Overview

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Est.

2018

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Land of Lincoln Economic Development Corporation, identified by EIN 82-4479816, is dedicated to promoting economic prosperity and growth in Sangamon County and the city of Springfield. With an operating budget of $3.1 million and total revenue of $1.3 million for the 2024 filing year, the organization aims to create a financially sound community that attracts new businesses and skilled talent while retaining existing profitable companies and the local workforce. Notably, it does not rely on a single funder for 50% or more of its revenue, ensuring diverse financial support for its initiatives. For more information, visit www.thriveinspires.org.

Mission Statement

TO PURSUE ECONOMIC PROSPERITY AND GROWTH FOR SANGAMON COUNTY AND THE CITY OF SPRINGFIELD BY CREATING A FINANCIALLY SOUND COMMUNITY ABLE TO ATTRACT NEW BUSINESSES AND SKILLED TALENT, WHILE RETAINING THE PROFITABLE COMPANIES AND LOCAL WORKFORCE WHO ALREADY MAKE SANGAMON COUNTY THEIR HOME.
Revenues
$1.3M
Expenses
$3.1M
Net Income:
-$1.7M
Assets
$298.4K
Liabilities
$201.6K
Net Assets:
+$96.8K
Operating Budget
$3.1M
Operating Budget by Year

Due Diligence

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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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Total No. of Grants
1
Median grant size
$10K
Largest grant received
$10K
R
Ryan McCrady
Board Member
D
Dominic Watson
Board Member
R
Ryan Levi
Board Member

Frequently Asked Questions

What is LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION’s budget?
In 2024, LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION reported an annual operating budget of around $3.1 million. More detailed financial information is available to registered users.
What causes does LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION support?
LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION supports work in Business promotion.
Where does LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION operate?
LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION is headquartered in Springfield, IL.
Who funded LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION recently?
In 2024, LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION received grants from SOUTHERN ILLINOIS UNIVERSITY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION received in 2024?
The largest grant to LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION in 2024 exceeds $10 thousand.
What is LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION’s reliance on government grants?
LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION relied on government grants for more than 55% of their total revenue in 2024.