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EIN 36-3055858

Rockford Area Economic Development Council (RAEDC)

IRS 501(c) type
501(c)(6)
Num. employees
10
City
Rockford
State
Illinois
Year formed
1980
Most recent tax filings
2022-12-01
NTEE code, primary
S40: Business and Industry
Description
The mission of RAEDC is to enhance wealth creation in the Rockford Region by marketing the area and helping employers retain and create quality jobs.
Total revenues
$588,661
2022
Total expenses
$1,180,644
2022
Total assets
$393,923
2022
Num. employees
10
2022

Program areas at RAEDC

Business attraction: attracting businesses to locate or relocate to the Rockford Area.
Business climate services: work with current and potential raedc investors regarding Economic Development issues.
Business expansion & retention: assisting existing Area businesses to retain or expand.

Who funds Rockford Area Economic Development Council (RAEDC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Rockford Chamber of CommerceRock FWD Initiative$10,000

Personnel at RAEDC

NameTitleCompensation
Don DanielsPresident and Chief Executive Officer / Interim President$103,465
Einar ForsmanGRGP Chief Executive Officer / V / V / Voting / Voting , Director$0
Therese ThillPresident and Chief Executive Officer$149,833
Stephanie JonesVice President of Sales$113,760
Jerry SagonaVice President of Business Development$113,443
...and 9 more key personnel

Financials for RAEDC

RevenuesFYE 12/2022
Total grants, contributions, etc.$538,084
Program services$45,500
Investment income and dividends$581
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$4,496
Total revenues$588,661

Form 990s for RAEDC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-07990View PDF
2020-122021-10-21990View PDF
2019-122021-01-30990View PDF
2018-122021-04-02990View PDF
...and 9 more Form 990s
Data update history
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 10 new personnel
December 27, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Economic developmentBusiness and industry
Characteristics
MembershipsState / local levelReceives government funding
General information
Address
308 W State St Suite 350
Rockford, IL 61101
Metro area
Rockford, IL
County
Winnebago County, IL
Website URL
rockfordil.com/ 
Phone
(815) 987-8118
Facebook page
RockfordAreaEconomicDevelopmentCouncil 
IRS details
EIN
36-3055858
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1980
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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