Nonprofit · EIN 81-5407976
ILLINOIS UTILITIES BUSINESS DIVERSITY COUNCIL INC
Also known as IUBDC
Tax-exempt · FLOSSMOOR, IL 60422
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $243,000 | $206,550 | $36,450 | $342,348 | $0 | $342,348 |
| December 31, 2024 | 990 | $273,000 | $176,301 | $96,699 | $300,232 | $0 | $300,232 |
| December 31, 2023 | 990-EZ | $172,000 | $180,840 | -$8,840 | $203,533 | – | $203,533 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $243,000
- Membership dues
- $243,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $69,024
- Salaries, compensation and benefits (total)
- $69,024
- Professional fundraising fees
- $0
- Accounting fees
- $18,865
- Travel
- $610
Balance sheet and other
- Total assets, start of year
- $300,232
- Total assets, end of year
- $342,348
- Total liabilities, end of year
- $0
- Net assets, end of year
- $342,348
- Net assets without donor restrictions
- $342,348
- Gross receipts
- $243,000
- Employees
- 0
- Year formed
- 2017
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nancy Conner | Executive Dir. Trustee or director | 2 | $69,024 |
| Wendell Dallas | Director Trustee or director | 2 | $0 |
| Rebecca Losli | Chairman Trustee or director | 2 | $0 |
| Gil Quiniones | Director Trustee or director | 2 | $0 |
| Leonard Singh | Director Trustee or director | 2 | $0 |
| Maria Bocanegra | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wendell Dallas | Director Trustee or director | 2 | $0 |
| Rebecca Losli | Chairman Trustee or director | 2 | $0 |
| Gil Quiniones | Director Trustee or director | 2 | $0 |
| Leonard Singh | Director Trustee or director | 2 | $0 |
| William Mastoris | Director Trustee or director | 0 | $0 |
| Nancy Conner | Executive Dir. Trustee or director | 2 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Torrence Hinton | Director | 2 | $0 |
| Wendell Dallas | Director | 2 | $0 |
| Rebecca Losli | Chairman | 2 | $0 |
| Gil Quiniones | Director | 2 | $0 |
| Leonard Singh | Director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1235 BERRY LN, FLOSSMOOR, IL 60422-1409
- In care of
- % JAMES R MONK
- Signed the 990
- Nancy Conner, Executive Director
- Website
- https://iubdc.com/
- Return prepared by
- Sierra Forensic Group
Mission
To advance the effectiveness of business diversity initiatives among our respective utility companies, and to encourage diverse businesses to forge effective working relationships with utilities to help develop a strong economy and a productive environment for growth and access to diverse businesses. The Council will provide education, information, and technical assistance, as an active resource for utility stakeholders on issues of business diversity.
Program accomplishments
- Hosted 2 networking receptions for Utility SuppliersExpenses $45,196
- In 2025 we published an Economic Impact StudyExpenses $29,411
- Supplier Registration & Mapping tool for utilities and primesExpenses $9,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-5407976
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S46)
- Assets (IRS master file)
- $342,348
- Income (IRS master file)
- $243,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $243,000 | $206,550 | $342,348 | IRS |
| 990 | December 2024 | $273,000 | $176,301 | $300,232 | IRS |
| 990-EZ | December 2023 | $172,000 | $180,840 | $203,533 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-5407976).
Questions about ILLINOIS UTILITIES BUSINESS DIVERSITY COUNCIL INC
- What is the EIN of ILLINOIS UTILITIES BUSINESS DIVERSITY COUNCIL INC?
- The employer identification number (EIN) of ILLINOIS UTILITIES BUSINESS DIVERSITY COUNCIL INC is 81-5407976.
- Is ILLINOIS UTILITIES BUSINESS DIVERSITY COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2018.
- Are donations to ILLINOIS UTILITIES BUSINESS DIVERSITY COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ILLINOIS UTILITIES BUSINESS DIVERSITY COUNCIL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ILLINOIS UTILITIES BUSINESS DIVERSITY COUNCIL INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ILLINOIS UTILITIES BUSINESS DIVERSITY COUNCIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of ILLINOIS UTILITIES BUSINESS DIVERSITY COUNCIL INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $69,024 (Nancy Conner, Executive Dir.).
- How much revenue does ILLINOIS UTILITIES BUSINESS DIVERSITY COUNCIL INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $243,000, expenses of $206,550 and total assets of $342,348 at year end.
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