Richland County Development Corporation

Tax-deductible

Olney, IL501(c)(3)Community DevelopmentEIN 37-1201502Revenue $183K in FY2025

On file with the IRS315 W Main St, 62450-1534 · Olney, ILTax-exempt since Jan 1988Publicly supported charity — 170(b)(1)(A)(vi)

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Efforts to provide jobs for Richland County, il

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$67K 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
3 of 4
filings with a surplus
Average surplus $26K a year · 13% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$67K
to officers and key staff · 39% of spending
Top officer’s pay lower than 56% of similar orgs
Concern: pay to officers and key staff is 39% of spending; over 30%.
Pt VII · Sec A
Cash reserves
27 mo
of spending, in cash
Looks good: 26.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $19K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$183K
+5% vs prior year
Spent
$170K
To programs
95%
Net assets
$379K
By yearFY2021–FY2025
Revenue
$183K
FY2025▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2021$177K
FY2022$180K
FY2023$255K
FY2024$174K
FY2025$183K
Expenses
$170K
FY2025▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$141K
FY2022Not on file
FY2023$198K
FY2024$176K
FY2025$170K
Net assets
$379K
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2021$281K
FY2022$312K
FY2023$369K
FY2024$366K
FY2025$379K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1988.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $162K Management & general 5% · $8K

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

12 people listed on the 990; $67K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$66,923Pt VII · Sec A
Director
$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
Director
$0Pt VII · Sec A

Shelly Herman’s $67K as Director is at the 44th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2022FY2021
Lauren McClain—$79,170$36,000
Shelly Herman$66,923——

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 Richland County Development Corporation 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

Connects residents with local employment opportunities.

Questions for Richland County Development Corporation

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Provided by the organization

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1 program · $162K · in their own filed words · FY2024
01

To encourage and assist in the development of economic, educational and charitable activities of richland county, illinois and its surrounding communities.

$162Kprogram 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 · FY2023
Total grants receivedfrom 2 funders$19K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$183K
Ln 12
Gifts and grantsLn 1h$165K
Investment incomeLn 3$18K
Money outPt IX
$170K
Ln 25
Programscol B$162K
Managementcol C$8K
Owns and owesPt X
$379K
net assets · Ln 32
Cash and savingsLn 1–2$380K
Total assetsLn 16$380K
LiabilitiesLn 26$1K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$165K
Investment incomeLn 3$18K
Gains on assetsLn 7$8K
Total revenueLn 12$183K
Assets in detailPt X, end of year
CashLn 1$380K
Cash and savings togetherLn 1–2$380K
Total assetsLn 16$380K
LiabilitiesLn 26$1K
Net assetsLn 32$379K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$317K$380K
Total assetsLn 16$368K$380K
LiabilitiesLn 26$1K$1K
Net assetsLn 32$366K$379K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$67K$67K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$3K$3K
OccupancyLn 16$9K$9K
TravelLn 17$299$299
Depreciation, depletion and amortizationLn 22$62$62
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$72K$72K
All other expensesLn 24e$405$405
Total functional expensesLn 25$170K$162K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $183K$170K$13K$379K 990 PDF
FY2024 $174K$176K−$2K$366K 990 PDF
FY2023 $255K$198K$57K$369K 990 PDF
FY2022 $180K$312K 990 PDF
FY2021 $177K$141K$36K$281K 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 $182,955 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $153,590$164,800
I-9 Program service revenue$0
I-10 Investment incomePrior year $8,278$18,155
I-11 Other revenuePrior year $12,000$0
I-12 Total revenuePrior year $173,868$182,955
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $74,926$72,189
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $101,178$98,150
I-18 Total expensesPrior year $176,104$170,339
I-19 Revenue less expensesPrior year −$2,236$12,616
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $182,955 across 5 lines filed
VIII-1f All other contributions, gifts and grants$164,800
VIII-1h Total contributions, gifts and grants$164,800
VIII-3 Investment incomeRelated to mission $10,403$10,403
VIII-7 Net gain or loss on sales of assetsRelated to mission $7,752$7,752
VIII-12 Total revenueRelated to mission $18,155$182,955
Part IX · Statement of functional expenses $170,339 across 12 lines filed
IX-7 Other salaries and wagesPrograms $66,923$66,923
IX-10 Payroll taxesPrograms $5,266$5,266
IX-11c Accounting feesManagement $6,575$6,575
IX-11g Other fees for servicesManagement $1,485$1,485
IX-12 Advertising and promotionPrograms $1,799$1,799
IX-13 Office expensesPrograms $3,284$3,284
IX-16 OccupancyPrograms $9,452$9,452
IX-17 TravelPrograms $299$299
IX-22 Depreciation, depletion and amortizationPrograms $62$62
IX-23 InsurancePrograms $2,354$2,354
IX-24 Other expenses (24a–d)Programs $72,435$72,435
IX-24e All other expensesPrograms $405$405
IX-25 Total functional expensesPrograms $162,279 · Management $8,060 · Fundraising $0$170,339
Part X · Balance sheet $380,276 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $316,633$380,276
X-16 Total assetsStart of year $367,619$380,276
X-25 Other liabilitiesStart of year $1,349$1,390
X-26 Total liabilitiesStart of year $1,349$1,390
X-32 Total net assets or fund balancesStart of year $366,270$378,886
X-33 Total liabilities and net assetsStart of year $367,619$380,276
Part XI · Reconciliation of net assets $378,886 net assets at year end
XI-1 Total revenue$182,955
XI-2 Total expenses$170,339
XI-3 Revenue less expenses$12,616
XI-4 Net assets at start of year$366,270
XI-10 Net assets at end of year$378,886

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

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