Devcorp North

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To improve the community through business and economic development activities.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3357551) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$137K 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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $273K a year · 23% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
76% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$137K
to officers and key staff · 10% of spending
Pay to officers and key staff is 10% of spending.
Part VII, Section A
12.0 mo
of spending, in cash
12.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $236K
5 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$282K
14% of total assets
Liabilities are 14% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.7M
+27% vs prior year
Spent
$1.4M
To programs
76%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$1.7M
FY2024▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$664K
FY2021$1.3M
FY2022$950K
FY2023$1.4M
FY2024$1.7M
Expenses
$1.4M
FY2024▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$575K
FY2021$721K
FY2022$935K
FY2023$1.1M
FY2024$1.4M
Net assets
$1.8M
FY2024▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$490K
FY2021$1.1M
FY2022$1.1M
FY2023$1.4M
FY2024$1.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1985.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $1.0M Management & general 16% · $213K Fundraising 8% · $113K

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

Something off? Claim to add context

Who runs it and what they're paid

14 people listed on the 990; $137K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Dir.
$137,180Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Sandi Price$137,180$107,650$114,538

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 Devcorp North executive salaries →

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 15aYes

Programs and updates

Promotes community growth by supporting and marketing local businesses through membership services, networking events, and economic development initiatives.

Questions for Devcorp North

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3 programs · $956K · in their own filed words · FY2024
01

7TH DISTRICT SMALL BUSINESS RESTORATION GRANTS: Grant for Safety & Security initiatives for small businesses within the 7th District

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3357551) · Dispute this line
$450Kprogram expense
02

Best

Businss and Entrepreneurial training programs

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3357551) · Dispute this line
$370Kprogram expense
03

Membership and Events

Local business support and promotion.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3357551) · Dispute this line
$136Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 46 grants · $483K · 2024–2024
Unitemized GrantFY2024$33,112
Zupperia INCFY2024$10,000
Walter RodgersFY2024$10,000
The Words Lines & Pictures CoFY2024$10,000
Taste Food and WineFY2024$10,000
Tamales Lo Mejor De GuerreroFY2024$10,000
South of the Border RestauranFY2024$10,000
Samanta INCFY2024$10,000
Rogers WingFY2024$10,000
Rogers Park Provisions LLCFY2024$10,000
Pure Brite Facility ServicesFY2024$10,000
Picnic Wine & Provisions LLCFY2024$10,000
Panaderia Ayutla CorporationFY2024$10,000
P&j FootwearFY2024$10,000
Okyung KwonFY2024$10,000
Nansaimaa GelenkhuuFY2024$10,000
Modern Food MartFY2024$10,000
Mj Hair Salon INCFY2024$10,000
See all 46 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$103K
Investment incomeLn 3$29K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.0M
Managementcol C$213K
Fundraisingcol D$113K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$2.1M
LiabilitiesLn 26$282K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$819K
Fundraising eventsLn 1c$23K
Fees for servicesLn 2g$103K
Investment incomeLn 3$29K
Other incomeLn 4–11$9K
Gains on assetsLn 7$0
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$647K
SavingsLn 2$708K
Cash and savings togetherLn 1–2$1.4M
Accounts receivableLn 4$366K
Land, buildings, equipmentLn 10c$282K
Other assetsLn 15$64K
Total assetsLn 16$2.1M
LiabilitiesLn 26$282K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 520
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$751K$1.4M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$265K$282K
Total assetsLn 16$1.7M$2.1M
LiabilitiesLn 26$307K$282K
Net assetsLn 32$1.4M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$450K$450K
Grants to domestic individualsLn 2$33K$33K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$149K$60K$75K$15K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$261K$196K$4K$61K
Pension plan contributionsLn 8$15K$10K$3K$3K
Other employee benefitsLn 9$44K$38K$502$5K
Payroll taxesLn 10$50K$36K$8K$6K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$37K$37K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$80K$70K$10K
Advertising and promotionLn 12$46K$21K$2K$23K
Office expensesLn 13$9K$1K$7K
Information technologyLn 14$19K$13K$6K
RoyaltiesLn 15$0
OccupancyLn 16$51K$32K$18K
TravelLn 17$793$793
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$341$341
InterestLn 20$14K$14K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$13K$5K$8K
InsuranceLn 23$8K$512$7K
Other expenses (24a–d)Ln 24$69K$64K$5K
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$1.4M$1.0M$213K$113K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $1.7M$1.4M$386K$1.8M 990 PDF
FY2023Filed with the IRS Sep 27, 2024 $1.4M$1.1M$280K$1.4M 990 PDF
FY2022Filed with the IRS Nov 8, 2023 $950K$935K$14K$1.1M 990 PDF
FY2021Filed with the IRS Nov 9, 2022 $1.3M$721K$595K$1.1M 990 PDF
FY2020Filed with the IRS Oct 23, 2021 $664K$575K$89K$490K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $1,743,927 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $364,589$1,603,654
I-9 Program service revenuePrior year $856,132$102,635
I-10 Investment incomePrior year $9,172$28,717
I-11 Other revenuePrior year $144,148$8,921
I-12 Total revenuePrior year $1,374,041$1,743,927
I-13 Grants and similar amounts paid$483,112
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $419,514$520,136
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $674,871$354,317
I-18 Total expensesPrior year $1,094,385$1,357,565
I-19 Revenue less expensesPrior year $279,656$386,362
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,743,927 across 13 lines filed
VIII-1b Membership dues$18,725
VIII-1c Fundraising events$22,740
VIII-1e Government grants$818,867
VIII-1f All other contributions, gifts and grants$743,322
VIII-1h Total contributions, gifts and grants$1,603,654
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $102,635$102,635
VIII-3 Investment incomeExcluded from tax $28,717$28,717
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$4,706
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,215$4,215
VIII-12 Total revenueRelated to mission $106,850 · Excluded from tax $28,717$1,743,927
Part IX · Statement of functional expenses $1,357,565 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $450,000$450,000
IX-2 Grants to domestic individualsPrograms $33,112$33,112
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $59,629 · Management $74,536 · Fundraising $14,907$149,072
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $196,116 · Management $3,679 · Fundraising $61,282$261,077
IX-8 Pension plan contributionsPrograms $9,650 · Management $2,779 · Fundraising $2,884$15,313
IX-9 Other employee benefitsPrograms $38,491 · Management $502 · Fundraising $5,425$44,418
IX-10 Payroll taxesPrograms $35,974 · Management $8,382 · Fundraising $5,900$50,256
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $37,290$37,290
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $70,277 · Management $10,046$80,323
IX-12 Advertising and promotionPrograms $20,594 · Management $2,074 · Fundraising $23,000$45,668
IX-13 Office expensesPrograms $1,414 · Management $7,123$8,537
IX-14 Information technologyPrograms $13,185 · Management $6,000$19,185
IX-15 Royalties$0
IX-16 OccupancyPrograms $32,190 · Management $18,464$50,654
IX-17 TravelPrograms $793$793
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $341$341
IX-20 InterestManagement $14,340$14,340
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $5,000 · Management $7,533$12,533
IX-23 InsurancePrograms $512 · Management $7,372$7,884
IX-24 Other expenses (24a–d)Programs $64,317 · Management $4,509$68,826
IX-24e All other expensesManagement $7,943$7,943
IX-25 Total functional expensesPrograms $1,031,254 · Management $212,913 · Fundraising $113,398$1,357,565
Part X · Balance sheet $2,067,133 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $538,652$647,185
X-2 Savings and temporary cash investmentsStart of year $212,232$707,927
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $366,042$365,913
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $2,617$0
X-10c Land, buildings and equipment, netStart of year $264,939$282,215
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 $311,072$63,893
X-16 Total assetsStart of year $1,695,554$2,067,133
X-17 Accounts payable and accrued expensesStart of year $108,996$94,095
X-23 Secured mortgages and notes payableStart of year $194,822$187,255
X-25 Other liabilitiesStart of year $2,704$423
X-26 Total liabilitiesStart of year $306,522$281,773
X-27 Net assets without donor restrictionsStart of year $1,289,687$1,412,392
X-28 Net assets with donor restrictionsStart of year $99,345$372,968
X-32 Total net assets or fund balancesStart of year $1,389,032$1,785,360
X-33 Total liabilities and net assetsStart of year $1,695,554$2,067,133
Part XI · Reconciliation of net assets $1,785,360 net assets at year end
XI-1 Total revenue$1,743,927
XI-2 Total expenses$1,357,565
XI-3 Revenue less expenses$386,362
XI-4 Net assets at start of year$1,389,032
XI-5 Net unrealized gains (losses) on investments$9,966
XI-10 Net assets at end of year$1,785,360

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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