The Autism Society of Illinois was a not-for-profit membership-based organization whose mission was to partner with families and communities living with Autism in Illinois by generating awareness and providing education, training, support and guidance as a compassionate and caring authority. As the organization tried to adapt it service model to a more fulfilled lifespan planning model, the organization was unable to achieve its operational goals due to financial limitations. Additionally, the organization received a notice from the Autism Society of America terminating the organization’s affiliate status with the national organization effective as of December 31, 2016.
The accumulated deficit from operations from 2014 to 2016 was $237,339. The continued operations of the organization could not be sustained, and all operations ceased as of November 14, 2016. There was only one properly perfected security interest in equipment that already was returned to the leasing company prior to the commencement of the Assignment. There were no other perfected security interests in the remaining assets of the organization.