Civic Intelligence

Dekalb County Economic Development Corporation

990 • Fiscal year 2018 • EIN 36-3524353

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 13, 2019

2179 Sycamore RoadDeKalb, IL 60115

(815) 895-2711

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.04x

Higher debt load relative to assets than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

29th percentile

-5.8%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

99th percentile

$135,325

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 33.9% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

34th percentile

-6.0%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

24th percentile

-20%

Faster revenue growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$295,451

Down $18,792 (-6.0%) from 2017

Net Assets

Down

$282,478

Down $19,792 (-6.5%) from 2017

Liabilities

Up

$12,973

Up $1,000 (+8.4%) from 2017

Revenue

Down

$398,816

Down $98,770 (-20%) from 2017

Expenses

Down

$421,923

Down $48,520 (-10%) from 2017

Net Income

Down

-$23,107

Down $50,250 (-185%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $210,029Liabilities 2011: $46,258Net Assets 2011: $163,7712011Assets 2012: $228,702Liabilities 2012: $41,118Net Assets 2012: $187,5842012Assets 2013: $311,551Liabilities 2013: $25,789Net Assets 2013: $285,7622013Assets 2014: $315,511Liabilities 2014: $32,344Net Assets 2014: $283,1672014Assets 2015: $332,562Liabilities 2015: $32,955Net Assets 2015: $299,6072015Assets 2016: $290,885Liabilities 2016: $15,758Net Assets 2016: $275,1272016Assets 2017: $314,243Liabilities 2017: $11,973Net Assets 2017: $302,2702017Assets 2018: $295,451Liabilities 2018: $12,973Net Assets 2018: $282,4782018Assets 2019: $328,357Liabilities 2019: $973Net Assets 2019: $327,3842019Assets 2020: $328,337Liabilities 2020: $642Net Assets 2020: $327,6952020Assets 2021: $494,025Liabilities 2021: $3,200Net Assets 2021: $490,8252021Assets 2022: $550,331Liabilities 2022: $94,995Net Assets 2022: $455,3362022Assets 2023: $555,770Liabilities 2023: $65,254Net Assets 2023: $490,5162023Assets 2024: $409,241Liabilities 2024: $56,814Net Assets 2024: $352,4272024

Highlighted filing

2018

Assets$295,451
Liabilities$12,973
Net Assets$282,478

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $303,8442011Expenses 2012: $333,5882012Revenue 2013: $492,014Expenses 2013: $393,836Net Income 2013: $98,1782013Revenue 2014: $423,800Expenses 2014: $426,395Net Income 2014: -$2,5952014Revenue 2015: $467,959Expenses 2015: $451,519Net Income 2015: $16,4402015Revenue 2016: $427,645Expenses 2016: $452,125Net Income 2016: -$24,4802016Revenue 2017: $497,586Expenses 2017: $470,443Net Income 2017: $27,1432017Revenue 2018: $398,816Expenses 2018: $421,923Net Income 2018: -$23,1072018Revenue 2019: $518,479Expenses 2019: $477,974Net Income 2019: $40,5052019Revenue 2020: $499,364Expenses 2020: $501,722Net Income 2020: -$2,3582020Revenue 2021: $611,941Expenses 2021: $448,811Net Income 2021: $163,1302021Revenue 2022: $561,356Expenses 2022: $596,845Net Income 2022: -$35,4892022Revenue 2023: $647,753Expenses 2023: $612,573Net Income 2023: $35,1802023Revenue 2024: $522,313Expenses 2024: $660,402Net Income 2024: -$138,0892024

Highlighted filing

2018

Revenue$398,816
Expenses$421,923
Net Income-$23,107
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 13, 2019
Return Version
2018v3.1
Gross Receipts
$398,816
Mission and Program Overview

Mission

Promote and assist the growth and development of business in DeKalb County. Attract business and industry to the county, assist with workforce development, facilitate demographic research and plan educational activities.

Promote and assist the growth and development of business in DeKalb County, attract business and industry to DeKalb County, assist with workforce development, and facilitate demographic research and educational activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$90,012$77,782▼ $12,230
Land, Buildings, and Equipment, Net$10,172$8,454▼ $1,718
Pledges and Grants Receivable-$4,600-
Prepaid Expenses and Deferred Charges$1,050$471▼ $579
Accounts Receivable$12,690$35▼ $12,655
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$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$314,243$295,451▼ $18,792
Other Assets Total$200,319$204,109▲ $3,790
Liabilities
Grants Payable$10,973$10,973→ $0
Deferred Revenue$1,000$2,000▲ $1,000
Total Liabilities$11,973$12,973▲ $1,000
Net Assets / Fund Balance
Unrestricted Net Assets$302,270$282,478▼ $19,792
Total Net Assets Fund Balance$302,270$282,478▼ $19,792
Total Liabilities and Net Assets / Fund Balance$314,243$295,451▼ $18,792

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,454$33,182$41,636
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul BorekExecutive DirectorFT$135,325$135,325

Board Members and Trustees

NameTitle
Charles KaiserPresident
Robert C BarnesVice President
Anne Marie GauraDirector
Brian GregoryDirector
Cortney StrohackerDirector
Dan CurranDirector
Dan TemplinDirector
David PietrylaDirector
Dean PanettieriDirector
Donald G JonesDirector
Dr Laurie BorowiczDirector
Dr Lisa FreemanDirector
Gary EvansDirector
Gary HansonDirector
Greg MillburgDirector
Jarid FunderburgDirector
Jay AndersonDirector
Jennifer WalkerDirector
Jerry WahlstromDirector
Jim JamesDirector
Jim StoddardDirector
John F PappasDirector
John McCannDirector
Karen PletschDirector
Marc StraussDirector
Matt DuffyDirector
Mike CarpenterDirector
Paul CallighanDirector
Rose TremlDirector
Same WaltDirector
Sue ElsnerDirector
Tana KnetschDirector
Tom MatyaDirector
Troy DukesDirector
Mike MilanoSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$307,516
Program Service Revenue
$91,285
Investment Income
$10
Other Revenue
$5
All Other Contributions
$160,225
Change in Net Assets
$-23,107

Audited Revenue Reconciliation

Revenue per Audited Statements
$398,816
Revenue Not Reported on Form 990
$31,841
Total Revenue per Audited Statements
$430,657
Total Revenue per Form 990
$398,816
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$264,973
Other Expenses$156,950
Total Fundraising Expense$28,732
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$121,793$10,826$2,706$135,325
Other Salaries and Wages$77,185$10,081$10,081$97,347
Conferences and Meetings$27,267-$1,435$28,702
Advertising$17,853--$17,853
Payroll Taxes$14,746$1,581$981$17,308
Office Expenses$14,699$1,005$251$15,955
Pension Plan Contributions$12,838$1,345$810$14,993
All Other Expenses$5,850$70$599$6,519
Occupancy$6,000--$6,000
Depreciation Depletion$3,773$1,617-$5,390
Other Expenses$3,887-$973$4,860
Insurance$2,029$2,029-$4,058
Travel$3,152--$3,152
Fees for Services Other$295-$295$590
Total Functional Expenses$364,637$28,554$28,732$421,923

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$450,449
Expenses per Audited Statements$421,923
Total Expenses per Form 990$421,923
Expenses Not Reported on Form 990$28,526
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

A committee may suggest other persons to serve on the governing body and then they are voted on.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

There is a vote to accept new members, after the recommendation by the committee.

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is available for any member of the governing body to review.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The director meets with the executive board to discuss any issues. Other staff members may also meet the executive board.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Personnel committee review the employees performance-per the by laws.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Personnel committee reviews the employees performance-per the by laws.

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

Upon request - either by email, verbal or written

Filing and Contact Details

Filer

Filer Name
DeKalb County Economic Development
EIN
36-3524353
Phone
8158952711
Address
2179 Sycamore Road, DeKalb, IL 60115

Signing Officer

Name
Paul Borek
Title
Executive Director
Signed
2019-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Borek
Formed
1987
Legal Domicile
Il
Voting Board Members
35
Independent Board Members
35
Employees
4
Volunteers
101

Preparer

Firm
Il Nfp Audit and Tax Llp
Address
564 W RANDOLPH STREET SUITE 200, CHICAGO, IL 60661
Preparer
Abdullah Khan CPA
Phone
3129985500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is exempt from Federal and State income taxes under Section 501(c)(3) of the Internal Revenue Code, therefore, the financial statements do not include a provision for income taxes. The Organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The Organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by taxing authorities, based on the technical merits of the positions. The Organization has identified no significant income tax uncertainties. The Organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the IRS.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Charles Kaiser
IRS990/Form990PartVIISectionAGrp/PersonNm1Robert C Barnes
IRS990/Form990PartVIISectionAGrp/PersonNm2Mike Milano
IRS990/Form990PartVIISectionAGrp/PersonNm3Jay Anderson
IRS990/Form990PartVIISectionAGrp/PersonNm4Dr Laurie Borowicz
IRS990/Form990PartVIISectionAGrp/PersonNm5Paul Callighan
IRS990/Form990PartVIISectionAGrp/PersonNm6Mike Carpenter
IRS990/Form990PartVIISectionAGrp/PersonNm7Dan Curran
IRS990/Form990PartVIISectionAGrp/PersonNm8Matt Duffy
IRS990/Form990PartVIISectionAGrp/PersonNm9Troy Dukes
IRS990/Form990PartVIISectionAGrp/PersonNm10Sue Elsner
IRS990/Form990PartVIISectionAGrp/PersonNm11Gary Evans
IRS990/Form990PartVIISectionAGrp/PersonNm12Dr Lisa Freeman
IRS990/Form990PartVIISectionAGrp/PersonNm13Jarid Funderburg
IRS990/Form990PartVIISectionAGrp/PersonNm14Anne Marie Gaura
IRS990/Form990PartVIISectionAGrp/PersonNm15Brian Gregory
IRS990/Form990PartVIISectionAGrp/PersonNm16Gary Hanson
IRS990/Form990PartVIISectionAGrp/PersonNm17Jim James
IRS990/Form990PartVIISectionAGrp/PersonNm18Donald G Jones
IRS990/Form990PartVIISectionAGrp/PersonNm19Tana Knetsch
IRS990/Form990PartVIISectionAGrp/PersonNm20Tom Matya
IRS990/Form990PartVIISectionAGrp/PersonNm21John McCann
IRS990/Form990PartVIISectionAGrp/PersonNm22Greg Millburg
IRS990/Form990PartVIISectionAGrp/PersonNm23Dean Panettieri
IRS990/Form990PartVIISectionAGrp/PersonNm24John F Pappas
IRS990/Form990PartVIISectionAGrp/PersonNm25David Pietryla
IRS990/Form990PartVIISectionAGrp/PersonNm26Karen Pletsch
IRS990/Form990PartVIISectionAGrp/PersonNm27Jim Stoddard
IRS990/Form990PartVIISectionAGrp/PersonNm28Marc Strauss
IRS990/Form990PartVIISectionAGrp/PersonNm29Cortney Strohacker
IRS990/Form990PartVIISectionAGrp/PersonNm30Dan Templin
IRS990/Form990PartVIISectionAGrp/PersonNm31Rose Treml
IRS990/Form990PartVIISectionAGrp/PersonNm32Jerry Wahlstrom
IRS990/Form990PartVIISectionAGrp/PersonNm33Jennifer Walker
IRS990/Form990PartVIISectionAGrp/PersonNm34Same Walt
IRS990/Form990PartVIISectionAGrp/PersonNm35Paul Borek
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt32Director
IRS990/Form990PartVIISectionAGrp/TitleTxt33Director
IRS990/Form990PartVIISectionAGrp/TitleTxt34Director
IRS990/Form990PartVIISectionAGrp/TitleTxt35Executive Dir.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.09$0.57$3.52$5.22$6.60$1.38
2023Detailed filing. Detailed filing data is available for this year.$5.56$0.65$4.91$6.48$6.13$0.35
2022Detailed filing. Detailed filing data is available for this year.$5.50$0.95$4.55$5.61$5.97$0.35
2021Detailed filing. Detailed filing data is available for this year.$4.94$0.03$4.91$6.12$4.49$1.63
2020Detailed filing. Detailed filing data is available for this year.$3.28$0.01$3.28$4.99$5.02$0.02
2019Detailed filing. Detailed filing data is available for this year.$3.28$0.01$3.27$5.18$4.78$0.41
2018Detailed filing. Detailed filing data is available for this year.$2.95$0.13$2.82$3.99$4.22$0.23
2017Detailed filing. Detailed filing data is available for this year.$3.14$0.12$3.02$4.98$4.70$0.27
2016Detailed filing. Detailed filing data is available for this year.$2.91$0.16$2.75$4.28$4.52$0.24
2015Detailed filing. Detailed filing data is available for this year.$3.33$0.33$3.00$4.68$4.52$0.16
2014Detailed filing. Detailed filing data is available for this year.$3.16$0.32$2.83$4.24$4.26$0.03
2013Detailed filing. Detailed filing data is available for this year.$3.12$0.26$2.86$4.92$3.94$0.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.41$1.88$3.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.46$1.64$3.04