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Nonprofit · EIN 84-3635858

LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT INC

Tax-exempt · LINCOLN, IL 62656

Financials

$95K$139K2023$154K$151K2024$297K$192K2025
Revenue Expenses · by fiscal year end
Financials of LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$296,657$192,251$104,406$362,634$243$362,391
December 31, 2024990-EZ$154,453$151,127$3,326$275,838$24,164$251,674
December 31, 2023990$94,896$139,057-$44,161$548,854$300,506$248,348
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$287,611
Program service revenue
$0
Investment income
$9,046
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$104,635
Salaries, compensation and benefits (total)
$116,687
Professional fundraising fees
$0
Occupancy
$15,000
Program services (functional)
$155,742
Management and general (functional)
$18,257
Fundraising (functional)
$18,252

Balance sheet and other

Total assets, start of year
$275,838
Total assets, end of year
$362,634
Total liabilities, end of year
$243
Net assets, end of year
$362,391
Net assets without donor restrictions
$362,391
Gross receipts
$296,657
Employees
0
Year formed
2019
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.

NameTitleHours / weekCompensation
ANDREA RUNGEPAST CEO
Trustee or director
40$105,203
CALE WESTDirector
Trustee or director
1$0
CHRIS GRAUEDirector
Trustee or director
1$0
BECKY STRAITDirector
Trustee or director
1$0
PATRICK DOOLINVice President
Trustee or director, Officer
1$0
DOLAN DALPOASPresident
Trustee or director, Officer
1$0
ERIC BURWELLTreasurer
Trustee or director, Officer
1$0
LYNN PAULUSSecretary
Trustee or director, Officer
1$0
COLLEEEN ROATEDirector
Trustee or director
1$0
MOLLY PICKERINGDirector
Trustee or director
1$0
URIAH KILGALLINCEO
Trustee or director
40$0
JENNIFER KIRBYDirector
Trustee or director
0$0
SAL POLLICEDirector
Trustee or director
0$0
VERONICA OHLERDirector
Trustee or director
0$0
RACHEL MARTENDirector
Trustee or director
0$0
1 more people on this return
NameTitleHours / weekCompensation
SETH GOODMANDirector
Trustee or director
0$0
990-EZ for the year ended December 31, 2024: 15 people
NameTitleHours / weekCompensation
ANDREA RUNGECEO40$102,325
CALE WESTDirector1$0
CHRIS GRAUEDirector1$0
BECKY STRAITDirector1$0
PATRICK DOOLINVice President1$0
DOLAN DALPOASPresident1$0
ERIC BURWELLTreasurer1$0
LYNN PAULUSSecretary1$0
COLLEEEN ROATEDirector1$0
MOLLY PICKERINGDirector1$0
JENNIFER KIRBYDirector0$0
SAL POLLICEDirector0$0
VERONICA OHLERDirector0$0
RACHEL MARTENDirector0$0
SETH GOODMANDirector0$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensation
ANDREA RUNGECEO
Trustee or director
40$99,879
CALE WESTDirector
Trustee or director
1$0
CHRIS GRAUEDirector
Trustee or director
1$0
BECKY STRAITDirector
Trustee or director
1$0
PATRICK DOOLINVice President
Trustee or director, Officer
1$0
DOLAN DALPOASPresident
Trustee or director, Officer
1$0
ERIC BURWELLTreasurer
Trustee or director, Officer
1$0
LYNN PAULUSSecretary
Trustee or director, Officer
1$0
COLLEEEN ROATEDirector
Trustee or director
1$0
MOLLY PICKERINGDirector
Trustee or director
1$0
JENNIFER KIRBYDirector
Trustee or director
0$0
MARTIN LEONDirector
Trustee or director
0$0
VERONICA OHLERDirector
Trustee or director
0$0
RACHEL MARTENDirector
Trustee or director
0$0
SETH GOODMANDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
PO BOX 235, LINCOLN, IL 62656-0235
In care of
% WILLIAM B BATES JR
Signed the 990
URIAH KILGALLIN, CEO
Phone
(217) 871-1439
Return prepared by
JM ABBOTT & ASSOCIATES LTD

Mission

TO PROMOTE, FOSTER AND STRENGTHEN THE ECONOMIC HEALTH AND PROSPERITY OF THE GREATER LINCOLN COMMUNITIES AND ITS CITIZENS BY PARTNERING WITH CURRENT EMPLOYERS TO RETAIN AND GROW EMPLOYMENT AND BY PROMOTING OPPORTUNITIES FOR NEW EMPLOYMENT AND ENTREPRENEURSHIP.

990 for the year ended December 31, 2025

Program accomplishments

  • THE RELIEF OF THE POOR AND DISTRESSED OR UNDERPRIVILEGED; AND, LESSENING THE BURDENS OF GOVERNMENT;AND, THE PROMOTION OF SOCIAL WELFARE AND COMBATTING COMMUNITY DETERIORATION IN LINCOLN, ILLINOIS AND LOGAN COUNTY, ILLINOIS BY ECONOMIC DEVELOPMENT PROGRAMS GEARED TOWARD MAINTAINING AND ATTRACTING EMPLOYMENT OPPORTUNITIES.
    Expenses $155,742

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
84-3635858
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$362,634
Income (IRS master file)
$296,657

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$296,657$192,251$362,634XML
990-EZDecember 2024$154,453$151,127$275,838XML
990December 2023$94,896$139,057$548,854XML
990December 2022$228,006$135,916$532,461IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––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 84-3635858).

Questions about LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT INC

What is the EIN of LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT INC?
The employer identification number (EIN) of LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT INC is 84-3635858.
Is LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT 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 LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT 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 LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT 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 LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT INC?
The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $105,203 (ANDREA RUNGE, PAST CEO).
How much revenue does LINCOLN ECONOMIC ADVANCEMENT & DEVELOPMENT INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $296,657, expenses of $192,251 and total assets of $362,634 at year end.

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