Illinois Science And Technology Coalition
- Assets
- $619.3k
- Revenue
- $281.1k
- Investments
- $0.0
- Employees
- 15
- Location
- Chicago, IL
- Founding
- 08/2009
- Data as of
- 06/2022
- EIN
- 35-2334171
Organization Overview
Illinois Science And Technology Coalition is located in Chicago, IL. The organization was established in 2009. 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. As of 06/2022, Illinois Science And Technology Coalition employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Science And Technology Coalition 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 06/2022, Illinois Science And Technology Coalition generated $281.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.8%) each year. All expenses for the organization totaled $325.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (17.9%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE AWARENESS AND INCREASE RESOURCES FOR ILLINOIS BASED RESEARCH AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND DEVELOPMENT OUTREACH ADVOCACY AND STRATEGIC PLANNING.
RESEARCH AND DEVELOPMENT OUTREACH ADVOCACY AND STRATEGIC PLANNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Apenzeller Board Chair | OfficerTrustee | 1 | $0 |
James Gillespie Director | Trustee | 1 | $0 |
Tj Augustine Director | Trustee | 1 | $0 |
Jerry Blazey Director | Trustee | 1 | $0 |
Jim Bray Director | Trustee | 1 | $0 |
Geoff Curtis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,260 |
| Total Program Service Revenue | $156,083 |
| Investment income | $9,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,227 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $281,070 |
| 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 | $163,953 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,620 |
| Payroll taxes | $11,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,827 |
| Fees for services: Other | $32,308 |
| Advertising and promotion | $881 |
| Office expenses | $1,351 |
| Information technology | $2,474 |
| Royalties | $0 |
| Occupancy | $27,793 |
| Travel | $1,268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $532 |
| Interest | $396 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,675 |
| Total functional expenses | $325,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,982 |
| Savings and temporary cash investments | $136,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,677 |
| 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 | $6,675 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $334,484 |
| Total assets | $619,322 |
| Accounts payable and accrued expenses | $59,860 |
| Grants payable | $0 |
| Deferred revenue | $59,216 |
| 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 | $119,076 |
| Net assets without donor restrictions | $500,246 |
| 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 | $619,322 |