Illinois Valley Economic Development Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION IS ORGANIZED AS A CHARITABLE AND EDUCATIONAL ORGANIZATION THAT EXISTS TO SERVE THE COMMUNITY, THROUGH PROGRAMS TO ASSIST LOW-INCOME, DISABLED, ELDERLY, AND INDIVIDUALS AND FAMILIES IN NEED. IVEDC ACTS TO RECEIVE, PLAN, COORDINATE, AND ADMINISTER FEDERAL, STATE, LOCAL AND PRIVATE RESOURCES TOWARDS EDUCATION, EMPLOYMENT AND TRAINING, HOUSING, ENERGY, FOOD AND NUTRITION, DEVELOPMENTAL TRAINING, TRANSPORTATION, RESOURCE COORDINATION, AND OTHER SUCH RELATED NEEDS. IVEDC SHALL BE A CATALYST AND ADVOCATE FOR THE INTEREST OF ITS CLIENTS IN ORDER TO IMPROVE LIVES AND ENRICH COMMUNITIES.
- Income
- $13.5 million
- Spending
- $11.9 million
- Spent on programs
- 89%
- Reserves
- 6.8 months of spending
- Largest source of income
- government grants, 68%
- Employees
- 277
- Volunteers
- 191
- Highest pay
- $111,477, executive director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 93 out of 100. Higher than 89% of charities in its peer group (human services, $10m to $100m).
Reserves
28 of 35Spendable reserves would cover 6.8 months of spending.
Debt
20 of 20It owes 13% of what it owns.
Living within its means
15 of 15Income exceeded spending by 12% of income.
Income trend
15 of 15Income rose 4% on the year before.
Spending floor
15 of 1589% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 35% of charities in its peer group (human services, $10m to $100m).
Independent board
25 of 2521 of 21 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, 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 (8)
- $3.7 million spent. ENERGY PROGRAMS - THE ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION OPERATES TWO PROGRAMS PROVIDING HOME UTILITY ASSISTANCE AND ENERGY SECURITY IN THE AGENCY'S FOUR COUNTY SERVICE AREA. THESE PROGRAMS ARE THE LOW-INCOME HOME ENERGY ASSISTANCE PROGRAM (LIHEAP), AND THE ILLINOIS HOME WEATHERIZATION ASSISTANCE PROGRAM (IHWAP). LIHEAP ANNUALLY PROVIDES BENEFITS TO ELIGIBLE HOUSEHOLDS TO OFFSET WINTER AND SUMMER UTILITY COSTS, PROVIDE FOR RECONNECTION OF UTILITY SERVICES, AND PROVIDE FOR FURNACE REPAIR OR REPLACEMENT. THE NUMBER OF HOUSEHOLDS ASSISTED VARIES EACH YEAR DUE TO THE CHANGING ALLOCATIONS PROVIDED. IN FY25 PROGRAM YEAR, THE AGENCY PROVIDED 3,298 HOUSEHOLDS WITH UTILITY ASSISTANCE, OVER 926 HOUSEHOLDS WITH FUNDS FOR EMERGENCY RECONNECTION, AND APPROXIMATELY 34 HOUSEHOLDS WITH FURNACE REPAIR OR REPLACEMENT. FOR FY25, THE PERCENTAGE OF INCOME PAYMENT PROGRAM (PIPP) PROVIDED UTILITY ASSISTANCE TO APPROXIMATELY 266 HOUSEHOLDS. IHWAP PROVIDES WEATHERIZATION ASSISTANCE IN THE FORM OF INSULATION, WEATHER STRIPPING, AIR-SEALING, REPAIRING WINDOWS AND DOORS, PURCHASE OF REFRIGERATORS, AND PROVIDING FOR MAINTENANCE, REPAIR, AND/OR REPLACEMENT OF HEATING SYSTEMS. THE NUMBER OF HOUSEHOLDS THE IHWAP PROGRAM CAN ASSIST YEARLY DEPENDS ON PROGRAM FUNDING, AND THE AMOUNT OF FUNDS NEEDED PER HOME TO MAKE THE HOME MORE ENERGY EFFICIENT, AFFORDABLE, AND COMFORTABLE. IVEDC RUNS A CREW BASED PROGRAM FOR ARCHITECTURAL AND A CONTRACTOR BASED PROGRAM FOR HVAC. USING THIS HYBRID APPROACH, 28 HOMES WERE WEATHERIZED IN FY25.
- $2.5 million spent. EARLY CHILDHOOD PROGRAMS - THE HEAD START PROGRAM PROVIDES OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED CHILDREN, AGES 3 THROUGH 5, TO RECEIVE COMPREHENSIVE CHILD DEVELOPMENT SERVICES AND ASSISTANCE TO THEIR PARENTS IN FORMULATING AND ACHIEVING SELF-SUFFICIENCY GOALS. WE ARE FUNDED TO SERVE A TOTAL OF 210 CHILDREN, 10% WITH DISABILITIES, WITHIN OUR SERVICE AREA OF MACOUPIN, GREENE, JERSEY, AND CALHOUN COUNTIES. CHILDREN ATTEND EITHER A CENTER BASED MODEL WITH CLASSES 5 DAYS A WEEK, 5.5 HOURS A DAY, FOR A TOTAL OF 160 DAYS OR A HOME BASED MODEL IN WHICH CHILDREN AND PARENTS PARTICIPATE IN A WEEKLY HOME VISIT FOR 37 WEEKS WITH GROUP ACTIVITIES HELD TWICE A MONTH. AS PART OF THE PROGRAM, CHILDREN RECEIVE EDUCATION, MEDICAL, DENTAL, NUTRITION, AND MENTAL HEALTH SERVICES. EDUCATIONAL PROGRESS AND OUTCOMES ARE TRACKED THROUGH THE TEACHING STRATEGIES GOLD, DIAL 4 SCREENINGS, AND OBSERVATIONAL INSTRUMENTS THREE TIMES DURING THE YEAR. CHILDREN SHOW DRAMATIC PROGRESS IN THE AREAS EVALUATED WHICH INCLUDE SOCIAL, EMOTIONAL, PHYSICAL, COGNITIVE, AND LANGUAGE DEVELOPMENT. APPROXIMATELY 50% OF THE CHILDREN TRANSITION INTO KINDERGARTEN EACH YEAR. THE EARLY HEAD START PROGRAM OFFERS SIMILAR AGE APPROPRIATE AND PARENTING OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED FAMILIES WHO HAVE CHILDREN UP TO AGE 3. THE PROGRAM IS A HOME-BASED MODEL SERVING 24 FAMILIES A MINIMUM OF 48 WEEKS/YEAR. PARENTS ARE ENCOURAGED TO BECOME DIRECTLY INVOLVED IN THE PROGRAM BY VOLUNTEERING IN THE CLASSROOM, ATTENDING PARENT MEETINGS, SERVING ON THE POLICY COUNCIL, PARTICIPATING IN HOME VISITS AND PARENT/TEACHER CONFERENCES, AND ENTERING INTO FAMILY PARTNERSHIP AGREEMENTS FOR GOAL SETTING PURPOSES. BY PROVIDING INDIVIDUALIZED SERVICES FOR BOTH CHILDREN AND PARENTS, THE HEAD START PROGRAM PREPARES THE CHILDREN FOR KINDERGARTEN AND THE PARENTS FOR SETTING AND ACHIEVING FAMILY GOALS AS WELL AS STRENGTHENING THEIR ROLE AS THE FIRST AND PRIMARY EDUCATORS OF THEIR CHILDREN. IN FY25 IVEDC SERVED 136 CHILDREN. CHILDREN WERE ASSESSED USING TEACHING STRATEGIES GOLD AND MET OR EXCEEDED OBJECTIVES IN SOCIAL EMOTIONAL, PHYSICAL, LANGUAGE, COGNITIVE, LITERACY AND MATHEMATICS. PREVENTION INITIATIVE 0-3 PROGRAM PROVIDED SIMILAR SERVICES AS THE EARLY HEADSTART PROGRAM. PI SERVED 12 FAMILIES WITH LIKE SERVICES.
- $1.7 million spent. COMMUNITY DAY SERVICE PROGRAMS - IVEDC OPERATES TWO CDS PROGRAMS IN JERSEY AND MACOUPIN COUNTIES, WHICH PROVIDE A FULL RANGE OF SERVICES FOR PERSONS EIGHTEEN YEARS OF AGE OR OLDER WHO HAVE A DIAGNOSED DEVELOPMENTAL DISABILITY. DEVELOPMENT TRAINING SERVICES INCLUDE ASSESSMENT AND INDIVIDUAL PROGRAM PLANNING. EMPLOYMENT SERVICES ARE PROVIDED, WHERE CONTRACT WORK IS COMPETITIVELY BID AND INDIVIDUALS EARN A PAYCHECK WHILE LEARNING REAL WORK SKILLS. THE PROGRAMS ARE DESIGNED TO TEACH LIFE SKILLS AND GOOD WORK HABITS TO DEVELOP POTENTIAL AND INCREASE SELF-SUFFICIENCY, SO THAT EACH INDIVIDUAL MAY HAVE THE BEST POSSIBLE QUALITY OF LIFE WITHIN THE LEAST RESTRICTIVE ENVIRONMENT. IVEDC SERVES APPROXIMATELY 101 DEVELOPMENTALLY DISABLED ADULTS THROUGH PROGRAMS AND WORK OPPORTUNITIES AT OUR FACILITIES LOCATED IN GILLESPIE (MACOUPIN COUNTY) AND JERSEYVILLE (JERSEY COUNTY). MANY PARTICIPANTS ARE OFFERED THE OPPORTUNITY TO EARN A PAYCHECK WHETHER WORKING IN THE CONTRACTED CARDBOARD RECYCLING, CONTRACTED PIECE WORK, BUILDING CRAFTS THAT SUPPLY LOCAL MARKETS OR MAINTENANCE PERSONNEL AT THE RAILSPLITTER AND/OR COALFIELD REST AREA ON INTERSTATE I-55.
- $257,996 spent. THE COMMUNITY SERVICES BLOCK GRANT (CSBG) IS THE CORNERSTONE OF A COMMUNITY ACTION AGENCY. SERVICES ARE DESIGNED BY THE AGENCY TO MEET THE NEEDS OF OUR CLIENTS AND INCLUDE EMERGENCY SERVICE, HOUSING AND EMPLOYMENT ASSISTANCE, CASE MANAGEMENT, EDUCATIONAL SCHOLARSHIPS, AND SUPPORT OTHER AGENCY ACTIVITIES. WE HAVE EMPHASIZED JOB CREATION WITH OUR SERVICES PROVIDING ASSISTANCE WITH SHORT-TERM TRAINING AND JOB SEARCH. THE AGENCY NETWORKS WITH THE SOCIAL SERVICE AGENCIES SUCH AS UNITED WAY AND IL DEPT OF HUMAN SERVICES AND ADMINISTERS OTHER EMERGENCY ASSISTANCE FUNDS UTILIZING CSBG RESOURCES FOR ADMINISTRATIVE COSTS AND STAFF TIME. OVER 1,205 DIRECT SERVICES WERE PROVIDED TO INDIVIDUALS AND FAMILIES INCLUDING CARDBOARD RECYCLING AND PRODUCTION/SALE OF CRAFTS BY DEVELOPMENTALLY DISABLED ADULTS WERE FINANCIALLY ASSISTED.
- $1.4 million spent. SENIOR MEALS SERVED IN FY25 CONSISTED OF CONGREGATE MEALS 4,570; HOME-DELIVERED MEALS 89,339 THIS IS AN OVERALL INCREASE FROM FY24 BY 11,014 UNITS
- $114,236 spent. SENIOR IN-HOME CARE SERVICES WERE PROVIDED TO OVER 50 ELDERLY AVERAGING1300 HOURS OF SERVICE PER MONTH. SERVICES INCLUDE ASSISTING WITHSELF-ADMINISTERED MEDICATION, ASSISTING WITH BATHING, DRESSING,SHAVING, AS WELL AS HELPING WITH DAILY LIVING CHORES SUCH AS LIGHTHOUSEKEEPING, LAUNDRY, SHOPPING, COOKING ECT. BOTH THE SENIOR IN-HOMECARE AND SENIOR NUTRITION PROGRAMS MAINTAIN, STRENGTHEN, AND SAFEGUARDOUR SENIORS IN THEIR OWN HOMES, ALLOWING SENIORS TO REMAIN IN THEIRHOMES INTO THEIR ADVANCED YEARS.
- $350,546 spent. IVEDC'S HOUSING PROGRAMS CONSIST OF HUD, EMERGENCY SOLUTIONS, AND IDHSHOMELESS PREVENTION GRANTS. THESE GRANTS HAVE ENABLED IVEDC TO ASSIST,SUPPORT AND EDUCATE OVER 142 INDIVIDUALS WHO ARE IN A HOUSING CRISIS.SERVICES PROVIDED INCLUDE CASE MANAGEMENT, MORTGAGE/RENTAL ASSISTANCEAND ALSO REFERRALS TO OTHER PROGRAMS INTERNALLY AND THROUGH OURCOMMUNITY PARTNERS.
- $671,106 spent. TRI COUNTY RURAL TRANSIT (TCRT) PUBLIC TRANSPORTATION, A MEDICAID APPROVED PROVIDER FOR NON-EMERGENCY TRANSPORT. TCRT IS A DOOR-TO-DOOR DEMAND RESPONSE DEVIATED ROUTE SERVICE THAT PROVIDES AFFORDABLE AND ACCESSIBLE TRANSPORATION TO THE RESIDENTS OF GREENE, JERSEY, ANDCALHOUN COUNTIES. BY PARTNERING WITH SURROUNDING AREA TRANSPORTATION PROVIDERS, IVEDC PROMOTES INDEPENDENCE AND SELF-SUFFICIENCY TO COMMUNITY RESIDENTS. TCRT PROVIDES TRANSPORTATION IN ITS SERVICE AREA FOR THE GENERAL PUBLIC, SENIOR CITIZENS, AND DISABLED INDIVIDUALS. FARE SCHEDULE IS SUGGESTED FOR ALL PASSENGERS UP TO 60+ YEARS OF AGE.DONATIONS IN ANY AMOUNT BY SENIORS ARE ACCEPTED. IN FY25, 27,332 RIDES AND 342,224 SERVICE MILES DRIVEN WERE PROVIDED BY TCRT ACROSS THE SERVCIE AREA AND NEIGHBORING COMMUNITIES. TCRT IS VITAL IN ASSISTING WITH TRANSPORT TO MEDICAL APPOINTMENTS, EDUCATION, SHOPPING (GROCERY AND OTHER), EMPLOYMENT, RECREATION AND CONTRACT.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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.
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 October 13, 2026.
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.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 1966.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 October 21, 2026.
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