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Central Illinois Angels Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270578150 ✦ Peoria, IL ✦ Designated as a 501(c)(6)

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Overview

What is Central Illinois Angels Inc?

Central Illinois Angels Inc is a nonprofit organization that focuses on providing investment opportunities for accredited investors in Central Illinois. Their primary mission is to support and assist early-stage growth companies in the region by offering valuable information and advice. By connecting these companies with potential investors, Central Illinois Angels Inc aims to foster business growth within the community. Their activities revolve around quality investment opportunities and educational resources for both investors and companies.

Is Central Illinois Angels Inc legitimate?

Central Illinois Angels Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Central Illinois Angels Inc submitted a form 990EZ, 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.

What is the mission statement of Central Illinois Angels Inc?

Central Illinois Angels Inc is established with the mission to offer high-quality early-stage investment prospects to accredited investors from Central Illinois. The corporation also aims to assist, educate, and connect early-stage growth companies in the region with valuable information and advice. By doing so, Central Illinois Angels Inc aims to foster a supportive environment for these companies, helping them grow and succeed in their respective fields.

Who is the CEO of Central Illinois Angels Inc?

James Cote is the President of Central Illinois Angels Inc.

What is the revenue of Central Illinois Angels Inc?

Central Illinois Angels Inc's revenue in 2022 was $36,012.

Who are the executives of Central Illinois Angels Inc and what are their salaries?


Here are 7 key members and their salaries:


Stanley Lynall (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Weaver (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Clark (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Cote (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Schoeplein (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Colgan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Mcdowell (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Central Illinois Angels Inc?

Central Illinois Angels Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Central Illinois Angels Inc

Central Illinois Angels Inc is established with the primary objective of offering high-quality investment opportunities in the early stages to accredited investors residing in Central Illinois. Beyond this, the organization also endeavors to support and guide early-stage growth companies based in the same region. Central Illinois Angels Inc plays an integral role in facilitating the connection between these companies and the necessary information and advice they require to thrive. By doing so, the organization aims to foster a supportive and nurturing environment for these businesses to grow and succeed. In essence, Central Illinois Angels Inc serves as a catalyst for innovation and growth by connecting investors and companies, thereby contributing to the overall economic development of the region.

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Impact




October, 2024

Central Illinois Angels Inc plays a pivotal role in fostering economic growth and innovation in the region. By providing quality early-stage investment opportunities, it bridges the gap between accredited investors and emerging businesses, enabling startups in Central Illinois to secure necessary funding.

Their efforts not only enhance the financial landscape for new ventures but also contribute to community improvement by nurturing local entrepreneurship. Through education and connection initiatives, Central Illinois Angels Inc equips early-stage companies with vital information and advisory support, ultimately helping them to thrive. This collaborative approach strengthens the overall business ecosystem in the area, fostering job creation and promoting sustainable economic development.




This information is meant to be a general summary of Central Illinois Angels Inc. 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.

Revenue
$36,012 (2022)
Expenses
$55,342 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12
  • Program Service Revenue: $15,000
  • Gross Receipts: $36,012

Assets and Liabilities:

  • Total Assets: $127,783
  • Total Liabilities: $3,310
  • Net Assets: $124,473

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Organization Details

Principal Officer

James Cote

Main Address

801 W MAIN STREET A216, PEORIA, IL, 61606

NTEE Category

Code: S40 - Community improvement

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