Chicago Inventors Organization
Nonprofit profile at a glance
- EIN
- 200971520
- IRS 990-EZ coverage
- 2016–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2019
- Location
- Chicago, IL, USA
- Phone
- 3128504710
- Rating
- 95
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $115,449
- Expenses
- $106,544
- Assets
- $92,033
- Liabilities
- $73,435
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Calvin Flowers (President)
- Dennis Daniels (Vice President)
People named in this filing
- Calvin Flowers (President)
- Adam Kelly (Board Member)
- Thomas Kuczmarski (Board Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Chicago Inventors Organization assists inventors from low and moderate-income communities with limited financial resources whose products will create sustainable businesses and jobs in the Chicago metropolitan area during their navigation of the invention process.
What it reported doing in 2022
CIO FY 7/1/2022 - 6/30/2023 2021 PERFORMANCE OUTCOMES for members and program participants. 1. Five Hundred+ Attendees at Seminars and Conference 2. Twenty+ Patents 3. Ten+ Patents Pending 4. Three Trademarks 5. TwoCopyrights 6. Twenty+ Computer Assisted Designs (CAD) 7. Thirty+ Prototypes 8. Five Business Formations 9. Nine Manufacturing Inventory Runs 10 Three Licensing Agreement Deals 11. Six Pending Licensing Agreements
Operating model
- Revenue model
- Donor-supported. 71% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 100
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.7%; rating input score 92
- Program expense ratio: 99.3%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 7.7%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 0.86; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.8; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 38.9%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 18.3% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 15.9% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: 47.9% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 91.7% of revenue deployed · 99.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $106K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2016 to 2022
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 53/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 8/100.