Civic Intelligence

Illinois Science and Energy Innovation Fund

990 • Fiscal year 2015 • EIN 45-5087913

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 11, 2016

Organization ProfileWWW.ENERGYFOUNDRY.COM
18 S Michigan Ave 12th FloorChicago, IL 60603

(312) 239-3650

Siviq Scores

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

Liabilities / Assets

94th percentile

1.01x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

1.12x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

35th percentile

-2.0%

Higher net margin than 35% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

91st percentile

99%

Faster asset growth than 91% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$200,607

Up $99,810 (+99%) from 2014

Net Assets

Down

-$2,788

Down $3,690 (-409%) from 2014

Liabilities

Up

$203,395

Up $103,500 (+104%) from 2014

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin35th percentile

Revenue

Up

$181,000

Up $17,505 (+11%) from 2014

Expenses

Up

$184,690

Up $20,510 (+12%) from 2014

Net Income

Down

-$3,690

Down $3,005 (-439%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$300K$200K$100K$0-$100KAssets 2012: $40,001Liabilities 2012: $37,000Net Assets 2012: $3,0012012Assets 2013: $52,070Liabilities 2013: $50,483Net Assets 2013: $1,5872013Assets 2014: $100,797Liabilities 2014: $99,895Net Assets 2014: $9022014Assets 2015: $200,607Liabilities 2015: $203,395Net Assets 2015: -$2,7882015Assets 2016: $140,643Liabilities 2016: $147,521Net Assets 2016: -$6,8782016Assets 2017: $53,314Liabilities 2017: $63,333Net Assets 2017: -$10,0192017Assets 2018: $1,510Liabilities 2018: $15,919Net Assets 2018: -$14,4092018Assets 2019: $1,796Liabilities 2019: $16,919Net Assets 2019: -$15,1232019Assets 2020: $1,095Liabilities 2020: $16,919Net Assets 2020: -$15,8242020Assets 2021: $405Liabilities 2021: $16,9192021Assets 2022: $405Net Assets 2022: $4052022Assets 2023: $370Liabilities 2023: $02023Assets 2024: $310Net Assets 2024: $3102024

Highlighted filing

2015

Assets$200,607
Liabilities$203,395
Net Assets-$2,788
Open 2015 Filing

Operations Trend

Revenue Growth64th percentile

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

$300K$200K$100K$0-$100KRevenue 2012: $41,000Expenses 2012: $37,999Net Income 2012: $3,0012012Revenue 2013: $152,000Expenses 2013: $153,414Net Income 2013: -$1,4142013Revenue 2014: $163,495Expenses 2014: $164,180Net Income 2014: -$6852014Revenue 2015: $181,000Expenses 2015: $184,690Net Income 2015: -$3,6902015Revenue 2016: $240,625Expenses 2016: $244,715Net Income 2016: -$4,0902016Revenue 2017: $219,064Expenses 2017: $222,205Net Income 2017: -$3,1412017Revenue 2018: $7,105Expenses 2018: $11,495Net Income 2018: -$4,3902018Expenses 2019: $7142019Expenses 2020: $7012020Revenue 2021: $0Expenses 2021: $690Net Income 2021: -$6902021Revenue 2022: $16,9192022Revenue 2023: $0Expenses 2023: $35Net Income 2023: -$352023Expenses 2024: $602024

Highlighted filing

2015

Revenue$181,000
Expenses$184,690
Net Income-$3,690
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 11, 2016
Return Version
2015v2.1
Gross Receipts
$181,000
Mission and Program Overview

Mission

Advancement of science and energy through promotion of energy concepts and provide education about energy advancments and opportunities.

Advancement of science and energy through promotion of smart grid energy concepts and to provide consumer education about the latest technologies in energy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$45,001$195,501▲ $150,500
Cash and Non-Interest-Bearing Accounts$55,796$5,106▼ $50,690
Total Assets$100,797$200,607▲ $99,810
Liabilities
Other Liabilities$99,895$200,395▲ $100,500
Accounts Payable and Accrued Expenses-$3,000-
Total Liabilities$99,895$203,395▲ $103,500
Net Assets / Fund Balance
Unrestricted Net Assets$902$-2,788▼ $3,690
Total Net Assets Fund Balance$902$-2,788▼ $3,690
Total Liabilities and Net Assets / Fund Balance$100,797$200,607▲ $99,810
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Brendan ReillyDirector
Kristin MunschDirector
Mark HarrisDirector
Mark LaufenbergDirector
Mark PetersDirector
Michael CornicelliDirector
Sharyn HillmanDirector
Val JensonDirector
Jason BlumbergExecutive Di
Robert GreenleeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$181,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-3,690

Audited Revenue Reconciliation

Revenue per Audited Statements
$181,000
Total Revenue per Audited Statements
$181,000
Total Revenue per Form 990
$181,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,690
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$175,879--$175,879
Office Expenses$4,097$1,039-$5,136
Fees for Services Accounting-$3,675-$3,675
Total Functional Expenses$179,976$4,714$0$184,690

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$184,690
Total Expenses per Audited Statements$184,690
Total Expenses per Form 990$184,690
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Isei Foundation$200,395
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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

“After preparation the return is then reviewed by the organizations attorneys and executive director. The return is then distributed to the board for review.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest policy is signed by the board of directors, officers and employees and retained by the organization. Policy specifically states actions required to conform with the policy and required disclosures.”

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

“Compensation is reviewed annually by the board. Research of similar qualified individuals and positions in other organizations is performed and documented. The board then independently approves the compensation package.”

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

“Annual performance evaluations are performed by the executive director.”

Form 990, Page 6, Part VI, Line 19

“Documents are avaialable upon request”

Filing and Contact Details

Filer

Filer Name
Illinois Science and Energy
EIN
45-5087913
Phone
3122393650
Address
18 S MICHIGAN AVE 12TH FLOOR, CHICAGO, IL 60603

Signing Officer

Name
Jason Blumberg
Title
Executive Director
Phone
3122396546
Signed
2016-08-11

Organization Details

Principal Officer
Jason Blumberg
Formed
2012
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Vanhoeven & Vanhoeven
Address
2750 PINNACLE DR, ELGIN, IL 60124-7943
Preparer
R Matthew Vanhoeven
Phone
8478410510
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“The fund was awarded a grant from the illinois institute of technology in relation to the illinois smart grid regional innovation cluster grant and was expended on smart grid education.”

Form 990, Part IX, Line 11G

“Service performed for fund 175,879 0 0”

Raw XML Appendix380 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ALL ORGANIZATIONS ARE PUT THROUGH A RIGOROUS DUE DILIGENCE PROCESS TO ENSURE THEY MEET THE NECESSARY STANDARDS.
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0INNOVATION FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0181015
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0184690
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0200395
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ISEI FOUNDATION
IRS990ScheduleD/RevenueSubtotalAmt0181000
IRS990ScheduleD/TotalExpensesPerForm990Amt0184690
IRS990ScheduleD/TotalLiabilityAmt0200395
IRS990ScheduleD/TotalRevenuePerForm990Amt0181000
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0181000
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0184690
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FUND WAS AWARDED A GRANT FROM THE ILLINOIS INSTITUTE OF TECHNOLOGY IN RELATION TO THE ILLINOIS SMART GRID REGIONAL INNOVATION CLUSTER GRANT AND WAS EXPENDED ON SMART GRID EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AFTER PREPARATION THE RETURN IS THEN REVIEWED BY THE ORGANIZATIONS ATTORNEYS AND EXECUTIVE DIRECTOR. THE RETURN IS THEN DISTRIBUTED TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY IS SIGNED BY THE BOARD OF DIRECTORS, OFFICERS AND EMPLOYEES AND RETAINED BY THE ORGANIZATION. POLICY SPECIFICALLY STATES ACTIONS REQUIRED TO CONFORM WITH THE POLICY AND REQUIRED DISCLOSURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD. RESEARCH OF SIMILAR QUALIFIED INDIVIDUALS AND POSITIONS IN OTHER ORGANIZATIONS IS PERFORMED AND DOCUMENTED. THE BOARD THEN INDEPENDENTLY APPROVES THE COMPENSATION PACKAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL PERFORMANCE EVALUATIONS ARE PERFORMED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAIALABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SERVICE PERFORMED FOR FUND 175,879 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ILLINOIS SCIENCE AND ENERGY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0INNOVATION FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0455087827
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C4
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PF
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt012TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060603
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0100797
IRS990/TotalAssetsEOYAmt0200607
IRS990/TotalAssetsGrp/BOYAmt0100797
IRS990/TotalAssetsGrp/EOYAmt0200607
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0181000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04714
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0179976
IRS990/TotalFunctionalExpensesGrp/TotalAmt0184690
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt099895
IRS990/TotalLiabilitiesEOYAmt0203395
IRS990/TotalLiabilitiesGrp/BOYAmt099895
IRS990/TotalLiabilitiesGrp/EOYAmt0203395
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0902
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2788
IRS990/TotalOtherProgSrvcExpenseAmt0179976
IRS990/TotalProgramServiceExpensesAmt0179976
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0181000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0100797
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0200607
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0902
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2788
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt018 S MICHIGAN
IRS990/USAddress/AddressLine2Txt012TH FLOOR
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060603
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.ENERGYFOUNDRY.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON BLUMBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03122396546
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILLINOIS SCIENCE AND ENERGY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INNOVATION FUND
ReturnHeader/Filer/BusinessNameControlTxt0ILLI
ReturnHeader/Filer/EIN0455087913
ReturnHeader/Filer/PhoneNum03122393650
ReturnHeader/Filer/USAddress/AddressLine1Txt018 S MICHIGAN AVE 12TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060603
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270364300
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VANHOEVEN & VANHOEVEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02750 PINNACLE DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ELGIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0601247943
ReturnHeader/PreparerPersonGrp/PhoneNum08478410510
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R MATTHEW VANHOEVEN
ReturnHeader/ReturnTs02016-09-23T14:45:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$200,607
Liabilities
$203,395
Net assets
-$2,788
Revenue
$181,000
Expenses
$184,690
Net income
-$3,690
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00
2023Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.17
2021Summary only. Only limited summary data is available for this year.$0.00$0.17$0.00$0.01$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.17$0.16$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.02$0.17$0.15$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.16$0.14$0.07$0.11$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.63$0.10$2.19$2.22$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$1.48$0.07$2.41$2.45$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.01$2.03$0.03$1.81$1.85$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.01$1.00$0.01$1.63$1.64$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.52$0.50$0.02$1.52$1.53$0.01
2012Summary only. Only limited summary data is available for this year.$0.40$0.37$0.03$0.41$0.38$0.03