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ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION

ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION

GILLESPIE, IL, US
501(c)(3)
EIN
37-6059503
funder logo

ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION

GILLESPIE, IL, US
501(c)(3)
EIN
37-6059503

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$12,940,516

Government Grants
75%
Program Services
24%
Contributions
<1%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$12,345,548

Salaries & Benefits
49%
Grants
35%
Other
7%
Offices, Occupancy & IT
7%
Depreciation
1%
Fees to Service Providers
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$65,664
$65,395
0%
Government Grants
$11,536,488
$9,678,831
-16%
Fundraising Events
$0
$0
-
Program Services
$2,815,636
$3,109,434
+10%
Membership Dues
$0
$0
-
Investments
$20,951
$52,298
+150%
Other
$23,537
$34,558
+47%
Total Revenues
$14,462,276
$12,940,516
-11%
Expenses
2023
2024
Change
Grants
$6,006,840
$4,293,878
-29%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,605,656
$6,003,393
+7%
Fees to Service Providers
$191,456
$171,879
-10%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$894,549
$809,760
-9%
Interest
$0
$0
-
Depreciation
$157,767
$183,345
+16%
Other
$969,281
$883,293
-9%
Total Expenses
$13,825,549
$12,345,548
-11%
Net income
2023
2024
Change
Net income
+$636,727
+$594,968
-7%
Functional Expenses
Summary
2023
2024
Change
Program
$12,526,731
$11,149,862
-11%
Admin
$1,298,818
$1,195,686
-8%
Fundraising
$0
$0
-
Total Expenses
$13,825,549
$12,345,548
-11%
Income Statement
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