Illinois Policy Institute
- Assets
- $2.8m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2003
- Data as of
- 12/2022
- EIN
- 41-2057028
Organization Overview
Illinois Policy Institute is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, 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 Policy Institute 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 12/2022, Illinois Policy Institute generated $5.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $7.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Illinois Policy Institute has awarded 34 individual grants totaling $13,455,237. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE IS A FREE MARKET ORIENTED THINK TANK DEDICATED TO GATHERING, DISSEMINATING, AND EDUCATING ILLINOIS CONSTITUENTS ON LOCAL, STATE, AND FEDERAL PUBLIC POLICY ISSUES FACING ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ILLINOIS POLICY INSTITUTE CONDUCTS RESEARCH ON A VARIETY OF ISSUES, INCLUDING FISCAL MATTERS, EDUCATION POLICY, AND GOVERNMENT REFORM. THE INSTITUTE SHARES ITS FINDINGS WITH RELEVANT AUDIENCES VIA POLICY PAPERS, MEDIA APPEARANCES, SPEAKING ENGAGEMENTS, AND OTHER PUBLIC FORUMS. ALL OF HE INSTITUTE'S RESEARCH IS DESIGNED TO BETTER EDUCATE AND BENEFIT ILLINOIS RESIDENS, TAXPAYERS, MEDIA, AND GOVERNMENT OFFICIALS ON THE POLICIES CONFRONTING ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Tillman Chairman | OfficerTrustee | 5 | $0 |
Mark Miller Secretary | OfficerTrustee | 1 | $0 |
Art Margulis Treasurer | OfficerTrustee | 1 | $0 |
Sherry Street Director | Trustee | 1 | $0 |
Sara Albrecht Director | Trustee | 1 | $0 |
Ed Bachrach Vice Chairman | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Personalized Marketing Communications Marketing And Promotion | 12/30/22 | $176,128 |
Bearing Tree Administrative, Development, And Strateg | 12/30/22 | $1,439,877 |
Iron Light Inc Marketing And Promotion | 12/30/22 | $892,000 |
Every Door Direct Media Marketing | 12/30/22 | $232,627 |
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 | $5,276,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,276,788 |
| Total Program Service Revenue | $0 |
| Investment income | $316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,688 |
| 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 | $5,289,743 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $995,000 |
| 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. | $257,447 |
| Compensation of current officers, directors, key employees. | $12,872 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,531,725 |
| Pension plan accruals and contributions | $41,438 |
| Other employee benefits | $127,309 |
| Payroll taxes | $120,511 |
| Fees for services: Management | $1,380,050 |
| Fees for services: Legal | $82,678 |
| Fees for services: Accounting | $24,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,229,250 |
| Advertising and promotion | $38,260 |
| Office expenses | $689,478 |
| Information technology | $175,389 |
| Royalties | $0 |
| Occupancy | $182,548 |
| Travel | $85,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,367 |
| Interest | $78 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,707 |
| Insurance | $14,049 |
| All other expenses | $0 |
| Total functional expenses | $7,796,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,597 |
| Savings and temporary cash investments | $2,091 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $144,295 |
| 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 | $17,789 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,505,407 |
| Total assets | $2,835,179 |
| Accounts payable and accrued expenses | $157,520 |
| 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 | $1,321,171 |
| Total liabilities | $1,478,691 |
| Net assets without donor restrictions | $1,293,894 |
| Net assets with donor restrictions | $62,594 |
| 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 | $2,835,179 |
Grants Awarded
Over the last fiscal year, Illinois Policy Institute has awarded $4,168,194 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DONORS TRUST PURPOSE: GRANT TO OTHER ORGANIZATION THAT SHARES THE SAME PRINCIPLES AS THE INSTITUTE | $1,455,000 |
BRADLEY IMPACT FUND PURPOSE: GRANT TO OTHER ORGANIZATION THAT SHARES THE SAME PRINCIPLES AS THE INSTITUTE | $2,700,000 |
AMERICAN CULTURE FOUNDATION PURPOSE: GRANT TO FURTHER THE ORGANIZATION'S MISSION OF JUSTICE REFORM | $13,194 |