Civic Intelligence

Illinois Science and Technology Coalition

990 • Fiscal year 2023 • EIN 35-2334171

Jul 01, 2022 to Jun 30, 2023 • Filed on May 13, 2025

Refreshing map…

20 N Wacker Drive 1200Chicago, IL 60606

(312) 239-0324

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.23x

Higher debt load relative to assets than 72% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

0.35x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

15th percentile

-12%

Higher net margin than 15% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2023

Asset Growth

22nd percentile

-6.8%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

84th percentile

35%

Faster revenue growth than 84% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$585,402

Down $42,672 (-6.8%) from 2022

Net Assets

Down

$453,267

Down $46,979 (-9.4%) from 2022

Liabilities

Up

$132,135

Up $4,307 (+3.4%) from 2022

Revenue

Up

$381,498

Up $99,201 (+35%) from 2022

Expenses

Up

$427,534

Up $101,601 (+31%) from 2022

Net Income

Down

-$46,036

Down $2,400 (-5.5%) from 2022

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

2023

Assets$585,402
Liabilities$132,135
Net Assets$453,267

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

2023

Revenue$381,498
Expenses$427,534
Net Income-$46,036
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 13, 2025
Return Version
2022v5.0
Gross Receipts
$510,392
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$132,982$161,611▲ $28,629
Savings and Temporary Cash Investments$136,504$86,591▼ $49,913
Accounts Receivable$8,677$12,542▲ $3,865
Prepaid Expenses and Deferred Charges$6,675$1,348▼ $5,327
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$619,322$585,402▼ $33,920
Other Assets Total$334,484$323,310▼ $11,174
Liabilities
Accounts Payable and Accrued Expenses$59,860$79,277▲ $19,417
Deferred Revenue$59,216$52,858▼ $6,358
Total Liabilities$119,076$132,135▲ $13,059
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$500,246$453,267▼ $46,979
Total Net Assets Fund Balance$500,246$453,267▼ $46,979
Total Liabilities and Net Assets / Fund Balance$619,322$585,402▼ $33,920

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$4,500--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$149,372
Program Service Revenue
$226,198
Investment Income
$2,428
Other Revenue
$3,500
All Other Contributions
$31,372
Change in Net Assets
$-46,036

Audited Revenue Reconciliation

Revenue per Audited Statements
$377,240
Revenue Not Reported on Financial Statements
$4,258
Revenue Not Reported on Form 990
$-943
Total Revenue per Audited Statements
$376,297
Total Revenue per Form 990
$381,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$259,181
Other Expenses$168,353
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$149,669$63,989-$213,658
Fees for Services Other$14,603$29,952-$44,555
Other Employee Benefits$20,444$8,762-$29,206
Occupancy$18,989$8,138-$27,127
Payroll Taxes$11,422$4,895-$16,317
Advertising$14,773--$14,773
All Other Expenses$5,150$1,250-$6,400
Conferences and Meetings$2,886$3,182-$6,068
Other Expenses$4,118$1,765-$5,883
Insurance-$4,908-$4,908
Fees for Service Investment Mgmnt Fees-$4,258-$4,258
Office Expenses$1,552$1,614-$3,166
Information Technology-$2,327-$2,327
Travel-$1,760-$1,760
Interest-$88-$88
Total Functional Expenses$287,845$139,689$0$427,534

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$427,534
Expenses per Audited Statements$423,276
Total Expenses per Audited Statements$423,276
Expenses Not Reported on Financial Statements$4,258
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 15A

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

Form 990, Part VI, Section B, Line 15B

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

Form 990, Part VI, Section C, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Illinois Science and Technology
EIN
35-2334171
Phone
3122390324
Address
20 N Wacker Drive 1200, CHICAGO, IL 60606

Signing Officer

Name
Bill Payne
Title
Board Chair
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Payne
Formed
2008
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
18
Employees
9
Volunteers
18

Preparer

Firm
Il Nfp Audit and Tax Llp
Address
200 S WACKER DR SUITE 3100, CHICAGO, IL 60606
Preparer
Alfredo Rodriguez CPA
Phone
3129985500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Fin 48 - the organization is exempt from federal and state income taxes under section 501 (c) (6) of the internal revenue code; therefore, the financial statements do not include a provision for income taxes. The organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by taking authorities, based on the technical merits of the positions. The organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the irs.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 - THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501 (C) (6) OF THE INTERNAL REVENUE CODE; THEREFORE, THE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE ORGANIZATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAKING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE ORGANIZATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote

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