Form 990 for tax year 2024
Filed by CALUMET AREA INDUSTRIAL COMMISSION.
Totals
- Total revenue
- $5,589,877
- Total expenses
- $5,523,902
- Contributions and grants received
- $5,571,365
- Grants paid
- $4,907,224
- Program service revenue
- $3,383
- Investment income
- $0
- Other revenue
- $15,129
- Total assets, end of year
- $1,412,750
- Total liabilities, end of year
- $645,033
- Net assets or fund balances, end of year
- $767,717
- Program services expenses (Part IX)
- $5,459,596
- Management and general expenses
- $40,004
- Fundraising expenses
- $24,302
- Program service expenses (Part III)
- $5,459,596
Program services were 98.8% 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.
-
1b · Membership dues
$128,297
-
1e · Government grants (contributions)
$5,443,068
-
2a · Program service revenue: SERVICE AREA REIMBURSEMEN
total $3,383 · related or exempt $3,383
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$15,129
-
8c · Net income from fundraising events
total $15,129
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,907,224 · program services $4,907,224
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $308,659 · program services $308,659
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $14,063 · program services $9,985 · management and general $1,547 · fundraising $2,531
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $2,648 · management and general $2,648
-
10 · Payroll taxes
total $2,114 · program services $1,522 · management and general $381 · fundraising $211
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $19,503 · program services $17,553 · management and general $975 · fundraising $975
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $36,166 · program services $33,113 · management and general $1,180 · fundraising $1,873
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $76,377 · program services $53,776 · management and general $15,041 · fundraising $7,560
-
17 · Travel
total $5,763 · program services $5,417 · management and general $346
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $3,350 · management and general $3,350
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $10,595 · program services $9,535 · management and general $1,060
-
24a · Other expenses: TECHNICAL MEETING COST
total $28,680 · program services $28,680
-
24b · Other expenses: Printing and Publications
total $27,005 · program services $25,611 · management and general $1,394
-
24c · Other expenses: TELEPHONE
total $20,783 · program services $20,783
-
24d · Other expenses: GRANT PREPARATION
total $16,844 · program services $12,633 · management and general $1,684 · fundraising $2,527
-
24e · All other expenses
total $44,128 · program services $25,105 · management and general $10,398 · fundraising $8,625
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $148,989 · end of year $150,668
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $915,962 · end of year $1,014,972
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $17,720
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $229,390
-
17 · Accounts payable and accrued expenses
beginning of year $363,209 · end of year $406,936
-
25 · Other liabilities
end of year $238,097
-
27 · Net assets without donor restrictions
beginning of year $701,742 · end of year $767,717
Mission and programs · 2024
Mission
VOLUNTARY ASSOCIATION OF INDUSTRY AND SUPPLIERS TO INDUSTRY, WHICH EXISTS TO ATTRACT, DEVELOP AND RETAIN INDUSTRY IN THE CALUMET REGION.
-
VOLUNTARY ASSOCIATION OF INDUSTRY AND SUPPLIERS TO INDUSTRY, WHICH EXISTS TO ATTRACT, DEVELOP AND RETAIN INDUSTRY IN THE CALUMET REGION.
Expenses $5,459,596 · Grants $5,215,883 · Revenue $5,443,068
As filed on the 2024 return.
Listed in Part VII
-
THEODORE STALNOS
PRESIDENT CEO
- Total calculated
- $173,765
- From this org
- $173,765
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
GRACE GARCIA
COO
- Total calculated
- $134,894
- From this org
- $134,894
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
THEODORE STALNOS
COO
- Total calculated
- $0
- Hours/week
- 0
-
GRACE GARCIA
President & CEO
- Total calculated
- $0
- Hours/week
- 0
-
DAVID DILLION
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
ALBERT RAFFIN
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
MICHELE STICKLE
Director
- Total calculated
- $0
- Hours/week
- 2
-
MARK OMALLEY
Director
- Total calculated
- $0
- Hours/week
- 2
-
BILL CULLEN
Director
- Total calculated
- $0
- Hours/week
- 2
-
JOHN CZULNO
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
BILL HASSE
Director
- Total calculated
- $0
- Hours/week
- 2
-
SIMON BEEMSTERBOER
Director
- Total calculated
- $0
- Hours/week
- 2
-
TONY REINHART
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
TOM VAN ETTEN
Director
- Total calculated
- $0
- Hours/week
- 2
-
EDWARD GARNER
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
DAVID DOIG
Director
- Total calculated
- $0
- Hours/week
- 2
-
MEGAN DUNN
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
FRANK IGLESKI
Director
- Total calculated
- $0
- Hours/week
- 2
-
TOM LIVINGSTON
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
MIKE BARIKENON
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
CORY FOSTER
Director
- Total calculated
- $0
- Hours/week
- 2
-
BILL SANDRICK
Director
- Total calculated
- $0
- Hours/week
- 2
-
DARICE WRIGHT
Director
- Total calculated
- $0
- Hours/week
- 2
-
JIM DUNNE
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
HAL TOLIN
Director
- Total calculated
- $0
- Hours/week
- 2
-
PATRICIA RYAN-VINCENT
Director
- Total calculated
- $0
- Hours/week
- 2
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.
Schedule J
Itemized on Schedule J with no Part VII listing of the same name on this return:
-
GRACE GARCIA
COO
Schedule J breakdown
- Base
- $134,894
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $134,894
-
THEODORE STALNOS
PRESIDENT CEO
Schedule J breakdown
- Base
- $173,765
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $173,765
Answered yes
- 3 · Compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543179349311064
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