Revitalize & Develop East Moline Inc

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

EIN: 363815927 ✦ East moline, IL ✦ Designated as a 501(c)(3)

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Overview

What is Revitalize & Develop East Moline Inc?

Revitalize & Develop East Moline Inc is a nonprofit organization located at 1033 7TH STREET 2, East Moline, Illinois 61244. Their mission is to stimulate commercial, industrial, and recreational development, thereby improving both the tax base and the overall quality of life in East Moline. The organization provides financial assistance to businesses and encourages their establishment in identified project areas. They also target businesses that offer training opportunities for unemployed or underemployed individuals and work towards securing unsafe properties in economically depressed areas. Additionally, Revitalize & Develop East Moline Inc offers favorable terms for new or existing businesses to set up shop.

Is Revitalize & Develop East Moline Inc legitimate?

Revitalize & Develop East Moline Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Revitalize & Develop East Moline 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: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Revitalize & Develop East Moline Inc?

Revitalize & Develop Inc, as per its mission statement, aims to foster commercial, industrial, and recreational development. This initiative is designed to enhance both the tax base and the overall quality of life. The organization provides financial assistance to businesses, encouraging them to establish operations in identified project areas. Additionally, the focus is on targeting businesses that offer training opportunities for unemployed or underemployed individuals. Furthermore, the organization works towards securing unsafe properties in economically depressed areas and offers favorable terms for sites to new or existing businesses.

Who is the CEO of Revitalize & Develop East Moline Inc?

Tim Knanishu is the Executive Vice President of Revitalize & Develop East Moline Inc.

What is the revenue of Revitalize & Develop East Moline Inc?

Revitalize & Develop East Moline Inc's revenue in 2022 was $110,030.

Who are the executives of Revitalize & Develop East Moline Inc and what are their salaries?

The average compensation at Revitalize & Develop East Moline Inc during 2022 was $85,000. There is 1 employee at Revitalize & Develop East Moline Inc.


Here are 12 key members and their salaries:


Tim Knanishu (Executive Vice President)
  • Compensation: $85,000
  • Related: $0
  • Other: $0
Larry Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Lack (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Hirsch (Treasurer, Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Herlinda Gutierrez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tadd Griffith (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Morrow (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Murphy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Theis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Stopoulos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kurt Donnelly (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Revitalize & Develop East Moline Inc?

Revitalize & Develop East Moline Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Revitalize & Develop East Moline Inc

Revitalize & Develop East Moline Inc, as a nonprofit organization, is committed to promoting commercial, industrial, and recreational development. Their mission is twofold: firstly, they aim to enhance both the tax base and the quality of life in East Moline. Secondly, they provide financial assistance and encourage businesses to establish themselves in identified project areas. The organization specifically targets businesses that offer training programs for unemployed or underemployed individuals. Furthermore, Revitalize & Develop East Moline Inc seeks to secure unsafe properties in economically depressed areas and offers favorable terms for new or existing businesses to set up shop on these sites. By doing so, they contribute to the revitalization and development of their community.

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Impact




October, 2024

Revitalize & Develop East Moline Inc significantly impacts the local community by fostering commercial, industrial, and recreational development that enhances both the tax base and overall quality of life in East Moline. By actively promoting economic growth, the organization provides financial assistance and encourages businesses to establish themselves in targeted project areas, particularly those that promise to create job training opportunities for unemployed or underemployed individuals.

One of its key initiatives, the Riverfront Project, aims to transform downtown and riverfront properties through mixed-use development, wetlands enhancement, and environmental cleanup, which collectively contribute to revitalizing the area. The organization also plays a crucial role in securing unsafe properties and offering favorable terms for new and existing businesses, thereby addressing economic disparities in underdeveloped regions. Ultimately, its efforts lead to a more vibrant community, improved employment prospects, and a strengthened local economy.




This information is meant to be a general summary of Revitalize & Develop East Moline 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
$110,030 (2022)
Expenses
$178,675 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$59,068
  • Gross Receipts: $172,216

Assets and Liabilities:

  • Total Assets: $1,284,308
  • Total Liabilities: $2,396
  • Net Assets: $1,281,912

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Organization Details

Founding Year

1991

Principal Officer

Tim Knanishu

Main Address

1033 7TH STREET 2, EAST MOLINE, IL, 61244

NTEE Category

Code: S31 - Community improvement

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