Civic Intelligence

Joliet Will County Center for Economic Development

990 • Fiscal year 2014 • EIN 36-3174683

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 24, 2015

Organization ProfileWILLCOUNTYCED.COM

View Organization Page

116 N Chicago Street No 101Joliet, IL 60432

(815) 723-1800

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

3rd percentile

-220%

Higher net margin than 3% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

100th percentile

$333,475

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 1224.6% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

20th percentile

-21%

Faster asset growth than 20% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

97th percentile

296%

Faster revenue growth than 97% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$230,257

Down $59,895 (-21%) from 2013

Net Assets

Down

$230,257

Down $59,895 (-21%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin3rd percentile

Revenue

Up

$27,232

Up $20,361 (+296%) from 2013

Expenses

Down

$87,127

Down $7,274 (-7.7%) from 2013

Net Income

Up

-$59,895

Up $27,635 (+32%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$1.0M$500K$0Assets 2010: $967,232Liabilities 2010: $42,475Net Assets 2010: $924,7572010Assets 2011: $514,629Liabilities 2011: $45,013Net Assets 2011: $469,6162011Assets 2012: $377,682Liabilities 2012: $0Net Assets 2012: $377,6822012Assets 2013: $290,152Liabilities 2013: $0Net Assets 2013: $290,1522013Assets 2014: $230,257Liabilities 2014: $0Net Assets 2014: $230,2572014Assets 2015: $147,001Liabilities 2015: $0Net Assets 2015: $147,0012015

Highlighted filing

2014

Assets$230,257
Liabilities$0
Net Assets$230,257
Open 2014 Filing

Operations Trend

Revenue Growth97th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,610,9952010Expenses 2011: $212,4782011Expenses 2012: $99,2132012Revenue 2013: $6,871Expenses 2013: $94,401Net Income 2013: -$87,5302013Revenue 2014: $27,232Expenses 2014: $87,127Net Income 2014: -$59,8952014Revenue 2015: $34,704Expenses 2015: $117,960Net Income 2015: -$83,2562015

Highlighted filing

2014

Revenue$27,232
Expenses$87,127
Net Income-$59,895
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 24, 2015
Return Version
2014v5.0
Gross Receipts
$27,232
Mission and Program Overview

Mission

The mission of the foundation is to promote strong working relationships between business, education and social service agencies that supports will county's community and economic development initiatives, prepare and support location elected and appointed officials in the development and implementation of successful community and economic development programs that enhance business growth, expand the tax base and preserve a high quality of life, and prepare young people for success in life and career.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$31,472$35,132▲ $3,660
Land, Buildings, and Equipment, Net$2,144$19,781▲ $17,637
Pledges and Grants Receivable$24,185$10,985▼ $13,200
Prepaid Expenses and Deferred Charges$94$94→ $0
Total Assets$290,152$230,257▼ $59,895
Other Assets Total$232,257$164,265▼ $67,992
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$267,134$219,272▼ $47,862
Temporarily Rstr Net Assets$23,018$10,985▼ $12,033
Total Net Assets Fund Balance$290,152$230,257▼ $59,895
Total Liabilities and Net Assets / Fund Balance$290,152$230,257▼ $59,895

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,781$166,152$185,933
Leasehold Improvements$0$156,833$156,833
Other Assets Org$164,265--
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
Wayne SmithChairman of the Board
John GreulingPresident & CEO
Scott PaddockVice Chair
Amber RussellDirector
Br James Gaffney FscDirector
Edward DollingerDirector
Herbert Brooks JrDirector
James RoolfDirector
Jim HockDirector
Lawrence WalshDirector
Michael RittofDirector
Paul PawlakDirector
Rodney TonelliDirector
Tim DaughertyDirector
Tom GiarranteDirector
Tom OsterbergerGeneral Counsel
Bob FilittoSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$27,217
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$15
All Other Contributions
$27,217
Change in Net Assets
$-59,895
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$61,650
Other Expenses$25,477
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$58,487--$58,487
Fees for Services Other$11,520--$11,520
Fees for Services Accounting$6,131--$6,131
Travel$3,189--$3,189
Other Employee Benefits$3,163--$3,163
Depreciation Depletion$3,163--$3,163
Other Expenses$470$1,001-$470
Total Functional Expenses$86,126$1,001$0$87,127
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“All board members are provided a copy to review before filing.”

Form 990, Part VI, Section B, Line 12C

“Each member must file an annual statement with the organization.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Jolietwill County Center for Economic Development
EIN
36-3174683
Phone
8157231800
Address
116 N CHICAGO STREET NO 101, JOLIET, IL 60432
Doing Business As
Will County Economic Development Foundation

Signing Officer

Name
John E Greuling
Title
President & CEO
Phone
8157231800
Signed
2015-08-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John E Greuling
Formed
1981
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
1301 W 22ND ST STE 1100, OAK BROOK, IL 60523
Preparer
Gregory S Adams
Phone
6305738600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other: program service expenses 11,520. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,520.”

FORM 990, PART XII, LINE 2C:

“The board of directors of the will county chamber of commerce d/b/a will county center for economic development (the "chamber") has a finance committee that is responsible for oversight of the indepedent auditors and reports to the executive committee of the board. The executive committee of the chamber serves as the board of the foundation.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes pursuant to internal revenue code section 501(c)(3). The foundation follows the requirements for accounting for uncertain tax positions. The foundation has determined that it is not required to record a liability related to uncertain tax positions as of december 31, 2014 and 2013.”

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IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN GREULING
IRS990/Form990PartVIISectionAGrp/PersonNm1WAYNE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm2SCOTT PADDOCK
IRS990/Form990PartVIISectionAGrp/PersonNm3BOB FILITTO
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IRS990/Form990PartVIISectionAGrp/PersonNm8BR JAMES GAFFNEY FSC
IRS990/Form990PartVIISectionAGrp/PersonNm9TOM GIARRANTE
IRS990/Form990PartVIISectionAGrp/PersonNm10HERBERT BROOKS JR
IRS990/Form990PartVIISectionAGrp/PersonNm11PAUL PAWLAK
IRS990/Form990PartVIISectionAGrp/PersonNm12JAMES ROOLF
IRS990/Form990PartVIISectionAGrp/PersonNm13LAWRENCE WALSH
IRS990/Form990PartVIISectionAGrp/PersonNm14TIM DAUGHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm15JIM HOCK
IRS990/Form990PartVIISectionAGrp/PersonNm16AMBER RUSSELL
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/MissionDesc0THE MISSION OF THE FOUNDATION IS TO PROMOTE STRONG WORKING RELATIONSHIPS BETWEEN BUSINESS, EDUCATION AND SOCIAL SERVICE AGENCIES THAT SUPPORTS WILL COUNTY'S COMMUNITY AND ECONOMIC DEVELOPMENT INITIATIVES, PREPARE AND SUPPORT LOCATION ELECTED AND APPOINTED OFFICIALS IN THE DEVELOPMENT AND IMPLEMENTATION OF SUCCESSFUL COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS THAT ENHANCE BUSINESS GROWTH, EXPAND THE TAX BASE AND PRESERVE A HIGH QUALITY OF LIFE, AND PREPARE YOUNG PEOPLE FOR SUCCESS IN LIFE AND CAREER.
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt020800
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0232257
IRS990/OtherAssetsTotalGrp/EOYAmt0164265
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03163
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03163
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc1DIRECT PROGRAM EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01001
IRS990/OtherExpensesGrp/ProgramServicesAmt03
IRS990/OtherExpensesGrp/ProgramServicesAmt1470
IRS990/OtherExpensesGrp/TotalAmt01004
IRS990/OtherExpensesGrp/TotalAmt1470
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015
IRS990/OtherRevenueTotalAmt015
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt024185
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt010985
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt094
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt094
IRS990/PrincipalOfficerNm0JOHN E GREULING
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0DREAM IT DO IT - THE FOUNDATION IS PARTNERING WITH THE NATIONAL ASSOCIATION OF MANUFACTURERS IN INCREASING THE AWARENESS OF CAREER OPPORTUNITIES TO YOUNG PEOPLE IN MANUFACTURING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01574
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY TRAINING - THE FOUNDATION PROVIDES COMMUNITY AND ECONOMIC DEVELOPMENT TRAINING SESSIONS TO LOCAL ELECTED AND APPOINTED OFFICIALS TO IMPROVE LOCAL DEVELOPMENT PROGRAMS SUPPORTED BY THE PUBLIC SECTOR.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt014095
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06856
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt032561
IRS990/PYOtherRevenueAmt015
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-87530
IRS990/PYSalariesCompEmpBnftPaidAmt061840
IRS990/PYTotalExpensesAmt094401
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06871
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-59895
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt027217
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06856
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07279
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt068930
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0690384
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0800666
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0328
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02255
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02583
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06411
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt015
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0475
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0505
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99620
IRS990ScheduleA/PublicSupportPY170Pct00.99250
IRS990ScheduleA/PublicSupportTotal170Amt0800666
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt027217
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt06856
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt07279
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt068930
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0690384
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0800666
IRS990ScheduleA/TotalSupportAmt0803754
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt019781
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0166152
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0185933
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0156833
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0156833
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0164265
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(3). THE FOUNDATION FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2014 AND 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019781
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0164265
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0229473
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt050313
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt019268
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN GREULING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0333475
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS ARE PROVIDED A COPY TO REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER MUST FILE AN ANNUAL STATEMENT WITH THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER: PROGRAM SERVICE EXPENSES 11,520. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,520.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS OF THE WILL COUNTY CHAMBER OF COMMERCE D/B/A WILL COUNTY CENTER FOR ECONOMIC DEVELOPMENT (THE "CHAMBER") HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE INDEPEDENT AUDITORS AND REPORTS TO THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE OF THE CHAMBER SERVES AS THE BOARD OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$230,257
Liabilities
$0
Net assets
$230,257
Revenue
$27,232
Expenses
$87,127
Net income
-$59,895
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.03$0.12$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.03$0.09$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.01$0.09$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.00$0.38$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.05$0.47$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.04$0.92$1.61