2012-08-08T10:55:51-05:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 1639 NORTH ALPINE ROAD ROCKFORD IL 61107 990 2011-01-01 363055858 ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC ROCK 8159878118 100 PARK AVENUE ROCKFORD IL 61101 JANYCE FADDEN 8159878118 2012-07-12 1 MICHAEL ABRAHAMS P00624772 8152291900 2011 2016-02-24 21:20:13Z JANYCE FADDEN 100 PARK AVENUE ROCKFORD IL 61101 1824490 0 X WWW.ROCKFORDIL.COM X 1980 IL MARKET THE ROCKFORD AREA AND HELP EMPLOYERS RETAIN AND CREATE QUALITY JOBS 51 50 11 125 0 0 1732797 1641402 187357 117166 5808 2250 18154 63672 1944116 1824490 0 133812 0 0 852023 775411 0 0 0 1053301 955790 1905324 1865013 38792 -40523 1110258 944441 215483 90189 894775 854252 X 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. 0 0 BUSINESS ATTRACTION: ATTRACTING BUSINESSES TO LOCATE OR RELOCATE TO THE ROCKFORD AREA BUSINESS EXPANSION & RETENTION: ASSISTING EXISTING AREA BUSINESSES TO RETAIN OR EXPAND BUSINESS CLIMATE SERVICES: WORK WITH CURRENT AND POTENTIAL RAEDC INVESTORS REGARDING ECONOMIC DEVELOPMENT ISSUES. 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 14 0 1 11 1 0 0 0 0 1 1 0 X 51 50 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X JANYCE FADDEN 8159878118 100 PARK AVENUE ROCKFORD IL 61101 WILLIAM C ROOP 5.00 X X 0 0 0 JOHN CHADWICK 5.00 X X 0 0 0 JOEL SJOSTROM 5.00 X X 0 0 0 DAVID SCHERTZ 5.00 X 0 0 0 DR JACK BECHERER 5.00 X 0 0 0 RENA COTSONES 5.00 X 0 0 0 DR WILLIAM GORSKI 5.00 X 0 0 0 STEVE BOIS 5.00 X 0 0 0 GARY MARZORATI 5.00 X 0 0 0 LINDA GERBER 5.00 X 0 0 0 LAWRENCE J MORRISSEY 5.00 X 0 0 0 SCOTT H CHRISTIANSEN 5.00 X 0 0 0 R RICHARD BASTIAN 5.00 X 0 0 0 EDWARD C BERG 5.00 X 0 0 0 PAUL CALLIGHAN 5.00 X 0 0 0 J CHAPMAN 5.00 X 0 0 0 PAMELA S FOX 5.00 X 0 0 0 DARIN GOLDEN 5.00 X 0 0 0 GREG GRABER 5.00 X 0 0 0 THOMAS GREEN 5.00 X 0 0 0 JEFF LAYNG 5.00 X 0 0 0 MICHELLE JANKE 5.00 X 0 0 0 GARY KAATZ 5.00 X 0 0 0 BRAD LONG 5.00 X 0 0 0 DR W STEPHEN MINORE 5.00 X 0 0 0 FRAN MORRISSEY 5.00 X 0 0 0 ED MUNGUIA 5.00 X 0 0 0 BRIAN A NELSON 5.00 X 0 0 0 PAUL NICOLOSI 5.00 X 0 0 0 MARK PETERSON 5.00 X 0 0 0 BHARAT PURI 5.00 X 0 0 0 PETER RICKER 5.00 X 0 0 0 ANDREAS SCHELL 5.00 X 0 0 0 SAGAR PATEL 5.00 X 0 0 0 SENATOR DAVE SYVERSON 5.00 X 0 0 0 GLEN TURPOFF 5.00 X 0 0 0 STEVE WARD 5.00 X 0 0 0 DAVE WHITMORE 5.00 X 0 0 0 MAYOR DALE ADAMS 5.00 X 0 0 0 FRANK HANEY 5.00 X 0 0 0 EINAR FORSMAN 5.00 X 0 0 0 STEVE GRACEFFA 5.00 X 0 0 0 JOHN GROH 5.00 X 0 0 0 MAYOR DAVE KRIENKE 5.00 X 0 0 0 MAYOR DARRYL LINDBERG 5.00 X 0 0 0 DR MARTIN LIPSKY 5.00 X 0 0 0 MAYOR TOM STRICKLAND 5.00 X 0 0 0 GREATER ROCKFORD AIRPORT AUTHORITY 5.00 X 0 0 0 LARSON DANBY GROUP 5.00 X 0 0 0 JANYCE FADDEN 60.00 X 147392 0 12782 MARK PODEMSKI 60.00 X 107656 0 8670 ERIC VOYLES 60.00 X 108460 0 17123 363508 0 38575 3 0 1 0 0 221380 1420022 1641402 ECONOMIC DEVELOPMENT P 900099 117166 117166 117166 2250 2250 MANAGEMENT FEES 900099 63672 63672 63672 1824490 180838 0 2250 133812 169137 495639 22814 42204 45617 17575 316844 38662 109770 91073 129736 35064 11196 LEADERSHIP COUNCIL 175000 TRADE SHOWS 24499 MISCELLANEOUS 4927 RECRUITMENT EXPENSE 1444 1865013 -12537 -11936 991966 442258 53480 175847 21708 26683 261864 191257 54572 70607 240882 1069 100 1110258 944441 86663 32476 128820 57713 215483 90189 X 843526 716525 51249 137727 894775 854252 1110258 944441 -40523 0 X X 0 1 1 X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 170822 131600 39222 91042 59657 31385 70607 LONG-TERM CERTIFICATES OF DEPOSIT 240882 F 240882 1824490 1865013 -40523 -40523 2075029 250539 250539 1824490 0 1824490 2115552 250539 250539 1865013 0 1865013 1 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. X 0 0 0 JANYCE FADDEN 147392 0 0 0 0 0 7860 0 4922 0 160174 0 0 0 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. ROCKFORD AREA STRATEGIC INITIATIVE 100 PARK AVENUE SUITE 100 ROCKFORD IL 611011099 270964918 PROMOTION OF ECONOMIC DEVELOPMENT IL 501(C)(3) 9 ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 ROCKFORD AREA STRATEGIC INITIATIVE L 123396 MGMT FEE - FAIR MARKET VALUE ROCKFORD AREA STRATEGIC INITIATIVE K 63672 MGMT FEE - FAIR MARKET VALUE