Tri- County Economic Development Alliance INC FY2020 filing

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Foster Economic Development in northwest illinois

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
27¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $12K a year · 6% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
27%
of spending
27% of spending went to programs.
Pt IX · Ln 25 · col B
9.8 mo
of spending, in cash
9.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $114K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$2K
1% of total assets
Liabilities are 1% of assets.
Pt X · Ln 26
Independent board members
11
of 12 voting members
11 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$166K
Spent
$144K
To programs
27%
Net assets
$118K
By yearFY2020–FY2025
Revenue
$166K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$166K
FY2021$194K
FY2022$171K
FY2023$196K
FY2024$182K
FY2025$254K
Expenses
$144K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$144K
FY2021$162K
FY2022$151K
FY2023$173K
FY2024$208K
FY2025$252K
Net assets
$118K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$118K
FY2021$149K
FY2022$170K
FY2023$192K
FY2024$166K
FY2025$167K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2009.

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

Where the money goes

27 cents of each dollar spent went to programs.

Program services 27% · $38K Management & general 73% · $105K Fundraising 1% · $1K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Tri- County Economic Development Alliance INC executive salaries →

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

Promotes economic growth in Northwest Illinois.

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1 program · $38K · in their own filed words · FY2020
01

Tceda works iwth businesses considering movign operations form northwest illinois to other locations. Services include coordination of support with upgrades or relocation within the area as well as researching outside assistance options.

$38Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$114K
Grants paid · 3 grants · $16K · 2023–2025
Unitemized GrantFY2025$5,000
Unitemized GrantFY2024$5,000
Unitemized GrantFY2023$6,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$166K
Ln 12
Gifts and grantsLn 1h$163K
Fees for servicesLn 2g$3K
Investment incomeLn 3$142
Money outPt IX
$144K
Ln 25
Programscol B$38K
Managementcol C$105K
Fundraisingcol D$1K
Owns and owesPt X
$118K
net assets · Ln 32
Cash and savingsLn 1–2$118K
Total assetsLn 16$119K
LiabilitiesLn 26$2K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$163K
Fees for servicesLn 2g$3K
Investment incomeLn 3$142
Total revenueLn 12$166K
Assets in detailPt X, end of year
CashLn 1$64K
SavingsLn 2$53K
Cash and savings togetherLn 1–2$118K
Accounts receivableLn 4$2K
Total assetsLn 16$119K
LiabilitiesLn 26$2K
Net assetsLn 32$118K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$95K$118K
Total assetsLn 16$96K$119K
LiabilitiesLn 26$229$2K
Net assetsLn 32$96K$118K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$16K$16K
Pension plan contributionsLn 8$675$675
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$0
Management feesLn 11a$99K$99K
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$6K$5K$1K
Office expensesLn 13$3K$1K$2K
Information technologyLn 14$3K$3K
RoyaltiesLn 15$0
OccupancyLn 16$3K$3K
TravelLn 17$3K$3K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$443$770
Other expenses (24a–d)Ln 24$4K$3K$350
All other expensesLn 24e$123$123
Total functional expensesLn 25$144K$38K$105K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 26, 2026 $254K$252K$2K$167K 990 PDF
FY2024Filed with the IRS Feb 19, 2025 $182K$208K−$26K$166K 990 PDF
FY2023Filed with the IRS Feb 25, 2024 $196K$173K$22K$192K 990 PDF
FY2022Filed with the IRS Mar 3, 2023 $171K$151K$20K$170K 990 PDF
FY2021Filed with the IRS Mar 2, 2022 $194K$162K$31K$149K 990 PDF
FY2020 ViewingFiled with the IRS Mar 2, 2021 $166K$144K$22K$118K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $165,846 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $170,381$162,527
I-9 Program service revenuePrior year $39,267$3,177
I-10 Investment incomePrior year $230$142
I-11 Other revenue$0
I-12 Total revenuePrior year $209,878$165,846
I-13 Grants and similar amounts paidPrior year $1,000$1,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $37,421$18,311
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $209,089$124,982
I-18 Total expensesPrior year $247,510$144,293
I-19 Revenue less expensesPrior year −$37,632$21,553
Part VI · Governance 11 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
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
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $165,846 across 5 lines filed
VIII-1b Membership dues$162,527
VIII-1h Total contributions, gifts and grants$162,527
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,177$3,177
VIII-3 Investment incomeRelated to mission $142$142
VIII-12 Total revenueRelated to mission $3,319$165,846
Part IX · Statement of functional expenses $144,293 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $1,000$1,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $15,678$15,678
IX-8 Pension plan contributionsPrograms $675$675
IX-9 Other employee benefitsPrograms $1,958$1,958
IX-10 Payroll taxes$0
IX-11a Management feesManagement $99,271$99,271
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,650$2,650
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $4,652 · Fundraising $1,255$5,907
IX-13 Office expensesPrograms $1,215 · Management $1,536$2,751
IX-14 Information technologyPrograms $2,929$2,929
IX-15 Royalties$0
IX-16 OccupancyPrograms $3,002$3,002
IX-17 TravelPrograms $3,496$3,496
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $443 · Management $770$1,213
IX-24 Other expenses (24a–d)Programs $3,290 · Management $350$3,640
IX-24e All other expensesManagement $123$123
IX-25 Total functional expensesPrograms $38,338 · Management $104,700 · Fundraising $1,255$144,293
Part X · Balance sheet $119,320 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $17,099$64,346
X-2 Savings and temporary cash investmentsStart of year $78,147$53,289
X-4 Accounts receivableStart of year $1,075$1,685
X-16 Total assetsStart of year $96,321$119,320
X-17 Accounts payable and accrued expenses$1,000
X-25 Other liabilitiesStart of year $229$675
X-26 Total liabilitiesStart of year $229$1,675
X-31 Retained earnings or endowmentStart of year $96,092$117,645
X-32 Total net assets or fund balancesStart of year $96,092$117,645
X-33 Total liabilities and net assetsStart of year $96,321$119,320
Part XI · Reconciliation of net assets $117,645 net assets at year end
XI-1 Total revenue$165,846
XI-2 Total expenses$144,293
XI-3 Revenue less expenses$21,553
XI-4 Net assets at start of year$96,092
XI-10 Net assets at end of year$117,645

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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