Skip to content
Nonprofiteer
← ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC

Form 990 for tax year 2023

Filed by ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC.

Totals

Total revenue
$676,959
Total expenses
$507,963
Contributions and grants received
$647,410
Grants paid
$0
Program service revenue
$0
Investment income
$265
Other revenue
$29,284
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $549,576

  • 1e · Government grants (contributions)

    $97,834

  • 3 · Investment income

    total $265 · excluded $265

  • 11a · Other revenue: MISCELLANEOUS

    total $29,284 · excluded $29,284

  • 11e · Other revenue, total

    $29,284

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $125,365

  • 7 · Other salaries and wages

    total $154,326

  • 8 · Pension plan contributions

    total $5,376

  • 9 · Other employee benefits

    total $10,156

  • 10 · Payroll taxes

    total $18,256

  • 11b · Fees: legal

    total $3,915

  • 11g · Fees: other

    total $94,793

  • 12 · Advertising and promotion

    total $6,000

  • 13 · Office expenses

    total $9,675

  • 16 · Occupancy

    total $57,795

  • 17 · Travel

    total $5,461

  • 19 · Conferences, conventions and meetings

    total $5,785

  • 22 · Depreciation, depletion and amortization

    total $1,614

  • 23 · Insurance

    total $827

  • 24a · Other expenses: TELEPHONE

    total $4,058

  • 24b · Other expenses: BANK FEES

    total $1,536

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $293

  • 24e · All other expenses

    total $2,732

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $186,510

  • 2 · Savings and temporary cash investments

    beginning of year $11,784

  • 4 · Accounts receivable

    beginning of year $95,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,778

  • 10c · Land, buildings and equipment, net

    beginning of year $3,326

  • 14 · Intangible assets

    beginning of year $93,775

  • 17 · Accounts payable and accrued expenses

    beginning of year $138,419

  • 19 · Deferred revenue

    beginning of year $385,604

  • 25 · Other liabilities

    beginning of year $94,531

  • 27 · Net assets without donor restrictions

    beginning of year -$224,631

Mission and programs · 2023

Mission

THE ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL CULTIVATES OPPORTUNITIES FOR PRIMARY JOB GROWTH THAT INCREASE THE ECONOMIC WELL-BEING OF OUR REGION

  • BUSINESS ATTRACTION: ATTRACTING BUSINESSES TO LOCATE OR RELOCATE TO THE ROCKFORD AREA.

  • BUSINESS EXPANSION & RETENTION: ASSISTING EXISTING AREA BUSINESSES TO RETAIN OR EXPAND.

  • BUSINESS CLIMATE SERVICES: WORK WITH CURRENT AND POTENTIAL RAEDC INVESTORS REGARDING ECONOMIC DEVELOPMENT ISSUES.

As filed on the 2023 return.

Listed in Part VII

  • Wendy Alsteen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Christopher Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • David Anspaugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Edward Berg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Conor Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Sully Cadenga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Gina Caronna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Eric Cunningham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Rebecca Epperson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • David Forward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Karl Franzen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • George Gaulrapp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dan Giovanetti

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Alan Golden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Thomas Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • John Groh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michael Gronewold

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    5

  • Caitlin Pusateri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • James Richter II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • James Rozinsky

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Grant Sjostrom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Therese Thill

    PRESIDENT/CE

    Total calculated
    $128,128
    From this org
    $0
    From related orgs
    $108,999
    Other
    $19,129
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • GREATER ROCKFORD CHAMBER OF COMMERC

    $76,674

    Disposition · BANK ACCOUNTS · Oct 1, 2023 · 501(C)6

  • GREATER ROCKFORD CHAMBER OF COMMERC

    $5,000

    Disposition · ACCOUNTS RECEIVABLE · Oct 1, 2023 · 501(C)6

  • GREATER ROCKFORD CHAMBER OF COMMERC

    $44,086

    Disposition · PREPAID EXPENSES · Oct 1, 2023 · 501(C)6

  • GREATER ROCKFORD CHAMBER OF COMMERC

    $1,712

    Disposition · FIXED ASSETS, NET · Oct 1, 2023 · 501(C)6

  • GREATER ROCKFORD CHAMBER OF COMMERC

    $18,993

    Disposition · RIGHT OF USE, NET · Oct 1, 2023 · 501(C)6

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202443209349310879

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.