Overview

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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.

Est.

1980

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

990s

990 file icon
2023
990 file icon
2022
990 file icon
2021
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AI Summary

The Rockford Area Economic Development Council Inc, identified by EIN 36-3055858, is dedicated to community improvement by cultivating opportunities for primary job growth to enhance the economic well-being of the Rockford region. With an operating budget of $508K and total revenue of $677K for the filing year 2023, the organization relies on a diverse set of funders, none of which contribute 50% or more of its revenue. More information can be found on their website, rockfordil.com.

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Mission Statement

THE ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL CULTIVATES OPPORTUNITIES FOR PRIMARY JOB GROWTH THAT INCREASE THE ECONOMIC WELL-BEING OF OUR REGION.

Cause Areas

1
Community improvement
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Financials

2023
Revenues
$677K
Expenses
$508K
Net Income:
+$169K
Assets
$0
Liabilities
$0
Net Assets:
+$0

Financial Trends

2023
Operating Budget
$508K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Not in Business Master File
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
OSF Healthcare System
Peoria, IL, US
$3.2M
3%
ROCKFORD CHAMBER OF COMMERCE
Rockford, IL, US
$90.9K
79%
AMERICAN FEDERATION OF LABOR & CONG
Rockford, IL, US
$156.6K
29%

Grants Received

2022
Total No. of Grants
1
Median grant size
$10K
Largest grant received
$10K

Board & Team

G
George Gaulrapp
Board Member
C
Christopher Anderson
Board Member
D
David Anspaugh
Board Member

Frequently Asked Questions

What is ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC’s budget?
In 2023, ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC reported an annual operating budget of around $508 thousand. More detailed financial information is available to registered users.
What causes does ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC support?
ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC supports work in Community improvement.
Where does ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC operate?
ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC is headquartered in Rockford, IL.
Who funded ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC recently?
In 2022, ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC received grants from NORTHWESTERN ILLINOIS CONTRACTORS ASSOCIATION, ROCKFORD CHAMBER OF COMMERCE, and OSF Healthcare System. More information on this organization’s funders is available to registered users.
What is the largest grant ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC received in 2022?
The largest grant to ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC in 2022 exceeds $10 thousand.
What is ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC’s reliance on government grants?
ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC relied on government grants for more than 10% of their total revenue in 2023.