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Organizations Community Improvement & Capacity Building Downers Grove Economic Development Corporation

Downers Grove Economic Development Corporation

Fiscal year ending 2024. Filed on July 3, 2025.

5159 Mochel Drive
Downers Grove, Illinois 60515

Downers Grove Economic Development Corporation (EIN: 87-0772222) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, Downers Grove Economic Development Corporation, a 501(c)(6) business league, reported compensation for 1 out of 3 total employees. Among the employees shown here, the average compensation is $167,723. The highest compensated employee at Downers Grove Economic Development Corporation is Bryan Gay with fiscal year 2024 compensation of $167,723.

Revenue, expenses, and employee compensation

Revenue

$719,538

Expenses

$693,950

Employee compensation

$414,718
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Bryan Gay
President
$167,723
$155,299 No related comp$12,424

Benchmark Employee Compensation

Non-Employee Board Members

Allison Wyler
Director
Beth Goncher
Director
Chris Gilmartin
Director
Claudio Gutierrez
Director
David Fieldman
Director
Dr Maureen Dunne
Director
Edward Sitar III
Director
Eric Rhodes
Director
Erin Venezia
Director
Fadi Osmano
Director
Gary Mori
Director
Jennifer Schinke
Director

Mission Statement

TO ENHANCE THE ECONOMIC VITALITY OF THE VILLAGE OF DOWNERS GROVE THROUGH THE RETENTION, EXPANSION, AND ATTRACTION OF BUSINESS THAT IS CONDUCIVE TO IMPROVING THE QUALITY OF LIFE IN DOWNERS GROVE.

Revisions to this organization profile

July 3, 2025:
2024 Downers Grove Economic Development Corporation 990 filed
September 9, 2024:
2023 Downers Grove Economic Development Corporation 990 filed
October 25, 2023:
2022 Downers Grove Economic Development Corporation 990 filed

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