Heartland Science And Technology Group
- Assets
- $604.6k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Champaign, IL
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-2272542
Organization Overview
Heartland Science And Technology Group is located in Champaign, IL. The organization was established in 2015. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Heartland Science And Technology Group employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Science And Technology Group 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, Heartland Science And Technology Group generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.2% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 19.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOLVING TECHNICAL CHALLENGES OF NATIONAL, LOCAL, AND PUBLIC INTEREST BY ENGAGING IN SCIENTIFIC RESEARCH AND ENGINEERING DEVELOPMENT FOR THE BENEFIT OF THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SOLUTIONS TO TECHNICAL AND SCIENTIFIC CHALLENGES FOR COMMERCIAL, GOVERNMENTAL AND NOT-FOR-PROFIT ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen R Salo President | OfficerTrustee | 40 | $412,405 |
Richard Fleming Employee | Officer | 40 | $171,742 |
Andrew Mcclintick Employee | Officer | 40 | $158,829 |
James N Bower Jr Board Member | Trustee | 1 | $2,000 |
Michael Folk Board Member | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,416,418 |
| Investment income | $126 |
| 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 | $1,416,544 |
| 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. | $703,254 |
| Compensation of current officers, directors, key employees. | $136,062 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,031 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $52,686 |
| Fees for services: Management | $21,687 |
| Fees for services: Legal | $4,620 |
| Fees for services: Accounting | $13,735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,757 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $775 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,763 |
| Insurance | $3,704 |
| All other expenses | $791 |
| Total functional expenses | $1,029,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $479,283 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $117,677 |
| 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 | $7,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $604,593 |
| Accounts payable and accrued expenses | $75,461 |
| 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 | $235,975 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $311,436 |
| 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 | $293,157 |
| Total liabilities and net assets/fund balances | $604,593 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heartland Science And Technology Group has recieved totaling $171,873.
| Awarding Organization | Amount |
|---|---|
Ui Labs Chicago, IL PURPOSE: RESEARCH AND DEVELOPMENT | $171,873 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clark Richardson And Biskup Consulting Engineers Inc Health Pl Kansas City, MO | $3,940,504 | $14,137,638 |
Battery Innovation Center Institute Inc Newberry, IN | $9,971,672 | $4,855,829 |
Additive Manufacturing Users Group Inc Milwaukee, WI | $3,328,250 | $3,683,925 |
Center For Emerging Technologies St Louis, MO | $9,044,689 | $2,098,435 |
Association For High Techology Distribution Waukesha, WI | $1,589,704 | $1,298,260 |
Midwest Energy Research Consortium Inc Milwaukee, WI | $2,074,471 | $1,456,728 |
Business Technology Association Kansas City, MO | $9,203,814 | $1,270,035 |
Heartland Science And Technology Group Champaign, IL | $604,593 | $1,416,544 |
Applied Science And Technology Research Organization Of Americs Rock Island, IL | $337,923 | $928,326 |
Technology Association Of Grantmakers Inc Chicago, IL | $872,956 | $756,276 |
Drone Port Of Kentucky Inc Hazard, KY | $48,099 | $0 |
Center For Computing And Robotics Inc Lexington, KY | $16,192 | $0 |