Innovation Dupage FY2021 filing

Tax-deductible

Glen Ellyn, IL501(c)(3)Human ServicesEIN 83-1137271Revenue $512K in FY2021

On file with the IRSinnovationdupage.org535 Duane St, 60137-4675 · Glen Ellyn, ILTax-exempt since May 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Innovation Dupage is made possible by a network of academic, governmental, and business partners. We share resources, talent, and ideas as we support our growing community of local entrepreneurs and startups through education, incubation, acceleration, and collaboration

501(c)(3) charity; gifts are tax-deductible.
42¢ of each $1 spent went to programs.
$115K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $20K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
42%
of spending
Concern: 42% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$115K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$70K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$512K
+32% vs prior year
Spent
$476K
To programs
42%
Net assets
$110K
By yearFY2020–FY2025
Revenue
$512K
FY2021▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$387K
FY2021$512K
FY2022$586K
FY2023$523K
FY2024$721K
FY2025$836K
Expenses
$476K
FY2021▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$437K
FY2021$476K
FY2022$598K
FY2023$566K
FY2024$607K
FY2025$760K
Net assets
$110K
FY2021▲ +49%
Tap a bar for its year
Net assets by fiscal year
FY2020$73K
FY2021$110K
FY2022$97K
FY2023$54K
FY2024$168K
FY2025$244K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

42 cents of each dollar spent went to programs.

Program services 42% · $198K Management & general 30% · $144K Fundraising 28% · $134K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $115K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Managing Director
$115,378Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Dan Facchini’s $128K as Managing Director is at the 95th percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dan Facchini$127,950$117,480$110,000$23,077——
Travis Linderman———$96,140$115,378$101,442

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports local entrepreneurs and startups through education, incubation, acceleration, and collaboration.

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Provided by the organization

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3 programs · $198K · in their own filed words · FY2020
01

Innovation dupage is a non-profit venture that unites startup founders and small business owners with the people, resources, and programs that help them grow. Members collaborate across an extensive network of enterprise, academic, economic development, and research partners.

$173Kprogram expense
02

Innovation dupage offers a 12-WEEK program twice per year, titled "owner to ceo." this program is offered to owners of small businesses with revenues in the $200,000 to $2 million range in order to help augment their skills in a number of areas in order to be more effective in the management of their businesses.

$25Kprogram expense
03

Part of the mission of innovation dupage is to foster entrepreneurship interest among college and high school students. To that end, pitch competitions are sponsored wherein aspiring entrepreneurs present their business ideas to a panel of independent judges with successful entrepreneurial backgrounds.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$512K
Ln 12
Gifts and grantsLn 1h$457K
Fees for servicesLn 2g$51K
Other incomeLn 4–11$3K
Money outPt IX
$476K
Ln 25
Programscol B$198K
Managementcol C$144K
Fundraisingcol D$134K
Owns and owesPt X
$110K
net assets · Ln 32
Cash and savingsLn 1–2$175K
Total assetsLn 16$180K
LiabilitiesLn 26$70K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$457K
Government grantsLn 1e$416K
Fees for servicesLn 2g$51K
Investment incomeLn 3$311
Other incomeLn 4–11$3K
Total revenueLn 12$512K
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$142K
Cash and savings togetherLn 1–2$175K
Total assetsLn 16$180K
LiabilitiesLn 26$70K
Net assetsLn 32$110K
OperationsPt I, VI
EmployeesI 59
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$143K$175K
Total assetsLn 16$158K$180K
LiabilitiesLn 26$85K$70K
Net assetsLn 32$73K$110K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$353K$148K$91K$114K
Payroll taxesLn 10$28K$12K$7K$9K
Accounting feesLn 11c$6K$2K$1K$2K
Advertising and promotionLn 12$27K$11K$7K$9K
Office expensesLn 13$23K$23K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$25K$25K
All other expensesLn 24e$9K$31$8K$24
Total functional expensesLn 25$476K$198K$144K$134K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $836K$760K$76K$244K 990 PDF
FY2024 $721K$607K$114K$168K 990 PDF
FY2023 $523K$566K−$43K$54K 990 PDF
FY2022 $586K$598K−$12K$97K 990 PDF
FY2021 Viewing $512K$476K$36K$110K 990 PDF
FY2020 $387K$437K−$50K$73K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $511,905 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $349,605$457,369
I-9 Program service revenuePrior year $34,720$50,833
I-10 Investment incomePrior year $2,325$311
I-11 Other revenuePrior year $0$3,392
I-12 Total revenuePrior year $386,650$511,905
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $354,743$380,890
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $82,287$94,702
I-18 Total expensesPrior year $437,030$475,592
I-19 Revenue less expensesPrior year −$50,380$36,313
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $511,905 across 8 lines filed
VIII-1b Membership dues$19,764
VIII-1e Government grants$416,324
VIII-1f All other contributions, gifts and grants$21,281
VIII-1h Total contributions, gifts and grants$457,369
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $50,833$50,833
VIII-3 Investment incomeExcluded from tax $311$311
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,392$3,392
VIII-12 Total revenueRelated to mission $54,225 · Unrelated business $0 · Excluded from tax $311$511,905
Part IX · Statement of functional expenses $475,592 across 9 lines filed
IX-7 Other salaries and wagesPrograms $147,577 · Management $91,083 · Fundraising $114,231$352,891
IX-10 Payroll taxesPrograms $11,729 · Management $7,302 · Fundraising $8,968$27,999
IX-11c Accounting feesPrograms $2,389 · Management $1,469 · Fundraising $1,846$5,704
IX-12 Advertising and promotionPrograms $11,428 · Management $7,053 · Fundraising $8,846$27,327
IX-13 Office expensesManagement $23,464$23,464
IX-19 Conferences, conventions and meetingsManagement $1,667$1,667
IX-23 InsuranceManagement $3,144$3,144
IX-24 Other expenses (24a–d)Programs $24,861$24,861
IX-24e All other expensesPrograms $31 · Management $8,480 · Fundraising $24$8,535
IX-25 Total functional expensesPrograms $198,015 · Management $143,662 · Fundraising $133,915$475,592
Part X · Balance sheet $179,878 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $5,927$33,878
X-2 Savings and temporary cash investmentsStart of year $137,516$141,581
X-4 Accounts receivableStart of year $15,000$4,419
X-16 Total assetsStart of year $158,443$179,878
X-17 Accounts payable and accrued expensesStart of year $26,992$63,447
X-19 Deferred revenueStart of year $9,000$6,667
X-26 Total liabilitiesStart of year $84,992$70,114
X-27 Net assets without donor restrictionsStart of year $73,451$109,764
X-32 Total net assets or fund balancesStart of year $73,451$109,764
X-33 Total liabilities and net assetsStart of year $158,443$179,878
Part XI · Reconciliation of net assets $109,764 net assets at year end
XI-1 Total revenue$511,905
XI-2 Total expenses$475,592
XI-3 Revenue less expenses$36,313
XI-4 Net assets at start of year$73,451
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$109,764

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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