Civic Intelligence

Illinois Science and Technology Institute

990 • Fiscal year 2023 • EIN 45-4092094

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

Organization ProfileWWW.ISTCOALITION.ORG

Refreshing map…

20 N Wacker Drive 1200Chicago, IL 60606

(708) 267-5601

Siviq Scores

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

Liabilities / Assets

87th percentile

0.51x

Higher debt load relative to assets than 87% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

0.62x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

10th percentile

-35%

Higher net margin than 10% of similar nonprofits.

2023 filings • 501(c)3 • $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

8th percentile

-25%

Faster asset growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-78%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$717,214

Down $236,719 (-25%) from 2022

Net Assets

Down

$352,265

Down $210,486 (-37%) from 2022

Liabilities

Down

$364,949

Down $26,233 (-6.7%) from 2022

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin10th percentile

Revenue

Down

$588,527

Down $2,146,052 (-78%) from 2022

Expenses

Down

$796,713

Down $1,678,081 (-68%) from 2022

Net Income

Down

-$208,186

Down $467,971 (-180%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2023

Assets$717,214
Liabilities$364,949
Net Assets$352,265
Open 2023 Filing

Operations Trend

Revenue Growth2nd 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

2023

Revenue$588,527
Expenses$796,713
Net Income-$208,186
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 13, 2025
Return Version
2022v5.0
Gross Receipts
$588,527
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.

The institute will advance science and technology through the education of illinois 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$606,036$427,355▼ $178,681
Savings and Temporary Cash Investments$283,724$283,979▲ $255
Accounts Receivable$50,000$5,880▼ $44,120
Prepaid Expenses and Deferred Charges$3,050$0▼ $3,050
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$942,810$717,214▼ $225,596
Other Assets Total-$0-
Liabilities
Deferred Revenue$296,640$330,620▲ $33,980
Other Liabilities-$30,470-
Accounts Payable and Accrued Expenses$85,719$3,859▼ $81,860
Total Liabilities$382,359$364,949▼ $17,410
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$560,451$352,265▼ $208,186
Total Net Assets Fund Balance$560,451$352,265▼ $208,186
Total Liabilities and Net Assets / Fund Balance$942,810$717,214▼ $225,596

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,600-
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Bill PayneChair
Azurii CollierDirector
Bob GreenleeDirector
Colleen WrightDirector
Dr Yvonne HarrisDirector
Holly CopelandDirector
Jess GoodeDirector
Jim BrayDirector
Jose Leboreiro HernandezDirector
Kumar NatesaiyerDirector
Larry KuhnDirector
Laura FrerichsDirector
Nicole PresperinDirector
Rob PatinoDirector
Somali TomczakDirector
TJ AugustineDirector
Vivek MehtaDirector
Tope SadikuSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$405,405
Program Service Revenue
$182,867
Investment Income
$255
Other Revenue
$0
All Other Contributions
$405,405
Change in Net Assets
$-208,186

Audited Revenue Reconciliation

Revenue per Audited Statements
$588,527
Total Revenue per Audited Statements
$588,527
Total Revenue per Form 990
$588,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$489,721
Other Expenses$256,148
Grants and Similar Amounts Paid$50,844
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$271,464$132,301-$403,765
Fees for Services Other$116,085$43,128-$159,213
Other Employee Benefits$45,771$9,293-$55,064
Grants to Domestic Orgs$37,344--$37,344
Payroll Taxes$20,771$10,121-$30,892
Occupancy-$27,312-$27,312
Grants to Domestic Individuals$13,500--$13,500
Other Expenses$9,079$22,799-$9,079
Advertising-$7,199-$7,199
Insurance-$5,306-$5,306
Travel$4,028--$4,028
Information Technology-$1,874-$1,874
Office Expenses-$990-$990
Total Functional Expenses$536,390$260,323$0$796,713

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$796,713
Total Expenses per Audited Statements$796,713
Total Expenses per Form 990$796,713
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Horizon Educational ServicesCleveland, OH-Sponsorship$37,344
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$30,470
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
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, Part VI, Section B, Line 11B

“The tax return is reviewed at the quarterly meeting closest to the filing due date.”

Form 990, Part VI, Section C, Line 19

“Documents are made available upon request”

Filing and Contact Details

Filer

Filer Name
Illinois Science and Technology
EIN
45-4092094
Phone
7082675601
Address
20 N Wacker Drive 1200, CHICAGO, IL 60606

Signing Officer

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

Organization Details

Principal Officer
Bill Payne
Formed
2011
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
475

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) (3) 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/PersonNm6Jess Goode
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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$717,214
Liabilities
$364,949
Net assets
$352,265
Revenue
$588,527
Expenses
$796,713
Net income
-$208,186
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
2023Detailed filing. Detailed filing data is available for this year.$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