Civic Intelligence

Mchenry County Economic Development Foundation

990EZ • Fiscal year 2017 • EIN 47-3333210

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 15, 2018

Organization Profilehttp//www.mchenrycountyedc.com
620 Dakota StreetCrystal Lake, IL 60012

(815) 893-0895

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2017

Net Margin

50th percentile

3.3%

Higher net margin than 50% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

53rd percentile

4.0%

Faster asset growth than 53% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

15th percentile

-34%

Faster revenue growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$11,881

Up $454 (+4.0%) from 2016

Net Assets

Up

$11,881

Up $454 (+4.0%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin50th percentile

Revenue

Down

$13,876

Down $7,124 (-34%) from 2016

Expenses

Up

$13,422

Up $3,379 (+34%) from 2016

Net Income

Down

$454

Down $10,503 (-96%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$15K$10K$5.0K$0Assets 2015: $470Liabilities 2015: $02015Assets 2016: $11,427Liabilities 2016: $0Net Assets 2016: $11,4272016Assets 2017: $11,881Liabilities 2017: $0Net Assets 2017: $11,8812017Assets 2018: $3,647Liabilities 2018: $0Net Assets 2018: $3,6472018Assets 2019: $2,984Liabilities 2019: $0Net Assets 2019: $2,9842019Assets 2020: $2,906Liabilities 2020: $0Net Assets 2020: $2,9062020Assets 2021: $2,425Liabilities 2021: $0Net Assets 2021: $2,4252021Assets 2022: $1,852Liabilities 2022: $0Net Assets 2022: $1,8522022Assets 2023: $1,988Liabilities 2023: $0Net Assets 2023: $1,9882023

Highlighted filing

2017

Assets$11,881
Liabilities$0
Net Assets$11,881
Open 2017 Filing

Operations Trend

Revenue Growth15th percentile

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

$30K$20K$10K$0-$10KRevenue 2015: $4,500Expenses 2015: $4,030Net Income 2015: $4702015Revenue 2016: $21,000Expenses 2016: $10,043Net Income 2016: $10,9572016Revenue 2017: $13,876Expenses 2017: $13,422Net Income 2017: $4542017Revenue 2018: $4,500Expenses 2018: $12,734Net Income 2018: -$8,2342018Revenue 2019: $0Expenses 2019: $663Net Income 2019: -$6632019Revenue 2020: $32Expenses 2020: $110Net Income 2020: -$782020Revenue 2021: $29Expenses 2021: $510Net Income 2021: -$4812021Revenue 2022: $52Expenses 2022: $625Net Income 2022: -$5732022Revenue 2023: $146Expenses 2023: $10Net Income 2023: $1362023

Highlighted filing

2017

Revenue$13,876
Expenses$13,422
Net Income$454
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 15, 2018
Return Version
2017v2.3
Gross Receipts
$13,876
Mission and Program Overview

Mission

Education and outreach for workforce development

Education and outreach for workforce development.

Program Services

DescriptionGrantsExpenses
The Foundation provided funds to Harvard Community Schools to provide educational opportunites to prepare students for workforce opportunities$10,000$10,000
Charitable and educational programming specifically, to provide education and outreach for future workforce development and to foster practical workforce conditions for economic growth in the region.-$1,666
The Foundation is honored to provide a youth sponsorship for Leadership Greater McHenry County, as an opportunity to enhance community awareness and develop leadership skills$350$350
The Foundation helps to create student interest in science, math and technology by sponsoring the Crystal Lake Robotics competition.$250$250
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
David HubbardPresident-$0--
John KretchmerSecretary-$0--
Rich WenzelTreasurer-$0--
Will KnapikDirector-$0--
Filing and Contact Details

Filer

Filer Name
McHenry County Economic Development Foundation
EIN
47-3333210
Phone
8158930895
Address
620 Dakota Street, Crystal Lake, IL 60012

Signing Officer

Name
Rich Wenzel
Title
Treasurer
Phone
8158930895
Signed
2018-08-15
Discuss with paid preparer
Yes

Preparer

Firm
Nancy L Gonsiorek CPA LLC
Address
3720 Buckhorn Drive, Crystal Lake, IL 60012
Preparer
Nancy L Gonsiorek CPA LLC
Phone
8154559462
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part III, Line 31

“The Foundation helps to create student interest in science, math and technology by sponsoring the Crystal Lake Robotics competition. Grants and allocations 250, Program service expenses 250”

Form 990-EZ, Part I, Line 10, Grants Paid

“Activity Grant, Grantee Harvard Community School 401 N. Division St. Harvard IL 60033, Cash Grant 10,000, Relationship”

Form 990-EZ, Part I, Line 16, Other Expenses

“Administrative expense 95”

Form 990-EZ, Part I, Line 16, Other Expenses

“Grant research 595”

Form 990-EZ, Part I, Line 16, Other Expenses

“Marketing 932”

Raw XML Appendix145 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1The Foundation provided funds to Harvard Community Schools to provide educational opportunites to prepare students for workforce opportunities
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2The Foundation is honored to provide a youth sponsorship for Leadership Greater McHenry County, as an opportunity to enhance community awareness and develop leadership skills
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3The Foundation helps to create student interest in science, math and technology by sponsoring the Crystal Lake Robotics competition.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt010000
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt01666
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt110000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt2350
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt3250
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TotalRevenueAmt013876
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0http//www.mchenrycountyedc.com/
IRS990ScheduleA/First5Years170Ind0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt039376
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IRS990ScheduleA/PublicSupportCY170Pct00.00000
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IRS990ScheduleA/TotalSupportAmt039376
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Foundation helps to create student interest in science, math and technology by sponsoring the Crystal Lake Robotics competition. Grants and allocations 250, Program service expenses 250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity Grant, Grantee Harvard Community School 401 N. Division St. Harvard IL 60033, Cash Grant 10,000, Relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Administrative expense 95
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Grant research 595
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Marketing 932
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
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ReturnHeader/BusinessOfficerGrp/PhoneNum08158930895
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ReturnHeader/Filer/PhoneNum08158930895
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ReturnHeader/FilingSecurityInformation/IPTm014:39:39
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-08-15T08:56:43-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$11,881
Liabilities
$0
Net assets
$11,881
Revenue
$13,876
Expenses
$13,422
Net income
$454
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.15$0.01$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.85$0.00$1.85$0.05$0.63$0.57
2021Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$0.03$0.51$0.48
2020Detailed filing. Detailed filing data is available for this year.$2.91$0.00$2.91$0.03$0.11$0.08
2019Detailed filing. Detailed filing data is available for this year.$2.98$0.00$2.98$0.00$0.66$0.66
2018Detailed filing. Detailed filing data is available for this year.$3.65$0.00$3.65$4.50$12.7$8.23
2017Detailed filing. Detailed filing data is available for this year.$11.9$0.00$11.9$13.9$13.4$0.45
2016Detailed filing. Detailed filing data is available for this year.$11.4$0.00$11.4$21.0$10.0$11.0
2015Summary only. Only limited summary data is available for this year.$0.47$0.00$4.50$4.03$0.47