Form 990 for tax year 2023
Filed by SOUTHWESTERN ILLINOIS LEADERSHIP COUNCIL.
Totals
- Total revenue
- $479,892
- Total expenses
- $544,536
- Contributions and grants received
- $1,409
- Grants paid
- $0
- Program service revenue
- $468,300
- Investment income
- $10,183
- Other revenue
- $0
- Total assets, end of year
- $1,101,641
- Total liabilities, end of year
- $219,826
- Net assets or fund balances, end of year
- $881,815
- Program services expenses (Part IX)
- $405,122
- Management and general expenses
- $114,946
- Fundraising expenses
- $24,468
- Program service expenses (Part III)
- $544,536
Program services were 74.4% 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)
$22,195
-
1f · All other contributions, gifts and grants
-$20,786
-
2a · Program service revenue: MEMBERSHIP DUES
total $362,200 · related or exempt $362,200
-
2b · Program service revenue: INVESTMENT MEMBERSHIPS
total $106,100 · related or exempt $106,100
-
3 · Investment income
total $10,183 · excluded $10,183
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $265,535 · program services $211,521 · management and general $40,737 · fundraising $13,277
-
8 · Pension plan contributions
total $5,945 · program services $4,619 · management and general $1,093 · fundraising $233
-
9 · Other employee benefits
total $13,633 · program services $12,140 · management and general $674 · fundraising $819
-
10 · Payroll taxes
total $19,736 · program services $17,322 · management and general $1,329 · fundraising $1,085
-
12 · Advertising and promotion
total $34,391 · program services $28,277 · management and general $3,333 · fundraising $2,781
-
13 · Office expenses
total $84,734 · program services $62,046 · management and general $19,224 · fundraising $3,464
-
17 · Travel
total $15,577 · program services $12,472 · management and general $2,595 · fundraising $510
-
22 · Depreciation, depletion and amortization
total $1,635 · program services $1,302 · management and general $251 · fundraising $82
-
23 · Insurance
total $1,422 · program services $1,079 · management and general $275 · fundraising $68
-
24a · Other expenses: CONTRACT SERVICES
total $96,630 · program services $51,547 · management and general $43,087 · fundraising $1,996
-
24e · All other expenses
total $5,298 · program services $2,797 · management and general $2,348 · fundraising $153
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $257,508 · end of year $314,440
-
2 · Savings and temporary cash investments
beginning of year $741,776 · end of year $757,735
-
3 · Pledges and grants receivable
beginning of year $15,000
-
4 · Accounts receivable
beginning of year $92,551 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0
-
9 · Prepaid expenses and deferred charges
end of year $4,810
-
10a · Land, buildings and equipment: cost or other basis
$30,306
-
10b · Land, buildings and equipment: accumulated depreciation
$28,554
-
10c · Land, buildings and equipment, net
beginning of year $3,387 · end of year $1,752
-
15 · Other assets
beginning of year $53,313 · end of year $22,904
-
17 · Accounts payable and accrued expenses
beginning of year $18,788 · end of year $13,047
-
19 · Deferred revenue
beginning of year $144,975 · end of year $183,875
-
23 · Secured mortgages and notes payable
beginning of year $53,313 · end of year $22,904
-
27 · Net assets without donor restrictions
beginning of year $860,259 · end of year $823,915
-
28 · Net assets with donor restrictions
beginning of year $86,200 · end of year $57,900
Mission and programs · 2023
Mission
UNITING THE SOUTHWESTERN ILLINOIS AND GREATER ST. LOUIS REGION FOR ECONOMIC GROWTH
-
LABOR MANAGEMENT: THE PURPOSE OF THE LABOR-MANAGEMENT PROGRAM IS TO PROMOTE IMPROVED COMMUNICATION AND COOPERATION BETWEEN LABOR AND MANAGEMENT IN ORDER TO ENHANCE ECONOMIC DEVELOPMENT WITHIN SOUTHWESTERN ILLINOIS AND GREATER ST. LOUIS REGION.
Expenses $53,475
-
MILITARY AFFAIRS: SERVES AS THE FRAMEWORK FOR ALL SECTORS OF SOUTHWESTERN ILLINOIS TO UNDERSTAND AND SERVE THE MUTUAL NEEDS OF THE DOD, REGIONAL MILITARY INSTALLATIONS, AND GREATER ST. LOUIS REGION.
Expenses $92,365
-
TRANSPORTATION: PURPOSE IS TO WORK WITH THE ILLINOIS DEPARTMENT OF TRANSPORTATION AND THE MISSOURI DEPARTMENT TO ENHANCE THEIR AWARENESS OF TRANSPORTATION INFRASTRUCTURE NEEDS IN SOUTHWESTERN ILLINOIS AND GREATER ST. LOUIS REGION.
-
PUBLIC RELATIONS: THE PURPOSE OF THIS PROGRAM IS TO INCREASE THE AWARENESS OF SOUTHWESTERN ILLINOIS AND GREATER ST. LOUIS REGION'S BUSINESS OPPORTUNITIES TO THE ENTIRE ST. LOUIS REGION. EDUCATION: PROMOTE THE FORMATION OF PARTNERSHIPS BETWEEN BUSINESS, EDUCATION, AND LABOR. THESE PARTNERSHIPS ARE DESIGNED TO MOTIVATE STUDENTS TO STAY IN SCHOOL AND PREPARE FOR WORKFORCE ENTRY. ECONOMIC DEVELOPMENT: ATTRACT AND RETAIN JOBS, STIMULATE CAPITAL DEVELOPMENT, AND INCREASE THE ECONOMIC CAPACITY OF SOUTHWESTERN ILLINOIS AND GREATER ST. LOUIS REGION.
Expenses $398,696
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kyle AndersonKYLE ANDERSON
EXECUTIVE DIRECTOR
- Total calculated
- $155,000
- From this org
- $155,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $155,000
-
Jay KorteJAY KORTE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kathy FedericoKATHY FEDERICO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Rick ParksRICK PARKS
EXECUTIVE SECRETARY/TREASU
- Total calculated
- $0
- Hours/week
- 1
-
Steve DonahueSTEVE DONAHUE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Gary HoelscherGARY HOELSCHER
CHAIRMAN
- 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. 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 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349302553
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