2025-11-12T13:59:14-06:00 2024-12-31 430352985 KERBER ECK & BRAECKEL LLP 3200 ROBBINS ROAD STE 200A SPRINGFIELD IL 62704 990 2024-01-01 824479816 LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION LAND 2176793500 531 E WASHINGTON STREET SPRINGFIELD IL 62701 SARAH PHALEN TREASURER 2176793500 2025-11-11 1 0 JOSH SHUGART P01420935 2177890960 2025-11-11 2024 2025-03-06 01:10:19Z SPRINGFIELD SANGAMON GROWTH ALLIANCE SARAH PHALEN 531 E WASHINGTON STREET SPRINGFIELD IL 62701 1347242 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. 20 20 4 0 0 0 1320000 1323750 0 0 53723 19329 126514 4163 1500237 1347242 0 0 0 0 586513 651883 0 0 0 1216461 2420866 1802974 3072749 -302737 -1725507 2322508 298447 500192 201639 1822316 96808 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 GREW THE BUSINESS RETENTION AND EXPANSION (BRE) PROGRAM BY CONDUCITNG OVER 100 MEETINGS IN 2024. 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 3 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 1,300 POSITIONS OVER THE PREVIOUS YEAR AND 1,000 OVER PRE-PANDEMIC LEVELS. CONSTRUCTION CONTINUTED ON THE $75 MILLION SCHEELS SPORTS COMPLEX AT LEGACY POINTE. THE $800 MILLION DOUBLE BLACK DIAMOND SOLAR DEVELOPMEN COMPLETED CONSTRUCTION AND BEGAN OPERATING IN DECEMBER 2024. CONSTRUCTION BEGAN ON AN AMAZON DISTRIBUTION FACITLIY, AND PLANS FOR A FRITO LAY DISTRIBUTION FACILITY WERE ANNOUNCED. 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 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 4 1 0 0 0 0 0 0 0 0 X 20 20 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 AARON GURNSEY DIRECTOR 1.00 X 0 0 0 ANDY VAN METER DIRECTOR 1.00 X 0 0 0 BILL BAILEY DIRECTOR 1.00 X 0 0 0 CLINT PAUL DIRECTOR 1.00 X 0 0 0 DAMOND BOATWRIGHT DIRECTOR 1.00 X 0 0 0 DAN DUNGAN DIRECTOR 1.00 X 0 0 0 DOMINIC WATSON DIRECTOR 1.00 X 0 0 0 DR CHARLOTTE WARREN SECRETARY 2.00 X X 0 0 0 ED CURTIS CHAIR 2.00 X X 0 0 0 GEOFF ISRINGHAUSEN EXEC. COMM. MEMBER 1.00 X 0 0 0 HY BUNN DIRECTOR 1.00 X 0 0 0 JANET GOOCH DIRECTOR 1.00 X 0 0 0 JASON KNOEDLER DIRECTOR 1.00 X 0 0 0 JENNIFER GILL DIRECTOR 1.00 X 0 0 0 JOE KULEK DIRECTOR 1.00 X 0 0 0 MARCUS JOHNSON DIRECTOR 1.00 X 0 0 0 MARITA ZURAITIS VICE CHAIR 2.00 X X 0 0 0 MARK HANNA DIRECTOR 1.00 X 0 0 0 MIKE AIELLO IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 MIKE MURPHY DIRECTOR 1.00 X 0 0 0 MIKE O'SHEA DIRECTOR 1.00 X 0 0 0 MISTY BUSCHER DIRECTOR 1.00 X 0 0 0 RAY WILLIAMS DIRECTOR 1.00 X 0 0 0 RYAN LEVI DIRECTOR 1.00 X 0 0 0 SARAH PHALEN TREASURER 2.00 X X 0 0 0 SATCH PECORI NOM. CHAIR 1.00 X 0 0 0 TERI MYERS DIRECTOR 1.00 X 0 0 0 RYAN MCCRADY EXECUTIVE DIRECTOR 40.00 X 213565 0 0 ABBY POWELL DIR. BUSINESS DEVELOPMENT 40.00 X 122927 0 0 SHELLY TULO DIR. MARKETING & COMMUNICATIONS 40.00 X 108129 0 0 444621 0 0 3 0 1 0 0 571250 752500 1323750 19329 19329 MISCELLANEOUS 900099 4163 4163 4163 1347242 4163 0 19329 213565 336396 16131 48188 37603 9267 106940 345337 4180 8863 52778 48675 9508 20310 8102 STRATEGIC INVESTMENT 1689495 DUES AND SUBSCRIPTIONS 70677 PROFESSIONAL DEVELOPMEN 31497 MISCELLANEOUS 7945 7292 3072749 2211040 177575 42500 12500 24079 14635 120754 118681 22384 2073 22505 91664 2322508 298447 477576 109621 22616 92018 500192 201639 X 1779816 28058 42500 68750 1822316 96808 2322508 298447 -1725507 0 X X 0 1 X 1 0 1 0 0 95189 95189 0 25565 23492 2073 2073 RIGHT OF USE ASSET 91664 91664 OPERATING LEASE LIABILITY 92018 92018 X 1347242 0 1347242 0 1347242 3072749 0 3072749 0 3072749 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. X 0 0 0 RYAN MCCRADY EXECUTIVE DIRECTOR 213565 0 0 0 0 0 0 0 0 0 213565 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS 20 VOTING MEMBERS AND 7 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 XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR