Chicago Inventors Organization
- Assets
- $92.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/2004
- Data as of
- 06/2023
- EIN
- 20-0971520
Organization Overview
Chicago Inventors Organization is located in Chicago, IL. The organization was established in 2004. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Inventors Organization is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Chicago Inventors Organization generated $115.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $106.5k during the year ending 06/2023. While expenses have increased by 10.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CIO FY 7/1/2022 - 6/30/2023 2021 PERFORMANCE OUTCOMES FOR MEMBERS AND PROGRAM PARTICIPANTS. 1. FIVE HUNDRED+ ATTENDEES AT SEMINARS AND CONFERENCE 2. TWENTY+ PATENTS 3. TEN+ PATENTS PENDING 4. THREE TRADEMARKS 5. TWOCOPYRIGHTS 6. TWENTY+ COMPUTER ASSISTED DESIGNS (CAD) 7. THIRTY+ PROTOTYPES 8. FIVE BUSINESS FORMATIONS 9. NINE MANUFACTURING INVENTORY RUNS 10 THREE LICENSING AGREEMENT DEALS 11. SIX PENDING LICENSING AGREEMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Flowers President | 35 | $35,700 | |
Adam Kelly Board Member | 0 | $0 | |
Thomas Kuczmarski Board Member | 0.05 | $0 | |
Millie Liggins Board Member | 0 | $0 | |
Dennis Daniels Vice President | 10 | $4,225 | |
Jennifer Turner Treasurer | 5 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,991 |
| Total Program Service Revenue | $33,458 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $115,449 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,593 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $23,425 |
| Printing, publications, postage, and shipping | $337 |
| Other expenses | $27,689 |
| Total expenses | $106,544 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,087 |
| Other assets | $0 |
| Total assets | $92,033 |
| Total liabilities | $73,435 |
| Net assets or fund balances | $18,598 |