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Vermilion Advantage Corporation

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

EIN: 370238000 ✦ Danville, IL ✦ Designated as a 501(c)(6)

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Overview

What is Vermilion Advantage Corporation?

Vermilion Advantage Corporation is a nonprofit organization situated in Vermilion County, Illinois. Its primary mission is to stimulate the growth and development of new commerce and industries, contributing to the overall well-being and prosperity of the area. The organization's activities revolve around economic development, aiming to attract and support businesses, ultimately benefiting the local community.


Official website here: www.vermilionadvantage.com

Is Vermilion Advantage Corporation legitimate?

Vermilion Advantage Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Vermilion Advantage 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $102,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,671

For more financial information, click here


Official website here: www.vermilionadvantage.com

What is the mission statement of Vermilion Advantage Corporation?

The Vermilion Advantage Corporation's mission is centered around recruiting and promoting the establishment and development of new commerce and industries. Its primary goal is to enhance the general welfare and prosperity of the community, specifically in Vermilion County, Illinois. The organization's activities primarily focus on economic development, aiming to contribute positively to the local economy and community growth.


Official website here: www.vermilionadvantage.com

Who is the CEO of Vermilion Advantage Corporation?

Tim Dudley is the Past Chair of Vermilion Advantage Corporation.


Official website here: www.vermilionadvantage.com

What is the revenue of Vermilion Advantage Corporation?

Vermilion Advantage Corporation's revenue in 2022 was $755,094.


Official website here: www.vermilionadvantage.com

Who are the executives of Vermilion Advantage Corporation and what are their salaries?

The average compensation at Vermilion Advantage Corporation during 2022 was $42,524. There are 7 employees at Vermilion Advantage Corporation.


Here are 60 key members and their salaries:


Dr Stephen Nacco (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Darby-Dowers (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deanna Witzel (1St Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Fauver (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gardner Peck (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Hulvey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Alicia Geddis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Tucker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Crowder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Laughner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Smiley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Keim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Tucker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Compton (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Ahrens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rickey Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Chesnut (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Dawson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Dale Deneal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Donahoe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darren Duncan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Elkin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jr Fregia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Golden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Grandone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Griebat (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tara Hafner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oj Harrison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Hashimoto (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Janesky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Kuchefski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Decker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Lutes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mervis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seth Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Mollica (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Moss (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Muehl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brock Burton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Owen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Picillo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Hantz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Steltzer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dori Stone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Auston Surprenant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alyssa Sweeten (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jackie Vinson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Vogt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Weese (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Baughn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Zimmerman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tj Morris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angie Hatfield-Marker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Pintar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Surprenant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Nicholls (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Dudley (Executive Director)
  • Compensation: $102,000
  • Related: $0
  • Other: $29,953
Jon Stalcup (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Marron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vermilionadvantage.com

Where can I find the form 990 for Vermilion Advantage Corporation?

Vermilion Advantage Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vermilionadvantage.com

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

Mission Statement of Vermilion Advantage Corporation

Vermilion Advantage Corporation is committed to its mission of promoting the establishment and development of new businesses and industries, with the ultimate goal of enhancing the overall welfare and prosperity of Vermilion County, Illinois. This nonprofit organization actively recruits potential businesses, aiming to expand the commercial and industrial landscape within the region. By successfully fulfilling this mission, Vermilion Advantage Corporation contributes to the economic growth and well-being of the community it serves.

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Impact



October, 2024

Vermilion Advantage Corporation plays a critical role in fostering economic growth and development in Vermilion County, Illinois. By actively recruiting and promoting the establishment of new commerce and industry, the organization drives local job creation and enhances the overall economic landscape. Its efforts are aimed at not only attracting businesses but also ensuring that these enterprises thrive, which contributes to the community's prosperity.

Through various economic development programs, Vermilion Advantage Corporation facilitates a more favorable environment for business ventures. This support helps to uplift the local economy, benefiting residents by providing employment opportunities and improving the standard of living. The advancements made by the organization ultimately contribute to the general welfare of the community, creating a vibrant atmosphere for both existing and new businesses in the area.



This information is meant to be a general summary of Vermilion Advantage 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.

Revenue
$755,094 (2022)
Expenses
$620,843 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$196
  • Program Service Revenue: $200,816
  • Gross Receipts: $755,290

Assets and Liabilities:

  • Total Assets: $545,018
  • Total Liabilities: $91,192
  • Net Assets: $453,826

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Programs

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

MARKETING INCOME

Revenue

$82,653

MISCELLANEOUS

Revenue

$62,932

SPECIAL EVENTS

Revenue

$29,132

LEADERSHIP TOMORROW

Revenue

$24,944

COUNCIL

Revenue

$1,155

Organization Details

Founding Year

2002

Phone

(217) 442-6201

Principal Officer

Tim Dudley

Main Address

15 N WALNUT STREET, DANVILLE, IL, 61832

Website

www.vermilionadvantage.com

NTEE Category

Code: S41 - Community improvement

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