2024-11-15T14:18:43-06:00 2023-12-31 362170602 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2023-01-01 412057028 ILLINOIS POLICY INSTITUTE ILLI 3123465700 300 S RIVERSIDE PLAZA 1650 CHICAGO IL 60606 JOHN TILLMAN CHAIRMAN 3123465700 2024-11-15 1 1 CHRISTOPHER STRAUB P01278490 8472679600 2024-11-15 2023 2024-10-15 13:58:12Z MATTHEW PAPROCKI 300 S RIVERSIDE PLAZA 1650 CHICAGO IL 60606 7623100 0 X WWW.ILLINOISPOLICY.ORG X 2002 IL THE INSTITUTE IS A FREE MARKET ORIENTED THINK TANK DEDICATED TO GATHERING, DISSEMINATING, AND EDUCATING ILLINOIS CONSTITUENTS ON LOCAL, STATE, AND FEDERAL PUBLIC POLICY ISSUES FACING ILLINOIS. 8 8 0 0 0 0 5276788 7359133 0 0 316 27613 12639 20841 5289743 7407587 995000 505299 0 0 2078430 2357515 0 0 1310986 4723074 4498913 7796504 7361727 -2506761 45860 2835179 2638119 1478691 1235771 1356488 1402348 THE INSTITUTE IS A FREE MARKET ORIENTED THINK TANK DEDICATED TO GATHERING, DISSEMINATING, AND EDUCATING ILLINOIS CONSTITUENTS ON LOCAL, STATE, AND FEDERAL PUBLIC POLICY ISSUES FACING ILLINOIS. 0 0 5236368 505299 ILLINOIS POLICY INSTITUTE CONDUCTS RESEARCH ON A VARIETY OF ISSUES, INCLUDING FISCAL MATTERS, EDUCATION POLICY, AND GOVERNMENT REFORM. THE INSTITUTE SHARES ITS FINDINGS WITH RELEVANT AUDIENCES VIA POLICY PAPERS, MEDIA APPEARANCES, SPEAKING ENGAGEMENTS, AND OTHER PUBLIC FORUMS. ALL OF HE INSTITUTE'S RESEARCH IS DESIGNED TO BETTER EDUCATE AND BENEFIT ILLINOIS RESIDENTS, TAXPAYERS, MEDIA, AND GOVERNMENT OFFICIALS ON THE POLICIES CONFRONTING ILLINOIS. 5236368 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 19 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WI X JEFF ISOLA 3123465700 300 S RIVERSIDE PLAZA 1650 CHICAGO IL 60606 JOHN TILLMAN CHAIRMAN 5.00 3.00 X X 0 0 0 MARK MILLER SECRETARY 1.00 X X 0 0 0 ART MARGULIS TREASURER 1.00 X X 0 0 0 SHERRY STREET DIRECTOR 1.00 X 0 0 0 SARA ALBRECHT DIRECTOR 1.00 X 0 0 0 ED BACHRACH VICE CHAIRMAN 1.00 X 0 0 0 RICHARD WEISS DIRECTOR 1.00 X 0 0 0 CRAIG MANSKE DIRECTOR 1.00 X 0 0 0 MATTHEW PAPROCKI PRESIDENT 28.00 12.00 X 258178 112454 26489 MAILEE SMITH STAFF ATTORNEY 30.00 10.00 X 76263 25421 19906 AMY KORTE EXECUTIVE VP 30.00 10.00 X 127594 42531 6157 JAMES LONG VP OF GOVERNMENT AFF 24.00 16.00 X 82762 55175 22864 CHRISTOPHER ANDRIESEN VP OPERATIONS 28.00 12.00 X 83823 35924 22139 HILARY YELVINGTON VP OF COMMUNICATIONS 30.00 10.00 X 107000 35667 5567 735620 307172 103122 3 0 1 0 BEARING TREE 300 S RIVERSIDE PLAZA SUITE 1625 CHICAGO IL 60606 ADMINISTRATIVE, DEVELOPMENT, AND STRATEG 1446000 IRON LIGHT INC 300 S RIVERSIDE PLAZA SUITE 1625 CHICAGO IL 60606 MARKETING AND PROMOTION 947000 EVERY DOOR DIRECT MEDIA 205 E BUTTERFIELD RD 140 ELMHURST IL 60126 PRINTING AND MAILING MATERIALS 313984 NEXTAFTER LLC 5810 TENNYSON PAKRWAY PLANO TX 75024 DIGITAL MARKETING AND ADVERTISING 214500 ECHELON INSIGHTS 108 S WASHINGTON ST ALEXANDRIA VA 22314 MARKETING AND PROMOTION 155000 5 7359133 215513 7359133 34796 34796 208330 215513 -7183 -7183 -7183 MISCELLANEOUS REVENUE 900099 20841 20841 20841 7407587 20841 0 27613 X 505299 505299 282660 243087 14133 25440 1751468 1436009 14482 300977 46519 42234 376 3909 139095 125854 2036 11205 137773 113324 673 23776 1446599 744599 440000 262000 28270 28270 35445 35445 1396885 1007445 152789 236651 147530 95654 51876 510902 170044 29254 311604 163608 66764 45989 50855 181927 154755 8147 19025 68591 45538 13440 9613 227983 227047 3 933 1659 1659 22677 22677 OUTREACH AND POLLING 156520 156520 SUBSCRIPTIONS 43115 43115 TRAINING 39403 34403 5000 PRODUCTION 24677 24677 3122 3122 7361727 5236368 814373 1310986 165597 260011 2091 123091 580218 317983 17789 10877 116214 116214 0 0 2069484 1926157 2835179 2638119 157520 111480 1321171 1124291 1478691 1235771 X 1293894 999438 62594 402910 1356488 1402348 2835179 2638119 45860 0 X X 0 1 X 1 0 X 7211731 7488286 9889994 5276788 7359133 37225932 7211731 7488286 9889994 5276788 7359133 37225932 9911060 27314872 29680 4664 2322 3004 34796 74466 4845 7585 9951 20841 43222 37343620 0.73140 0.74540 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 4,845. 2020 AMOUNT: $ 7,585. 2022 AMOUNT: $ 9,951. 2023 AMOUNT: $ 20,841. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7361727 7361727 518086 129522 0 0 514670 630634 539825 518086 2203215 3304823 128668 157659 539825 129522 955674 1433511 116214 116214 0 0 DUE FROM AFFILIATE 1125509 DEPOSITS 33804 OPERATING LEASE RIGHT-OF-USE ASSET, NET OF ACCUMULATED AMORTIZATION 766844 1926157 DUE TO AFFILIATE 206274 OPERATING LEASE LIABILITY 918017 1124291 X PART X, LINE 2: THE ORGANIZATION HAS ADOPTED THE GUIDANCE IN THE FASB CODIFICATION TOPIC RELATED TO UNCERTAINTY IN INCOME TAXES WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE IN ITS TAX RETURNS. UNDER THE GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS "MORE LIKELY THAN NOT" THAT IT IS SUSTAINABLE, BASED ON ITS TECHNICAL MERITS. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION SHOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY HAVING FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS RETURNS. 1 BRADLEY IMPACT FUND 1400 N WATER STREET SUITE 300 MILWAUKEE WI 53202 454678325 501(C)(3) 500000 0 GRANT TO OTHER ORGANIZATION THAT SHARES THE SAME PRINCIPLES AS THE INSTITUTE 1 PART I, LINE 2: ALL SPENDING IS MONITORED THROUGH THE ACCOUNTING SOFTWARE AND PROJECT MANAGEMENT TOOLS. A NARRATIVE SUMMARY IS ALSO KEPT OF ALL PROJECTS. X X X X 0 0 0 0 0 0 0 0 0 MATTHEW PAPROCKI PRESIDENT 258178 112454 0 0 0 0 6463 2770 12079 5177 276720 120401 0 0 AMY KORTE EXECUTIVE VP 127594 42531 0 0 0 0 4618 1539 0 0 132212 44070 0 0 JAMES LONG VP OF GOVERNMENT AFF 82762 55175 0 0 0 0 3364 2243 10354 6903 96480 64321 0 0 X 3 215513 0 0 0 FORM 990, PART V, LINE 2A THE ORGANIZATION'S PERSONNEL ARE PAID BY BEARING TREE, INC., A PROFESSIONAL EMPLOYER ORGANIZATION WHICH IS WHOLLY OWNED BY A RELATED NOT-FOR-PROFIT ORGANIZATION. ALL W-2S ARE ISSUED BY BEARING TREE, INC. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT DUTIES ARE PERFORMED BY EMPLOYEES LEASED FROM A PROFESSIONAL EMPLOYER ORGANIZATION. THE PRESIDENT IS THE TOP MANAGEMENT OFFICIAL WHOSE SALARY IS DIRECTLY CHARGED TO ILLINOIS POLICY INSTITUTE (IPI). OTHER MANAGEMENT RESPONSIBILITIES WHICH ARE NOT DIRECTLY ALLOCATED TO IPI ARE CHARGED BACK TO IPI AS A MANAGEMENT FEE. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO SUBMISSION TO THE IRS, FORM 990 IS PROVIDED TO THE PRINCIPAL OFFICER AND GOVERNING BODY OF THE ORGANIZATION FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REVIEWS THE CONFLICT OF INTEREST POLICY ONCE A YEAR WITH THE BOARD OF DIRECTORS AND EMPLOYEES AND INQUIRES OF ANY MATERIAL CHANGES. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE PRESIDENT IS DETERMINED BY AN EXAMINATION OF COMPARABLE DATA FOR OTHER CEO'S IN THE INDUSTRY COUNTRYWIDE AND IN THE CHICAGOLAND AREA. THE INFORMATION FROM THAT RESEARCH IS SHARED WITH THE BOARD OF DIRECTORS WHO THEN APPROVE COMPENSATION FOR THE PRESIDENT. NOTE THAT AN INDEPENDENT CONSULTANT IS NOT UTILIZED. THE ENTIRE PROCESS IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, AND AUDITED FINANCIAL STATEMENTS WILL BE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONSULTING - GENERAL: PROGRAM SERVICE EXPENSES 60,445. MANAGEMENT AND GENERAL EXPENSES 77,128. FUNDRAISING EXPENSES 236,651. TOTAL EXPENSES 374,224. CONSULTING - MARKETING: PROGRAM SERVICE EXPENSES 947,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 947,000. RECRUITING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,043. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,043. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 65,618. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,618. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S AUDIT COMMITTEE IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT AUDIT FIRM. THE AUDIT COMMITTEE REVIEWS BIDS FROM AT LEAST 3 SEPERATE QUALIFIED FIRMS AND MAKES A SELECTION BASED ON QUALIFICATIONS. THIS PROCESS IS REPEATED AS NEEDED OR MINIMALLY EVERY 3 YEARS. A DRAFT OF THE AUDIT REPORT AND FINANCIAL STATEMENTS IS SUBMITTED TO THE AUDIT COMMITTEE FOR REVIEW AND A DISCUSSION WITH THE AUDIT FIRM IS HELD. THE AUDIT COMMITTEE MAKES A RECOMMENDTION TO THE FULL BOARD OF DIRECTORS FOR ACCEPTANCE OF THE DRAFT AUDITED FINANCIAL STATEMENTS AND THE BOARD OF DIRECTORS TAKES A VOTE TO ACCEPT OR NOT ACCEPT THE ADUITED FINANCIAL STATEMENTS. GOVERNMENT ACCOUNTABILITY ALLIANCE 300 S RIVERSIDE PLAZA SUITE 1625 CHICAGO IL 60606 454204629 INDEPENDENT GOVERNMENT WATCHDOG ADVOCATING FOR THE PEOPLE OF ILLINOIS IL 501(C)(4) 0 IRON LIGHT INC 300 S RIVERSIDE PLAZA SUITE 1625 CHICAGO IL 60606 823751169 DIGITAL MARKETING AND CREATIVE SERVICES IL N/A C 1 BEARING TREE INC 300 S RIVERSIDE PLAZA SUITE 1625 CHICAGO IL 60606 832543436 PAYROLL PROCESSING AND BENEFITS ADMINISTRATION IL N/A C 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 GOVERNMENT ACCOUNTABILITY ALLIANCE N 48239 ACTUAL CASH GOVERNMENT ACCOUNTABILITY ALLIANCE P 98370 ACTUAL CASH GOVERNMENT ACCOUNTABILITY ALLIANCE D 6625 ACTUAL CASH BEARING TREE INC M 1446000 ACTUAL CASH IRON LIGHT INC N 69864 ACTUAL CASH IRON LIGHT INC D 226364 ACTUAL CASH BEARING TREE INC D 686246 ACTUAL CASH BEARING TREE INC O 2357515 ACTUAL CASH IRON LIGHT INC M 947000 ACTUAL CASH