Civic Intelligence

Mattoon Area Industrial Development Corporation

990 • Fiscal year 2020 • EIN 37-1206627

Jan 01, 2020 to Dec 31, 2020 • Filed on May 12, 2021

Organization ProfileN/A
613 Broadway AvenueMattoon, IL 61938

(217) 235-4747

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.10x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

3rd percentile

-67%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

24th percentile

-4.2%

Faster asset growth than 24% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

7.4%

Faster revenue growth than 81% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$663,281

Down $29,014 (-4.2%) from 2019

Net Assets

Down

$658,788

Down $29,014 (-4.2%) from 2019

Liabilities

Flat

$4,493

Flat from 2019

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin3rd percentile

Revenue

Up

$43,271

Up $2,981 (+7.4%) from 2019

Expenses

Up

$72,285

Up $43,555 (+152%) from 2019

Net Income

Down

-$29,014

Down $40,574 (-351%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$1.0M$500K$0Assets 2010: $541,233Liabilities 2010: $8,218Net Assets 2010: $533,0152010Assets 2011: $513,557Liabilities 2011: $4,493Net Assets 2011: $509,0642011Assets 2012: $549,486Liabilities 2012: $4,493Net Assets 2012: $544,9932012Assets 2013: $585,517Liabilities 2013: $4,493Net Assets 2013: $581,0242013Assets 2014: $557,587Liabilities 2014: $4,493Net Assets 2014: $553,0942014Assets 2015: $593,090Liabilities 2015: $4,493Net Assets 2015: $588,5972015Assets 2017: $674,670Liabilities 2017: $4,493Net Assets 2017: $670,1772017Assets 2018: $680,735Liabilities 2018: $4,493Net Assets 2018: $676,2422018Assets 2019: $692,295Liabilities 2019: $4,493Net Assets 2019: $687,8022019Assets 2020: $663,281Liabilities 2020: $4,493Net Assets 2020: $658,7882020Assets 2021: $822,867Liabilities 2021: $0Net Assets 2021: $822,8672021

Highlighted filing

2020

Assets$663,281
Liabilities$4,493
Net Assets$658,788
Open 2020 Filing

Operations Trend

Revenue Growth81st percentile

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

$200K$150K$100K$50K$0-$50KExpenses 2010: $3,7002010Expenses 2011: $62,7652011Expenses 2012: $1,3852012Revenue 2013: $39,916Expenses 2013: $3,885Net Income 2013: $36,0312013Revenue 2014: $33,465Expenses 2014: $61,395Net Income 2014: -$27,9302014Revenue 2015: $38,388Expenses 2015: $2,885Net Income 2015: $35,5032015Revenue 2017: $42,851Expenses 2017: $66Net Income 2017: $42,7852017Revenue 2018: $33,441Expenses 2018: $27,376Net Income 2018: $6,0652018Revenue 2019: $40,290Expenses 2019: $28,730Net Income 2019: $11,5602019Revenue 2020: $43,271Expenses 2020: $72,285Net Income 2020: -$29,0142020Revenue 2021: $165,474Expenses 2021: $1,395Net Income 2021: $164,0792021

Highlighted filing

2020

Revenue$43,271
Expenses$72,285
Net Income-$29,014
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 12, 2021
Return Version
2020v4.1
Gross Receipts
$60,663
Mission and Program Overview

Mission

To encourage, promote, aid and assist the industrial and commercial economic welfare and growth of the city of mattoon, illinois and of the industries and businesses located in the city of mattoon.

Promote business and industrial growth in corporate limits of mattoon, illinois

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$687,802$658,788▼ $29,014
Savings and Temporary Cash Investments$350,458$329,340▼ $21,118
Land, Buildings, and Equipment, Net$173,860$172,503▼ $1,357
Cash and Non-Interest-Bearing Accounts$167,977$161,438▼ $6,539
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$692,295$663,281▼ $29,014
Liabilities
Deferred Revenue$4,493$4,493→ $0
Total Liabilities$4,493$4,493→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$687,802$658,788▼ $29,014
Total Liabilities and Net Assets / Fund Balance$692,295$663,281▼ $29,014

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$94,418$304,791-
Other Land Buildings$48,085$21,465-
Land$30,000--
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Steve GrissomPresident
Tony SparksVice President
Al VolkDirector
Bob GriersonDirector
John HedgesDirector
Matthew SmithDirector
Preston SmithDirector
Sandra GravenDirector
Ed DowdSecretary
Alex HagenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,156
Other Revenue
$39,115
Change in Net Assets
$-29,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$70,475
Other Expenses$1,810
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$70,475
Fees for Services Accounting---$1,800
Other Expenses---$10
Total Functional Expenses$0$0$0$72,285
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Anamet Electrical IncMattoon, IL-Ppe Grant$10,000
Curry Construction IncMattoon, IL-Ppe Grant$10,000
Justrite Safety GroupMattoon, IL-Ppe Grant$10,000
Mars PetcareMattoon, IL-Ppe Grant$10,000
Mattoon Precision ManufacturingMattoon, IL-Ppe Grant$10,000
Rural KingMattoon, IL-Ppe Grant$10,000
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 A, Line 2

“Steve grissom and tony sparks have a business relationship with one another.”

Form 990, Part VI, Section A, Line 8B

“There are not any committees within the organization. The organization has a board of directors that deal with all the operations of the organization.”

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

“The form 990 was prepared by the the treasurer, a partner in a local cpa firm. Once completed, the president reviewed the form and approved for processing. Once the final form 990 was completed, a copy was distributed to each member of the board of directors prior to the filing deadline and filing of the form 990.”

Form 990, Part VI, Section C, Line 19

“Governing documents and policies are available upon request. Financial statements are presented at each board meeting.”

Filing and Contact Details

Filer

Filer Name
Mattoon Area Industrial Development
EIN
37-1206627
Phone
2172354747
Address
613 BROADWAY AVENUE, MATTOON, IL 61938

Signing Officer

Name
Alex Hagen
Title
Treasurer
Phone
2172354747
Signed
2021-05-12

Organization Details

Principal Officer
Alex Hagen
Formed
1963
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0
Raw XML Appendix361 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0MATTOON AREA INDUSTRIAL DEVELOPMENT CORP (MAID) ACQUIRED AND REHABILITATED A BUILDING TO SUIT THE NEEDS OF A BLUE CROSS/BLUE SHIELD CLAIM PROCESSING CENTER. MAID FEELS THE PROJECT WAS INSTRUMENTAL IN SECURING AND RETAINING THE 100 PLUS JOBS AT THE FACILITY.AFTER 20 YEARS, MAID CONTINUES TO SUPPORT BLUE CROSS/BLUE SHIELD, AND CONTINUES TO ADDRESS THE EXPANSION OF THE CURRENT CENTER INTO A REGIONAL CENTER. THIS REGIONAL CENTER WILL BRING ADDITIONAL JOBS TO THE MATTOON COMMUNITY.MAID CONTINUES TO WORK CLOSELY WITH BLUE CROSS/BLUE SHIELD TO ASSURE THE COMPANY HAS GOOD EMPLOYEE RETENTION, THE FACILITY HAS PROPER REPAIRS WHEN NEEDED, AND THE FACILITY IS SUPPORTED TO MEET THE INCREASED POWER NEEDS FOR THE INCREASED COMPUTER USAGE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/MissionDesc0TO ENCOURAGE, PROMOTE, AID AND ASSIST THE INDUSTRIAL AND COMMERCIAL ECONOMIC WELFARE AND GROWTH OF THE CITY OF MATTOON, ILLINOIS AND OF THE INDUSTRIES AND BUSINESSES LOCATED IN THE CITY OF MATTOON.
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ANAMET ELECTRICAL INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3MATTOON PRECISION MANUFACTURING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4CURRY CONSTRUCTION INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5RURAL KING
IRS990ScheduleI/RecipientTable/RecipientEIN0431350515
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IL
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd061938
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd161938
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd261938
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IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STEVE GRISSOM AND TONY SPARKS HAVE A BUSINESS RELATIONSHIP WITH ONE ANOTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NOT ANY COMMITTEES WITHIN THE ORGANIZATION. THE ORGANIZATION HAS A BOARD OF DIRECTORS THAT DEAL WITH ALL THE OPERATIONS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS PREPARED BY THE THE TREASURER, A PARTNER IN A LOCAL CPA FIRM. ONCE COMPLETED, THE PRESIDENT REVIEWED THE FORM AND APPROVED FOR PROCESSING. ONCE THE FINAL FORM 990 WAS COMPLETED, A COPY WAS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO THE FILING DEADLINE AND FILING OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE PRESENTED AT EACH BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/VotingMembersIndependentCnt010
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IRS990/WhistleblowerPolicyInd00
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ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$663,281
Liabilities
$4,493
Net assets
$658,788
Revenue
$43,271
Expenses
$72,285
Net income
-$29,014
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.23$0.00$8.23$1.65$0.01$1.64
2020Detailed filing. Detailed filing data is available for this year.$6.63$0.04$6.59$0.43$0.72$0.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.92$0.04$6.88$0.40$0.29$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.81$0.04$6.76$0.33$0.27$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.75$0.04$6.70$0.43$0.00$0.43
2015Detailed filing. Detailed filing data is available for this year.$5.93$0.04$5.89$0.38$0.03$0.36
2014Detailed filing. Detailed filing data is available for this year.$5.58$0.04$5.53$0.33$0.61$0.28
2013Detailed filing. Detailed filing data is available for this year.$5.86$0.04$5.81$0.40$0.04$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$0.04$5.45$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.14$0.04$5.09$0.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.41$0.08$5.33$0.04