Illinois Science Olympiad is located in Naperville, IL. The organization was established in 1996. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, 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. Illinois Science Olympiad 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, Illinois Science Olympiad generated $102.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $103.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. 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
OPERATION OF REGIONAL AND STATE SCIENCE OLYMPIAD COMPETITION FOR APPROXIMATELY 3,900 STUDENTS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Chapman-Simmons Treasurer | 10 | $0 | |
Joseph Simmons Director | 10 | $0 | |
Gloria Bert Secretary | 10 | $0 | |
Paula Mueller Director | 10 | $0 | |
Pam Abbott Member At Large | 10 | $0 | |
Rob Heitz Director | 10 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63 |
| Total Program Service Revenue | $102,704 |
| Membership dues | $0 |
| Investment income | $32 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $102,799 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $17,250 |
| Professional fees and other payments to independent contractors | $700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $307 |
| Other expenses | $84,847 |
| Total expenses | $103,104 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,002 |
| Other assets | $0 |
| Total assets | $111,002 |
| Total liabilities | $0 |
| Net assets or fund balances | $111,002 |