Civic Intelligence

Illinois Science and Energy Innovation Fund

990 • Fiscal year 2018 • EIN 45-5087913

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

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

Refreshing map…

4809 N Ravenswood Ave Suite 415Chicago, IL 60640

(312) 239-3650

Siviq Scores

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

Liabilities / Assets

99th percentile

10.54x

Higher debt load relative to assets than 99% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

2.24x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

7th percentile

-62%

Higher net margin than 7% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

2nd percentile

-97%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

2nd percentile

-97%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$1,510

Down $51,804 (-97%) from 2017

Net Assets

Down

-$14,409

Down $4,390 (-44%) from 2017

Liabilities

Down

$15,919

Down $47,414 (-75%) from 2017

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin7th percentile

Revenue

Down

$7,105

Down $211,959 (-97%) from 2017

Expenses

Down

$11,495

Down $210,710 (-95%) from 2017

Net Income

Down

-$4,390

Down $1,249 (-40%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth2nd 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

2018

Assets$1,510
Liabilities$15,919
Net Assets-$14,409
Open 2018 Filing

Operations Trend

Revenue Growth2nd 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

2018

Revenue$7,105
Expenses$11,495
Net Income-$4,390
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$7,105
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$32,684--
Cash and Non-Interest-Bearing Accounts$20,630$1,510▼ $19,120
Total Assets$53,314$1,510▼ $51,804
Liabilities
Other Liabilities$63,333$15,919▼ $47,414
Total Liabilities$63,333$15,919▼ $47,414
Net Assets / Fund Balance
Unrestricted Net Assets$-10,019$-14,409▼ $4,390
Total Net Assets Fund Balance$-10,019$-14,409▼ $4,390
Total Liabilities and Net Assets / Fund Balance$53,314$1,510▼ $51,804
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$7,105
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-4,390

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,105
Total Revenue per Audited Statements
$7,105
Total Revenue per Form 990
$7,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,495
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
Office Expenses$6,655$200-$6,855
Fees for Services Accounting-$4,190-$4,190
Occupancy$405$45-$450
Total Functional Expenses$7,060$4,435$0$11,495

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,495
Total Expenses per Audited Statements$11,495
Total Expenses per Form 990$11,495
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$12,419
Accrued Expenses$3,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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
4809 N RAVENSWOOD AVE SUITE 415, CHICAGO, IL 60640

Signing Officer

Name
Jason Blumberg
Title
Executive Director
Phone
3122396546
Signed
2019-11-15

Organization Details

Principal Officer
Jason Blumberg
Formed
2012
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
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 u.s. Department of commerce and funds were expended in satisfaction of the grant.”

Raw XML Appendix388 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/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
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04809 N RAVENSWOOD AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt0SUITE 415
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060640
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt07105
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL EXPENSES
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ILLINOIS SCIENCE AND ENERGY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt0INNOVATION FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt053314
IRS990/TotalAssetsEOYAmt01510
IRS990/TotalAssetsGrp/BOYAmt053314
IRS990/TotalAssetsGrp/EOYAmt01510
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07105
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04435
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07060
IRS990/TotalFunctionalExpensesGrp/TotalAmt011495
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt063333
IRS990/TotalLiabilitiesEOYAmt015919
IRS990/TotalLiabilitiesGrp/BOYAmt063333
IRS990/TotalLiabilitiesGrp/EOYAmt015919
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-10019
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-14409
IRS990/TotalOtherProgSrvcExpenseAmt07060
IRS990/TotalProgramServiceExpensesAmt07060
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07105
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt053314
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01510
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-10019
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-14409
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt018 S MICHIGAN
IRS990/USAddress/AddressLine2Txt012TH FLOOR
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060603
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.ENERGYFOUNDRY.COM & WWW.ISEIF.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON BLUMBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03122396546
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILLINOIS SCIENCE AND ENERGY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INNOVATION FUND
ReturnHeader/Filer/BusinessNameControlTxt0ILLI
ReturnHeader/Filer/EIN0455087913
ReturnHeader/Filer/PhoneNum03122393650
ReturnHeader/Filer/USAddress/AddressLine1Txt04809 N RAVENSWOOD AVE SUITE 415
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060640
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D66BD3CC8366E3365D854C2F224190509AC2AA47
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A1039EFB909FE302BB4AD0CE88F5BD5AC430AE16
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02019-11-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:24:10
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/PreparationDt02019-11-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R MATTHEW VANHOEVEN
ReturnHeader/ReturnTs02019-11-20T15:24:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,510
Liabilities
$15,919
Net assets
-$14,409
Revenue
$7,105
Expenses
$11,495
Net income
-$4,390
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
2018Detailed filing. Detailed filing data is available for this year.$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