Illinois Fiscal Policy Council
- Assets
- $42.7k
- Revenue
- $19.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 01/1982
- Data as of
- 12/2021
- EIN
- 37-1107086
Organization Overview
Illinois Fiscal Policy Council is located in Springfield, IL. The organization was established in 1982. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Fiscal Policy Council 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 12/2021, Illinois Fiscal Policy Council generated $19.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $15.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Thomas Johnson Director | 1 | $0 | |
Harry Bond Director | 1 | $0 | |
Cordelia Meyer Director | 1 | $0 | |
Therese Mcguire Director | 1 | $0 | |
Joan A Parker Director | 1 | $0 | |
J Robert Barr Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,750 |
| Interest on Savings | $97 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $15,051 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $15,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,961 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,750 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,711 |
| Accounts payable and accrued expenses | $12,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Illinois Fiscal Policy Council has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Commercial Club Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Policy Forum Inc Milwaukee, WI | $8,085,862 | $1,834,304 |
Truth In Accounting Glencoe, IL | $201,511 | $951,588 |
Wirepoints Corp Wilmette, IL | $737,878 | $709,315 |
Gfoa Endowment Corporation Chicago, IL | $33,873,362 | $530,527 |
John K Maciver Institute For Public Policy Inc Madison, WI | $395,001 | $497,700 |
Iowa Taxpayers Association Des Moines, IA | $404,736 | $328,664 |
Pharmacy Agent Corporation Jefferson City, MO | $27,152,130 | $686,100 |
United For Missouris Future Jefferson City, MO | $24,232 | $0 |
Indiana Fiscal Policy Institute Inc Indianapolis, IN | $73,364 | $42,146 |
National Taxpayers United Of Illinois Chicago, IL | $8,908 | $0 |
Taxpayers Association Of Central Iowa Des Moines, IA | $101,183 | $0 |
Munibuy Te Robbins Corp Chicago, IL | $1,401,106 | $60,341 |