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EIN 37-0238000

Vermilion Advantage Corporation

IRS 501(c) type
501(c)(6)
Num. employees
7
City
Danville
State
Illinois
Year formed
2002
Most recent tax filings
2022-12-01
NTEE code, primary
S41: Promotion of Business
Description
Vermilion Advantage Corporation recruits and promotes the establishment and development of new commerce and industry as well as advancing the general welfare and prosperity of Vermilion County, Illinois. Its programs include economic development.
Also known as...
Vermilion Advantage NFP
Total revenues
$755,094
2022
Total expenses
$620,843
2022
Total assets
$545,018
2022
Num. employees
7
2022

Program areas at Vermilion Advantage Corporation

Economic development

Who funds Vermilion Advantage Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Danville Foundation for Industrial GrowthOperating Funds/cluster Programs$12,000
The Carle Foundation HospitalProgram Support$8,250

Personnel at Vermilion Advantage Corporation

NameTitleCompensation
Tim DudleyPresident and Chief Executive Officer
Timothy DudleyExecutive Director$102,000
Jo DoggettData and Finance Director Envelope - Open - Text
Jodie IngramOffice Manager
Tinishia SpainEx President and Chief Executive Officer$2,246
...and 11 more key personnel

Financials for Vermilion Advantage Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$554,474
Program services$200,816
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-196
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$755,094

Form 990s for Vermilion Advantage Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-06-15990View PDF
2021-122022-06-03990View PDF
2020-122021-06-30990View PDF
2019-122020-08-28990View PDF
2018-122019-12-26990View PDF
...and 9 more Form 990s
Data update history
July 25, 2023
Updated personnel
Identified 8 new personnel
June 26, 2023
Updated personnel
Identified 12 new personnel
May 22, 2023
Received grants
Identified 1 new grant, including a grant for $6,000 from The Carle Foundation Hospital
September 9, 2022
Updated personnel
Identified 4 new personnel
July 26, 2022
Received grants
Identified 1 new grant, including a grant for $12,000 from Danville Foundation for Industrial Growth
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Economic developmentBusiness and industry
Characteristics
MembershipsState / local levelReceives government funding
General information
Address
15 N Walnut St
Danville, IL 61832
Metro area
Danville, IL
County
Vermilion County, IL
Website URL
vermilionadvantage.com/ 
Phone
(217) 442-6201
IRS details
EIN
37-0238000
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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