ROCKFORD AREA ECONOMIC DEVELOPMENT: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- ROCKFORD AREA ECONOMIC DEVELOPMENT (EIN 36-3055858)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-08-08
- IRS object ID
- 201232219349300538
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-08-08T10:55:51-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410746749 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1639 NORTH ALPINE ROAD | AddressLine1 |
| City | ROCKFORD | City |
| State | IL | State |
| ZIP Code | 61107 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363055858 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ROCK | NameControl |
| Phone | 8159878118 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 PARK AVENUE | AddressLine1 |
| City | ROCKFORD | City |
| State | IL | State |
| ZIP Code | 61101 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JANYCE FADDEN | Name |
| Title | PRESIDENT | Title |
| Phone | 8159878118 | Phone |
| Date Signed | 2012-07-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL ABRAHAMS | Name |
| PTIN | P00624772 | PTIN |
| Phone | 8152291900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JANYCE FADDEN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 PARK AVENUE | AddressLine1 |
| City | ROCKFORD | City |
| State | IL | State |
| ZIP Code | 61101 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1824490 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.ROCKFORDIL.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1980 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | MARKET THE ROCKFORD AREA AND HELP EMPLOYERS RETAIN AND CREATE QUALITY JOBS | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 51 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 50 | NbrIndependentVotingMembers |
| Total Nbr Employees | 11 | TotalNbrEmployees |
| Total Nbr Volunteers | 125 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1732797 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1641402 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 187357 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 117166 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 5808 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2250 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 18154 | OtherRevenuePriorYear |
| Other Revenue Current Year | 63672 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1944116 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1824490 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 133812 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 852023 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 775411 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1053301 | OtherExpensePriorYear |
| Other Expenses Current Year | 955790 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1905324 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1865013 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 38792 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -40523 | RevenuesLessExpensesCY |
| Total Assets BOY | 1110258 | TotalAssetsBOY |
| Total Assets EOY | 944441 | TotalAssetsEOY |
| Total Liabilities BOY | 215483 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 90189 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 894775 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 854252 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE PRIMARY ROLE OF THE ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL IS TO ENHANCE WEALTH CREATION IN THE ROCKFORD REGION BY MARKETING THE AREA AND HELPING EMPLOYERS RETAIN AND CREATE QUALITY JOBS. THE RAEDC WORKS CLOSELY WITH MANY PARTNERS TO SERVE AS A ONE-STOP RESOURCE FOR CLIENTS TO IMPROVE THE COMPETITIVENESS OF THE REGION AND TO ENGAGE THE COMMUNITY IN THE WORK OF ECONOMIC DEVELOPMENT. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | BUSINESS ATTRACTION: ATTRACTING BUSINESSES TO LOCATE OR RELOCATE TO THE ROCKFORD AREA | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BUSINESS EXPANSION & RETENTION: ASSISTING EXISTING AREA BUSINESSES TO RETAIN OR EXPAND | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BUSINESS CLIMATE SERVICES: WORK WITH CURRENT AND POTENTIAL RAEDC INVESTORS REGARDING ECONOMIC DEVELOPMENT ISSUES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 14 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 11 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 1 | NonDeductibleContributions |
| Non Deductible Disclosure | 1 | NonDeductibleDisclosure |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 51 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 50 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JANYCE FADDEN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8159878118 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 PARK AVENUE | AddressLine1 |
| City | ROCKFORD | City |
| State | IL | State |
| ZIP Code | 61101 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (52 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| WILLIAM C ROOP | |||||||
| CHAIRMAN OF THE BOARD, DIR | 5.00 | X | X | 0 | 0 | 0 | |
| JOHN CHADWICK | |||||||
| VICE CHAIR, DIRECTOR | 5.00 | X | X | 0 | 0 | 0 | |
| JOEL SJOSTROM | |||||||
| TREASURER | 5.00 | X | X | 0 | 0 | 0 | |
| DAVID SCHERTZ | |||||||
| DIRECTOR AT LARGE | 5.00 | X | 0 | 0 | 0 | ||
| DR JACK BECHERER | |||||||
| DIRECTOR AT LARGE | 5.00 | X | 0 | 0 | 0 | ||
| RENA COTSONES | |||||||
| DIRECTOR AT LARGE | 5.00 | X | 0 | 0 | 0 | ||
| DR WILLIAM GORSKI | |||||||
| LEADERSHIP COUNCIL CHAIR,D | 5.00 | X | 0 | 0 | 0 | ||
| STEVE BOIS | |||||||
| BAS TEAM CHAIR, DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| GARY MARZORATI | |||||||
| BRES TEAM CHAIR, DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| LINDA GERBER | |||||||
| BCRS TEAM CHAIR, DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| LAWRENCE J MORRISSEY | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| SCOTT H CHRISTIANSEN | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| R RICHARD BASTIAN | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| EDWARD C BERG | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| PAUL CALLIGHAN | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| J CHAPMAN | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| PAMELA S FOX | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| DARIN GOLDEN | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| GREG GRABER | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| THOMAS GREEN | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| JEFF LAYNG | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| MICHELLE JANKE | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| GARY KAATZ | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| BRAD LONG | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| DR W STEPHEN MINORE | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| FRAN MORRISSEY | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| ED MUNGUIA | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| BRIAN A NELSON | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| PAUL NICOLOSI | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| MARK PETERSON | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| BHARAT PURI | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| PETER RICKER | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| ANDREAS SCHELL | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| SAGAR PATEL | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| SENATOR DAVE SYVERSON | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| GLEN TURPOFF | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| STEVE WARD | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| DAVE WHITMORE | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| MAYOR DALE ADAMS | |||||||
| EX-OFFICIO VOTING, DIRECTO | 5.00 | X | 0 | 0 | 0 | ||
| FRANK HANEY | |||||||
| EX-OFFICIO VOTING, DIRECTO | 5.00 | X | 0 | 0 | 0 | ||
| EINAR FORSMAN | |||||||
| EX-OFFICIO VOTING, DIRECTO | 5.00 | X | 0 | 0 | 0 | ||
| STEVE GRACEFFA | |||||||
| EX-OFFICIO VOTING, DIRECTO | 5.00 | X | 0 | 0 | 0 | ||
| JOHN GROH | |||||||
| EX-OFFICIO VOTING, DIRECTO | 5.00 | X | 0 | 0 | 0 | ||
| MAYOR DAVE KRIENKE | |||||||
| EX-OFFICIO VOTING, DIRECTO | 5.00 | X | 0 | 0 | 0 | ||
| MAYOR DARRYL LINDBERG | |||||||
| EX-OFFICIO VOTING, DIRECTO | 5.00 | X | 0 | 0 | 0 | ||
| DR MARTIN LIPSKY | |||||||
| EX-OFFICIO VOTING, DIRECTO | 5.00 | X | 0 | 0 | 0 | ||
| MAYOR TOM STRICKLAND | |||||||
| EX-OFFICIO VOTING, DIRECTO | 5.00 | X | 0 | 0 | 0 | ||
| GREATER ROCKFORD AIRPORT AUTHORITY | |||||||
| EX-OFFICIO VOTING, DIRECTO | 5.00 | X | 0 | 0 | 0 | ||
| LARSON DANBY GROUP | |||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | ||
| JANYCE FADDEN | |||||||
| PRESIDENT | 60.00 | X | 147392 | 0 | 12782 | ||
| MARK PODEMSKI | |||||||
| VICE PRESIDENT DEVELOPMENT | 60.00 | 107656 | 0 | 8670 | X | ||
| ERIC VOYLES | |||||||
| VICE PRESIDENT NAT'L BUS D | 60.00 | 108460 | 0 | 17123 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 363508 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 38575 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 221380 | GovernmentGrants |
| All Other Contributions | 1420022 | AllOtherContributions |
| Total Contributions | 1641402 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ECONOMIC DEVELOPMENT P | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 117166 | TotalRevenueColumn |
| Related Or Exempt Function Income | 117166 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 117166 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2250 | TotalRevenueColumn |
| Exclusion | $2,250 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MANAGEMENT FEES | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 63672 | TotalRevenueColumn |
| Related Or Exempt Function Income | 63672 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 63672 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1824490 | TotalRevenueColumn |
| Related Or Exempt Function Income | 180838 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $2,250 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133812 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 169137 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 495639 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22814 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42204 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45617 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17575 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 316844 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38662 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 109770 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91073 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 129736 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35064 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11196 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| LEADERSHIP COUNCIL | 175000 |
| TRADE SHOWS | 24499 |
| MISCELLANEOUS | 4927 |
| RECRUITMENT EXPENSE | 1444 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1865013 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -12537 | BOY |
| EOY | -11936 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 991966 | BOY |
| EOY | 442258 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53480 | BOY |
| EOY | 175847 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21708 | BOY |
| EOY | 26683 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 261864 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 191257 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54572 | BOY |
| EOY | 70607 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 240882 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1069 | BOY |
| EOY | 100 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1110258 | BOY |
| EOY | 944441 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86663 | BOY |
| EOY | 32476 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 128820 | BOY |
| EOY | 57713 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 215483 | BOY |
| EOY | 90189 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 843526 | BOY |
| EOY | 716525 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51249 | BOY |
| EOY | 137727 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 894775 | BOY |
| EOY | 854252 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1110258 | BOY |
| EOY | 944441 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -40523 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 170822 | OtherCostOrOtherBasis |
| Depreciation | 131600 | Depreciation |
| Book Value | 39222 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 91042 | OtherCostOrOtherBasis |
| Depreciation | 59657 | Depreciation |
| Book Value | 31385 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 70607 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LONG-TERM CERTIFICATES OF DEPOSIT | Description |
| Book Value | 240882 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 240882 | TotalOfBookValueSecurities |
| Total Revenue | 1824490 | TotalRevenue |
| Total Expenses | 1865013 | TotalExpenses |
| Excess Or Deficit For Year | -40523 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | -40523 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 2075029 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 250539 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 250539 | RevenueNotRptdF990 |
| Revenue Subtotal | 1824490 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1824490 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2115552 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 250539 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 250539 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1865013 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1865013 | TotalExpensesPerForm990 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|
| CITY OF ROCKFORD | ||||||||
| 425 EAST STATE STREET | ROCKFORD | IL | 61104 | 366006082 | GOVT ENTITY | 105417 | CASH | ASSISTANCE WAS PROVIDED TO PROMOTE ECONOMIC DEVELOPMENT TO GOVERNMENT ENTITIES IN THE SURROUNDING AREA. |
| ALIGNMENT ROCKFORD | ||||||||
| 330 SPRING CREEK RD | ROCKFORD | IL | 61107 | 271329316 | 501(C)(3) | 28395 | CASH | TO ASSIST WITH FUNDING CHARTER SCHOOLS IN THE SURROUNDING AREA. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JANYCE FADDEN | NamePerson |
| Base Compensation Filing Org | 147392 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 7860 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 4922 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 160174 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | SEVERAL BOARD MEMBERS OF ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL ALSO SERVE ON THE BOARD OF DIRECTORS OF ROCKFORD AREA STRATEGIC INITIATIVE (RASI). RASI IS A CONTROLLED ORGANIZATION. THESE MEMBERS INCLUDE ROOP, SJOSTROM, CHADWICK, SCHERTZ, BECHERER, COTSONES, GORSKI, BOIS, MARZORATI, GERBER, MORRISSEY, AND CHRISTIANSEN. JANYCE FADDEN ALSO SERVES AS THE PRESIDENT OF BOTH ORGANIZATIONS. MEMBERS OF THE BOARD OF DIRECTORS, AS BUSINESS OWNERS AND EMPLOYEES, ALSO ENGAGE IN TRANSACTIONS WITH ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL. HOWEVER, THESE TRANSACTIONS ARE ALL WITHIN THE NORMAL COURSE OF BUSINESS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION IS COMPRISED OF INVESTORS/STOCKHOLDERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE INVESTORS/STOCKHOLDERS ARE ABLE TO REVIEW THE CANDIDATES FOR THE BOARD AND VOTE ON THE SELECTION AS EACH BOARD MEMBER'S TERM COMES TO A CLOSE. |
| FORM 990, PART VI, SECTION A, LINE 7B | EACH YEAR, THE INVESTORS/STOCKHOLDERS ARE ABLE TO VOTE ON HOW A PORTION OF THE GENERAL BUDGET IS SPENT TO FUND RAEDC PROGRAMS. |
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF THE 990 IS DISTRIBUTED TO THE EXECUTIVE COMMITTEE FIRST THEN TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICIES ARE COMPLETED BY THE BOARD OF DIRECTORS AND STAFF WHEN THEIR RESPECTIVE TERM BEGINS, CONFLICTS ARE NOTED ON SAID FORM AND BOARD MEMBERS ABSTAIN FROM VOTING ON ANY ISSUE IN WHICH CONFLICT MAY OCCUR. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT IS REVIEWED BY THE EXECUTIVE COMMITTEE STAFF COMPENSATION IS REVIEWED ANNUALLY BY THE PRESIDENT USING COMPARABLE SALARIES OF NATIONAL PEERS PUBLISHED BY NATIONAL ECONOMIC DEVELOPMENT ORGANIZATIONS SUCH AS IEDC, ETC COST OF LIVING STATISTICS, AND EXTRAORDINARY PERFORMANCE ALL SALARIED STAFF COMPENSATION CHANGES ARE APPROVED BY THE CHAIRMAN OF THE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL HAS MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990 PART XII, LINE 2C | THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE THAT APPOINTS THE INDEPENDENT AUDITOR. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROCKFORD AREA STRATEGIC INITIATIVE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 PARK AVENUE SUITE 100 | AddressLine1 |
| City | ROCKFORD | City |
| State | IL | State |
| ZIP Code | 611011099 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 270964918 | EIN |
| Primary Activities | PROMOTION OF ECONOMIC DEVELOPMENT | PrimaryActivities |
| Legal Domicile State | IL | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 9 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 1 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| ROCKFORD AREA STRATEGIC INITIATIVE | ||
| L | 123396 | MGMT FEE - FAIR MARKET VALUE |
| ROCKFORD AREA STRATEGIC INITIATIVE | ||
| K | 63672 | MGMT FEE - FAIR MARKET VALUE |