Preservation, enhancement and protection of the natural, cultural, environmental and economic health of the I & m Canal national heritage Corridor and the education of its residents and visitors

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$109K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $88K a year · 11% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$794K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$750K
+4% vs prior year
Spent
$679K
To programs
97%
Net assets
$241K
By yearFY2020–FY2025
Revenue
$750K
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$628K
FY2021$729K
FY2022$1.0M
FY2023$755K
FY2024$724K
FY2025$750K
Expenses
$679K
FY2025▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$651K
FY2021$565K
FY2022$652K
FY2023$738K
FY2024$813K
FY2025$679K
Net assets
$241K
FY2025▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2020$254K
FY2021$305K
FY2022$696K
FY2023$258K
FY2024$170K
FY2025$241K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $659K Management & general 2% · $11K Fundraising 1% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$109,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ana B Koval Aicp———$102,003$141,303—
Ana B Koval$109,000$109,000$124,003——$97,844

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.

See Canal Corridor Association executive salaries →

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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 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Protects and enhances the Illinois & Michigan Canal National Heritage Corridor's natural and cultural resources.

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Provided by the organization

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1 program · $659K · in their own filed words · FY2025
01

Preservation, enhancement and protection of the natural, cultural, environmental and economic health of the I & m canal national heritage corridor and the education of its residents and visitors

$659Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$750K
Ln 12
Gifts and grantsLn 1h$560K
Other incomeLn 4–11$190K
Money outPt IX
$679K
Ln 25
Programscol B$659K
Managementcol C$11K
Fundraisingcol D$9K
Owns and owesPt X
$241K
net assets · Ln 32
Cash and savingsLn 1–2$89K
Total assetsLn 16$1.0M
LiabilitiesLn 26$794K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$560K
Government grantsLn 1e$542K
Other incomeLn 4–11$190K
Gains on assetsLn 7$0
Total revenueLn 12$750K
Assets in detailPt X, end of year
CashLn 1$89K
SavingsLn 2$0
Cash and savings togetherLn 1–2$89K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$743K
Other assetsLn 15$3
Total assetsLn 16$1.0M
LiabilitiesLn 26$794K
Net assetsLn 32$241K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$20K$89K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$786K$743K
Total assetsLn 16$1.0M$1.0M
LiabilitiesLn 26$880K$794K
Net assetsLn 32$170K$241K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$109K$109K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$226K$215K$3K$7K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$33K$32K$332$663
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$32K$32K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$18K$13K$6K
Advertising and promotionLn 12$22K$22K
Office expensesLn 13$26K$24K$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$86K$86K
TravelLn 17$50$45$5
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$23K$23K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$49K$49K
InsuranceLn 23$37K$37K
Other expenses (24a–d)Ln 24$17K$17K$168$168
All other expensesLn 24e$155$155
Total functional expensesLn 25$679K$659K$11K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $750K$679K$71K$241K 990 PDF
FY2024 $724K$813K−$89K$170K 990 PDF
FY2023 $755K$738K$17K$258K 990 PDF
FY2022 $1.0M$652K$391K$696K 990 PDF
FY2021 $729K$565K$163K$305K 990 PDF
FY2020 $628K$651K−$23K$254K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $750,316 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $551,316$559,990
I-9 Program service revenuePrior year $15,850$0
I-10 Investment income$0
I-11 Other revenuePrior year $156,761$190,326
I-12 Total revenuePrior year $723,927$750,316
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $409,491$367,706
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $403,055$311,317
I-18 Total expensesPrior year $812,546$679,023
I-19 Revenue less expensesPrior year −$88,619$71,293
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $750,316 across 9 lines filed
Lines not itemized here account for $189,951 of total revenue; see the IRS return.
VIII-1e Government grants$542,179
VIII-1f All other contributions, gifts and grants$17,811
VIII-1h Total contributions, gifts and grants$559,990
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$375
VIII-12 Total revenueRelated to mission $189,951$750,316
Part IX · Statement of functional expenses $679,023 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $109,000$109,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $215,491 · Management $3,345 · Fundraising $6,691$225,527
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $32,184 · Management $332 · Fundraising $663$33,179
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $32,009$32,009
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $12,937 · Management $5,515$18,452
IX-12 Advertising and promotionPrograms $21,960$21,960
IX-13 Office expensesPrograms $23,718 · Management $1,318 · Fundraising $1,317$26,353
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $86,439$86,439
IX-17 TravelPrograms $45 · Fundraising $5$50
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $22,646$22,646
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $48,696$48,696
IX-23 InsurancePrograms $37,167$37,167
IX-24 Other expenses (24a–d)Programs $17,054 · Management $168 · Fundraising $168$17,390
IX-24e All other expensesManagement $155$155
IX-25 Total functional expensesPrograms $659,346 · Management $10,833 · Fundraising $8,844$679,023
Part X · Balance sheet $1,034,913 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $19,680$88,879
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $160,000$160,000
X-4 Accounts receivableStart of year $26,393$0
X-8 Inventories for sale or useStart of year $31,866$22,309
X-9 Prepaid expenses and deferred chargesStart of year $25,570$20,652
X-10c Land, buildings and equipment, netStart of year $785,791$743,070
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $2$3
X-16 Total assetsStart of year $1,049,302$1,034,913
X-17 Accounts payable and accrued expensesStart of year $81,529$41,292
X-26 Total liabilitiesStart of year $879,626$793,944
X-27 Net assets without donor restrictionsStart of year $169,676$240,969
X-32 Total net assets or fund balancesStart of year $169,676$240,969
X-33 Total liabilities and net assetsStart of year $1,049,302$1,034,913
Part XI · Reconciliation of net assets $240,969 net assets at year end
XI-1 Total revenue$750,316
XI-2 Total expenses$679,023
XI-3 Revenue less expenses$71,293
XI-4 Net assets at start of year$169,676
XI-10 Net assets at end of year$240,969

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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