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Nonprofit · EIN 27-3627386

ILLINOIS OPPORTUNITY PROJECT

Tax-exempt · GLEN ELLYN, IL 60137

Financials

$2.3M$1.2M2022$0$964K2023
Revenue Expenses · by fiscal year end
Financials of ILLINOIS OPPORTUNITY PROJECT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$0$963,988-$963,988$175,186$6,488$168,698
December 31, 2022990 (amended)$2,300,026$1,223,776$1,076,250$1,141,982$9,296$1,132,686
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$483,250
Salaries, compensation and benefits (total)
$592,071
Professional fundraising fees
$0
Legal fees
$4,064
Accounting fees
$15,550
Occupancy
$25,364
Travel
$8,104
Program services (functional)
$778,471
Management and general (functional)
$185,517

Balance sheet and other

Total assets, start of year
$1,141,982
Total assets, end of year
$175,186
Total liabilities, end of year
$6,488
Net assets, end of year
$168,698
Net assets without donor restrictions
$168,698
Gross receipts
$0
Employees
5
Volunteers
0
Year formed
2010
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
PATRICK HUGHESTREASURER/DIRECTOR
Trustee or director, Officer
10$192,000$289,084
MATTHEW BESLERCHAIRMAN/DIRECTOR
Trustee or director, Officer
30$225,105$120,832
MARK CAVERSVICE PRESIDENT
Highest-paid employee
30$153,350$0
MARILYN SMOLENSKIDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2022: 4 people
NameTitleHours / weekCompensationFrom related orgs
PATRICK HUGHESTREASURER/DIRECTOR
Trustee or director, Officer
10$197,000$263,750
MATTHEW BESLERCHAIRMAN/DIRECTOR
Trustee or director, Officer
30$300,105$54,158
MARK CAVERSVICE PRESIDENT
Highest-paid employee
30$203,600$4,329
MARILYN SMOLENSKIDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
554 ELM ST, GLEN ELLYN, IL 60137-3848
In care of
% JOHN TILLMAN
Principal officer (990 for 2023)
MATTHEW BESLER, 208 S LASALLE STREET SUITE 1670, CHICAGO, IL 60604
Signed the 990
MATTHEW BESLER, PRESIDENT
Phone
(773) 294-4747
Return prepared by
WEISS & COMPANY LLP

Mission

THE ILLINOIS OPPORTUNITY PROJECT IS AN ORGANIZATION THAT PARTICIPATES IN PUBLIC POLICY BY IDENTIFYING POLICIES DRIVEN BY LIBERTY AND FREE ENTERPRISE AND THEN EDUCATING THE PUBLIC ABOUT THOSE POLICY CHOICES AND ADVOCATING FOR THOSE POLICY CHOICES.

990 for the year ended December 31, 2023

Program accomplishments

  • PARTICIPATION IN PUBLIC POLICY BY IDENTIFYING POLICIES DRIVEN BY LIBERTY AND FREE ENTERPRISE AND THEN EDUCATING THE PUBLIC ABOUT THOSE POLICY CHOICES AND ADVOCATING FOR THOSE POLICY CHOICES, INCLUDING ADVOCACY CAMPAIGNS USED TO EDUCATE INDIVIDUALS AS WELL AS URGING THEM TO TAKE ACTION BY CONTACTING THEIR LEGISLATOR.
    Expenses $778,471

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-3627386
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2011
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$175,186

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$0$963,988$175,186XML
990December 2022$2,300,026$1,223,776$1,141,982XML
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-3627386).

Questions about ILLINOIS OPPORTUNITY PROJECT

What is the EIN of ILLINOIS OPPORTUNITY PROJECT?
The employer identification number (EIN) of ILLINOIS OPPORTUNITY PROJECT is 27-3627386.
Is ILLINOIS OPPORTUNITY PROJECT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2011.
Are donations to ILLINOIS OPPORTUNITY PROJECT tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ILLINOIS OPPORTUNITY PROJECT file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of ILLINOIS OPPORTUNITY PROJECT due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ILLINOIS OPPORTUNITY PROJECT last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of ILLINOIS OPPORTUNITY PROJECT?
The 990 for the year ended December 31, 2023 names MATTHEW BESLER.
Who are the officers and directors of ILLINOIS OPPORTUNITY PROJECT?
The 990 for the year ended December 31, 2023 lists 4 people; 3 received compensation from the organization, the highest $192,000 (PATRICK HUGHES, TREASURER/DIRECTOR).
How much revenue does ILLINOIS OPPORTUNITY PROJECT have?
On its 990 for the year ended December 31, 2023 it reported revenue of $0, expenses of $963,988 and total assets of $175,186 at year end.

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