH & EXPANSION: THE COUNCIL PLANS FOR ECONOMIC DEVELOPMENT WITH A FOCUS ON INDUSTRIAL RETENTION AND EXPANSION.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt03979
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0SCOTT SEIBERT
IRS990/Form990PartVIISectionAGrp/PersonNm1JASON WIESBROCK
IRS990/Form990PartVIISectionAGrp/PersonNm2BRETT MADISON
IRS990/Form990PartVIISectionAGrp/PersonNm3SHAWN MCGLYNN
IRS990/Form990PartVIISectionAGrp/PersonNm4TERRY KERNC
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN ADLER
IRS990/Form990PartVIISectionAGrp/PersonNm6CHRIS BALKEMA
IRS990/Form990PartVIISectionAGrp/PersonNm7CHRIS BREYMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8LANCE COPES
IRS990/Form990PartVIISectionAGrp/PersonNm9PETE FLEMING
IRS990/Form990PartVIISectionAGrp/PersonNm10JEFF HETTRICK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt8Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice Chairman
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0304661
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt02419
IRS990/InsuranceGrp/TotalAmt03644
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt02275
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02275
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt043875
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04231
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03243
IRS990/LandBldgEquipCostOrOtherBssAmt047118
IRS990/LegalDomicileStateCd0IL
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0282339
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE COUNCIL PROVIDES DEVELOPMENT FUNCTIONS WITHIN GRUNDY COUNTY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0373487
IRS990/NetAssetsOrFundBalancesEOYAmt0384397
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt020633
IRS990/OfficeExpensesGrp/TotalAmt07114
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019147
IRS990/OtherExpensesGrp/Desc0COMMUNITY RELATIONS
IRS990/OtherExpensesGrp/Desc1BUSINESS DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3BUSINESS GROWTH/EXPANSION
IRS990/OtherExpensesGrp/TotalAmt012398
IRS990/OtherExpensesGrp/TotalAmt19420
IRS990/OtherExpensesGrp/TotalAmt27259
IRS990/OtherExpensesGrp/TotalAmt33726
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0178666
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt013726
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0BUSINESS DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/Desc1COMMUNITY RELATIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt116955
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116955
IRS990/ProgSrvcAccomActy2Grp/Desc0BUSINESS DEVELOPMENT: THE COUNCIL USES THIS PROGRAM FOR DIRECT EFFORTS OF BUSINESS ATTRACTION. THE COUNCIL WILL OVERSEE THE MARKETING, PROMOTION, INVENTIVES, AND BUSINESS ISSUES THAT IMPACT A SUCCESSFUL ATTRACTION PROGRAM.
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/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0260080
IRS990/PYInvestmentIncomeAmt02518
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt078218
IRS990/PYProgramServiceRevenueAmt011281
IRS990/PYRevenuesLessExpensesAmt0-19802
IRS990/PYSalariesCompEmpBnftPaidAmt0215463
IRS990/PYTotalExpensesAmt0293681
IRS990/PYTotalRevenueAmt0273879
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt010910
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0345389
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0347626
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03243
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt043875
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt047118
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TAX STATUS IN NOTE 1 OF AUDIT
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03243
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 OTHER 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0374961
IRS990/TotalAssetsEOYAmt0387269
IRS990/TotalAssetsGrp/BOYAmt0374961
IRS990/TotalAssetsGrp/EOYAmt0387269
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0282931
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0293751
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01474
IRS990/TotalLiabilitiesEOYAmt02872
IRS990/TotalLiabilitiesGrp/BOYAmt01474
IRS990/TotalLiabilitiesGrp/EOYAmt02872
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0373487
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0384397
IRS990/TotalProgramServiceRevenueAmt019455
IRS990/TotalRevenueGrp/ExclusionAmt02275
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019455
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0304661
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0374961
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0387269
IRS990/TravelGrp/TotalAmt03110
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0373487
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0384397
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0112 E WASHINGTON ST
IRS990/USAddress/CityNm0MORRIS
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060450
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.GEDC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NANCY NORTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-28
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/PreparerFirmEIN0010802750
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Brian Zabel & Associates PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01040 West Route 6
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Morris
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060450
ReturnHeader/PreparerPersonGrp/PhoneNum08159419833
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH F MARTIN CPA MST
ReturnHeader/ReturnTs02019-03-28T07:22:02-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$387,269
Liabilities
$2,872
Net assets
$384,397
Revenue
$304,661
Expenses
$293,751
Net income
$10,910
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