VERMILION ADVANTAGE CORPORATIONPub 78
Pub 78
AI Summary
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Vermilion Advantage Corporation is a nonprofit organization focused on business promotion in Vermilion County, Illinois. With an operating budget of $775.9K and total revenue of $871.6K for the 2024 filing year, the organization is dedicated to recruiting and promoting the establishment and development of new commerce and industry to enhance the welfare and prosperity of the local community. It does not rely on a single funder for 50% or more of its revenue. More information can be found on their website at www.vermilionadvantage.com.
Mission Statement
THE ORGANIZATION'S PURPOSE IS TO RECRUIT AND PROMOTE THE ESTABLISHMENT AND DEVELOPMENT OF NEW COMMERCE AND INDUSTRY AND TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF VERMILION COUNTY, ILLINOIS.
Cause Areas
1
Business promotion
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
DANVILLE FOUNDATION FOR INDUSTRIAL GROWTH
$79.2K
100%
THE CARLE FOUNDATION HOSPITAL
$19.1M
< 1%
Frequently Asked Questions
What is VERMILION ADVANTAGE CORPORATION’s budget?
In 2024, VERMILION ADVANTAGE CORPORATION reported an annual operating budget of around $776 thousand. More detailed financial information is available to registered users.
What causes does VERMILION ADVANTAGE CORPORATION support?
VERMILION ADVANTAGE CORPORATION supports work in Business promotion.
Where does VERMILION ADVANTAGE CORPORATION operate?
VERMILION ADVANTAGE CORPORATION is headquartered in Danville, IL.
Who funded VERMILION ADVANTAGE CORPORATION recently?
In 2022, VERMILION ADVANTAGE CORPORATION received grants from DANVILLE FOUNDATION FOR INDUSTRIAL GROWTH, THE CARLE FOUNDATION HOSPITAL, and DANVILLE FOUNDATION FOR INDUSTRIAL GROWTH. More information on this organization’s funders is available to registered users.
What is the largest grant VERMILION ADVANTAGE CORPORATION received in 2022?
The largest grant to VERMILION ADVANTAGE CORPORATION in 2022 exceeds $12 thousand.
What is VERMILION ADVANTAGE CORPORATION’s reliance on government grants?
VERMILION ADVANTAGE CORPORATION relied on government grants for more than 25% of their total revenue in 2024.