Civic Intelligence

Illinois Economic Development

990EZ • Fiscal year 2023 • EIN 35-1087090

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 11, 2024

Organization ProfileWWW.ILEDA.ORG
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

65th percentile

0.04x

Higher debt load relative to assets than 65% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.04x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

61st percentile

6.5%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

49th percentile

0.3%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

53rd percentile

7.8%

Faster revenue growth than 53% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$83,215

Up $285 (+0.3%) from 2022

Net Assets

Up

$79,715

Up $6,035 (+8.2%) from 2022

Liabilities

Down

$3,500

Down $5,750 (-62%) from 2022

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin61st percentile

Revenue

Up

$92,631

Up $6,671 (+7.8%) from 2022

Expenses

Down

$86,595

Down $30,334 (-26%) from 2022

Net Income

Up

$6,036

Up $37,005 (+119%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

2023

Assets$83,215
Liabilities$3,500
Net Assets$79,715
Open 2023 Filing

Operations Trend

Revenue Growth53rd percentile

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

2023

Revenue$92,631
Expenses$86,595
Net Income$6,036
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 11, 2024
Return Version
2023v5.0
Gross Receipts
$92,631
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
Top Officer Pay73rd percentile

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
2024-10-11
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 16

“Expenses regional workshops 5,979 annual conference 11,482 board & committee 256 insurance 1,992 bank & credit card charge 1,286 membership dues 307 scholarship 592 marketing expense 4,201 total 26,095”

Form 990-ez, Part II, Line 26

“Deferred revenue 9,250 3,500”

Form 990-ez, Part III

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

Raw XML Appendix143 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICHAEL CASSA
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BRYAN GAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JAMES ARNOLD
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11JOHN WATSON JR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt22ND VICE PRE
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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleC/TaxableAmt0-2545
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DEFERRED REVENUE 9,250 3,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ILLINOIS ECONOMIC DEVELOPMENT ASSOCIATION SUPPORTS ADVOCACY, EDUCATION, AND COLLABORATION TO ENHANCE ILLINOIS' GLOBAL COMPETITIVENESS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LORI K MILOSEVICH
ReturnHeader/ReturnTs02024-10-15T17:19:43-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$83,215
Liabilities
$3,500
Net assets
$79,715
Revenue
$92,631
Expenses
$86,595
Net income
$6,036
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