Public Charity

ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D

ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D is a nonprofit organization categorized as Public Charity based in CHICAGO, IL. Its most recent IRS filing (2025) reports revenue of $8.2M, expenses of $6.6M, total assets of $4.9M. Imperigo tracks 7 reported grant relationships connected to this organization totaling approximately $243K.

EIN: 811265157 CHICAGO, IL Economic Development NTEE: S30 Latest filing: 2025
Total Revenue$8.2M
Total Expenses$6.6M
Total Assets$4.9M
Grant Records7
Funding Total$243K
Filing Years2021–2025

Mission

TO BRING NEW JOBS, INVESTMENT AND ECONOMIC PROSPERITY TO THE STATE OF ILLINOIS THROUGH DYNAMIC PARTNERSHIPS AND COLLABORATIONS WITH COMPANIES, UNIVERSITIES, NON-FOR-PROFIT ORGANIZATIONS AND THE GOVERNMENT TO DELIVER A UNIFIED APPROACH TO ECONOMIC DEVELOPMENT.

Where $100 goes at Illinois Business and Economic Development Corp DBA Illinois Economic D

How Illinois Business and Economic Development Corp DBA Illinois Economic D divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$38 Programs the work itself
$33 Management running the organization
$29 Fundraising raising the next dollar

Inside the $38 for programs

$38
Business development for the state of illinois
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Brad Henderson
DIRECTOR Brett Hart
DIRECTOR Brian D Wolfe
DIRECTOR Carmen Rossi
DIRECTOR Chip Jorstad
DIRECTOR Chris Gladwin

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$200,000 4 grants
Economic Development
$25,000 2 grants
Unspecified
$18,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $8.2M $6.6M $4.9M
2024 $7.3M $6.5M $3.1M
2023 $4.0M $4.2M $1.8M
2022 $3.8M $3.0M $1.6M
2021 $1.7M $1.5M $1.4M

Between 2021 and 2025, reported annual revenue grew from $1.7M to $8.2M (+368%), with total assets most recently reported at $4.9M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D

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