Civic Intelligence

Lee County Industrial Dev Association

990 • Fiscal year 2017 • EIN 36-6050638

Jan 01, 2017 to Dec 31, 2017 • Filed on May 25, 2018

101 West Second Street No 301Dixon, IL 61021

(815) 284-3361

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

9th percentile

0.00x

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

97th percentile

47%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

44th percentile

3.7%

Faster asset growth than 44% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-72%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,167,768

Up $41,274 (+3.7%) from 2016

Net Assets

Up

$1,167,768

Up $41,274 (+3.7%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$88,608

Down $225,718 (-72%) from 2016

Expenses

Down

$47,334

Down $134,628 (-74%) from 2016

Net Income

Down

$41,274

Down $91,090 (-69%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $541,732Liabilities 2012: $67,517Net Assets 2012: $474,2152012Assets 2013: $596,494Liabilities 2013: $67,517Net Assets 2013: $528,9772013Assets 2014: $633,374Liabilities 2014: $67,517Net Assets 2014: $565,8572014Assets 2015: $994,130Liabilities 2015: $0Net Assets 2015: $994,1302015Assets 2016: $1,126,494Liabilities 2016: $0Net Assets 2016: $1,126,4942016Assets 2017: $1,167,768Liabilities 2017: $0Net Assets 2017: $1,167,7682017Assets 2018: $1,069,895Liabilities 2018: $0Net Assets 2018: $1,069,8952018Assets 2019: $1,144,890Liabilities 2019: $0Net Assets 2019: $1,144,8902019Assets 2020: $958,118Liabilities 2020: $0Net Assets 2020: $958,1182020Assets 2021: $981,299Liabilities 2021: $0Net Assets 2021: $981,2992021Assets 2022: $1,010,477Liabilities 2022: $0Net Assets 2022: $1,010,4772022Assets 2023: $979,958Liabilities 2023: $0Net Assets 2023: $979,9582023Assets 2024: $1,107,106Liabilities 2024: $0Net Assets 2024: $1,107,1062024

Highlighted filing

2017

Assets$1,167,768
Liabilities$0
Net Assets$1,167,768

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2012: $103,9512012Revenue 2013: $163,398Expenses 2013: $108,636Net Income 2013: $54,7622013Revenue 2014: $147,764Expenses 2014: $110,884Net Income 2014: $36,8802014Revenue 2015: $611,019Expenses 2015: $182,746Net Income 2015: $428,2732015Revenue 2016: $314,326Expenses 2016: $181,962Net Income 2016: $132,3642016Revenue 2017: $88,608Expenses 2017: $47,334Net Income 2017: $41,2742017Revenue 2018: $82,350Expenses 2018: $180,240Net Income 2018: -$97,8902018Revenue 2019: $124,521Expenses 2019: $49,526Net Income 2019: $74,9952019Revenue 2020: $1,791Expenses 2020: $188,563Net Income 2020: -$186,7722020Revenue 2021: $105,053Expenses 2021: $81,872Net Income 2021: $23,1812021Revenue 2022: $79,598Expenses 2022: $50,420Net Income 2022: $29,1782022Revenue 2023: $138,337Expenses 2023: $168,856Net Income 2023: -$30,5192023Revenue 2024: $246,739Expenses 2024: $119,591Net Income 2024: $127,1482024

Highlighted filing

2017

Revenue$88,608
Expenses$47,334
Net Income$41,274
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 25, 2018
Return Version
2017v2.2
Gross Receipts
$88,608
Mission and Program Overview

Mission

To enhance the business climate of lee county, illinois and the surrounding region by encouraging industries to locate in the area.

The specific mission for which the lcida is organized is to promote, develop and facilitate industrial, commercial, and business enterprises in lee county, illinois, including aiding in the retention and expansion of business in lee county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,015,457$1,056,731▲ $41,274
Savings and Temporary Cash Investments$815,049$856,322▲ $41,273
Land, Buildings, and Equipment, Net$311,447$311,447→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$111,037$111,037→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Cash and Non-Interest-Bearing Accounts$-2$-1▲ $1
Total Assets$1,126,494$1,167,768▲ $41,274
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,126,494$1,167,768▲ $41,274
Total Liabilities and Net Assets / Fund Balance$1,126,494$1,167,768▲ $41,274

Asset Categories

AssetBook ValueDepreciationBasis
Land$311,447--
Compensation and Service Providers

Board Members and Trustees

NameTitle
David SchreinerCo-chairman
Gary R GehlbachCo-chairman
Danny LanglossPresident
Theresa WittenauerVice President
Arlan McclainDirector
Chad WeigleDirector
Chris HenkelDirector
Dan PayetteDirector
David BuchenDirector
David HellmichDirector
Jeff StauterDirector
Jim WentlingDirector
John BeanDirector
John NicholsonDirector
Li ArellanoDirector
Marilyn ShippertDirector
Robert Lesage IiiDirector
Ron SteenkenSecretary
Rory SohnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$42,694
Program Service Revenue
$0
Investment Income
$2,333
Other Revenue
$43,581
All Other Contributions
$42,694
Change in Net Assets
$41,274
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$47,334
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$32,000$61-$32,061
Travel-$3,500-$3,500
Insurance-$2,089-$2,089
Advertising-$350-$350
Other Expenses-$290-$290
All Other Expenses-$114-$114
Office Expenses-$32-$32
Total Functional Expenses$32,000$15,334$0$47,334
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 was reviewed with the chairman of the board.

Form 990, Part VI, Section C, Line 19

Governing documents, policies, and financial statements are available for review by the public upon request.

Filing and Contact Details

Filer

Filer Name
Lee County Industrial Dev Association
EIN
36-6050638
Phone
8152843361
Address
101 WEST SECOND STREET NO 301, DIXON, IL 61021

Signing Officer

Name
Gary Gehlbach
Title
Co-chairman
Phone
8152843361
Signed
2018-05-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Gehlbach
Formed
1960
Legal Domicile
Il
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
215 EAST FIRST STREET SUITE 200, DIXON, IL 61021
Preparer
Rory Sohn CPA
Phone
8153150854
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IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt095031
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0193281
IRS990/PYOtherExpensesAmt0181962
IRS990/PYOtherRevenueAmt026014
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0132364
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0181962
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0314326
IRS990/ReconcilationRevenueExpnssAmt041274
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt013246
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01056731
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0311447
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0311447
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED WITH THE CHAIRMAN OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW BY THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt01126494
IRS990/TotalAssetsGrp/EOYAmt01167768
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt032000
IRS990/TotalFunctionalExpensesGrp/TotalAmt047334
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01126494
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01167768
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt032000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt013246
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt032668
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt088608
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01126494
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01167768
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03500
IRS990/TravelGrp/TotalAmt03500
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O EHRMANN GEHLBACH BADGER LEE
IRS990/USAddress/AddressLine2Txt0CONSIDINE LLC - 215 E 1ST ST
IRS990/USAddress/CityNm0DIXON
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061021
IRS990/VotingMembersGoverningBodyCnt019
IRS990/VotingMembersIndependentCnt019
IRS990/WebsiteAddressTxt0WWW.DIXONILLINOISCHAMBER.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY GEHLBACH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08152843361
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEE COUNTY INDUSTRIAL DEV ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0LEEC
ReturnHeader/Filer/EIN0366050638
ReturnHeader/Filer/PhoneNum08152843361
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 WEST SECOND STREET NO 301
ReturnHeader/Filer/USAddress/CityNm0DIXON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061021
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BE17D9E82AB74A2C284E789AADA02F1479E22897
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0199.168.71.26
ReturnHeader/FilingSecurityInformation/IPDt02018-05-25
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:54:41
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390758449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WIPFLI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0215 EAST FIRST STREET SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DIXON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061021
ReturnHeader/PreparerPersonGrp/PhoneNum08153150854
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RORY SOHN CPA
ReturnHeader/ReturnTs02018-06-14T11:43:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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