Chicago Inventors Organization
- Assets
- $30.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/2004
- Data as of
- 06/2021
- EIN
- 20-0971520
Organization Overview
Chicago Inventors Organization is located in Chicago, IL. The organization was established in 2004. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Inventors Organization is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Chicago Inventors Organization generated $53.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $29.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
CIO FY 7/1/2020 - 6/30/2021 2021 PERFORMANCE OUTCOMES FOR MEMBERS AND PROGRAM PARTICIPANTS. 1. FIVE HUNDRED+ ATTENDEES AT SEMINARS AND CONFERENCE 2. TWENTY+ PATENTS 3. TEN+ PATENTS PENDING 4. THREE TRADEMARKS 5. TWOCOPYRIGHTS 6. TWENTY+ COMPUTER ASSISTED DESIGNS (CAD) 7. THIRTY+ PROTOTYPES 8. FIVE BUSINESS FORMATIONS 9. NINE MANUFACTURING INVENTORY RUNS 10 THREE LICENSING AGREEMENT DEALS 11. SIX PENDING LICENSING AGREEMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Flowers President | 30 | $0 | |
Adam Kelly Board Member | 0 | $0 | |
Thomas Kuczmarski Board Member | 0 | $0 | |
Charis Marquez Board Member | 0 | $0 | |
Dennis Daniels Vice President | 25 | $0 | |
Jennifer Turner Treasurer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,354 |
| Total Program Service Revenue | $2,313 |
| Membership dues | $23,920 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $59 |
| Total Revenue | $53,646 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $11,928 |
| Printing, publications, postage, and shipping | $12 |
| Other expenses | $17,740 |
| Total expenses | $29,680 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,857 |
| Other assets | $0 |
| Total assets | $30,905 |
| Total liabilities | $11,283 |
| Net assets or fund balances | $19,622 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chicago Inventors Organization has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Chicago Innovation Foundation Chicago, IL PURPOSE: PROVIDES RESOURCES TO INVENTORS IN NAVIGATING THE COMPLEX INVENTION PROCESS TO CREATE MARKETABLE PRODUCTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
School Smart Kc Inc Kansas City, MO | $7,202,506 | $7,640,451 |
Illinois Cpa Society Chicago, IL | $13,009,574 | $9,942,006 |
Bowling Green Warren County Primary Care Center Inc Bowling Green, KY | $15,935,520 | $7,530,325 |
Chicago Bar Foundation Chicago, IL | $2,729,689 | $8,402,012 |
City Garden Montessori School St Louis, MO | $12,889,488 | $6,696,246 |
Peoria Charter School Initiative Co Peoria, IL | $5,778,002 | $7,687,144 |
Cns International Ministries Inc Bethel, MO | $18,863,964 | $6,038,250 |
Iowa Association For The Education Of Young Children Inc Urbandale, IA | $815,186 | $7,200,490 |
American Academy Of Art Inc Chicago, IL | $17,980,705 | $6,234,752 |
Northern Kentucky Cooperative For Educational Services Cold Spring, KY | $3,770,107 | $6,540,936 |
Jewish Community Center Association Of Indianapolis Incorporated Indianapolis, IN | $4,270,447 | $7,644,985 |