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← ILLINOIS SCIENCE AND TECHNOLOGY INSTITUTE

Form 990 for tax year 2022

Filed by ILLINOIS SCIENCE AND TECHNOLOGY INSTITUTE.

What the amendment changed

Compared with the return it replaced , filed 15 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$656,527 changed to $588,527
Total expenses
$798,380 changed to $796,713
Contributions and grants received
$549,155 changed to $405,405
Grants paid
$50,585 changed to $50,844
Program service revenue
$107,117 changed to $182,867
Total assets, end of year
$731,927 changed to $717,214
Total liabilities, end of year
$331,354 changed to $364,949
Net assets or fund balances, end of year
$400,573 changed to $352,265
Management and general expenses
$261,990 changed to $260,323

Totals

Total revenue
$588,527
Total expenses
$796,713
Contributions and grants received
$405,405
Grants paid
$50,844
Program service revenue
$182,867
Investment income
$255
Other revenue
$0
Total assets, end of year
$717,214
Total liabilities, end of year
$364,949
Net assets or fund balances, end of year
$352,265
Program services expenses (Part IX)
$536,390
Management and general expenses
$260,323
Fundraising expenses
$0
Program service expenses (Part III)
$536,390

Program services were 67.3% 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

    $405,405

  • 2a · Program service revenue: PROGRAM FEES

    total $182,867 · related or exempt $182,867

  • 3 · Investment income

    total $255 · excluded $255

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $37,344 · program services $37,344

  • 2 · Grants to domestic individuals

    total $13,500 · program services $13,500

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $403,765 · program services $271,464 · management and general $132,301

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $55,064 · program services $45,771 · management and general $9,293

  • 10 · Payroll taxes

    total $30,892 · program services $20,771 · management and general $10,121

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $159,213 · program services $116,085 · management and general $43,128

  • 12 · Advertising and promotion

    total $7,199 · management and general $7,199

  • 13 · Office expenses

    total $990 · management and general $990

  • 14 · Information technology

    total $1,874 · management and general $1,874

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $27,312 · management and general $27,312

  • 17 · Travel

    total $4,028 · program services $4,028

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $5,306 · management and general $5,306

  • 24a · Other expenses: MEMBERSHIP & SUBCRIPTIONS

    total $22,799 · management and general $22,799

  • 24b · Other expenses: Events

    total $18,348 · program services $18,348

  • 24c · Other expenses: Supplies

    total $9,079 · program services $9,079

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $606,036 · end of year $427,355

  • 2 · Savings and temporary cash investments

    beginning of year $283,724 · end of year $283,979

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $50,000 · end of year $5,880

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,050 · end of year $0

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

    $1,600

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

    $1,600

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,719 · end of year $3,859

  • 19 · Deferred revenue

    beginning of year $296,640 · end of year $330,620

  • 25 · Other liabilities

    end of year $30,470

  • 27 · Net assets without donor restrictions

    beginning of year $560,451 · end of year $352,265

Mission and programs · 2022

Mission

THE INSTITUTE WILL ADVANCE SCIENCE AND TECHNOLOGY THROUGH THE EDUCATION OF ILLINOIS RESIDENTS, THE PROVISION OF GRANTS TO INSTITUTIONS AND ORGANIZATIONS FOR SCIENTIFIC RESEARCH IN THE AREAS OF SCIENCE AND TECHNOLOGY, AND BY PROVIDING EDUCATIONAL RESOURCES FOR ENTREPRENEURISM, TECHNOLOGY TRANSFER, AND OTHER EDUCATION INITIATIVES THAT SUPPORT ECONOMIC DEVELOPMENT THROUGH SCIENCE AND TECHNOLOGY IN THE STATE OF ILLINOIS.

  • PROVISION OF GRANTS FOR THE EDUCATION OF ILLINOIS RESIDENTS. PROVISION OF EDUCATIONAL RESOURCES THAT SUPPORT ECONOMIC DEVELOPMENT THROUGH SCIENCE AND TECHNOLOGY IN THE STATE OF ILLINOIS.

    Expenses $536,390 · Revenue $107,117

As filed on the 2022 return.

Listed in Part VII

  • Bill Payne

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Laura Frerichs

    Director

    Total calculated
    $0
    Hours/week
    1

  • TJ Augustine

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Bray

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Yvonne Harris

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rob Patino

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jess Goode

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jose Leboreiro Hernandez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kumar Natesaiyer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bob Greenlee

    Director

    Total calculated
    $0
    Hours/week
    1

  • Holly Copeland

    Director

    Total calculated
    $0
    Hours/week
    1

  • Larry Kuhn

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tope Sadiku

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Nicole Presperin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vivek Mehta

    Director

    Total calculated
    $0
    Hours/week
    1

  • Somali Tomczak

    Director

    Total calculated
    $0
    Hours/week
    1

  • Azurii Collier

    Director

    Total calculated
    $0
    Hours/week
    1

  • Colleen Wright

    Director

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

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.

  • ILLINOIS SCIENCE TECHNOLOGY COALITION

    501C6 · GRANT SUPPORT · IL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2025
IRS schema version
2022v5.0
Source object
202531339349301688

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