2025-11-17T11:54:08-06:00 2024-12-31 362170602 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2024-01-01 412057028 ILLINOIS POLICY INSTITUTE ILLI 3123465700 300 S RIVERSIDE PLAZA 1650 CHICAGO IL 60606 MATTHEW PAPROCKI PRESIDENT AND CEO 3123465700 2025-11-14 1 1 CHRISTOPHER STRAUB P01278490 8472679600 2025-11-14 2024 2025-03-06 01:10:19Z MATTHEW PAPROCKI 300 S RIVERSIDE PLAZA 1650 CHICAGO IL 60606 8100469 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 6 0 0 0 0 7359133 8000069 0 0 27613 90399 20841 1802 7407587 8092270 505299 704675 0 0 2357515 2924075 0 420000 1207924 4498913 3432535 7361727 7481285 45860 610985 2638119 3148910 1235771 1135577 1402348 2013333 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 5565229 704675 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 THE INSTITUTE'S RESEARCH IS DESIGNED TO BETTER EDUCATE AND BENEFIT ILLINOIS RESIDENTS, TAXPAYERS, MEDIA, AND GOVERNMENT OFFICIALS ON THE POLICIES CONFRONTING ILLINOIS. 5565229 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 6 0 0 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 TINA MAUE 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 AND CEO 28.00 12.00 X 279426 108666 38325 AMY KORTE EXECUTIVE VP 30.00 10.00 X 133196 42062 6570 JAMES LONG VP OF GOVERNMENT AFF 24.00 16.00 X 77270 55955 37643 CHRISTOPHER ANDRIESEN VP OPERATIONS 28.00 12.00 X 91016 35395 42931 HILARY YELVINGTON SENIOR VICE PRESIDENT 30.00 10.00 X 120014 37899 5755 AUSTIN JACK VP OF EXTERNAL RELATIONS 38.00 2.00 X 179387 11450 33809 880309 291427 165033 5 0 1 0 BEARING TREE 300 S RIVERSIDE PLAZA SUITE 1625 CHICAGO IL 60606 ADMINISTRATIVE, DEVELOPMENT, AND STRATEG 1593604 IRON LIGHT INC 300 S RIVERSIDE PLAZA SUITE 1625 CHICAGO IL 60606 MARKETING AND PROMOTION 963190 SOUTH RIVERSIDE BUILDING LLC PO BOX 779012 CHICAGO IL 60677 PROPERTY MANAGEMENT 548853 ROBERT ISHAM JR 8500 MT HWY 41 DILLON MT 59725 CONSULTING 125000 PERSONALIZED MARKETING SOLUTIONS 85 AIRPARK DRIVE LYNCHBURG VA 24502 MARKETING AND PROMOTION 105143 5 8000069 8000069 92291 92291 6307 8199 -1892 -1892 -1892 MISCELLANEOUS REVENUE 900099 1802 1802 1802 8092270 1802 0 90399 X 704675 704675 309601 266257 15480 27864 2213414 1900614 44387 268413 54811 46053 559 8199 175353 152051 1339 21963 170896 146936 3251 20709 1081025 836825 244200 32044 32044 19954 19954 420000 420000 1469976 1070448 169276 230252 12713 11513 1200 190949 44985 30980 114984 105646 34757 27921 42968 303163 243896 34961 24306 83633 28835 28100 26698 6486 5475 1011 77 77 25238 25238 SUBSCRIPTIONS 41727 28862 12865 OUTREACH AND POLLING 41621 41621 TRAINING 12900 3200 9700 PRODUCTION 2901 2016 885 2482 1685 240 557 7481285 5565229 708132 1207924 260011 928647 123091 245921 317983 363686 10877 25119 116214 116214 0 0 1926157 1585537 2638119 3148910 111480 427428 1124291 708149 1235771 1135577 X 999438 1393896 402910 619437 1402348 2013333 2638119 3148910 610985 0 X X 0 1 X 1 0 X 7488286 9889994 5276788 7359133 8000069 38014270 7488286 9889994 5276788 7359133 8000069 38014270 10236005 27778265 4664 2322 3004 34796 90399 135185 7585 9951 20841 1802 40179 38189634 0.72740 0.73140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 7,585. 2022 AMOUNT: $ 9,951. 2023 AMOUNT: $ 20,841. 2024 AMOUNT: $ 1,802. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 116214 116214 0 0 DUE FROM AFFILIATE 1005239 DEPOSITS 33804 OPERATING LEASE RIGHT-OF-USE ASSET, NET OF ACCUMULATED AMORTIZATION 546494 1585537 DUE TO AFFILIATE 47405 OPERATING LEASE LIABILITY 660744 708149 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. X X X X X 1 BEARING TREE INC 300 S RIVERSIDE PLZ STE 1625 CHICAGO IL 60606 CAGING, RESEARCH, PERSONAL CONTRACT 0 8134454 420000 7714454 8134454 420000 7714454 AK AL AR CA CO CT FL GA HI IA IL IN KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NY OH OK OR PA RI SC SD TN UT VA WI WV SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE ORGANIZATION PAYS BEARING TREE, INC. FOR VARIOUS SERVICES INCLUDING FUNDRAISING ACTIVITIES WHICH INCLUDE CAGING, RESEARCH, AND PERSONAL CONTACT WITH DONORS. 1 BRADLEY IMPACT FUND 1400 N WATER STREET SUITE 300 MILWAUKEE WI 53202 454678325 501(C)(3) 700000 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 1 0 X X X X 0 0 0 0 0 0 0 0 0 MATTHEW PAPROCKI PRESIDENT AND CEO 279426 108666 0 0 0 0 6252 2431 21342 8300 307020 119397 0 0 AUSTIN JACK VP OF EXTERNAL RELATIONS 179387 11450 0 0 0 0 5327 340 26454 1688 211168 13478 0 0 AMY KORTE EXECUTIVE VP 133196 42062 0 0 0 0 4993 1577 0 0 138189 43639 0 0 JAMES LONG VP OF GOVERNMENT AFF 77270 55955 0 0 0 0 3292 2384 18541 13426 99103 71765 0 0 CHRISTOPHER ANDRIESEN VP OPERATIONS 91016 35395 0 0 0 0 3837 1492 27073 10529 121926 47416 0 0 HILARY YELVINGTON SENIOR VICE PRESIDENT 120014 37899 0 0 0 0 4374 1381 0 0 124388 39280 0 0 PART I, LINE 1A THE ORGANIZATION PAYS FOR THE PRESIDENT/CEO CHICAGO CLUB DUES. 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 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 - EXPENSE REIMBURSEMENT: PROGRAM SERVICE EXPENSES 886. MANAGEMENT AND GENERAL EXPENSES 3,225. FUNDRAISING EXPENSES 372. TOTAL EXPENSES 4,483. CONSULTING - GENERAL: PROGRAM SERVICE EXPENSES 98,872. MANAGEMENT AND GENERAL EXPENSES 78,148. FUNDRAISING EXPENSES 229,880. TOTAL EXPENSES 406,900. CONSULTING - VETTING: PROGRAM SERVICE EXPENSES 7,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,500. CONSULTING - MARKETING: PROGRAM SERVICE EXPENSES 963,190. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 963,190. RECRUITING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 14,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,000. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 73,903. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 73,903. 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 1650 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 58158 ACTUAL CASH GOVERNMENT ACCOUNTABILITY ALLIANCE P 115493 ACTUAL CASH BEARING TREE INC M 1593604 ACTUAL CASH IRON LIGHT INC N 52025 ACTUAL CASH IRON LIGHT INC D 239618 ACTUAL CASH BEARING TREE INC D 706989 ACTUAL CASH BEARING TREE INC O 2924075 ACTUAL CASH IRON LIGHT INC M 963190 ACTUAL CASH BEARING TREE INC N 113407 ACTUAL CASH SCHEDULE R, PART IV BEARING TREE AND IRON LIGHT, RELATED ORGANIZATIONS TAXABLE AS CORPORATIONS, ARE 100% OWNED BY GOVERNMENTAL ACCOUNTABILITY ALLIANCE, A RELATED TAX-EXEMPT ORGANIZATION.