Civic Intelligence

Illinois Science and Technology Coalition

990 • Fiscal year 2014 • EIN 35-2334171

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 22, 2015

222 Merchandise Mart PlaceRoom/Suite 121260654-1103

(312) 239-0324

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

0.82x

Higher debt load relative to assets than 93% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

92nd percentile

0.93x

Higher debt load relative to revenue than 92% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

59th percentile

5.5%

Higher net margin than 59% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

50th percentile

$137,723

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$2,159,887

Down $421,965 (-16%) from 2013

Net Assets

Up

$396,340

Up $104,547 (+36%) from 2013

Liabilities

Down

$1,763,547

Down $526,512 (-23%) from 2013

Revenue

$1,889,035

No earlier filing loaded for comparison.

Expenses

Up

$1,784,511

Up $619,584 (+53%) from 2013

Net Income

$104,524

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $3,484,868Liabilities 2012: $3,280,961Net Assets 2012: $203,9072012Assets 2013: $2,581,852Liabilities 2013: $2,290,059Net Assets 2013: $291,7932013Assets 2014: $2,159,887Liabilities 2014: $1,763,547Net Assets 2014: $396,3402014Assets 2016: $2,014,284Liabilities 2016: $1,579,845Net Assets 2016: $434,4392016Assets 2017: $1,783,195Liabilities 2017: $1,378,670Net Assets 2017: $404,5252017Assets 2018: $893,293Liabilities 2018: $99,585Net Assets 2018: $793,7082018Assets 2019: $742,848Liabilities 2019: $122,010Net Assets 2019: $620,8382019Assets 2021: $752,588Liabilities 2021: $77,035Net Assets 2021: $675,5532021Assets 2022: $628,074Liabilities 2022: $127,828Net Assets 2022: $500,2462022Assets 2023: $585,402Liabilities 2023: $132,135Net Assets 2023: $453,2672023Assets 2024: $903,863Liabilities 2024: $779,627Net Assets 2024: $124,2362024

Highlighted filing

2014

Assets$2,159,887
Liabilities$1,763,547
Net Assets$396,340

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2012: $1,251,6242012Expenses 2013: $1,164,9272013Revenue 2014: $1,889,035Expenses 2014: $1,784,511Net Income 2014: $104,5242014Revenue 2016: $1,053,196Expenses 2016: $1,064,113Net Income 2016: -$10,9172016Revenue 2017: $570,809Expenses 2017: $600,723Net Income 2017: -$29,9142017Revenue 2018: $895,496Expenses 2018: $506,901Net Income 2018: $388,5952018Revenue 2019: $178,599Expenses 2019: $368,807Net Income 2019: -$190,2082019Revenue 2021: $433,986Expenses 2021: $309,812Net Income 2021: $124,1742021Revenue 2022: $282,297Expenses 2022: $325,933Net Income 2022: -$43,6362022Revenue 2023: $381,498Expenses 2023: $427,534Net Income 2023: -$46,0362023Revenue 2024: $460,955Expenses 2024: $824,701Net Income 2024: -$363,7462024

Highlighted filing

2014

Revenue$1,889,035
Expenses$1,784,511
Net Income$104,524
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 22, 2015
Return Version
2013v4.0
Gross Receipts
$1,889,035
Mission and Program Overview

Mission

To enhance awareness and increase resources for illinois based research and development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,205,047$1,776,589▼ $428,458
Savings and Temporary Cash Investments$282,033$289,504▲ $7,471
Pledges and Grants Receivable$83,242$85,306▲ $2,064
Total Assets$2,581,852$2,159,887▼ $421,965
Other Assets Total$11,530$8,488▼ $3,042
Liabilities
Deferred Revenue$2,208,676$1,710,355▼ $498,321
Accounts Payable and Accrued Expenses$81,383$53,192▼ $28,191
Total Liabilities$2,290,059$1,763,547▼ $526,512
Net Assets / Fund Balance
Unrestricted Net Assets$291,793$396,340▲ $104,547
Total Net Assets Fund Balance$291,793$396,340▲ $104,547
Total Liabilities and Net Assets / Fund Balance$2,581,852$2,159,887▼ $421,965
Compensation and Service Providers

Employees

NameTitleBaseTotal
Mark Harris-$137,723$137,723

Board Members and Trustees

NameTitle
Eric IsaacsChair
Matt SummyPresident
Azmi NabulsiDirector
Chris GladwinDirector
Jeffery MaysDirector
John FlavinDirector
John LarsonDirector
Laura FreichsDirector
Linda DarraghDirector
Rob FlemingDirector
Rob LoweDirector
Warren RibleyDirector
Gerald RoperOfficer
Adam PolletTreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$1,845,785
Program Service Revenue
$0
Investment Income
$8,308
Other Revenue
$34,942
All Other Contributions
$32,793
Change in Net Assets
$104,524

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,889,035
Revenue Not Reported on Form 990
$23
Total Revenue per Audited Statements
$1,889,058
Total Revenue per Form 990
$1,889,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,502,046
Other Expenses$144,742
Salaries, Compensation, and Employee Benefits$137,723
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$1,502,046
Other Salaries and Wages---$137,723
Other Expenses---$8,442
Total Functional Expenses$0$0$0$1,784,511

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,784,511
Total Expenses per Audited Statements$1,784,511
Total Expenses per Form 990$1,784,511
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The tax returns are reviewed at the quarterly meeting nearest the due date of the return.

Form 990, Page 6, Part VI, Line 15A

Compensation for the ceo is reviewed and approved by the board of directors annually.

Form 990, Page 6, Part VI, Line 15B

Compensation for officers of the organization is reviewed by the board of directors annually.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

EIN
35-2334171

Signing Officer

Name
Mark Harris
Title
President
Signed
2015-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Harris
Formed
2008
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
9

Preparer

Preparer
John Stanfield CPA
Phone
8773890607
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is a nonprofit organization as described in section 501 (c)(6) of the internal revenue service and is exempt from federal and state income taxes. The organization adopted fasb accounting standards codification (asc) 740, income taxes, which clarifies the accounting uncertainty in income taxes recognized in a organization's financial statements. Asc 740 provides that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on technical merits. Income tax positions must be a more likely-than-not recognition threshold at the effective date to be recognized upon the adoption of asc 740 and in subsequent periods. This interpretation also provides guidance on measurement, derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The organization believes that it has appropriate support for any tax positions taken, and as such does not have any uncertain tax positions that are material to the financial statements. The organization's forms 990, return of organization exempt from income tax, for the fiscal years ending 2011, 2012, and 2013 are subject to examination by the irs, generally for three years after they were filed.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501 (C)(6) OF THE INTERNAL REVENUE SERVICE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION ADOPTED FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING UNCERTAINTY IN INCOME TAXES RECOGNIZED IN A ORGANIZATION'S FINANCIAL STATEMENTS. ASC 740 PROVIDES THAT A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON TECHNICAL MERITS. INCOME TAX POSITIONS MUST BE A MORE LIKELY-THAN-NOT RECOGNITION THRESHOLD AT THE EFFECTIVE DATE TO BE RECOGNIZED UPON THE ADOPTION OF ASC 740 AND IN SUBSEQUENT PERIODS. THIS INTERPRETATION ALSO PROVIDES GUIDANCE ON MEASUREMENT, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE FISCAL YEARS ENDING 2011, 2012, AND 2013 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalExpensesPerForm990Amt01784511
IRS990ScheduleD/TotalRevenuePerForm990Amt01889035
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01889058
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01784511
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION HAS A PROCESS FOR SELECTION OF RECIPIENTS AND DISTRIBUTION OF MONIES - INCLUDING ONGOING REPORTING REQUIREMENTS AND COMPLIANCE PROCEDURES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURNS ARE REVIEWED AT THE QUARTERLY MEETING NEAREST THE DUE DATE OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR OFFICERS OF THE ORGANIZATION IS REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10ILLINOIS SCIENCE AND TECHNOLOGY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine20INSTITUTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0454092054
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARITABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt03
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10222 MERCHANDISE MART PLAZA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine20ROOM 1212
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode060654
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02581852
IRS990/TotalAssetsEOYAmt02159887
IRS990/TotalAssetsGrp/BOYAmt02581852
IRS990/TotalAssetsGrp/EOYAmt02159887
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01845785
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01784511
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02290059
IRS990/TotalLiabilitiesEOYAmt01763547
IRS990/TotalLiabilitiesGrp/BOYAmt02290059
IRS990/TotalLiabilitiesGrp/EOYAmt01763547
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0291793
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0396340
IRS990/TotalProgramServiceExpensesAmt01502046
IRS990/TotalReportableCompFromOrgAmt0137723
IRS990/TotalRevenueGrp/ExclusionAmt043250
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01889035
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02581852
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02159887
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0291793
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0396340
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10222 MERCHANDISE MART PLACE
IRS990/USAddress/City0CHICAGO
IRS990/USAddress/State0IL
IRS990/USAddress/ZIPCode0606541103
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.1STCOALITION.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK HARRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-01-22
ReturnHeader/Filer/BusinessName/BusinessNameLine10ILLINOIS SCIENCE AND
ReturnHeader/Filer/BusinessName/BusinessNameLine20TECHNOLOGY COALITION
ReturnHeader/Filer/BusinessNameControlTxt0ILLI
ReturnHeader/Filer/EIN0352334171
ReturnHeader/Filer/USAddress/AddressLine10222 MERCHANDISE MART PLACE
ReturnHeader/Filer/USAddress/AddressLine20ROOM/SUITE 1212
ReturnHeader/Filer/USAddress/City0CHICAGO
ReturnHeader/Filer/USAddress/State0IL
ReturnHeader/Filer/USAddress/ZIPCode0606541103
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271243196
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10STANFIELD & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102001 BUTTERFIELD RD STE 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0DOWNERS GROVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0605155476
ReturnHeader/PreparerPersonGrp/PhoneNum08773890607
ReturnHeader/PreparerPersonGrp/PreparationDt02015-01-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN STANFIELD CPA
ReturnHeader/ReturnTs02015-01-26T17:21:57-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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