Nonprofit · EIN 36-3524353
DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · DEKALB, IL 60115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $522,313 | $660,402 | -$138,089 | $409,241 | $56,814 | $352,427 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $462,755
- Membership dues
- $27,600
- Program service revenue
- $25,887
- Investment income
- $8,104
- Other revenue
- $25,567
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $336,365
- Salaries, compensation and benefits (total)
- $373,600
- Professional fundraising fees
- $0
- Travel
- $5,889
- Depreciation
- $27,468
- Program services (functional)
- $574,830
- Management and general (functional)
- $40,544
- Fundraising (functional)
- $45,028
Balance sheet and other
- Total assets, start of year
- $555,770
- Total assets, end of year
- $409,241
- Total liabilities, end of year
- $56,814
- Net assets, end of year
- $352,427
- Land, buildings and equipment
- $55,716
- Net assets without donor restrictions
- $352,427
- Gross receipts
- $522,313
- Employees
- 3
- Year formed
- 1987
- State of legal domicile
- IL
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL KOKOTT | PRESIDENT Trustee or director, Officer | – | $0 |
| KEVIN LAMB | TREAURER Trustee or director, Officer | – | $0 |
| PRAMIT PATEL | PRESIDENT Trustee or director, Officer | 2 | $0 |
| FRANK ROBERTS | IMMEDIATE PP Trustee or director, Officer | – | $0 |
| CORTNEY STROHACKER | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| TIA ANDERSON | TREASURER Officer | 2 | $0 |
| PAUL BOREK | EXECUTIVE DI Officer | – | $0 |
| ROB LARKINS | SECRETARY Officer | 2 | $0 |
| C MARK WILLIAMS | EXECUTIVE DI Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 2179 SYCAMORE RD UNIT 102, DEKALB, IL 60115-2418
- Principal officer (990 for 2024)
- MICHAEL KOKOTT
- Signed the 990
- PRAMIT PATEL, PRESIDENT
- Phone
- (815) 895-2711
- Return prepared by
- LAUTERBACH & AMEN LLP
Mission
PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS IN DEKALB COUNTY, ATTRACT BUSINESS AND INDUSTRY TO DEKALB COUNTY, ASSIST WITH WORKFORCE DEVELOPMENT, AND FACILITATE DEMOGRAPHIC RESEARCH AND EDUCATIONAL ACTIVITIES.
Program accomplishments
- DCEDC PROCESSED 35 ATTRACTION & EXPANSION PROJECTS IN 2024. THIS NUMBER IS LOWER THAN PREVIOUS YEARS, BUT SEVERAL MAJOR PROJECTS, INCLUDING THE KRAFT HEINZ.CAPITAL INVESTMENT OF 493,009,012 (3RD HIGHEST IN DCEDC HISTORY).1,347,800 SQ FT OF INDUSTRIAL CONSTRUCTION, ACQUISITION, & LEASING. 2020-2024 1227 NEW JOBS HAVE BEEN CREATED IN DEKALB COUNTY, IL.Expenses $574,830
- IN 2024, WE SUSTAINED OUR ANNUAL FUNDING AND ADDED TWO NEW INVESTORS FOR 2025, AND EXTENDED FIVE ORIGINAL 3-YEAR INVESTOR FOR ADDITIONAL YEARS. THE WORKSHEET HAS BEEN ATTACHED IN THE PORTAL. IN ADDITION, THE CREATION OF THE YOUNG PROFESSIONALS GROUP ELEVATE EVOLVED FROM THE OPPORTUNITY UNBOUND PROGRAM. THIS IS A PROGRAM GEARED TOWARDS ENGAGING OUR YOUNG PROFESSIONALS TO LIVE, WORK, PLAY, AND STAY IN DEKALB COUNTY. ENGAGEMENTS INCLUDE PERIODIC SOCIAL NETWORKING EVENTS THROUGHOUT THE YEAR.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3524353
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $409,241
- Income (IRS master file)
- $522,313
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $647,753 | $612,573 | $555,770 | IRS |
| 990 | December 2022 | $561,356 | $596,845 | $550,331 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION is 36-3524353.
- Is DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names MICHAEL KOKOTT.
- Who are the officers and directors of DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does DEKALB COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $522,313, expenses of $660,402 and total assets of $409,241 at year end.
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