Civic Intelligence

Bloomington Normal Economic Development Council

990 • Fiscal year 2017 • EIN 37-1169886

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 27, 2018

Organization ProfileWWW.BNBIZ.ORG
200 West College AvenueNormal, IL 61761

(309) 452-8437

Siviq Scores

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

Liabilities / Assets

57th percentile

0.12x

Higher debt load relative to assets than 57% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

53rd percentile

0.07x

Higher debt load relative to revenue than 53% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

9th percentile

-14%

Higher net margin than 9% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$173,015

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 21.2% of source-year revenue.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

10th percentile

-16%

Faster asset growth than 10% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

83rd percentile

20%

Faster revenue growth than 83% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$516,471

Down $101,633 (-16%) from 2016

Net Assets

Down

$455,738

Down $116,322 (-20%) from 2016

Liabilities

Up

$60,733

Up $14,689 (+32%) from 2016

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin9th percentile

Revenue

Up

$816,043

Up $136,583 (+20%) from 2016

Expenses

Down

$932,365

Down $73,958 (-7.3%) from 2016

Net Income

Up

-$116,322

Up $210,541 (+64%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,503,977Liabilities 2011: $21,408Net Assets 2011: $1,482,5692011Assets 2012: $1,827,802Liabilities 2012: $18,434Net Assets 2012: $1,809,3682012Assets 2013: $1,669,671Liabilities 2013: $28,104Net Assets 2013: $1,641,5672013Assets 2014: $1,252,197Liabilities 2014: $54,955Net Assets 2014: $1,197,2422014Assets 2015: $985,944Liabilities 2015: $87,021Net Assets 2015: $898,9232015Assets 2016: $618,104Liabilities 2016: $46,044Net Assets 2016: $572,0602016Assets 2017: $516,471Liabilities 2017: $60,733Net Assets 2017: $455,7382017Assets 2018: $669,930Liabilities 2018: $28,403Net Assets 2018: $641,5272018Assets 2019: $748,269Liabilities 2019: $36,509Net Assets 2019: $711,7602019Assets 2020: $1,197,082Liabilities 2020: $49,334Net Assets 2020: $1,147,7482020Assets 2021: $1,349,335Liabilities 2021: $49,326Net Assets 2021: $1,300,0092021Assets 2022: $1,341,348Liabilities 2022: $131,466Net Assets 2022: $1,209,8822022Assets 2023: $1,057,647Liabilities 2023: $150,741Net Assets 2023: $906,9062023Assets 2024: $889,820Liabilities 2024: $194,694Net Assets 2024: $695,1262024

Highlighted filing

2017

Assets$516,471
Liabilities$60,733
Net Assets$455,738
Open 2017 Filing

Operations Trend

Revenue Growth83rd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $924,3162011Expenses 2012: $701,5672012Revenue 2013: $522,389Expenses 2013: $690,190Net Income 2013: -$167,8012013Revenue 2014: $492,409Expenses 2014: $936,734Net Income 2014: -$444,3252014Revenue 2015: $549,601Expenses 2015: $847,920Net Income 2015: -$298,3192015Revenue 2016: $679,460Expenses 2016: $1,006,323Net Income 2016: -$326,8632016Revenue 2017: $816,043Expenses 2017: $932,365Net Income 2017: -$116,3222017Revenue 2018: $1,025,901Expenses 2018: $840,112Net Income 2018: $185,7892018Revenue 2019: $808,001Expenses 2019: $737,768Net Income 2019: $70,2332019Revenue 2020: $1,149,476Expenses 2020: $713,488Net Income 2020: $435,9882020Revenue 2021: $930,075Expenses 2021: $777,817Net Income 2021: $152,2582021Revenue 2022: $981,896Expenses 2022: $1,072,023Net Income 2022: -$90,1272022Revenue 2023: $742,304Expenses 2023: $1,056,780Net Income 2023: -$314,4762023Revenue 2024: $1,063,313Expenses 2024: $1,275,093Net Income 2024: -$211,7802024

Highlighted filing

2017

Revenue$816,043
Expenses$932,365
Net Income-$116,322
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 27, 2018
Return Version
2017v2.2
Gross Receipts
$816,043
Mission and Program Overview

Mission

The economic development council helps businesses in mclean county grow and attracts new business to the community. The edc is a leadership organization, investing in the community's assets to grow and improve the prosperity and quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$576,999$500,680▼ $76,319
Pledges and Grants Receivable$15,500$0▼ $15,500
Land, Buildings, and Equipment, Net$12,332$7,705▼ $4,627
Prepaid Expenses and Deferred Charges$13,273$2,898▼ $10,375
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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$618,104$516,471▼ $101,633
Other Assets Total-$5,188-
Liabilities
Accounts Payable and Accrued Expenses$44,544$58,233▲ $13,689
Deferred Revenue$1,500$2,500▲ $1,000
Total Liabilities$46,044$60,733▲ $14,689
Net Assets / Fund Balance
Unrestricted Net Assets$572,060$455,738▼ $116,322
Total Net Assets Fund Balance$572,060$455,738▼ $116,322
Total Liabilities and Net Assets / Fund Balance$618,104$516,471▼ $101,633

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,793$48,918$52,711
Equipment$3,912$39,363$43,275
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kyle HamCEOFT$141,750$31,265$173,015

Board Members and Trustees

NameTitle
Mary Bennett HenrichsChairman
Jared HallVice Chair
Aaron QuickBoard Member
Amelia BuragasBoard Member
Bill LawrenceBoard Member
Bill WassonBoard Member
Carlo RobustelliBoard Member
David HalesBoard Member
Eric JensenBoard Member
Jeff FritzenBoard Member
Jeff LynchBoard Member
John HesseBoard Member
Leann SealBoard Member
Mark PetersonBoard Member
Nick GrojeanBoard Member
Tom GoodBoard Member
Tony PennBoard Member
Greg CookSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$659,711
Program Service Revenue
$96,474
Investment Income
$458
Other Revenue
$59,400
All Other Contributions
$659,711
Change in Net Assets
$-116,322

Audited Revenue Reconciliation

Revenue per Audited Statements
$816,043
Total Revenue per Audited Statements
$816,043
Total Revenue per Form 990
$816,043
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$579,874
Other Expenses$352,491
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$202,837$106,700-$309,537
Current Officers, Directors, Trustees, and Key Employees$137,768$35,247-$173,015
Conferences and Meetings$54,875$18,291-$73,166
Other Employee Benefits$44,172$19,805-$63,977
Occupancy$49,606$8,754-$58,360
Travel$31,132$7,783-$38,915
Payroll Taxes$22,984$10,361-$33,345
All Other Expenses$16,068$1,936-$18,004
Other Expenses$11,601$2,047-$13,648
Fees for Services Accounting$10,446$1,844-$12,290
Depreciation Depletion$4,489$792-$5,281
Insurance$3,101$547-$3,648
Office Expenses$2,468$435-$2,903
Total Functional Expenses$705,103$227,262$0$932,365

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$932,365
Total Expenses per Audited Statements$932,365
Total Expenses per Form 990$932,365
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-
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“990 is provided to the board of directors for approval prior to filing”

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

“Ceo salary determined by the board of directors' executive committee based on comparability data. This review takes place annually.”

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

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Bloomington Normal Economic
EIN
37-1169886
Phone
3094528437
Address
200 WEST COLLEGE AVENUE, NORMAL, IL 61761

Signing Officer

Name
Kyle Ham
Title
CEO
Signed
2018-04-27
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
15
Independent Board Members
15
Employees
6

Preparer

Firm
Sulaski and Webb Cpas
Address
207 W Jefferson Ste 203, Bloomington, IL 61701
Preparer
Mary Ann Webb
Phone
3098286071
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IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
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IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt08754
IRS990/OccupancyGrp/ProgramServicesAmt049606
IRS990/OccupancyGrp/TotalAmt058360
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0435
IRS990/OfficeExpensesGrp/ProgramServicesAmt02468
IRS990/OfficeExpensesGrp/TotalAmt02903
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
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IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019805
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt044172
IRS990/OtherEmployeeBenefitsGrp/TotalAmt063977
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IRS990/OtherExpensesGrp/TotalAmt218598
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$516,471
Liabilities
$60,733
Net assets
$455,738
Revenue
$816,043
Expenses
$932,365
Net income
-$116,322
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.19$0.70$1.06$1.28$0.21
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.15$0.91$0.74$1.06$0.31
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.13$1.21$0.98$1.07$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.05$1.30$0.93$0.78$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.05$1.15$1.15$0.71$0.44
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.04$0.71$0.81$0.74$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.03$0.64$1.03$0.84$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.52$0.06$0.46$0.82$0.93$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.05$0.57$0.68$1.01$0.33
2015Detailed filing. Detailed filing data is available for this year.$0.99$0.09$0.90$0.55$0.85$0.30
2014Detailed filing. Detailed filing data is available for this year.$1.25$0.05$1.20$0.49$0.94$0.44
2013Detailed filing. Detailed filing data is available for this year.$1.67$0.03$1.64$0.52$0.69$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.02$1.81$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.02$1.48$0.92