South Elgin Economic Development Council

Organization Overview

South Elgin Economic Development Council is located in South Elgin, IL. The organization was established in 2003. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic 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. South Elgin Economic Development Council is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2020, South Elgin Economic Development Council generated $22.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $10.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3

PROMOTES LOCAL BUSINESSES AND ECONOMIC DEVELOPMENT


PROMOTES LOCAL BUSINESSES AND ECONOMIC DEVELOPMENT


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$21,985
Total Program Service Revenue$0
Membership dues$0
Investment income $130
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$22,115

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