Overview
What is Southern Illinois Stimulus Corporation?
The Southern Illinois Stimulus Corporation is a nonprofit organization situated in Mounds, Illinois. Established with a vision to promote industrial growth, the corporation purchased 333 acres of land in 2005, transforming it into a regional industrial park. To further encourage business development, they established a revolving loan fund program, offering financial assistance to new ventures. Additionally, the corporation acquired equipment and leased it at reasonable prices to help businesses lower their operational costs and preserve existing jobs. The organization's mission is to foster the development, establishment, or expansion of industries in the Illinois counties of Alexander, Pulaski, and Johnson.
Is Southern Illinois Stimulus Corporation legitimate?
Southern Illinois Stimulus Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Southern Illinois Stimulus Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Southern Illinois Stimulus Corporation?
The Southern Illinois Stimulus Corporation was established with the mission to foster the growth, establishment, or expansion of industries in various sectors. To accomplish this, the organization took significant steps, such as purchasing 360 acres of land in 2005 to establish a regional industrial park. Furthermore, they initiated a revolving loan fund program to assist start-up businesses, providing them with essential financial support. To help reduce business costs and preserve jobs, they also acquired and leased equipment at affordable prices.
Who is the CEO of Southern Illinois Stimulus Corporation?
Tabatha Smith is the President of Southern Illinois Stimulus Corporation.
What is the revenue of Southern Illinois Stimulus Corporation?
Southern Illinois Stimulus Corporation's revenue in 2022 was $94,864.
Who are the executives of Southern Illinois Stimulus Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Southern Illinois Stimulus Corporation?
Southern Illinois Stimulus Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southern Illinois Stimulus Corporation
The Southern Illinois Stimulus Corporation, as established, is committed to fostering the growth, establishment, or expansion of industries within the Illinois counties of Alexander, Pulaski, and Johnson. This mission-driven organization was formed with the primary goal of promoting industrial development in these regions. In 2005, the corporation took a significant step towards realizing its objective by purchasing 360 acres of land to establish a regional industrial park. Furthermore, the Southern Illinois Stimulus Corporation launched a revolving loan fund program to offer financial assistance to new businesses, aiming to help them get off the ground and preserve existing jobs. Additionally, the organization sought to reduce the operational costs for businesses by procuring and leasing necessary equipment at affordable rates.
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Impact
October, 2024
Southern Illinois Stimulus Corporation plays a vital role in fostering economic growth and industrial development in the Illinois counties of Alexander, Pulaski, and Johnson. The organization has made significant strides since the acquisition of 360 acres in 2005 to create a regional industrial park, which serves as a hub for both new and expanding businesses.
To support start-ups and encourage industrial expansion, the corporation initiated a revolving loan fund program, providing essential financial resources to help businesses launch and grow. Additionally, by purchasing and leasing equipment at low costs, it directly reduces operational expenses for local businesses, enabling them to preserve jobs and improve their competitiveness in the marketplace. Through these efforts, Southern Illinois Stimulus Corporation actively contributes to community improvement and economic resilience in the region.
This information is meant to be a general summary of Southern Illinois Stimulus Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12,959
- Program Service Revenue: $71,399
- Gross Receipts: $94,864
Assets and Liabilities:
- Total Assets: $1,754,826
- Total Liabilities: $110,991
- Net Assets: $1,643,835
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Lease Income
Revenue
$71,399
Organization Details
Founding Year
2003
Phone
(618) 745-6307Principal Officer
Tabatha Smith
Main Address
333 Enterprise Lane, Mounds, IL, 62964
NTEE Category
Code: S40 - Community improvement
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