Civic Intelligence

Kankakee County Economic Development Association

990 • Fiscal year 2019 • EIN 36-3316264

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 25, 2020

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

65th percentile

0.13x

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

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

59th percentile

0.10x

Higher debt load relative to revenue than 59% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Net Margin

68th percentile

18%

Higher net margin than 68% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

84th percentile

22%

Faster asset growth than 84% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2017 to 2019

Revenue Growth

49th percentile

1.9%

Faster revenue growth than 49% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$598,995

Up $131,992 (+28%) from 2018

Net Assets

Up

$523,646

Up $126,753 (+32%) from 2018

Liabilities

Up

$75,349

Up $5,239 (+7.5%) from 2018

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin68th percentile

Revenue

Up

$717,845

Up $36,524 (+5.4%) from 2018

Expenses

Down

$591,092

Down $23,051 (-3.8%) from 2018

Net Income

Up

$126,753

Up $59,575 (+89%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth84th 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

2019

Assets$598,995
Liabilities$75,349
Net Assets$523,646
Open 2019 Filing

Operations Trend

Revenue Growth49th 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

2019

Revenue$717,845
Expenses$591,092
Net Income$126,753
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 25, 2020
Return Version
2018v3.1
Gross Receipts
$717,845
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$395,838$538,249▲ $142,411
Land, Buildings, and Equipment, Net$66,207$60,446▼ $5,761
Accounts Receivable$4,958$300▼ $4,658
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$467,003$598,995▲ $131,992
Other Assets Total-$0-
Liabilities
Other Liabilities$62,191$61,222▼ $969
Accounts Payable and Accrued Expenses$2,158$8,193▲ $6,035
Deferred Revenue$5,761$5,934▲ $173
Total Liabilities$70,110$75,349▲ $5,239
Net Assets / Fund Balance
Unrestricted Net Assets$396,893$523,646▲ $126,753
Total Net Assets Fund Balance$396,893$523,646▲ $126,753
Total Liabilities and Net Assets / Fund Balance$467,003$598,995▲ $131,992

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$60,446$25,920$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
Andy WheelerDirector
Chris ShrideDirector
Jeff HammesDirector
Leonard TobeyDirector
Phillip KambicDirector
Michael O'GormanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$717,263
Investment Income
$582
Other Revenue
$0
Change in Net Assets
$126,753

Audited Revenue Reconciliation

Revenue per Audited Statements
$717,845
Total Revenue per Audited Statements
$717,845
Total Revenue per Form 990
$717,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$354,092
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$51,495$602-$52,097
Other Expenses$26,053--$26,053
Fees for Services Accounting-$10,800-$10,800
Depreciation Depletion$5,761--$5,761
Office Expenses-$1,295-$1,295
All Other Expenses-$317-$317
Travel-$133-$133
Fees for Services Legal$120--$120
Total Functional Expenses$577,945$13,147$0$591,092

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$591,092
Total Expenses per Audited Statements$591,092
Total Expenses per Form 990$591,092
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
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$39,832
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
2020-02-25
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
8
Independent Board Members
8
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.”

Raw XML AppendixShowing 400 of 461 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02158
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt08193
IRS990/AccountsReceivableGrp/BOYAmt04958
IRS990/AccountsReceivableGrp/EOYAmt0300
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Promotes industrial and commercial development through management of an industrial rental facility.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0317
IRS990/AllOtherExpensesGrp/TotalAmt0317
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Geoffrey Johns Associates
IRS990/BooksInCareOfDetail/PhoneNum08159390675
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 E Court St Suite 510
IRS990/BooksInCareOfDetail/USAddress/CityNm0Kankakee
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060901
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0395838
IRS990/CashNonInterestBearingGrp/EOYAmt0538249
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0true
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0237000
IRS990/CYInvestmentIncomeAmt0582
IRS990/CYOtherExpensesAmt0354092
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0717263
IRS990/CYRevenuesLessExpensesAmt0126753
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0591092
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0717845
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt05761
IRS990/DeferredRevenueGrp/EOYAmt05934
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt05761
IRS990/DepreciationDepletionGrp/TotalAmt05761
IRS990/Desc0Promotion and assistance with economic development in the leasing of real estate in Kankakee County.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0340945
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010800
IRS990/FeesForServicesAccountingGrp/TotalAmt010800
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0120
IRS990/FeesForServicesLegalGrp/TotalAmt0120
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt075000
IRS990/FeesForServicesManagementGrp/TotalAmt075000
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt015.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt27.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0Joe Franco
IRS990/Form990PartVIISectionAGrp/PersonNm1Pat Martin
IRS990/Form990PartVIISectionAGrp/PersonNm2Michael O'Gorman
IRS990/Form990PartVIISectionAGrp/PersonNm3Leonard Tobey
IRS990/Form990PartVIISectionAGrp/PersonNm4Andy Wheeler
IRS990/Form990PartVIISectionAGrp/PersonNm5Phillip Kambic
IRS990/Form990PartVIISectionAGrp/PersonNm6Chris Shride
IRS990/Form990PartVIISectionAGrp/PersonNm7Jeff Hammes
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0237000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0237000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0717845
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0602
IRS990/InsuranceGrp/ProgramServicesAmt051495
IRS990/InsuranceGrp/TotalAmt052097
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0582
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0582
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt030920
IRS990/LandBldgEquipBasisNetGrp/BOYAmt066207
IRS990/LandBldgEquipBasisNetGrp/EOYAmt060446
IRS990/LandBldgEquipCostOrOtherBssAmt091366
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Promotes industrial and commercial development through management of an industrial rental facility.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0396893
IRS990/NetAssetsOrFundBalancesEOYAmt0523646
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01295
IRS990/OfficeExpensesGrp/TotalAmt01295
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Rent Expense
IRS990/OtherExpensesGrp/Desc1Property Taxes
IRS990/OtherExpensesGrp/Desc2Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc3Telephone and utilities
IRS990/OtherExpensesGrp/ProgramServicesAmt0110241
IRS990/OtherExpensesGrp/ProgramServicesAmt139348
IRS990/OtherExpensesGrp/ProgramServicesAmt232927
IRS990/OtherExpensesGrp/ProgramServicesAmt326053
IRS990/OtherExpensesGrp/TotalAmt0110241
IRS990/OtherExpensesGrp/TotalAmt139348
IRS990/OtherExpensesGrp/TotalAmt232927
IRS990/OtherExpensesGrp/TotalAmt326053
IRS990/OtherLiabilitiesGrp/BOYAmt062191
IRS990/OtherLiabilitiesGrp/EOYAmt061222
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0Rental income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0717263
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0717263
IRS990/ProgSrvcAccomActy2Grp/Desc0Efforts to improve the economic climate of Kankakee County.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0237000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0237000
IRS990/PYInvestmentIncomeAmt0298
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0377143
IRS990/PYProgramServiceRevenueAmt0681023
IRS990/PYRevenuesLessExpensesAmt067178
IRS990/PYTotalExpensesAmt0614143
IRS990/PYTotalRevenueAmt0681321
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0126753
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/ExpensesSubtotalAmt0591092
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt060446
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt025920
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt086366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039832
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt121390
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrual for property taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security deposits
IRS990ScheduleD/RevenueSubtotalAmt0717845
IRS990ScheduleD/TotalBookValueLandBuildingsAmt060446
IRS990ScheduleD/TotalExpensesPerForm990Amt0591092
IRS990ScheduleD/TotalLiabilityAmt061222
IRS990ScheduleD/TotalRevenuePerForm990Amt0717845
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0717845
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0591092
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 $1,644 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/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0237000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Economic Alliance of Kankakee County Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0467003
IRS990/TotalAssetsEOYAmt0598995
IRS990/TotalAssetsGrp/BOYAmt0467003
IRS990/TotalAssetsGrp/EOYAmt0598995

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$598,995
Liabilities
$75,349
Net assets
$523,646
Revenue
$717,845
Expenses
$591,092
Net income
$126,753
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