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Nonprofit · EIN 37-1368934

ILLINOIS MANUFACTURING EXCELLENCE CENTER

Tax-exempt · PEORIA, IL 61625

Financials

$13.7M$12.8M2022$17M$16.7M2023$17.8M$16.6M2024
Revenue Expenses · by fiscal year end
Financials of ILLINOIS MANUFACTURING EXCELLENCE CENTER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$17,807,817$16,575,962$1,231,855$12,018,256$3,118,153$8,900,103
September 30, 2024990$17,029,628$16,748,628$281,000$11,459,263$3,791,015$7,668,248
September 30, 2023990$13,667,518$12,819,960$847,558$9,657,150$2,269,902$7,387,248
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$9,197,388
of which government grants
$9,193,931
Program service revenue
$8,394,484
Investment income
$215,945
Other revenue
$0

Expenses

Grants and similar amounts paid
$6,239,770
Compensation of officers, directors and key employees
$364,150
Other salaries and wages
$662,202
Salaries, compensation and benefits (total)
$1,092,245
Professional fundraising fees
$0
Legal fees
$1,444
Accounting fees
$29,400
Occupancy
$64,159
Travel
$414,890
Program services (functional)
$15,355,799
Management and general (functional)
$1,220,163

Balance sheet and other

Total assets, start of year
$11,459,263
Total assets, end of year
$12,018,256
Total liabilities, end of year
$3,118,153
Net assets, end of year
$8,900,103
Net assets without donor restrictions
$8,900,103
Gross receipts
$17,807,817
Employees
53
Volunteers
0
Year formed
1996
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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
David BoulayPresident
Key employee
40$360,050
Marcia AyalaDirector
Trustee or director
0.7$0
Robert BarnettDirector
Trustee or director
0.7$0
David CarrollDirector
Trustee or director
0.7$0
Pedro DeJesusDirector
Trustee or director
0.7$0
David FoxDirector
Trustee or director
0.7$0
Mike LoquercioDirector
Trustee or director
0.7$0
Robert HerrmannDirector
Trustee or director
0.7$0
Ashley MoyDirector
Trustee or director
0.7$0
Caitlin SimhauserDirector
Trustee or director
0.7$0
Jeff TaylorDirector
Trustee or director
0.7$0
Craig Van den AvontPast Chair
Trustee or director
0.7$0
Karen WatsonDirector
Trustee or director
0.7$0
Jim NelsonDirector
Trustee or director
0.7$0
Mauro FrangipaniDirector
Trustee or director
0.7$0
5 more people on this return
NameTitleHours / weekCompensation
Michele Drew RodriguezChair
Trustee or director
0.7$0
Scott RempalaFinance Committee Chair
Trustee or director
0.7$0
Margy SweeneyGovernance Committee Chair
Trustee or director
0.7$0
Alex NadotichyDirector
Trustee or director
0.7$0
Anthony BrowningDirector
Trustee or director
0.7$0
990 for the year ended September 30, 2024: 19 people
NameTitleHours / weekCompensation
David BoulayPresident
Key employee
40$336,007
Marcia AyalaDirector
Trustee or director
0.7$0
Robert BarnettDirector
Trustee or director
0.7$0
David CarrollDirector
Trustee or director
0.7$0
Pedro DeJesusDirector
Trustee or director
0.7$0
David FoxDirector
Trustee or director
0.7$0
Mike LoquercioDirector
Trustee or director
0.7$0
Robert HerrmannDirector
Trustee or director
0.7$0
Ashley MoyDirector
Trustee or director
0.7$0
Caitlin SimhauserDirector
Trustee or director
0.7$0
Jeff TaylorDirector
Trustee or director
0.7$0
Craig Van den AvontPast Chair
Trustee or director
0.7$0
Karen WatsonDirector
Trustee or director
0.7$0
Ken CarltonDirector
Trustee or director
0.7$0
Jim NelsonDirector
Trustee or director
0.7$0
Mauro FrangipaniDirector
Trustee or director
0.7$0
Michele Drew RodriguezChair
Officer
0.8$0
Scott RempalaFinance Committee Chair
Officer
0.8$0
Margy SweeneyGovernance Committee Chair
Officer
0.8$0
990 for the year ended September 30, 2023: 18 people
NameTitleHours / weekCompensationOther / benefits
David BoulayPresident
Key employee
40$334,086$27,000
Marcia AyalaDirector
Trustee or director
0.7$0$0
Robert BarnettDirector
Trustee or director
0.7$0$0
David CarrollDirector
Trustee or director
0.7$0$0
Pedro DeJesusDirector
Trustee or director
0.7$0$0
David FoxDirector
Trustee or director
0.7$0$0
Janet GarettoDirector
Trustee or director
0.7$0$0
Mike LoquercioDirector
Trustee or director
0.7$0$0
Robert HerrmannDirector
Trustee or director
0.7$0$0
Ashley MoyDirector
Trustee or director
0.7$0$0
Caitlin SimhauserDirector
Trustee or director
0.7$0$0
Jeff TaylorDirector
Trustee or director
0.7$0$0
Craig Van den AvontPast Chair
Trustee or director
0.7$0$0
Karen WatsonDirector
Trustee or director
0.7$0$0
Ken Carlton2nd Vice Chair
Officer
0.8$0$0
Michele Drew RodriguezChair
Officer
0.8$0$0
Scott RempalaFinance Committee Chair
Officer
0.8$0$0
Margy SweeneyGovernance Committee Chair
Officer
0.8$0$0

Address and contacts

Address (IRS master file)
1501 W BRADLEY AVE, PEORIA, IL 61625-0001
In care of
% BRADLEY UNIVERSITY
Principal officer (990 for 2024)
David Boulay, 1501 W Bradley Avenue, Peoria, IL 61625
Signed the 990
David Boulay, President
Phone
(309) 677-3765

Mission

To foster the long-term economic and workforce competitiveness of the state and nation by stimulating innovation and the development of new practices, products, services, and production practices and to operate exclusively for educational and charitable purposes.

990 for the year ended September 30, 2025

Program accomplishments

  • The Illinois Manufacturing Excellence Center (IMEC) is a not-for-profit organization dedicated to providing technical, management and financial assistance as well as consulting and training service to manufacturing and technology-related firms, and to related industries that impact such enterprises. Activities during the period include service to 3709 smaller manufacturers involving 772 technical assistance projects, 479 other informal assistance engagements, and dissemination of information to over 10,000 smaller manufacturers and manufacturing-related enterprises.
    Expenses $15,355,799 · grants $6,239,770 · revenue $8,394,484

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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
37-1368934
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
1998
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$12,018,256
Income (IRS master file)
$17,807,817

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$17,807,817$16,575,962$12,018,256IRS
990September 2024$17,029,628$16,748,628$11,459,263XML
990September 2023$13,667,518$12,819,960$9,657,150XML
990September 2022$12,151,075$11,400,742$8,493,504IRS
990September 2021–––IRS
990September 2020–––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 37-1368934).

Questions about ILLINOIS MANUFACTURING EXCELLENCE CENTER

What is the EIN of ILLINOIS MANUFACTURING EXCELLENCE CENTER?
The employer identification number (EIN) of ILLINOIS MANUFACTURING EXCELLENCE CENTER is 37-1368934.
Is ILLINOIS MANUFACTURING EXCELLENCE CENTER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to ILLINOIS MANUFACTURING EXCELLENCE CENTER tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ILLINOIS MANUFACTURING EXCELLENCE CENTER 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 ILLINOIS MANUFACTURING EXCELLENCE CENTER due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ILLINOIS MANUFACTURING EXCELLENCE CENTER last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of ILLINOIS MANUFACTURING EXCELLENCE CENTER?
The 990 for the year ended September 30, 2025 names David Boulay.
Who are the officers and directors of ILLINOIS MANUFACTURING EXCELLENCE CENTER?
The 990 for the year ended September 30, 2025 lists 20 people; 1 received compensation from the organization, the highest $360,050 (David Boulay, President).
How much revenue does ILLINOIS MANUFACTURING EXCELLENCE CENTER have?
On its 990 for the year ended September 30, 2025 it reported revenue of $17,807,817, expenses of $16,575,962 and total assets of $12,018,256 at year end.

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