Illnois Fiber Resources Group Nfp
- Assets
- $36.4m
- Revenue
- $3.3m
- Investments
- -$1.1m
- Employees
- 0
- Location
- Sycamore, IL
- Founding
- 05/2013
- Data as of
- 12/2021
- EIN
- 27-4791791
Organization Overview
Illnois Fiber Resources Group Nfp is located in Sycamore, IL. The organization was established in 2013. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illnois Fiber Resources Group Nfp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Illnois Fiber Resources Group Nfp generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILD AND MAINTAIN INFRASTRUCTURE FOR HIGH-SPEED INTERNET ACCESS TO CERTAIN AREAS IN THE STATE OF ILLINOIS, AND FOR CERTAIN GOVERNMENTAL AND NOT-FOR-PROFIT ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD, SUPPORT AND MAINTAIN INFRASTRUCTURE FOR A 900-MILE FIBER OPTIC AND WIRELESS NETWORK IN A 9-COUNTY AREA IN NORTHWEST ILLINOIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Newton Director/treasurer | Trustee | 0.5 | $0 |
John Haag Director | Trustee | 0.5 | $0 |
Eric Haan Director/chair | OfficerTrustee | 0.5 | $0 |
Kevin Lindeman Director/vice Chair | OfficerTrustee | 0.5 | $0 |
Todd Cagnoni Director | Trustee | 0.5 | $0 |
Todd Hughes Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Illinois University Management Services | 12/30/22 | $301,203 |
Pro Com Systems Installation | 12/30/22 | $473,028 |
Ex2 Technology Llc Maintenance | 12/30/22 | $466,662 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,844,274 |
| Investment income | $600,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$97,793 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,347,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $357,373 |
| Fees for services: Legal | $14,518 |
| Fees for services: Accounting | $85,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $201,350 |
| Advertising and promotion | $3,288 |
| Office expenses | $1,325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $392 |
| Interest | $11,918 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,208,492 |
| Insurance | $78,727 |
| All other expenses | $7,312 |
| Total functional expenses | $5,842,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,554 |
| Savings and temporary cash investments | $393,735 |
| Pledges and grants receivable | $2,630,365 |
| Accounts receivable, net | $399,312 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $196,847 |
| Prepaid expenses and deferred charges | $955,738 |
| Net Land, buildings, and equipment | $32,631,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | -$1,136,470 |
| Investments—program-related | $0 |
| Intangible assets | $20,739 |
| Other assets | $258,238 |
| Total assets | $36,396,135 |
| Accounts payable and accrued expenses | $472,298 |
| Grants payable | $0 |
| Deferred revenue | $633,045 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $638,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,743,943 |
| Net assets without donor restrictions | $32,056,682 |
| Net assets with donor restrictions | $2,595,510 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,396,135 |