Cub Consumer Education And Researchfund
- Assets
- $1.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 20-4904719
Organization Overview
Cub Consumer Education And Researchfund is located in Chicago, IL. The organization was established in 2006. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cub Consumer Education And Researchfund 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 12/2022, Cub Consumer Education And Researchfund generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 6.1% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE ILLINOIS CONSUMERS ON MATTERS RELATING TO PUBLIC UTILITIES AND PROMOTE THE DEVELOPMENT OF ALTERNATIVE ENERGY TECHNOLOGIES WITHIN THE STATE OF ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE ILLINOIS CONSUMERS ON MATTERS RELATING TO PUBLIC UTILITIES AND TO PROMOTE THE DEVELOPMENT OF ALTERNATIVE ENERGY TECHNOLOGIES WITHIN THE STATE OF ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Demaertelaere President/director | OfficerTrustee | 1 | $0 |
John Cochrane Director | Trustee | 1 | $0 |
Kristofer Thomsen Director/treasurer | OfficerTrustee | 1 | $0 |
Robert Craig Neff Director/vice President | OfficerTrustee | 1 | $0 |
Bill Markel Director | Trustee | 1 | $0 |
James Betts Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Albert Pollard Consulting | 12/30/22 | $189,578 |
See3 Communications Llc Internet/social Media Outreach | 12/30/22 | $122,210 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,075,013 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,075,013 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,075,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $119,250 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,318,559 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $180,336 |
| Payroll taxes | $99,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,788 |
| Fees for services: Accounting | $33,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $362,880 |
| Advertising and promotion | $4,306 |
| Office expenses | $79,305 |
| Information technology | $60,998 |
| Royalties | $0 |
| Occupancy | $127,177 |
| Travel | $54,380 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,048 |
| Insurance | $0 |
| All other expenses | $12,851 |
| Total functional expenses | $2,745,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,042,947 |
| Savings and temporary cash investments | $13,293 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,282 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $251,403 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,665 |
| Total assets | $1,397,590 |
| Accounts payable and accrued expenses | $145,591 |
| Grants payable | $0 |
| Deferred revenue | $115,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $260,591 |
| Net assets without donor restrictions | $1,136,999 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,397,590 |
Grants Awarded
Over the last fiscal year, Cub Consumer Education And Researchfund has awarded $119,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITIZENS UTILITY BOARD OF MICHIGAN PURPOSE: EXPERT WITNESS TESTIMONY - DTE ELECTRIC RATE CASE U-20836 | $10,000 |
STATES NEWSROOM PURPOSE: CLEAR REGIONAL TRANSITIONAL OPERATORS (RTO) PROJECT | $109,250 |