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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$1.1M
Program Spending
0%
of total expenses go to program services
Total Contributions
$74K
Total Expenses
▼$1.1M
Total Assets
$4.7M
Total Liabilities
▼$1.5M
Net Assets
$3.2M
Officer Compensation
→$208.7K
Other Salaries
$338.3K
Investment Income
$7,663
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.6M
Awards Found
1
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of Commerce | THIS EDA INVESTMENT CAPITALIZES A $2,000,000 REVOLVING LOAN FUND (RLF) TO LEND TO BORROWERS IN THE FOLLOWING GEOGRAPHIC REGION: BOONE, MCHENRY, AND WINNEBAGO COUNTIES IN ILLINOIS. ONCE IMPLEMENTED, THE RLF WILL PROVIDE ACCESS TO CAPITAL TO HELP SMALL BUSINESSES AND ENTREPRENEURS RECOVER FROM THE CORONAVIRUS PANDEMIC, WHICH WILL PROMOTE JOB CREATION AND RETENTION, ATTRACT PRIVATE INVESTMENT, AND BOLSTER ECONOMIC RESILIENCY THROUGHOUT THE REGION. | $1.6M | — | — – — |
Department of Commerce
$1.6M
THIS EDA INVESTMENT CAPITALIZES A $2,000,000 REVOLVING LOAN FUND (RLF) TO LEND TO BORROWERS IN THE FOLLOWING GEOGRAPHIC REGION: BOONE, MCHENRY, AND WINNEBAGO COUNTIES IN ILLINOIS. ONCE IMPLEMENTED, THE RLF WILL PROVIDE ACCESS TO CAPITAL TO HELP SMALL BUSINESSES AND ENTREPRENEURS RECOVER FROM THE CORONAVIRUS PANDEMIC, WHICH WILL PROMOTE JOB CREATION AND RETENTION, ATTRACT PRIVATE INVESTMENT, AND BOLSTER ECONOMIC RESILIENCY THROUGHOUT THE REGION.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $1.1M | $74K | $1.1M | $4.7M | $3.2M |
| 2022 | $1.5M | $690.6K | $869.2K | $2.8M | $2.4M |
| 2021 | $1.3M | $517K | $797.6K | $1.9M | $1.8M |
| 2020 | $954.5K | $25K | $835.2K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
| Total |
|---|
| John Phelps | Executive Di | 35 | $184.2K | $0 | $41.5K | $225.7K |
| Linda Heckert | Chair | 1 | $0 | $0 | $0 | $0 |
| Ed Munguia | Vice Chair | 1 | $0 | $0 | $0 | $0 |
| Todd Cagnoni | Assistant Tr | 1 | $0 | $0 | $0 | $0 |
| Brian Peterson | Past Chairma | 1 | $0 | $0 | $0 | $0 |
| James Ryan | Secretary | 1 | $0 | $0 | $0 | $0 |
| Karl Swanson | Vice Chair | 1 | $0 | $0 | $0 | $0 |
| Michael Schultz | Treasurer | 1 | $0 | $0 | $0 | $0 |
John Phelps
Executive Di
$225.7K
Hrs/Wk
35
Compensation
$184.2K
Related Orgs
$0
Other
$41.5K
Linda Heckert
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ed Munguia
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Todd Cagnoni
Assistant Tr
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Brian Peterson
Past Chairma
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
James Ryan
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Karl Swanson
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael Schultz
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Audra Moncur | Director | 1 | $0 | $0 | $0 | $0 |
| Brenten Witherby | Assistant Se | 1 | $0 | $0 | $0 | $0 |
| Earl Dotson Jr | Director | 1 | $0 | $0 | $0 | $0 |
| J Daniel O'Boyle | Director | 1 | $0 | $0 | $0 | $0 |
| Jeff Fahrenwald | Director | 1 | $0 | $0 | $0 | $0 |
| Karen Walsh | Director |
Audra Moncur
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Brenten Witherby
Assistant Se
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Earl Dotson Jr
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $1.5M |
| $1.3M |
| 2019 | $935.3K | $230K | $798.5K | $1.5M | $1.2M |
| 2018 | $692.4K | $0 | $697.9K | $1.5M | $1.1M |
| 2017 | $708.2K | $0 | $712.1K | $1.6M | $1.1M |
| 2016 | $687.4K | $0 | $688.3K | $1.5M | $1.1M |
| 2015 | $630.1K | $0 | $638.5K | $1.6M | $1.1M |
| 2014 | $705.3K | $0 | $698.5K | $1.7M | $1.1M |
| 2013 | $2.7M | $0 | $674.5K | $1.8M | $1.1M |
| 2012 | $650.9K | $0 | $758.1K | $4.5M | -$963.8K |
| 2011 | $621K | $0 | $779.2K | $4.5M | -$856.6K |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Michele Petrie | Director | 1 | $0 | $0 | $0 | $0 |
J Daniel O'Boyle
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jeff Fahrenwald
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Karen Walsh
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michele Petrie
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0