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Nonprofiteer
← ILLINOIS GROWTH ENTERPRISES INC

Form 990 for tax year 2022

Filed by ILLINOIS GROWTH ENTERPRISES INC.

Totals

Total revenue
$342,483
Total expenses
$241,506
Contributions and grants received
$257,294
Grants paid
$180,344
Program service revenue
$0
Investment income
$85,053
Other revenue
$136
Total assets, end of year
$4,407,981
Total liabilities, end of year
$1,858
Net assets or fund balances, end of year
$4,406,123
Program services expenses (Part IX)
$203,186
Management and general expenses
$38,320
Fundraising expenses
$0
Program service expenses (Part III)
$203,186

Program services were 84.1% 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.

  • 1f · All other contributions, gifts and grants

    $257,294

  • 3 · Investment income

    total $71,025 · excluded $71,025

  • 7a · Gross sales of assets other than inventory

    securities $14,028

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $14,028

  • 7d · Net gain or loss

    total $14,028 · excluded $14,028

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $136 · excluded $136

  • 11e · Other revenue, total

    $136

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $180,344 · program services $180,344

  • 11a · Fees: management

    total $16,000 · program services $16,000

  • 11f · Fees: investment management

    total $14,368 · management and general $14,368

  • 12 · Advertising and promotion

    total $6,842 · program services $6,842

  • 23 · Insurance

    total $6,806 · management and general $6,806

  • 24a · Other expenses: BANK FEES

    total $17,122 · management and general $17,122

  • 24b · Other expenses: MISCELLANEOUS

    total $24 · management and general $24

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,543,132 · end of year $1,621,102

  • 3 · Pledges and grants receivable

    beginning of year $105,416 · end of year $106,839

  • 4 · Accounts receivable

    beginning of year $809 · end of year $2,427

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,419 · end of year $5,051

  • 11 · Investments: publicly traded securities

    beginning of year $2,228,928 · end of year $2,385,643

  • 15 · Other assets

    beginning of year $320,491 · end of year $286,919

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $112

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,746

  • 27 · Net assets without donor restrictions

    beginning of year $3,848,596 · end of year $4,048,480

  • 28 · Net assets with donor restrictions

    beginning of year $355,599 · end of year $357,643

Mission and programs · 2022

Mission

TO EDUCATE AND PROMOTE THE WELFARE OF THE DEVELOPMENTALLY DISABLED IN NORTHERN ILLINOIS.

  • ILLINOIS GROWTH ENTERPRISES (IGE), AN AFFILIATE OF BRIDGEWAY, INC, IS A NOT-FOR-PROFIT ENTITY THAT SUPPORTS THE PROVISION OF COMPREHENSIVE VOCATIONAL SERVICES TO PERSONS WITH DISABILITIES IN WINNEBAGO AND BOONE COUNTIES IN ILLINOIS. THE OBJECTIVE OF IGE, THROUGH BRIDGEWAY, IS TO SERVE ANY PERSON WHO CAN BENEFIT FROM ITS ARRAY OF SERVICES WITHOUT REGARD TO DISABILITY, DEPENDENT STATUS, RACE, COLOR, NATIONAL ORIGIN OR AGE.

    Expenses $203,186 · Grants $180,344

As filed on the 2022 return.

Listed in Part VII

  • BOB GOUGH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • BEAU INGLEDUE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • LIBBY MULDOWNEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • WILLIAM NELSON

    CEO

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • JOHANNA PETZEL

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL WILCOP

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • STACI DANNER

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • JENNIFER DALTON

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
30 January 2024
IRS schema version
2022v5.0
Source object
202400519349300310

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