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Nonprofiteer
← GROWING SEASON-ILLINOIS INC

Form 990 for tax year 2024

Filed by GROWING SEASON-ILLINOIS INC.

Totals

Total revenue
-$4,709,142
Total expenses
$292,562
Contributions and grants received
$3,134,267
Grants paid
$0
Program service revenue
$0
Investment income
-$7,843,409
Other revenue
$0
Total assets, end of year
$2,784,468
Total liabilities, end of year
$4,781,339
Net assets or fund balances, end of year
-$1,996,871
Program services expenses (Part IX)
$234,095
Management and general expenses
$30,342
Fundraising expenses
$28,125
Program service expenses (Part III)
$234,095

Program services were 80.0% 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.

  • 1e · Government grants (contributions)

    $1,849,318

  • 1f · All other contributions, gifts and grants

    $1,284,949

  • 3 · Investment income

    total $10,829 · excluded $10,829

  • 7a · Gross sales of assets other than inventory

    other assets $1,350,000

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

    other assets $9,204,238

  • 7c · Gain or loss

    other assets -$7,854,238

  • 7d · Net gain or loss

    total -$7,854,238 · excluded -$7,854,238

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $33,500 · program services $33,500

  • 11b · Fees: legal

    total $756 · management and general $756

  • 11c · Fees: accounting

    total $29,341 · management and general $29,341

  • 11g · Fees: other

    total $89,000 · program services $60,875 · fundraising $28,125

  • 16 · Occupancy

    total $46,538 · program services $46,538

  • 20 · Interest

    total $45,882 · program services $45,882

  • 24a · Other expenses: PROPERTY TAXES

    total $47,300 · program services $47,300

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $245 · management and general $245

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,143,283 · end of year $1,479,256

  • 3 · Pledges and grants receivable

    beginning of year $334,582

  • 7 · Other notes and loans receivable

    end of year $1,304,317

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,261 · end of year $895

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,734,259

  • 17 · Accounts payable and accrued expenses

    beginning of year $183,104 · end of year $2,087,379

  • 23 · Secured mortgages and notes payable

    beginning of year $651 · end of year $2,631,805

  • 25 · Other liabilities

    beginning of year $47,797 · end of year $62,155

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,004,833 · end of year -$1,996,871

Mission and programs · 2024

Mission

TO PROMOTE INDIVIDUAL AND COMMUNITY WELLNESS BY DEVELOPING SPACES AND PROJECTS IN UNDERSERVED COMMUNITIES WHERE LEVELS OF UNEMPLOYMENT AND POVERTY LIMIT OPPORTUNITIES, AND BY PROVIDING TRAINING, MENTORING, HOLISTIC-HEALTH PROGRAMS, AND COMMERCIAL OPPORTUNITIES THROUGH THESE SPACES AND PROJECTS TO INDIVIDUALS WHO ARE FROM, AND REPRESENTATIVE OF, THESE COMMUNITIES AND, CONSEQUENTLY, ARE OFTEN UNABLE TO OBTAIN SUCH SERVICES AND OPPORTUNITIES.

  • THE INITIATIVE FOCUSES ON THE DEVELOPMENT OF PROPERTIES IN COMMUNITIES WHERE HIGH UNEMPLOYMENT AND POVERTY LIMIT OPPORTUNITY, WITH THE GOAL OF REVITALIZING THESE AREAS THROUGH INCLUSIVE ECONOMIC GROWTH. IT PROVIDES TARGETED ASSISTANCE TO RACIAL-MINORITY AND LOW-INCOME INDIVIDUALS BY ENABLING THEM TO OWN OR OPERATE COMMERCIAL ENTERPRISES WITHIN THE NEWLY DEVELOPED PROPERTIES. IN DECEMBER 2024, THE ORGANIZATION SOLD THE AUX, AS INITIALLY PLANNED TO AUXILIARY CORD LLC, A COMMUNITY-OWNED ENTITY THAT WILL CARRY THE ORGANIZATION'S MISSION AND SERVE THE COMMUNITY. THE INITIATIVE PROMOTES THE EMOTIONAL, PHYSICAL, AND FINANCIAL WELL-BEING OF COMMUNITY MEMBERS THROUGH ACCESSIBLE, COMMUNITY-BASED TRAINING PROGRAMS DESIGNED TO BUILD SKILLS, RESILIENCE, AND LONG-TERM SUCCESS.

    Expenses $234,095

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lori Laser

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • John Eason

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • Ramaa Krishnan

    SECRETARY

    Total calculated
    $0
    Hours/week
    4
  • Berenice Sanchez

    TREASURY

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4
  • Tiffini Holmes

    DIRECTOR AND CO-DEVELOPER

    Total calculated
    $44,500
    From this org
    $44,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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.

  • THE AUXILIARY CORD LLC

    $9,204,238

    Disposition · BUILDING · Dec 2, 2024 · LLC

Provenance

Return type
form_990
Tax year
2024
Filed
8 September 2025
IRS schema version
2024v5.2
Source object
202533099349302628

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