philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Mattoon Area Industrial Development FY2022 filing

Mattoon, ILUnknown exempt organizationEIN 37-1206627Revenue $12K in FY2022

On file with the IRS613 Broadway Avenue · Mattoon, IL

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Promote business and Industrial growth in corporate limits of Mattoon, illinois

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $172K a year · 289% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Cash reserves
6376 mo
of spending, in cash
Looks good: 6376.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12K
-93% vs prior year
Spent
$2K
Net assets
$834K
By yearFY2020–FY2023
Revenue
$12K
FY2022▼ -93%
Tap a bar for its year
Revenue by fiscal year
FY2020$43K
FY2021$165K
FY2022$12K
FY2023$17K
Expenses
$2K
FY2022▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$72K
FY2021$1K
FY2022$2K
FY2023$850K
Net assets
$834K
FY2022▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$659K
FY2021$823K
FY2022$834K
FY2023$0

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

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
$0Pt VII · Sec A
Tony Sparks
Vice President
$0Pt VII · Sec A
Bob Grierson
Director
$0Pt VII · Sec A
See Mattoon Area Industrial Development executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Tap to ask. Mattoon Area Industrial Development sees how many people are interested.

Your first name shows with your question. Mattoon Area Industrial Development answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2022
01

The mattoon area industrial development (maid) board is actively looking to pledge support to a $60 million sports facility in the mattoon community to spur economic development in the future.

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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$12K
Ln 12
Investment incomeLn 3$12K
Money outPt IX
$2K
Ln 25
Owns and owesPt X
$834K
net assets · Ln 32
Cash and savingsLn 1–2$834K
Total assetsLn 16$834K
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$12K
Total revenueLn 12$12K
Assets in detailPt X, end of year
CashLn 1$176K
SavingsLn 2$657K
Cash and savings togetherLn 1–2$834K
Total assetsLn 16$834K
LiabilitiesLn 26$0
Net assetsLn 32$834K
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
LineStart FY22End FY22
Cash and savingsLn 1–2$823K$834K
Total assetsLn 16$823K$834K
LiabilitiesLn 26$0$0
Net assetsLn 32$823K$834K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K
Office expensesLn 13$184
Other expenses (24a–d)Ln 24$10
Total functional expensesLn 25$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $17K$850K−$834K$0 990 PDF
FY2022 Viewing $12K$2K$11K$834K 990 PDF
FY2021 $165K$1K$164K$823K 990 PDF
FY2020 $43K$72K−$29K$659K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $12,400 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 $148,377$12,400
I-11 Other revenuePrior year $17,097$0
I-12 Total revenuePrior year $165,474$12,400
I-13 Grants and similar amounts paidPrior year $1,375$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 $20$194
I-18 Total expensesPrior year $1,395$1,569
I-19 Revenue less expensesPrior year $164,079$10,831
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 $12,400 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $12,400$12,400
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $12,400$12,400
Part IX · Statement of functional expenses $1,569 across 3 lines filed
IX-1 Grants to domestic organizations$1,375
IX-13 Office expenses$184
IX-24 Other expenses (24a–d)$10
IX-25 Total functional expenses$1,569
Part X · Balance sheet $833,698 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $117,608$176,288
X-2 Savings and temporary cash investmentsStart of year $705,259$657,410
X-16 Total assetsStart of year $822,867$833,698
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $822,867$833,698
X-33 Total liabilities and net assetsStart of year $822,867$833,698
Part XI · Reconciliation of net assets $833,698 net assets at year end
XI-1 Total revenue$12,400
XI-2 Total expenses$1,569
XI-3 Revenue less expenses$10,831
XI-4 Net assets at start of year$822,867
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$833,698

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.