Nonprofit · EIN 82-4479816
LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · SPRINGFIELD, IL 62705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,347,242 | $3,072,749 | -$1,725,507 | $298,447 | $201,639 | $96,808 |
| December 31, 2023 | 990 | $1,500,237 | $1,802,974 | -$302,737 | $2,322,508 | $500,192 | $1,822,316 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,323,750
- of which government grants
- $752,500
- Membership dues
- $571,250
- Program service revenue
- $0
- Investment income
- $19,329
- Other revenue
- $4,163
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $213,565
- Other salaries and wages
- $336,396
- Salaries, compensation and benefits (total)
- $651,883
- Professional fundraising fees
- $0
- Accounting fees
- $9,267
- Occupancy
- $52,778
- Travel
- $48,675
- Depreciation
- $20,310
Balance sheet and other
- Total assets, start of year
- $2,322,508
- Total assets, end of year
- $298,447
- Total liabilities, end of year
- $201,639
- Net assets, end of year
- $96,808
- Land, buildings and equipment
- $2,073
- Net assets without donor restrictions
- $28,058
- Net assets with donor restrictions
- $68,750
- Gross receipts
- $1,347,242
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2018
- 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 |
|---|---|---|---|
| RYAN MCCRADY | EXECUTIVE DIRECTOR Officer | 40 | $213,565 |
| ABBY POWELL | DIR. BUSINESS DEVELOPMENT Highest-paid employee | 40 | $122,927 |
| SHELLY TULO | DIR. MARKETING & COMMUNICATIONS Highest-paid employee | 40 | $108,129 |
| AARON GURNSEY | DIRECTOR Trustee or director | 1 | $0 |
| ANDY VAN METER | DIRECTOR Trustee or director | 1 | $0 |
| BILL BAILEY | DIRECTOR Trustee or director | 1 | $0 |
| CLINT PAUL | DIRECTOR Trustee or director | 1 | $0 |
| DAMOND BOATWRIGHT | DIRECTOR Trustee or director | 1 | $0 |
| DAN DUNGAN | DIRECTOR Trustee or director | 1 | $0 |
| DOMINIC WATSON | DIRECTOR Trustee or director | 1 | $0 |
| DR CHARLOTTE WARREN | SECRETARY Trustee or director, Officer | 2 | $0 |
| ED CURTIS | CHAIR Trustee or director, Officer | 2 | $0 |
| GEOFF ISRINGHAUSEN | EXEC. COMM. MEMBER Trustee or director | 1 | $0 |
| HY BUNN | DIRECTOR Trustee or director | 1 | $0 |
| JANET GOOCH | DIRECTOR Trustee or director | 1 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON KNOEDLER | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER GILL | DIRECTOR Trustee or director | 1 | $0 |
| JOE KULEK | DIRECTOR Trustee or director | 1 | $0 |
| MARCUS JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| MARITA ZURAITIS | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| MARK HANNA | DIRECTOR Trustee or director | 1 | $0 |
| MIKE AIELLO | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 |
| MIKE MURPHY | DIRECTOR Trustee or director | 1 | $0 |
| MIKE O'SHEA | DIRECTOR Trustee or director | 1 | $0 |
| MISTY BUSCHER | DIRECTOR Trustee or director | 1 | $0 |
| RAY WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| RYAN LEVI | DIRECTOR Trustee or director | 1 | $0 |
| SARAH PHALEN | TREASURER Trustee or director, Officer | 2 | $0 |
| SATCH PECORI | NOM. CHAIR Trustee or director | 1 | $0 |
| TERI MYERS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RYAN MCCRADY | EXECUTIVE DIRECTOR Officer | 40 | $196,878 |
| MIKE AIELLO | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 |
| ED CURTIS | CHAIR Trustee or director, Officer | 1 | $0 |
| SARAH PHALEN | TREASURER Trustee or director, Officer | 2 | $0 |
| DR CHARLOTTE WARREN | SECRETARY Trustee or director, Officer | 2 | $0 |
| SATCH PECORI | DIRECTOR Trustee or director | 1 | $0 |
| DAN DUNGAN | DIRECTOR Trustee or director | 1 | $0 |
| MARITA ZURAITIS | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| DAMOND BOATWRIGHT | DIRECTOR Trustee or director | 1 | $0 |
| HY BUNN | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER GILL | DIRECTOR Trustee or director | 1 | $0 |
| JANET GOOCH | DIRECTOR Trustee or director | 2 | $0 |
| AARON GURNSEY | DIRECTOR Trustee or director | 1 | $0 |
| MARK HANNA | DIRECTOR Trustee or director | 1 | $0 |
| GEOFF ISRINGHAUSEN | DIRECTOR Trustee or director | 1 | $0 |
| MARCUS JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| JASON KNOEDLER | DIRECTOR Trustee or director | 1 | $0 |
| GREGG HUMPHREY | DIRECTOR Trustee or director | 1 | $0 |
| RYAN LEVI | DIRECTOR Trustee or director | 1 | $0 |
| BILL BAILEY | DIRECTOR Trustee or director | 1 | $0 |
| MIKE O'SHEA | DIRECTOR Trustee or director | 1 | $0 |
| CLINT PAUL | DIRECTOR Trustee or director | 1 | $0 |
| MIKE MURPHY | DIRECTOR Trustee or director | 1 | $0 |
| ANDY VAN METER | DIRECTOR Trustee or director | 1 | $0 |
| DOMINIC WATSON | DIRECTOR Trustee or director | 1 | $0 |
| RAY WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| MISTY BUSCHER | DIRECTOR Trustee or director | 1 | $0 |
| STEVE SCHOEFFEL | DIRECTOR Trustee or director | 1 | $0 |
| TERI MYERS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2149, SPRINGFIELD, IL 62705-2149
- In care of
- % JEFFERY M WILDAY
- Principal officer (990 for 2024)
- SARAH PHALEN, 531 E WASHINGTON STREET, SPRINGFIELD, IL 62701
- Signed the 990
- SARAH PHALEN, TREASURER
- Phone
- (217) 679-3500
- Website
- WWW.THRIVEINSPI.ORG
- Return prepared by
- KERBER ECK & BRAECKEL LLP
Mission
TO PURSUE ECONOMIC PROSPERITY AND GROWTH FOR SANGAMON COUNTY AND THE CITY OF SPRINGFIELD BY CREATING A FINANCIALLY SOUND COMMUNITY ABLE TO ATTRACT NEW BUSINESSES AND SKILLED TALENT, WHILE RETAINING TODAY'S PROFITABLE COMPANIES AND THEIR LOCAL WORKFORCE.
Program accomplishments
- GREW THE BUSINESS RETENTION AND EXPANSION (BRE) PROGRAM BY CONDUCITNG OVER 100 MEETINGS IN 2024. AT THE BRE MEETINGS, LLEDC STAFF ALSO WORKS TO ENCOURAGE BUSINESSES TO EXPAND AND CONNECT THEM TO RESOURCES TO ASSIST THEM. THE COMMUNITY MARKETING CAMPAIGN CONTINUES TO BE SUCCESSFUL WITH OVER 3 MILLION VIEWS OF THE DIGITAL MARKETING EFFORTS. WORKERS IN THE COMMUNITY STAYED ENGAGED WITH THE METRO AREA SURPASSING ITS PRE-PANDEMIC EMPLOYMENT LEVELS AND AVERAGE WAGES ALSO SHOWING SIGNIFICANT INCREASES. TOTAL EMPLOYMENT INCREASED 1,300 POSITIONS OVER THE PREVIOUS YEAR AND 1,000 OVER PRE-PANDEMIC LEVELS. CONSTRUCTION CONTINUTED ON THE $75 MILLION SCHEELS SPORTS COMPLEX AT LEGACY POINTE. THE $800 MILLION DOUBLE BLACK DIAMOND SOLAR DEVELOPMEN COMPLETED CONSTRUCTION AND BEGAN OPERATING IN DECEMBER 2024. CONSTRUCTION BEGAN ON AN AMAZON DISTRIBUTION FACITLIY, AND PLANS FOR A FRITO LAY DISTRIBUTION FACILITY WERE ANNOUNCED. STAFF MADE DOZENS OF VISITS WITH NATIONAL SITE SELECTION CONSULTANTS TO GROW THEIR AWARENESS OF THE COMMUNITY IN REGARDS TO BUSINESS ATTRACTION OPPORTUNITIES AND LOCATIONS.
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
- 82-4479816
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $298,447
- Income (IRS master file)
- $1,347,242
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,347,242 | $3,072,749 | $298,447 | XML |
| 990 | December 2023 | $1,500,237 | $1,802,974 | $2,322,508 | XML |
| 990 | December 2022 | $1,565,148 | $1,742,108 | $2,327,244 | 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 82-4479816).
Questions about LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION is 82-4479816.
- Is LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2019.
- Are donations to LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAND OF LINCOLN 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 LAND OF LINCOLN 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 LAND OF LINCOLN 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 LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names SARAH PHALEN.
- Who are the officers and directors of LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 30 people; 3 received compensation from the organization, the highest $213,565 (RYAN MCCRADY, EXECUTIVE DIRECTOR).
- How much revenue does LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,347,242, expenses of $3,072,749 and total assets of $298,447 at year end.
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