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Regional Economic Development Corporation

Tax-deductible

Marion, IL501(c)(3)Since 1999Community Development EIN 37-1386985Revenue $91K in FY2026

On file with the IRSredco.org2305 W Main St, 62959-1180 · Marion, ILTax-exempt since Nov 2001Publicly supported charity — 170(b)(1)(A)(vi)

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Promote Economic viability of southern illinois

501(c)(3) charity; gifts are tax-deductible.
38¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2026 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $218K a year · 68% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
38%
of spending
Concern: 38% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
210 mo
of spending, in cash
Looks good: 209.8 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
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$91K
-62% vs prior year
Spent
$63K
To programs
38%
Net assets
$3.5M
By yearFY2021–FY2026
Revenue
$91K
FY2026▼ -62%
Tap a bar for its year
Revenue by fiscal year
FY2021$164K
FY2022$210K
FY2023$986K
FY2024$245K
FY2025$238K
FY2026$91K
Expenses
$63K
FY2026▼ -29%
Tap a bar for its year
Expenses by fiscal year
FY2021$119K
FY2022$138K
FY2023$128K
FY2024$89K
FY2025$88K
FY2026$63K
Net assets
$3.5M
FY2026▲ +0.8%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.2M
FY2022$2.3M
FY2023$3.1M
FY2024$3.3M
FY2025$3.4M
FY2026$3.5M

From the FY2026 Form 990 (year ending April 2026) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Nov 2001.

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

Where the money goes

38 cents of each dollar spent went to programs.

Program services 38% · $24K Management & general 62% · $39K

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

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
Jim Marlo
Director
$0Pt VII · Sec A
Mike Absher
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Obrien
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Doug Kimmel
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Regional Economic 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 Southern Illinois businesses thrive and grow economically.

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Provided by the organization

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1 program · $24K · in their own filed words · FY2025
01

Programs have been developed to promote and further the economic viability of southern illinois

$24Kprogram expense

By the numbers

The FY2026 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$91K
Ln 12
Gifts and grantsLn 1h$67K
Investment incomeLn 3$24K
Money outPt IX
$63K
Ln 25
Programscol B$24K
Managementcol C$39K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$3.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$67K
Government grantsLn 1e$67K
Investment incomeLn 3$24K
Total revenueLn 12$91K
Assets in detailPt X, end of year
CashLn 1$70K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$2.4M
Total assetsLn 16$3.5M
LiabilitiesLn 26$0
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderApril
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 FY26End FY26
Cash and savingsLn 1–2$1.1M$1.1M
Land, buildings, equipmentLn 10c$2.4M$2.4M
Total assetsLn 16$3.5M$3.5M
LiabilitiesLn 26$67K$0
Net assetsLn 32$3.4M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$314$314
InterestLn 20$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$54K$18K$36K
Total functional expensesLn 25$63K$24K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $91K$63K$28K$3.5M 990 PDF
FY2025 $238K$88K$150K$3.4M 990 PDF
FY2024 $245K$89K$157K$3.3M 990 PDF
FY2023 $986K$128K$858K$3.1M 990 PDF
FY2022 $210K$138K$71K$2.3M 990 PDF
FY2021 $164K$119K$45K$2.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2026 990 (6 parts)
Part I · Summary $90,904 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $188,257$67,293
I-9 Program service revenue$0
I-10 Investment incomePrior year $49,867$23,611
I-11 Other revenue$0
I-12 Total revenuePrior year $238,124$90,904
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $88,429$63,086
I-18 Total expensesPrior year $88,429$63,086
I-19 Revenue less expensesPrior year $149,695$27,818
Part VI · Governance 21 of 21 board members independent, 4 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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 $90,904 across 5 lines filed
VIII-1e Government grants$67,293
VIII-1h Total contributions, gifts and grants$67,293
VIII-3 Investment incomeRelated to mission $23,611$23,611
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $23,611 · Unrelated business $0 · Excluded from tax $0$90,904
Part IX · Statement of functional expenses $63,086 across 5 lines filed
IX-11c Accounting feesManagement $3,000$3,000
IX-12 Advertising and promotionPrograms $314$314
IX-20 InterestPrograms $2,156$2,156
IX-23 InsurancePrograms $3,399$3,399
IX-24 Other expenses (24a–d)Programs $18,217 · Management $36,000$54,217
IX-25 Total functional expensesPrograms $24,086 · Management $39,000 · Fundraising $0$63,086
Part X · Balance sheet $3,468,712 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $128,421$70,260
X-2 Savings and temporary cash investmentsStart of year $1,013,987$1,032,494
X-10c Land, buildings and equipment, netStart of year $2,365,958$2,365,958
X-16 Total assetsStart of year $3,508,366$3,468,712
X-26 Total liabilitiesStart of year $67,472$0
X-27 Net assets without donor restrictionsStart of year $3,342,394$3,370,212
X-28 Net assets with donor restrictionsStart of year $98,500$98,500
X-32 Total net assets or fund balancesStart of year $3,440,894$3,468,712
X-33 Total liabilities and net assetsStart of year $3,508,366$3,468,712
Part XI · Reconciliation of net assets $3,468,712 net assets at year end
XI-1 Total revenue$90,904
XI-2 Total expenses$63,086
XI-3 Revenue less expenses$27,818
XI-4 Net assets at start of year$3,440,894
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,468,712

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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