Nonprofit · EIN 37-1107086
ILLINOIS FISCAL POLICY COUNCIL
Tax-exempt · SPRINGFIELD, IL 62703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,756 | $13,326 | -$9,570 | $5,406 | $0 | $5,406 |
| December 31, 2023 | 990-PF | $3,535 | $18,076 | -$14,541 | $14,976 | $0 | $14,976 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,700
- Interest
- $56
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $8,000
- Excise tax on investment income
- $1
Balance sheet and other
- Total assets, start of year
- $14,976
- Total assets, end of year
- $5,406
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,406
- Fair market value of assets
- $5,406
- Qualifying distributions
- $8,000
- Net investment income
- $56
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT BARR 1144 ASBURY AVENUE, EVANSTON, IL 60202 | CHAIRMAN | 1 | $0 |
| CORDELIA MEYER 21 SOUTH CLARK STREET SUITE 3120, CHICAGO, IL 60603 | EXECUTIVE VICE PRESIDENT | 1 | $0 |
| JUDY ERWIN 1350 ASTER ST 5C, CHICAGO, IL 60610 | BOARD MEMBER | 1 | $0 |
| JIM NOWLAN PO BOX 240, TOULON, IL 61483 | BOARD MEMBER | 1 | $0 |
| ERIC FADER 190 S LASALLE ST SUITE 3700, CHICAGO, IL 60603 | BOARD MEMBER | 1 | $0 |
| JOAN A PARKER 406 N CLINTON ST, CHICAGO, IL 60654 | BOARD MEMBER | 1 | $0 |
| SCOTT HEYMAN ONE SOUTH DEARBORN ST, CHICAGO, IL 60603 | BOARD MEMBER | 1 | $0 |
| CAROL PORTMAN 430 E VINE STREET SUITE A, SPRINGFIELD, IL 62703 | SECRETARY/TREASURER | 1 | $0 |
| THOMAS JOHNSON 1 EAST SCHILLER ST UNIT 4D, CHICAGO, IL 60610 | BOARD MEMBER | 1 | $0 |
| MARVIN SCHAAR 909 ROB ROY PLACE, DOWNERS GROVE, IL 60516 | BOARD MEMBER | 1 | $0 |
| THERESE MCGUIRE 2001 SCHERIDAN RD, EVANSTON, IL 60208 | BOARD MEMBER | 1 | $0 |
| MAURICE SCHOLTEN 430 E VINE ST SUITE A, SPRINGFIELD, IL 62703 | PRESIDENT | 1 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| J THOMAS JOHNSON 430 EAST VINE, SPRINGFIELD, IL 62703 | DIRECTOR | 1 | $0 |
| J ROBERT BARR 430 EAST VINE, SPRINGFIELD, IL 62703 | CHAIRMAN | 1 | $0 |
| THERESE MCGUIRE 430 EAST VINE, SPRINGFIELD, IL 62703 | DIRECTOR | 1 | $0 |
| CORDELIA MEYER 430 EAST VINE, SPRINGFIELD, IL 62703 | DIRECTOR | 1 | $0 |
| JOAN A PARKER 430 EAST VINE, SPRINGFIELD, IL 62703 | DIRECTOR | 1 | $0 |
| JUDY ERWIN 430 EAST VINE, SPRINGFIELD, IL 62703 | DIRECTOR | 1 | $0 |
| CAROL S PORTMAN 430 E VINE, SPRINGFIELD, IL 62703 | SEC/TREAS | 1 | $0 |
| MARVIN SCHAAR 430 E VINE, SPRINGFIELD, IL 62703 | DIRECTOR | 1 | $0 |
| SCOTT HEYMAN ONE SOUTH DEARBORN STREET, CHICAGO, IL 60603 | DIRECTOR | 1 | $0 |
| JIM NOWLAN PO BOX 240, TOULAN, IL 61483 | DIRECTOR | 1 | $0 |
| ERIC FADER 190 S LASALLE ST SUITE 3700, CHICAGO, IL 60603 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 430 E VINE ST, SPRINGFIELD, IL 62703-2236
- Signed the 990-PF
- CAROL S PORTMAN, SEC/TREAS
- Phone
- (217) 522-6818
- Return prepared by
- ECK SCHAFER & PUNKE LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 37-1107086
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Public and societal benefit (W22Z)
- Assets (IRS master file)
- $5,406
- Income (IRS master file)
- $3,756
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,756 | $13,326 | $5,406 | XML |
| 990-PF | December 2023 | $3,535 | $18,076 | $14,976 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 37-1107086).
Questions about ILLINOIS FISCAL POLICY COUNCIL
- What is the EIN of ILLINOIS FISCAL POLICY COUNCIL?
- The employer identification number (EIN) of ILLINOIS FISCAL POLICY COUNCIL is 37-1107086.
- Is ILLINOIS FISCAL POLICY COUNCIL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to ILLINOIS FISCAL POLICY COUNCIL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ILLINOIS FISCAL POLICY COUNCIL file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ILLINOIS FISCAL POLICY COUNCIL 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 FISCAL POLICY COUNCIL last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of ILLINOIS FISCAL POLICY COUNCIL?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does ILLINOIS FISCAL POLICY COUNCIL have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,756, expenses of $13,326 and total assets of $5,406 at year end.
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