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Southern Five Development Corporation

Not tax-deductible

Ullin, IL501(c)(6)Since 1976EIN 37-1314754

To provide business and financial assistance to both new and expanding businesses to help further promote enonomic growth and the creation of jobs.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
4 of 6
filings with a surplus
Average surplus $99K a year · 61% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
185 mo
of spending, in cash
Looks good: 184.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$319K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34K
-34% vs prior year
Spent
$38K
To programs
100%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$34K
FY2025▼ -34%
Revenue by fiscal year
FY2020$47K
FY2021$504K
FY2022$199K
FY2023$136K
FY2024$52K
FY2025$34K
Expenses
$38K
FY2025▼ -8%
Expenses by fiscal year
FY2020$157K
FY2021$66K
FY2022$43K
FY2023$31K
FY2024$41K
FY2025$38K
Net assets
$1.0M
FY2025-0.3%
Net assets by fiscal year
FY2020$306K
FY2021$744K
FY2022$900K
FY2023$1.0M
FY2024$1.0M
FY2025$1.0M

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1993.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $38K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Alan Racey
1st Vice-Chairman
$0Pt VII · Sec A
Darryl Harvell
2nd Vice-Chairman
$0Pt VII · Sec A
Sue Sandusky
Secretary
$0Pt VII · Sec A
Rita Flummer
Treasurer
$0Pt VII · Sec A
Carol Dials
Officer at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Southern Five 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

Helps businesses grow and create jobs with financial and business support.

Provided by the organization

This section is blank until Southern Five Development Corporation claims this page.

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1 program service, described in the organization's own filed words · FY2025.
01

To promote economic growth and help creat new jobs by providing financial assistance to new and existing business in our area.

Pt IX · col B

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By the numbers

The FY2025 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$34K
Ln 12
Fees for servicesLn 2g$29K
Gifts and grantsLn 1h$4K
Investment incomeLn 3$2K
Money outPt IX
$38K
Ln 25
Programscol B$38K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$578K
Total assetsLn 16$1.3M
LiabilitiesLn 26$319K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g$29K
Investment incomeLn 3$2K
Other incomeLn 4–11$263
Total revenueLn 12$34K
Assets in detailPt X, end of year
SavingsLn 2$578K
Cash and savings togetherLn 1–2$578K
Total assetsLn 16$1.3M
LiabilitiesLn 26$319K
Net assetsLn 32$1.0M
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 FY25End FY25
Cash and savingsLn 1–2$727K$578K
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$346K$319K
Net assetsLn 32$1.0M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$34K$34K$0$0
InterestLn 20$4K$4K$0$0
Other expenses (24a–d)Ln 24$21$21$0$0
Total functional expensesLn 25$38K$38K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $34K$38K−$3K$1.0M 990 PDF
FY2024 $52K$41K$11K$1.0M 990 PDF
FY2023 $136K$31K$104K$1.0M 990 PDF
FY2022 $199K$43K$156K$900K 990 PDF
FY2021 $504K$66K$438K$744K 990 PDF
FY2020 $47K$157K−$110K$306K 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 (4 parts)
Part VIII · Statement of revenue $34,202 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,582
VIII-1h Total contributions, gifts and grants$3,582
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$28,690
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,667$1,667
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $263 · Unrelated business $0 · Excluded from tax $0$263
VIII-12 Total revenueRelated to mission $28,953 · Unrelated business $0 · Excluded from tax $1,667$34,202
Part IX · Statement of functional expenses $37,569 across 3 lines filed
IX-11a Management feesPrograms $33,640 · Management $0 · Fundraising $0$33,640
IX-20 InterestPrograms $3,908 · Management $0 · Fundraising $0$3,908
IX-24 Other expenses (24a–d)Programs $21 · Management $0 · Fundraising $0$21
IX-25 Total functional expensesPrograms $37,569 · Management $0 · Fundraising $0$37,569
Part X · Balance sheet $1,331,130 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $727,420$577,954
X-4 Accounts receivableStart of year $634,312$753,176
X-16 Total assetsStart of year $1,361,732$1,331,130
X-26 Total liabilitiesStart of year $346,327$319,092
X-28 Net assets with donor restrictionsStart of year $1,015,405$1,012,038
X-32 Total net assets or fund balancesStart of year $1,015,405$1,012,038
X-33 Total liabilities and net assetsStart of year $1,361,732$1,331,130
Part XI · Reconciliation of net assets $1,012,038 net assets at year end
XI-1 Total revenue$34,202
XI-2 Total expenses$37,569
XI-3 Revenue less expenses−$3,367
XI-4 Net assets at start of year$1,015,405
XI-10 Net assets at end of year$1,012,038

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

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