2013-12-20T12:14:14-06:00 2013-06-30 STANFIELD & ASSOCIATES 2001 BUTTERFIELD RD STE 1000 DOWNERS GROVE IL 605155476 990 2012-07-01 454092094 ILLINOIS SCIENCE AND TECHNOLOGY INSTITUTE ILLI 222 MERCHANDISE MART PLAZA ROOM/SUITE 1212 CHICAGO IL 606541103 MARK EDWARD HARRIS 2013-12-20 true JOHN STANFIELD CPA 6306059293 2013-12-20 2012 2015-11-30 17:44:51Z MARK EDWARD HARRIS 222 MERCHADISE MART PLAZA CHICAGO IL 606541103 502218 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. 11 11 0 0 117500 502183 0 12 35 0 117512 502218 395983 0 0 0 0 197 396180 117512 106038 225012 834966 107500 611416 117512 223550 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 336180 335983 PROVISIONS OF GRANTS FOR THE EDUCATION OF ILLINOIS RESIDENTS 60000 60000 PROVISION OF EDUCATIONAL RESOURCES THAT SUPPORT ECONOMIC DEVELOPMENT THROUGH SCIENCE AND TECHNOLOGY IN THE STATE OF ILLINOIS. 396180 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 11 11 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 STEVE JOHANNS 0.00 X X 0 0 0 GERALD ROPER 0.00 X X 0 0 0 WARREN RIBLEY 0.00 X 0 0 0 VINCE KWASNIEWSKI 0.00 X 0 0 0 JEFFREY MAYS 0.00 X 0 0 0 ANDRE MASON 0.00 X 0 0 0 JEANNE USHER 0.00 X 0 0 0 PERCIVAL BARETTO-KO 0.00 X 0 0 0 AZMI NABULSI 0.00 X 0 0 0 JOHN LARSON 0.00 X 0 0 0 MATT SUMMY 0.00 X 0 0 0 false false false 502183 502183 35 35 502218 35 395983 395983 197 197 396180 396180 0 0 225012 726524 108442 225012 834966 41417 107500 569999 107500 611416 X 117512 223550 117512 223550 225012 834966 106038 X false true X true false X 117500 502183 619683 117500 502183 619683 619683 12 35 47 619730 35 X 502218 502218 502218 396180 396180 396180 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X 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. false 335983 60000 ORGANIZATION'S MISSION 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. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE RETURN IS REVIEWED AT THE QUARTERLY MEETING CLOSEST TO THE FILING DUE DATE. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION 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 false false false false false false false false false false false false false false false false false false WE ARE REQUESTING AN ABATEMENT OF THE PENALTIES ASSOCIATED WITH THE ILLINOIS SCIENCE AND TECHNOLOGY INSTITUTE'S 2012 FORM 990 TAX RETURN. THE REASON THE PENALTY WOULD BE ASSESSED IS DUE TO LATE FILING OF THE RETURN. WHAT PREVENTED THE ORGANIZATION FROM REQUESTING AN EXTENSION OF TIME TO FILE ITS RETURN IS THE FACT THERE WAS A MISCOMMUNICATION BETWEEN OUR CURRENT TAX PREPARER AND FORMER ONE AS WE SWITCHED ACCOUNTANTS DURING THE 2012 TAX YEAR. WHILE WE ARE AWARE CHANGING ACCOUNTANTS IS A NORMAL COURSE OF BUSINESS, WE WERE TOLD BY OUR FORMER ACCOUNTANT THAT THEY HAD FILED THE EXTENSION, WHICH WE SUBSEQUENTLY WERE MADE AWARE WAS NOT CORRECT. OUR NEW ACCOUNTANT WAS MADE AWARE THAT IS NOT THE CASE, AND WE EXPEDITED THE FILING OF OUR RETURN IN ORDER TO BE COMPLIANT AS SOON AS WE WERE MADE AWARE OF THE ERROR. THE ORGANIZATION WAS NOT NEGLECTFUL OR CARELESS, BUT EXERCISED ORDINARY BUSINESS CARE AND PRUDENCE IN THAT WE RELIED ON THE REPRESENTATION OF OUR FORMER ACCOUNTANT THAT THE EXTENSION WAS