Form 990-EZ for tax year 2022
Filed by CHICAGO INVENTORS ORGANIZATION.
Totals
- Total revenue
- $115,449
- Total expenses
- $106,544
- Contributions and grants received
- $81,991
- Grants paid
- $0
- Program service revenue
- $33,458
- Membership dues (line 3)
- $0
- Investment income (line 4)
- $0
- Gain or loss on sale of assets (line 5c)
- $0
- Gaming and fundraising events, net (line 6d)
- $0
- Gross profit on inventory sales (line 7c)
- $0
- Other revenue (line 8)
- $0
- Total assets, end of year
- $92,033
- Total liabilities, end of year
- $73,435
- Net assets or fund balances, end of year
- $18,598
- Program service expenses (Part III)
- $105,835
Program services were 99.3% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2022
Primary exempt purpose
Chicago Inventors Organization assists inventors from low and moderate-income communities with limited financial resources whose products will create sustainable businesses and jobs in the Chicago metropolitan area during their navigation of the invention process.
-
CIO FY 7/1/2022 - 6/30/2023 2021 PERFORMANCE OUTCOMES for members and program participants. 1. Five Hundred+ Attendees at Seminars and Conference 2. Twenty+ Patents 3. Ten+ Patents Pending 4. Three Trademarks 5. TwoCopyrights 6. Twenty+ Computer Assisted Designs (CAD) 7. Thirty+ Prototypes 8. Five Business Formations 9. Nine Manufacturing Inventory Runs 10 Three Licensing Agreement Deals 11. Six Pending Licensing Agreements
Expenses $105,835
As filed on the 2022 return.
Listed in Part IV
-
Calvin Flowers
President
- Total calculated
- $35,700
- Compensation
- $35,700
- Benefit plans
- $0
- Expense account
- $0
- Hours/week
- 35
-
Adam Kelly
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Thomas Kuczmarski
Board Member
- Total calculated
- $0
- Hours/week
- 0.05
-
Millie Liggins
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Dennis Daniels
Vice President
- Total calculated
- $4,225
- Compensation
- $4,225
- Benefit plans
- $0
- Expense account
- $0
- Hours/week
- 10
-
Jennifer Turner
Treasurer
- Total calculated
- $1,500
- Compensation
- $1,500
- Benefit plans
- $0
- Expense account
- $0
- Hours/week
- 5
-
Kenneth A Matuszewski
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
David Girzadas
Board Member
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2022
- Filed
- 16 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401569349200505
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