Civic Intelligence

Illinois Science and Energy Innovation Fund

990 • Fiscal year 2016 • EIN 45-5087913

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 01, 2017

Organization ProfileWWW.ENERGYFOUNDRY.COM & WWW.ISEIF.ORG
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

95th percentile

1.05x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

0.61x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

37th percentile

-1.7%

Higher net margin than 37% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

15th percentile

-30%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

80th percentile

33%

Faster revenue growth than 80% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$140,643

Down $59,964 (-30%) from 2015

Net Assets

Down

-$6,878

Down $4,090 (-147%) from 2015

Liabilities

Down

$147,521

Down $55,874 (-27%) from 2015

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin37th percentile

Revenue

Up

$240,625

Up $59,625 (+33%) from 2015

Expenses

Up

$244,715

Up $60,025 (+33%) from 2015

Net Income

Down

-$4,090

Down $400 (-11%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2016

Assets$140,643
Liabilities$147,521
Net Assets-$6,878
Open 2016 Filing

Operations Trend

Revenue Growth80th 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

2016

Revenue$240,625
Expenses$244,715
Net Income-$4,090
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 1, 2017
Return Version
2016v3.0
Gross Receipts
$240,625
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$195,501$135,386▼ $60,115
Cash and Non-Interest-Bearing Accounts$5,106$5,257▲ $151
Total Assets$200,607$140,643▼ $59,964
Liabilities
Other Liabilities$200,395$147,521▼ $52,874
Accounts Payable and Accrued Expenses$3,000--
Total Liabilities$203,395$147,521▼ $55,874
Net Assets / Fund Balance
Unrestricted Net Assets$-2,788$-6,878▼ $4,090
Total Net Assets Fund Balance$-2,788$-6,878▼ $4,090
Total Liabilities and Net Assets / Fund Balance$200,607$140,643▼ $59,964
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
$240,625
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-4,090

Audited Revenue Reconciliation

Revenue per Audited Statements
$240,625
Total Revenue per Audited Statements
$240,625
Total Revenue per Form 990
$240,625
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$244,715
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$209,761--$209,761
Office Expenses$19,798$541-$20,339
Travel$6,325--$6,325
Occupancy$4,275$225-$4,500
Fees for Services Accounting-$3,790-$3,790
Total Functional Expenses$240,159$4,556$0$244,715

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$244,715
Total Expenses per Audited Statements$244,715
Total Expenses per Form 990$244,715
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$147,521
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
2017-11-01

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
1404 WALNUT DR, DUNDEE, IL 60118-1534
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. The fund was awarded a grant from the u.s. Department of commerce and funds were expended in satisfaction of the grant.”

Form 990, Part IX, Line 11G

“Service performed for fund 209,761 0 0”

Raw XML Appendix387 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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IRS990ScheduleD/ExpensesSubtotalAmt0244715
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0147521
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ISEI FOUNDATION
IRS990ScheduleD/RevenueSubtotalAmt0240625
IRS990ScheduleD/TotalExpensesPerForm990Amt0244715
IRS990ScheduleD/TotalLiabilityAmt0147521
IRS990ScheduleD/TotalRevenuePerForm990Amt0240625
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0240625
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0244715
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. THE FUND WAS AWARDED A GRANT FROM THE U.S. DEPARTMENT OF COMMERCE AND FUNDS WERE EXPENDED IN SATISFACTION OF THE GRANT.
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 209,761 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/TotalAssetsBOYAmt0200607
IRS990/TotalAssetsEOYAmt0140643
IRS990/TotalAssetsGrp/BOYAmt0200607
IRS990/TotalAssetsGrp/EOYAmt0140643
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0240625
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04556
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0240159
IRS990/TotalFunctionalExpensesGrp/TotalAmt0244715
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0203395
IRS990/TotalLiabilitiesEOYAmt0147521
IRS990/TotalLiabilitiesGrp/BOYAmt0203395
IRS990/TotalLiabilitiesGrp/EOYAmt0147521
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2788
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-6878
IRS990/TotalOtherProgSrvcExpenseAmt0240159
IRS990/TotalProgramServiceExpensesAmt0240159
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0240625
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0200607
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0140643
IRS990/TravelGrp/ProgramServicesAmt06325
IRS990/TravelGrp/TotalAmt06325
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2788
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-6878
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 & WWW.ISEIF.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON BLUMBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03122396546
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-01
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/FilingSecurityInformation/AtSubmissionCreationDeviceId02ECD5F2415C29E6F6C389B7D65DC4ABFDC558C3D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D66BD3CC8366E3365D854C2F224190509AC2AA47
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270364300
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VANHOEVEN & VANHOEVEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01404 WALNUT DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DUNDEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0601181534
ReturnHeader/PreparerPersonGrp/PhoneNum08478410510
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R MATTHEW VANHOEVEN
ReturnHeader/ReturnTs02017-11-15T17:07:56-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$140,643
Liabilities
$147,521
Net assets
-$6,878
Revenue
$240,625
Expenses
$244,715
Net income
-$4,090
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
2016Detailed filing. Detailed filing data is available for this year.$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