Institute Of Gas Technology in Des Plaines, Illinois (IL)

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Institute Of Gas Technology
Employer Identification Number (EIN)362170137
Name of OrganizationInstitute Of Gas Technology
Address1700 S Mount Prospect Rd, Des Plaines, IL 60018-1804
ActivitiesScientific research (diseases), Contact or sponsored scientific research for industry, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date08/1942
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$102,229,317
Amount of Income$99,932,216
Form 990 Revenue Amount$68,908,975
National Taxonomy of Exempt Entities (NTEE)Science and Technology Research Institutes, Services: Chemistry, Chemical Engineering


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Amount of income in 2013: $99,932,216
This organization: 

 $99,932,216
Other organizations performing similar types of work: 

 $73,951,938

Assets in 2013: $102,229,317
Institute Of Gas Technology: 

 $102,229,317
Other organizations performing similar types of work: 

 $102,229,317

Expenses in 2013: $61,489,364
This organization: 

 $61,489,364
Other organizations performing similar types of work: 

 $85,958,115

Income to expenses ratio in 2013: 1.6
Institute Of Gas Technology: 

 1.6
Other organizations performing similar types of work: 

 1.9

Expenses allocated to program services in 2007: 44.5%
Institute Of Gas Technology: 

 44.5%
Other organizations performing similar types of work: 

 88.1%

Number of employees in 2013: 266
This organization: 

 266
Other organizations performing similar types of work: 

 551

Employees paid over $100,000 in 2013: 41.0%
Institute Of Gas Technology: 

 41.0%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 30.3%
This organization: 

 30.3%
Other organizations performing similar types of work: 

 30.3%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoYes
Is the organization required to complete Schedule B, Schedule of Contributors?NoNo
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096187169
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return261266
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$3,911,417$3,788,670
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$1,605,442$1,615,357
Total number of individuals who received more than $100,000 of reportable compensation from the organization7990
Total number of independent contractors who received more than $100,000 of compensation from the organization1319
Statement of Revenue
201120122013
Total revenue$66,490,004$57,966,616$68,908,975
Contributions, Gifts, Grants and Other Similar Amounts$25,824,598$18,878,216$20,899,879
Program Service Revenue$35,325,579$33,068,288$37,494,334
541700$31,375,907$35,356,735
Educational Support Services$1,687,381$2,132,440
519100$5,000$5,000
519100$0$159
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,538,240$1,602,663$1,304,730
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$1,710,557$1,797,944$3,565,682
Net rental income$273,065$292,297$391,046
Gross rents (Real / Personal)$273,065 / $0$292,297 / $0$391,046 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$273,065 / $0$292,297 / $0$391,046 / $0
Net gain/loss from sales of assets other than inventory$2,025,301$1,672,654$4,296,993
Gross amount from sales of assets other than inventory (Securities / Other)$34,490,100 / $0$31,771,641 / $0$35,320,234 / $0
Less: cost or other basis and sales expenses (Securities / Other)$32,464,799 / $0$30,098,987 / $0$31,023,241 / $0
Gain or (loss) (Securities / Other)$2,025,301 / $0$1,672,654 / $0$4,296,993 / $0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$-207,336$654,554$956,311
541900$-102,108$180,723
561000$6,553$9,708
900099$626,621$760,121
All other revenue$123,488$5,759
Statement of Functional Expenses
201120122013
Total functional expenses$68,871,106$59,215,471$61,489,364
Grants and other assistance to domestic organizations and domestic governments$0$120,000
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$2,889,890$3,225,776$3,950,227
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$17,741,125$17,261,903$17,823,727
Pension plan accruals and contributions$2,280,260$2,324,639
Other employee benefits$4,713,495$4,419,489
Payroll taxes$1,613,630$1,704,537$1,765,977
Fees for services (non-employees)
Management$229,861$52,664
Legal$193,102$74,864
Accounting$176,300$140,000
Lobbying$376,567$118,888
Professional fundraising services$0$0$0
Investment management fees$424,462$453,672
Other$10,677,854$15,991,711
Advertising and promotion$197,095$217,632
Office expenses$2,305,723$1,692,646
Information technology$563,550$537,892
Royalties$0$67,500
Occupancy$1,644,354$2,254,524
Travel$1,992,341$1,976,257
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$184,529$118,641
Interest$200,154$162,080
Payments to affiliates$0$0
Depreciation, depletion, and amortization$2,158,985$2,171,576
Insurance$552,036$591,901
Other expenses$4,258,482$3,530,618
Other expenses$1,504,249$-2,239,551
Other expenses$-8,130$1,631,283
Other expenses$-84,964$226,014
Other expenses$2,482,950$1,314,493
Balance Sheet
201120122013
Total assets$88,792,208$90,120,495$102,229,317
Cash - non-interest-bearing$772,138$3,196,577
Savings and temporary cash investments$1,919,093$1,331,666
Pledges and grants receivable, net$0$0
Accounts receivable, net$15,273,325$17,581,109
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$575,000
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$561,870$402,591
Land, buildings, and equipment: cost or other basis$14,429,326$13,475,393
Investments - publicly traded securities$56,554,663$64,305,911
Investments - other securities$610,080$1,361,070
Investments - program-related$0$0
Intangible assets$0$0
Other assets$0$0
Total liabilities$28,192,971$26,740,442$27,420,884
Accounts payable and accrued expenses$12,769,523$14,072,472
Grants payable$0$0
Deferred revenue$7,770,919$8,948,412
Tax-exempt bond liabilities$2,500,000$2,200,000$1,900,000
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$2,800,000$4,000,000$2,500,000
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0
Total net assets or fund balances$60,599,237$63,380,053$74,808,433
Unrestricted net assets$63,380,053$74,808,433
Temporarily restricted net assets$0$0
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$157,359,693
Subtotal$252,195,476
Gifts, grants, contributions, and membership fees received$97,682,592
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$154,512,884
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$94,835,783
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$94,835,783
Total support$275,674,853
Public support$252,195,476
Subtotal$22,996,134
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$22,996,134
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$483,243
Other income$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$9,626,871$49,988,436$84,015,747$84,527,125$80,815,524$66,881,998$58,061,527$64,997,085
Contributions, gifts, grants, and similar amounts received$4,831,941$35,266,306$65,260,994$0$0$0$2,211$27,000
Contributions to donor advised funds$0$0
Direct public support$2,509,024$26,389,651$51,521,491$0$0$0$2,211$27,000
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$2,322,917$8,876,655$13,739,503$0$0$0$0$0
Program service revenue including government fees and contracts$3,731,268$10,839,963$16,097,719$79,101,640$78,673,805$64,187,877$54,369,348$51,639,744
Membership dues and assessments$602,016$1,921,239$2,044,493$2,244,128$56,000$15,000$5,000$20,000
Interest on savings and temporary cash investments$76,961$118,656$32,772$0$107,539$517,676$632,530$1,838,901
Dividends and interest from securities$135,371$321,284$156,566$191,768$817,959$1,205,970$2,041,054$1,281,138
Net rental income or (loss)$0$0$0$237,773$233,707$243,653$297,153$365,486
Gross rents$0$0$0$237,773$233,707$243,653$297,153$365,486
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$164,849$2,135,568
Gain or (loss) from sales of assets other than inventory$0$430,898$2,922$250,510$0$91,299$23,643$4,771,107
Gross amount from sales of assets other than inventory$0$865,523$2,922$265,711$0$129,335$28,000$49,079,876
Less: cost or other basis and sales expenses$0$434,625$0$15,201$0$38,036$4,357$44,308,769
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$249,314$1,090,090$420,281$2,501,306$926,514$620,523$525,739$2,918,141
Total expenses$9,217,435$45,490,043$77,500,096$80,081,957$80,045,835$68,424,718$61,572,844$61,865,251
Program services$4,589,557$26,043,815$49,110,189$50,793,837$47,170,257$38,404,500$30,181,053$27,555,633
Management and general$4,627,878$19,446,228$28,389,907$29,288,120$32,875,578$30,020,218$31,391,791$34,309,618
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$18,105,717$22,062,803$25,989,232$70,517,978$72,347,591$73,011,479$91,738,346$97,745,026
Excess or (deficit) for the year$409,436$4,498,393$6,515,651$4,445,168$769,689$-1,542,720$-3,511,317$3,131,834
Net assets or fund balances at beginning of year$18,424,359$18,105,717$22,062,803$25,989,232$70,517,978$72,347,591$73,011,479$91,738,346
Other changes in net assets or fund balances$-728,078$-541,307$-2,589,222$40,083,578$1,059,924$2,206,608$22,238,184$2,874,846
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$61,865,251$27,555,633$34,309,618$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,139,535$0$1,139,535$0
Compensation of former officers, directors, key employees, etc.$583,331$0$583,331$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$17,288,993$7,454,700$9,834,293$0
Pension plan contributions not included above$2,148,292$864,927$1,283,365$0
Employee benefits not included above$3,306,630$1,331,287$1,975,343$0
Payroll taxes$1,617,878$651,376$966,502$0
Professional fundraising fees$0$0$0$0
Accounting fees$245,327$0$245,327$0
Legal fees$6,022,138$0$6,022,138$0
Supplies$53,488$0$53,488$0
Telephone$313,267$0$313,267$0
Postage and shipping$36,181$0$36,181$0
Occupancy$2,120,030$203,082$1,916,948$0
Equipment rental and maintenance$1,369,294$1,212,301$156,993$0
Printing and publications$15,647$0$15,647$0
Travel$984,128$489,695$494,433$0
Conferences, conventions, and meetings$122,509$0$122,509$0
Interest$214,429$0$214,429$0
Depreciation, depletion, etc.$1,654,663$176,448$1,478,215$0
Other expenses not covered above$22,629,491$15,171,817$7,457,674$0
Balance Sheets
20002001200220032004200520062007
Total assets$34,621,015$47,635,247$59,249,604$102,060,901$97,962,270$93,660,845$115,186,716$126,035,315
Cash - non-interest-bearing$248,132$3,980,987$2,360,327$1,660,839$9,654,156$5,309,370$626,311$3,021,169
Savings and temporary cash investments$2,378,817$3,098,494$13,685,321$34,529,515$11,974,174$25,559,798$39,701,797$32,392,844
Accounts receivable less allowance for doubtful accounts$8,137,160$16,541,197$19,272,991$21,223,654$23,983,948$13,919,121$15,577,139$15,220,891
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$4,764$4,207$810$2,000$600$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$981,492$1,164,992
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$230,578$260,083$527,294$821,449$863,181$448,370$1,687,936$1,191,082
Investments - publicly-traded securities$42,452,674$55,547,870
Investments - other securities$11,819,834$11,465,818$9,736,595$29,374,282$37,256,817$35,545,117$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$148,589$149,147$121,093$121,093$121,093$177,756$2,327,687$2,277,947
Land, buildings, and equipment less accumulated depreciation$9,976,891$10,675,314$13,545,173$14,328,069$14,108,301$12,701,313$11,831,680$11,651,407
Other assets, including program-related investments$1,676,250$1,460,000$0$0$0$0$0$3,567,113
Total liabilities$16,515,298$25,572,444$33,260,372$31,542,923$25,614,679$20,649,366$23,448,370$28,290,289
Accounts payable and accrued expenses$4,781,797$8,778,165$8,694,143$13,205,215$11,676,620$9,599,961$9,999,412$12,576,004
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$3,318,431$8,526,283$10,307,743$8,836,659$9,043,702$6,739,665$9,448,958$12,014,285
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$5,800,000$5,500,000$5,200,000$4,900,000$4,600,000$4,300,000$4,000,000$3,700,000
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$2,615,070$2,767,996$9,058,486$4,601,049$294,357$9,740$0$0
Total liabilities and net assets/fund balances$34,621,015$47,635,247$59,249,604$102,060,901$97,962,270$93,660,845$115,186,716$126,035,315
Total net assets or fund balances$18,105,717$22,062,803$25,989,232$70,517,978$72,347,591$73,011,479$91,738,346$97,745,026
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$9,626,871$49,988,436$84,015,747$84,527,125$80,815,524$66,881,998$58,061,527$0
Total revenue, gains, and other support per audited financial statements$9,149,003$49,117,763$79,484,592$85,658,000$81,132,000$66,673,000$59,511,000$0
Other expenses$0$0$0$2,260,081$1,023,863$406,608$1,849,350$0
Net unrealized gains on investments$0$0$0$2,259,807$1,023,695$406,608$1,849,350$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$274$168$0$0$0
Other revenue$477,868$870,673$4,531,155$1,129,206$707,387$615,606$399,877$0
Investment expenses$0$0$0$0$0$0$0$0
Other$477,868$870,673$4,531,155$1,129,206$707,387$615,606$399,877$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$9,217,435$45,490,043$77,500,096$80,081,957$80,045,835$68,424,718$61,572,844$0
Total expenses and losses per audited financial statements$9,217,435$45,253,736$74,303,911$78,953,000$79,338,000$67,810,000$61,197,000$0
Other revenue$0$0$0$249$-448$-90,846$-19,118$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$249$-448$-90,846$-19,118$0
Other expenses$0$236,315$3,196,185$1,129,206$707,387$523,872$356,726$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$236,315$3,196,185$1,129,206$707,387$523,872$356,726$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$481,039$41,098$0
40$178,082$41,038$0
40$187,267$32,321$0
40$178,611$34,470$0
40$114,536$1,166$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings14
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$150,677$10,850$0
$0$0$0$481,218
$0$152,334$0$0
$0$131,981$0$0
$0$107,523$0$0
$0$40,816$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006230
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$7,651,587$13,824,684$43,493,814
Program service revenue
Program service revenue 1Scientific research and development services$7,633,27600$0$27,407,950
Program service revenue 2000000$000$0$10,629,326
Program service revenue 3000000$0Royalty income excluded by section 512(b)(2)$3,408,852$0
Program service revenue 4000000$000$0$2,216,405
Program service revenue 5Scientific research and development services$2,70100$0$341,234
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$0Income from research conducted by an organization whose primary activity is conducting fundamental research, the results of which are freely available to the general public (section 512(b)(9))$20,000$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,838,901$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,281,138$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$365,486$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income999999$4,16099$2,131,408$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$4,771,107$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueAdministrative and support services$11,450Income from an activity that is not regularly carried on (section 512(a)(1))$7,792$2,898,899
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
742914111100%$253,302$1,829,827
364349614100%$-15,346$724,439
364193654100%$166,305$680,554
74296409979%$1,066,148$634,533
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$185,532$42,226$0
$179,464$41,166$0
$190,430$29,816$0
$179,081$35,128$0
$180,420$10,762$0
Total number of other employees paid over $50,000182
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$300,000
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
19992000200120022003200420052006
Total$26,679,769$9,626,871$49,557,538$84,012,825$84,276,615$80,815,524$66,790,699$58,037,884
Gifts, grants, and contributions received$13,339,053$4,831,941$35,266,306$0$0$0$0$2,211
Membership fees received$3,302,064$602,016$1,921,239$2,044,493$2,244,128$56,000$15,000$5,000
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$8,211,377$3,731,268$10,839,963$81,358,713$75,723,005$75,305,853$58,082,202$43,756,344
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$1,132,256$212,332$439,940$189,338$5,901,914$5,047,883$8,425,481$13,969,687
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$695,019$249,314$1,090,090$420,281$407,568$405,788$268,016$304,642
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$4,640,988$0$4,640,988
Gross receipts or sales less returns and allowances$108,637,941$0$0
Cost of goods sold$61,936,701$0$0
Gross profit$46,701,241$0$4,670,124
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-45,843$0$-45,843
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$16,707$0$16,707
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$6,567,886
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$6,567,886
Unrelated business taxable income$-1,926,898
Unrelated business taxable income before net operating loss deduction$-1,926,898
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-1,926,898
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1American Chemical Society, Acs Southern Nevada Section Southern Nevada Acs4505 Maryland Parkway Box 454003, Las Vegas, NV 89154-4003NV1946-05$2,305,570,549
2Institute Of Gas Technology1700 S Mount Prospect Rd, Des Plaines, IL 60018-1804IL1942-08$99,932,216
3Southern Research Institute2000 9th Ave S, Birmingham, AL 35205-2708AL1945-02$73,951,938
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6Bio Environmentally Degradable Polymer Society Inc3805 Kimbrough Ln, Plano, TX 75025-3869TX1999-05$0
7Fashion Research Inc7 Morgan Ct, Wappingers Fl, NY 12590-2017NY2008-11$0
Number of organizations performing similar types of work
Alabama1
Illinois1
Nevada1
New York1
Pennsylvania1
South Carolina1
Texas1
Total7

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