Illinois Petroleum Resources Board
EIN: 721576978 · Mount Vernon, IL · NTEE: S41
Is Illinois Petroleum Resources Board Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Illinois Petroleum Resources Board
Illinois Petroleum Resources Board (EIN: 721576978) is a nonprofit organization based in Mount Vernon, IL, classified under NTEE code S41. The organization reported total revenue of $2.6M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Illinois Petroleum Resources Board's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Illinois Petroleum Resources Board is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $592K |
| Total Expenses | $724K |
| Surplus / Deficit | $-132,176 |
| Total Assets | $1.5M |
| Total Liabilities | $28K |
| Net Assets | $1.5M |
| Operating Margin | -22.3% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 25.5 months |
Financial Health Grade: B
In 2023, Illinois Petroleum Resources Board reported a deficit of $132K with expenses exceeding revenue, holds 25.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Illinois Petroleum Resources Board's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.0% | +23.8% | -8.6% |
| 2022 | +37.3% | +69.7% | +6.5% |
| 2021 | +56.4% | +6.5% | +9.0% |
| 2020 | -35.5% | -36.6% | -0.3% |
| 2019 | -7.0% | -39.3% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Illinois Petroleum Resources Board 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 Petroleum Resources Board 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 deficit of $132K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Frequently Asked Questions about Illinois Petroleum Resources Board
Is Illinois Petroleum Resources Board a legitimate charity?
Based on AI analysis of IRS 990 filings, Illinois Petroleum Resources Board (EIN: 721576978) insufficient data. 0 red flags identified, 0 strengths noted.
How does Illinois Petroleum Resources Board spend its money?
Detailed spending breakdown data is not yet available for Illinois Petroleum Resources Board. Check back for updated IRS 990 analysis.
Are donations to Illinois Petroleum Resources Board tax-deductible?
Illinois Petroleum Resources Board is registered as a tax-exempt nonprofit (EIN: 721576978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Illinois Petroleum Resources Board showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Illinois Petroleum Resources Board's revenue has declined by 26.7%, moving from $808K to $592K. Total assets decreased by 14.4% over the same period, from $1.8M to $1.5M. Total functional expenses rose by 29%, from $562K to $724K. In its most recent filing year (2023), Illinois Petroleum Resources Board reported a deficit of $132K, with expenses exceeding revenue. The organization holds $28K in liabilities against $1.5M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $592K | $724K | $1.5M | $28K | — | — |
| 2022 | $681K | $585K | $1.7M | $47K | — | View 990 |
| 2021 | $496K | $345K | $1.6M | $23K | — | View 990 |
| 2020 | $317K | $324K | $1.5M | $30K | — | — |
| 2019 | $492K | $510K | $1.5M | $27K | — | View 990 |
| 2018 | $529K | $842K | $1.5M | $58K | — | View 990 |
| 2017 | $413K | $534K | $1.8M | $33K | — | View 990 |
| 2016 | $343K | $640K | $1.9M | $31K | — | View 990 |
| 2015 | $446K | $498K | $2.2M | $5K | — | View 990 |
| 2014 | $868K | $665K | $2.2M | $19K | — | View 990 |
| 2013 | $881K | $787K | $2.0M | $6K | — | View 990 |
| 2012 | $887K | $744K | $2.0M | $22K | — | View 990 |
| 2011 | $808K | $562K | $1.8M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $592K, expenses of $724K, and assets of $1.5M (revenue -13.0% year-over-year).
- 2022: Revenue of $681K, expenses of $585K, and assets of $1.7M (revenue +37.3% year-over-year).
- 2021: Revenue of $496K, expenses of $345K, and assets of $1.6M (revenue +56.4% year-over-year).
- 2020: Revenue of $317K, expenses of $324K, and assets of $1.5M (revenue -35.5% year-over-year).
- 2019: Revenue of $492K, expenses of $510K, and assets of $1.5M (revenue -7.0% year-over-year).
- 2018: Revenue of $529K, expenses of $842K, and assets of $1.5M (revenue +27.9% year-over-year).
- 2017: Revenue of $413K, expenses of $534K, and assets of $1.8M (revenue +20.4% year-over-year).
- 2016: Revenue of $343K, expenses of $640K, and assets of $1.9M (revenue -23.0% year-over-year).
- 2015: Revenue of $446K, expenses of $498K, and assets of $2.2M (revenue -48.6% year-over-year).
- 2014: Revenue of $868K, expenses of $665K, and assets of $2.2M (revenue -1.5% year-over-year).
- 2013: Revenue of $881K, expenses of $787K, and assets of $2.0M (revenue -0.7% year-over-year).
- 2012: Revenue of $887K, expenses of $744K, and assets of $2.0M (revenue +9.7% year-over-year).
- 2011: Revenue of $808K, expenses of $562K, and assets of $1.8M.
Data Sources and Methodology
This transparency report for Illinois Petroleum Resources Board 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.