Defense Industry Initiative On Business Ethics & Conduct
- Assets
- $1.1m
- Revenue
- $351.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1988
- Data as of
- 09/2021
- EIN
- 52-1559147
Organization Overview
Defense Industry Initiative On Business Ethics & Conduct is located in Chicago, IL. The organization was established in 1988. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Defense Industry Initiative On Business Ethics & Conduct is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, Defense Industry Initiative On Business Ethics & Conduct generated $351.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $162.2k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (18.7%) per year over the past 6 years. 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
TO PROMOTE SOUND MANAGEMENT PRACTICES, TO ENSURE THAT COMPANIES WERE IN COMPLIANCE WITH COMPLEX REGULATIONS, AND TO RESTORE PUBLIC CONFIDENCE IN THE DEFENSE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEFENSE INDUSTRY INITIATIVE BEST PRACTICE FORUM, AN ETHICS SEMINAR.
EXPENSES GO TO ARRANGE MEETINGS AND OTHER PROGRAMS; MAINTAIN AN INFORMATION CLEARINGHOUSE AND WEBSITE; BE THE PRINCIPAL LIAISON WITH OTHER DEFENSE ORGANIZATIONS; AND ENCOURAGE NEW MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott C Donnelly Steering Committee Member | Officer | 0 | $0 |
Nazzic Keene Steering Committee Member | Officer | 0 | $0 |
Leanne Caret Steering Committee Member | Officer | 0 | $0 |
James Taiclet Steering Committee Member | Officer | 0 | $0 |
Maria Hubbard Working Group Member | Officer | 2 | $0 |
Kathy Warden Steering Committee Member | Officer | 0 | $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 | $351,708 |
| Investment income | $107 |
| 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 | $351,815 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,996 |
| Advertising and promotion | $0 |
| Office expenses | $1,487 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $162,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,064,245 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000 |
| 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 | $1,067,245 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $28,480 |
| 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 | $28,480 |
| Net assets without donor restrictions | $1,012,070 |
| Net assets with donor restrictions | $26,695 |
| 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 | $1,067,245 |
Peer Organizations
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|---|---|---|
Metals Service Center Institute Rolling Meadows, IL | $26,582,300 | $7,361,325 |
City Tech Collaborative Highland Park, IL | $367,085 | $1,231,737 |
Uwm Research Foundation Inc Milwaukee, WI | $4,481,641 | $1,769,513 |
Financial Services Stakeholder Project Chicago, IL | $1,578,131 | $1,949,382 |
Research Chefs Association Chicago, IL | $110,877 | $1,171,129 |
Bi-State Development Research Institute St Louis, MO | $0 | $23,375 |
Defense Industry Initiative On Business Ethics & Conduct Chicago, IL | $1,067,245 | $351,815 |
Chicago Blend Group Chicago, IL | $33,894 | $126,227 |
Black Researchers Collective Chicago, IL | $184,644 | $286,245 |
Quad City Manufacturing Laboratory Rock Island, IL | $132,811 | $106,988 |
Whiteman Area Leadership Council Warrensburg, MO | $52,868 | $0 |
Legatus Milwaukee, WI | $60,631 | $0 |