Skip to content
Nonprofiteer
← GREATER WAUKEGAN DEVELOPMENT COALITION

Form 990 for tax year 2024

Filed by GREATER WAUKEGAN DEVELOPMENT COALITION.

Totals

Total revenue
$493,211
Total expenses
$720,102
Contributions and grants received
$477,509
Grants paid
$258,813
Program service revenue
$15,702
Investment income
$0
Other revenue
$0
Total assets, end of year
$410,256
Total liabilities, end of year
$1,658,947
Net assets or fund balances, end of year
-$1,248,691
Program services expenses (Part IX)
$675,867
Management and general expenses
$44,235
Fundraising expenses
$0
Program service expenses (Part III)
$675,867

Program services were 93.9% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $469,009

  • 1f · All other contributions, gifts and grants

    $8,500

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Co-working service fees

    total $4,545 · related or exempt $4,545 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Incubator income

    total $11,157 · related or exempt $11,157 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $258,813 · program services $258,813

  • 7 · Other salaries and wages

    total $205,462 · program services $180,190 · management and general $25,272

  • 9 · Other employee benefits

    total $750 · program services $750

  • 10 · Payroll taxes

    total $15,693 · program services $15,693

  • 11b · Fees: legal

    total $5,000 · program services $5,000

  • 11c · Fees: accounting

    total $19,200 · program services $15,360 · management and general $3,840

  • 11g · Fees: other

    total $124,770 · program services $124,320 · management and general $450

  • 12 · Advertising and promotion

    total $615 · program services $425 · management and general $190

  • 13 · Office expenses

    total $8,448 · program services $7,994 · management and general $454

  • 14 · Information technology

    total $7,071 · program services $190 · management and general $6,881

  • 16 · Occupancy

    total $61,863 · program services $61,783 · management and general $80

  • 17 · Travel

    total $207 · management and general $207

  • 19 · Conferences, conventions and meetings

    total $9,726 · program services $5,169 · management and general $4,557

  • 23 · Insurance

    total $500 · management and general $500

  • 24e · All other expenses

    total $1,984 · program services $180 · management and general $1,804

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $102,355 · end of year $99,028

  • 3 · Pledges and grants receivable

    beginning of year $81,271

  • 4 · Accounts receivable

    beginning of year $9,687 · end of year $52,289

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

    $344,577

  • 10b · Land, buildings and equipment: accumulated depreciation

    $85,638

  • 10c · Land, buildings and equipment, net

    beginning of year $258,940 · end of year $258,939

  • 17 · Accounts payable and accrued expenses

    beginning of year $92,529 · end of year $290,947

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $180 · end of year $7,841

  • 22 · Loans and payables to officers and key people

    beginning of year $535,826 · end of year $535,826

  • 23 · Secured mortgages and notes payable

    beginning of year $827,853 · end of year $824,333

  • 25 · Other liabilities

    beginning of year $25,345

  • 27 · Net assets without donor restrictions

    beginning of year -$1,029,480 · end of year -$1,273,691

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $25,000

Mission and programs · 2024

Mission

We strengthen communities through local entrepreneurship, transformative real estate development, and access to capital.

  • Small Business Support (formerly program development): This program provides technical assistance and various forms of small business support. Key accomplishments

    Expenses $606,020 · Grants $258,813

  • Innovates: The GWDC Facility is a remodeled, repurposed 8,000 square foot former police sub-station in downtown Waukegan containing conference/training rooms, meeting spaces, and state-of-the-art networking and telecommunications systems. This facility currently serves as an economic development center. In this fiscal year, it housed all of GWDC's programs, as well as office space for local nonprofits and small businesses.

    Expenses $64,508 · Revenue $15,701

  • GWDC Celebrates - A series of multicultural festivals and events that bring residents together to celebrate, build community, and enjoy local downtown and waterfront spaces. No in-person events were held during the 2022 tax year, but planning is in place for an event during the 2023-2024 fiscal year.

    Expenses $5,339

As filed on the 2024 return.

Listed in Part VII

  • Matthew Hixon

    Board Treasuer

    Total calculated
    $0
    Hours/week
    1

  • Carrie Espinosa

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Caryn Kahn

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brandon Ewing

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Shai Lothan

    Board Chair

    Total calculated
    $0
    Hours/week
    10

  • Darren Miller

    Board Secretary-General

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.0
Source object
202611369349300001

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.