Form 990 for tax year 2024
Filed by KNOX COUNTY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $19,265
- Total expenses
- $7,204
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $19,202
- Investment income
- $63
- Other revenue
- $0
- Total assets, end of year
- $1,233,036
- Total liabilities, end of year
- $287,899
- Net assets or fund balances, end of year
- $945,137
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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 $63 · excluded $63
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $2,335
-
16 · Occupancy
total $4,869
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $97,971 · end of year $110,032
-
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 $4,049 · 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 $933,076 · end of year $945,137
Mission and programs · 2024
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.
As filed on the 2024 return.
Listed in Part VII
-
Adam VitaleADAM VITALE
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
Josh GibbJOSH GIBB
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
C Andrew McGadneyC ANDREW MCGADNEY
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
John PritchardJOHN PRITCHARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
Becky KingBECKY KING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
Sara Yemm-WitherellSARA YEMM-WITHERELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
Seamus ReillySEAMUS REILLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
Doug HankesDOUG HANKES
BOARD MEMBER (FROM NOVEMBER 2024)
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
Doug SandersDOUG SANDERS
BOARD MEMBER (FROM NOVEMBER 2024)
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
Marshall SchraderMARSHALL SCHRADER
BOARD MEMBER (FROM NOVEMBER 2024)
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
John AsplundJOHN ASPLUND
BOARD MEMBER (FROM NOVEMBER 2024)
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
Eric HansonERIC HANSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
Peter SchwartzmanPETER SCHWARTZMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
Jared HawkinsonJARED HAWKINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
Ken SpringerKEN SPRINGER
PRESIDENT
- Total calculated
- $141,615
- From this org
- $0
- From related orgs
- $129,780
- Other
- $11,835
- Hours/week
- 1 + 40 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
No itemized grants to organizations 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.
-
KNOX COUNTY AREA PARTNERSHIP FOR ECONOMIC DEVELOPMENT
501(C)6 · REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION · IL
Directly controlled by THE KNOX COUNTY AREA PARTNERSHIP FOR ECONOMIC DEVELOPMENT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503159349303635
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.