REVITALIZE & DEVELOP EAST MOLINE INC

Address
1523 8TH STREET
EAST MOLINE, IL 61244
Contact
Phone: +1 (309) 755-8751
Nonprofit
NTEE: S30 - Economic Development
EIN: 36-3815927

Mission

TO PROMOTE COMMERCIAL, INDUSTRIAL, AND RECREATIONAL DEVELOPMENT THAT ENHANCES BOTH THE TAX BASE AND THE QUALITY OF LIFE IN EAST MOLINE; PROVIDE FINANCIAL ASSISTANCE TO AND ENCOURAGE BUSINESSES TO LOCATE IN IDENTIFIED PROJECT AREAS; TARGET BUSINESSES WHICH WILL PROVIDE TRAINING FOR UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS AND SECURE UNSAFE PROPERTIES IN ECONOMICALLY DEPRESSED AREAS; AND OFFER SITES ON FAVORABLE TERMS TO NEW OR EXISTING BUSINESSES.
 20172016201520142013
Basic features of the organization
Year of formation1991
Subsection code03
PF filing required0    
Metropolitan statistical area1960
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$76,667.00$75,000.00$75,000.00$68,000.00$58,260.00
Sum of reportable (W2/1099) compensation$76,667.00$75,000.00$75,000.00$68,000.00$58,260.00
Number of employees11111
Number of people compensated >$100k00000
Number of volunteers00000
Number of highly compensated contractors00000
Personnel
Andersen, Gary
Title    DIRECTOR
Name of key/compensated person    GARY ANDERSEN
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Anderson, Larry
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personLARRY ANDERSONLARRY ANDERSONLARRY ANDERSONLARRY ANDERSONLARRY ANDERSON
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.501.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Baecke, Robert
TitleDIRECTORDIRECTORDIRECTORDIRECTORVICE PRESIDENT
Name of key/compensated personROBERT BAECKEROBERT BAECKEROBERT BAECKEROBERT BAECKEROBERT BAECKE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.501.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Brahm, Terry
TitlePAST PRESIDENTPAST PRESIDENTPAST PRESIDENTPAST PRESIDENTPAST PRESIDENT
Name of key/compensated personTERRY BRAHMTERRY BRAHMTERRY BRAHMTERRY BRAHMTERRY BRAHM
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.501.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Donnelly, Kurt
TitleSECRETARY AND VICE PRESIDESECRETARY AND VICE PRESIDESECRETARY AND VICE PRESIDENTSECRETARY AND VICE PRESIDENTSECRETARY
Name of key/compensated personKURT DONNELLYKURT DONNELLYKURT DONNELLYKURT DONNELLYKURT DONNELLY
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.501.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Freeman, Carl
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personCARL FREEMAN JRCARL FREEMAN JRCARL FREEMAN JRCARL FREEMANCARL FREEMAN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.501.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Garrity, Jennifer
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personJENNIFER GARRITYJENNIFER GARRITYJENNIFER GARRITY  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org0.501.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Greer, Nancy
TitleTREASURERTREASURERTREASURERTREASURERTREASURER
Name of key/compensated personNANCY GREERNANCY GREERNANCY GREERNANCY GREERNANCY GREER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.501.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Griffith, Tadd
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personTADD GRIFFITHTADD GRIFFITHTADD GRIFFITHTADD GRIFFITH 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.501.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Knanishu, Tim
TitleEXECUTIVE VICE PRESIDENTEXECUTIVE VICE PRESIDENTEXECUTIVE VICE PRESIDENTEXECUTIVE VICE PRESIDENTEXECUTIVE VICE PRESIDENT
Name of key/compensated personTIM KNANISHUTIM KNANISHUTIM KNANISHUTIM KNANISHUTIM KNANISHU
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org32.0032.0032.0032.0030.00
Reportable compensation from org$76,667.00$75,000.00$75,000.00$68,000.00$58,260.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Morrow, Jay
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personJAY MORROWJAY MORROWJAY MORROWJAY MORROWJAY MORROW
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.501.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Stange-Crotty, Leslie
Title   DIRECTORDIRECTOR
Name of key/compensated person   LESLIE STANGE-CROTTYLESLIE STANGE-CROTTY
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Theis, Greg
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personGREG THEISGREG THEISGREG THEISGREG THEISGREG THEIS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.501.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Truit, Bettie
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personDR BETTIE TRUITDR BETTIE TRUITDR BETTIE TRUIT  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org0.501.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Westbrook, Terry
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personTERRY WESTBROOKTERRY WESTBROOKTERRY WESTBROOKTERRY WESTBROOKTERRY WESTBROOK
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.501.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROMOTE COMMERCIAL, INDUSTRIAL AND RECREATIONAL DEVELOPMENT THAT ENHANCES BOTH THE TAX BASE AND THE QUALITY OF LIFE IN EAST MOLINE; PROVIDE FINANCIAL ASSISTANCE TO AND ENCOURAGE BUSINESSES TO LOCATE IN IDENTIFIED PROJECT AREAS; TARGET BUSINESSES WHICH WILL PROVIDE TRAINING FOR UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS AND SECURE UNSAFE PROPERTIES IN ECONOMICALLY DEPRESSED AREAS; AND OFFFER SITES ON FAVORABLE TERMS TO NEW OR EXISTING BUSINESSES.TO PROMOTE COMMERCIAL, INDUSTRIAL AND RECREATIONAL DEVELOPMENT THAT ENHANCES BOTH THE TAX BASE AND THE QUALITY OF LIFE IN EAST MOLINE; PROVIDE FINANCIAL ASSISTANCE TO AND ENCOURAGE BUSINESSES TO LOCATE IN IDENTIFIED PROJECT AREAS; TARGET BUSINESSES WHICH WILL PROVIDE TRAINING FOR UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS AND SECURE UNSAFE PROPERTIES IN ECONOMICALLY DEPRESSED AREAS; AND OFFFER SITES ON FAVORABLE TERMS TO NEW OR EXISTING BUSINESSES.TO PROMOTE COMMERCIAL, INDUSTRIAL AND RECREATIONAL DEVELOPMENT THAT ENHANCES BOTH THE TAX BASE AND THE QUALITY OF LIFE IN EAST MOLINE; PROVIDE FINANCIAL ASSISTANCE TO AND ENCOURAGE BUSINESSES TO LOCATE IN IDENTIFIED PROJECT AREAS; TARGET BUSINESSES WHICH WILL PROVIDE TRAINING FOR UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS AND SECURE UNSAFE PROPERTIES IN ECONOMICALLY DEPRESSED AREAS; AND OFFFER SITES ON FAVORABLE TERMS TO NEW OR EXISTING BUSINESSES.TO PROMOTE COMMERCIAL, INDUSTRIAL AND RECREATIONAL DEVELOPMENT THAT ENHANCES BOTH THE TAX BASE AND THE QUALITY OF LIFE IN EAST MOLINE; PROVIDE FINANCIAL ASSISTANCE TO AND ENCOURAGE BUSINESSES TO LOCATE IN IDENTIFIED PROJECT AREAS; TARGET BUSINESSES WHICH WILL PROVIDE TRAINING FOR UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS AND SECURE UNSAFE PROPERTIES IN ECONOMICALLY DEPRESSED AREAS; AND OFFFER SITES ON FAVORABLE TERMS TO NEW OR EXISTING BUSINESSES.TO PROMOTE COMMERCIAL, INDUSTRIAL AND RECREATIONAL DEVELOPMENT THAT ENHANCES BOTH THE TAX BASE AND THE QUALITY OF LIFE IN EAST MOLINE; PROVIDE FINANCIAL ASSISTANCE TO AND ENCOURAGE BUSINESSES TO LOCATE IN IDENTIFIED PROJECT AREAS; TARGET BUSINESSES WHICH WILL PROVIDE TRAINING FOR UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS AND SECURE UNSAFE PROPERTIES IN ECONOMICALLY DEPRESSED AREAS; AND OFFFER SITES ON FAVORABLE TERMS TO NEW OR EXISTING BUSINESSES.
Program service expenses, total$186,035.00$136,361.00$68,808.00$45,429.00$56,144.00
Programs, including revenue & expenses
FOUNTAINHEAD PROJECT-CONSTRUCT FACILITIES ALONG THE MISSISSIPPI RIVER FRONT THAT WILL INCLUDE PARK SPACE, RETAIL AND COMMERICAL AREAS AND LUXURY APARTMENT.
Program expenses  $6,684.00  
Program description  FOUNTAINHEAD PROJECT-CONSTRUCT FACILITIES ALONG THE MISSISSIPPI RIVER FRONT THAT WILL INCLUDE PARK SPACE, RETAIL AND COMMERICAL AREAS AND LUXURY APARTMENT.  
PROPERTY TAX ON PROPERTY HELD FOR REVITALIZATION.
Program expenses$20,328.00$19,726.00$18,790.00$18,498.00$18,477.00
Program descriptionPROPERTY TAX ON PROPERTY HELD FOR REVITALIZATION.PROPERTY TAX ON PROPERTY HELD FOR REVITALIZATION.PROPERTY TAX ON PROPERTY HELD FOR REVITALIZATION.PROPERTY TAX ON PROPERTY HELD FOR REVITALIZATION.PROPERTY TAX ON PROPERTY HELD FOR REVITALIZATION.
RIVERFRONT PROJECT-ACTIVITIES PURSUANT TO THE DEVELOPMENT OF RIVERFRONT AND DOWNTOWN PROPERTIES, INCLUDING MIXED-USE DEVELOPMENT, WETLANDS ENHANCEMENT, AND ENVIRONMENTAL CLEANUP.
Program expenses$98,026.00$113,869.00$40,568.00$26,931.00$37,667.00
Program descriptionRIVERFRONT PROJECT-ACTIVITIES PURSUANT TO THE DEVELOPMENT OF RIVERFRONT AND DOWNTOWN PROPERTIES, INCLUDING MIXED-USE DEVELOPMENT, WETLANDS ENHANCEMENT, AND ENVIRONMENTAL CLEANUP.RIVERFRONT PROJECT-ACTIVITIES PURSUANT TO THE DEVELOPMENT OF RIVERFRONT AND DOWNTOWN PROPERTIES, INCLUDING MIXED-USE DEVELOPMENT, WETLANDS ENHANCEMENT, AND ENVIRONMENTAL CLEANUP.RIVERFRONT PROJECT-ACTIVITIES PURSUANT TO THE DEVELOPMENT OF RIVERFRONT AND DOWNTOWN PROPERTIES, INCLUDING MIXED-USE DEVELOPMENT, WETLANDS ENHANCEMENT, AND ENVIRONMENTAL CLEANUP.ACTIVITIES PURSUANT TO THE DEVELOPMENT OF RIVERFRONT AND DOWNTOWN PROPERTIES, INCLUDING MIXED-USE DEVELOPMENT, WETLANDS ENHANCEMENT, AND ENVIRONMENTAL CLEANUP.ACTIVITIES PURSUANT TO THE DEVELOPMENT OF RIVERFRONT AND DOWNTOWN PROPERTIES, INCLUDING MIXED-USE DEVELOPMENT, WETLANDS ENHANCEMENT, AND ENVIRONMENTAL CLEANUP.
STORM UTILITY FEE
Program expenses$2,766.00$2,766.00   
Program descriptionSTORM UTILITY FEESTORM UTILITY FEE   
Financial data
Revenue
Total revenue$190,281.00$196,263.00$218,863.00$197,898.00$237,104.00
Revenue from contributions (total)$93,300.00$99,800.00$129,300.00$110,300.00$116,000.00
Investment income, current yr$3,115.00$5,696.00$1,990.00$1,955.00$1,822.00
Total revenue from grants, etc., current yr$93,300.00$99,800.00$129,300.00$110,300.00$116,000.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$93,866.00$90,767.00$87,573.00$85,643.00$119,282.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)  $0.00$0.00$0.00
Gross receipts$190,281.00$196,263.00$218,863.00$197,898.00$237,104.00
Sources of contributions
Revenue from all other contributions$93,300.00$99,800.00$129,300.00$110,300.00$116,000.00
Other types of revenue
Miscellaneous revenue (total)$93,866.00$90,767.00$87,573.00$85,643.00$119,282.00
Income from dividends, interest, and similar investments$3,115.00$5,696.00$1,990.00$1,955.00$1,822.00
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$215,435.00$168,387.00$163,878.00$135,005.00$134,087.00
Total functional expenses: program service $186,035.00$136,361.00$68,808.00$45,429.00$56,144.00
Total functional expenses: management and general$29,400.00$32,026.00$95,070.00$89,576.00$77,943.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total) $2,131.00$540.00$183.00$2,250.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$1,253,027.00$1,277,871.00$1,249,995.00$1,194,561.00$1,131,601.00
Total assets, beginning of year$1,277,871.00$1,249,995.00$1,194,561.00$1,131,601.00$1,028,591.00
Total liabilities$2,826.00$2,516.00$2,516.00$2,067.00$2,000.00
Total liabilities, beginning of year$2,516.00$2,516.00$2,067.00$2,000.00$2,007.00
Unrestricted net assets, end of yr$1,250,201.00$1,275,355.00$1,247,479.00$1,192,494.00$1,129,601.00
Net assets$1,250,201.00$1,275,355.00$1,247,479.00$1,192,494.00$1,129,601.00
Net assets, beginning of year$1,275,355.00$1,247,479.00$1,192,494.00$1,129,601.00$1,026,584.00
Cash: non-interest bearing$60,661.00$27,469.00$36,050.00$10,168.00$24,796.00
Cash: non-interest bearing, beginning of year$27,469.00$36,050.00$10,168.00$24,796.00$4,518.00
Other financial variables
Revenue less expenses-$25,154.00$27,876.00$54,985.00$62,893.00$103,017.00
Savings & temp cash investment$778,471.00$836,507.00$800,050.00$770,498.00$692,910.00
Accounts payable & accrued expenses$2,826.00$2,516.00$2,516.00$2,067.00$2,000.00
Total net assets or fund balances$1,250,201.00$1,275,355.00$1,247,479.00$1,192,494.00$1,129,601.00
Governance and accountability
Number of voting members1112121111
Number of independent voting members1112121111
Financial sheets auditedTrueTrueTrueTrueTrue
Cash accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-09-202017-09-062016-10-172015-08-202014-10-28
IRS schema version2017v2.22016v3.02015v2.12014v5.02013v3.0
Filing identifier201821779349300017201741229349300634201621769349300432201541819349300239201442069349300129
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