Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
60 people listed on the 990; $301K paid to officers and key staff.
Greg Bedalov’s $196K as President & CEO is at the 65th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Greg Bedalov | $195,914 | $194,135 | $198,385 | $196,699 | $54,039 |
| Lisa Micelli | — | — | — | — | $117,485 |
| Lisa Miceli | — | $108,854 | $112,625 | $113,736 | — |
| Arica Finney | $105,000 | — | — | — | — |
| John Carpenter | — | — | — | — | $65,861 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Promotes DuPage County, Illinois, as a premier global business location by creating jobs and enhancing the local business climate.
Questions for Dupagebiz Nfp
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Create jobs and enhance the business climate in and about the county of dupage, illinois.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $543K | $512K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $722K | $778K |
| LiabilitiesLn 26 | $214K | $264K |
| Net assetsLn 32 | $508K | $513K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $221K | |||
| Other salaries and wagesLn 7 | $354K | |||
| Pension plan contributionsLn 8 | $25K | |||
| Other employee benefitsLn 9 | $36K | |||
| Payroll taxesLn 10 | $40K | |||
| Accounting feesLn 11c | $27K | |||
| Other fees for servicesLn 11g | $310K | |||
| Advertising and promotionLn 12 | $289K | |||
| Office expensesLn 13 | $17K | |||
| Information technologyLn 14 | $21K | |||
| OccupancyLn 16 | $49K | |||
| TravelLn 17 | $7K | |||
| Conferences, conventions and meetingsLn 19 | $42K | |||
| InsuranceLn 23 | $3K | |||
| Other expenses (24a–d)Ln 24 | $2K | |||
| Total functional expensesLn 25 | $1.4M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.4M | $1.4M | $5K | $513K | 990 PDF |
| FY2023 | $1.2M | $1.3M | −$24K | $508K | 990 PDF |
| FY2022 | $845K | $864K | −$19K | $532K | 990 PDF |
| FY2021 | $1.1M | $1.1M | −$7K | $551K | 990 PDF |
| FY2020 | $1.6M | $1.5M | $146K | $558K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,449,482 revenue, 12 lines filed
Part VI · Governance 58 of 58 board members independent, no flags
Part VIII · Statement of revenue $1,449,482 across 7 lines filed
Part IX · Statement of functional expenses $1,444,009 across 15 lines filed
Part X · Balance sheet $777,924 assets, 15 lines filed
Part XI · Reconciliation of net assets $513,491 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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