Des Plaines River Valley Enter Prise Zone Inc
- Assets
- $294.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Joliet, IL
- Founding
- 05/1991
- Data as of
- 06/2023
- EIN
- 36-3254863
Organization Overview
Des Plaines River Valley Enter Prise Zone Inc is located in Joliet, IL. The organization was established in 1991. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Des Plaines River Valley Enter Prise Zone Inc 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 06/2023, Des Plaines River Valley Enter Prise Zone Inc generated $29.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 74.6% each year . All expenses for the organization totaled $23.7k during the year ending 06/2023. While expenses have increased by 0.5% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
INCUBATOR PROGRAM FOR THE PROMOTION OF SMALL BUSINESSES IN THE DESPLAINES RIVER VALLEY ENTERPRISE ZONE. FUNDS ARE LOANED AT LOW RATES OF INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mayor Steven Streit Director | 0 | $0 | |
David Nelson Secretary | 0 | $0 | |
Ben Benson Director | 0 | $0 | |
Vilage President Sam Wyke Director | 0 | $0 | |
Tom Anzelc Director | 0 | $0 | |
Village President John Noak Chair | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,375 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,490 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $29,865 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,366 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $328 |
| Total expenses | $23,694 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $294,693 |
| Other assets | $0 |
| Total assets | $294,693 |
| Total liabilities | $0 |
| Net assets or fund balances | $294,693 |