Kankakee County Economic Development Council EIN 36-3316264 Form 990 (PDF) Claim this org

Kankakee County Economic Development Council FY2021 filing

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Manages a rental facility to boost local business growth. For fiscal year 2021 it reported $758K in revenue, $649K in expenses, and $760K in net assets.Pt I

Type
Membership association · Nonprofit
Location
Kankakee, IL
Website
www.kankakeecountyeda.com
Filings
6 on file (2020–2021)
Revenue
$758KFY2021
Expenses
$649K
Net assets
$760K
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-3316264 Membership association Kankakee, IL
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Manages a rental facility to boost local business growth.
Leadership
Joe Franco · Director
Money in and out
$758K revenue, $649K expenses
Bottom line
+14% operating surplus
Membership & operating revenue · FY2021
Total revenue
$758K
Pt VIII · Ln 12
Total expenses
$649K
Pt IX · Ln 25
Net assets
$760K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $109K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Operating surplus
+14%
revenue over expenses
Earned revenue
100%
of revenue from program services & dues
Payroll share
0%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$758K
FY2021▲ +2%
Expenses
$649K
FY2021▲ +6%
Total assets
$824K
FY2021▲ +13%
Total liabilities
$64K
FY2021▼ -21%
Total revenue
$758K
Pt VIII · Ln 12
Total expenses
$649K
Pt IX · Ln 25
Net assets
$760K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$109K
Total assetsPt X · Ln 16$824K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

2 program services account for $636K of program spending, described in the organization's own filed words · FY2020.
01

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

$399Kprogram expense
02

Efforts to improve the economic climate of Kankakee County.

$237Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKankakee County Economic Development Council
EINHdr · item D36-3316264
Principal addressHdr · item CKankakee, IL
WebsiteHdr · item Jwww.kankakeecountyeda.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$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
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Statement of Revenue

Part VIII
Program service revenue100%$757K
Investment income$714
Total revenueLn 12$758K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$636K
Management & general2%$14K
Total functional expensesLn 25$649K

Balance Sheet

Part X · end of year
CashLn 1$775K
Total assetsLn 16$824K
Total liabilitiesLn 26$64K
Total net assetsLn 32$760K
Months of cash on handcomputed14.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $775K · Operating expenses/yr $649K
14.3 months
Where the money goes
Program services
Program services $636K · Total expenses $649K
98%
Management & General
Management & general $14K · Total expenses $649K
2%
Fundraising
Fundraising $0 · Total expenses $649K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $758K
0%
Government reliance
Government grants — · Total revenue $758K
Earned-income share
Program service revenue $757K · Total revenue $758K
100%
Investment reliance
Investment income $714 · Total revenue $758K
+0.09%
Program self-sufficiency
Program service revenue $757K · Total expenses $649K
117%
Growth & trend
Revenue growth (YoY)
This year $758K · Prior year $743K
+2%
Net-asset trend (YoY)
End of year $760K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $758K · Expenses $649K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $824K
Net-asset ratio
Net assets $760K · Total assets $824K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $824K
0%
People & payroll
Highest Reported Total Compensation
Individual Joe Franco · Reported title Director · Highest reported compensation $0 · Total expenses $649K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $649K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Revenue growth 2%
Investment management fee ratio 0%
Legal fee ratio 0.5%
Accounting fee ratio 1%
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 · 7 grants · $1.6M · 2019–2024

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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)$891K revenue · ⤓ 990 PDF
FY2024$867K revenue · ⤓ 990 PDF
FY2023$915K revenue · ⤓ 990 PDF
FY2022$771K revenue · ⤓ 990 PDF
FY2021$758K revenue · viewing · ⤓ 990 PDF
FY2020$743K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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