Nonprofit · EIN 83-2577945
LIBERTYVILLE BUSINESS PARK ASSOCIATION INC
Tax-exempt · WINNETKA, IL 60093
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $60,000 | $59,902 | $98 | $53,126 | $0 | $53,126 |
| December 31, 2024 | 990 | $60,000 | $59,027 | $973 | $53,029 | $0 | $53,029 |
| December 31, 2023 | 990 | $60,000 | $72,282 | -$12,282 | $52,056 | $0 | $52,056 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $60,000
- Membership dues
- $60,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,650
- Travel
- $660
Balance sheet and other
- Total assets, start of year
- $53,029
- Total assets, end of year
- $53,126
- Total liabilities, end of year
- $0
- Net assets, end of year
- $53,126
- Land, buildings and equipment
- $50,071
- Gross receipts
- $60,000
- Employees
- 0
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN SEXTON | DIRECTOR - PRESIDENT Officer | 1 | $0 |
| JOHN NELSON | DIRECTOR - SECRETARY Officer | 0.5 | $0 |
| JASON DHALIWAL | DIRECTOR - TREASURER Officer | 0.5 | $0 |
| ROB ROMANELLI | DIRECTOR Officer | 0.5 | $0 |
| TONY STANG | DIRECTOR Officer | 0.5 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN SEXTON | DIRECTOR - PRESIDENT Officer | 1 | $0 |
| JOHN NELSON | DIRECTOR - SECRETARY Officer | 0.5 | $0 |
| JASON DHALIWAL | DIRECTOR - TREASURER Officer | 0.5 | $0 |
| ROB ROMANELLI | DIRECTOR Officer | 0.5 | $0 |
| TONY STANG | DIRECTOR Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN SEXTON | DIRECTOR - PRESIDENT Officer | 1 | $0 |
| JOHN NELSON | DIRECTOR - SECRETARY Officer | 0.5 | $0 |
| JASON DHALIWAL | DIRECTOR - TREASURER Officer | 0.5 | $0 |
| ROB ROMANELLI | DIRECTOR Officer | 0.5 | $0 |
| TONY STANG | DIRECTOR Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 586 LINCOLN AVE 414, WINNETKA, IL 60093-2308
- In care of
- % JOHN SEXTON
- Principal officer (990 for 2025)
- JOHN SEXTON, 1900 USG DRIVE, LIBERTYVILLE, IL 60048
- Signed the 990
- JOHN SEXTON, PRESIDENT
- Phone
- (847) 372-5769
- Return prepared by
- JSG CPAS & ADVISORS PLLC
Mission
THE PURPOSE OF THE ASSOCIATION IS TO DEVELOP LIBERTYVILLE BUSINESS PARK AS A RESEARCH, OFFICE AND INDUSTRIAL COMPLEX PURSUANT TO THE DEVELOPMENT AGREEMENT AND THE DEVELOPMENT ORDINANCE, TO PROVIDE FOR THE PRESERVATION OF THE VALUES AND AMENITIES FOR THE BENEFIT OF THE REAL ESTATE, TO CREATE CERTAIN EASEMENTS, AND TO PROVIDE FOR USE, MAINTENANCE, AND REPAIRS FOR OWNERS.
Program accomplishments
- PLACE 24 TONS OF STONE INTO THE WEST PONDExpenses $7,500
- PLACE 36 TONS OF STONE ALONG THE DAM STRUCTURE IN THE EAST POND. CLAY PLACED AND COMPACTED INTO THE MUSKRAT BURROWS.Expenses $16,000
- GROUT THE EAST & WEST POND OUTFLOW STRUCTUREExpenses $940
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
- 83-2577945
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W03)
- Assets (IRS master file)
- $53,126
- Income (IRS master file)
- $60,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $60,000 | $59,902 | $53,126 | XML |
| 990 | December 2024 | $60,000 | $59,027 | $53,029 | IRS |
| 990 | December 2023 | $60,000 | $72,282 | $52,056 | XML |
| 990 | December 2022 | $70,000 | $55,632 | $74,338 | 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 83-2577945).
Questions about LIBERTYVILLE BUSINESS PARK ASSOCIATION INC
- What is the EIN of LIBERTYVILLE BUSINESS PARK ASSOCIATION INC?
- The employer identification number (EIN) of LIBERTYVILLE BUSINESS PARK ASSOCIATION INC is 83-2577945.
- Is LIBERTYVILLE BUSINESS PARK ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2019.
- Are donations to LIBERTYVILLE BUSINESS PARK ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LIBERTYVILLE BUSINESS PARK ASSOCIATION INC 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 LIBERTYVILLE BUSINESS PARK ASSOCIATION INC 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 LIBERTYVILLE BUSINESS PARK ASSOCIATION INC 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 LIBERTYVILLE BUSINESS PARK ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 names JOHN SEXTON.
- Who are the officers and directors of LIBERTYVILLE BUSINESS PARK ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does LIBERTYVILLE BUSINESS PARK ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $60,000, expenses of $59,902 and total assets of $53,126 at year end.
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