Overview
What is Illinois Science And Technology Institute?
The Illinois Science and Technology Institute is a nonprofit organization situated in Chicago, Illinois. Its primary mission is to promote science and technology advancement within the state by providing educational resources and grants. This includes supporting Illinois residents through education, offering funding for scientific research in the fields of science and technology, and offering resources for entrepreneurship, technology transfer, and various other educational initiatives that contribute to economic development in the state of Illinois. The institute serves as a catalyst for innovation and progress in the science and technology sector of Illinois.
Official website here: www.istcoalition.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Stars)
The Illinois Science and Technology Institute has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and performance in various operational areas. With a remarkable Impact & Measurement and Culture & Community score of 100, the organization demonstrates a high level of effectiveness in fulfilling its mission and engaging with the community. The organization also has a high Program Expense Ratio of 87.12%, indicating that a significant portion of its expenses is directed toward its programs.
Strengths highlighted include a completely independent board, which suggests a commitment to governance and oversight, as well as a solid financial footing, evidenced by a Liabilities to Assets Ratio of 45.27%. The organization has also excelled in feedback collection and usage, scoring 100 in both areas, signifying its dedication to improving its services based on community input. Furthermore, it maintains strong audit practices, with no material diversion of assets reported.
Despite its many strengths, the organization has been noted for a missing Conflict of Interest Policy, which could be seen as a gap in its governance framework. Addressing this issue could further enhance transparency and trust among stakeholders. Overall, the Illinois Science and Technology Institute stands out for its high performance and commitment to its mission, with a few areas identified for improvement in governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Science And Technology Institute legitimate?
Illinois Science And Technology Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Science And Technology Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $353,683
For more financial information, click here
Official website here: www.istcoalition.org
What is the mission statement of Illinois Science And Technology Institute?
The Illinois Science and Technology Institute's mission is centered around advancing science and technology. It achieves this by educating local residents, providing grants for scientific research in the fields of science and technology, and offering educational resources for entrepreneurship, technology transfer, and various other initiatives that foster economic development through science and technology in the state. The institute's activities aim to support scientific research and innovation, ultimately contributing to the overall growth and progress in these areas.
Official website here: www.istcoalition.org
Who is the CEO of Illinois Science And Technology Institute?
Laura Apenzeller is the Chair of Illinois Science And Technology Institute.
Official website here: www.istcoalition.org
What is the revenue of Illinois Science And Technology Institute?
Illinois Science And Technology Institute's revenue in 2022 was $2,643,104.
Official website here: www.istcoalition.org
Who are the executives of Illinois Science And Technology Institute and what are their salaries?
There 13 volunteers at Illinois Science And Technology Institute.
Here are 13 key members and their salaries:
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Official website here: www.istcoalition.org
Where can I find the form 990 for Illinois Science And Technology Institute?
Illinois Science And Technology Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.istcoalition.org
Learn more at the official website: www.istcoalition.org
Mission Statement of Illinois Science And Technology Institute
Illinois Science and Technology Institute, abbreviated as ISTI, is dedicated to propelling advancements in science and technology. Their mission is threefold: firstly, they aim to educate Illinois residents, fostering a generation equipped with the necessary knowledge in these fields. Secondly, ISTI provides grants to institutions and organizations, facilitating scientific research in science and technology sectors. Lastly, they offer educational resources for entrepreneurship, technology transfer, and various other initiatives that promote economic development through science and technology within Illinois. ISTI's mission is geared towards shaping a technologically progressive Illinois by investing in its residents and research, and fostering an environment that supports innovation and economic growth.
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Impact
July, 2024
The Illinois Science And Technology Institute is dedicated to advancing science and technology through education, research grants, and providing resources for entrepreneurship and technology transfer in Illinois. Their impact can be seen in the support they provide for educational initiatives that promote economic development through science and technology in the state. Through grants and educational resources, they are helping to cultivate a more scientifically and technologically literate population in Illinois, fostering innovation and driving economic growth in the region.
This information is meant to be a general summary of Illinois Science And Technology Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $93
- Program Service Revenue: $225,249
- Gross Receipts: $2,643,104
Assets and Liabilities:
- Total Assets: $942,810
- Total Liabilities: $382,359
- Net Assets: $560,451
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$225,249
Organization Details
Founding Year
2011
Phone
(708) 267-5601Principal Officer
Laura Apenzeller
Main Address
20 N Wacker Drive 1200, CHICAGO, IL, 60606
Website
www.istcoalition.orgNTEE Category
Code: P20 - Human services
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