Applied Strategies International Ltd
- Assets
- $970.5k
- Revenue
- $835.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 05/1985
- Data as of
- 12/2023
- EIN
- 36-3206563
Organization Overview
Applied Strategies International Ltd is located in Chicago, IL. The organization was established in 1985. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Applied Strategies International Ltd employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Applied Strategies International Ltd 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 12/2023, Applied Strategies International Ltd generated $835.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $834.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 9 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
ADMINISTER FEDERAL TAAF (TRADE ADJUSTMENT ASSISTANCE FOR FIRMS) GRANT FOR THE US (SEE SCH O) DEPARTMENT OF COMMERCE, ECONOMIC DEVELOPMENT ADMINISTRATION, IN ILLINOIS, MINNESOTA, AND WISCONSIN. ALL ACTIVITIES ARE RELATED TO TAAF GRANT ADMINISTRATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL ASSISTANCE IN THE FORM OF IMPLEMENTATION PROJECTS COMPLETED BY OUTSIDE CONSULTANTS ON BEHALF OF QUALIFIED MANUFACTURERS PAID FOR BY THE GRANT BASED ON MATCHING REQUIREMENTS.
ALL OTHER ASPECTS OF ASI GRANT ADMINISTRATION SUCH AS OPERATIONS, REPORTING AND COMPLIANCE.
ASSISTANCE BY ASI IN CLIENT PROJECT IMPLEMENTATION INCLUDING PLAN REVIEW, QUOTES REVIEW, COMPLIANCE REQUIREMENTS AND PURCHASE ORDER ISSUANCE, PROJECT MILESTONE REVIEW, MATCHING CLIENT PAYMENT VERIFICATION AND PAYMENT OF COMPLETED PROJECT USING GRANT FUNDS.
ASSISTANCE IN FINDING AND QUALIFYING MANUFACTURERS FOR TAAF GRANT FOLLOWING GRANT REQUIREMENTS, COMPLETION AND SUBMISSION OF GRANT PETITION PAPERWORK WITH ACCOMPANYING DOCUMENTATION, COMPLETION OF BUSINESS PLAN OPERATIONAL AND FINANCIAL ANALYSIS, DRAFTING AND SUBMISSION OF GRANT-SPECIFIC RECOVERY PLAN WITH SUPPORTING DOCUMENTATION. COMPLIANCE AND LEGAL REQUIREMENTS OF LEGISLATION IN BOTH PETITION AND PLAN PREPARATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Zimolzak President/treasurer | OfficerTrustee | 37.5 | $189,536 |
Alan Wilensky Chairman Of The Board | Trustee | 1 | $0 |
James Gillmeister Director | Trustee | 1 | $0 |
Jack Dye Assistant Director | Officer | 37.5 | $166,762 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $831,186 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $831,186 |
| Total Program Service Revenue | $3,340 |
| Investment income | $852 |
| 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 | $835,378 |
| 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. | $358,273 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $80,611 |
| Other employee benefits | $48,782 |
| Payroll taxes | $25,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,291 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $264 |
| Information technology | $5,593 |
| Royalties | $0 |
| Occupancy | $41,580 |
| Travel | $3,644 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,080 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,729 |
| All other expenses | $0 |
| Total functional expenses | $834,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,565 |
| Savings and temporary cash investments | $58,695 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $9,123 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $831,083 |
| Total assets | $970,466 |
| Accounts payable and accrued expenses | $296,010 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $296,010 |
| Net assets without donor restrictions | $674,456 |
| 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 | $970,466 |