Form 990 for tax year 2023
Filed by KNOX COUNTY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $19,267
- Total expenses
- $7,536
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $19,202
- Investment income
- $65
- Other revenue
- $0
- Total assets, end of year
- $1,220,975
- Total liabilities, end of year
- $287,899
- Net assets or fund balances, end of year
- $933,076
- Program services expenses (Part IX)
- $7,536
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,536
Program services were 100.0% 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.
-
2a · Program service revenue: FARM LAND
total $19,202 · related or exempt $19,202
-
3 · Investment income
total $65 · excluded $65
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $2,550 · program services $2,550
-
16 · Occupancy
total $4,481 · program services $4,481
-
24a · Other expenses: SOFTWARE
total $500 · program services $500
-
24b · Other expenses: MISCELLANEOUS
total $5 · program services $5
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $86,295 · end of year $97,971
-
7 · Other notes and loans receivable
beginning of year $500,000 · end of year $500,000
-
10a · Land, buildings and equipment: cost or other basis
$623,004
-
10c · Land, buildings and equipment, net
beginning of year $623,004 · end of year $623,004
-
17 · Accounts payable and accrued expenses
beginning of year $4,104 · end of year $4,049
-
23 · Secured mortgages and notes payable
beginning of year $283,850 · end of year $283,850
-
27 · Net assets without donor restrictions
beginning of year $921,345 · end of year $933,076
Mission and programs · 2023
Mission
TO PROMOTE ECONOMIC DEVELOPMENT IN KNOX COUNTY, ILLINOIS.
-
INVESTMENT AND DEVELOPMENT OF BUSINESS PARK IN WHICH THE DEVELOPED LAND IS TO BE PROMOTED AND SOLD TO BUSINESSES TO PROMOTE ECONOMIC DEVELOPMENT IN THE KNOX COUNTY ILLINOIS AREA.
Expenses $7,536
As filed on the 2023 return.
Listed in Part VII
-
LISA DEKEZEL
DIRECTOR
- Total calculated
- $0
-
JOSH GIBB
DIRECTOR
- Total calculated
- $0
-
ERIC HANSON
DIRECTOR
- Total calculated
- $0
-
JARED HAWKINSON
DIRECTOR
- Total calculated
- $0
-
REBECCA KING
VICE CHAIR
- Total calculated
- $0
-
C ANDREW MCGADNEY
TRUSTEE/DIRE
- Total calculated
- $0
-
JOHN PRITCHARD
CHAIR
- Total calculated
- $0
-
DOUG SANDERS
DIRECTOR
- Total calculated
- $0
-
PETER SCHWARTZMAN
DIRECTOR
- Total calculated
- $0
-
CANDY WEBB
TRUSTEE/DIRE
- Total calculated
- $0
-
KENNETH SPRINGER
PRESIDENT
- 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
- 11 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403209349306850
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