Mattoon Area Industrial Development: FY2020 Nonprofit Profile & Form 990 (EIN 37-1206627)

Revenue by fiscal year
FY2020	$43K
FY2021	$165K
FY2022	$12K
FY2023	$17K

Expenses by fiscal year
FY2020	$72K
FY2021	$1K
FY2022	$2K
FY2023	$850K

Net assets by fiscal year
FY2020	$659K
FY2021	$823K
FY2022	$834K
FY2023	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation

Steve Grissom

President

$0Pt VII · Sec A

Ed Dowd

Secretary

$0Pt VII · Sec A

Alex Hagen

Treasurer

$0Pt VII · Sec A

Al Volk

Director

$0Pt VII · Sec A

John Hedges

Director

$0Pt VII · Sec A

Preston Smith

Director

$0Pt VII · Sec A

Tony Sparks

Vice President

$0Pt VII · Sec A

Bob Grierson

Director

$0Pt VII · Sec A

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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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Encourages business and industrial growth within Mattoon, Illinois.

Questions for Mattoon Area Industrial Development

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Provided by the organization

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3 programs · in their own filed words · FY2020

01

Mattoon area industrial development has assisted mattoon high school with purchasing of equipment to assist the students of the high school. Specifically, the board met at the high school during the year, toured various trade classes (woodwork, agriculture, automotive, etc) to see what the students were working on.

Pt IX · col B

02

Mattoon area industrial development corp (maid) acquired and rehabilitated a building to suit the needs of a blue CROSS/BLUE shield claim processing center. Maid feels the project was instrumental in securing and retaining the 100 plus jobs at the FACILITY.AFTER 20 years, maid continues to support blue CROSS/BLUE shield, and continues to…

Pt IX · col B

03

Mattoon area industrial development (maid) has partnered with coles together in an effort to attract new businesses to mattoon. Coles together's mission aligns with that of maid to promote economic and workforce development.

Pt IX · col B

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 · 12 grants · $910K · 2020–2023

Individual RecipientFY2023$500,000

Bonnie Moore Lake Land College CbiFY2023$80,000

McUsd #2 Lift Education ProgramFY2023$80,000

Mattoon in Motion Housing CommitteeFY2023$80,000

Individual RecipientFY2023$70,000

St John's Lutheran High SchoolFY2023$40,000

Rural KingFY2020$10,000

Curry Construction INCFY2020$10,000

Mattoon Precision ManufacturingFY2020$10,000

Anamet Electrical INCFY2020$10,000

Justrite Safety GroupFY2020$10,000

Mars PetcareFY2020$10,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$43K

Ln 12

Other incomeLn 4–11$39K

Investment incomeLn 3$4K

Money outPt IX

$72K

Ln 25

Owns and owesPt X

$659K

net assets · Ln 32

Cash and savingsLn 1–2$491K

Total assetsLn 16$663K

LiabilitiesLn 26$4K

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$4K

Other incomeLn 4–11$39K

Total revenueLn 12$43K

Assets in detailPt X, end of year

CashLn 1$161K

SavingsLn 2$329K

Cash and savings togetherLn 1–2$491K

Land, buildings, equipmentLn 10c$173K

Total assetsLn 16$663K

LiabilitiesLn 26$4K

Net assetsLn 32$659K

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 FY20	End FY20
Cash and savingsLn 1–2	$518K	$491K
Land, buildings, equipmentLn 10c	$174K	$173K
Total assetsLn 16	$692K	$663K
LiabilitiesLn 26	$4K	$4K
Net assetsLn 32	$688K	$659K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$70K
Accounting feesLn 11c	$2K
Other expenses (24a–d)Ln 24	$10
Total functional expensesLn 25	$72K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest	$17K	$850K	−$834K	$0	990 PDF
FY2022	$12K	$2K	$11K	$834K	990 PDF
FY2021	$165K	$1K	$164K	$823K	990 PDF
FY2020 Viewing	$43K	$72K	−$29K	$659K	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 (6 parts)

Part I · Summary $43,271 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $2,197$4,156

I-11 Other revenuePrior year $38,093$39,115

I-12 Total revenuePrior year $40,290$43,271

I-13 Grants and similar amounts paidPrior year $28,375$70,475

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 $355$1,810

I-18 Total expensesPrior year $28,730$72,285

I-19 Revenue less expensesPrior year $11,560−$29,014

Part VI · Governance 10 of 10 board members independent, 5 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-2 Family or business relationship among officers or directorsYes

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

Part VIII · Statement of revenue $43,271 across 3 lines filed

VIII-3 Investment incomeExcluded from tax $4,156$4,156

VIII-6 Net rental income or lossExcluded from tax $39,115$39,115

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $43,271$43,271

Part IX · Statement of functional expenses $72,285 across 3 lines filed

IX-1 Grants to domestic organizations$70,475

IX-11c Accounting fees$1,800

IX-24 Other expenses (24a–d)$10

IX-25 Total functional expenses$72,285

Part X · Balance sheet $663,281 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $167,977$161,438

X-2 Savings and temporary cash investmentsStart of year $350,458$329,340

X-10c Land, buildings and equipment, netStart of year $173,860$172,503

X-16 Total assetsStart of year $692,295$663,281

X-19 Deferred revenueStart of year $4,493$4,493

X-26 Total liabilitiesStart of year $4,493$4,493

X-32 Total net assets or fund balancesStart of year $687,802$658,788

X-33 Total liabilities and net assetsStart of year $692,295$663,281

Part XI · Reconciliation of net assets $658,788 net assets at year end

XI-1 Total revenue$43,271

XI-2 Total expenses$72,285

XI-3 Revenue less expenses−$29,014

XI-4 Net assets at start of year$687,802

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$658,788

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

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Mattoon Area Industrial Development FY2020 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Mattoon Area Industrial Development

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV