Illinois Biotechnology Innovation Organization
EIN: 364225980 · Chicago, IL · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $701K |
| Total Expenses | $695K |
| Net Assets | $203K |
Is Illinois Biotechnology Innovation Organization Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Illinois Biotechnology Innovation Organization
Illinois Biotechnology Innovation Organization (EIN: 364225980) is a nonprofit organization based in Chicago, IL, classified under NTEE code S41. The organization reported total revenue of $701K and total assets of $658K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Illinois Biotechnology Innovation Organization's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Illinois Biotechnology Innovation Organization is a small nonprofit that has been operating for 27 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $749K |
| Total Expenses | $695K |
| Surplus / Deficit | +$54K |
| Total Assets | $709K |
| Total Liabilities | $507K |
| Net Assets | $203K |
| Operating Margin | 7.2% |
| Debt-to-Asset Ratio | 71.4% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2023, Illinois Biotechnology Innovation Organization reported a surplus of $54K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 71.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Illinois Biotechnology Innovation Organization's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | +13.4% | +31.3% |
| 2022 | +6.6% | +3.0% | +24.5% |
| 2021 | +3.6% | +2.9% | +0.9% |
| 2020 | -4.8% | -3.2% | +44.7% |
| 2019 | -7.7% | -19.2% | +39.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Illinois Biotechnology Innovation Organization has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Illinois Biotechnology Innovation Organization with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $54K, with revenue exceeding expenses.
- Debt-to-asset ratio: 71.4%.
Frequently Asked Questions about Illinois Biotechnology Innovation Organization
Is Illinois Biotechnology Innovation Organization a legitimate charity?
Illinois Biotechnology Innovation Organization (EIN: 364225980) is a registered tax-exempt nonprofit based in Illinois. It has 14 years of IRS 990 filings on record. Total revenue: $701K. No red flags identified. Financial health grade: A.
How does Illinois Biotechnology Innovation Organization spend its money?
Illinois Biotechnology Innovation Organization reported $701K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Illinois Biotechnology Innovation Organization tax-deductible?
Illinois Biotechnology Innovation Organization is registered as a tax-exempt nonprofit (EIN: 364225980). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Illinois Biotechnology Innovation Organization located?
Illinois Biotechnology Innovation Organization is headquartered in Chicago, Illinois and files with the IRS under EIN 364225980. It is classified under NTEE code S41.
How many years of IRS 990 filings does Illinois Biotechnology Innovation Organization have?
Illinois Biotechnology Innovation Organization has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $701K in total revenue.
Filing History
IRS 990 filing history for Illinois Biotechnology Innovation Organization showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Illinois Biotechnology Innovation Organization's revenue has declined by 31.7%, moving from $1.1M to $749K. Total assets increased by 29% over the same period, from $550K to $709K. Total functional expenses fell by 38.4%, from $1.1M to $695K. In its most recent filing year (2023), Illinois Biotechnology Innovation Organization reported a surplus of $54K, with revenue exceeding expenses. The organization holds $507K in liabilities against $709K in assets (debt-to-asset ratio: 71.4%), resulting in net assets of $203K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $749K | $695K | $709K | $507K | — | — |
| 2022 | $743K | $613K | $540K | $392K | — | View 990 |
| 2021 | $697K | $595K | $434K | $437K | — | View 990 |
| 2020 | $673K | $578K | $430K | $535K | — | View 990 |
| 2019 | $707K | $597K | $297K | $497K | — | — |
| 2018 | $766K | $739K | $214K | $523K | — | View 990 |
| 2018 | $917K | $936K | $160K | $496K | — | View 990 |
| 2017 | $1.0M | $954K | $214K | $532K | — | — |
| 2016 | $812K | $1.0M | $114K | $523K | — | — |
| 2015 | $870K | $1.1M | $102K | $322K | — | — |
| 2014 | $1.1M | $1.1M | $171K | $157K | — | — |
| 2013 | $983K | $1.1M | $331K | $326K | — | — |
| 2012 | $882K | $1.1M | $372K | $243K | — | — |
| 2011 | $1.1M | $1.1M | $550K | $211K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $749K, expenses of $695K, and assets of $709K (revenue +0.8% year-over-year).
- 2022: Revenue of $743K, expenses of $613K, and assets of $540K (revenue +6.6% year-over-year).
- 2021: Revenue of $697K, expenses of $595K, and assets of $434K (revenue +3.6% year-over-year).
- 2020: Revenue of $673K, expenses of $578K, and assets of $430K (revenue -4.8% year-over-year).
- 2019: Revenue of $707K, expenses of $597K, and assets of $297K (revenue -7.7% year-over-year).
- 2018: Revenue of $766K, expenses of $739K, and assets of $214K (revenue -16.5% year-over-year).
- 2018: Revenue of $917K, expenses of $936K, and assets of $160K (revenue -12.3% year-over-year).
- 2017: Revenue of $1.0M, expenses of $954K, and assets of $214K (revenue +28.7% year-over-year).
- 2016: Revenue of $812K, expenses of $1.0M, and assets of $114K (revenue -6.6% year-over-year).
- 2015: Revenue of $870K, expenses of $1.1M, and assets of $102K (revenue -24.2% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $171K (revenue +16.6% year-over-year).
- 2013: Revenue of $983K, expenses of $1.1M, and assets of $331K (revenue +11.4% year-over-year).
- 2012: Revenue of $882K, expenses of $1.1M, and assets of $372K (revenue -19.5% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $550K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Illinois Biotechnology Innovation Organization:
Data Sources and Methodology
This transparency report for Illinois Biotechnology Innovation Organization is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.