Illinois Policy Institute
- Assets
- $6.9m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2003
- Data as of
- 12/2021
- EIN
- 41-2057028
Organization Overview
Illinois Policy Institute is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Policy Institute 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 12/2021, Illinois Policy Institute generated $9.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $9.6m during the year ending 12/2021. While expenses have increased by 9.9% 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.
Since 2014, Illinois Policy Institute has awarded 34 individual grants totaling $13,455,237. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE IS A FREE MARKET ORIENTED THINK TANK DEDICATED TO GATHERING, DISSEMINATING, AND EDUCATING ILLINOIS CONSTITUENTS ON LOCAL, STATE, AND FEDERAL PUBLIC POLICY ISSUES FACING ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ILLINOIS POLICY INSTITUTE CONDUCTS RESEARCH ON A VARIETY OF ISSUES, INCLUDING FISAL MATTERS, EDUCATION POLICY, AND GOVERNMENT REFORM. THE INSTITUTE SHARES ITS FINDINGS WITH RELEVANT AUDIENCES VIA POLICY PAPERS, MEDIA APPEARANCES, SPEAKING ENGAGEMENTS, AND OTHER PUBLIC FORUMS. ALL OF HE INSTITUTE'S RESEARCH IS DESIGNED TO BETTER EDUCATE AND BENEFIT ILLINOIS RESIDENS, TAXPAYERS, MEDIA, AND GOVERNMENT OFFICIALS ON THE POLICIES CONFRONTING ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Paprocki President | Officer | 28 | $242,429 |
Orphe Divounguy Chief Economist | 28 | $103,215 | |
Korte Amy Director Of Policy | 28 | $92,454 | |
Shydlowski Elizabeth External Relations Officer | 28 | $87,077 | |
Hillary Yelvington VP Of Communications | 28 | $81,626 | |
Long James Director Of Government Affairs | 24 | $76,900 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bearing Tree Administrative, Development, And Strateg | 12/30/21 | $1,398,430 |
Arena Communications Social Media | 12/30/21 | $147,630 |
Iron Light Inc Marketing And Promotion | 12/30/21 | $883,500 |
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 | $9,889,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,889,994 |
| Total Program Service Revenue | $0 |
| Investment income | $2,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,202 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,912,518 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,168,694 |
| 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. | $111,960 |
| Compensation of current officers, directors, key employees. | $8,957 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,604,024 |
| Pension plan accruals and contributions | $38,152 |
| Other employee benefits | $91,187 |
| Payroll taxes | $126,892 |
| Fees for services: Management | $1,329,340 |
| Fees for services: Legal | $36,738 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $996,002 |
| Advertising and promotion | $8,517 |
| Office expenses | $313,288 |
| Information technology | $154,927 |
| Royalties | $0 |
| Occupancy | $200,168 |
| Travel | $77,913 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,855 |
| Interest | $550 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,400 |
| Insurance | $17,462 |
| All other expenses | $4,137 |
| Total functional expenses | $9,612,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,092,449 |
| Savings and temporary cash investments | $30,932 |
| Pledges and grants receivable | $5,092,766 |
| Accounts receivable, net | $2,148 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,286 |
| Net Land, buildings, and equipment | $2,707 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $588,182 |
| Total assets | $6,879,470 |
| Accounts payable and accrued expenses | $192,398 |
| Grants payable | $2,700,000 |
| Deferred revenue | $0 |
| 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 | $123,823 |
| Total liabilities | $3,016,221 |
| Net assets without donor restrictions | $3,855,919 |
| Net assets with donor restrictions | $7,330 |
| 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 | $6,879,470 |
Grants Awarded
Over the last fiscal year, Illinois Policy Institute has awarded $4,168,194 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: GRANT TO OTHER ORGANIZATION THAT SHARES THE SAME PRINCIPLES AS THE INSTITUTE | $2,700,000 |
Alexandria, VA PURPOSE: GRANT TO OTHER ORGANIZATION THAT SHARES THE SAME PRINCIPLES AS THE INSTITUTE | $1,455,000 |
AMERICAN CULTURE FOUNDATION PURPOSE: GRANT TO FURTHER THE ORGANIZATION'S MISSION OF JUSTICE REFORM | $13,194 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Illinois Policy Institute has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Canmann Family Foundation Winnetka, IL PURPOSE: CHARITABLE | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sagamore Institute Inc Indianapolis, IN | $13,977,659 | $19,355,363 |
Illinois Policy Institute Chicago, IL | $6,879,470 | $9,912,518 |
Illinois Rural Healthnet Cedar Rapids, IA | $5,988,317 | $2,258,874 |
Healthlinc Incorporated Bloomington, IN | $543,093 | $647,711 |
Northeast Kentucky Regional Health Information Organization Inc West Liberty, KY | $191,686 | $598,619 |
Kentucky Center For Economic Policy Inc Berea, KY | $2,023,746 | $2,496,689 |
Lewis And Clark Information Exchange Kansas City, MO | $3,757,665 | $1,270,195 |
Center For Tax And Budget Accountability N F P Chicago, IL | $1,018,574 | $613,437 |
Center For The New American Frontier Park Ridge, IL | $209,469 | $639,460 |
A Better Wisconsin Together Institute Inc Monona, WI | $200,365 | $274,969 |
Customers First Coalition Inc Madison, WI | $141,161 | $0 |
New American Policy Institute Inc West Allis, WI | $0 | $14 |