ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INCClosed
Closed
Income Statement
Fiscal Year Start:
Jan 1
Closed
This organization closed in 2023. It filed a final 990 indicating termination and no longer appears as active in IRS records, as it is absent from the EO Business Master File and Pub78 List.
Revenues in 2023
$676,959
Membership Dues
81%
Government Grants
14%
Other
4%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Program Services
0%
Expenses in 2023
$507,963
Salaries & Benefits
62%
Fees to Service Providers
19%
Offices, Occupancy & IT
13%
Other
4%
Advertising & Promotion
1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2022
2023
Change
Contributions
$0
$0
-
Government Grants
$100,863
$97,834
-3%
Fundraising Events
$0
$0
-
Program Services
$45,500
$0
-100%
Membership Dues
$437,221
$549,576
+26%
Investments
$581
$265
-54%
Other
$4,496
$29,284
+551%
Total Revenues
$588,661
$676,959
+15%
Expenses
2022
2023
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$796,440
$313,479
-61%
Fees to Service Providers
$136,200
$98,708
-28%
Advertising & Promotion
$5,500
$6,000
+9%
Offices, Occupancy & IT
$123,136
$67,470
-45%
Interest
$0
$0
-
Depreciation
$1,438
$1,614
+12%
Other
$117,930
$20,692
-82%
Total Expenses
$1,180,644
$507,963
-57%
Net income
2022
2023
Change
Net income
-$591,983
+$168,996
-129%
Functional Expenses
Summary
2022
2023
Change
Program
$0
$0
-
Admin
$0
$0
-
Fundraising
$0
$0
-
Total Expenses
$1,180,644
$507,963
-57%
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