Civic Intelligence

Greater Waukegan Development Coalition

990 • Fiscal year 2022 • EIN 45-4807745

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 27, 2023

Organization Profilegreaterwaukegan.org
13 N Genesee StWaukegan, IL 60083

(847) 440-2021

Siviq Scores

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

Liabilities / Assets

99th percentile

2.87x

Higher debt load relative to assets than 99% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

5.93x

Higher debt load relative to revenue than 98% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

88th percentile

58%

Faster asset growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

32nd percentile

-5.0%

Faster revenue growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$553,171

Up $202,533 (+58%) from 2021

Net Assets

Down

-$1,035,641

Down $66,316 (-6.8%) from 2021

Liabilities

Up

$1,588,812

Up $268,849 (+20%) from 2021

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin13th percentile

Revenue

Down

$267,745

Down $14,181 (-5.0%) from 2021

Expenses

Down

$334,061

Down $82,583 (-20%) from 2021

Net Income

Up

-$66,316

Up $68,402 (+51%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2013: $686Liabilities 2013: $0Net Assets 2013: $6862013Assets 2014: $33,281Liabilities 2014: $50,000Net Assets 2014: -$16,7192014Assets 2015: $96,818Liabilities 2015: $190,166Net Assets 2015: -$93,3482015Assets 2016: $169,306Liabilities 2016: $527,981Net Assets 2016: -$358,6752016Assets 2017: $151,235Liabilities 2017: $1,038,5772017Assets 2018: $177,266Liabilities 2018: $1,184,171Net Assets 2018: -$1,006,9052018Assets 2019: $204,651Liabilities 2019: $1,312,152Net Assets 2019: -$1,107,5012019Assets 2020: $327,977Liabilities 2020: $1,406,874Net Assets 2020: -$1,078,8972020Assets 2021: $350,638Liabilities 2021: $1,319,963Net Assets 2021: -$969,3252021Assets 2022: $553,171Liabilities 2022: $1,588,812Net Assets 2022: -$1,035,6412022Assets 2023: $640,562Liabilities 2023: $1,582,236Net Assets 2023: -$941,6742023Assets 2024: $452,253Liabilities 2024: $1,481,733Net Assets 2024: -$1,029,4802024

Highlighted filing

2022

Assets$553,171
Liabilities$1,588,812
Net Assets-$1,035,641
Open 2022 Filing

Operations Trend

Revenue Growth32nd percentile

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

$1.0M$500K$0-$500K-$1.0MRevenue 2013: $22,348Expenses 2013: $21,662Net Income 2013: $6862013Revenue 2014: $34,940Expenses 2014: $52,345Net Income 2014: -$17,4052014Revenue 2015: $87,716Expenses 2015: $164,345Net Income 2015: -$76,6292015Revenue 2016: $11,223Expenses 2016: $276,550Net Income 2016: -$265,3272016Revenue 2017: $114,136Expenses 2017: $642,803Net Income 2017: -$528,6672017Revenue 2018: $289,817Expenses 2018: $565,628Net Income 2018: -$275,8112018Revenue 2019: $305,848Expenses 2019: $406,444Net Income 2019: -$100,5962019Revenue 2020: $223,636Expenses 2020: $195,033Net Income 2020: $28,6032020Revenue 2021: $281,926Expenses 2021: $416,644Net Income 2021: -$134,7182021Revenue 2022: $267,745Expenses 2022: $334,061Net Income 2022: -$66,3162022Revenue 2023: $746,640Expenses 2023: $652,673Net Income 2023: $93,9672023Revenue 2024: $457,278Expenses 2024: $585,864Net Income 2024: -$128,5862024

Highlighted filing

2022

Revenue$267,745
Expenses$334,061
Net Income-$66,316
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 27, 2023
Return Version
2021v4.0
Gross Receipts
$277,302
Mission and Program Overview

Mission

The greater waukegan development coalistion (gwdc) fosters economic development in challenged communities by supporting, incubating, nurturing or creating core businesses, pursuing transformative and innovative real estate development and utilizing foreign direct invewstment in revitalizing and re-energing commercial areas in the greater chicago region.

We strengthen communities through local entrepreneurship, transformative real estate development, and access to capital.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$972,644$735,826▼ $236,818
Cash and Non-Interest-Bearing Accounts$41,738$257,284▲ $215,546
Land, Buildings, and Equipment, Net$220,464$255,545▲ $35,081
Accounts Receivable$1,618$40,342▲ $38,724
Total Assets$350,638$553,171▲ $202,533
Other Assets Total$86,818$0▼ $86,818
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$809,800▲ $809,800
Other Liabilities$81,700--
Accounts Payable and Accrued Expenses$265,619$38,186▼ $227,433
Deferred Revenue$0$5,000▲ $5,000
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,319,963$1,588,812▲ $268,849
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-969,325$-1,035,641▼ $66,316
Total Net Assets Fund Balance$-969,325$-1,035,641▼ $66,316
Total Liabilities and Net Assets / Fund Balance$350,638$553,171▲ $202,533

Asset Categories

AssetBook ValueDepreciationBasis
Land$154,187-$154,187
Buildings$98,037$52,511$150,548
Equipment$3,321$6,299$9,620
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Michael EdgarPresident
Shai LothanSecretary
Caryn KahnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$260,547
Program Service Revenue
$12,850
Investment Income
$0
Other Revenue
$-5,652
All Other Contributions
$160,357
Change in Net Assets
$-66,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$215,879
Salaries, Compensation, and Employee Benefits$110,682
Total Fundraising Expense$17,580
Professional Fundraising Fees$7,500
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$83,680$10,331$9,298$103,309
Fees for Services Other$45,800$155-$45,955
Occupancy$35,453$3,082-$38,535
Fees for Services Legal$5,000$23,225-$28,225
Fees for Services Accounting-$25,710-$25,710
Advertising$18,965$2,969-$21,934
Depreciation Depletion$12,603--$12,603
Office Expenses$7,920$1,466$43$9,429
Information Technology$8,350$681-$9,031
Other Expenses$7,827$0$0$7,827
Fees for Services Professional Fundraising--$7,500$7,500
Payroll Taxes$5,972$737$664$7,373
Conferences and Meetings$5,822$825-$6,647
Travel$3,293$1,508-$4,801
Insurance-$4,771-$4,771
Total Functional Expenses$240,976$75,505$17,580$334,061
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,557
Professional Fundraising Fees$7,500
Fundraising Gross Income$3,905
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$972,644$735,826▼ $236,818
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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 8A

“There was very little activity in the organization and meetings were not regularly held or documented throughout the entirety of the 2021 tax year.”

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

“The organization's governing body does not have any committees.”

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

“A full copy of the 990 is reviewed and approved by the board of directors prior to filing with the Internal Revenue Service”

Form 990, Part VI, Section B, Line 12C

“The organization's conflict of interest policy covers all interested persons, which includes any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest. An interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Greater Waukegan Development Coalition
EIN
45-4807745
Phone
8474402021
Address
13 N Genesee St, Waukegan, IL 60083

Signing Officer

Name
Shai Lothan
Title
Secretary
Phone
8474402021
Signed
2023-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shai Lothan
Formed
2012
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
2
Employees
6
Volunteers
25

Preparer

Firm
100 Degrees Consulting
Address
POB 222, Clarence Center, NY 14032
Preparer
Stephanie Skryzowski
Phone
2034999774
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“GWDC split the program previously known as Innovates into two programs: the program related to their facility continues to be called Innovates and a new organizational development program designs new initiatives to improve the Greater Waukegan economy.”

Form 990, Part IX, Line 11G

“Other services include: Program Technical Assistance: 32,663; Speaker Fees: 400; Design: 12,891”

Raw XML AppendixShowing 400 of 489 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/Desc0Program/Organizational Development: This program designs new initiatives to improve the Greater Waukegan economy and also works to continually improve the Greater Waukegan Development Coalition, as an organization. Key accomplishments this year included developing the Community Contracting and Business Incubator initiatives (within the Small Business Support Program) and hiring new staff, including program staff to support the Small Business and Celebrates programs and a grant writer to support fundraising.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Caryn Kahn
IRS990/Form990PartVIISectionAGrp/PersonNm2Shai Lothan
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
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IRS990/MissionDesc0The Greater Waukegan Development Coalition (GWDC) fosters economic development in challenged communities by supporting, incubating, nurturing or creating core businesses, pursuing transformative and innovative real estate development and utilizing foreign direct investment in revitalizing and re-energizing commercial areas in the greater Chicago region.
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IRS990/ProgSrvcAccomActy2Grp/Desc0SelectChicago - Helps local businesses and economies grow through partnerships with foreign companies and capital from foreign investors in collaboration with communities in the Greater Chicago region.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Innovates: The GWDC Facility is a remodeled, repurposed 8,000 square foot former police sub-station in downtown Waukegan containing conference/training rooms, meeting spaces, and state-of-the-art networking and telecommunications systems. This facility currently serves as an economic development center. In this fiscal year, it housed all of GWDC's programs, as well as office space that was rented out (at an affordable rate) or donated to local nonprofits and small businesses.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt034732
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt04700
IRS990/ProgSrvcAccomActyOtherGrp/Desc0GWDC Celebrates - A series of multicultural festivals and events that bring residents together to celebrate, build community, and enjoy local downtown and waterfront spaces. Due to the ongoing COVID-19 pandemic, in-person events were not held during the 2021 tax year.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Ray Bradbury Experience Museum - An experiential museum dedicated to hometown author Ray Bradbury. Programming centers on Ray Bradbury's roots in Waukegan, his role in shaping the 20th century, and his vision for a better future.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2GWDC Develops - Initiates, Supports, Promotes real estate development projects with the potential to serve as a catalyst for advancing redevelopment efforts and for investments into underserved and distressed communities. There were no current opportunities for this program during the 2021 tax year
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt024405
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt113362
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt20
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt10
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt20
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt10
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt20
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0271926
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0416644
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt010000
IRS990/PYRevenuesLessExpensesAmt0-134718
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0416644
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0281926
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-66316
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0150000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0200000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0100000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0550000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0264797
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0271926
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0147415
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0100032
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0107256
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0891426
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt012850
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt076221
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0205816
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0182561
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0487448
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt03905
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt03905
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.60225
IRS990ScheduleA/PublicSupportPY509Pct00.65113
IRS990ScheduleA/PublicSupportTotal509Amt0832779
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0150000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0200000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0100000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0550000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0281552
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0281926
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0223636
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0305848
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0289817
IRS990ScheduleA/Total509Grp/TotalAmt01382779
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0281552
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0281926
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0223636
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0305848
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0289817
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01382779
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt098037
IRS990ScheduleD/BuildingsGrp/DepreciationAmt052511
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0150548
IRS990ScheduleD/EquipmentGrp/BookValueAmt03321
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06299
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09620
IRS990ScheduleD/LandGrp/BookValueAmt0154187
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0154187
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0255545
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0735826
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0Nahtol LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Operating
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01272644
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Partner of Nahtol LLC is GWDC Board Secretary
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0(A) NAME OF PERSON: NATHOL, LLC (B) RELATIONSHIP WITH ORGANIZATION: PARTNER OF NAHTOL LLC IS THE GWDC BOARD SECRETARY (C) PURPOSE OF LOAN: OPERATING
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part II
IRS990ScheduleL/TotalBalanceDueAmt0735826
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GWDC split the program previously known as Innovates into two programs: the program related to their facility continues to be called Innovates and a new organizational development program designs new initiatives to improve the Greater Waukegan economy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There was very little activity in the organization and meetings were not regularly held or documented throughout the entirety of the 2021 tax year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's governing body does not have any committees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A full copy of the 990 is reviewed and approved by the board of directors prior to filing with the Internal Revenue Service
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization's conflict of interest policy covers all interested persons, which includes any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest. An interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other services include: Program Technical Assistance: 32,663; Speaker Fees: 400; Design: 12,891
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$553,171
Liabilities
$1,588,812
Net assets
-$1,035,641
Revenue
$267,745
Expenses
$334,061
Net income
-$66,316
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.45$1.48$1.03$0.46$0.59$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.64$1.58$0.94$0.75$0.65$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.55$1.59$1.04$0.27$0.33$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.35$1.32$0.97$0.28$0.42$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.33$1.41$1.08$0.22$0.20$0.03
2019Summary only. Only limited summary data is available for this year.$0.20$1.31$1.11$0.31$0.41$0.10
2018Summary only. Only limited summary data is available for this year.$0.18$1.18$1.01$0.29$0.57$0.28
2017Summary only. Only limited summary data is available for this year.$0.15$1.04$0.11$0.64$0.53
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.53$0.36$0.01$0.28$0.27
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.19$0.09$0.09$0.16$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.05$0.02$0.03$0.05$0.02
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.02$0.02$0.00