Area Research Co
- Assets
- $13.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 45-3739543
Organization Overview
Area Research Co is located in Chicago, IL. The organization was established in 2013. According to its NTEE Classification (L05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Area Research Co 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, Area Research Co generated $32.5k 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 (24.9%) each year. All expenses for the organization totaled $20.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (29.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE COMPANY IS CHARGED WITH PROCURRING FUNDING FOR RESEARCH THAT RESULTS IN THE PRODUCTION OF PEER REVIEWED, PUBLISHABLE INFORMATION WHICH WILL BE MADE AVAILABLE TO THE INTERESTED PUBLIC THROUGH RESEARCH PUBLICATIONS, RESEARCH JOURNALS, PROFESSIONAL PUBLICATIONS, CONFERENCES AND OTHER CONVENTIONAL OUTLETS. THE INFORMATION PRODUCED BY THE COMPANY'S RESEARCH WILL BE PUBLIC AND WILL FOLLOW STANDARD RESEARCH PROTOCOLS. THE COMPANY WILL PARTNER WITH OTHER RESEARCH ORGANIZATIONS IN THE PURSUIT OF FUNDING FOR RESEARCH AND THE EXECUTION OF THE RESEACH PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Haymaker Director | 1 | $0 | |
Philip Harrison President | 5 | $0 | |
Dana Waymire Treasurer | 1 | $0 | |
Brodie Stephens Secretary | 1 | $0 | |
David Green Chief Executive Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,493 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $32,493 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $19,275 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $910 |
| Total expenses | $20,185 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,752 |
| Other assets | $0 |
| Total assets | $13,752 |
| Total liabilities | $3,190 |
| Net assets or fund balances | $10,562 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manufactured Housing Institute Arlington, VA | $8,789,022 | $5,319,106 |
Nwfa Education & Research Foundation Chesterfield, MO | $474,584 | $590,872 |
Missouri Manufactured Housing Institute Inc Jefferson City, MO | $721,462 | $350,219 |
Kentucky Manufactured Housing Institute Frankfort, KY | $1,764,189 | $471,106 |
Construction Specifications Institute Foundation Inc Alexandria, VA | $645,321 | $104,674 |