Civic Intelligence

Illinois Economic Development

990EZ • Fiscal year 2022 • EIN 35-1087090

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 17, 2023

1 N Old State Capitol Plaza 401Springfield, IL 62701

(217) 527-1279

Siviq Scores

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

Liabilities / Assets

74th percentile

0.11x

Higher debt load relative to assets than 74% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.11x

Higher debt load relative to revenue than 75% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

11th percentile

-36%

Higher net margin than 11% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

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.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

13th percentile

-27%

Faster asset growth than 13% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

85th percentile

84%

Faster revenue growth than 85% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$82,930

Down $31,009 (-27%) from 2021

Net Assets

Down

$73,680

Down $30,969 (-30%) from 2021

Liabilities

Down

$9,250

Down $40 (-0.4%) from 2021

Revenue

Up

$85,960

Up $39,118 (+84%) from 2021

Expenses

Up

$116,929

Up $50,793 (+77%) from 2021

Net Income

Down

-$30,969

Down $11,675 (-61%) from 2021

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2010: $172,216Liabilities 2010: $23,175Net Assets 2010: $149,0412010Assets 2011: $153,930Liabilities 2011: $14,700Net Assets 2011: $139,2302011Assets 2012: $145,140Liabilities 2012: $16,580Net Assets 2012: $128,5602012Assets 2013: $152,168Liabilities 2013: $16,500Net Assets 2013: $135,6682013Assets 2014: $144,132Liabilities 2014: $17,625Net Assets 2014: $126,5072014Assets 2015: $165,620Liabilities 2015: $30,550Net Assets 2015: $135,0702015Assets 2016: $158,919Liabilities 2016: $31,500Net Assets 2016: $127,4192016Assets 2018: $170,130Liabilities 2018: $28,000Net Assets 2018: $142,1302018Assets 2019: $151,219Liabilities 2019: $15,750Net Assets 2019: $135,4692019Assets 2020: $139,107Liabilities 2020: $15,165Net Assets 2020: $123,9422020Assets 2021: $113,939Liabilities 2021: $9,290Net Assets 2021: $104,6492021Assets 2022: $82,930Liabilities 2022: $9,250Net Assets 2022: $73,6802022Assets 2023: $83,215Liabilities 2023: $3,500Net Assets 2023: $79,7152023Assets 2024: $62,643Liabilities 2024: $4,500Net Assets 2024: $58,1432024

Highlighted filing

2022

Assets$82,930
Liabilities$9,250
Net Assets$73,680

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2010: $125,429Expenses 2010: $104,239Net Income 2010: $21,1902010Revenue 2011: $126,904Expenses 2011: $136,715Net Income 2011: -$9,8112011Revenue 2012: $92,387Expenses 2012: $103,057Net Income 2012: -$10,6702012Revenue 2013: $85,388Expenses 2013: $78,280Net Income 2013: $7,1082013Revenue 2014: $76,982Expenses 2014: $86,143Net Income 2014: -$9,1612014Revenue 2015: $103,482Expenses 2015: $94,919Net Income 2015: $8,5632015Revenue 2016: $79,848Expenses 2016: $87,499Net Income 2016: -$7,6512016Revenue 2018: $93,942Expenses 2018: $86,692Net Income 2018: $7,2502018Revenue 2019: $88,223Expenses 2019: $94,884Net Income 2019: -$6,6612019Revenue 2020: $53,895Expenses 2020: $65,422Net Income 2020: -$11,5272020Revenue 2021: $46,842Expenses 2021: $66,136Net Income 2021: -$19,2942021Revenue 2022: $85,960Expenses 2022: $116,929Net Income 2022: -$30,9692022Revenue 2023: $92,631Expenses 2023: $86,595Net Income 2023: $6,0362023Revenue 2024: $109,892Expenses 2024: $131,462Net Income 2024: -$21,5702024

Highlighted filing

2022

Revenue$85,960
Expenses$116,929
Net Income-$30,969
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 17, 2023
Return Version
2022v5.0
Gross Receipts
$85,960
Mission and Program Overview

Mission

Promote the economic development in the state of illinois

The illinois economic development association supports advocacy, education, and collaboration to enhance illinois' global competitiveness.

Program Services

DescriptionGrantsExpenses
THE ILLINOIS ECONOMIC DEVELOPMENT ASSOCIATION SPONSORS SPRING AND FALL CONFERENCES TO BRING TOGETHER ECONOMIC DEVELOPMENT PROFESSIONALS IN A SETTING CONDUCIVE TO THE EXCHANGE OF IDEAS AND INFORMATION.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL CASSAChairman-$0--
KEN SPRINGER1st Vice Pre-$0--
MARK WILLIAMS2nd Vice Pre-$0--
CHRIS SETTISecretary/Tr-$0--
BRYAN GAYImmed Past C-$0--
JAMES ARNOLDDirector-$0--
NICOLE BATEMANDirector-$0--
NANCY NORTONDirector-$0--
ANDREA RUNGEDirector-$0--
ED SITARDirector-$0--
CHERYL WELGEDirector-$0--
JOHN WATSON JRDirector-$0--
Political and Lobbying Activity
In-house lobbying only
No

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$1,800
Total Nondeductible Lobbying and Political Cost$1,800
Filing and Contact Details

Filer

Filer Name
Illinois Economic Development
EIN
35-1087090
Address
1 N OLD STATE CAPITOL PLAZA 401, SPRINGFIELD, IL 62701

Signing Officer

Name
Chris Setti
Title
Secretary/treasurer
Phone
2175285230
Signed
2023-08-17
Discuss with paid preparer
Yes

Preparer

Firm
Estes Bridgewater & Ogden
Address
901 S 2ND ST STE 300, SPRINGFIELD, IL 62704
Preparer
Lori K Milosevich
Phone
2175288473
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Career opportunity ads 3,929 total 3,929

Form 990-ez, Part I, Line 16

Expenses regional workshops 5,666 annual conference 40,368 board & committee 59 insurance 1,903 bank & credit card charge 1,328 membership dues 307 scholarship 1,250 marketing expense 2,431 total 53,312

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 18,971 0 total 18,971 0

Form 990-ez, Part II, Line 26

Deferred revenue 9,290 9,250

Form 990-ez, Part III

The illinois economic development association supports advocacy, education, and collaboration to enhance illinois' global competitiveness.

Raw XML Appendix152 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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IRS990ScheduleC/TaxableAmt0-2214
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CAREER OPPORTUNITY ADS 3,929 TOTAL 3,929
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES REGIONAL WORKSHOPS 5,666 ANNUAL CONFERENCE 40,368 BOARD & COMMITTEE 59 INSURANCE 1,903 BANK & CREDIT CARD CHARGE 1,328 MEMBERSHIP DUES 307 SCHOLARSHIP 1,250 MARKETING EXPENSE 2,431 TOTAL 53,312
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PREPAID EXPENSES AND DEFERRED CHARGES 18,971 0 TOTAL 18,971 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DEFERRED REVENUE 9,290 9,250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ILLINOIS ECONOMIC DEVELOPMENT ASSOCIATION SUPPORTS ADVOCACY, EDUCATION, AND COLLABORATION TO ENHANCE ILLINOIS' GLOBAL COMPETITIVENESS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.63$0.05$0.58$1.10$1.31$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.83$0.04$0.80$0.93$0.87$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.83$0.09$0.74$0.86$1.17$0.31
2021Detailed filing. Detailed filing data is available for this year.$1.14$0.09$1.05$0.47$0.66$0.19
2020Detailed filing. Detailed filing data is available for this year.$1.39$0.15$1.24$0.54$0.65$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.51$0.16$1.35$0.88$0.95$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.70$0.28$1.42$0.94$0.87$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.59$0.32$1.27$0.80$0.87$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.66$0.31$1.35$1.03$0.95$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.44$0.18$1.27$0.77$0.86$0.09
2013Detailed filing. Detailed filing data is available for this year.$1.52$0.17$1.36$0.85$0.78$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.17$1.29$0.92$1.03$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.15$1.39$1.27$1.37$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.23$1.49$1.25$1.04$0.21