Form 990 for tax year 2023
Filed by SOUTHERNMOST ILLINOIS DELTA EMPOWERMENT ZONE.
Totals
- Total revenue
- $332,466
- Total expenses
- $381,002
- Contributions and grants received
- $119,000
- Grants paid
- $0
- Program service revenue
- $187,828
- Investment income
- $24,421
- Other revenue
- $1,217
- Total assets, end of year
- $4,528,587
- Total liabilities, end of year
- $790,251
- Net assets or fund balances, end of year
- $3,738,336
- Program services expenses (Part IX)
- $320,681
- Management and general expenses
- $60,321
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $320,681
Program services were 84.2% 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.
-
1e · Government grants (contributions)
$4,000
-
1f · All other contributions, gifts and grants
$115,000
-
2a · Program service revenue: IRP Loan Interest
total $83,792 · related or exempt $83,792
-
2b · Program service revenue: Operating Leases
total $46,350 · related or exempt $46,350
-
2c · Program service revenue: Management Fee Income
total $41,379 · related or exempt $41,379
-
2d · Program service revenue: Revoving Loan Fees
total $4,537 · related or exempt $4,537
-
2e · Program service revenue: Int IncSalestype Leases
total $11,770 · related or exempt $11,770
-
3 · Investment income
total $24,421 · excluded $24,421
-
8a · Fundraising events: gross income
$1,850
-
8b · Fundraising events: direct expenses
$4,445
-
8c · Net income from fundraising events
total -$2,595
-
11a · Other revenue: Miscellaneous Income
total $3,812 · related or exempt $3,812
-
11e · Other revenue, total
$3,812
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $60,343 · program services $60,343
-
7 · Other salaries and wages
total $22,460 · program services $22,460
-
8 · Pension plan contributions
total $1,790 · program services $1,790
-
9 · Other employee benefits
total $515 · program services $515
-
10 · Payroll taxes
total $6,543 · program services $6,543
-
11c · Fees: accounting
total $6,200 · management and general $6,200
-
11g · Fees: other
total $527 · program services $20 · management and general $507
-
16 · Occupancy
total $28,247 · management and general $28,247
-
17 · Travel
total $1,450 · management and general $1,450
-
22 · Depreciation, depletion and amortization
total $32,080 · program services $31,252 · management and general $828
-
23 · Insurance
total $12,958 · program services $6,517 · management and general $6,441
-
24a · Other expenses: IRP Loan Interest
total $8,334 · program services $8,334
-
24b · Other expenses: Supplies, Service, Repair
total $35,013 · program services $23,211 · management and general $11,802
-
24c · Other expenses: Communications
total $4,846 · management and general $4,846
-
24d · Other expenses: Rise Mkt Grant Exp
total $138,708 · program services $138,708
-
24e · All other expenses
total $20,988 · program services $20,988
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,339,116 · end of year $1,362,563
-
3 · Pledges and grants receivable
beginning of year $41,500
-
7 · Other notes and loans receivable
beginning of year $2,119,918 · end of year $2,145,348
-
9 · Prepaid expenses and deferred charges
beginning of year $21,996 · end of year $19,296
-
10a · Land, buildings and equipment: cost or other basis
$838,566
-
10b · Land, buildings and equipment: accumulated depreciation
$149,893
-
10c · Land, buildings and equipment, net
beginning of year $665,918 · end of year $688,673
-
15 · Other assets
beginning of year $378,945 · end of year $312,707
-
17 · Accounts payable and accrued expenses
beginning of year $13,150 · end of year $9,562
-
23 · Secured mortgages and notes payable
beginning of year $857,020 · end of year $780,689
-
27 · Net assets without donor restrictions
beginning of year $3,064,112 · end of year $3,112,072
-
28 · Net assets with donor restrictions
beginning of year $633,111 · end of year $626,264
Mission and programs · 2023
Mission
To promote, encourage, foster and engage in charitable activites and to promote economic development through development, establishment of and expansion of industries.
Activities or mission (Part I)
To encourage foster and engage in charitable activites to promote economic development
-
To encourage, foster, and engage in charitable activities to promote economic development.
Expenses $320,681
As filed on the 2023 return.
Listed in Part VII
-
Rex WilburnREX WILBURN
President
- Total calculated
- $0
-
Robert ReichertROBERT REICHERT
Vice President
- Total calculated
- $0
-
Candy EastwoodCANDY EASTWOOD
Treasurer
- Total calculated
- $0
-
Darryl AndersonDARRYL ANDERSON
Board Member
- Total calculated
- $0
-
Dean Rogan SrDEAN ROGAN SR
Board Member
- Total calculated
- $0
-
Rita FlummerRITA FLUMMER
Board Member
- Total calculated
- $0
-
Thomas SimpsonTHOMAS SIMPSON
Secretary
- Total calculated
- $0
-
Norma TurokNORMA TUROK
Board Member
- Total calculated
- $0
-
Steve PenrodSTEVE PENROD
Board Member
- Total calculated
- $0
-
Willie LongWILLIE LONG
Board Member
- Total calculated
- $0
-
Rollie HawkROLLIE HAWK
Board Member
- Total calculated
- $0
-
Tabatha SmithTABATHA SMITH
Executive Director
- Total calculated
- $63,591
- From this org
- $63,591
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
Matthew EndrizziMATTHEW ENDRIZZI
Board Member
- Total calculated
- $0
-
Mark GlaabMARK GLAAB
Board Member
- Total calculated
- $0
-
Alan KirbyALAN KIRBY
Board Member
- Total calculated
- $0
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520679349300702
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