Greater Waukegan Development Coalition

Tax-deductible

Waukegan, IL501(c)(3)Since 2012Community DevelopmentEIN 45-4807745Revenue $493K in FY2025

On file with the IRSgreaterwaukegan.org13 N Genesee St, 60085-4309 · Waukegan, ILTax-exempt since Feb 2014Publicly supported — 509(a)(2)

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We strengthen communities through local entrepreneurship, transformative real estate development, and access to capital.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 5 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
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
1 of 5
filings with a surplus
Average deficit $93K a year · 21% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $150
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
404% of total assets
Concern: liabilities are 404% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$493K
+8% vs prior year
Spent
$720K
To programs
94%
Net assets
−$1.2M
By yearFY2021–FY2025
Revenue
$493K
FY2025▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2021$282K
FY2022$268K
FY2023$747K
FY2024$457K
FY2025$493K
Expenses
$720K
FY2025▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2021$417K
FY2022$334K
FY2023$653K
FY2024$586K
FY2025$720K
Net assets
−$1.2M
FY2025▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2021−$969K
FY2022−$1.0M
FY2023−$942K
FY2024−$1.0M
FY2025−$1.2M

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2014.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $676K Management & general 6% · $44K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Treasuer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Secretary-General
$0Pt VII · Sec A

Darren Miller’s $2K as Secretary, General Counsel (non-Voting) is at the 2nd percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Greater Waukegan Development Coalition 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Empowering communities by fostering local businesses, revitalizing real estate, and providing funding.

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Provided by the organization

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3 programs · $676K · in their own filed words · FY2024
01

Small Business Support (formerly Program Development)

This program provides technical assistance and various forms of small business support. Key accomplishments

$606Kprogram expense
02

Innovates

The GWDC Facility is a remodeled, repurposed 8,000 square foot former police sub-station in downtown Waukegan containing conference/training rooms, meeting spaces, and state-of-the-art networking and telecommunications systems. This facility currently serves as an economic development center.

$65Kprogram expense
03

Gwdc Celebrates

A series of multicultural festivals and events that bring residents together to celebrate, build community, and enjoy local downtown and waterfront spaces. No in-person events were held during the 2022 tax year, but planning is in place for an event during the 2023-2024 fiscal year.

$5Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$150
Grants paid · 3 grants · $380K · 2022–2024

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$493K
Ln 12
Gifts and grantsLn 1h$478K
Fees for servicesLn 2g$16K
Money outPt IX
$720K
Ln 25
Programscol B$676K
Managementcol C$44K
Owns and owesPt X
−$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$410K
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$478K
Government grantsLn 1e$469K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$16K
Total revenueLn 12$493K
Assets in detailPt X, end of year
CashLn 1$99K
Cash and savings togetherLn 1–2$99K
Land, buildings, equipmentLn 10c$259K
Total assetsLn 16$410K
LiabilitiesLn 26$1.7M
Net assetsLn 32−$1.2M
OperationsPt I, VI
EmployeesI 55
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$102K$99K
Land, buildings, equipmentLn 10c$259K$259K
Total assetsLn 16$452K$410K
LiabilitiesLn 26$1.5M$1.7M
Net assetsLn 32−$1.0M−$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$259K$259K
Other salaries and wagesLn 7$205K$180K$25K
Other employee benefitsLn 9$750$750
Payroll taxesLn 10$16K$16K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$19K$15K$4K
Other fees for servicesLn 11g$125K$124K$450
Advertising and promotionLn 12$615$425$190
Office expensesLn 13$8K$8K$454
Information technologyLn 14$7K$190$7K
OccupancyLn 16$62K$62K$80
TravelLn 17$207$207
Conferences, conventions and meetingsLn 19$10K$5K$5K
InsuranceLn 23$500$500
All other expensesLn 24e$2K$180$2K
Total functional expensesLn 25$720K$676K$44K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $493K$720K−$227K−$1.2M 990 PDF
FY2024 $457K$586K−$129K−$1.0M 990 PDF
FY2023 $747K$653K$94K−$942K 990 PDF
FY2022 $268K$334K−$66K−$1.0M 990 PDF
FY2021 $282K$417K−$135K−$969K 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 (6 parts)
Part I · Summary $493,211 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $460,648$477,509
I-9 Program service revenuePrior year $20,291$15,702
I-10 Investment income$0
I-11 Other revenuePrior year −$23,661$0
I-12 Total revenuePrior year $457,278$493,211
I-13 Grants and similar amounts paidPrior year $8,000$258,813
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $237,763$221,905
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $340,101$239,384
I-18 Total expensesPrior year $585,864$720,102
I-19 Revenue less expensesPrior year −$128,586−$226,891
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $493,211 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$469,009
VIII-1f All other contributions, gifts and grants$8,500
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$477,509
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,702 · Unrelated business $0 · Excluded from tax $0$15,702
VIII-12 Total revenueRelated to mission $15,702 · Unrelated business $0 · Excluded from tax $0$493,211
Part IX · Statement of functional expenses $720,102 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $258,813$258,813
IX-7 Other salaries and wagesPrograms $180,190 · Management $25,272$205,462
IX-9 Other employee benefitsPrograms $750$750
IX-10 Payroll taxesPrograms $15,693$15,693
IX-11b Legal feesPrograms $5,000$5,000
IX-11c Accounting feesPrograms $15,360 · Management $3,840$19,200
IX-11g Other fees for servicesPrograms $124,320 · Management $450$124,770
IX-12 Advertising and promotionPrograms $425 · Management $190$615
IX-13 Office expensesPrograms $7,994 · Management $454$8,448
IX-14 Information technologyPrograms $190 · Management $6,881$7,071
IX-16 OccupancyPrograms $61,783 · Management $80$61,863
IX-17 TravelManagement $207$207
IX-19 Conferences, conventions and meetingsPrograms $5,169 · Management $4,557$9,726
IX-23 InsuranceManagement $500$500
IX-24e All other expensesPrograms $180 · Management $1,804$1,984
IX-25 Total functional expensesPrograms $675,867 · Management $44,235 · Fundraising $0$720,102
Part X · Balance sheet $410,256 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $102,355$99,028
X-4 Accounts receivableStart of year $9,687$52,289
X-10c Land, buildings and equipment, netStart of year $258,940$258,939
X-16 Total assetsStart of year $452,253$410,256
X-17 Accounts payable and accrued expensesStart of year $92,529$290,947
X-19 Deferred revenueStart of year $180$7,841
X-26 Total liabilitiesStart of year $1,481,733$1,658,947
X-27 Net assets without donor restrictionsStart of year −$1,029,480−$1,273,691
X-28 Net assets with donor restrictionsStart of year $0$25,000
X-32 Total net assets or fund balancesStart of year −$1,029,480−$1,248,691
X-33 Total liabilities and net assetsStart of year $452,253$410,256
Part XI · Reconciliation of net assets −$1,248,691 net assets at year end
XI-1 Total revenue$493,211
XI-2 Total expenses$720,102
XI-3 Revenue less expenses−$226,891
XI-4 Net assets at start of year−$1,029,480
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$7,680
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,248,691

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

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