Lee County Industrial Dev Association: Nonprofit Profile, Financials & Form 990 (EIN 36-6050638)

Revenue by fiscal year
FY2020	$2K
FY2021	$105K
FY2022	$80K
FY2023	$138K
FY2024	$247K
FY2025	$224K

Expenses by fiscal year
FY2020	$189K
FY2021	$82K
FY2022	$50K
FY2023	$169K
FY2024	$120K
FY2025	$24K

Net assets by fiscal year
FY2020	$958K
FY2021	$981K
FY2022	$1.0M
FY2023	$980K
FY2024	$1.1M
FY2025	$1.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1962.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $24K Management & general 100% · $24K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation

Chad Weigle

Director

$0Pt VII · Sec A

Danny Langloss

Director

$0Pt VII · Sec A

David Schreiner

Chairman

$0Pt VII · Sec A

Jeff Stauter

Vice Chairman

$0Pt VII · Sec A

Glen Hughes

Secretary

$0Pt VII · Sec A

Robert Lesage III

Director

$0Pt VII · Sec A

Rory Sohn

Treasurer

$0Pt VII · Sec A

Geoffrey Smith

Director

$0Pt VII · Sec A

See Lee County Industrial Dev Association 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 15aNo

Programs and updates

Promotes, develops, and facilitates business growth and retention in Lee County, Illinois.

Questions for Lee County Industrial Dev Association

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1 program · $24K · in their own filed words · FY2025

01

Expenses paid to encourage development in the lee county area.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-6050638) · Dispute this line

$24Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$224K

Ln 12

Gifts and grantsLn 1h$100K

Other incomeLn 4–11$96K

Investment incomeLn 3$29K

Money outPt IX

$24K

Ln 25

Programscol B$24K

Managementcol C$24K

Owns and owesPt X

$1.3M

net assets · Ln 32

Cash and savingsLn 1–2$1.1M

Total assetsLn 16$1.3M

LiabilitiesLn 26$0

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$100K

Investment incomeLn 3$29K

Other incomeLn 4–11$96K

Total revenueLn 12$224K

Assets in detailPt X, end of year

SavingsLn 2$1.1M

Cash and savings togetherLn 1–2$1.1M

Land, buildings, equipmentLn 10c$165K

Total assetsLn 16$1.3M

LiabilitiesLn 26$0

Net assetsLn 32$1.3M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$942K	$1.1M
Land, buildings, equipmentLn 10c	$165K	$165K
Total assetsLn 16	$1.1M	$1.3M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.1M	$1.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$518		$518
Advertising and promotionLn 12	$1K		$1K
OccupancyLn 16	$8K		$8K
TravelLn 17	$5K		$5K
InsuranceLn 23	$2K		$2K
Other expenses (24a–d)Ln 24	$7K		$7K
Total functional expensesLn 25	$24K	$0	$24K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Aug 24, 2026	$224K	$24K	$200K	$1.3M	990 PDF
FY2024Filed with the IRS Aug 26, 2025	$247K	$120K	$127K	$1.1M	990 PDF
FY2023Filed with the IRS Aug 27, 2024	$138K	$169K	−$31K	$980K	990 PDF
FY2022Filed with the IRS Aug 14, 2023	$80K	$50K	$29K	$1.0M	990 PDF
FY2021Filed with the IRS Oct 19, 2022	$105K	$82K	$23K	$981K	990 PDF
FY2020Filed with the IRS Aug 30, 2021	$2K	$189K	−$187K	$958K	990 PDF

Schedules filed Part IV

B · Donors D · Assets and endowments O · Explanations

See the full FY2025 990

Part I · Summary $224,428 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $150,000$100,000

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $96,739$28,678

I-11 Other revenuePrior year $0$95,750

I-12 Total revenuePrior year $246,739$224,428

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $119,591$23,940

I-18 Total expensesPrior year $119,591$23,940

I-19 Revenue less expensesPrior year $127,148$200,488

Part VI · Governance 13 of 13 board members independent, 4 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members13

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $224,428 across 5 lines filed

VIII-1f All other contributions, gifts and grants$100,000

VIII-1h Total contributions, gifts and grants$100,000

VIII-3 Investment incomeExcluded from tax $28,678$28,678

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $95,750$95,750

VIII-12 Total revenueRelated to mission $95,750 · Unrelated business $0 · Excluded from tax $28,678$224,428

Part IX · Statement of functional expenses $23,940 across 6 lines filed

IX-11a Management feesManagement $518$518

IX-12 Advertising and promotionManagement $1,247$1,247

IX-16 OccupancyManagement $8,112$8,112

IX-17 TravelManagement $4,581$4,581

IX-23 InsuranceManagement $2,349$2,349

IX-24 Other expenses (24a–d)Management $7,133$7,133

IX-25 Total functional expensesPrograms $0 · Management $23,940 · Fundraising $0$23,940

Part X · Balance sheet $1,307,594 assets, 9 lines filed

X-2 Savings and temporary cash investmentsStart of year $942,136$1,142,624

X-10c Land, buildings and equipment, netStart of year $164,970$164,970

X-16 Total assetsStart of year $1,107,106$1,307,594

X-26 Total liabilitiesStart of year $0$0

X-29 Capital stock or trust principalStart of year $0$0

X-30 Paid-in or capital surplusStart of year $111,037$111,037

X-31 Retained earnings or endowmentStart of year $996,069$1,196,557

X-32 Total net assets or fund balancesStart of year $1,107,106$1,307,594

X-33 Total liabilities and net assetsStart of year $1,107,106$1,307,594

Part XI · Reconciliation of net assets $1,307,594 net assets at year end

XI-1 Total revenue$224,428

XI-2 Total expenses$23,940

XI-3 Revenue less expenses$200,488

XI-4 Net assets at start of year$1,107,106

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,307,594

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

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Lee County Industrial Dev Association

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Lee County Industrial Dev Association

By the numbers

Filing history

Schedules filed Part IV

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