Transportation For Illinois Coalition Nfp
- Assets
- $397.1k
- Revenue
- $246.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 05/2005
- Data as of
- 12/2023
- EIN
- 35-2251022
Organization Overview
Transportation For Illinois Coalition Nfp is located in Springfield, IL. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transportation For Illinois Coalition Nfp is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Transportation For Illinois Coalition Nfp generated $246.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $229.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRANSPORTATION FOR ILLINOIS COALITION (TFIC) EXISTS TO BE THE RECOGNIZED AUTHORITY AND UNIFYING VOICE FOR TRANSPORTATION INVESTMENTS IN ILLINOIS, AND WORKS TO PROMOTE AND ADVANCE TRANSPORTATION INFRASTRUCTURE INVESTMENT THROUGH EDUCATION AND OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT FEES - A PORTION OF THE MANAGEMENT FIRM'S EXPENSES WERE TO EFFECTIVELY COMMUNICATE TO THE PUBLIC ABOUT THE IMPORTANCE OF TRANSPORTATION BY USING THEIR EXPERTISE AND UNDERSTANDING THAT COVER PUBLIC POLICY AND OTHER ISSUES.
OTHER - TFIC RELIES ON THE SUBSTANTIVE EXPERTISE OF A TRANSPORTATION POLICY ANALYST TO INFORM THE PUBLIC OF THE COALITION'S WORK, SUCH AS HELPING PREPARE AND GIVE NUMEROUS PRESENTATIONS TO MEMBER ORGANIZATIONS AND COMMUNITY GROUPS. TFIC ALSO HIRED AN OUTSIDE FIRM TO HELP THE COALITION EFFECTIVELY COMMUNICATE TO THE PUBLIC THROUGH MEDIA COVERAGE ABOUT THE IMPORTANCE OF TRANSPORTATION.
CONFERENCES & MEETINGS - TFIC HELD AN ANNUAL CONFERENCE TO EDUCATE OUR MEMBERS AND OTHER INTERESTED PARTIES ABOUT KEY TRANSPORTATION INVESTMENT ISSUES, INCLUDING FEDERAL TRANSPORTATION AUTHORIZATION, REVENUE SOURCES FOR TRANSPORTATION INVESTMENT, STRENGTHS AND WEAKNESSES AND THEIR IMPACT ON NEW IDEAS FOR FUNDING TRANSPORTATION, INCLUDING PUBLIC-PRIVATE PARTNERSHIPS AND BOND BANKS, TRANSPORTATION PLANNING FOR THE NEXT SEVERAL YEARS, AND OTHER SIGNIFICANT ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Burke III Co-Chair | OfficerTrustee | 5 | $0 |
Patrick Hosty Co-Chair | OfficerTrustee | 5 | $0 |
David Beard Vice-Chair | OfficerTrustee | 5 | $0 |
Dane Simpson Secretary | OfficerTrustee | 5 | $0 |
Dan Eichholz Treasurer | OfficerTrustee | 5 | $0 |
Kevin Artl Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,250 |
| Total Program Service Revenue | $245,336 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $135,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,252 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $725 |
| All other expenses | $0 |
| Total functional expenses | $229,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,296 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $237,775 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $397,071 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $236,875 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $236,875 |
| Net assets without donor restrictions | $160,196 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $397,071 |