Nonprofit · EIN 36-3849857
MCHENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · CRYSTAL LAKE, IL 60012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $388,469 | $295,954 | $92,515 | $115,296 | $1,420 | $113,876 |
| December 31, 2023 | 990 | $350,013 | $383,548 | -$33,535 | $21,791 | $430 | $21,361 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $220,925
- of which government grants
- $160,000
- Program service revenue
- $90,869
- Investment income
- $76,675
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $59,563
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $184,870
- Salaries, compensation and benefits (total)
- $190,144
- Professional fundraising fees
- $0
- Legal fees
- $2,752
- Accounting fees
- $1,275
- Occupancy
- $10,424
- Travel
- $1,359
- Program services (functional)
- $254,724
- Management and general (functional)
- $18,146
- Fundraising (functional)
- $23,084
Balance sheet and other
- Total assets, start of year
- $21,791
- Total assets, end of year
- $115,296
- Total liabilities, end of year
- $1,420
- Net assets, end of year
- $113,876
- Net assets without donor restrictions
- $113,876
- Gross receipts
- $388,469
- Employees
- 5
- Volunteers
- 26
- Year formed
- 1992
- 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 |
|---|---|---|---|
| Karen Halstead | Director Trustee or director | 1.5 | $0 |
| STEVE RANKINS | Treasurer Trustee or director, Officer | 3 | $0 |
| SHARMELLA HARRIS | Director Trustee or director | 1.5 | $0 |
| STEPHEN BALLOT | Chairman Trustee or director, Officer | 3 | $0 |
| RICHARD MACK | Director Trustee or director | 1.5 | $0 |
| MARK PIEKOS | Executive Dir. Trustee or director | 40 | $0 |
| JONATHAN KAMAN | Director Trustee or director | 1.5 | $0 |
| DR CLINTON GABBARD | Director Trustee or director | 1.5 | $0 |
| JENI HALLATT | Secretary Trustee or director, Officer | 1.5 | $0 |
| COLLEEN ROOS | Vice Chairman Trustee or director, Officer | 1.5 | $0 |
| KEVIN THURSTON | Director Trustee or director | 1.5 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES McCONOUGHY | Executive Dir. Trustee or director | 40 | $105,981 |
| SHANE NERBY | Director Trustee or director | 1.5 | $0 |
| STEVE RANKINS | Treasurer Trustee or director, Officer | 3 | $0 |
| SHARMELLA HARRIS | Director Trustee or director | 1.5 | $0 |
| STEPHEN BALLOT | Chairman Trustee or director, Officer | 3 | $0 |
| PETER AUSTIN | Director Trustee or director | 2 | $0 |
| RICHARD MACK | Director Trustee or director | 1.5 | $0 |
| JOHN McCANN | Director Trustee or director | 1.5 | $0 |
| JONATHAN KAMAN | Director Trustee or director | 1.5 | $0 |
| DR CLINTON GABBARD | Director Trustee or director | 1.5 | $0 |
| JENI HALLATT | Director Trustee or director | 1.5 | $0 |
| COLLEEN ROOS | Secretary Trustee or director, Officer | 1.5 | $0 |
| HEATHER MAIERITSCH | Director Trustee or director | 1.5 | $0 |
| MICHAEL SKALA | Vice Chairman Trustee or director, Officer | 1.5 | $0 |
| KEVIN THURSTON | Director Trustee or director | 1.5 | $0 |
| PETER SCHOLL | Director Trustee or director | 1.5 | $0 |
Address and contacts
- Address (IRS master file)
- 8900 US HIGHWAY 14, CRYSTAL LAKE, IL 60012-2738
- In care of
- % KEITH HOGAN TREA
- Principal officer (990 for 2024)
- STEPHEN BALLOT, 8900 NW HWY 14 A229, CRYSTAL LAKE, IL 60012
- Signed the 990
- STEPHEN BALLOT, Chairman
- Phone
- (815) 893-0895
- Website
- WWW.MCHENRYCOUNTYEDC.COM
- Return prepared by
- GEORGE ROACH & ASSOC PC
Mission
TO PROMOTE THE ECONOMIC HEALTH OF McHENRY COUNTY, IL THROUGH RETENTION, EXPANSION AND ATTRACTION OF COMMERCE AND INDUSTRY WHICH IS CONDUCIVE TO AN OPTIMAL QUALITY OF LIFE FOR ITS CITIZEN
Program accomplishments
- PROMOTING ECONOMIC HEALTH OF McHENRY COUNTY THROUGH RETENTION, EXPANSION AND ATTACTION OF COMMERCE & INDUSTRY. FACILITATING AN ECONOMIC DEVELOPMENT STRUCTURE ENABLING THE COMMUNITY TO PROMOTE THE SAME GOOD FOR THEIR RESIDENTS.
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
- 36-3849857
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $115,296
- Income (IRS master file)
- $388,469
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $388,469 | $295,954 | $115,296 | IRS |
| 990 | December 2023 | $350,013 | $383,548 | $21,791 | XML |
| 990 | December 2022 | $335,863 | $350,321 | $56,391 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 36-3849857).
Questions about MCHENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of MCHENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MCHENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION is 36-3849857.
- Is MCHENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1993.
- Are donations to MCHENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MCHENRY 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 MCHENRY 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 MCHENRY 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 MCHENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names STEPHEN BALLOT.
- Who are the officers and directors of MCHENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does MCHENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $388,469, expenses of $295,954 and total assets of $115,296 at year end.
Other nonprofits in CRYSTAL LAKE
- MERCY CRYSTAL LAKE HOSPITAL AND MEDICAL CENTER INC EIN 20-1673011 · last filed 990 for 2025
- STEEL FOUNDERS SOCIETY OF AMERICA EIN 36-3293382 · last filed 990 for 2024
- CRYSTAL LAKE COUNTRY CLUB EIN 36-2052014 · last filed 990 for 2024
- SKY HIGH VOLLEYBALL CLUB EIN 36-3674693 · last filed 990 for 2025
- CRYSTAL LAKE FOOD PANTRY INC EIN 36-3242915 · last filed 990 for 2024
- FAMILY HEALTH PARTNERSHIP CLINIC EIN 36-4277029 · last filed 990 for 2026
- COMMUNITY FOUNDATION FOR MCHENRY COUNTY EIN 36-4465219 · last filed 990 for 2025
- HORIZONS FOR THE BLIND INC EIN 36-2915239 · last filed 990 for 2025