Illinois · Nonprofit
ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D
ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D (Illinois) receives grants from 3 organizations whose IRS filings report $225,000 to it, the largest being OSF HEALTHCARE SYSTEM ($150,000). 2 of them have funded it in more than one year.
- Revenue FY2025
- $8.2M
- Funders on record
- 3
- Grants received
- $225k
- Net assets
- $3.8M
What Illinois Business and Economic Development Corp Dba Illinois Economic D does
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.
As stated on its FY2025 Form 990.
Program
Business development for the state of illinois.
$3,385,263 spent100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $3,385,263.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $3.1M to $4.9M (+60%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 76% · 2021 81% · 2022 78% · 2023 74% · 2024 84% · 2025 74%. Grants only. Government contracts and fees sit inside program revenue.
100% of ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D’s revenue is contributions — more reliant on donations than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
John Atkinson
Chairman
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2021 and FY2022 filings.
Who funds it, year by year
2022 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $50k → $60k.
Left out of every figure on this page: $68k from 2 payers (the payer shares this organization's board, largest Advocate Health and Hospitals Corp). These are real filings, and they are not money ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D raised.
From the IRS filings of ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D leans on a few funders — its largest provides 67% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
78% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D.
Largest funder’s share by year: 2022 100% · 2023 83% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D's grant income comes from Illinois funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D runs a healthier operating margin than half of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Organizations like ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
52% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D?
- ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D (Illinois) receives grants from 3 organizations whose IRS filings report $225,000 to it, the largest being OSF HEALTHCARE SYSTEM ($150,000). 2 of them have funded it in more than one year.
- How many funders does ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D have?
- IRS filings report 3 organizations giving $225,000 in grants to ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D, 2 of which have funded it in more than one year.
- Who is the largest funder of ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D?
- OSF HEALTHCARE SYSTEM is the largest funder on record, with $150,000 in grants. The full list of funders is on this page.
- How can an organization like ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing