Nonprofit · EIN 36-3316264
KANKAKEE COUNTY ECONOMIC DEVELOPMENT COUNCIL
Tax-exempt · KANKAKEE, IL 60901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $891,026 | $846,807 | $44,219 | $1,490,746 | $542,065 | $948,681 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $866,264
- Investment income
- $24,762
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $393,136
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,645
- Accounting fees
- $15,210
- Depreciation
- $5,761
- Program services (functional)
- $831,987
- Management and general (functional)
- $14,820
Balance sheet and other
- Total assets, start of year
- $1,522,540
- Total assets, end of year
- $1,490,746
- Total liabilities, end of year
- $542,065
- Net assets, end of year
- $948,681
- Land, buildings and equipment
- $25,880
- Net assets without donor restrictions
- $948,681
- Gross receipts
- $891,026
- Employees
- 0
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael O'Gorman | Treasurer Trustee or director, Officer | 7 | $0 |
| Michael Boyd | Chairman Trustee or director, Officer | 1 | $0 |
| Phillip Kambic | Chairman Trustee or director | 1 | $0 |
| Jeff Hammes | Chairman Trustee or director, Officer | 1 | $0 |
| Jeff Bennett | Secretary Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 200 E COURT ST STE 507, KANKAKEE, IL 60901-3869
- Signed the 990
- Michael O'Gorman, Treasurer
- Phone
- (815) 935-8000
- Return prepared by
- BORSCHNACK PELLETIER & CO
Mission
Promotes industrial and commercial development through management of an industrial rental facility.
Program accomplishments
- Promotion and assistance with economic development in the leasing of real estate in Kankakee County.Expenses $437,038
- Efforts to improve the economic climate of Kankakee County.Expenses $394,949 · grants $393,136
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3316264
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,490,746
- Income (IRS master file)
- $891,026
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $914,864 | $816,402 | $1,526,944 | IRS |
| 990 | June 2022 | $771,305 | $785,532 | $817,904 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about KANKAKEE COUNTY ECONOMIC DEVELOPMENT COUNCIL
- What is the EIN of KANKAKEE COUNTY ECONOMIC DEVELOPMENT COUNCIL?
- The employer identification number (EIN) of KANKAKEE COUNTY ECONOMIC DEVELOPMENT COUNCIL is 36-3316264.
- Is KANKAKEE COUNTY ECONOMIC DEVELOPMENT COUNCIL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1985.
- Are donations to KANKAKEE COUNTY ECONOMIC DEVELOPMENT COUNCIL tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KANKAKEE COUNTY ECONOMIC DEVELOPMENT COUNCIL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KANKAKEE COUNTY ECONOMIC DEVELOPMENT COUNCIL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KANKAKEE COUNTY ECONOMIC DEVELOPMENT COUNCIL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of KANKAKEE COUNTY ECONOMIC DEVELOPMENT COUNCIL?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does KANKAKEE COUNTY ECONOMIC DEVELOPMENT COUNCIL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $891,026, expenses of $846,807 and total assets of $1,490,746 at year end.
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