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← ILLINOIS POLICY INSTITUTE

Form 990 for tax year 2023

Filed by ILLINOIS POLICY INSTITUTE.

Totals

Total revenue
$7,407,587
Total expenses
$7,361,727
Contributions and grants received
$7,359,133
Grants paid
$505,299
Program service revenue
$0
Investment income
$27,613
Other revenue
$20,841
Total assets, end of year
$2,638,119
Total liabilities, end of year
$1,235,771
Net assets or fund balances, end of year
$1,402,348
Program services expenses (Part IX)
$5,236,368
Management and general expenses
$814,373
Fundraising expenses
$1,310,986
Program service expenses (Part III)
$5,236,368

Program services were 71.1% 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

    $7,359,133

  • 1g · Noncash contributions included above

    $215,513

  • 3 · Investment income

    total $34,796 · excluded $34,796

  • 7a · Gross sales of assets other than inventory

    securities $208,330

  • 7b · Less cost or other basis and sales expenses

    securities $215,513

  • 7c · Gain or loss

    securities -$7,183

  • 7d · Net gain or loss

    total -$7,183 · excluded -$7,183

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $20,841 · related or exempt $20,841

  • 11e · Other revenue, total

    $20,841

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $505,299 · program services $505,299

  • 5 · Compensation of officers, directors and key employees

    total $282,660 · program services $243,087 · management and general $14,133 · fundraising $25,440

  • 7 · Other salaries and wages

    total $1,751,468 · program services $1,436,009 · management and general $14,482 · fundraising $300,977

  • 8 · Pension plan contributions

    total $46,519 · program services $42,234 · management and general $376 · fundraising $3,909

  • 9 · Other employee benefits

    total $139,095 · program services $125,854 · management and general $2,036 · fundraising $11,205

  • 10 · Payroll taxes

    total $137,773 · program services $113,324 · management and general $673 · fundraising $23,776

  • 11a · Fees: management

    total $1,446,599 · program services $744,599 · management and general $440,000 · fundraising $262,000

  • 11b · Fees: legal

    total $28,270 · management and general $28,270

  • 11c · Fees: accounting

    total $35,445 · management and general $35,445

  • 11g · Fees: other

    total $1,396,885 · program services $1,007,445 · management and general $152,789 · fundraising $236,651

  • 12 · Advertising and promotion

    total $147,530 · program services $95,654 · fundraising $51,876

  • 13 · Office expenses

    total $510,902 · program services $170,044 · management and general $29,254 · fundraising $311,604

  • 14 · Information technology

    total $163,608 · program services $66,764 · management and general $45,989 · fundraising $50,855

  • 16 · Occupancy

    total $181,927 · program services $154,755 · management and general $8,147 · fundraising $19,025

  • 17 · Travel

    total $68,591 · program services $45,538 · management and general $13,440 · fundraising $9,613

  • 19 · Conferences, conventions and meetings

    total $227,983 · program services $227,047 · management and general $3 · fundraising $933

  • 20 · Interest

    total $1,659 · management and general $1,659

  • 23 · Insurance

    total $22,677 · management and general $22,677

  • 24a · Other expenses: OUTREACH AND POLLING

    total $156,520 · program services $156,520

  • 24b · Other expenses: SUBSCRIPTIONS

    total $43,115 · program services $43,115

  • 24c · Other expenses: TRAINING

    total $39,403 · program services $34,403 · management and general $5,000

  • 24d · Other expenses: PRODUCTION

    total $24,677 · program services $24,677

  • 24e · All other expenses

    total $3,122 · fundraising $3,122

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $165,597 · end of year $260,011

  • 2 · Savings and temporary cash investments

    beginning of year $2,091 · end of year $123,091

  • 3 · Pledges and grants receivable

    beginning of year $580,218 · end of year $317,983

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,789 · end of year $10,877

  • 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 $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,069,484 · end of year $1,926,157

  • 17 · Accounts payable and accrued expenses

    beginning of year $157,520 · end of year $111,480

  • 25 · Other liabilities

    beginning of year $1,321,171 · end of year $1,124,291

  • 27 · Net assets without donor restrictions

    beginning of year $1,293,894 · end of year $999,438

  • 28 · Net assets with donor restrictions

    beginning of year $62,594 · end of year $402,910

Mission and programs · 2023

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 RESIDENTS, TAXPAYERS, MEDIA, AND GOVERNMENT OFFICIALS ON THE POLICIES CONFRONTING ILLINOIS.

    Expenses $5,236,368 · Grants $505,299

As filed on the 2023 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
    $397,121
    From this org
    $258,178
    From related orgs
    $112,454
    Other
    $26,489
    Hours/week
    28 + 12 related

    Schedule J breakdown matched by us

    Base
    $258,178 + $112,454 related
    Bonus
    $0
    Other
    $0
    Deferred
    $6,463 + $2,770 related
    Nontaxable benefits
    $12,079 + $5,177 related
    Filer's total
    $276,720 + $120,401 related

  • Mailee Smith

    STAFF ATTORNEY

    Total calculated
    $121,590
    From this org
    $76,263
    From related orgs
    $25,421
    Other
    $19,906
    Hours/week
    30 + 10 related

  • Amy Korte

    EXECUTIVE VP

    Total calculated
    $176,282
    From this org
    $127,594
    From related orgs
    $42,531
    Other
    $6,157
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $127,594 + $42,531 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,618 + $1,539 related
    Nontaxable benefits
    $0
    Filer's total
    $132,212 + $44,070 related

  • James Long

    VP OF GOVERNMENT AFF

    Total calculated
    $160,801
    From this org
    $82,762
    From related orgs
    $55,175
    Other
    $22,864
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $82,762 + $55,175 related
    Bonus
    $0
    Other
    $0
    Deferred
    $3,364 + $2,243 related
    Nontaxable benefits
    $10,354 + $6,903 related
    Filer's total
    $96,480 + $64,321 related

  • Christopher Andriesen

    VP OPERATIONS

    Total calculated
    $141,886
    From this org
    $83,823
    From related orgs
    $35,924
    Other
    $22,139
    Hours/week
    28 + 12 related

  • Hilary Yelvington

    VP OF COMMUNICATIONS

    Total calculated
    $148,234
    From this org
    $107,000
    From related orgs
    $35,667
    Other
    $5,567
    Hours/week
    30 + 10 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

    $500,000

    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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349317761

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