2023-11-01T13:31:24-05:00 2022-12-31 430352985 KERBER ECK & BRAECKEL LLP 3200 ROBBINS ROAD STE 200A SPRINGFIELD IL 62704 990 2022-01-01 824479816 LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION LAND 2176793500 531 E WASHINGTON STREET SPRINGFIELD IL 62701 SARAH PHALEN TREASURER 2176793500 2023-10-31 1 SARAH PHALEN 999009999 0 JOSH SHUGART P01420935 2177890960 2023-10-31 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SPRINGFIELD SANGAMON GROWTH ALLIANCE SARAH PHALEN 531 E WASHINGTON STREET SPRINGFIELD IL 62701 1565148 0 X WWW.THRIVEINSPI.ORG X 2018 IL 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 THE PROFITABLE COMPANIES AND LOCAL WORKFORCE WHO ALREADY MAKE SANGAMON COUNTY THEIR HOME. 25 25 4 0 0 0 1407500 1554335 0 0 4939 10813 0 0 1412439 1565148 105283 65000 0 0 436503 565896 0 0 0 573193 1111212 1114979 1742108 297460 -176960 2374665 2327244 72652 202191 2302013 2125053 X 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. 0 0 LLEDC CONTINUED AND GREW THE BUSINESS RETENTION AND EXPANSION (BRE) PROGRAM THAT WAS STARTED IN 2021. 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 5 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 MORE THAN 2% OVER THE PREVIOUS YEAR AND MORE THAN 1.5% OVER PRE-PANDEMIC LEVELS. MAJOR ENERGY DEVELOPMENTS CONTINUE WITH THE $800 MILLION DOUBLE BLACK DIAMOND SOLAR DEVELOPMENT BREAKING GROUND IN OCTOBER 2022. 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. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 4 1 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 0 1 0 0 X JOSH SHUGART 2177890960 3200 ROBBINS ROAD STE 200A SPRINGFIELD IL 62704 MIKE AIELLO CHAIR 2.00 X X 0 0 0 ED CURTIS VICE-CHAIR 1.00 X X 0 0 0 SARAH PHALEN TREASURER 2.00 X X 0 0 0 DR CHARLOTTE WARREN SECRETARY 2.00 X X 0 0 0 SATCH PECORI CHAIR OF THE NOMINATING CO 1.00 X 0 0 0 DAN DUNGAN IMMEDIATE PAST CHAIR 1.00 X 0 0 0 MARITA ZURAITIS EXECUTIVE COMMITTEE MEMBER 2.00 X 0 0 0 DAMOND BOATWRIGHT DIRECTOR 1.00 X 0 0 0 HY BUNN DIRECTOR 1.00 X 0 0 0 JENNIFER GILL DIRECTOR 1.00 X 0 0 0 JANET GOOCH DIRECTOR 2.00 X 0 0 0 AARON GURNSEY DIRECTOR 1.00 X 0 0 0 MARK HANNA DIRECTOR 1.00 X 0 0 0 GEOFF ISRINGHAUSEN DIRECTOR 1.00 X 0 0 0 MARCUS JOHNSON DIRECTOR 1.00 X 0 0 0 JASON KNOEDLER DIRECTOR 1.00 X 0 0 0 JIM LANGFELDER DIRECTOR 1.00 X 0 0 0 RYAN LEVI DIRECTOR 1.00 X 0 0 0 DAN MECKES DIRECTOR 1.00 X 0 0 0 MIKE O'SHEA DIRECTOR 1.00 X 0 0 0 CLINT PAUL DIRECTOR 1.00 X 0 0 0 MIKE MURPHY DIRECTOR 1.00 X 0 0 0 ANDY VAN METER DIRECTOR 1.00 X 0 0 0 DOMINIC WATSON DIRECTOR 1.00 X 0 0 0 RAY WILLIAMS DIRECTOR 1.00 X 0 0 0 RYAN MCCRADY EXECUTIVE DIRECTOR 40.00 X 199498 0 0 199498 0 0 1 0 1 0 0 704335 850000 1554335 10813 10813 1565148 0 0 10813 X 65000 199498 282467 14465 36020 33446 19106 444110 350104 6079 23138 61576 33956 9499 24150 4669 PROFESSIONAL DEVELOPMEN 100346 DUES AND SUBSCRIPTIONS 25933 TELEPHONE AND INTERNET 5491 MISCELLANEOUS 2650 405 1742108 2247494 2114064 33150 86250 23336 24425 120754 74219 70685 46535 0 55970 2374665 2327244 47459 112612 25193 89579 72652 202191 X 2268863 2038803 33150 86250 2302013 2125053 2374665 2327244 -176960 0 X X 0 1 X 1 0 1 0 0 95189 60859 34330 25565 13360 12205 46535 ACCRUED VACATION 33331 OPERATING LEASE LIABILITY 56248 89579 X 1565148 0 1565148 0 1565148 1742108 0 1742108 0 1742108 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ASSOCIATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, AS SUCH, IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE CODE. THE ORGANIZATION HAS RECOGNIZED IN THE FINANCIAL STATEMENTS THE EFFECTS OF ALL TAX POSITIONS AND CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE ORGANIZATION IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT UNRECOGNIZED TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE FINANCIAL POSITION DATE. PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES ARE INCLUDED IN THE PROVISION FOR INCOME TAXES, IF APPLICABLE. 1 UIS INNOVATE SPRINGFIELD 15 S OLD STATE CAPITOL PLAZA SPRINGFIELD IL 62701 0 65000 CASH BUSINESS INCUBATION PROGRAMMING X 0 0 0 RYAN MCCRADY EXECUTIVE DIRECTOR 199498 0 0 0 0 0 0 0 0 0 199498 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS 21 VOTING MEMBERS AND 9 NON-VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS SHALL BE ELECTED BY THE VOTING MEMBERS, WHO SHALL ELECT DIRECTORS FROM THOSE NOMINEES APPROVED AND RECOMMENDED BY THE NOMINATING COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B DIRECTORS SHALL BE ELECTED BY THE VOTING MEMBERS, WHO SHALL ELECT DIRECTORS FROM THOSE NOMINEES APPROVED AND RECOMMENDED BY THE NOMINATING COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY POTENTIAL CONFLICT OF INTEREST SHALL BE DISCLOSED BY THE INTERESTED DIRECTORS AND OFFICERS BEFORE ANY DISCUSSION BEGINS AT ANY BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS ULTIMATELY REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 THE ASSOCIATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES 212,360. STRATEGIC INVESTMENT 231,750. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR