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Nonprofiteer
← INLAND 85 BOARD OF TRUSTEES

Form 990 for tax year 2024

Filed by INLAND 85 BOARD OF TRUSTEES.

Totals

Total revenue
$0
Total expenses
$4,859
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$215
Total liabilities, end of year
$17,536
Net assets or fund balances, end of year
-$17,321
Program services expenses (Part IX)
$0
Management and general expenses
$4,859
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,300 · management and general $3,300

  • 11g · Fees: other

    total $241 · management and general $241

  • 23 · Insurance

    total $1,318 · management and general $1,318

Balance sheet

Part X, book values.

  • 9 · Prepaid expenses and deferred charges

    beginning of year $195 · end of year $215

  • 25 · Other liabilities

    beginning of year $12,657 · end of year $17,536

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$12,462 · end of year -$17,321

Mission and programs · 2024

Mission

TO CARRY OUT THE OBJECTIVES OF THE INLAND 85 LOGISTICS CENTER, NAMELY TO DESIGN THE PARK TO BE ATTRACTIVE TO PEOPLE, PROMOTE INVESTMENT, AND PROVIDE A PLEASANT ENVIRONMENT FOR BUSINESS AND INDUSTRY, AS WELL AS TO INTERPRET AND IMPLEMENT THE PROVISIONS OF THE INDENTURES IN, AMONG OTHER THINGS, GUARANTEEING PROPER MAINTENANCE AND QUALITY UPKEEP WITHIN THE VARIOUS LAND USE AREAS.

  • COORDINATING AND ISSUING ASSESSMENTS RELATED TO THE SPECIAL SOURCE REVENUE CREDITS AGREED TO BY THE COUNTY, COLLECTING AND REMITTING $400,000 AS AN AGENCY TRANSACTION ON BEHALF OF THE GRANTOR IN THE PARK'S INDENTURES EACH YEAR TO OFFSET THE GRANTOR'S COSTS RELATED TO INFRASTRUCTURE IN ORDER TO ENCOURAGE INDUSTRIAL DEVELOPMENT IN THE PARK.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Larry Chapman

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1

  • Caroline Saunders

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2025
IRS schema version
2024v5.1
Source object
202501349349304330

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

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