Form 990 for tax year 2022
Filed by EDC INC THE ECONOMIC DEVELOPMENT COUNCIL FOR THE PEORIA AREA.
Totals
- Total revenue
- $1,229,898
- Total expenses
- $1,361,959
- Contributions and grants received
- $1,139,599
- Grants paid
- $0
- Program service revenue
- $80,133
- Investment income
- $1,945
- Other revenue
- $8,221
- Total assets, end of year
- $1,286,511
- Total liabilities, end of year
- $292,060
- Net assets or fund balances, end of year
- $994,451
- Program services expenses (Part IX)
- $1,110,409
- Management and general expenses
- $227,521
- Fundraising expenses
- $24,029
- Program service expenses (Part III)
- $1,110,409
Program services were 81.5% 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)
$364,849
-
1f · All other contributions, gifts and grants
$774,750
-
2a · Program service revenue: THE NEST COWORKING SPAC
total $59,838 · related or exempt $59,838
-
2b · Program service revenue: CONTRACT APPLICATION RE
total $20,295 · related or exempt $20,295
-
3 · Investment income
total $1,945 · related or exempt $1,945
-
11d · All other revenue
total $8,221 · related or exempt $8,221
-
11e · Other revenue, total
$8,221
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $180,142 · program services $70,991 · management and general $90,071 · fundraising $19,080
-
7 · Other salaries and wages
total $552,988 · program services $493,220 · management and general $59,768
-
8 · Pension plan contributions
total $12,542 · program services $10,983 · management and general $1,559
-
9 · Other employee benefits
total $4,853 · management and general $4,853
-
10 · Payroll taxes
total $49,588 · program services $36,164 · management and general $9,889 · fundraising $3,535
-
11a · Fees: management
total $134,220 · program services $134,220
-
11g · Fees: other
total $23,443 · program services $23,443
-
12 · Advertising and promotion
total $118,267 · program services $118,267
-
13 · Office expenses
total $14,847 · program services $13,852 · management and general $995
-
16 · Occupancy
total $99,291 · program services $73,672 · management and general $24,205 · fundraising $1,414
-
17 · Travel
total $7,050 · program services $7,050
-
19 · Conferences, conventions and meetings
total $30,109 · program services $30,109
-
22 · Depreciation, depletion and amortization
total $6,615 · management and general $6,615
-
23 · Insurance
total $3,839 · program services $3,582 · management and general $257
-
24a · Other expenses: PROGRAM EXPENSES
total $11,057 · program services $11,057
-
24b · Other expenses: GRANT EXPENSES
total $27,185 · program services $27,185
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $51,478 · program services $51,478
-
24d · Other expenses: EDUCATION AND DEVELOPMENT
total $29,249 · management and general $29,249
-
24e · All other expenses
total $5,196 · program services $5,136 · management and general $60
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $448,786 · end of year $463,968
-
2 · Savings and temporary cash investments
beginning of year $724,056 · end of year $726,001
-
4 · Accounts receivable
beginning of year $82,841 · end of year $67,208
-
9 · Prepaid expenses and deferred charges
beginning of year $10,720 · end of year $14,623
-
10a · Land, buildings and equipment: cost or other basis
$61,015
-
10b · Land, buildings and equipment: accumulated depreciation
$46,304
-
10c · Land, buildings and equipment, net
beginning of year $18,946 · end of year $14,711
-
17 · Accounts payable and accrued expenses
beginning of year $46,232 · end of year $40,249
-
19 · Deferred revenue
beginning of year $127,605 · end of year $251,811
-
27 · Net assets without donor restrictions
beginning of year $1,111,512 · end of year $994,451
Mission and programs · 2022
Mission
THE GREATER PEORIA ECONOMIC DEVELOPMENT COUNCIL (GPEDC) SERVES BUSINESSES AND COMMUNITIES OF THE GREATER PEORIA AREA BY STRENCTHENING LOCAL BUSINESS STRUCTURE AND ASSISTING COMPANIES IN EXPANDING OR RELOCATING TO THE REGION.
-
THE GPEDC PERFORMS ACTIVITIES CENTERED AROUND BUSINESS RETENTION AND EXPANSION, PREPARING COMMUNITIES FOR ECONOMIC RECOVERY, BUSINESS RECRUITMENT, AND BUSINESS PERFORMANCE MEASUREMENTS.
Expenses $1,110,409
As filed on the 2022 return.
Listed in Part VII
-
Christopher SettiCHRISTOPHER SETTI
OFFICER
- Total calculated
- $180,143
- From this org
- $174,813
- From related orgs
- $0
- Other
- $5,330
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,813
- Bonus
- not reported
- Other
- not reported
- Deferred
- $5,330
- Nontaxable benefits
- not reported
- Filer's total
- $180,143
-
Eric WhitfieldERIC WHITFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Brian RayBRIAN RAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Jennifer ZammutoJENNIFER ZAMMUTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Jw PriceJW PRICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Brian OlsonBRIAN OLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Emily DavenportEMILY DAVENPORT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Ryan SpainRYAN SPAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Mike PhelanMIKE PHELAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Jim MathisJIM MATHIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Beth CriderBETH CRIDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Gary ManierGARY MANIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Quintin SmithQUINTIN SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Aaron KilgoreAARON KILGORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Rueben CummingsRUEBEN CUMMINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Don JohnsonDON JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Jamel Santa Cruze WrightJAMEL SANTA CRUZE WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Christell Frausto-DossoCHRISTELL FRAUSTO-DOSSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Chuck NagelCHUCK NAGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Andrew HoneggerANDREW HONEGGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
J David ZimmermanJ DAVID ZIMMERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Matt MamerMATT MAMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Clint HeinoldCLINT HEINOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Leanne SkuseLEANNE SKUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
William BlessmanWILLIAM BLESSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Rick SwanRICK SWAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Rita AliRITA ALI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Danette SwankDANETTE SWANK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Andrew RandANDREW RAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Mark LuftMARK LUFT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Clinton DruryCLINTON DRURY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Amelia BoydAMELIA BOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
James FoleyJAMES FOLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Don ForrestDON FORREST
CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
Songo DedeSONGO DEDE
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
Henry VicaryHENRY VICARY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2.5
-
Sheila Quirk-BaileySHEILA QUIRK-BAILEY
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
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
None.
Answered no
None.
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
- 2022
- Filed
- 30 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321849349300332
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