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Chicago Southland Economic Development Corporation

EIN 36-4248732 · E Hazel Crest, IL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood70 out of 100GovernanceGood84 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE CHICAGO SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION HAS MADE SUBSTANTIAL PROGRESS IN ADVANCING KEY ECONOMIC INITIATIVES, STRENGTHENING INDUSTRY RELATIONSHIPS, AND SUPPORTING BOTH BUSINESSES AND WORKFORCE DEVELOPMENT. BY CONTINUING TO DRIVE INVESTMENT, INNOVATION, AND INFRASTRUCTURE IMPROVEMENTS, CSEDC REMAINS COMMITTED TO FOSTERING SUSTAINABLE ECONOMIC GROWTH AND ENHANCING THE PROSPERITY OF THE SOUTHLAND REGION.

Income
$270,201
Spending
$261,424
Spent on programs
70%
Reserves
4 months of spending
Largest source of income
donations and private grants, 80%
Employees
0
Highest pay
$36,110, executive di

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 70 out of 100. Higher than 42% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    20 of 35

    Spendable reserves would cover 4.0 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 3% of income.

  • Income trend

    0 of 15

    Income fell 32% on the year before.

  • Spending floor

    15 of 15

    70% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 84 out of 100. Higher than 65% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $147,576 spent. BEGAN A BUSINESS & MEDIA CENTER - CSEDC LAUNCHED THE BUSINESS & MEDIA CENTER, A 3,500-SQUARE-FOOT SHARED OFFICE SPACE DESIGNED TO SUPPORT SMALL BUSINESS GROWTH AND REGIONAL COLLABORATION. EQUIPPED WITH A STATE-OF-THE- ART TRAINING CENTER AND A CONFERENCE ROOM, THE FACILITY SERVES AS A VITAL RESOURCE FOR ENTREPRENEURS, PROVIDING ACCESS TO TRAINING PROGRAMS, NETWORKING OPPORTUNITIES, AND REGIONAL ECONOMIC DEVELOPMENT INITIATIVES. THE CENTER HAS QUICKLY BECOME A HUB FOR FOSTERING BUSINESS INNOVATION AND PROFESSIONAL DEVELOPMENT IN THE SOUTHLAND COMMUNITY.
  2. $35,422 spent. ENGAGING YOUTH THROUGH STEM AND WORKFORCE DEVELOPMENT- RECOGNIZING THE IMPORTANCE OF WORKFORCE DEVELOPMENT, CSEDC CONTINUED ITS EFFORTS TO CONNECT LOCAL BUSINESSES WITH HIGH SCHOOL STUDENTS THROUGH THE SOUTHWORKS ENGINEERING AND ROBOTICS COMPETITION. THIS YEAR-LONG PROGRAM PROVIDED HANDS-ON EXPERIENCE AND EXPOSURE TO STEM-RELATED FIELDS, WITH OVER 500 HIGH SCHOOL STUDENTS PARTICIPATING. THE INITIATIVE NOT ONLY FOSTERED INNOVATION AND TECHNICAL SKILLS AMONG STUDENTS BUT ALSO STRENGTHENED THE PIPELINE FOR FUTURE TALENT IN THE REGION'S ENGINEERING AND TECHNOLOGY SECTORS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 1999.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.