2015-01-26T17:21:57-06:00 2014-06-30 271243196 STANFIELD & ASSOCIATES 2001 BUTTERFIELD RD STE 1000 DOWNERS GROVE IL 605155476 990 2013-07-01 454092094 ILLINOIS SCIENCE AND TECHNOLOGY INSTITUTE ILLI 222 MERCHANDISE MART PLAZA ROOM/SUITE 1212 CHICAGO IL 606541103 MARK EDWARD HARRIS PRESIDENT 2015-01-22 true JOHN STANFIELD CPA P00961284 8773890607 2015-01-26 2013 2016-02-25 16:41:14Z MARK EDWARD HARRIS 222 MERCHADISE MART PLAZA CHICAGO IL 606541103 1107410 false X X 2011 IL THE 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. 14 14 0 0 502183 1107370 0 35 40 0 502218 1107410 395983 1056470 0 0 0 0 197 32334 396180 1088804 106038 18606 834966 869968 611416 627812 223550 242156 X THE 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. false false 1088804 1056470 PROVISIONS 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. 1088804 true false false false false false false false false false false false false false false true true false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false X 14 14 false false false false false false false true true false false true false true true false false false IL X THE ORGANIZATION 3122390350 222 MERCHANDISE MART PLAZA RM 1212 CHICAGO IL 60654 X ERIC ISAACS CHAIR X X 0 0 0 GERALD ROPER TREASURER X X 0 0 0 WARREN RIBLEY X 0 0 0 LINDA DARRAGH X 0 0 0 JEFFREY MAYS X 0 0 0 LAURA FRERICHS X 0 0 0 JOHN FLAVIN X 0 0 0 ROB FLEMING X 0 0 0 AZMI NABULSI X 0 0 0 JOHN LARSON X 0 0 0 MATT SUMMY X 0 0 0 CHRIS GLADWIN X 0 0 0 ROB LOWE X 0 0 0 ADAM POLLET X 0 0 0 MARK HARRIS CEO 40.00 X X 0 0 0 false false false 43675 1022777 40918 1107370 40 40 1107410 40 1056470 1056470 ADMINISTRATIVE EXPENSE 32334 32334 1088804 1088804 0 0 726524 797622 108442 70046 2300 834966 869968 41417 229059 569999 398753 611416 627812 X 223550 242156 223550 242156 834966 869968 18606 X false true X true false X 117500 502183 1106920 1726603 117500 502183 1106920 1726603 1726603 12 35 40 87 1726690 40 X 1107410 1107410 1107410 1088804 1088804 1088804 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION ADOPTED FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING UNCERTAINTY IN INCOME TAXES RECOGNIZED IN A ORGANIZATION'S FINANCIAL STATEMENTS. ASC 740 PROVIDES THAT A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON TECHNICAL MERITS. INCOME TAX POSITIONS MUST BE A MORE LIKELY-THAN-NOT RECOGNITION THRESHOLD AT THE EFFECTIVE DATE TO BE RECOGNIZED UPON THE ADOPTION OF ASC 740 AND IN SUBSEQUENT PERIODS. THIS INTERPRETATION ALSO PROVIDES GUIDANCE ON MEASUREMENT, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE FISCAL YEARS ENDING 2011, 2012, AND 2013 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED true 2 SCHEDULE I, PAGE 1, PART I, LINE 2 THE ORGANIZATION HAS A FORMAL WRITTEN PROCESS FOR THE APPLICATION AND DISTRIBUTION OF GRANT FUNDS. IT MONITORS ONGOING PROGRESS FOR THE PURPOSE OF THE GRANT. FORM 990 - ORGANIZATION'S MISSION THE 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 11B THE RETURN IS REVIEWED AT THE QUARTERLY MEETING CLOSEST TO THE FILING DUE DATE. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. ILLINOIS SCIENCE AND TECHNOLOGY COALITION 222 MERCHANDISE MART PLAZA RM 1212 CHICAGO IL 60654 R&D IL 501C 6 N/A false false true false false false false false false false false false false false true false false false false false