2024-11-15T12:47:48-05:00 2023-12-31 300003878 BENNING GROUP LLC 6815 WEAVER RD STE 300 ROCKFORD IL 611148060 990 2023-01-01 363055858 ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL INC ROCK 8159878100 308 W STATE STREET SUITE 350 ROCKFORD IL 61101 ANGELA LARSON GRCC CEO 8159878118 2024-11-15 false CURTIS D KLECKLER P00641247 8153162375 2024-11-15 2023 2024-10-15 13:58:12Z X MICHAEL GRONEWOLD 308 W STATE STREET SUITE 350 ROCKFORD IL 61101 676959 false X ROCKFORDIL.COM X 1980 IL THE ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL CULTIVATES OPPORTUNITIES FOR PRIMARY JOB GROWTH THAT INCREASE THE ECONOMIC WELL-BEING OF OUR REGION X 21 21 0 22 0 538084 647410 45500 0 581 265 4496 29284 588661 676959 0 0 796440 313479 0 0 384204 194484 1180644 507963 -591983 168996 393923 0 618554 0 -224631 0 THE ROCKFORD AREA ECONOMIC DEVELOPMENT COUNCIL CULTIVATES OPPORTUNITIES FOR PRIMARY JOB GROWTH THAT INCREASE THE ECONOMIC WELL-BEING OF OUR REGION false false BUSINESS ATTRACTION: ATTRACTING BUSINESSES TO LOCATE OR RELOCATE TO THE ROCKFORD AREA. BUSINESS EXPANSION & RETENTION: ASSISTING EXISTING AREA BUSINESSES TO RETAIN OR EXPAND. BUSINESS CLIMATE SERVICES: WORK WITH CURRENT AND POTENTIAL RAEDC INVESTORS REGARDING ECONOMIC DEVELOPMENT ISSUES. false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false true 0 0 0 false false false false false false false false X 21 21 false false false false true true true true true false false false true false true true true true true false IL X X JOHN MORRISSEY ACCOUNTANTS INC 8152824600 5919 SPRING CREEK ROAD ROCKFORD IL 61114 WENDY ALSTEEN DIRECTOR 5.00 X 0 0 0 CHRISTOPHER ANDERSON DIRECTOR 5.00 X 0 0 0 DAVID ANSPAUGH DIRECTOR 5.00 X 0 0 0 EDWARD BERG DIRECTOR 5.00 X 0 0 0 CONOR BROWN DIRECTOR 5.00 X 0 0 0 SULLY CADENGA DIRECTOR 5.00 X 0 0 0 GINA CARONNA DIRECTOR 5.00 X 0 0 0 ERIC CUNNINGHAM DIRECTOR 5.00 X 0 0 0 REBECCA EPPERSON DIRECTOR 5.00 X 0 0 0 DAVID FORWARD DIRECTOR 5.00 X 0 0 0 KARL FRANZEN DIRECTOR 5.00 X 0 0 0 GEORGE GAULRAPP DIRECTOR 5.00 X 0 0 0 DAN GIOVANETTI VICE CHAIR 5.00 X X 0 0 0 ALAN GOLDEN DIRECTOR 5.00 X 0 0 0 THOMAS GREEN DIRECTOR 5.00 X 0 0 0 JOHN GROH DIRECTOR 5.00 X 0 0 0 MICHAEL GRONEWOLD SECRETARY/TR 5.00 X X 0 0 0 CAITLIN PUSATERI DIRECTOR 5.00 X 0 0 0 JAMES RICHTER II DIRECTOR 5.00 X 0 0 0 JAMES ROZINSKY CHAIR 5.00 X X 0 0 0 GRANT SJOSTROM DIRECTOR 5.00 X 0 0 0 THERESE THILL PRESIDENT/CE 40.00 X 0 108999 19129 108999 19129 false false false 549576 97834 647410 265 265 MISCELLANEOUS 29284 29284 29284 676959 29549 X 125365 154326 5376 10156 18256 3915 94793 6000 9675 57795 5461 5785 1614 827 TELEPHONE 4058 BANK FEES 1536 BAD DEBT EXPENSE 293 2732 507963 0 0 0 186510 11784 95750 2778 3326 93775 393923 0 138419 385604 94531 618554 0 X -224631 -224631 0 393923 0 X 168996 55635 X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false 676959 676959 676959 507963 507963 507963 BANK ACCOUNTS 2023-10-01 76674 COST 363243445 GREATER ROCKFORD CHAMBER OF COMMERC 308 W STATE STREET SUITE 190 ROCKFORD IL 61101 501(C)6 ACCOUNTS RECEIVABLE 2023-10-01 5000 COST 363243445 GREATER ROCKFORD CHAMBER OF COMMERC 308 W STATE STREET SUITE 190 ROCKFORD IL 61101 501(C)6 PREPAID EXPENSES 2023-10-01 44086 COST 363243445 GREATER ROCKFORD CHAMBER OF COMMERC 308 W STATE STREET SUITE 190 ROCKFORD IL 61101 501(C)6 FIXED ASSETS, NET 2023-10-01 1712 COST 363243445 GREATER ROCKFORD CHAMBER OF COMMERC 308 W STATE STREET SUITE 190 ROCKFORD IL 61101 501(C)6 RIGHT OF USE, NET 2023-10-01 18993 COST 363243445 GREATER ROCKFORD CHAMBER OF COMMERC 308 W STATE STREET SUITE 190 ROCKFORD IL 61101 501(C)6 true false false false SCHEDULE N, PART II, PAGE 2, LINE 2E THE FOLLOWING BOARD MEMBERS OF THE ROCKFORD AREA ECONOMIC DEVELOPMENT CORPORATION BECAME BOARD MEMBERS OF THE MERGED ENTITY (GREATER ROCKFORD CHAMBER OF COMMERCE), EFFECTIVE 10/01/2023: 1. WENDY ALSTEEN 2. CONOR BROWN 3. THOMAS GREEN 4. JOHN GROH 5. MICHAEL GRONEWOLD FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION IS COMPRISED OF INVESTORS/STOCKHOLDERS. FORM 990, PAGE 6, PART VI, LINE 7A THE INVESTORS/STOCKHOLDERS ARE ABLE TO REVIEW THE CANDIDATES FOR THE BOARD AND VOTE ON THE SELECTION AS EACH BOARD MEMBER TERM COMES TO A CLOSE. FORM 990, PAGE 6, PART VI, LINE 7B EACH YEAR, THE INVESTORS/STOCKHOLDERS ARE ABLE TO VOTE ON HOW A PORTION OF THE GENERAL BUDGET IS SPENT TO FUND RAEDC PROGRAMS. FORM 990, PAGE 6, PART VI, LINE 11B REVIEW AND APPROVAL OF THE 990 WILL BE DONE BY SENIOR STAFF AND BOARD OFFICERS PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST FORMS ARE COMPLETED BY STAFF AND THE BOARD OF DIRECTORS WHEN THEIR RESPECTIVE TERM BEGINS. CONFLICTS ARE NOTED ON SAID FORM AND BOARD OF DIRECTORS ABSTAIN FROM VOTING ON ANY ISSUE IN WHICH CONFLICTS MAY OCCUR. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT'S ANNUAL COMPENSATION PLAN, INCLUDING BASE SALARY AND ANY BONUS PAYMENT, IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT RECOMMENDS ALL OFFICER SALARY AND BONUS ADJUSTMENTS USING COMPARABLE SALARIES AND NATIONAL PEERS PUBLISHED BY NATIONAL ECONOMIC DEVELOPMENT ORGANIZATIONS SUCH AS IEDC, COST OF LIVING STATISTICS, AND EXTRAORDINARY PERFORMANCE. THOSE RECOMMENDATIONS ARE THEN REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. ALL NON-OFFICER STAFF COMPENSATION CHANGES ARE RECOMMENDED BY THE PRESIDENT AND REVIEWED AND APPROVED BY THE BOARD CHAIR. FORM 990, PAGE 6, PART VI, LINE 19 ROCKFORD AREA ECONOMIC DEVELOPEMENT COUNCIL HAS MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES 0 18,461 76,332 FORM 990, PART XI, LINE 9 PRIOR PERIOD ADJUSTMENT 88,606 TRANSFER OF NET ASSETS TO GRCC -32,971 TOTAL 55,635