Liabilities / Assets
60th percentile
Higher debt load relative to assets than 60% of similar nonprofits.
990 • Fiscal year 2021 • EIN 36-3849857
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
60th percentile
Higher debt load relative to assets than 60% of similar nonprofits.
Liabilities / Revenue
49th percentile
Higher debt load relative to revenue than 49% of similar nonprofits.
Net Margin
46th percentile
Higher net margin than 46% of similar nonprofits.
Top Officer Pay
72nd percentile
Higher top officer pay than 72% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
86th percentile
Faster asset growth than 86% of similar nonprofits.
Revenue Growth
70th percentile
Faster revenue growth than 70% of similar nonprofits.
Assets
Up$71,248
Up $22,894 (+47%) from 2020
Net Assets
Up$69,354
Up $22,490 (+48%) from 2020
Liabilities
Up$1,894
Up $404 (+27%) from 2020
Revenue
Up$381,320
Up $75,505 (+25%) from 2020
Expenses
Up$358,830
Up $12,218 (+3.5%) from 2020
Net Income
Up$22,490
Up $63,287 (+155%) from 2020
TO PROMOTE THE ECONOMIC HEALTH OF McHENRY COUNTY, IL THROUGH RETENTION, EXPANSION AND ATTRACTION OF COMMERCE AND INDUSTRY WHICH IS CONDUCIVE TO AN OPTIMAL QUALITY OF LIFE FOR ITS CITIZEN
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $43,503 | $69,268 | ▲ $25,765 |
| Land, Buildings, and Equipment, Net | $4,851 | $1,980 | ▼ $2,871 |
| Savings and Temporary Cash Investments | - | $0 | - |
| 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 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $48,354 | $71,248 | ▲ $22,894 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Other Liabilities | $1,490 | $1,894 | ▲ $404 |
| Total Liabilities | $1,490 | $1,894 | ▲ $404 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $46,864 | $69,354 | ▲ $22,490 |
| Total Net Assets Fund Balance | $46,864 | $69,354 | ▲ $22,490 |
| Total Liabilities and Net Assets / Fund Balance | $48,354 | $71,248 | ▲ $22,894 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $1,980 | $23,561 | $25,541 |
| Name | Title |
|---|---|
| Brad Heldt | Chairman |
| JAMES McCONOUGHEY | President |
| Jim Ringness | Vice Chairman |
| Dave Johnson | Vice President |
| Colleen Roos | Director |
| David Overbeeke | Director |
| Dr Clinton Gabbard | Director |
| Heather Maieritsch | Director |
| JOHN McCANN | Director |
| Jeni Hallatt | Director |
| Jill Dinsmore | Director |
| Mary Margaret Maule | Director |
| Michael Skala | Director |
| Peter Austin | Director |
| Richard Mack | Director |
| Stephen Ballot | Secretary |
| Keith Hogan | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $253,835 |
| Other Expenses | $63,995 |
| Total Fundraising Expense | $30,481 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $96,523 | - | $20,035 | $116,558 |
| Current Officers, Directors, Trustees, and Key Employees | $85,418 | $27,723 | $3,263 | $116,404 |
| Benefits to Members | $41,000 | - | - | $41,000 |
| Payroll Taxes | $15,524 | $913 | $1,826 | $18,263 |
| Fees for Services Other | $12,505 | $2,219 | $486 | $15,209 |
| Occupancy | $9,380 | $552 | $1,104 | $11,036 |
| Information Technology | $6,317 | $902 | $1,805 | $9,024 |
| Advertising | $5,919 | $846 | $1,691 | $8,456 |
| Office Expenses | $3,631 | $3,631 | - | $7,262 |
| Depreciation Depletion | - | $2,871 | - | $2,871 |
| Insurance | - | $2,710 | - | $2,710 |
| Pension Plan Contributions | $2,219 | $131 | $260 | $2,610 |
| Fees for Services Accounting | - | $700 | - | $700 |
| Other Expenses | $1,825 | $454 | - | $454 |
| All Other Expenses | $243 | $190 | $11 | $444 |
| Travel | $243 | $172 | - | $415 |
| Conferences and Meetings | $388 | - | - | $388 |
| Total Functional Expenses | $283,702 | $44,648 | $30,481 | $358,830 |
| 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 | - |
| Liability | Amount |
|---|---|
| Credit Cards Payable | $1,894 |
“The Independent Accounting Firm provides the Presdient and Treasurer with a draft of the Form 990 to review. Barring any corrections, or after it is corrected, the final draft of the Form 990 is presented for approval to the Board of Directors at a regularly scheduled meeding. Once the approval of the Board is obtained, the Form 990 is submitted prior to the deadline.”
“All Board Members receive an orientation upon election to the board. This orientation includes a review of the Bylaws, Article VIII specifically addressing conflict of interest. It is understood that in order to make the MCEDC a strong and viable force, Corporate Board Members and Committee Members will consist of successful and prominent individuals in both the private and public sectors. As a result, it is understood that the appointee may now or in the future have an apparent conflict of interest with the stated purpose of the Corporation or the policies or recommendations thereof. Therefore, those Corporation Board members who feel that there may be a conflict in the Representation of a Client's interest on a particular issue being considered, while serving on the the Board or committee, shall inform all Corporation Board Members in writing of said Conflict and shall not take part in any vote on such matter which gives rise to said conflict.”
“The Officers of the Corporation meet to discuss salaries during the budget process. Organizational circumstances also may dictate adjustments, ie new responsibilities, change of responsibilities, etc. The officers have use of current industry standard wage, salary and benefit surveys for comparison and guidance.”
“The Officers of the Corporation meet to discuss salaries during the budget process. Organizational circumstances also may dictate adjustments, ie new responsibilities, change of responsibilities, etc. The officers have use of current industry standard wage, salary and benefit surveys for comparison and guidance.”
“No documents available to the public.”
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/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | TO PROMOTE THE ECONOMIC HEALTH OF McHENRY COUNTY, IL THROUGH RETENTION, EXPANSION AND ATTRACTION OF COMMERCE AND INDUSTRY WHICH IS CONDUCIVE TO AN OPTIMAL QUALITY OF LIFE FOR ITS CITIZEN |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 1691 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 846 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 5919 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 8456 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 11 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 190 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 243 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 444 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BenefitsToMembersGrp/ProgramServicesAmt | 0 | 41000 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 41000 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | JIM McCONOUGHEY |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8158930895 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 620 DAKOTA STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CRYSTAL LAKE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60012 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 43503 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 69268 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 3263 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 27723 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 85418 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 116404 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 388 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 388 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 41000 |
| IRS990/CYContributionsGrantsAmt | 0 | 298075 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 63995 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 83245 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 22490 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 253835 |
| IRS990/CYTotalExpensesAmt | 0 | 358830 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 30481 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 381320 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 2871 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 2871 |
| IRS990/Desc | 0 | PROMOTING ECONOMIC HEALTH OF McHENRY COUNTY THROUGH RETENTION, EXPANSION AND ATTACTION OF COMMERCE & INDUSTRY. FACILITATING AN ECONOMIC DEVELOPMENT STRUCTURE ENABLING THE COMMUNITY TO PROMOTE THE SAME GOOD FOR THEIR RESIDENTS. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 4 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 700 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 700 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 486 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 2219 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 12505 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 15209 |
| 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/AverageHoursPerWeekRltdOrgRt | 15 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 16 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 40.00 |
| 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/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 14 | 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/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| 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/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BRAD HELDT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | KEITH HOGAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JIM RINGNESS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | STEPHEN BALLOT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | PETER AUSTIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | RICHARD MACK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JOHN McCANN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JILL DINSMORE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | DAVID OVERBEEKE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | DR CLINTON GABBARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | JENI HALLATT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | COLLEEN ROOS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | HEATHER MAIERITSCH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | MARY MARGARET MAULE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | MICHAEL SKALA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | JAMES McCONOUGHEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | DAVE JOHNSON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| 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/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 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/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Vice Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | Vice President |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1992 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 17 |
| IRS990/GovernmentGrantsAmt | 0 | 206800 |
| 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 | 381320 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 17 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/FundraisingAmt | 0 | 1805 |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 902 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 6317 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 9024 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 2710 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 2710 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 23561 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 4851 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1980 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 25541 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembershipDuesAmt | 0 | 91275 |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | TO PROMOTE THE ECONOMIC HEALTH OF McHENRY COUNTY, IL THROUGH RETENTION, EXPANSION AND ATTRACTION OF COMMERCE AND INDUSTRY WHICH IS CONDUCIVE TO AN OPTIMAL QUALITY OF LIFE FOR ITS CITIZEN |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 46864 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 69354 |
| 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 | 46864 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 69354 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 1104 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 552 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 9380 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 11036 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 3631 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 3631 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 7262 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | EQUIPMENT LEASE |
| IRS990/OtherExpensesGrp/Desc | 1 | Dues & Memberships |
| IRS990/OtherExpensesGrp/Desc | 2 | AWARDS |
| IRS990/OtherExpensesGrp/Desc | 3 | Postage and Shipping |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 634 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 454 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 2567 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1825 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 2567 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 1825 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 634 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 454 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 1490 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 1894 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISC REVENUE |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 20035 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 96523 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 116558 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 1826 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 913 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 15524 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 18263 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 260 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 131 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 2219 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 2610 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | BRAD HELDT |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 541900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 541900 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | ANNUAL MEETING |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | CEO PEER GROUP |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 56245 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 27000 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 56245 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 27000 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 12465 |
| IRS990/PYContributionsGrantsAmt | 0 | 281365 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 68937 |
| IRS990/PYOtherRevenueAmt | 0 | 3000 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 21450 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -40797 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 265210 |
| IRS990/PYTotalExpensesAmt | 0 | 346612 |
| IRS990/PYTotalRevenueAmt | 0 | 305815 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 22490 |
| 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 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 1980 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 23561 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 25541 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 1894 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | CREDIT CARDS PAYABLE |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1980 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 1894 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Independent Accounting Firm provides the Presdient and Treasurer with a draft of the Form 990 to review. Barring any corrections, or after it is corrected, the final draft of the Form 990 is presented for approval to the Board of Directors at a regularly scheduled meeding. Once the approval of the Board is obtained, the Form 990 is submitted prior to the deadline. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | All Board Members receive an orientation upon election to the board. This orientation includes a review of the Bylaws, Article VIII specifically addressing conflict of interest. It is understood that in order to make the MCEDC a strong and viable force, Corporate Board Members and Committee Members will consist of successful and prominent individuals in both the private and public sectors. As a result, it is understood that the appointee may now or in the future have an apparent conflict of interest with the stated purpose of the Corporation or the policies or recommendations thereof. Therefore, those Corporation Board members who feel that there may be a conflict in the Representation of a Client's interest on a particular issue being considered, while serving on the the Board or committee, shall inform all Corporation Board Members in writing of said Conflict and shall not take part in any vote on such matter which gives rise to said conflict. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The Officers of the Corporation meet to discuss salaries during the budget process. Organizational circumstances also may dictate adjustments, ie new responsibilities, change of responsibilities, etc. The officers have use of current industry standard wage, salary and benefit surveys for comparison and guidance. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The Officers of the Corporation meet to discuss salaries during the budget process. Organizational circumstances also may dictate adjustments, ie new responsibilities, change of responsibilities, etc. The officers have use of current industry standard wage, salary and benefit surveys for comparison and guidance. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | No documents available to the public. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.
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