Overview
What is Illinois Tax Increment Association?
Illinois Tax Increment Association (ITIA) is a nonprofit organization situated in Springfield, Illinois, specifically at 133 S 4th Street Suite 204. Its primary mission is to enhance and expand the utilization of tax increment financing and various state and federal tax incentives. By doing so, ITIA fosters sustainable economic growth within Illinois. To achieve this objective, the association offers numerous opportunities for professional interaction, education, and information exchange for its members. These opportunities include conferences, workshops, quarterly newsletters, legislative alerts, and an informative website, along with various publications, seminars, and events tailored to the membership's interests.
Official website here: www.illinois-tif.com
Is Illinois Tax Increment Association legitimate?
Illinois Tax Increment Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Illinois Tax Increment Association 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: $0
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Other Salaries and Wages: $113,569
For more financial information, click here
Official website here: www.illinois-tif.com
What is the mission statement of Illinois Tax Increment Association?
The Illinois Tax Increment Association's mission is centered around enhancing and expanding the utilization of tax increment financing and various state and federal tax incentives. Their primary goal is to foster sound economic growth within Illinois. To achieve this, they offer numerous opportunities for professional dialogue, education, and information exchange to their members. This is accomplished through conferences, quarterly newsletters, legislative alerts, an informative website, as well as workshops, seminars, and events of interest to the membership.
Official website here: www.illinois-tif.com
Who is the CEO of Illinois Tax Increment Association?
Michael Armstrong is the President of Illinois Tax Increment Association.
Official website here: www.illinois-tif.com
What is the revenue of Illinois Tax Increment Association?
Illinois Tax Increment Association's revenue in 2023 was $243,670.
Official website here: www.illinois-tif.com
Who are the executives of Illinois Tax Increment Association and what are their salaries?
The average compensation at Illinois Tax Increment Association during 2023 was $113,569. There is 1 employee at Illinois Tax Increment Association.
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Official website here: www.illinois-tif.com
Where can I find the form 990 for Illinois Tax Increment Association?
Illinois Tax Increment Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.illinois-tif.com
Learn more at the official website: www.illinois-tif.com
Mission Statement of Illinois Tax Increment Association
The Illinois Tax Increment Association, abbreviated as ITIA, is committed to enhancing and broadening the application of Tax Increment Financing and various other state and federal tax incentives. Their primary objective is to stimulate sound economic growth within Illinois. To achieve this, ITIA offers its members numerous platforms for professional interaction, education, and information exchange. These platforms include conferences, quarterly newsletters, legislative alerts, and an informative website, as well as numerous publications, workshops, seminars, and events tailored to the membership's interests. By providing these opportunities, ITIA aims to foster a vibrant and informed community of professionals in the field of tax incentives and economic development.
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Impact
October, 2024
The Illinois Tax Increment Association (ITIA) significantly impacts the economic landscape of Illinois by enhancing the application of tax increment financing (TIF) and various state and federal tax incentives. By fostering professional dialogue and education among its members, ITIA equips local governments, developers, and stakeholders with the knowledge and tools necessary to effectively utilize TIF as a mechanism for community improvement and economic development.
Through its conferences, workshops, newsletters, and informative resources, ITIA promotes the exchange of best practices and innovative strategies. This educational framework not only enriches the expertise of its members but also encourages collaboration across different sectors, ultimately contributing to sound economic growth throughout the state.
The association’s focus on legislative alerts and advocacy ensures that its members remain informed about relevant policy changes and opportunities, further enhancing their ability to implement successful initiatives that can revitalize communities. In summary, ITIA plays a crucial role in driving economic development through strategic use of financial incentives, ensuring that local governments and stakeholders are well-equipped to foster sustainable growth in Illinois.
This information is meant to be a general summary of Illinois Tax Increment Association. 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 2023.
- Investment Income: $152
- Program Service Revenue: $243,515
- Gross Receipts: $243,670
Assets and Liabilities:
- Total Assets: $15,598
- Total Liabilities: $10,582
- Net Assets: $5,016
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$168,300
CONFERENCE FEES
Revenue
$45,715
SPONSORSHIPS
Revenue
$29,500
Organization Details
Founding Year
1987
Phone
(217) 523-4905Principal Officer
Michael Armstrong
Main Address
133 S 4TH STREET SUITE 204, SPRINGFIELD, IL, 62701
Website
www.illinois-tif.comNTEE Category
Code: S40 - Community improvement
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