Civic Intelligence

Illinois Equine Industry Research

EIN 20-0473308 • 501(c)6 • Chatham, IL

Profile

The board is authorized by the state of illinois to levy and collect an assessment on horse feed. The board then disburses the funds to grantees for the purpose of enhancing the illinois equine industry through research, education and promotions for the purpose of developing equine programs.

106 Lilac LaneChatham, IL 62629

www.iepb.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

50th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

53rd percentile

2.0%

Higher net margin than 53% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

55th percentile

1.0%

Faster asset growth than 55% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

34th percentile

-8.5%

Faster revenue growth than 34% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$166,908

Down $2,840 (-1.7%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$166,908

Down $2,840 (-1.7%) from 2024

Revenue

Up

$79,822

Up $10,659 (+15%) from 2024

Expenses

Up

$82,658

Up $9,391 (+13%) from 2024

Net Income

Up

-$2,836

Up $1,268 (+31%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2011: $47,271Net Assets 2011: $47,2712011Assets 2012: $63,314Net Assets 2012: $63,3142012Assets 2013: $53,397Net Assets 2013: $53,3972013Assets 2014: $68,460Net Assets 2014: $68,4602014Assets 2015: $55,929Net Assets 2015: $55,9292015Assets 2016: $55,953Net Assets 2016: $55,9532016Assets 2017: $70,313Net Assets 2017: $70,3132017Assets 2018: $85,879Net Assets 2018: $85,8792018Assets 2019: $96,971Net Assets 2019: $96,9712019Assets 2020: $145,989Net Assets 2020: $145,9892020Assets 2021: $159,392Net Assets 2021: $159,3922021Assets 2022: $172,116Net Assets 2022: $172,1162022Assets 2023: $173,862Net Assets 2023: $173,8622023Assets 2024: $169,748Net Assets 2024: $169,7482024Assets 2025: $166,908Net Assets 2025: $166,9082025

Highlighted filing

2025

Assets$166,908
Liabilities-
Net Assets$166,908

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2011: $81,651Expenses 2011: $101,787Net Income 2011: -$20,1362011Revenue 2012: $79,410Expenses 2012: $63,367Net Income 2012: $16,0432012Revenue 2013: $68,523Expenses 2013: $78,440Net Income 2013: -$9,9172013Revenue 2014: $77,920Expenses 2014: $62,857Net Income 2014: $15,0632014Revenue 2015: $63,745Expenses 2015: $76,276Net Income 2015: -$12,5312015Revenue 2016: $69,122Expenses 2016: $69,098Net Income 2016: $242016Revenue 2017: $69,583Expenses 2017: $55,223Net Income 2017: $14,3602017Revenue 2018: $89,129Expenses 2018: $73,563Net Income 2018: $15,5662018Revenue 2019: $91,771Expenses 2019: $80,680Net Income 2019: $11,0912019Revenue 2020: $98,327Expenses 2020: $49,309Net Income 2020: $49,0182020Revenue 2021: $100,760Expenses 2021: $87,357Net Income 2021: $13,4032021Revenue 2022: $93,279Expenses 2022: $80,554Net Income 2022: $12,7252022Revenue 2023: $85,386Expenses 2023: $83,640Net Income 2023: $1,7462023Revenue 2024: $69,163Expenses 2024: $73,267Net Income 2024: -$4,1042024Revenue 2025: $79,822Expenses 2025: $82,658Net Income 2025: -$2,8362025

Highlighted filing

2025

Revenue$79,822
Expenses$82,658
Net Income-$2,836

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.67$1.67$0.80$0.83$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.70$1.70$0.69$0.73$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.74$1.74$0.85$0.84$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.72$1.72$0.93$0.81$0.13
2021Detailed filing. Detailed filing data is available for this year.$1.59$1.59$1.01$0.87$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.46$1.46$0.98$0.49$0.49
2019Detailed filing. Detailed filing data is available for this year.$0.97$0.97$0.92$0.81$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.86$0.86$0.89$0.74$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.70$0.70$0.70$0.55$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.56$0.69$0.69$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.56$0.64$0.76$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.68$0.68$0.78$0.63$0.15
2013Detailed filing. Detailed filing data is available for this year.$0.53$0.53$0.69$0.78$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.63$0.79$0.63$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.47$0.82$1.02$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 13, 2026
Return Version
2025v4.0
Gross Receipts
$79,822
Mission and Program Overview

Mission

The board is authorized by the state of illinois to levy and collect an assessment on horse feed. The board then disburses the funds to grantees for the purpose of enhancing the illinois equine industry through research, education and promotions for the purpose of developing equine programs.

Program Services

DescriptionGrantsExpenses
THE PRIMARY PURPOSE OF THE BOARD IS TO DISTRIBUTE GRANT FUNDS FOR EDUCATION, RESEARCH AND PROMOTION OF THE EQUINE INDUSTRY.$62,840$77,220
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
HEATHER BOLENDirector-$0--
ALISON COLONIUSPresident-$0--
STEPHEN MERRELLDirector-$0--
DAVID NOBBEDirector-$0--
JENNIFER ROSEGAYDirector-$0--
KEN SHERERDirector-$0--
JIM STEVENSDirector-$0--
MARIEL MARTINEZDirector-$0--
CYNTHIA RUSHDirector-$0--
Filing and Contact Details

Filer

Filer Name
Illinois Equine Industry Research
EIN
20-0473308
Phone
2173713300
Address
106 LILAC LANE, CHATHAM, IL 62629

Signing Officer

Name
Alison Colonius
Title
President
Phone
2175851600
Signed
2026-03-13
Discuss with paid preparer
Yes

Preparer

Firm
Capital Accounting & Audit
Address
2800 MONTVALE DR, SPRINGFIELD, IL 62704
Preparer
Lori Milosevich-lahr
Phone
2175538778
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Name: king city saddle club address: 23111 n. Copple lane walnut hills, il 62793 cash contribution: 10,000 name: southern illinois university address: 1205 lincoln dr, mc 4417 carbondale, il 62901 cash contribution: 10,000 name: fox valley saddle club address: 44w300 rohrsen road hampshire, il 60140 cash contribution: 10,000 name: okaw saddle club address: 240 e 800 ave vandalia, il 62471 cash contribution: 10,000 name: illinois boots and saddle address: 8148 wolf road alton, il 62002 cash contribution: 8,963 name: rock river trail & horsement assn address: 16085 west hazelview dr polo, il 61064 cash contribution: 9,000

Form 990-ez, Part I, Line 16

Expenses telephone 42 supplies 82 insurance 717 total 841

Form 990-ez, Part III

The board is authorized by the state of illinois to levy and collect an assessment on horse feed. The board then disburses the funds to grantees for the purpose of enhancing the illinois equine industry through research, education and promotions for the purpose of developing equine programs.

Raw XML Appendix123 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0THE BOARD IS AUTHORIZED BY THE STATE OF ILLINOIS TO LEVY AND COLLECT AN ASSESSMENT ON HORSE FEED. THE BOARD THEN DISBURSES THE FUNDS TO GRANTEES FOR THE PURPOSE OF ENHANCING THE ILLINOIS EQUINE INDUSTRY THROUGH RESEARCH, EDUCATION AND PROMOTIONS FOR THE PURPOSE OF DEVELOPING EQUINE PROGRAMS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES TELEPHONE 42 SUPPLIES 82 INSURANCE 717 TOTAL 841
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD IS AUTHORIZED BY THE STATE OF ILLINOIS TO LEVY AND COLLECT AN ASSESSMENT ON HORSE FEED. THE BOARD THEN DISBURSES THE FUNDS TO GRANTEES FOR THE PURPOSE OF ENHANCING THE ILLINOIS EQUINE INDUSTRY THROUGH RESEARCH, EDUCATION AND PROMOTIONS FOR THE PURPOSE OF DEVELOPING EQUINE PROGRAMS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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ReturnHeader/TaxYr02025

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