ILLINOIS SCIENCE AND TECHNOLOGY INSTITUTE: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
ILLINOIS SCIENCE AND TECHNOLOGY INSTITUTE (EIN 45-4092094)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-05-15
IRS object ID
201941359349310384
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-05-15T15:17:27-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271243196PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STANFIELD & ASSOCIATESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12001 BUTTERFIELD RD STE 1000AddressLine1Txt
CityDOWNERS GROVECityNm
State AbbreviationILStateAbbreviationCd
ZIP605155476ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN454092094EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ILLINOIS SCIENCE AND TECHNOLOGYBusinessNameLine1Txt
Business Name Line2INSTITUTEBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlILLIBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1222 MERCHANDISE MART PLAZA 1212AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP606541103ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK HARRISPersonNm
Person TitleCEOPersonTitleTxt
Phone3122390324PhoneNum
Signature2019-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOHN STANFIELD CPAPreparerPersonNm
PTINP00961284PTIN
Phone8773890607PhoneNum
Preparation2019-05-15PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address167.68.16.49IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-05-15IPDt
IP Tm15:17:27IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id0D6111DE887E7AF52DE09838A5A5DE7E32FE3032AtSubmissionCreationDeviceId
At Submission Filing Device IdA7C22AA24D7A78CE5033AEF849F0E3A860488B27AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK HARRISPrincipalOfficerNm
Gross Receipts$743,943GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ISTCOALITION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTHE INSTITUTE WILL ADVANCE SCIENCE AND TECHNOLOGY THROUGH THE EDUCATION OF ILLNOIS 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.ActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$711,588PYContributionsGrantsAmt
CY Contributions Grants$743,637CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$237PYInvestmentIncomeAmt
CY Investment Income$306CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$711,825PYTotalRevenueAmt
CY Total Revenue$743,943CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$540,540PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$543,830CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$298,946PYOtherExpensesAmt
CY Other Expenses$212,922CYOtherExpensesAmt
PY Total Expenses$839,486PYTotalExpensesAmt
CY Total Expenses$756,752CYTotalExpensesAmt
PY Revenues Less Expenses-$127,661PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$12,809CYRevenuesLessExpensesAmt
Total Assets BOY$467,107TotalAssetsBOYAmt
Total Assets EOY$898,866TotalAssetsEOYAmt
Total Liabilities BOY$348,677TotalLiabilitiesBOYAmt
Total Liabilities EOY$793,245TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$118,430NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$105,621NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE INSTITUTE WILL ADVANCE SCIENCE AND TECHNOLOGY THROUGH THE EDUCATION OF ILLNOIS 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.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$715,360ExpenseAmt
DescPROVISIONS OF GRANTS FOR THE EDUCATION OF ILLINOIS RESIDENTSDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescPROVISION OF EDUCATIONAL RESOURCES THAT SUPPORT ECONOMIC DEVELOPMENT THROUGH SCIENCE AND TECHNOLOGY IN THE STATE OF ILLINOIS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$715,360TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3122390350PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1222 MERCHANDISE MART PLAZA RM 1212AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60654ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ERIC ISAACS
CHAIRYes (X)Yes (X)$0$0$0
GERALD ROPER
TREASURERYes (X)Yes (X)$0$0$0
MARK HARRIS
CEOYes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Federated Campaigns$462,450FederatedCampaignsAmt
Government Grants$242,038GovernmentGrantsAmt
All Other Contributions$39,149AllOtherContributionsAmt
Total Contributions$743,637TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$306TotalRevenueColumnAmt
Exclusion$306ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$743,943TotalRevenueColumnAmt
Exclusion$306ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$447,000TotalAmt
Program Services$419,104ProgramServicesAmt
Management And General$27,896ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$96,830TotalAmt
Program Services$91,834ProgramServicesAmt
Management And General$4,996ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$8,430TotalAmt
Program Services$8,430ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$117,564TotalAmt
Program Services$109,064ProgramServicesAmt
Management And General$8,500ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$70,889TotalAmt
Program Services$70,889ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$16,039TotalAmt
Program Services$16,039ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$756,752TotalAmt
Program Services$715,360ProgramServicesAmt
Management And General$41,392ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$396,418BOYAmt
EOY$799,807EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$65,250BOYAmt
EOY$96,499EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,600LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,340LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$640BOYAmt
EOY$260EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,799BOYAmt
EOY$2,300EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$467,107BOYAmt
EOY$898,866EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$41,372BOYAmt
EOY$29,477EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$307,305BOYAmt
EOY$763,768EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$348,677BOYAmt
EOY$793,245EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$118,430BOYAmt
EOY$105,621EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$118,430BOYAmt
EOY$105,621EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$467,107BOYAmt
EOY$898,866EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$12,809ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,106,920CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$541,840CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$664,079CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$711,588CurrentTaxYearMinus1YearAmt
Current Tax Year$743,637CurrentTaxYearAmt
Total$3,768,064TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,106,920CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$541,840CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$664,079CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$711,588CurrentTaxYearMinus1YearAmt
Current Tax Year$743,637CurrentTaxYearAmt
Total$3,768,064TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$3,768,064PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$40CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$70CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$74CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$237CurrentTaxYearMinus1YearAmt
Current Tax Year$306CurrentTaxYearAmt
Total$727TotalAmt
FieldValueIRS element (for citing)
Total Support$3,768,791TotalSupportAmt
Public Support CY1700.99980PublicSupportCY170Pct
Public Support PY1700.99990PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,600OtherCostOrOtherBasisAmt
Depreciation$1,340DepreciationAmt
Book Value$260BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$260TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$743,943TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$743,943RevenueSubtotalAmt
Total Revenue Per Form990$743,943TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$756,752TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$756,752ExpensesSubtotalAmt
Total Expenses Per Form990$756,752TotalExpensesPerForm990Amt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTHE INSTITUTE WILL ADVANCE SCIENCE AND TECHNOLOGY THROUGH THE EDUCATION OF ILLNOIS 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.
FORM 990, PAGE 6, PART VI, LINE 11BTHE RETURN IS REVIEWED AT THE QUARTERLY MEETING CLOSEST TO THE FILING DUE DATE.
FORM 990, PAGE 6, PART VI, LINE 19DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GCONTRACTUAL 109,064 8,500 0

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