Milestone INC EIN 36-2769801 Form 990 (PDF) Claim this org

Milestone INC FY2022 filing

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Supports individuals with developmental disabilities. For fiscal year 2022 it reported $36.7M in revenue, $33.4M in expenses, and $16.6M in net assets.Pt I

Founded
1973
Type
Public charity (501(c)(3)) · Human Services
Location
Loves Park, IL
Website
www.milestone-inc-il.org
Filings
6 on file (2020–2022)
Revenue
$36.7MFY2022
Expenses
$33.4M
Net assets
$16.6M
People
19
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-2769801 Public charity (501(c)(3)) Loves Park, IL Founded 1973
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/6/26 · see original: IRS
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Size
$10–100M
What they do
Supports individuals with developmental disabilities.
Leadership
Shawn Way · President and CEO · $193K
Money in and out
$36.7M revenue, $33.4M expenses
Where the money goes · FY2022
Total revenue
$36.7M
Pt VIII · Ln 12
Total expenses
$33.4M
Pt IX · Ln 25
Net assets
$16.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.3M
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08 Fundraising $0.00

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$36.7M
FY2022▲ +8%
Expenses
$33.4M
FY2022▲ +9%
Total assets
$20.9M
FY2022▼ -10%
Total liabilities
$4.3M
FY2022▼ -57%
Total revenue
$36.7M
Pt VIII · Ln 12
Total expenses
$33.4M
Pt IX · Ln 25
Net assets
$16.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.3M
Total assetsPt X · Ln 16$20.9M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $30.8M of program spending, described in the organization's own filed words · FY2021.
01

Residential Facilities

Milestone has 31 residential group homes for adults with developmental disabilities throughout the greater rockford area. Each individual actively takes part in the day to day activities of cleaning, cooking, shopping, along with a wide variety of recreational activities.

$27.3Mprogram expense
02

Training centers facilities which provides educational, vocational and recreational activities for the residents. Milestone provides developmental training ranging from self-care and social skills to educational and vocational skills to adults with both physical and developmental disabilities.

$3.0Mprogram expense
03

Dental program- provides comprehensive preventative and general dentistry individually designed for each adult and child with developmental disabilities from 32 counties in illinois. Individuals of any age with developmental disabilities are eligible for services.

$483Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMilestone INC
EINHdr · item D36-2769801
Principal addressHdr · item CLoves Park, IL
WebsiteHdr · item Jwww.milestone-inc-il.org
Year of formationHdr · item L1973
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P82Z)
Ruling yearIRS BMFSep 1973

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President and CEO
$192,983Pt VII · Sec A
$157,673Pt VII · Sec A
SVP, Program Services
$146,091Pt VII · Sec A
$129,978Pt VII · Sec A
$117,409Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

William Grahn’s $191K as President and CEO is at the 40th percentile of top reported officer pay among 3123 $10–100M human services 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael Shawn Way$264,434
Linda Craig-Ellis$170,972$217,962$161,866$129,978$130,207
Shawn Way Termed 070123$203,938
Shawn Way$192,983$169,805$171,030
William Grahn$190,621$174,580$135,010$146,091$129,922$121,122
Dr Michael Tadin$172,291$160,421$157,978$157,673$154,495$139,833
Sheffield Wiley$139,601
Lisa Munson$130,237$121,576$111,369$117,409$112,142$99,357

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$32.7M · 89%
Program service revenue$3.0M · 8%
Other revenue$717K · 2%
Investment income$298K · 1%
Contributions & grants89%$32.7M
Program service revenue8%$3.0M
Other revenue2%$717K
Investment income1%$298K
— government grantsLn 1e$32.2M
Total revenueLn 12$36.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08 Fundraising $0.00
Program services92%$30.8M
Management & general8%$2.5M
Fundraising$111K
Total functional expensesLn 25$33.4M

Balance Sheet

Part X · end of year
CashLn 1$9.4M
Total assetsLn 16$20.9M
Total liabilitiesLn 26$4.3M
Total net assetsLn 32$16.6M
Months of cash on handcomputed3.4

Grants

Schedule I · funders on record
Grants received · FY2024
See all 17 funders →

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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)$41.9M revenue · ⤓ 990 PDF
FY2024$38.7M revenue · ⤓ 990 PDF
FY2023$34.8M revenue · ⤓ 990 PDF
FY2022$36.7M revenue · viewing · ⤓ 990 PDF
FY2021$34.1M revenue · ⤓ 990 PDF
FY2020$31.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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