Civic Intelligence

Lee County Industrial Dev Association

990 • Fiscal year 2023 • EIN 36-6050638

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 22, 2024

101 W 2nd St 301Dixon, IL 61021

(815) 626-1277

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

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

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

24th percentile

0.00x

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

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

8th percentile

-22%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Asset Growth

30th percentile

-3.0%

Faster asset growth than 30% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

94th percentile

74%

Faster revenue growth than 94% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$979,958

Down $30,519 (-3.0%) from 2022

Net Assets

Down

$979,958

Down $30,519 (-3.0%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$138,337

Up $58,739 (+74%) from 2022

Expenses

Up

$168,856

Up $118,436 (+235%) from 2022

Net Income

Down

-$30,519

Down $59,697 (-205%) from 2022

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

2023

Assets$979,958
Liabilities$0
Net Assets$979,958

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

2023

Revenue$138,337
Expenses$168,856
Net Income-$30,519
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 22, 2024
Return Version
2023v5.1
Gross Receipts
$138,337
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$899,440$868,921▼ $30,519
Savings and Temporary Cash Investments$764,664$734,145▼ $30,519
Land, Buildings, and Equipment, Net$245,813$245,813→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$111,037$111,037→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,010,477$979,958▼ $30,519
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,010,477$979,958▼ $30,519
Total Liabilities and Net Assets / Fund Balance$1,010,477$979,958▼ $30,519

Asset Categories

AssetBook ValueDepreciationBasis
Land$245,813--
Compensation and Service Providers

Board Members and Trustees

NameTitle
David SchreinerChairman
Tom DemmerPresident
Jeff StauterVice Chairman
Bob OlsonDirector
Chad WeigleDirector
Danny LanglossDirector
Geoffrey SmithDirector
Jeremy EnglundDirector
Kevin MarxDirector
Mary OrosDirector
Reed AkreDirector
Robert Lesage IiiDirector
Glen HughesSecretary
Rory SohnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$103,779
Program Service Revenue
$0
Investment Income
$21,232
Other Revenue
$13,326
All Other Contributions
$103,779
Change in Net Assets
$-30,519
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$168,856
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$150,645--$150,645
Insurance-$7,256-$7,256
Travel-$4,295-$4,295
Fees for Services Legal-$1,200-$1,200
Other Expenses-$305-$305
Office Expenses-$288-$288
Advertising-$52-$52
Total Functional Expenses$150,645$18,211$0$168,856
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 35% controlled entity
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
8156261277
Address
101 W 2ND ST 301, DIXON, IL 61021

Signing Officer

Name
Kevin Marx
Title
President
Phone
8156261277
Signed
2024-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Demmer
Formed
1960
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
403 EAST THIRD STREET, STERLING, IL 61081
Preparer
Justin R Van Zuiden CPA
Phone
8156261277
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEE COUNTY INDUSTRIAL DEV ASSOCIATION
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-22
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ReturnHeader/ReturnTs02024-08-27T10:17:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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