Civic Intelligence

Illinois Science and Technology Institute

990 • Fiscal year 2014 • EIN 45-4092094

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

Organization ProfileWWW.ISTCOALITION.ORG
222 Merchandise Mart PlazaRoom/Suite 121260654-1103

(312) 239-0350

Siviq Scores

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

Liabilities / Assets

85th percentile

0.72x

Higher debt load relative to assets than 85% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

78th percentile

0.57x

Higher debt load relative to revenue than 78% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

47th percentile

1.7%

Higher net margin than 47% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

57th percentile

4.2%

Faster asset growth than 57% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

95th percentile

121%

Faster revenue growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$869,968

Up $35,002 (+4.2%) from 2013

Net Assets

Up

$242,156

Up $18,606 (+8.3%) from 2013

Liabilities

Up

$627,812

Up $16,396 (+2.7%) from 2013

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin47th percentile

Revenue

Up

$1,107,410

Up $605,192 (+121%) from 2013

Expenses

Up

$1,088,804

Up $692,624 (+175%) from 2013

Net Income

Down

$18,606

Down $87,432 (-82%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$1.0M$500K$0Assets 2012: $225,012Liabilities 2012: $107,500Net Assets 2012: $117,5122012Assets 2013: $834,966Liabilities 2013: $611,416Net Assets 2013: $223,5502013Assets 2014: $869,968Liabilities 2014: $627,812Net Assets 2014: $242,1562014Assets 2015: $699,344Liabilities 2015: $445,958Net Assets 2015: $253,3862015Assets 2016: $640,914Liabilities 2016: $394,823Net Assets 2016: $246,0912016Assets 2017: $467,107Liabilities 2017: $348,677Net Assets 2017: $118,4302017Assets 2018: $898,866Liabilities 2018: $793,245Net Assets 2018: $105,6212018Assets 2019: $708,323Liabilities 2019: $503,755Net Assets 2019: $204,5682019Assets 2020: $816,006Liabilities 2020: $296,508Net Assets 2020: $519,4982020Assets 2021: $982,665Liabilities 2021: $650,573Net Assets 2021: $332,0922021Assets 2022: $953,933Liabilities 2022: $391,182Net Assets 2022: $562,7512022Assets 2023: $717,214Liabilities 2023: $364,949Net Assets 2023: $352,2652023Assets 2024: $392,935Liabilities 2024: $32,330Net Assets 2024: $360,6052024

Highlighted filing

2014

Assets$869,968
Liabilities$627,812
Net Assets$242,156
Open 2014 Filing

Operations Trend

Revenue Growth95th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $117,512Expenses 2012: $0Net Income 2012: $117,5122012Revenue 2013: $502,218Expenses 2013: $396,180Net Income 2013: $106,0382013Revenue 2014: $1,107,410Expenses 2014: $1,088,804Net Income 2014: $18,6062014Revenue 2015: $541,910Expenses 2015: $530,680Net Income 2015: $11,2302015Revenue 2016: $664,153Expenses 2016: $671,448Net Income 2016: -$7,2952016Revenue 2017: $711,825Expenses 2017: $839,486Net Income 2017: -$127,6612017Revenue 2018: $743,943Expenses 2018: $756,752Net Income 2018: -$12,8092018Revenue 2019: $961,235Expenses 2019: $863,194Net Income 2019: $98,0412019Revenue 2020: $1,063,559Expenses 2020: $748,629Net Income 2020: $314,9302020Revenue 2021: $533,028Expenses 2021: $546,724Net Income 2021: -$13,6962021Revenue 2022: $2,734,579Expenses 2022: $2,474,794Net Income 2022: $259,7852022Revenue 2023: $588,527Expenses 2023: $796,713Net Income 2023: -$208,1862023Revenue 2024: $747,358Expenses 2024: $739,018Net Income 2024: $8,3402024

Highlighted filing

2014

Revenue$1,107,410
Expenses$1,088,804
Net Income$18,606
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 22, 2015
Return Version
2013v4.0
Gross Receipts
$1,107,410
Mission and Program Overview

Mission

The institute will advance science and technology through the education of illnois residents, the provision of grants to institutions and organizations for scientific research in the areas of science and technology, and by providing educational resources for entrepreneurism, technology transfer, and other education initiatives that support economic development through science and technology in the state of illinois.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$726,524$797,622▲ $71,098
Pledges and Grants Receivable$108,442$70,046▼ $38,396
Total Assets$834,966$869,968▲ $35,002
Other Assets Total-$2,300-
Liabilities
Deferred Revenue$569,999$398,753▼ $171,246
Accounts Payable and Accrued Expenses$41,417$229,059▲ $187,642
Total Liabilities$611,416$627,812▲ $16,396
Net Assets / Fund Balance
Unrestricted Net Assets$223,550$242,156▲ $18,606
Total Net Assets Fund Balance$223,550$242,156▲ $18,606
Total Liabilities and Net Assets / Fund Balance$834,966$869,968▲ $35,002
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Eric IsaacsChair
Adam Pollet-
Azmi Nabulsi-
Chris Gladwin-
Jeffrey Mays-
John Flavin-
John Larson-
Laura Frerichs-
Linda Darragh-
Mark Harris-
Matt Summy-
Rob Fleming-
Rob Lowe-
Warren RibleyCEO
Gerald RoperTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,107,370
Program Service Revenue
$0
Investment Income
$40
Other Revenue
$0
All Other Contributions
$40,918
Change in Net Assets
$18,606

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,107,410
Total Revenue per Audited Statements
$1,107,410
Total Revenue per Form 990
$1,107,410
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,056,470
Other Expenses$32,334
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,056,470--$1,056,470
Other Expenses$32,334--$32,334
Total Functional Expenses$1,088,804$0$0$1,088,804

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,088,804
Total Expenses per Audited Statements$1,088,804
Total Expenses per Form 990$1,088,804
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
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 return is reviewed at the quarterly meeting closest to the filing due date.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

EIN
45-4092094

Signing Officer

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

Organization Details

Principal Officer
Mark Edward Harris
Formed
2011
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Preparer
John Stanfield CPA
Phone
8773890607
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The institute will advance science and technology through the education of illnois residents, the provision of grants to institutions and organizations for scientific research in the areas of science and technology, and by providing educational resources for entrepreneurism, technology transfer, and other education initiatives that support economic development through science and technology in the state of illinois.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is a nonprofit organization as described in section 501 (c)(3) of the internal revenue code 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)(3) OF THE INTERNAL REVENUE CODE 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/TotalExpensesPerForm990Amt01088804
IRS990ScheduleD/TotalRevenuePerForm990Amt01107410
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01107410
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01088804
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A FORMAL WRITTEN PROCESS FOR THE APPLICATION AND DISTRIBUTION OF GRANT FUNDS. IT MONITORS ONGOING PROGRESS FOR THE PURPOSE OF THE GRANT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/TotalOtherOrgCnt02
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTE WILL ADVANCE SCIENCE AND TECHNOLOGY THROUGH THE EDUCATION OF ILLNOIS RESIDENTS, THE PROVISION OF GRANTS TO INSTITUTIONS AND ORGANIZATIONS FOR SCIENTIFIC RESEARCH IN THE AREAS OF SCIENCE AND TECHNOLOGY, AND BY PROVIDING EDUCATIONAL RESOURCES FOR ENTREPRENEURISM, TECHNOLOGY TRANSFER, AND OTHER EDUCATION INITIATIVES THAT SUPPORT ECONOMIC DEVELOPMENT THROUGH SCIENCE AND TECHNOLOGY IN THE STATE OF ILLINOIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS REVIEWED AT THE QUARTERLY MEETING CLOSEST TO THE FILING DUE DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine20COALITION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0R&D
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10222 MERCHANDISE MART PLAZA RM 1212
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode060654
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0834966
IRS990/TotalAssetsEOYAmt0869968
IRS990/TotalAssetsGrp/BOYAmt0834966
IRS990/TotalAssetsGrp/EOYAmt0869968
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01107370
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01088804
IRS990/TotalFunctionalExpensesGrp/TotalAmt01088804
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0611416
IRS990/TotalLiabilitiesEOYAmt0627812
IRS990/TotalLiabilitiesGrp/BOYAmt0611416
IRS990/TotalLiabilitiesGrp/EOYAmt0627812
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0223550
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0242156
IRS990/TotalProgramServiceExpensesAmt01088804
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt040
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01107410
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0834966
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0869968
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0223550
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0242156
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10222 MERCHADISE MART PLAZA
IRS990/USAddress/City0CHICAGO
IRS990/USAddress/State0IL
IRS990/USAddress/ZIPCode0606541103
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK EDWARD HARRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-01-22
ReturnHeader/Filer/BusinessName/BusinessNameLine10ILLINOIS SCIENCE AND TECHNOLOGY
ReturnHeader/Filer/BusinessName/BusinessNameLine20INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0ILLI
ReturnHeader/Filer/EIN0454092094
ReturnHeader/Filer/USAddress/AddressLine10222 MERCHANDISE MART PLAZA
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$869,968
Liabilities
$627,812
Net assets
$242,156
Revenue
$1,107,410
Expenses
$1,088,804
Net income
$18,606
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.03$0.36$0.75$0.74$0.01
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.36$0.35$0.59$0.80$0.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.39$0.56$2.73$2.47$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.65$0.33$0.53$0.55$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.30$0.52$1.06$0.75$0.31
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.50$0.20$0.96$0.86$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.79$0.11$0.74$0.76$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.35$0.12$0.71$0.84$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.39$0.25$0.66$0.67$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.70$0.45$0.25$0.54$0.53$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.87$0.63$0.24$1.11$1.09$0.02
2013Summary only. Only limited summary data is available for this year.$0.83$0.61$0.22$0.50$0.40$0.11
2012Summary only. Only limited summary data is available for this year.$0.23$0.11$0.12$0.12$0.00$0.12