Form 990 for tax year 2022
Filed by LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,565,148
- Total expenses
- $1,742,108
- Contributions and grants received
- $1,554,335
- Grants paid
- $65,000
- Program service revenue
- $0
- Investment income
- $10,813
- Other revenue
- $0
- Total assets, end of year
- $2,327,244
- Total liabilities, end of year
- $202,191
- Net assets or fund balances, end of year
- $2,125,053
- 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.
-
1b · Membership dues
$704,335
-
1e · Government grants (contributions)
$850,000
-
3 · Investment income
total $10,813 · excluded $10,813
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $65,000
-
5 · Compensation of officers, directors and key employees
total $199,498
-
7 · Other salaries and wages
total $282,467
-
8 · Pension plan contributions
total $14,465
-
9 · Other employee benefits
total $36,020
-
10 · Payroll taxes
total $33,446
-
11c · Fees: accounting
total $19,106
-
11g · Fees: other
total $444,110
-
12 · Advertising and promotion
total $350,104
-
13 · Office expenses
total $6,079
-
14 · Information technology
total $23,138
-
16 · Occupancy
total $61,576
-
17 · Travel
total $33,956
-
19 · Conferences, conventions and meetings
total $9,499
-
22 · Depreciation, depletion and amortization
total $24,150
-
23 · Insurance
total $4,669
-
24a · Other expenses: PROFESSIONAL DEVELOPMEN
total $100,346
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $25,933
-
24c · Other expenses: TELEPHONE AND INTERNET
total $5,491
-
24d · Other expenses: MISCELLANEOUS
total $2,650
-
24e · All other expenses
total $405
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,247,494 · end of year $2,114,064
-
3 · Pledges and grants receivable
beginning of year $33,150 · end of year $86,250
-
9 · Prepaid expenses and deferred charges
beginning of year $23,336 · end of year $24,425
-
10a · Land, buildings and equipment: cost or other basis
$120,754
-
10b · Land, buildings and equipment: accumulated depreciation
$74,219
-
10c · Land, buildings and equipment, net
beginning of year $70,685 · end of year $46,535
-
15 · Other assets
beginning of year $0 · end of year $55,970
-
17 · Accounts payable and accrued expenses
beginning of year $47,459 · end of year $112,612
-
25 · Other liabilities
beginning of year $25,193 · end of year $89,579
-
27 · Net assets without donor restrictions
beginning of year $2,268,863 · end of year $2,038,803
-
28 · Net assets with donor restrictions
beginning of year $33,150 · end of year $86,250
Mission and programs · 2022
Mission
TO PURSUE ECONOMIC PROSPERITY AND GROWTH FOR SANGAMON COUNTY AND THE CITY OF SPRINGFIELD BY CREATING A FINANCIALLY SOUND COMMUNITY ABLE TO ATTRACT NEW BUSINESSES AND SKILLED TALENT, WHILE RETAINING TODAY'S PROFITABLE COMPANIES AND THEIR LOCAL WORKFORCE.
Activities or mission (Part I)
TO PURSUE ECONOMIC PROSPERITY AND GROWTH FOR SANGAMON COUNTY AND THE CITY OF SPRINGFIELD BY CREATING A FINANCIALLY SOUND COMMUNITY ABLE TO ATTRACT NEW BUSINESSES AND SKILLED TALENT, WHILE RETAINING THE PROFITABLE COMPANIES AND LOCAL WORKFORCE WHO ALREADY MAKE SANGAMON COUNTY THEIR HOME.
-
LLEDC CONTINUED AND GREW THE BUSINESS RETENTION AND EXPANSION (BRE) PROGRAM THAT WAS STARTED IN 2021. AT THE BRE MEETINGS, LLEDC STAFF ALSO WORKS TO ENCOURAGE BUSINESSES TO EXPAND AND CONNECT THEM TO RESOURCES TO ASSIST THEM. THE COMMUNITY MARKETING CAMPAIGN CONTINUES TO BE SUCCESSFUL WITH OVER 5 MILLION VIEWS OF THE DIGITAL MARKETING EFFORTS. WORKERS IN THE COMMUNITY STAYED ENGAGED WITH THE METRO AREA SURPASSING ITS PRE-PANDEMIC EMPLOYMENT LEVELS AND AVERAGE WAGES ALSO SHOWING SIGNIFICANT INCREASES. TOTAL EMPLOYMENT INCREASED MORE THAN 2% OVER THE PREVIOUS YEAR AND MORE THAN 1.5% OVER PRE-PANDEMIC LEVELS. MAJOR ENERGY DEVELOPMENTS CONTINUE WITH THE $800 MILLION DOUBLE BLACK DIAMOND SOLAR DEVELOPMENT BREAKING GROUND IN OCTOBER 2022. STAFF MADE DOZENS OF VISITS WITH NATIONAL SITE SELECTION CONSULTANTS TO GROW THEIR AWARENESS OF THE COMMUNITY IN REGARDS TO BUSINESS ATTRACTION OPPORTUNITIES AND LOCATIONS.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mike AielloMIKE AIELLO
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Ed CurtisED CURTIS
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah PhalenSARAH PHALEN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Charlotte WarrenDR CHARLOTTE WARREN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Satch PecoriSATCH PECORI
CHAIR OF THE NOMINATING CO
- Total calculated
- $0
- Hours/week
- 1
-
Dan DunganDAN DUNGAN
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Marita ZuraitisMARITA ZURAITIS
EXECUTIVE COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Damond BoatwrightDAMOND BOATWRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hy BunnHY BUNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer GillJENNIFER GILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Janet GoochJANET GOOCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Aaron GurnseyAARON GURNSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark HannaMARK HANNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Geoff IsringhausenGEOFF ISRINGHAUSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marcus JohnsonMARCUS JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason KnoedlerJASON KNOEDLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim LangfelderJIM LANGFELDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan LeviRYAN LEVI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan MeckesDAN MECKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike O'SheaMIKE O'SHEA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Clint PaulCLINT PAUL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike MurphyMIKE MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andy Van MeterANDY VAN METER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dominic WatsonDOMINIC WATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ray WilliamsRAY WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan McCradyRYAN MCCRADY
EXECUTIVE DIRECTOR
- Total calculated
- $199,498
- From this org
- $199,498
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $199,498
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $199,498
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
UIS INNOVATE SPRINGFIELD
$0
BUSINESS INCUBATION PROGRAMMING
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 31 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333059349301533
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