Rockford Area Economic Development Council Inc

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

EIN: 363055858 ✦ Rockford, IL ✦ Designated as a 501(c)(6)

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Overview

What is Rockford Area Economic Development Council Inc?

The Rockford Area Economic Development Council Inc, located in Rockford, Illinois, serves as a catalyst for promoting economic growth in the region. With a team of 10 dedicated individuals, their primary mission is to attract businesses to establish or relocate within the Rockford area. By cultivating opportunities for primary job growth, they aim to enhance the region's overall economic prosperity. Their activities encompass various initiatives, ultimately contributing to the community's well-being.


Official website here: www.rockfordil.com

Is Rockford Area Economic Development Council Inc legitimate?

Rockford Area Economic Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Rockford Area Economic Development Council Inc 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $266,770
Professional Fundraising Fees: $0
Other Salaries and Wages: $432,474

For more financial information, click here


Official website here: www.rockfordil.com

What is the mission statement of Rockford Area Economic Development Council Inc?

The Rockford Area Economic Development Council Inc's mission is to foster conditions that encourage primary job growth. This objective is aimed at enhancing the economic prosperity of the region. Their primary activity involves attracting businesses to either establish or relocate within the Rockford area, thereby contributing to job creation and economic growth.


Official website here: www.rockfordil.com

Who is the CEO of Rockford Area Economic Development Council Inc?

James Rozinsky is the Director of Rockford Area Economic Development Council Inc.


Official website here: www.rockfordil.com

What is the revenue of Rockford Area Economic Development Council Inc?

Rockford Area Economic Development Council Inc's revenue in 2022 was $588,661.


Official website here: www.rockfordil.com

Who are the executives of Rockford Area Economic Development Council Inc and what are their salaries?

The average compensation at Rockford Area Economic Development Council Inc during 2022 was $69,924. There are 10 employees and 22 volunteers at Rockford Area Economic Development Council Inc.


Here are 23 key members and their salaries:


Wendy Alsteen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Anspaugh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Berg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Conor Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sully Cadenga (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gina Caronna (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Cunningham (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Epperson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Forward (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl Franzen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Gaulrapp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Giovanetti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Golden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Green (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Groh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Gronewold (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caitlin Pusateri (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Richter Ii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Rozinsky (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grant Sjostrom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Therese Thill (President/Ce)
  • Compensation: $149,833
  • Related: $0
  • Other: $12,958
Don Daniels (President/Ce)
  • Compensation: $103,465
  • Related: $0
  • Other: $514


Official website here: www.rockfordil.com

Where can I find the form 990 for Rockford Area Economic Development Council Inc?

Rockford Area Economic Development Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rockfordil.com

Learn more at the official website: www.rockfordil.com

Mission Statement of Rockford Area Economic Development Council Inc

The Rockford Area Economic Development Council, in its mission, works diligently to foster opportunities that encourage primary job growth. This endeavor is aimed at enhancing the economic prosperity of the region. The organization's primary activity lies in attracting businesses, either to establish their presence or relocate within the Rockford area. By doing so, the Rockford Area Economic Development Council aims to contribute to the region's economic growth and well-being.

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Impact




October, 2024

The Rockford Area Economic Development Council Inc significantly impacts the economic landscape of the region by focusing on job growth and business attraction. By actively working to bring new businesses to the Rockford area, it enhances the local economy and provides employment opportunities for residents. This effort not only boosts the region's economic well-being but also fosters a more vibrant community. The council's initiatives support sustained economic development through strategic planning and collaboration, ultimately leading to a stronger, more resilient local economy.




This information is meant to be a general summary of Rockford Area Economic Development Council 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
$588,661 (2022)
Expenses
$1,180,644 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $581
  • Program Service Revenue: $45,500
  • Gross Receipts: $588,661

Assets and Liabilities:

  • Total Assets: $393,923
  • Total Liabilities: $618,554
  • Net Assets: -$224,631

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MIDWEST AEROSPACE CONFERENCE

Revenue

$45,500

Organization Details

Founding Year

1980

Principal Officer

James Rozinsky

Main Address

308 W STATE STREET SUITE 350, ROCKFORD, IL, 61101

NTEE Category

Code: S40 - Community improvement

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