Ilar Inc
- Assets
- $500.9k
- Revenue
- $810.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 81-3670748
Organization Overview
Ilar Inc is located in Chicago, IL. The organization was established in 2017. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ilar Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Ilar Inc generated $810.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.6% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.ILAR, INC. IS A BUSINESS LEAGUE DEDICATED EXCLUSIVELY TO ENGAGING IN ACTIVITIES THAT SUPPORT AND PROTECT THE INTERESTS OF ORGANIZATIONS WHICH MANUFACTURE, OWN, OR CONTROL ANY OVER-THE-COUNTER ("OTC") CONSUMER HEALTHCARE PRODUCT SOLD IN LATIN AMERICA FOR DOMESTIC USE.ILAR, INC. ACCOMPLISHES THIS MISSION THROUGH FOUR ACTIVITIES:1.) COMMUNICATIONS AND PUBLIC RELATIONS ACTIVITIES2.) EDUCATIONAL ACTIVITIES3.) MEMBERSHIP ACTIVITIES4.) LOBBYING/GOVERNMENT AFFAIRS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT ILAR WE ARE CONVINCED OF THE IMPORTANCE OF SELF-CARE IN THE HEALTH OF LATIN AMERICAN CITIZENS.THIS POWER OF DECISION IS A FUNDAMENTAL ASSET FOR THE MAINTENANCE AND PROTECTION OF THE HEALTH AND WELL-BEING OF THE POPULATION AND POSITIONS THE NON-PRESCRIPTION MEDICINES AS A KEY ELEMENT IN THE TREATMENT OF MINOR AILMENTS FOR A LARGE PART OF THE POPULATION. IN ORDER FOR THIS RIGHT OF CHOICE TO BE EXERCISED, AN ADEQUATE CONTEXT IS NECESSARY, WHICH FACILITATES ACCESS TO THE NECESSARY INFORMATION ON THESE PRODUCTS. OUR VISION IS TO IMPROVE THE HEALTH OF LATIN AMERICAN CITIZENS THROUGH RESPONSIBLE SELF-CARE. FOR THAT REASON, FROM ILAR WE ASSUME THE MISSION TO CREATE A FAVORABLE ENVIRONMENT TO SUPPORT A GREATER ADOPTION OF SELF-CARE THROUGH - EXPAND THE REGIONAL UNDERSTANDING OF THE VALUE OF SELF-CARE IN PUBLIC HEALTH AND THE RESPONSIBLE USE OF NON-PRESCRIPTION MEDICINES; - SUPPORT THE DEVELOPMENT OF RESPONSIBLE REGULATIONS AND PUBLIC POLICIES FOCUSED ON SELF-CARE; - STRENGTHEN THE BASIS OF FACTUAL EVIDENCE TO CONVEY THE VALUE OF ACCESS, COMMUNICATION AND THE IMPORTANCE OF USER SELECTION, BASED ON INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose Antonio Valdez Director | Trustee | 0.5 | $0 |
Arturo Sanchez President | OfficerTrustee | 1 | $0 |
Laura Otalora Treasurer | OfficerTrustee | 0.5 | $0 |
David Linsenmeier Director | Trustee | 0.5 | $0 |
Paul Martingell Director | Trustee | 0.5 | $0 |
Alison Radford Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Juan Thompson Consulting Services | 12/30/18 | $142,000 |
Links & Links Sa De Cv Research Services | 12/30/18 | $101,992 |
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 | $35,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,559 |
| Total Program Service Revenue | $774,174 |
| Investment income | $523 |
| 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 | $810,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $626,267 |
| Advertising and promotion | $0 |
| Office expenses | $5,481 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $53,195 |
| 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 | $0 |
| Insurance | $17,550 |
| All other expenses | $0 |
| Total functional expenses | $811,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,934 |
| Savings and temporary cash investments | $302,966 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $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 | $0 |
| Total assets | $500,900 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $500,900 |
| 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 | $500,900 |