Nonprofit · EIN 37-1136537
MACOMB AREA INDUSTRIAL DEVELOPMENT CORPORATION
Tax-exempt · MACOMB, IL 61455
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $246,808 | $228,512 | $18,296 | $999,408 | $81,266 | $918,142 |
| December 31, 2024 | 990 | $189,688 | $219,683 | -$29,995 | $986,562 | $86,716 | $899,846 |
| December 31, 2023 | 990 | $190,148 | $175,707 | $14,441 | $1,021,217 | $91,376 | $929,841 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $206,150
- Membership dues
- $171,150
- Program service revenue
- $0
- Investment income
- $8,378
- Net rental income
- $7,666
- Other revenue
- $32,280
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $88,600
- Other salaries and wages
- $41,258
- Salaries, compensation and benefits (total)
- $146,792
- Professional fundraising fees
- $0
- Accounting fees
- $3,025
- Occupancy
- $12,970
- Travel
- $774
- Depreciation
- $12,780
- Program services (functional)
- $228,512
Balance sheet and other
- Total assets, start of year
- $986,562
- Total assets, end of year
- $999,408
- Total liabilities, end of year
- $81,266
- Net assets, end of year
- $918,142
- Land, buildings and equipment
- $435,462
- Net assets without donor restrictions
- $558,218
- Net assets with donor restrictions
- $359,924
- Gross receipts
- $246,808
- Employees
- 2
- Volunteers
- 0
- Year formed
- 1985
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIM PIERCE | PRESIDENT/CEO Trustee or director | 40 | $88,600 |
| JAY GRISWOLD | PRESIDENT Officer | 5 | $0 |
| TIM O'HERN | VICE-PRESIDENT Officer | 5 | $0 |
| JOHN ARMSTRONG | TREASURER Officer | 5 | $0 |
| TODD LESTER | SECRETARY Officer | 5 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIM PIERCE | PRESIDENT/CEO Trustee or director | 40 | $85,000 |
| JAY GRISWOLD | PRESIDENT Officer | 5 | $0 |
| TIM O'HERN | VICE-PRESIDENT Officer | 5 | $0 |
| JOHN ARMSTRONG | TREASURER Officer | 5 | $0 |
| TODD LESTER | SECRETARY Officer | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIM PIERCE | EXECUTIVE DIRECTOR Trustee or director | 40 | $79,600 |
| DOUG ERICKSON | PRESIDENT Officer | 5 | $0 |
| JAY GRISWOLD | VICE-PRESIDENT Officer | 5 | $0 |
| TIM O'HERN | TREASURER Officer | 5 | $0 |
| JOHN ARMSTRONG | SECRETARY Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1406 E CARROLL ST, MACOMB, IL 61455-1819
- Principal officer (990 for 2025)
- JAY GRISWOLD, 210 N COAL ST, COLCHESTER, IL 62326
- Signed the 990
- KIMBERLY S PIERCE, PRESIDENT/CEO
- Phone
- (309) 837-4684
- Return prepared by
- Gregory J Butler CPA
Mission
PROMOTE DEVELOPMENT OF NEW AND EXITING INDUSTRIES
Program accomplishments
- ENHANCED DEVELOPMENT OF NEW AND EXISTING INDUSTRIESExpenses $228,512 · revenue $246,808
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 | 990 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
- 37-1136537
- 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
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $999,408
- Income (IRS master file)
- $246,808
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $246,808 | $228,512 | $999,408 | IRS |
| 990 | December 2024 | $189,688 | $219,683 | $986,562 | XML |
| 990 | December 2023 | $190,148 | $175,707 | $1,021,217 | XML |
| 990 | December 2022 | $197,186 | $203,765 | $1,005,548 | 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 37-1136537).
Questions about MACOMB AREA INDUSTRIAL DEVELOPMENT CORPORATION
- What is the EIN of MACOMB AREA INDUSTRIAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MACOMB AREA INDUSTRIAL DEVELOPMENT CORPORATION is 37-1136537.
- Is MACOMB AREA INDUSTRIAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to MACOMB AREA INDUSTRIAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MACOMB AREA INDUSTRIAL 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 MACOMB AREA INDUSTRIAL DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MACOMB AREA INDUSTRIAL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MACOMB AREA INDUSTRIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names JAY GRISWOLD.
- Who are the officers and directors of MACOMB AREA INDUSTRIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $88,600 (KIM PIERCE, PRESIDENT/CEO).
- How much revenue does MACOMB AREA INDUSTRIAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $246,808, expenses of $228,512 and total assets of $999,408 at year end.
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