Illinois Valley Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 10,006,719 | 9,730,982 | 275,737 | 7.1 | 35% |
| 2012 | 9,333,840 | 9,169,548 | 164,292 | 7.8 | 35% |
| 2013 | 9,067,071 | 9,051,140 | 15,931 | 7.9 | 35% |
| 2014 | 9,828,260 | 9,629,126 | 199,134 | 7.7 | 32% |
| 2015 | 8,718,364 | 8,660,293 | 58,071 | 8.6 | 36% |
| 2016 | 7,729,435 | 7,286,393 | 443,042 | 11.0 | 43% |
| 2017 | 8,248,299 | 8,024,731 | 223,568 | 10.3 | 43% |
| 2018 | 8,193,373 | 8,012,907 | 180,466 | 10.6 | 43% |
| 2019 | 8,900,819 | 8,699,740 | 201,079 | 10.0 | 41% |
| 2020 | 9,027,042 | 8,800,561 | 226,481 | 10.2 | 45% |
| 2021 | 12,352,802 | 11,405,196 | 947,606 | 8.9 | 37% |
| 2022 | 12,871,586 | 12,666,759 | 204,827 | 8.2 | 38% |
| 2023 | 14,462,276 | 13,825,549 | 636,727 | 8.1 | 36% |
In its most recent public year (2023), this organization brought in $636,727 more than it spent. Its reserves stood at about 8.1 months of spending. Staff pay was 36% of spending. $1,768,727 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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