Land of Lincoln Economic Development Corporation
Nonprofit profile at a glance
- EIN
- 824479816
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Springfield, IL, USA
- Phone
- 2176793500
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $1,347,242
- Expenses
- $3,072,749
- Assets
- $298,447
- Liabilities
- $201,639
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- RYAN MCCRADY (EXECUTIVE DIRECTOR)
Highest reported compensation
- RYAN MCCRADY (EXECUTIVE DIRECTOR): $213,565 total reported compensation
- ABBY POWELL (DIR. BUSINESS DEVELOPMENT): $122,927 total reported compensation
- SHELLY TULO (DIR. MARKETING & COMMUNICATIONS): $108,129 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To pursue economic prosperity and growth for sangamon county and the city of springfield by creating a financially sound community able to attract new businesses and skilled talent, while retaining today's profitable companies and their local workforce.
What it reported doing in 2024
Grew the business retention and expansion (bre) program by conducitng over 100 meetings in 2024. At the bre meetings, lledc staff also works to encourage businesses to expand and connect them to resources to assist them. The community marketing campaign continues to be successful with over 3 million views of the digital marketing efforts. Workers in the community stayed engaged with the metro area surpassing its pre-pandemic employment levels and average wages also showing significant increases. Total employment increased 1,300 positions over the previous year and 1,000 over pre-pandemic levels. Construction continuted on the $75 million scheels sports complex at legacy pointe. The $800 million double black diamond solar developmen completed construction and began operating in december 2024. Construction began on an amazon distribution facitliy, and plans for a frito lay distribution facility were announced. Staff made dozens of visits with national site selection consultants to grow their awareness of the community in regards to business attraction opportunities and locations.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 66
- Accountability: 90
- Sustainability: 6
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -128.1%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.1; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.68; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 14.5%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 1.3% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: -0.1% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 20 of 20 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $214K · 30 people listed · 1 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 1/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- High — Sustainability: Officer compensation ratio scored 24/100.