Liabilities / Assets
83rd percentile
Higher debt load relative to assets than 83% of similar nonprofits.
990 • Fiscal year 2021 • EIN 36-2788088
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
83rd percentile
Higher debt load relative to assets than 83% of similar nonprofits.
Liabilities / Revenue
64th percentile
Higher debt load relative to revenue than 64% of similar nonprofits.
Net Margin
29th percentile
Higher net margin than 29% of similar nonprofits.
Top Officer Pay
98th percentile
Higher top officer pay than 98% of similar nonprofits.
Top officer pay equals 49.1% of source-year revenue.
Asset Growth
13th percentile
Faster asset growth than 13% of similar nonprofits.
Revenue Growth
27th percentile
Faster revenue growth than 27% of similar nonprofits.
Assets
Down$212,467
Down $17,086 (-7.4%) from 2020
Net Assets
Flat$136,802
Flat from 2020
Liabilities
Down$75,665
Down $17,086 (-18%) from 2020
Revenue
Down$506,895
Down $36,963 (-6.8%) from 2020
Expenses
Down$506,895
Down $13,837 (-2.7%) from 2020
Net Income
Down$0
Down $23,126 (-100%) from 2020
To enhance the quality of life and economic health of Oak Park by:-Expanding its property tax base-Increasing sales tax revenue-Creating jobs in the Village-Retaining jobs in the Village
To attract and promote investment and development in Oak Park with the objectives of:-Expanding the property tax base-Increasing sales tax revenue-Creating jobs in the Village-Retaining jobs in the Village
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $188,753 | $132,081 | ▼ $56,672 |
| Cash and Non-Interest-Bearing Accounts | $24,109 | $64,445 | ▲ $40,336 |
| Land, Buildings, and Equipment, Net | $10,059 | $9,178 | ▼ $881 |
| Prepaid Expenses and Deferred Charges | $6,632 | $6,763 | ▲ $131 |
| Accounts Receivable | - | $0 | - |
| 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 | $229,553 | $212,467 | ▼ $17,086 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $63,624 | $59,574 | ▼ $4,050 |
| Grants Payable | $29,127 | $16,091 | ▼ $13,036 |
| Total Liabilities | $92,751 | $75,665 | ▼ $17,086 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $136,802 | $136,802 | → $0 |
| Total Net Assets Fund Balance | $136,802 | $136,802 | → $0 |
| Total Liabilities and Net Assets / Fund Balance | $229,553 | $212,467 | ▼ $17,086 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $9,178 | $8,322 | $17,500 |
| Other Land Buildings | - | $15,530 | $15,530 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| John Lynch | Executive Director | FT | $185,000 | $63,900 | $248,900 |
| Eric Mazelis | Econ Dev Mgr | FT | $77,938 | $6,646 | $84,584 |
| Allison Marola | Office Mgr | FT | $47,756 | $10,253 | $58,009 |
| Name | Title |
|---|---|
| Cory Wesley | Chairman |
| Aaron Joseph | Vice-Chairman |
| Bill Rogalla | Director |
| Jackie Barlow | Director |
| Mike Warren | Director |
| Anan Abu-Taleb | Director at large |
| Cara Pavlicek | Director at large |
| Lisa Shelley | Director at Large |
| Susan Buchanan | Director at Large |
| Vicki Scaman | Director at Large |
| David Kennedy | Secretary |
| Sandeep Sood | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $409,198 |
| Other Expenses | $97,697 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $220,478 | $24,498 | - | $244,976 |
| Other Salaries and Wages | $113,830 | $12,646 | - | $126,476 |
| Payroll Taxes | $20,120 | $2,236 | - | $22,356 |
| Occupancy | $16,792 | $1,866 | - | $18,658 |
| Fees for Services Accounting | $2,422 | $13,728 | - | $16,150 |
| Insurance | $11,581 | $1,287 | - | $12,868 |
| Other Employee Benefits | $9,002 | $1,001 | - | $10,003 |
| Pension Plan Contributions | $4,848 | $539 | - | $5,387 |
| All Other Expenses | $3,172 | $1,708 | - | $4,880 |
| Other Expenses | $234 | $4,438 | - | $4,672 |
| Office Expenses | - | $4,560 | - | $4,560 |
| Fees for Services Other | $517 | $2,925 | - | $3,442 |
| Advertising | $2,500 | - | - | $2,500 |
| Depreciation Depletion | - | $880 | - | $880 |
| Total Functional Expenses | $424,187 | $82,708 | $0 | $506,895 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $517,870 |
| Expenses per Audited Statements | $506,895 |
| Total Expenses per Form 990 | $506,895 |
| Expenses Not Reported on Form 990 | $10,975 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
“The Bylaws were updated. See attached Third Amended & Restated By-Laws of the Oak Park Economic Development Corporation.”
“The Form 990 will be reviewed by the executive director of OPEDC prior to filing and a copy is supplied to the Board of Directors after it is accepted, if requested”
“Conflict of interest is reviewed and signed annually by all officers and directors. If projects arise during the year that create new conflicts, board members recuse themselves. New members are required to sign a conflict of interest immediately.”
“Compensation for the Executive Director is reviewed and determined by the Executive Members (all board members) of the OPEDC Board after the first of the year.”
“Compensation, other than the Executive Director, is determined by the Executive Director.”
“All information is available upon request.”
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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 63624 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 59574 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | To attract and promote investment and development in Oak Park with the objectives of:-Expanding the property tax base-Increasing sales tax revenue-Creating jobs in the Village-Retaining jobs in the Village |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 2500 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 2500 |
| IRS990/AllOtherContributionsAmt | 0 | 1472 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1708 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 3172 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 4880 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | false |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | John Lynch |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7083833838 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 104 N Oak Park |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Oak Park |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60301 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 24109 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 64445 |
| IRS990/ChangeToOrgDocumentsInd | 0 | true |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 24498 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 220478 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 244976 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 506881 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 14 |
| IRS990/CYOtherExpensesAmt | 0 | 97697 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 0 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 409198 |
| IRS990/CYTotalExpensesAmt | 0 | 506895 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 506895 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 880 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 880 |
| IRS990/Desc | 0 | Over 37,000 square feet of leased space and $3,400,000 in private investment. Tenants open or expected to open in 2021/early 2022 include:-Taco Mucho-Blackout Baking Co-EINNIM-Brewpoint Craft-Oak Ave Barber-Whirlwind Coffee Co-Mosaic Behavioral Health-Sparkle Aesthetics-YogaSix-STRIDE-Festive Collective-2 Wintrust Bank BranchesAssistance with promotion and identification of developers for key private redevelopment sites including:-203 S Marion Street-915 S Maple-7 Van Buren-644 Madison St-6545 North Avenue-6501-6525 North Avenue |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 3 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 424187 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 13728 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 2422 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 16150 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 2925 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 517 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 3442 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 11 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 12 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 13 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 14 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 9400 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 6646 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 10253 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | John Lynch |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Eric Mazelis |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Allison Marola |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Anan Abu-Taleb |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Bill Rogalla |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Cara Pavlicek |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Cory Wesley |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Susan Buchanan |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Jackie Barlow |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Sandeep Sood |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | David Kennedy |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Aaron Joseph |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | Mike Warren |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | Vicki Scaman |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | Lisa Shelley |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 239500 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 77938 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 47756 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Executive Dir. |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Econ Dev Mgr |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Office Mgr |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Dir at large |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Dir at large |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Dir at Large |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Vice-Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Dir at Large |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Dir at Large |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1974 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GovernmentGrantsAmt | 0 | 505409 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 29127 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 16091 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 506895 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 1287 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 11581 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 12868 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 14 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 14 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 23852 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 10059 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 9178 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 33030 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | To attract and promote investment and development in Oak Park with the objectives of:-Expanding the property tax base-Increasing sales tax revenue-Creating jobs in the Village-Retaining jobs in the Village |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 136802 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 136802 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 136802 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 136802 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 1866 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 16792 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 18658 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 4560 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 4560 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 1001 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 9002 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 10003 |
| IRS990/OtherExpensesGrp/Desc | 0 | Dues/subscriptions |
| IRS990/OtherExpensesGrp/Desc | 1 | Workshop/conferences |
| IRS990/OtherExpensesGrp/Desc | 2 | Telephone |
| IRS990/OtherExpensesGrp/Desc | 3 | Auto/Parking Exp |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 835 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 8937 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 624 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 4438 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 13075 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 5616 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 234 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 13910 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 8937 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 6240 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 4672 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 12646 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 113830 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 126476 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 2236 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 20120 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 22356 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 539 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 4848 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 5387 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 6632 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 6763 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 543842 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 16 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 77132 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 23126 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 443600 |
| IRS990/PYTotalExpensesAmt | 0 | 520732 |
| IRS990/PYTotalRevenueAmt | 0 | 543858 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 0 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 188753 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 132081 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 10975 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 10975 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 10975 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 506895 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 9178 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 8322 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 17500 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 15530 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 15530 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 10975 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 506895 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 9178 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 506895 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 506895 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 517870 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 517870 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | false |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/Form990OfOtherOrganizationsInd | 0 | X |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 185000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 50000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 9400 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 4500 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | John Lynch |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | Executive Dir. |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 248900 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Bylaws were updated. See attached Third Amended & Restated By-Laws of the Oak Park Economic Development Corporation. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The Form 990 will be reviewed by the executive director of OPEDC prior to filing and a copy is supplied to the Board of Directors after it is accepted, if requested |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Conflict of interest is reviewed and signed annually by all officers and directors. If projects arise during the year that create new conflicts, board members recuse themselves. New members are required to sign a conflict of interest immediately. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Compensation for the Executive Director is reviewed and determined by the Executive Members (all board members) of the OPEDC Board after the first of the year. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Compensation, other than the Executive Director, is determined by the Executive Director. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | All information is available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.