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Dewitt County Development Council EIN 32-0232345

Dewitt County Development Council FY2023 filing

EIN  32-0232345 Public charity (501(c)(3)) Clinton, IL
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Boosts local economy by helping businesses start, grow, and stay in DeWitt County.
Leadership
Curt Homann · Executive Dir. · $32K
Money in and out
$32K revenue, $58K expenses
Bottom line
86% program efficiency

Boosts local economy by helping businesses start, grow, and stay in DeWitt County. For fiscal year 2023 it reported $32K in revenue, $58K in expenses, and $223K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$32K
Pt VIII · Ln 12
Total expenses
$58K
Pt IX · Ln 25
Net assets
$223K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$26K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs
Operating runway
38.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-80%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$32K
FY2023▲ +3%
Expenses
$58K
FY2023▲ +48%
Total assets
$223K
FY2023▼ -10%
Total liabilities
$626
FY2023▼ -34%
Total revenue
$32K
Pt VIII · Ln 12
Total expenses
$58K
Pt IX · Ln 25
Net assets
$223K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$26K
Total assetsPt X · Ln 16$223K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $50K of program spending, described in the organization's own filed words · FY2022.
01

Worked with existing businesses on retention and expansion and start up businesses via conferences, expos, luncheons, websites, social media, phone calls, emails and meetings.

$19Kprogram expense
02

Marketed the county to developers and entrepreneurs via conferences, expos, luncheons, websites, social media, phone calls, emails and meetings.

$19Kprogram expense
03

Offered resources for businesses such as DCDC revolving loan fund (RLF) designed to provide gap financing for existing or start-up businesses.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDewitt County Development Council
EINHdr · item D32-0232345
Principal addressHdr · item CClinton, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFJun 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Curt Homann
Executive Dir.
$32,500Pt VII · Sec A
$0Pt VII · Sec A
Scott Baum
Director
$0Pt VII · Sec A
Nan Crang
Director
$0Pt VII · Sec A
Megan Myers
Director
$0Pt VII · Sec A
Joe Witte
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Curt Homann’s $42K as Executive Dir. is at the 82nd percentile of top reported officer pay among 167 <$100K 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Curt Homann$42,470$35,450$32,500——
Curtis Homann———$16,250—
Elizabeth Foulks————$610

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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Statement of Revenue

Part VIII
Contributions & grants$31K · 96%
Investment income$1K · 4%
Contributions & grants96%$31K
Investment income4%$1K
Total revenueLn 12$32K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$50K
Management & general14%$8K
Total functional expensesLn 25$58K

Balance Sheet

Part X · end of year
CashLn 1$187K
Total assetsLn 16$223K
Total liabilitiesLn 26$626
Total net assetsLn 32$223K
Months of cash on handcomputed38.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $187K · Operating expenses/yr $58K
38.7 months
Where the money goes
Program services
Program services $50K · Total expenses $58K
86%
Management & General
Management & general $8K · Total expenses $58K
14%
Fundraising
Fundraising $0 · Total expenses $58K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $32K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $31K · Total revenue $32K
96%
Government reliance
Government grants — · Total revenue $32K
—
Earned-income share
Program service revenue $0 · Total revenue $32K
0%
Investment reliance
Investment income $1K · Total revenue $32K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $58K
0%
Growth & trend
Revenue growth (YoY)
This year $32K · Prior year $31K
+3%
Net-asset trend (YoY)
End of year $223K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $32K · Expenses $58K
-80%
Liabilities-to-Assets
Total liabilities — · Total assets $223K
—
Net-asset ratio
Net assets $223K · Total assets $223K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $223K
0%
People & payroll
Highest Reported Total Compensation
Individual Curt Homann · Reported title Executive Dir. · Highest reported compensation $32K · Total expenses $58K
56%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $35K · Total expenses $58K
60%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 14%——
Fundraising cost ratio 0%——
Revenue growth 3%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 2%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 8 grants · $85K · 2020–2024
Eagle Theater CorpFY2024$8,000
Unitemized GrantFY2024$7,000
C&p Custom Printing INCFY2023$7,000
Unitemized GrantFY2023$6,000
Unitemized GrantFY2022$16,642
Unitemized GrantFY2021$15,000
Unitemized GrantFY2020$18,000
Magill Restoration CentreFY2020$7,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$46K revenue · ⤓ 990 PDF
FY2024$77K revenue · ⤓ 990 PDF
FY2023$32K revenue · viewing · ⤓ 990 PDF
FY2022$31K revenue · ⤓ 990 PDF
FY2021$34K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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