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Nonprofiteer
← ILLINOIS POLICY INSTITUTE

Form 990 for tax year 2022

Filed by ILLINOIS POLICY INSTITUTE.

Totals

Total revenue
$5,289,743
Total expenses
$7,796,504
Contributions and grants received
$5,276,788
Grants paid
$995,000
Program service revenue
$0
Investment income
$316
Other revenue
$12,639
Total assets, end of year
$2,835,179
Total liabilities, end of year
$1,478,691
Net assets or fund balances, end of year
$1,356,488
Program services expenses (Part IX)
$6,209,539
Management and general expenses
$823,831
Fundraising expenses
$763,134
Program service expenses (Part III)
$6,209,539

Program services were 79.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $5,276,788

  • 3 · Investment income

    total $316 · excluded $316

  • 5 · Royalties

    total $2,688 · excluded $2,688

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $9,951 · related or exempt $9,951

  • 11e · Other revenue, total

    $9,951

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $995,000 · program services $995,000

  • 5 · Compensation of officers, directors and key employees

    total $257,447 · program services $221,405 · management and general $12,872 · fundraising $23,170

  • 7 · Other salaries and wages

    total $1,531,725 · program services $1,447,766 · management and general $1,943 · fundraising $82,016

  • 8 · Pension plan contributions

    total $41,438 · program services $35,084 · management and general $158 · fundraising $6,196

  • 9 · Other employee benefits

    total $127,309 · program services $109,780 · management and general $3,646 · fundraising $13,883

  • 10 · Payroll taxes

    total $120,511 · program services $101,555 · management and general $557 · fundraising $18,399

  • 11a · Fees: management

    total $1,380,050 · program services $672,050 · management and general $392,400 · fundraising $315,600

  • 11b · Fees: legal

    total $82,678 · management and general $82,678

  • 11c · Fees: accounting

    total $24,095 · management and general $24,095

  • 11g · Fees: other

    total $1,229,250 · program services $1,050,988 · management and general $33,629 · fundraising $144,633

  • 12 · Advertising and promotion

    total $38,260 · management and general $37,260 · fundraising $1,000

  • 13 · Office expenses

    total $689,478 · program services $530,684 · management and general $85,353 · fundraising $73,441

  • 14 · Information technology

    total $175,389 · program services $127,366 · management and general $23,431 · fundraising $24,592

  • 16 · Occupancy

    total $182,548 · program services $98,892 · management and general $71,252 · fundraising $12,404

  • 17 · Travel

    total $85,480 · program services $64,162 · management and general $4,669 · fundraising $16,649

  • 19 · Conferences, conventions and meetings

    total $95,367 · program services $31,451 · management and general $34,927 · fundraising $28,989

  • 20 · Interest

    total $78 · management and general $78

  • 22 · Depreciation, depletion and amortization

    total $2,707 · program services $2,165 · management and general $271 · fundraising $271

  • 23 · Insurance

    total $14,049 · management and general $14,049

  • 24a · Other expenses: PRODUCTION

    total $631,996 · program services $631,996

  • 24b · Other expenses: TRAINING

    total $40,978 · program services $40,679 · management and general $299

  • 24c · Other expenses: SUBSCRIPTIONS

    total $40,577 · program services $38,422 · management and general $264 · fundraising $1,891

  • 24d · Other expenses: OUTREACH AND POLLING

    total $10,094 · program services $10,094

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,092,449 · end of year $165,597

  • 2 · Savings and temporary cash investments

    beginning of year $30,932 · end of year $2,091

  • 3 · Pledges and grants receivable

    beginning of year $5,092,766 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,148 · end of year $144,295

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,286 · end of year $17,789

  • 10a · Land, buildings and equipment: cost or other basis

    $116,214

  • 10b · Land, buildings and equipment: accumulated depreciation

    $116,214

  • 10c · Land, buildings and equipment, net

    beginning of year $2,707 · end of year $0

  • 15 · Other assets

    beginning of year $588,182 · end of year $2,505,407

  • 17 · Accounts payable and accrued expenses

    beginning of year $192,398 · end of year $157,520

  • 18 · Grants payable

    beginning of year $2,700,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $123,823 · end of year $1,321,171

  • 27 · Net assets without donor restrictions

    beginning of year $3,855,919 · end of year $1,293,894

  • 28 · Net assets with donor restrictions

    beginning of year $7,330 · end of year $62,594

Mission and programs · 2022

Mission

THE INSTITUTE IS A FREE MARKET ORIENTED THINK TANK DEDICATED TO GATHERING, DISSEMINATING, AND EDUCATING ILLINOIS CONSTITUENTS ON LOCAL, STATE, AND FEDERAL PUBLIC POLICY ISSUES FACING ILLINOIS.

  • ILLINOIS POLICY INSTITUTE CONDUCTS RESEARCH ON A VARIETY OF ISSUES, INCLUDING FISCAL MATTERS, EDUCATION POLICY, AND GOVERNMENT REFORM. THE INSTITUTE SHARES ITS FINDINGS WITH RELEVANT AUDIENCES VIA POLICY PAPERS, MEDIA APPEARANCES, SPEAKING ENGAGEMENTS, AND OTHER PUBLIC FORUMS. ALL OF HE INSTITUTE'S RESEARCH IS DESIGNED TO BETTER EDUCATE AND BENEFIT ILLINOIS RESIDENS, TAXPAYERS, MEDIA, AND GOVERNMENT OFFICIALS ON THE POLICIES CONFRONTING ILLINOIS.

    Expenses $6,209,539 · Grants $995,000

As filed on the 2022 return.

Listed in Part VII

  • JOHN TILLMAN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5 + 3 related

  • MARK MILLER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ART MARGULIS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SHERRY STREET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARA ALBRECHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ED BACHRACH

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • RICHARD WEISS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CRAIG MANSKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW PAPROCKI

    PRESIDENT

    Total calculated
    $417,178
    From this org
    $238,021
    From related orgs
    $155,752
    Other
    $23,405
    Hours/week
    28 + 12 related

    Schedule J breakdown matched by us

    Base
    $238,021 + $155,752 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,680 + $3,120 related
    Nontaxable benefits
    $9,363 + $6,242 related
    Filer's total
    $252,064 + $165,114 related

  • ADAM SCHUSTER

    VICE PRESIDENT

    Total calculated
    $155,256
    From this org
    $87,794
    From related orgs
    $57,381
    Other
    $10,081
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $87,794 + $57,381 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,123 + $1,415 related
    Nontaxable benefits
    $3,926 + $2,617 related
    Filer's total
    $93,843 + $61,413 related

  • AMY KORTE

    DIRECTOR OF POLICY

    Total calculated
    $156,185
    From this org
    $92,892
    From related orgs
    $57,724
    Other
    $5,569
    Hours/week
    28 + 12 related

    Schedule J breakdown matched by us

    Base
    $92,892 + $57,724 related
    Bonus
    $0
    Other
    $0
    Deferred
    $3,341 + $2,228 related
    Nontaxable benefits
    $0
    Filer's total
    $96,233 + $59,952 related

  • JAMES LONG

    DIRECTOR OF GOVERNMENT AFF

    Total calculated
    $149,891
    From this org
    $71,228
    From related orgs
    $57,067
    Other
    $21,596
    Hours/week
    24 + 16 related

  • ELIZABETH SHYDLOWSKI

    EXTERNAL RELATIONS OFFICER

    Total calculated
    $171,432
    From this org
    $97,048
    From related orgs
    $64,516
    Other
    $9,868
    Hours/week
    28 + 12 related

    Schedule J breakdown matched by us

    Base
    $97,048 + $64,516 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,700 + $1,800 related
    Nontaxable benefits
    $3,221 + $2,147 related
    Filer's total
    $102,969 + $68,463 related

  • HILLARY YELVINGTON

    VP OF COMMUNICATIONS

    Total calculated
    $123,663
    From this org
    $84,067
    From related orgs
    $34,982
    Other
    $4,614
    Hours/week
    28 + 12 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • BRADLEY IMPACT FUND

    $995,000

    GRANT TO OTHER ORGANIZATION THAT SHARES THE SAME PRINCIPLES AS THE INSTITUTE

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • IRON LIGHT INC

    C · DIGITAL MARKETING AND CREATIVE SERVICES · IL · controlled entity

  • BEARING TREE INC

    C · PAYROLL PROCESSING AND BENEFITS ADMINISTRATION · IL · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349320604

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