Mattoon Area Industrial Development: FY2021 Nonprofit Profile & Form 990 (EIN 37-1206627)

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 FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$165K

Ln 12

Investment incomeLn 3$148K

Other incomeLn 4–11$17K

Money outPt IX

$1K

Ln 25

Owns and owesPt X

$823K

net assets · Ln 32

Cash and savingsLn 1–2$823K

Total assetsLn 16$823K

LiabilitiesLn 26$0

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$148K

Other incomeLn 4–11$17K

Gains on assetsLn 7$147K

Total revenueLn 12$165K

Assets in detailPt X, end of year

CashLn 1$118K

SavingsLn 2$705K

Cash and savings togetherLn 1–2$823K

Total assetsLn 16$823K

LiabilitiesLn 26$0

Net assetsLn 32$823K

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 FY21	End FY21
Cash and savingsLn 1–2	$491K	$823K
Total assetsLn 16	$663K	$823K
LiabilitiesLn 26	$4K	$0
Net assetsLn 32	$659K	$823K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1K
Office expensesLn 13	$10
Other expenses (24a–d)Ln 24	$10
Total functional expensesLn 25	$1K

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 Viewing	$165K	$1K	$164K	$823K	990 PDF
FY2020	$43K	$72K	−$29K	$659K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $165,474 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 $4,156$148,377

I-11 Other revenuePrior year $39,115$17,097

I-12 Total revenuePrior year $43,271$165,474

I-13 Grants and similar amounts paidPrior year $70,475$1,375

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 $1,810$20

I-18 Total expensesPrior year $72,285$1,395

I-19 Revenue less expensesPrior year −$29,014$164,079

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 $165,474 across 4 lines filed

VIII-3 Investment incomeExcluded from tax $937$937

VIII-6 Net rental income or lossExcluded from tax $17,097$17,097

VIII-7 Net gain or loss on sales of assetsExcluded from tax $147,440$147,440

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $165,474$165,474

Part IX · Statement of functional expenses $1,395 across 3 lines filed

IX-1 Grants to domestic organizations$1,375

IX-13 Office expenses$10

IX-24 Other expenses (24a–d)$10

IX-25 Total functional expenses$1,395

Part X · Balance sheet $822,867 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $161,438$117,608

X-2 Savings and temporary cash investmentsStart of year $329,340$705,259

X-16 Total assetsStart of year $663,281$822,867

X-26 Total liabilitiesStart of year $4,493$0

X-32 Total net assets or fund balancesStart of year $658,788$822,867

X-33 Total liabilities and net assetsStart of year $663,281$822,867

Part XI · Reconciliation of net assets $822,867 net assets at year end

XI-1 Total revenue$165,474

XI-2 Total expenses$1,395

XI-3 Revenue less expenses$164,079

XI-4 Net assets at start of year$658,788

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$822,867

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Mattoon Area Industrial Development FY2021 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