Nonprofit · EIN 37-1046950
KNOX COUNTY DEVELOPMENT CORPORATION
Tax-exempt · GALESBURG, IL 61401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $19,265 | $7,204 | $12,061 | $1,233,036 | $287,899 | $945,137 |
| December 31, 2023 | 990 | $19,267 | $7,536 | $11,731 | $1,220,975 | $287,899 | $933,076 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $19,202
- Investment income
- $63
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,335
- Occupancy
- $4,869
Balance sheet and other
- Total assets, start of year
- $1,220,975
- Total assets, end of year
- $1,233,036
- Total liabilities, end of year
- $287,899
- Net assets, end of year
- $945,137
- Land, buildings and equipment
- $623,004
- Net assets without donor restrictions
- $945,137
- Gross receipts
- $19,265
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1977
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEN SPRINGER | PRESIDENT Officer | 1 | $0 | $129,780 | $11,835 |
| ADAM VITALE | BOARD CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| JOSH GIBB | BOARD VICE CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| C ANDREW MCGADNEY | BOARD TREASURER Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| JOHN PRITCHARD | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| BECKY KING | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| SARA YEMM-WITHERELL | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| SEAMUS REILLY | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| DOUG HANKES | BOARD MEMBER (FROM NOVEMBER 2024) Trustee or director | 0.25 | $0 | $0 | $0 |
| DOUG SANDERS | BOARD MEMBER (FROM NOVEMBER 2024) Trustee or director | 0.25 | $0 | $0 | $0 |
| MARSHALL SCHRADER | BOARD MEMBER (FROM NOVEMBER 2024) Trustee or director | 0.25 | $0 | $0 | $0 |
| JOHN ASPLUND | BOARD MEMBER (FROM NOVEMBER 2024) Trustee or director | 0.25 | $0 | $0 | $0 |
| ERIC HANSON | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| PETER SCHWARTZMAN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| JARED HAWKINSON | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA DEKEZEL | DIRECTOR Trustee or director | – | $0 |
| JOSH GIBB | DIRECTOR Trustee or director | – | $0 |
| ERIC HANSON | DIRECTOR Trustee or director | – | $0 |
| JARED HAWKINSON | DIRECTOR Trustee or director | – | $0 |
| REBECCA KING | VICE CHAIR Trustee or director, Officer | – | $0 |
| C ANDREW MCGADNEY | TRUSTEE/DIRE Trustee or director | – | $0 |
| JOHN PRITCHARD | CHAIR Trustee or director | – | $0 |
| DOUG SANDERS | DIRECTOR Trustee or director | – | $0 |
| PETER SCHWARTZMAN | DIRECTOR Trustee or director | – | $0 |
| CANDY WEBB | TRUSTEE/DIRE Trustee or director | – | $0 |
| KENNETH SPRINGER | PRESIDENT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 200 E MAIN ST STE 200, GALESBURG, IL 61401-5094
- Principal officer (990 for 2024)
- KENNETH SPRINGER, 200 E MAIN ST STE 200, GALESBURG, IL 61401
- Signed the 990
- KENNETH SPRINGER, PRESIDENT
- Phone
- (309) 343-1194
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO PROMOTE ECONOMIC DEVELOPMENT IN KNOX COUNTY, ILLINOIS.
Program accomplishments
- INVESTMENT AND DEVELOPMENT OF BUSINESS PARK IN WHICH THE DEVELOPED LAND IS TO BE PROMOTED AND SOLD TO BUSINESSES TO PROMOTE ECONOMIC DEVELOPMENT IN THE KNOX COUNTY ILLINOIS AREA.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 37-1046950
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $1,233,036
- Income (IRS master file)
- $19,265
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $19,265 | $7,204 | $1,233,036 | XML |
| 990 | December 2023 | $19,267 | $7,536 | $1,220,975 | XML |
| 990 | December 2022 | $20,972 | $8,683 | $1,209,299 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 37-1046950).
Questions about KNOX COUNTY DEVELOPMENT CORPORATION
- What is the EIN of KNOX COUNTY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of KNOX COUNTY DEVELOPMENT CORPORATION is 37-1046950.
- Is KNOX COUNTY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1985.
- Are donations to KNOX COUNTY DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KNOX COUNTY DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of KNOX COUNTY 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 KNOX COUNTY 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 KNOX COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names KENNETH SPRINGER.
- Who are the officers and directors of KNOX COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does KNOX COUNTY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $19,265, expenses of $7,204 and total assets of $1,233,036 at year end.
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