Nonprofit · EIN 84-2257723
NATIONAL CENTER FOR ECONOMICS
Also known as TOTAL BUSINESS
Tax-exempt (reinstated) · JOLIET, IL 60436
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,948,328 | $1,687,323 | $261,005 | $797,497 | $306,330 | $491,167 |
| December 31, 2023 | 990-PF | $460,600 | $357,304 | $103,296 | $468,032 | $237,870 | $230,162 |
| December 31, 2022 | 990-PF | $152,278 | $166,666 | -$14,388 | $356,283 | $261,947 | $94,336 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,948,328
Expenses
- Grants and similar amounts paid
- $1,199
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $1,273,343
- Disbursements for charitable purposes
- $108,740
Balance sheet and other
- Total assets, start of year
- $468,032
- Total assets, end of year
- $797,497
- Total liabilities, end of year
- $306,330
- Net assets, end of year
- $491,167
- Fair market value of assets
- $797,497
- Qualifying distributions
- $108,740
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michele McAdams 1017, S, Richards Joliet, IL 60433 | President | 2 | $0 |
| Jesse Waters 202, Broadway, Joliet, IL 60454 | Secretary | 5 | $0 |
| Julia Brazys 1003, BarberryWay, Joliet, IL 60431 | Treasurer | 5 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michele McAdams 1017, S, Richards Joliet, IL 60433 | President | 8 | $0 |
| Taji Askia 316, Broadway, Joliet, IL 60454 | Secretary | 5 | $0 |
| Julia Brazys 1003, BarberryWay, Joliet, IL 60431 | Treasurer | 5 | $0 |
990-PF for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michele McAdams 1017 S, Richards Joliet, IL 60433 | President | 8 | $0 |
| Taji Askia 316 Broadway, Joliet, IL 60454 | Secretary | 5 | $0 |
| Julia Brazys 1003 BarberryWay, Joliet, IL 60431 | Treasurer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 200 S LARKIN AVE, JOLIET, IL 60436-1248
- In care of
- % MICHELE MCADAMS
- Signed the 990-PF
- Michele Mc Adams, President
- Phone
- (815) 768-9791
- Return prepared by
- Accountingwork
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 84-2257723
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $797,497
- Income (IRS master file)
- $1,948,328
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective February 15, 2024
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,948,328 | $1,687,323 | $797,497 | XML |
| 990-PF | December 2023 | $460,600 | $357,304 | $468,032 | XML |
| 990-PF | December 2022 | $152,278 | $166,666 | $356,283 | XML |
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 84-2257723).
Questions about NATIONAL CENTER FOR ECONOMICS
- What is the EIN of NATIONAL CENTER FOR ECONOMICS?
- The employer identification number (EIN) of NATIONAL CENTER FOR ECONOMICS is 84-2257723.
- Is NATIONAL CENTER FOR ECONOMICS tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective February 15, 2024.
- Are donations to NATIONAL CENTER FOR ECONOMICS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does NATIONAL CENTER FOR ECONOMICS file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NATIONAL CENTER FOR ECONOMICS 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 NATIONAL CENTER FOR ECONOMICS last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of NATIONAL CENTER FOR ECONOMICS?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does NATIONAL CENTER FOR ECONOMICS have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,948,328, expenses of $1,687,323 and total assets of $797,497 at year end.
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