Civic Intelligence

Heartland Science and Technology Group

990 • Fiscal year 2022 • EIN 47-2272542

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 29, 2023

4605 Brittany Trail DriveChampaign, IL 61822

(217) 898-7735

Siviq Scores

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

Liabilities / Assets

76th percentile

0.31x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

50th percentile

0.08x

Higher debt load relative to revenue than 50% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

33rd percentile

-0.7%

Higher net margin than 33% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

97th percentile

$404,386

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 25.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

4th percentile

-33%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$408,089

Down $196,504 (-33%) from 2021

Net Assets

Down

$282,722

Down $10,435 (-3.6%) from 2021

Liabilities

Down

$125,367

Down $186,069 (-60%) from 2021

Revenue

Up

$1,566,958

Up $150,414 (+11%) from 2021

Expenses

Up

$1,577,393

Up $547,605 (+53%) from 2021

Net Income

Down

-$10,435

Down $397,191 (-103%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2016: $44,450Liabilities 2016: $259,097Net Assets 2016: -$214,6472016Assets 2017: $251,810Liabilities 2017: $404,206Net Assets 2017: -$152,3962017Assets 2018: $258,122Liabilities 2018: $433,039Net Assets 2018: -$174,9172018Assets 2019: $256,233Liabilities 2019: $422,992Net Assets 2019: -$166,7592019Assets 2020: $399,154Liabilities 2020: $492,753Net Assets 2020: -$93,5992020Assets 2021: $604,593Liabilities 2021: $311,436Net Assets 2021: $293,1572021Assets 2022: $408,089Liabilities 2022: $125,367Net Assets 2022: $282,7222022Assets 2023: $476,223Liabilities 2023: $98,942Net Assets 2023: $377,2812023Assets 2024: $564,156Liabilities 2024: $240,894Net Assets 2024: $323,2622024

Highlighted filing

2022

Assets$408,089
Liabilities$125,367
Net Assets$282,722

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2016: $242,762Expenses 2016: $353,408Net Income 2016: -$110,6462016Revenue 2017: $582,951Expenses 2017: $520,700Net Income 2017: $62,2512017Revenue 2018: $584,947Expenses 2018: $607,468Net Income 2018: -$22,5212018Revenue 2019: $665,071Expenses 2019: $656,913Net Income 2019: $8,1582019Revenue 2020: $1,043,013Expenses 2020: $969,853Net Income 2020: $73,1602020Revenue 2021: $1,416,544Expenses 2021: $1,029,788Net Income 2021: $386,7562021Revenue 2022: $1,566,958Expenses 2022: $1,577,393Net Income 2022: -$10,4352022Revenue 2023: $1,646,754Expenses 2023: $1,552,194Net Income 2023: $94,5602023Revenue 2024: $1,513,378Expenses 2024: $1,446,206Net Income 2024: $67,1722024

Highlighted filing

2022

Revenue$1,566,958
Expenses$1,577,393
Net Income-$10,435
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 29, 2023
Return Version
2022v5.0
Gross Receipts
$1,566,958
Mission and Program Overview

Mission

Solving technical challenges of

Solving technical challenges of national, local, and public interest by engaging in scientific research and engineering development for the benefit of the public

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$117,677$287,149▲ $169,472
Rtn Earn Endowment Incm Other Fnds$293,157$282,722▼ $10,435
Cash and Non-Interest-Bearing Accounts$479,283$113,526▼ $365,757
Loans From Officers Directors$235,975$64,476▼ $171,499
Land, Buildings, and Equipment, Net$7,633$7,414▼ $219
Total Assets$604,593$408,089▼ $196,504
Liabilities
Accounts Payable and Accrued Expenses$75,461$60,891▼ $14,570
Total Liabilities$311,436$125,367▼ $186,069
Net Assets / Fund Balance
Total Net Assets Fund Balance$293,157$282,722▼ $10,435
Total Liabilities and Net Assets / Fund Balance$604,593$408,089▼ $196,504

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,414$4,837$12,251
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Glen R SaloPresidentFT$404,386-$404,386
Glen R Salo--$359,386$45,000$404,386
Andrew McClintickEmployeeFT$141,935-$141,935
Richard FlemingEmployeeFT$141,579-$141,579
James N Bower JrBoard Member-$3,771-$3,771
Michael FolkBoard Member-$2,000-$2,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Canwin TechnologiesSoftware developmentNew15 Old93 W Block 1st Floor 2nd S, Chennai, In$163,927
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,566,860
Investment Income
$98
Other Revenue
$0
Change in Net Assets
$-10,435

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,566,958
Total Revenue per Audited Statements
$1,566,958
Total Revenue per Form 990
$1,566,958
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$869,456
Salaries, Compensation, and Employee Benefits$707,937
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$786,883$0$0$786,883
Current Officers, Directors, Trustees, and Key Employees$526,396$145,641$0$672,037
Fees for Services Management$45,224$0$0$45,224
Payroll Taxes$30,472$5,428$0$35,900
Fees for Services Accounting$15,000$0$0$15,000
Fees for Services Legal$7,625$0$0$7,625
Insurance$4,021$0$0$4,021
Payment Travel Entrtnmnt Publicly Ofcl$3,479$0$0$3,479
Other Expenses$2,662$0$0$2,662
Depreciation Depletion$2,235$0$0$2,235
Occupancy$1,200$0$0$1,200
All Other Expenses$1,077$0$0$1,077
Interest$50$0$0$50
Total Functional Expenses$1,426,324$151,069$0$1,577,393

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,577,393
Total Expenses per Audited Statements$1,577,393
Total Expenses per Form 990$1,577,393
International Activity

International Summary

Offices
1
Employees
1
Spending
$163,927

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaProgram servicesSoftware development11$163,927
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
Loans from Officers, Directors, Trustees, and Key Employees$235,975$64,476▼ $171,499
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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
Filing and Contact Details

Filer

Filer Name
Heartland Science and Technology Group
EIN
47-2272542
Phone
2178987735
Address
4605 BRITTANY TRAIL DRIVE, CHAMPAIGN, IL 61822

Signing Officer

Name
Glen R Salo
Title
President
Phone
2178987735
Signed
2023-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glen R Salo
Formed
2014
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
2
Employees
9
Volunteers
0

Preparer

Firm
YG Financial Group PC
Address
804 N Neil St Ste 103, CHAMPAIGN, IL 61820
Preparer
Chad Hettmansberger
Phone
2173516900
Supplemental Narrative

Additional Explanations

Pt XII, Line 1

Page 11, Part X, line 4 - Accounts receivable consists of accounts receivable balances due from customers.

Pt X

Page 11, Part X, line 17 - Accounts payable and accrued expenses consist of accrued wages and related payroll taxes and employee benefits.

Pt VI, Line 11B

The Chairman will review and approve the return before filing. Presentation will occur to the Board at a scheduled meeting.

Pt VI, Line 12C

Compliance with this policy is monitored and enforced by the chairman who monitors and reports all conflicts to the board.

Pt VI, Line 15A

The Board of Directors shall hire and set the compensation of any and all executives and the President shall hire and set the salary of all employees needed to conduct the business of the organization.

Pt VI, Line 15B

The Board may appoint an Executive Director for the duties. In the absence of an Executive Director, the Chairman of the Board shall perform these duties subject to the approval of the Board of Directors.

Form 990, Part IX, Line 11G

Subcontractors 786883. 786883. 0. 0.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03709267
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt03709267
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01416418
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01042955
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0665022
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0584872
IRS990ScheduleA/Total509Grp/TotalAmt03709267
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03709267
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt07414
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04837
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012251
IRS990ScheduleD/ExpensesSubtotalAmt01577393
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/RevenueSubtotalAmt01566958
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07414
IRS990ScheduleD/TotalExpensesPerForm990Amt01577393
IRS990ScheduleD/TotalRevenuePerForm990Amt01566958
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01566958
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01577393
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0163927
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Software development
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0163927
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0The organization does not provide grants.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt0163927
IRS990ScheduleF/TransferToForeignCorpInd0true
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0359386
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount045000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Glen R Salo
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0404386
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Page 11, Part X, line 4 - Accounts receivable consists of accounts receivable balances due from customers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Page 11, Part X, line 17 - Accounts payable and accrued expenses consist of accrued wages and related payroll taxes and employee benefits.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Chairman will review and approve the return before filing. Presentation will occur to the Board at a scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compliance with this policy is monitored and enforced by the chairman who monitors and reports all conflicts to the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors shall hire and set the compensation of any and all executives and the President shall hire and set the salary of all employees needed to conduct the business of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board may appoint an Executive Director for the duties. In the absence of an Executive Director, the Chairman of the Board shall perform these duties subject to the approval of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUBCONTRACTORS 786883. 786883. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0604593
IRS990/TotalAssetsEOYAmt0408089
IRS990/TotalAssetsGrp/BOYAmt0604593
IRS990/TotalAssetsGrp/EOYAmt0408089
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0151069
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01426324
IRS990/TotalFunctionalExpensesGrp/TotalAmt01577393
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0311436
IRS990/TotalLiabilitiesEOYAmt0125367
IRS990/TotalLiabilitiesGrp/BOYAmt0311436
IRS990/TotalLiabilitiesGrp/EOYAmt0125367
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0293157
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0282722
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01426324
IRS990/TotalProgramServiceRevenueAmt01566860
IRS990/TotalReportableCompFromOrgAmt0693671
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01566958
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01566958
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0604593
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0408089
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

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