2025-11-11T13:29:20-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2024-01-01 371356170 KNOX COUNTY AREA PARTNERSHIP FOR ECONOMIC DEVELOPMENT NFP KNOX 3093431194 200 E MAIN ST STE 200 GALESBURG IL 61401 KENNETH J SPRINGER PRESIDENT 3093431194 2025-11-10 1 1 ANDREW SMITH CPA P01518894 3096714500 2025-11-10 2024 2025-03-06 01:10:19Z KENNETH J SPRINGER 200 E MAIN ST STE 200 GALESBURG IL 61401 370381 0 X KNOXPARTNERSHIP.ORG X 1996 IL PROVIDE LEADERSHIP FOR ECONOMIC GROWTH AND PROSPERITY IN THE KNOX COUNTY ILLINOIS REGIONAL AREA. 14 14 2 14 0 0 95978 148750 196900 202299 11844 19332 630 0 305352 370381 0 0 0 0 221119 260627 0 0 0 84592 108166 305711 368793 -359 1588 883796 867375 134718 116709 749078 750666 PROVIDE LEADERSHIP FOR ECONOMIC GROWTH AND PROSPERITY IN THE KNOX COUNTY ILLINOIS REGIONAL AREA. 0 0 WORK WITH PRIVATE AND PUBLIC SECTOR INVESTORS WHO COLLABORATE TO ENHANCE THE COMMUNITY'S ECONOMIC PROSPERITY BY MARKETING OUR REGION AND HELPING EMPLOYERS RETAIN AND CREATE QUALITY JOBS. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 4 0 1 2 1 0 0 0 0 1 1 0 0 0 0 0 X 14 14 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 IL X KEN SPRINGER 3093431194 200 E MAIN ST STE 200 GALESBURG IL 61401 ADAM VITALE BOARD CHAIR 1.00 0.25 X X 0 0 0 JOSH GIBB BOARD VICE CHAIR 1.00 0.25 X X 0 0 0 C ANDREW MCGADNEY BOARD TREASURER 1.00 0.25 X X 0 0 0 JOHN PRITCHARD BOARD MEMBER 1.00 0.25 X 0 0 0 BECKY KING BOARD MEMBER 1.00 0.25 X 0 0 0 SARA YEMM-WITHERELL BOARD MEMBER 1.00 0.25 X 0 0 0 SEAMUS REILLY BOARD MEMBER 1.00 0.25 X 0 0 0 DOUG HANKES BOARD MEMBER 1.00 0.25 X 0 0 0 DOUG SANDERS BOARD MEMBER 1.00 0.25 X 0 0 0 MARSHALL SCHRADER BOARD MEMBER 1.00 0.25 X 0 0 0 JOHN ASPLUND BOARD MEMBER 1.00 0.25 X 0 0 0 ERIC HANSON BOARD MEMBER 1.00 0.25 X 0 0 0 PETER SCHWARTZMAN BOARD MEMBER 1.00 0.25 X 0 0 0 JARED HAWKINSON BOARD MEMBER 1.00 0.25 X 0 0 0 KEN SPRINGER PRESIDENT 40.00 1.00 X 129780 0 11835 129780 0 11835 1 0 0 0 0 148750 148750 ECONOMIC DEVELOPMENT 900099 202299 202299 202299 19332 19332 370381 202299 0 19332 X 141615 78900 25648 14464 10256 15186 2977 33486 1751 9398 10323 4332 CONTRACTED SERVICES 12931 BAD DEBT 2500 DUES AND SUBSCRIPTIONS 1833 REPAIRS AND MAINTENANCE 1658 1535 368793 52456 79058 617363 607423 5900 14500 3696 4515 84129 77181 11110 6948 24648 18486 160023 145045 883796 867375 12840 7712 121878 108997 134718 116709 X 749078 750666 749078 750666 883796 867375 1588 0 X 1 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6290 4646 1644 77839 72535 5304 6948 OPERATING LEASE ASSET 108997 SPLIT DOLLAR LIFE INSURANCE 35777 ACCRUED INTEREST 271 145045 OPERATING LEASE LIABILITY 108997 108997 FORM 990, PART VI, SECTION A, LINE 4 IN OCTOBER 2024, THE ORGANIZATION'S BYLAWS WERE AMENDED TO ALLOW THE BOARD OF DIRECTORS TO APPOINT UP TO FIVE AT-LARGE DIRECTORS. FOLLOWING THIS AMENDMENT, FOUR OF THE FIVE AT-LARGE SEATS WERE FILLED DURING THE BOARD MEETING HELD IN NOVEMBER 2024. FORM 990, PART VI, SECTION A, LINE 7A ANYONE THAT CONTRIBUTES FUNDING TO THE KNOX COUNTY AREA PARTNERSHIP FOR ECONOMIC DEVELOPMENT IS CONSIDERED AN "INVESTOR" IN THE ORGANIZATION. 7 OF OUR 15 BOARD SEATS ARE ELECTED VIA SECRET BALLOT BY OUR INVESTORS AT OUR ANNUAL MEETING. ALL INVESTORS HAVE THE SAME VOTING RIGHTS, REGARDLESS OF HOW LARGE THEIR INVESTMENT IS IN THE ORGANIZATION. THE BOARD OF DIRECTORS MAY APPOINT UP TO FIVE AT-LARGE BOARD SEATS, WHICH WE REFER TO AS "AT-LARGE" DIRECTORS. THIS WAS A BYLAWS CHANGE THAT WAS APPROVED IN OCTOBER OF 2024 AND FOUR OF THOSE FIVE SEATS WERE APPOINTED AT THE NOVEMBER 2024 BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY OUR ACCOUNTANT AND THEN SHARED WITH OUR BOARD. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST NOTIFY US IF THEY HAVE A COI WITH ANY BOARD BUSINESS AND THEN RECUSE THEMSELVES OR ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION AND PERFORMANCE IS REVIEWED BY THE BOARD. ALL OTHER STAFF'S PERFORMANCE IS REVIEWED BY THE PRESIDENT. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE MADE AVIALABLE UPON REQUEST. FORM 990, PART IX, LINE 24E MISCELLANEOUS 928. BANK FEES 607. KNOX COUNTY DEVELOPMENT CORPORATION 200 E MAIN ST STE 200 GALESBURG IL 61401 371046950 LAND BANK FOR DEVELOPMENT SITES IL 501(C)6 KNOX COUNTY DEVELOPMENT CORPORATION 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 KNOX COUNTY DEVELOPMENT CORPORATION J 1 LEASE AGREEMENT