2025-02-19T12:49:57-06:00 2024-06-30 362985770 SELDEN FOX LTD ONE PARKVIEW PLAZA SUITE 710 OAKBROOK TERRACE IL 60181 990 2023-07-01 831137271 INNOVATION DUPAGE INNO 6309422316 535 DUANE ST GLEN ELLYN IL 60137 JOSEPH CASSIDY PRESIDENT 6309422316 2025-01-27 1 0 PAUL J ROZEK P00542258 6309541400 2023 2025-03-06 01:10:19Z INNOVATION DUPAGE JOSEPH CASSIDY 535 DUANE ST GLEN ELLYN IL 60137 720745 0 X INNOVATIONDUPAGE.ORG X 2018 IL INNOVATION DUPAGE IS MADE POSSIBLE BY A NETWORK OF ACADEMIC, GOVERNMENTAL, AND BUSINESS PARTNERS. WE SHARE RESOURCES, TALENT, AND IDEAS AS WE SUPPORT OUR GROWING COMMUNITY OF LOCAL ENTREPRENEURS AND STARTUPS THROUGH EDUCATION, INCUBATION, ACCELERATION, AND COLLABORATION 8 8 25 9 0 0 362329 525998 160385 191631 31 3116 32 0 522777 720745 0 0 0 0 379236 376328 0 0 81872 186896 230666 566132 606994 -43355 113751 83128 227965 29130 60216 53998 167749 X INNOVATION DUPAGE IS MADE POSSIBLE BY A NETWORK OF ACADEMIC, GOVERNMENTAL, AND BUSINESS PARTNERS. WE SHARE RESOURCES, TALENT, AND IDEAS AS WE SUPPORT OUR GROWING COMMUNITY OF LOCAL ENTREPRENEURS AND STARTUPS THROUGH EDUCATION, INCUBATION, ACCELERATION, AND COLLABORATION 0 0 319981 137631 INNOVATION DUPAGE IS A NON-PROFIT VENTURE THAT UNITES STARTUP FOUNDERS AND SMALL BUSINESS OWNERS WITH THE PEOPLE, RESOURCES, AND PROGRAMS THAT HELP THEM GROW. MEMBERS COLLABORATE ACROSS AN EXTENSIVE NETWORK OF ENTERPRISE, ACADEMIC, ECONOMIC DEVELOPMENT, AND RESEARCH PARTNERS. INNOVATION DUPAGE SUPPORTS THE STARTUP COMMUNITY, ENHANCES REGIONAL PROSPERITY, ATTRACTS WORLD-CLASS TALENT, AND DRIVES SUSTAINABLE ECONOMIC GROWTH. THE ORGANIZATION FOSTERS INNOVATION AND SUPPORTS AND ENCOURAGES THE GROWTH OF JOBS, COMPANIES AND ECONOMIC DEVELOPMENT IN DUPAGE COUNTY AND SURROUNDING MIDWEST REGION BY PROVIDING ENTREPRENEURS ACCESS TO EDUCATION AND TRAINING RESOURCES, BUSINESS AND COMMUNITY SUPPORT, CAPITAL, AND CUSTOMERS. 31900 54000 INNOVATION DUPAGE OFFERS A 10-WEEK PROGRAM TWICE PER YEAR, TITLED "OWNER TO CEO." THIS PROGRAM IS OFFERED TO OWNERS OF SMALL BUSINESSES WITH REVENUES IN THE $200,000 TO $2 MILLION RANGE IN ORDER TO HELP AUGMENT THEIR SKILLS IN A NUMBER OF AREAS IN ORDER TO BE MORE EFFECTIVE IN THE MANAGEMENT OF THEIR BUSINESSES. THE PROGRAM SAW A DOZEN OR SO INSTRUCTORS/EXPERTS TEACH CLASSES IN AREAS SUCH AS FINANCE, MARKETING, HUMAN RESOURCES, INFORMATION TECHNOLOGY, AND SALES. THE EXPENSE AMOUNT INCLUDED HERE REPRESENTS THE COST INCURRED TO RUN THIS PROGRAM. 12000 PART OF THE MISSION OF INNOVATION DUPAGE IS TO FOSTER ENTREPRENEURSHIP INTEREST AMONG COLLEGE AND HIGH SCHOOL STUDENTS. TO THAT END, PITCH COMPETITIONS ARE SPONSORED WHEREIN ASPIRING ENTREPRENEURS PRESENT THEIR BUSINESS IDEAS TO A PANEL OF INDEPENDENT JUDGES WITH SUCCESSFUL ENTREPRENEURIAL BACKGROUNDS. PRIZES ARE AWARDED TO ENCOURAGE THESE CONTESTANTS TO CONTINUE TO PURSUE THEIR ENDEAVORS. INNOVATION DUPAGE CONTRIBUTED $12,000 TOWARD SUCH PRIZE MONIES IN FISCAL 2024. 363881 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 1 1 0 IL X DAVID VIRGILIO 6309423028 535 DUANE ST GLEN ELLYN IL 60137 JOSEPH CASSIDY PRESIDENT 7.00 X X 0 0 0 DAVID VIRGILIO TREASURER 5.00 X X 0 0 0 JAKE MICKLEY SECRETARY 1.00 X X 0 0 0 DR BOB CLARK DIRECTOR 1.00 X 0 0 0 MEREDITH HANNAH DIRECTOR 1.00 X 0 0 0 WALTER JOHNSON DIRECTOR 1.00 X 0 0 0 GAUTAM WADHWA DIRECTOR 1.00 X 0 0 0 JANICE KAUSHAL DIRECTOR BEGINNING OCTOBER 2023 1.00 X 0 0 0 DAN FACCHINI MANAGING DIRECTOR 40.00 X 117480 0 0 117480 0 0 1 0 0 0 0 464998 61000 525998 MEMBERSHIP DUES 611430 61272 61272 OWNER TO CEO 611430 54000 54000 OTHER FEES FOR PROGRAM 611430 40109 40109 COMMUNITY PARTNERSHIPS 611430 36250 36250 191631 3116 3116 720745 191631 0 3116 117480 46992 46992 23496 224212 175190 9505 39517 8288 5609 1136 1543 26348 17342 4278 4728 12935 12935 53260 34632 8806 9822 40758 40758 15000 9754 2480 2766 702 702 15194 15194 8374 8374 PROGRAM SUPPLIES 74362 74362 DUES AND SUBSCRIPTIONS 5805 5805 OTHER EXPENSES 3526 3526 PROFESSIONAL DEVELOPMEN 750 750 606994 363881 161241 81872 17487 72817 43644 128112 21997 27036 83128 227965 29130 60216 29130 60216 X 53998 167749 53998 167749 83128 227965 113751 0 X 0 1 X 1 0 X 349605 457369 443780 362329 525998 2139081 349605 457369 443780 362329 525998 2139081 31135 2107946 2325 311 33 31 3116 5816 54225 142098 160417 191631 548371 2693268 0.78270 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2020 AMOUNT: $ 3,392. 2021 AMOUNT: $ 43,961. 2022 AMOUNT: $ 25,164. 2023 AMOUNT: $ 40,109. OWNER TO CEO PROGRAM REVENUE - 2020 AMOUNT: $ 38,333. 2021 AMOUNT: $ 50,167. 2022 AMOUNT: $ 54,000. 2023 AMOUNT: $ 54,000. COMMUNITY PARTNERSHIP PROGRAM REVENUE - 2020 AMOUNT: $ 12,500. 2021 AMOUNT: $ 20,500. 2022 AMOUNT: $ 34,500. 2023 AMOUNT: $ 36,250. MEMBERSHIP DUES - 2021 AMOUNT: $ 27,470. 2022 AMOUNT: $ 46,753. 2023 AMOUNT: $ 61,272. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 721767 1022 1022 720745 0 720745 608016 1022 1022 606994 0 606994 FORM 990, PART VI, SECTION A, LINE 7A PER THE BYLAWS, AT ALL TIMES, THE BOARD OF DIRECTORS SHALL INCLUDE AT LEAST THREE EX OFFICIO VOTING MEMBERS APPOINTED BY THE PRESIDENT OF THE COLLEGE OF DUPAGE, ONE OF WHOM THE PRESIDENT OF THE COLLEGE OF DUPAGE SHALL DESIGNATE AS CHAIRMAN OF THE BOARD FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL 990 IS REVIEWED BY THE MANAGING DIRECTOR, DIRECTOR OF OPERATIONS, AND PRESIDENT PRIOR TO FINALIZING AND MAILING TO THE IRS. BOARD MEMBERS ARE NOTIFIED THAT THE FORM HAS BEEN COMPLETED PRIOR TO MAILING BUT ARE NOT REQUIRED TO REVIEW FORM 990, PART VI, SECTION B, LINE 12 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE INCLUDED IN BOARD MEETINGS PACKETS AND AVAILABLE UPON REQUEST TO THE PUBLIC FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PLANS FOR ALL EMPLOYEES ARE REVIEWED BY THE FULL BOARD OF DIRECTORS AND MUST BE APPROVED BY THEM AT A REGULAR BOARD MEETING FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.