Civic Intelligence

Kankakee County Economic Development Association

990 • Fiscal year 2016 • EIN 36-3316264

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 14, 2017

Organization Profilewww.kankakeecountyeda.com
200 E Court St Suite 507Kankakee, IL 60901

(815) 937-9358

Siviq Scores

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

Liabilities / Assets

67th percentile

0.17x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

57th percentile

0.10x

Higher debt load relative to revenue than 57% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Net Margin

11th percentile

-24%

Higher net margin than 11% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

5th percentile

-28%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

54th percentile

3.7%

Faster revenue growth than 54% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$412,351

Down $160,927 (-28%) from 2015

Net Assets

Down

$342,587

Down $162,498 (-32%) from 2015

Liabilities

Up

$69,764

Up $1,571 (+2.3%) from 2015

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin11th percentile

Revenue

Up

$677,366

Up $23,861 (+3.7%) from 2015

Expenses

Up

$839,864

Up $187,942 (+29%) from 2015

Net Income

Down

-$162,498

Down $164,081 (-10365%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $573,278Liabilities 2015: $68,193Net Assets 2015: $505,0852015Assets 2016: $412,351Liabilities 2016: $69,764Net Assets 2016: $342,5872016Assets 2017: $404,718Liabilities 2017: $75,003Net Assets 2017: $329,7152017Assets 2018: $467,003Liabilities 2018: $70,110Net Assets 2018: $396,8932018Assets 2019: $598,995Liabilities 2019: $75,349Net Assets 2019: $523,6462019Assets 2020: $731,259Liabilities 2020: $80,042Net Assets 2020: $651,2172020Assets 2021: $823,573Liabilities 2021: $63,539Net Assets 2021: $760,0342021Assets 2022: $817,904Liabilities 2022: $72,097Net Assets 2022: $745,8072022Assets 2023: $1,526,944Liabilities 2023: $682,675Net Assets 2023: $844,2692023Assets 2024: $1,522,540Liabilities 2024: $618,078Net Assets 2024: $904,4622024Assets 2025: $1,490,746Liabilities 2025: $542,065Net Assets 2025: $948,6812025

Highlighted filing

2016

Assets$412,351
Liabilities$69,764
Net Assets$342,587
Open 2016 Filing

Operations Trend

Revenue Growth54th percentile

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

$1.0M$500K$0-$500KRevenue 2015: $653,505Expenses 2015: $651,922Net Income 2015: $1,5832015Revenue 2016: $677,366Expenses 2016: $839,864Net Income 2016: -$162,4982016Revenue 2017: $691,987Expenses 2017: $704,859Net Income 2017: -$12,8722017Revenue 2018: $681,321Expenses 2018: $614,143Net Income 2018: $67,1782018Revenue 2019: $717,845Expenses 2019: $591,092Net Income 2019: $126,7532019Revenue 2020: $742,840Expenses 2020: $615,269Net Income 2020: $127,5712020Revenue 2021: $758,074Expenses 2021: $649,257Net Income 2021: $108,8172021Revenue 2022: $771,305Expenses 2022: $785,532Net Income 2022: -$14,2272022Revenue 2023: $914,864Expenses 2023: $816,402Net Income 2023: $98,4622023Revenue 2024: $866,838Expenses 2024: $806,645Net Income 2024: $60,1932024Revenue 2025: $891,026Expenses 2025: $846,807Net Income 2025: $44,2192025

Highlighted filing

2016

Revenue$677,366
Expenses$839,864
Net Income-$162,498
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 14, 2017
Return Version
2015v3.0
Gross Receipts
$677,366
Mission and Program Overview

Mission

Promotes industrial and commercial development through management of an industrial rental facility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$489,667$333,984▼ $155,683
Land, Buildings, and Equipment, Net$83,491$77,730▼ $5,761
Accounts Receivable$120$637▲ $517
Savings and Temporary Cash Investments-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$573,278$412,351▼ $160,927
Other Assets Total-$0-
Liabilities
Other Liabilities$61,223$62,136▲ $913
Deferred Revenue$5,272$5,681▲ $409
Accounts Payable and Accrued Expenses$1,698$1,947▲ $249
Total Liabilities$68,193$69,764▲ $1,571
Net Assets / Fund Balance
Unrestricted Net Assets$505,085$342,587▼ $162,498
Total Net Assets Fund Balance$505,085$342,587▼ $162,498
Total Liabilities and Net Assets / Fund Balance$573,278$412,351▼ $160,927

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$77,730$8,636$86,366
Equipment-$5,000$5,000
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Joe FrancoChairman
Pat MartinVice Chairman
Amy LaFineDirector
Dr John AvendanoDirector
Jeff HammesDirector
Leonary TobeyDirector
Phillip KambicDirector
Steve MagruderDirector
Michael O'GormanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$677,015
Investment Income
$351
Other Revenue
$0
Change in Net Assets
$-162,498

Audited Revenue Reconciliation

Revenue per Audited Statements
$677,366
Total Revenue per Audited Statements
$677,366
Total Revenue per Form 990
$677,366
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$602,864
Grants and Similar Amounts Paid$237,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$237,000--$237,000
Fees for Services Management$75,000--$75,000
Insurance$50,202$4,793-$54,995
Other Expenses$29,292--$29,292
Fees for Services Accounting-$9,650-$9,650
Depreciation Depletion$5,761--$5,761
Fees for Services Other$1,000--$1,000
All Other Expenses-$990-$990
Fees for Services Legal-$959-$959
Travel-$124-$124
Office Expenses-$118-$118
Total Functional Expenses$823,230$16,634$0$839,864

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$839,864
Total Expenses per Audited Statements$839,864
Total Expenses per Form 990$839,864
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Economic Alliance of Kankakee CoKankakee, IL-Support economic development activity in Kankakee County$237,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrual for property taxes$40,746
Security deposits$21,390
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
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 11B: Form 990 Review Process

“Officers review tax return prior to filing”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Available to public upon request.”

Filing and Contact Details

Filer

Filer Name
Kankakee County Economic Development
EIN
36-3316264
Phone
8159379358
Address
200 E Court St Suite 507, Kankakee, IL 60901

Signing Officer

Name
Michael O'Gorman
Title
Treasurer
Signed
2017-02-14
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Borschnack Pelletier & Co
Address
200 E COURT ST STE 608, KANKAKEE, IL 60901-3846
Preparer
Daniel J Borschnack
Phone
8159331771
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“The Treasurer has been delegated the responsibility for obtaining bids for the audit and for oversight of the audit. The treasurer then takes all information to the full board for approval.”

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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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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0677015
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0677015
IRS990/ProgSrvcAccomActy2Grp/Desc0Efforts to improve the economic climate of Kankakee County.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0237000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0207502
IRS990/PYInvestmentIncomeAmt0472
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0444420
IRS990/PYProgramServiceRevenueAmt0653033
IRS990/PYRevenuesLessExpensesAmt01583
IRS990/PYTotalExpensesAmt0651922
IRS990/PYTotalRevenueAmt0653505
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-162498
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/ExpensesSubtotalAmt0839864
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt077730
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08636
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt086366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040746
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt121390
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrual for property taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security deposits
IRS990ScheduleD/RevenueSubtotalAmt0677366
IRS990ScheduleD/TotalBookValueLandBuildingsAmt077730
IRS990ScheduleD/TotalExpensesPerForm990Amt0839864
IRS990ScheduleD/TotalLiabilityAmt062136
IRS990ScheduleD/TotalRevenuePerForm990Amt0677366
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0677366
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0839864
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0237000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Support economic development activity in Kankakee County
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Economic Alliance of Kankakee Co
IRS990ScheduleI/RecipientTable/RecipientEIN0262831810
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0200 E Court Street Suite 507
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Kankakee
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060901
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd0true
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Joe Franco
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Chairman
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Kankakee County Economic Development Association paid both a management fee of $75,000 and repairs of $2,152 to a corporation in which the chairman has an interest.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 7: Non-Fixed payments not listed above
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Officers review tax return prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available to public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Treasurer has been delegated the responsibility for obtaining bids for the audit and for oversight of the audit. The treasurer then takes all information to the full board for approval.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 2: Change of Oversight or Selection Process
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Economic Alliance of Kankakee County Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Area Jobs Development Association
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0262831810
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1363251054
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt13
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Economic Development
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Improve employment and commercial activity
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0200 E Court Ste 507
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1PO Box 333
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Kankakee
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Aroma Park
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060901
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd160910
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0237000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1340242
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Economic Alliance of Kankakee County Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Area Jobs Development Association
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1k
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$412,351
Liabilities
$69,764
Net assets
$342,587
Revenue
$677,366
Expenses
$839,864
Net income
-$162,498
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.49$0.54$0.95$0.89$0.85$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.52$0.62$0.90$0.87$0.81$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.53$0.68$0.84$0.91$0.82$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.82$0.07$0.75$0.77$0.79$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.82$0.06$0.76$0.76$0.65$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.08$0.65$0.74$0.62$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.60$0.08$0.52$0.72$0.59$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.47$0.07$0.40$0.68$0.61$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.08$0.33$0.69$0.70$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.41$0.07$0.34$0.68$0.84$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.57$0.07$0.51$0.65$0.65$0.00