Illinois Economic Policy Institute
- Assets
- $542.3k
- Revenue
- $872.8k
- Investments
- $0.0
- Employees
- 7
- Location
- La Grange, IL
- Founding
- 09/2014
- Data as of
- 05/2022
- EIN
- 46-3360695
Organization Overview
Illinois Economic Policy Institute is located in La Grange, IL. The organization was established in 2014. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 05/2022, Illinois Economic Policy Institute employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Economic Policy Institute is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 05/2022, Illinois Economic Policy Institute generated $872.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $649.4k during the year ending 05/2022. While expenses have increased by 20.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE ILLINOIS ECONOMIC POLICY INSTITUTE (ILEPI) SUPPORTS RESEARCH AND PROVIDES TIMELY, CANDID, AND DYNAMIC ANALYSIS ON MAJOR SUBJECTS AFFECTING THE CONSTRUCTION INDUSTRY TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF COMMUNITIES IN MIDWEST STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ILLINOIS ECONOMIC POLICY INSTITUTE (ILEPI) SUPPORTS RESEARCH AND PROVIDES TIMELY, CANDID, AND DYNAMIC ANALYSIS ON MAJOR SUBJECTS AFFECTING THE CONSTRUCTION INDUSTRY TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF COMMUNITIES IN MIDWEST STATES.
TO PREVENT THE FEDERAL AID SWAP PROGRAM PROTECTING LOCAL WORKERS AND THE QUAD CITIES ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Manzo Policy Director | 40 | $130,061 | |
James Sweeney Director | Trustee | 1 | $0 |
Marc Poulos Director | Trustee | 1 | $0 |
Deshana Forney Director | Trustee | 1 | $0 |
Joseph Benson Director | Trustee | 1 | $0 |
Robert Bruno Director | Trustee | 1 | $0 |
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 | $663,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $663,500 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $209,274 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $872,817 |
| 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. | $130,061 |
| Compensation of current officers, directors, key employees. | $48,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,532 |
| Pension plan accruals and contributions | $163,683 |
| Other employee benefits | $92,745 |
| Payroll taxes | $25,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,544 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $3,336 |
| Royalties | $0 |
| Occupancy | $7,850 |
| Travel | $1,430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $255 |
| Insurance | $7,550 |
| All other expenses | $767 |
| Total functional expenses | $649,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,288 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $542,288 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $542,288 |
| Total liabilities and net assets/fund balances | $542,288 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Illinois Economic Policy Institute has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Fight Back Fund Countryside, IL PURPOSE: GENERAL EDUCATION | $150,000 |
American Federation Of Labor & Congress Of Industrial Orgs Chicago, IL PURPOSE: GENERAL CONTRIBUTION OF SUPPORT | $15,000 |
Labor-Management Union Carpentry Cooperation Promotion Fund Chicago, IL PURPOSE: GENERAL SUPPORT | $15,000 |
Laborers International Union Of North America Burr Ridge, IL PURPOSE: GENERAL SUPPORT | $10,000 |
American Federation Of Labor & Congress Of Industrial Orgs Springfield, IL PURPOSE: DONATION TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iec Hotel Corporation West Des Moines, IA | $103,529,195 | $16,531,928 |
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
The Center Of Workforce Innovations Inc Valparaiso, IN | $2,958,255 | $14,608,336 |
Black Hawk County Gaming Assoc Waterloo, IA | $18,246,475 | $5,898,126 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
West Central Indiana Economic Development District Inc Terre Haute, IN | $2,629,970 | $4,624,225 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Evansville Vanderburgh County Convention & Visitors Bureau Inc Evansville, IN | $5,490,585 | $3,551,749 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Far South Cdc Chicago, IL | $4,303,074 | $2,694,787 |
Northwest Side Community Development Corporation Milwaukee, WI | $11,140,702 | $4,254,876 |