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DOWNERS GROVE ECONOMIC DEVELOPMENT CORPORATION

EIN 87-0772222 DOWNERS GROVE, IL

Revenue 2024
$719,538
Expenses 2024
$693,950

Program services were 86.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
06
NTEE code
S41
Classification
1000
Street
5159 MOCHEL DR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • ROBERT L FERNANDEZ

    DIRECTOR & C

    Total calculated
    $0
    Hours/week
    1
  • KEN MALINOWSKI

    DIRECTOR/VIC

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL RIORDAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • SCOTT MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • JOHN LUKA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • MARK COSENZA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • LORI RITZERT

    DIRECTOR/TRE

    Total calculated
    $0
    Hours/week
    1
  • BETH GONCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • KATHLEEN GOEPPINGER PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • GARY MORI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • RICHARD M GATTO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • EDWARD SITAR III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • DR MAUREEN DUNNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • ERIN VENEZIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • LISA RASIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • JENNIFER SCHINKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • ALLISON WYLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • ROBERT BARNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • DAVID FIELDMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • MICHAEL BAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • FADI OSMANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • BRYAN GAY

    PRESIDENT &

    Total calculated
    $167,723
    From this org
    $155,299
    From related orgs
    $0
    Other
    $12,424
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,007
    Bonus
    not reported
    Other
    $18,292
    Deferred
    not reported
    Nontaxable benefits
    $12,424
    Filer's total
    $167,723
  • CHRIS GILMARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • THERESA SCHULZ

    DIRECTOR/SEC

    Total calculated
    $0
    Hours/week
    1
  • MARY LYNN FAYOUMI

    DIRECTOR

    Total calculated
    $0

The first 25 listed. 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 — 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $719,538
    Expenses
    $693,950
    Contributions
    $595,000
    Grants paid
    $0
  • 2023
    Revenue
    $678,276
    Expenses
    $623,806
    Contributions
    $540,000
    Grants paid
    $0
  • 2022
    Revenue
    $477,738
    Expenses
    $475,973
    Contributions
    $430,000
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.