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Illinois Science and Energy Innovation Foundation

EIN 45-5087827 · Gilberts, IL

Public records raise at least one point you should look into before giving.

LegitimacyCautionRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceNot ratedToo small or too little detailImpact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO SUPPORT SOCIAL WELFARE AND ECONOMIC DEVELOPMENT BY PROVIDING FINANCIAL AND TECHNICAL SUPPORT FOR ENERGY CONCEPTS AND TO PROVIDE CONSUMER EDUCATION REGARDING SMART METERS AND RELATED TECHNOLOGIES AND SERVICES.

Income
$420,382
Spending
$123,646
Employees
0

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Governance

This return does not answer enough of the governance questions to score.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $66,096 spent. PURSUANT TO CHAPTER 220, SECTION 5/16-180.7(D) OF THE PUBLIC UTILITIES ACT OF ILLINOIS COMPILED STATUTES, IN 2012 THE FOUNDATION RECEIVED INITIAL FUNDING FROM TWO ILLINOIS UTILITY CORPORATIONS. THE FUNDS WERE AND WILL BE EXPENDED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT AND ASSISTANCE TO ENTITIES FOR PROGRAMS AND PROJECTS THAT SUPPORT, ENCOURAGE OR UTILIZE INNOVATIVE TECHNOLOGIES OR OTHER METHODS THAT WILL BENEFIT THE PUBLIC BY PROMOTING ECONOMIC DEVELOPMENT IN ILLINOIS.
  2. PURSUANT TO CHAPTER 220, SECTION 5/16-180.6(F) OF THE PUBLIC UTILITIES ACT OF ILLINOIS COMPILED STATUTES, PROVIDES FOR FUNDING FROM THE TWO UTILITY CORPORATIONS OF 5,000,000 PER YEAR BEGINNING IN 2012 AND CONTINUING FOR TEN YEARS. THE FUNDS WILL BE USED TO PROVIDE CONSUMER EDUCATION REGARDING SMART METERS AND RELATED TECHNOLOGIES AND SERVICES.
  3. $9,376 spent. TO SUPPORT SOCIAL WELFARE AND ECONOMIC DEVELOPMENT BY PROVIDING FINANCIAL AND TECHNICAL SUPPORT FOR ENERGY CONCEPTS AND TO PROVIDE CONSUMER EDUCATION REGARDING SMART METERS AND RELATED TECHNOLOGIES AND SERVICES.
  4. TO SUPPORT SOCIAL WELFARE AND ECONOMIC DEVELOPMENT BY PROVIDING FINANCIAL AND TECHNICAL SUPPORT FOR ENERGY CONCEPTS AND TO PROVIDE CONSUMER EDUCATION REGARDING SMART METERS AND RELATED TECHNOLOGIES AND SERVICES.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(4) social welfare organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Caution.

    The IRS master file records contributions to this 501(c)(4) social welfare organization as not deductible.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 2013.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.