Nonprofit · EIN 37-1104504
EDC INC THE ECONOMIC DEVELOPMENT COUNCIL FOR THE PEORIA AREA
Tax-exempt · PEORIA, IL 61602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,673,040 | $1,558,861 | $114,179 | $1,107,435 | $75,903 | $1,031,532 |
| December 31, 2023 | 990 | $1,264,545 | $1,341,643 | -$77,098 | $1,137,379 | $220,026 | $917,353 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,381,939
- of which government grants
- $636,438
- Program service revenue
- $253,304
- Investment income
- $34,641
- Other revenue
- $3,156
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $194,818
- Other salaries and wages
- $558,375
- Salaries, compensation and benefits (total)
- $823,754
- Professional fundraising fees
- $0
- Occupancy
- $85,778
- Travel
- $12,301
- Depreciation
- $2,870
- Program services (functional)
- $1,267,446
- Management and general (functional)
- $265,373
- Fundraising (functional)
- $26,042
Balance sheet and other
- Total assets, start of year
- $1,137,379
- Total assets, end of year
- $1,107,435
- Total liabilities, end of year
- $75,903
- Net assets, end of year
- $1,031,532
- Land, buildings and equipment
- $11,122
- Net assets without donor restrictions
- $1,031,532
- Gross receipts
- $1,673,040
- Employees
- 17
- Year formed
- 1982
- 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 | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER SETTI | OFFICER Officer | 40 | $189,122 | $5,490 |
| DON FORREST | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| WILLIAM BLESSMAN | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| LEANNE SKUSE | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| RITA ALI | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| RICK SWAN | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| BRETT GRIMM | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| ANDREW HONEGGER | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| CLINT HEINOLD | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| MATT MAMER | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| MARK KUHN | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| CLINTON DRURY | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| JAMES FOLEY | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| HENRY VICARY | SECRETARY Trustee or director, Officer | 2.5 | $0 | $0 |
| DANETTE SWANK | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
23 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SONGO DEDE | VICE-CHAIR Trustee or director, Officer | 2.5 | $0 |
| CHUCK NAGEL | DIRECTOR Trustee or director | 2.5 | $0 |
| BRIAN OLSON | DIRECTOR Trustee or director | 2.5 | $0 |
| MIKE PHELAN | DIRECTOR Trustee or director | 2.5 | $0 |
| RYAN SPAIN | DIRECTOR Trustee or director | 2.5 | $0 |
| JW PRICE | DIRECTOR Trustee or director | 2.5 | $0 |
| ERIC WHITFIELD | DIRECTOR Trustee or director | 2.5 | $0 |
| BRIAN RAY | DIRECTOR Trustee or director | 2.5 | $0 |
| JENNIFER ZAMMUTO | DIRECTOR Trustee or director | 2.5 | $0 |
| JIM MATHIS | DIRECTOR Trustee or director | 2.5 | $0 |
| DON JOHNSON | DIRECTOR Trustee or director | 2.5 | $0 |
| RUEBEN CUMMINGS | DIRECTOR Trustee or director | 2.5 | $0 |
| CHRISTELL FRAUSTO-DOSSO | DIRECTOR Trustee or director | 2.5 | $0 |
| JAMEL SANTA CRUZE WRIGHT | DIRECTOR Trustee or director | 2.5 | $0 |
| GARY MANIER | DIRECTOR Trustee or director | 2.5 | $0 |
| BETH CRIDER | DIRECTOR Trustee or director | 2.5 | $0 |
| AARON KILGORE | DIRECTOR Trustee or director | 2.5 | $0 |
| KYLE SMITH | DIRECTOR Trustee or director | 2.5 | $0 |
| TOMMY ARBUCKLE | DIRECTOR Trustee or director | 2.5 | $0 |
| JIMMY DILLON | DIRECTOR Trustee or director | 2.5 | $0 |
| MICHAEL DEROSS | DIRECTOR Trustee or director | 2.5 | $0 |
| MARY BURRESS | DIRECTOR Trustee or director | 2.5 | $0 |
| SHEILA QUIRK-BAILEY | TREASURER Officer | 2.5 | $0 |
990 for the year ended December 31, 2023: 36 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER SETTI | OFFICER Officer | 40 | $175,599 | $5,359 |
| JENNIFER ZAMMUTO | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| JIM MATHIS | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| DON JOHNSON | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| BRIAN RAY | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| RYAN SPAIN | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| MIKE PHELAN | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| ERIC WHITFIELD | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| JW PRICE | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| KYLE SMITH | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| AARON KILGORE | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| JIMMY DILLON | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| TOMMY ARBUCKLE | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| BETH CRIDER | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| CHRISTELL FRAUSTO-DOSSO | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| RUEBEN CUMMINGS | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| GARY MANIER | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| JAMEL SANTA CRUZE WRIGHT | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| ANDREW HONEGGER | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| J DAVID ZIMMERMAN | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| MATT MAMER | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| CLINT HEINOLD | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| LEANNE SKUSE | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| WILLIAM BLESSMAN | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| RICK SWAN | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| RITA ALI | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| DANETTE SWANK | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| CHUCK NAGEL | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| BRIAN OLSON | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| MICHAEL UNES | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| CLINTON DRURY | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| JAMES FOLEY | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| DON FORREST | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| HENRY VICARY | SECRETARY Trustee or director, Officer | 2.5 | $0 | $0 |
| SONGO DEDE | VICE-CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| SHEILA QUIRK-BAILEY | TREASURER Trustee or director, Officer | 2.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 SW ADAMS ST, PEORIA, IL 61602-1407
- In care of
- % DON FORREST
- Principal officer (990 for 2024)
- DON FORREST, 401 NE JEFFERSON AVE, PEORIA, IL 61603
- Signed the 990
- DON FORREST, OFFICER
- Phone
- (309) 495-5910
- Website
- WWW.GREATERPEORIAEDC.ORG
- Return prepared by
- Phillips Salmi & Associates LLC
Mission
THE GREATER PEORIA ECONOMIC DEVELOPMENT COUNCIL (GPEDC) SERVES BUSINESSES AND COMMUNITIES OF THE GREATER PEORIA AREA BY STRENCTHENING LOCAL BUSINESS STRUCTURE AND ASSISTING COMPANIES IN EXPANDING OR RELOCATING TO THE REGION.
Program accomplishments
- THE GPEDC PERFORMS ACTIVITIES CENTERED AROUND BUSINESS RETENTION AND EXPANSION, PREPARING COMMUNITIES FOR ECONOMIC RECOVERY, BUSINESS RECRUITMENT, AND BUSINESS PERFORMANCE MEASUREMENTS.Expenses $1,267,446
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
- 37-1104504
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,107,435
- Income (IRS master file)
- $1,673,040
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,673,040 | $1,558,861 | $1,107,435 | XML |
| 990 | December 2023 | $1,264,545 | $1,341,643 | $1,137,379 | XML |
| 990 | December 2022 | $1,229,898 | $1,361,959 | $1,286,511 | 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 37-1104504).
Questions about EDC INC THE ECONOMIC DEVELOPMENT COUNCIL FOR THE PEORIA AREA
- What is the EIN of EDC INC THE ECONOMIC DEVELOPMENT COUNCIL FOR THE PEORIA AREA?
- The employer identification number (EIN) of EDC INC THE ECONOMIC DEVELOPMENT COUNCIL FOR THE PEORIA AREA is 37-1104504.
- Is EDC INC THE ECONOMIC DEVELOPMENT COUNCIL FOR THE PEORIA AREA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1981.
- Are donations to EDC INC THE ECONOMIC DEVELOPMENT COUNCIL FOR THE PEORIA AREA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EDC INC THE ECONOMIC DEVELOPMENT COUNCIL FOR THE PEORIA AREA 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 EDC INC THE ECONOMIC DEVELOPMENT COUNCIL FOR THE PEORIA AREA 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 EDC INC THE ECONOMIC DEVELOPMENT COUNCIL FOR THE PEORIA AREA 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 EDC INC THE ECONOMIC DEVELOPMENT COUNCIL FOR THE PEORIA AREA?
- The 990 for the year ended December 31, 2024 names DON FORREST.
- Who are the officers and directors of EDC INC THE ECONOMIC DEVELOPMENT COUNCIL FOR THE PEORIA AREA?
- The 990 for the year ended December 31, 2024 lists 38 people; 1 received compensation from the organization, the highest $189,122 (CHRISTOPHER SETTI, OFFICER).
- How much revenue does EDC INC THE ECONOMIC DEVELOPMENT COUNCIL FOR THE PEORIA AREA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,673,040, expenses of $1,558,861 and total assets of $1,107,435 at year end.
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