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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Rockford Local Development Corporation

Rockford Local Development Corporation

Fiscal year ending 2024. Filed on February 21, 2025.

120 West State Street
Rockford, Illinois 61101

Rockford Local Development Corporation (EIN: 36-3038678) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, Rockford Local Development Corporation, a 501(c)(6) business league, reported compensation for 1 out of 10 total employees. Among the employees shown here, the average compensation is $225,674. The highest compensated employee at Rockford Local Development Corporation is John Phelps with fiscal year 2024 compensation of $225,674.

Revenue, expenses, and employee compensation

Revenue

$1,052,933

Expenses

$1,073,227

Employee compensation

$635,980
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

John Phelps
Executive Director
$225,674
$184,150 No related comp$41,524

Benchmark Employee Compensation

Non-Employee Board Members

Audra Moncur
Director
Brenten Witherby
Assistant Secretary
Brian Peterson
Former Chair
Earl Dotson Jr
Director
Ed Munguia
Vice Chair
J Daniel O'Boyle
Director
James Ryan
Secretary
Jeff Fahrenwald
Director
Karen Walsh
Director
Karl Swanson
Vice Chair
Linda Heckert
Chair
Michael Schultz
Treasurer

Mission Statement

TO ADVANCE THE COMMERCIAL, INDUSTRIAL AND GENERAL WELFARE OF THE CITY OF ROCKFORD, ILLINOIS AND NORTHERN ILLINOIS AND TO ASSIST IN DEVELOPING AND IMPLEMENTING STRATEGIES TO STIMULATE BUSINESS DEVELOPMENT

Revisions to this organization profile

February 21, 2025:
2024 Rockford Local Development Corporation 990 filed
August 5, 2024:
2023 Rockford Local Development Corporation 990 filed
March 1, 2023:
2022 Rockford Local Development Corporation 990 filed

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