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Nonprofiteer
← ILLINOIS MANUFACTURING EXCELLENCE CENTER

Form 990 for tax year 2024

Filed by ILLINOIS MANUFACTURING EXCELLENCE CENTER.

Totals

Total revenue
$17,807,817
Total expenses
$16,575,962
Contributions and grants received
$9,197,388
Grants paid
$6,239,770
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$15,355,799
Management and general expenses
$1,220,163
Fundraising expenses
$0
Program service expenses (Part III)
$15,355,799

Program services were 92.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • David Boulay

    President

    Total calculated
    $360,050
    From this org
    $360,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,050
    Bonus
    $50,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $360,050

  • Marcia Ayala

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • Robert Barnett

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • David Carroll

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • Pedro DeJesus

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • David Fox

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • Mike Loquercio

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • Robert Herrmann

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • Ashley Moy

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • Caitlin Simhauser

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • Jeff Taylor

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • Craig Van den Avont

    Past Chair

    Total calculated
    $0
    Hours/week
    0.7

  • Karen Watson

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • Jim Nelson

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • Mauro Frangipani

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • Michele Drew Rodriguez

    Chair

    Total calculated
    $0
    Hours/week
    0.7

  • Scott Rempala

    Finance Committee Chair

    Total calculated
    $0
    Hours/week
    0.7

  • Margy Sweeney

    Governance Committee Chair

    Total calculated
    $0
    Hours/week
    0.7

  • Alex Nadotichy

    Director

    Total calculated
    $0
    Hours/week
    0.7

  • Anthony Browning

    Director

    Total calculated
    $0
    Hours/week
    0.7

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings

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
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
Compensation for IMEC's president is established by IMEC's board of directors' personnel committee and approved by the full board. The board reviews data gathered from comparable organizations in setting salary.
Schedule J, Part I, Line 6
Net earnings along with other organizational performance metrics are used to determine IMEC's annual bonus.

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

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.0
Source object
202621289349301742

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