ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION

EIN 37-6059503 · Human Services (P280)

What they do

ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION is ORGANIZED AS A CHARITABLE and EDUCATIONAL ORGANIZATION THAT EXISTS to SERVE THE COMMUNITY, THROUGH PROGRAMS to ASSIST LOW-INCOME, DISABLED, ELDERLY, and INDIVIDUALS and FAMILIES IN NEED. IVEDC ACTS to RECEIVE, PLAN, COORDINATE, and ADMINISTER FEDERAL, STATE, LOCAL and PRIVATE RESOURCES TOWARDS EDUCATION, EMPLOYMENT and TRAINING, HOUSING, ENERGY, FOOD and NUTRITION, DEVELOPMENTAL TRAINING, TRANSPORTATION, RESOURCE COORDINATION, and OTHER SUCH RELATED NEEDS. IVEDC SHALL BE A CATALYST and ADVOCATE for THE INTEREST of ITS CLIENTS IN ORDER to IMPROVE LIVES and ENRICH COMMUNITIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

78.43%of revenue went to mission work88.8% of expenses · Program services

$88.36spent for every $100 of revenueRevenue covered expenses this year.

9.93%of revenue went to management and office costs11.2% of expenses

$1.10in assets for every $1 spent this yearSome assets cannot be spent right away.

78.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $111,477 for STEPHANIE STAHLHUT (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$13,490,878

Mission workProgram services$10,580,94878.43% of revenue88.8% of expenses

ManagementOffice and general costs$1,339,2519.93% of revenue11.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,570,67911.64% of revenueShown in gray on the chart

Total expenses$11,920,19988.36% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 88.8% mission · 11.2% management · 0.0% fundraisingTotal expenses: 88.36% of revenue

2023Expense mix: 90.3% mission · 9.7% management · 0.0% fundraisingTotal expenses: 95.40% of revenue

2022Expense mix: 90.6% mission · 9.4% management · 0.0% fundraisingTotal expenses: 95.60% of revenue

2021Expense mix: 91.3% mission · 8.7% management · 0.0% fundraisingTotal expenses: 98.41% of revenue

2020Expense mix: 90.3% mission · 9.7% management · 0.0% fundraisingTotal expenses: 92.33% of revenue

2019Expense mix: 89.9% mission · 10.1% management · 0.0% fundraisingTotal expenses: 97.49% of revenue

2018Expense mix: 90.7% mission · 9.3% management · 0.0% fundraisingTotal expenses: 97.74% of revenue

2017Expense mix: 89.1% mission · 10.9% management · 0.0% fundraisingTotal expenses: 97.80% of revenue

Money in and money out

Revenue$13,490,878

Expenses$11,920,199

Annual surplus $1,570,679 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$10,580,948 · 88.8% of expenses

Management and office costs$1,339,251 · 11.2% of expenses

See all reported dollar amounts

Revenue$13,490,878

Expenses$11,920,199

Assets$13,108,858

Income$13,511,332

Contributions$10,612,182

Mission work (program services)$10,580,948

Management and general$1,339,251

Executive compensation (total)$156,231

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

STEPHANIE STAHLHUTEXECUTIVE DIRECTOR · 40 hrs/week $111,477Base $96,196 · Other $15,281

LYNN PETRELLICFO · 40 hrs/week $109,680Base $92,970 · Other $16,710

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

STEPHANIE STAHLHUTEXECUTIVE DIRECTOR

LYNN PETRELLICFO

KATHY ROGERSDIRECTOR

SHAWNA POESECRETARY

SARAH WORKMANDIRECTOR

SANDY TEICHMANNDIRECTOR

RICHARD LOTTDIRECTOR

LYNN ROBINSONDIRECTOR

LISA SMITHDIRECTOR

LINDA DAVIDSONBOARD CHAIR

LARRY SCHMIDTDIRECTOR

KATIE ABBEYDIRECTOR

AMBER NASHDIRECTOR

JOYCE CLARKTREASURER

JESSICA BAZEDIRECTOR

JACOB COPPLEDIRECTOR

GARY KRUEGERDIRECTOR

DANA YOWELLDIRECTOR

CINDY COFFMANDIRECTOR

CAROL SCHAFFNERDIRECTOR

BETH TRIPLETTDIRECTOR

BECKY SHIPLEYVICE BOARD CHAIR

ANGELA ALLENDIRECTOR

About this charity

Recognized since: January 1966
Location: 223 SOUTH MACOUPIN, GILLESPIE, IL 62033
County: Macoupin
In care of: STEPHANIE STAHLHUT
Primary officer: STEPHANIE STAHLHUT, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website EmailIVEDC@ilvalley-edc.org Phone(217) 839-4431

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: SIKICH LLC
NTEE classification: Human Services (P280)
IRS tax category: Other Individual and Family Services