Overview
What is Illinois Valley Economic Development Corporation?
The Illinois Valley Economic Development Corporation is a charitable and educational organization based in Gillespie, Illinois. They serve the community by managing various programs aimed at assisting low-income, disabled, elderly, and individuals and families in need. Their primary focus includes energy initiatives, such as the Low-Income Home Energy Assistance Program (LIHEAP) and the Illinois Home Weatherization Assistance Program (IHWAP). LIHEAP offers utility assistance, emergency reconnection funds, and furnace repair or replacement for eligible households, while IHWAP provides insulation, weather stripping, air-sealing, and heating system repairs to make homes more energy-efficient and affordable. In the fiscal year 2022, they assisted 2,887 households with utility assistance, 667 households with emergency reconnection, and approximately 32 households with furnace repair or replacement. IVEDC employs a team of 313 individuals and uses a hybrid approach, combining a crew-based program for architectural work and a contractor-based program for HVAC, to weatherize homes and return to pre-pandemic numbers.
Official website here: www.ilvalley-edc.org/
Is Illinois Valley Economic Development Corporation legitimate?
Illinois Valley Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Valley Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $182,270
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,650,035
For more financial information, click here
Official website here: www.ilvalley-edc.org/
What is the mission statement of Illinois Valley Economic Development Corporation?
The Illinois Valley Economic Development Corporation functions as a charitable and educational organization, dedicated to serving the community through various programs. Its mission is to address the needs of low-income, disabled, elderly individuals, and families by coordinating and administering federal, state, local, and private resources. The organization focuses on education, employment, and training, housing, energy, food and nutrition, developmental training, transportation, resource coordination, and other related essentials. The Illinois Valley Economic Development Corporation acts as an advocate for its clients, working to improve lives and enrich communities.
Official website here: www.ilvalley-edc.org/
Who is the CEO of Illinois Valley Economic Development Corporation?
Stephanie Stahlhut is the Treasurer of Illinois Valley Economic Development Corporation.
Official website here: www.ilvalley-edc.org/
What is the revenue of Illinois Valley Economic Development Corporation?
Illinois Valley Economic Development Corporation's revenue in 2022 was $12,871,586.
Official website here: www.ilvalley-edc.org/
Who are the executives of Illinois Valley Economic Development Corporation and what are their salaries?
The average compensation at Illinois Valley Economic Development Corporation during 2022 was $15,439. There are 313 employees and 173 volunteers at Illinois Valley Economic Development Corporation.
Here are 26 key members and their salaries:
- Lynn Petrelli (Cfo)
- Stephanie Stahlhut (Executive Director)
- Joyce Clark (Treasurer) [Trustee/Director]
- Linda Davidson (Board Chair) [Trustee/Director]
- Don Little (Secretary) [Trustee/Director]
- Michael Showalter (Director)
- Virginia Church (Director)
- Janet Droege (Director)
- Lisa Roth (Director)
- Katie Yokem (Director)
- Lynn Robinson (Director)
- Jen Shirley (Director)
- Beth Bear (Director)
- Richard Lott (Director)
- Margaret Bierman (Director)
- Carol Schaffner (Director)
- Mary Kirbach (Director)
- Jerry Reno (Director)
- Cherri Meza (Director)
- Chad Hoesman (Director)
- Dana Yowell (Director)
- Nathan Rush (Director)
- Jacob Copple (Director)
- Larry Schmidt (Director)
- Ruth Pomatto (Director)
- Chris Elliott (Director)
Official website here: www.ilvalley-edc.org/
Where can I find the form 990 for Illinois Valley Economic Development Corporation?
The Illinois Valley Economic Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ilvalley-edc.org/
Learn more at the official website: www.ilvalley-edc.org/
Mission Statement of Illinois Valley Economic Development Corporation
The Illinois Valley Economic Development Corporation, a charitable and educational organization, is dedicated to serving the community by administering resources towards various needs of low-income, disabled, elderly individuals, and families. Through programs focused on education, employment and training, housing, energy, food and nutrition, developmental training, transportation, resource coordination, and other related services, IVEDC acts as a catalyst and advocate for its clients. The Corporation receives, plans, coordinates, and administers federal, state, local, and private resources to improve lives and enrich communities. By providing essential assistance in diverse areas, IVEDC strives to create opportunities that empower individuals and strengthen social bonds within the community.
Impact
This information is meant to be a general summary of Illinois Valley Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Illinois Valley Economic Development Corporation's impact is significant in providing crucial assistance to low-income, disabled, elderly, and individuals and families in need. The organization runs programs such as the Low-Income Home Energy Assistance Program (LIHEAP) and the Illinois Home Weatherization Assistance Program (IHWAP) to support households in their four-county service area. In the FY22 program year alone, IVEDC assisted 2,887 households with utility assistance, over 667 households with emergency reconnection funds, and approximately 32 households with furnace repair or replacement. Additionally, the Percentage of Income Payment Program (PIPP) provided utility assistance to around 463 households.
Moreover, through the IHWAP program, IVEDC offers weatherization assistance including insulation, weather stripping, air-sealing, and heating system maintenance or replacement to make homes more energy-efficient and comfortable. With a crew-based program for architectural work and a contractor-based program for HVAC, IVEDC weatherized 31 homes in FY22. This work is crucial in improving the quality of life for vulnerable residents and positively impacting communities in the area.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$2,675,092
Organization Details
Founding Year
1966
Phone
(217) 839-4431
Principal Officer
Stephanie Stahlhut
Main Address
223 SOUTH MACOUPIN, GILLESPIE, IL, 62033
Website
www.ilvalley-edc.org/
NTEE Category
Code: P280 - Human services
If you are a representative of Illinois Valley Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.