2024-11-14T14:51:17-06:00 2023-12-31 430352985 KERBER ECK & BRAECKEL LLP 3200 ROBBINS ROAD STE 200A SPRINGFIELD IL 62704 990 2023-01-01 824479816 LAND OF LINCOLN ECONOMIC DEVELOPMENT CORPORATION LAND 2176793500 531 E WASHINGTON STREET SPRINGFIELD IL 62701 SARAH PHALEN TREASURER 2176793500 2024-11-04 1 0 JOSH SHUGART P01420935 2177890960 2024-11-04 2023 2024-10-15 13:58:12Z SPRINGFIELD SANGAMON GROWTH ALLIANCE SARAH PHALEN 531 E WASHINGTON STREET SPRINGFIELD IL 62701 1500237 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. 28 28 4 0 0 0 1554335 1320000 0 0 10813 53723 0 126514 1565148 1500237 65000 0 0 0 565896 586513 0 0 0 1111212 1216461 1742108 1802974 -176960 -302737 2327244 2322508 202191 500192 2125053 1822316 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 THAT WAS STARTED IN 2021 BY CONDUCITNG OVER 100 MEETINGS IN 2023. 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 1.7% OVER THE PREVIOUS YEAR AND MORE THAN 2% OVER PRE-PANDEMIC LEVELS. MAJOR INVESTMENTS BEGAN INCLUDING THE GROUNDBREAKING FOR THE $75 MILLION SCHEELS SPORTS COMPLEX AT LEGACY POINTE. THE $800 MILLION DOUBLE BLACK DIAMOND SOLAR DEVELOPMENT CONTIUED CONSTRUCTION WITH COMPLETION EXPECTED IN 2024. NEW PASSENGER AIR SERVICE WAS SECURED WITH BREEZE AIRWAYS STARTING DIRECT FLIGHTS TO TAMPA AND ORLANDO BEGINNING DECEMBER 1ST. 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 0 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 28 28 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 IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 ED CURTIS 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 DIRECTOR 1.00 X 0 0 0 DAN DUNGAN DIRECTOR 1.00 X 0 0 0 MARITA ZURAITIS VICE CHAIR 2.00 X 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 GREGG HUMPHREY DIRECTOR 1.00 X 0 0 0 RYAN LEVI DIRECTOR 1.00 X 0 0 0 BILL BAILEY 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 MISTY BUSCHER DIRECTOR 1.00 X 0 0 0 STEVE SCHOEFFEL DIRECTOR 1.00 X 0 0 0 TERI MYERS DIRECTOR 1.00 X 0 0 0 RYAN MCCRADY EXECUTIVE DIRECTOR 40.00 X 196878 0 0 196878 0 0 1 0 1 0 0 570000 750000 1320000 53723 53723 BROADBAND STUDY REIMBU 900099 124000 124000 MISCELLANEOUS 900099 2514 2514 126514 1500237 126514 0 53723 196878 301036 14910 38655 35034 18451 90149 355094 7420 18436 74328 47628 13919 24151 4835 STRATEGIC INVESTMENT 433508 PROFESSIONAL DEVELOPMEN 81784 DUES AND SUBSCRIPTIONS 35722 TELEPHONE AND INTERNET 7306 3730 1802974 2114064 2211040 86250 42500 24425 24079 120754 98370 46535 22384 55970 22505 2327244 2322508 112612 420007 89579 80185 202191 500192 X 2038803 1779816 86250 42500 2125053 1822316 2327244 2322508 -302737 0 X X 0 1 X 1 0 1 0 0 95189 79324 15865 25565 19046 6519 22384 ACCRUED VACATION 42722 OPERATING LEASE LIABILITY 22616 ACCRUED EXPENSES 14847 80185 X 1500237 0 1500237 0 1500237 1802974 0 1802974 0 1802974 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 196878 0 0 0 0 0 0 0 0 0 196878 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS 28 VOTING MEMBERS AND 11 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