﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-05-31T14:30:58-05:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>390758449</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>WIPFLI LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>PO BOX 5407</AddressLine1>
        <City>ROCKFORD</City>
        <State>IL</State>
        <ZIPCode>611250407</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>363280411</EIN>
      <Name>
        <BusinessNameLine1>FREEPORT AREA ECONOMIC DEVELOPMENT</BusinessNameLine1>
        <BusinessNameLine2>FOUNDATION INC</BusinessNameLine2>
      </Name>
      <NameControl>FREE</NameControl>
      <Phone>8152353950</Phone>
      <USAddress>
        <AddressLine1>27 W STEPHENSON ST</AddressLine1>
        <City>FREEPORT</City>
        <State>IL</State>
        <ZIPCode>61032</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>MIKE CLARK</Name>
      <Title>CHAIRMAN</Title>
      <Phone>8152331350</Phone>
      <DateSigned>2013-05-16</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>GREGORY A DUNHAM</Name>
      <PTIN>P00349053</PTIN>
      <Phone>8153997700</Phone>
      <DatePrepared>2013-05-16</DatePrepared>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="5">
    <IRS990 documentId="RetDoc1038000001" referenceDocumentId="RetDoc1044400001">
      <DoingBusinessAs>
        <BusinessNameLine1>NORTHWEST IL DEVELOPMENT ALLIANCE</BusinessNameLine1>
      </DoingBusinessAs>
      <NameOfPrincipalOfficerPerson>MIKE CLARK</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>27 W STEPHENSON ST</AddressLine1>
        <City>FREEPORT</City>
        <State>IL</State>
        <ZIPCode>61032</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>361432</GrossReceipts>
      <GroupReturnForAffiliates>0</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>FREEPORT-IL-ECON-DEV.COM</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1984</YearFormation>
      <StateLegalDomicile>IL</StateLegalDomicile>
      <ActivityOrMissionDescription>TO PROMOTE ECONOMIC DEVELOPMENT IN NORTHWEST ILLINOIS.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>13</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>13</NbrIndependentVotingMembers>
      <TotalNbrEmployees>2</TotalNbrEmployees>
      <TotalNbrVolunteers>40</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>0</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>265752</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>332970</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>0</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>0</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>4147</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>1087</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>9068</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>839</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>278967</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>334896</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>0</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>162223</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>182996</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>0</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>85248</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>153477</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>247471</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>336473</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>31496</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>-1577</RevenuesLessExpensesCY>
      <TotalAssetsBOY>373104</TotalAssetsBOY>
      <TotalAssetsEOY>409010</TotalAssetsEOY>
      <TotalLiabilitiesBOY>186702</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>224185</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>186402</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>184825</NetAssetsOrFundBalancesEOY>
      <MissionDescription>TO PROMOTE ECONOMIC DEVELOPMENT IN NORTHWEST ILLINOIS.</MissionDescription>
      <SignificantNewProgramServices>0</SignificantNewProgramServices>
      <SignificantChange>0</SignificantChange>
      <Expense>314150</Expense>
      <Revenue>332970</Revenue>
      <Description>ECONOMIC DEVELOPMENT</Description>
      <TotalProgramServiceExpense>314150</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="RetDoc1039100001">1</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="RetDoc1234500001">1</ScheduleBRequired>
      <PoliticalActivities>0</PoliticalActivities>
      <LobbyingActivities>0</LobbyingActivities>
      <SubjectToProxyTax>0</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="RetDoc1040000001">0</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc1040000001">0</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc1040000001">0</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc1040000001">0</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc1040000001">0</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="RetDoc1040000001">1</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="RetDoc1040000001">0</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="RetDoc1040000001">0</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="RetDoc1040000001">0</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="RetDoc1040000001">0</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="RetDoc1040000001">0</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc1040000001">0</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc1040000001">0</ConsolidatedAuditFinancialStmt>
      <School>0</School>
      <ForeignOffice>0</ForeignOffice>
      <ForeignActivities>0</ForeignActivities>
      <MoreThan5000KToOrganizations>0</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>0</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>0</ProfessionalFundraising>
      <FundraisingActivities>0</FundraisingActivities>
      <Gaming>0</Gaming>
      <Hospital>0</Hospital>
      <GrantsToOrganizations>0</GrantsToOrganizations>
      <GrantsToIndividuals>0</GrantsToIndividuals>
      <ScheduleJRequired>0</ScheduleJRequired>
      <TaxExemptBonds>0</TaxExemptBonds>
      <ExcessBenefitTransaction>0</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>0</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>0</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>0</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>0</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>0</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>0</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>0</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>0</DeductibleContributionsOfArt>
      <Terminated>0</Terminated>
      <PartialLiquidation>0</PartialLiquidation>
      <DisregardedEntity>0</DisregardedEntity>
      <RelatedEntity>0</RelatedEntity>
      <RelatedOrgControlledEntity>0</RelatedOrgControlledEntity>
      <TransfersToExemptNonChrtblOrg>0</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>0</ActivitiesConductedPartnership>
      <ScheduleORequired>1</ScheduleORequired>
      <NumberFormsTransmittedWith1096>2</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>1</ComplianceWithBackupWitholding>
      <NumberOfEmployees>2</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>1</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>0</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>0</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>0</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>0</TaxablePartyNotification>
      <NonDeductibleContributions>0</NonDeductibleContributions>
      <QuidProQuoContributions>0</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>0</Form8282PropertyDisposedOf>
      <IndoorTanningServices>0</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>13</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>13</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>1</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>0</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>0</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>0</MaterialDiversionOrMisuse>
      <MembersOrStockholders>0</MembersOrStockholders>
      <ElectionOfBoardMembers>0</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>0</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>1</MinutesOfGoverningBody>
      <MinutesOfCommittees>1</MinutesOfCommittees>
      <OfficerMailingAddress>0</OfficerMailingAddress>
      <LocalChapters>0</LocalChapters>
      <Form990ProvidedToGoverningBody>1</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>1</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>1</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>1</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>0</WhistleblowerPolicy>
      <DocumentRetentionPolicy>1</DocumentRetentionPolicy>
      <CompensationProcessCEO>1</CompensationProcessCEO>
      <CompensationProcessOther>1</CompensationProcessOther>
      <InvestmentInJointVenture>0</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>IL</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>DOUGLAS C FREIDAG</BusinessNameLine1>
        </NameBusiness>
        <TelephoneNumber>8152331350</TelephoneNumber>
        <AddressUS>
          <AddressLine1>27 W STEPHENSON ST</AddressLine1>
          <City>FREEPORT</City>
          <State>IL</State>
          <ZIPCode>61032</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>MIKE CLARK</NamePerson>
        <Title>CHAIR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MARK WRIGHT</NamePerson>
        <Title>VICE CHAIR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DAN FISHBURN</NamePerson>
        <Title>SECRETARY</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DOUG FREIDAG</NamePerson>
        <Title>TREASURER</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BRIAN STEWART</NamePerson>
        <Title>IMMEDIATE PAST CHAIR</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>GEORGE GAULRAPP</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BILL HADLEY</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MARK WINTER</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>PEGGY WOHLFORD</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>FRITZ KUHLMEIER</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TOM KLEMM</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JEFF MIKKELSEN</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DAVE YOUNG</NamePerson>
        <Title>EXECUTIVE DIRECTOR</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>119329</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>3580</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TESS DAHM</NamePerson>
        <Title>ASSOCIATE DIRECTOR</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>39724</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>1192</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>159053</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>4772</TotalOtherCompensation>
      <NumberIndividualsGT100K>1</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
      <TotalCompGT150K>0</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <NumberOfContractorsGT100K>0</NumberOfContractorsGT100K>
      <GovernmentGrants>200000</GovernmentGrants>
      <AllOtherContributions>132970</AllOtherContributions>
      <TotalContributions>332970</TotalContributions>
      <InvestmentIncome>
        <TotalRevenueColumn>1087</TotalRevenueColumn>
        <ExclusionAmount>1087</ExclusionAmount>
      </InvestmentIncome>
      <GrossRents>
        <Real>27375</Real>
      </GrossRents>
      <LessRentalExpenses>
        <Real>26536</Real>
      </LessRentalExpenses>
      <RentalIncomeOrLoss>
        <Real>839</Real>
      </RentalIncomeOrLoss>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>839</TotalRevenueColumn>
        <ExclusionAmount>839</ExclusionAmount>
      </NetRentalIncomeOrLoss>
      <TotalRevenue>
        <TotalRevenueColumn>334896</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>0</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>1926</ExclusionAmount>
      </TotalRevenue>
      <CompCurrentOfficersDirectors>
        <Total>159053</Total>
        <ProgramServices>159053</ProgramServices>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>5688</Total>
        <ManagementAndGeneral>5688</ManagementAndGeneral>
      </OtherSalariesAndWages>
      <OtherEmployeeBenefits>
        <Total>8367</Total>
        <ProgramServices>8367</ProgramServices>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>9888</Total>
        <ProgramServices>9888</ProgramServices>
      </PayrollTaxes>
      <FeesForServicesAccounting>
        <Total>10180</Total>
        <ManagementAndGeneral>10180</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <OfficeExpenses>
        <Total>4163</Total>
        <ManagementAndGeneral>4163</ManagementAndGeneral>
      </OfficeExpenses>
      <Occupancy>
        <Total>16898</Total>
        <ProgramServices>16898</ProgramServices>
      </Occupancy>
      <Travel>
        <Total>6185</Total>
        <ProgramServices>6185</ProgramServices>
      </Travel>
      <ConferencesMeetings>
        <Total>920</Total>
        <ProgramServices>920</ProgramServices>
      </ConferencesMeetings>
      <Interest>
        <Total>680</Total>
        <ManagementAndGeneral>680</ManagementAndGeneral>
      </Interest>
      <DepreciationDepletion>
        <Total>9867</Total>
        <ProgramServices>9867</ProgramServices>
      </DepreciationDepletion>
      <Insurance>
        <Total>1612</Total>
        <ManagementAndGeneral>1612</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>BUSINESS DEVELOPMENT</Description>
        <Total>102972</Total>
        <ProgramServices>102972</ProgramServices>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>336473</Total>
        <ProgramServices>314150</ProgramServices>
        <ManagementAndGeneral>22323</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>51586</BOY>
        <EOY>45033</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>157918</BOY>
        <EOY>159005</EOY>
      </SavingsAndTempCashInvestments>
      <AccountsReceivable>
        <BOY>8102</BOY>
        <EOY>58842</EOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <EOY>500</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>228107</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>82477</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>155498</BOY>
        <EOY>145630</EOY>
      </LandBuildingsEquipmentBasisNet>
      <TotalAssets>
        <BOY>373104</BOY>
        <EOY>409010</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>58682</BOY>
        <EOY>70585</EOY>
      </AccountsPayableAccruedExpenses>
      <MortNotesPyblSecuredInvestProp>
        <BOY>26000</BOY>
        <EOY>59984</EOY>
      </MortNotesPyblSecuredInvestProp>
      <UnsecuredNotesLoansPayable>
        <BOY>102020</BOY>
        <EOY>93616</EOY>
      </UnsecuredNotesLoansPayable>
      <TotalLiabilities>
        <BOY>186702</BOY>
        <EOY>224185</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>174414</BOY>
        <EOY>168323</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>11988</BOY>
        <EOY>16502</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>186402</BOY>
        <EOY>184825</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>373104</BOY>
        <EOY>409010</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-1577</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementBoth>X</FinancialStatementBoth>
      </FSAuditedBasis>
      <AuditCommittee>1</AuditCommittee>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>352505</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>303500</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>186505</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>286752</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>335335</CurrentTaxYear>
        <Total>1464597</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>352505</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>303500</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>186505</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>286752</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>335335</CurrentTaxYear>
        <Total>1464597</Total>
      </Total170>
      <PublicSupportTotal170>1464597</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>227060</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>65012</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>32331</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>35862</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>28462</CurrentTaxYear>
        <Total>388727</Total>
      </GrossInvestmentIncome170>
      <TotalSupport>1853324</TotalSupport>
      <PublicSupportPertcentage170>0.79030</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.78280</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <Land>
        <InvestmentCostOrOtherBasis>59077</InvestmentCostOrOtherBasis>
        <BookValue>59077</BookValue>
      </Land>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>101135</OtherCostOrOtherBasis>
        <Depreciation>34790</Depreciation>
        <BookValue>66345</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>67895</OtherCostOrOtherBasis>
        <Depreciation>47687</Depreciation>
        <BookValue>20208</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>145630</TotalOfBookValueLandBuildings>
      <TotRevenueEtcAuditedFinclStmt>361432</TotRevenueEtcAuditedFinclStmt>
      <OtherRevenues>26536</OtherRevenues>
      <RevenueNotRptdF990>26536</RevenueNotRptdF990>
      <RevenueSubtotal>334896</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>334896</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>363009</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>26536</OtherExpensesIncluded>
      <ExpensesNotRptdF990>26536</ExpensesNotRptdF990>
      <ExpensesSubtotal>336473</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>336473</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>PART XI, LINE 2D - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>RENTAL EXPENSES</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>PART XII, LINE 2D - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>RENTAL EXPENSES</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 2</ReturnReference>
        <Explanation>RELATED PARTY INFORMATION AMONG OFFICERS - STEPHENSON COUNTY BOARD CHAIRMAN AND DIRECTOR. CITY OF FREEPORT MAYOR AND ALDERMAN.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>ORGANIZATION'S PROCESS TO REVIEW FORM 990. THE FORM 990 IS REVIEWED AS PART OF THE FINANCIAL REPORT AT THE BOARD OF DIRECTORS MEETING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>ENFORCEMENT OF CONFLICTS POLICY MONITORING OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS DONE AT THE TIME THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>COMPENSATION PROCESS FOR TOP OFFICIAL AND OFFICERS - COMPENSATION IS BASED ON DATA THAT IS GATHERED FROM COMPARABLE ORGANIZATIONS AND REVIEWED BY THE EXECUTIVE COMMITTEE ACTING AS THE COMPENSATION COMMITTEE AND THEN APPROVED BY THE BOARD OF DIRECTORS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>ENFORCEMENT OF CONFLICTS POLICY MONITORING OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS DONE AT THE TIME THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>