Kankakee County Economic Development Council FY2020 filing

Not tax-deductible

Kankakee, IL501(c)(4)EIN 36-3316264

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Promotes industrial and commercial development through management of an industrial rental facility.

98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
5 of 6
filings with a surplus
Average surplus $71K a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$80K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$743K
Spent
$615K
To programs
98%
Net assets
$651K
By yearFY2020–FY2025
Revenue
$743K
FY2020
Revenue by fiscal year
FY2020$743K
FY2021$758K
FY2022$771K
FY2023$915K
FY2024$867K
FY2025$891K
Expenses
$615K
FY2020
Expenses by fiscal year
FY2020$615K
FY2021$649K
FY2022$786K
FY2023$816K
FY2024$807K
FY2025$847K
Net assets
$651K
FY2020
Net assets by fiscal year
FY2020$651K
FY2021$760K
FY2022$746K
FY2023$844K
FY2024$904K
FY2025$949K

From the FY2020 Form 990 (year ending June 2020) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1985.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $602K Management & general 2% · $13K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Kankakee County Economic Development Council 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

Programs and updates

Manages a rental facility to boost local business growth.

Provided by the organization

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2 program services account for $602K of program spending, described in the organization's own filed words · FY2019.
01

Promotion and assistance with economic development in the leasing of real estate in Kankakee County.

$365Kprogram expense
02

Efforts to improve the economic climate of Kankakee County.

$237Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 7 grants · $1.6M · 2019–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$743K
Ln 12
Fees for servicesLn 2g$742K
Investment incomeLn 3$813
Money outPt IX
$615K
Ln 25
Programscol B$602K
Managementcol C$13K
Owns and owesPt X
$651K
net assets · Ln 32
Cash and savingsLn 1–2$676K
Total assetsLn 16$731K
LiabilitiesLn 26$80K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$742K
Investment incomeLn 3$813
Gains on assetsLn 7$0
Total revenueLn 12$743K
Assets in detailPt X, end of year
CashLn 1$245K
SavingsLn 2$431K
Cash and savings togetherLn 1–2$676K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$55K
Other assetsLn 15$0
Total assetsLn 16$731K
LiabilitiesLn 26$80K
Net assetsLn 32$651K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$538K$676K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$60K$55K
Total assetsLn 16$599K$731K
LiabilitiesLn 26$75K$80K
Net assetsLn 32$524K$651K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$237K$237K
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$75K$75K
Legal feesLn 11b$640$640
Accounting feesLn 11c$11K$11K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$334$334
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$213$213
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$60K$58K$2K
Other expenses (24a–d)Ln 24$226K$226K
All other expensesLn 24e$85$70$15
Total functional expensesLn 25$615K$602K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $891K$847K$44K$949K 990 PDF
FY2024 $867K$807K$60K$904K 990 PDF
FY2023 $915K$816K$98K$844K 990 PDF
FY2022 $771K$786K−$14K$746K 990 PDF
FY2021 $758K$649K$109K$760K 990 PDF
FY2020 Viewing $743K$615K$128K$651K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $742,840 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $742,027$742,027
VIII-3 Investment incomeRelated to mission $813$813
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$0
VIII-12 Total revenueRelated to mission $742,840$742,840
Part IX · Statement of functional expenses $615,269 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $237,000$237,000
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 staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $75,000$75,000
IX-11b Legal feesPrograms $640$640
IX-11c Accounting feesManagement $11,050$11,050
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $334$334
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $213$213
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $5,761$5,761
IX-23 InsurancePrograms $57,844 · Management $1,758$59,602
IX-24 Other expenses (24a–d)Programs $225,584$225,584
IX-24e All other expensesPrograms $70 · Management $15$85
IX-25 Total functional expensesPrograms $601,899 · Management $13,370 · Fundraising $0$615,269
Part X · Balance sheet $731,259 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $308,688$245,465
X-2 Savings and temporary cash investmentsStart of year $229,561$430,899
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $300$210
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $60,446$54,685
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 assets$0
X-16 Total assetsStart of year $598,995$731,259
X-17 Accounts payable and accrued expensesStart of year $8,193$18,750
X-25 Other liabilitiesStart of year $61,222$61,292
X-26 Total liabilitiesStart of year $75,349$80,042
X-27 Net assets without donor restrictionsStart of year $523,646$651,217
X-32 Total net assets or fund balancesStart of year $523,646$651,217
X-33 Total liabilities and net assetsStart of year $598,995$731,259
Part XI · Reconciliation of net assets $651,217 net assets at year end
XI-1 Total revenue$742,840
XI-2 Total expenses$615,269
XI-3 Revenue less expenses$127,571
XI-4 Net assets at start of year$523,646
XI-10 Net assets at end of year$651,217

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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