Civic Intelligence

Friction Materials Standards Institute Inc

990 • Fiscal year 2020 • EIN 13-1606491

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 08, 2021

Organization ProfileWWW.FMSI.ORG
3069 University Drive No 210Auburn Hills, MI 48326

(203) 245-8425

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.10x

Higher debt load relative to assets than 40% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.17x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

85th percentile

24%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

81st percentile

21%

Faster asset growth than 81% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

29%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$1,110,032

Up $190,046 (+21%) from 2019

Net Assets

Up

$999,805

Up $165,223 (+20%) from 2019

Liabilities

Up

$110,227

Up $24,823 (+29%) from 2019

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin85th percentile

Revenue

Up

$658,515

Up $149,917 (+29%) from 2019

Expenses

Down

$501,146

Down $12,328 (-2.4%) from 2019

Net Income

Up

$157,369

Up $162,245 (+3327%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $570,218Liabilities 2010: $73,243Net Assets 2010: $496,9752010Assets 2011: $660,850Liabilities 2011: $70,283Net Assets 2011: $590,5672011Assets 2012: $727,096Liabilities 2012: $71,420Net Assets 2012: $655,6762012Assets 2013: $750,794Liabilities 2013: $72,631Net Assets 2013: $678,1632013Assets 2014: $837,133Liabilities 2014: $74,559Net Assets 2014: $762,5742014Assets 2015: $938,382Liabilities 2015: $76,592Net Assets 2015: $861,7902015Assets 2016: $1,063,585Liabilities 2016: $90,192Net Assets 2016: $973,3932016Assets 2017: $1,094,933Liabilities 2017: $154,417Net Assets 2017: $940,5162017Assets 2018: $904,319Liabilities 2018: $74,025Net Assets 2018: $830,2942018Assets 2019: $919,986Liabilities 2019: $85,404Net Assets 2019: $834,5822019Assets 2020: $1,110,032Liabilities 2020: $110,227Net Assets 2020: $999,8052020Assets 2021: $1,034,616Liabilities 2021: $122,841Net Assets 2021: $911,7752021Assets 2022: $1,084,032Liabilities 2022: $250,431Net Assets 2022: $833,6012022Assets 2023: $946,936Liabilities 2023: $200,853Net Assets 2023: $746,0832023Assets 2024: $929,226Liabilities 2024: $216,145Net Assets 2024: $713,0812024

Highlighted filing

2020

Assets$1,110,032
Liabilities$110,227
Net Assets$999,805
Open 2020 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $275,8752010Expenses 2011: $317,0842011Expenses 2012: $306,6832012Revenue 2013: $344,666Expenses 2013: $320,503Net Income 2013: $24,1632013Revenue 2014: $377,976Expenses 2014: $290,932Net Income 2014: $87,0442014Revenue 2015: $400,343Expenses 2015: $299,826Net Income 2015: $100,5172015Revenue 2016: $473,611Expenses 2016: $365,331Net Income 2016: $108,2802016Revenue 2017: $427,961Expenses 2017: $441,841Net Income 2017: -$13,8802017Revenue 2018: $498,779Expenses 2018: $547,774Net Income 2018: -$48,9952018Revenue 2019: $508,598Expenses 2019: $513,474Net Income 2019: -$4,8762019Revenue 2020: $658,515Expenses 2020: $501,146Net Income 2020: $157,3692020Revenue 2021: $521,842Expenses 2021: $597,767Net Income 2021: -$75,9252021Revenue 2022: $575,953Expenses 2022: $637,598Net Income 2022: -$61,6452022Revenue 2023: $618,367Expenses 2023: $705,043Net Income 2023: -$86,6762023Revenue 2024: $738,661Expenses 2024: $771,049Net Income 2024: -$32,3882024

Highlighted filing

2020

Revenue$658,515
Expenses$501,146
Net Income$157,369
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 8, 2021
Return Version
2020v4.1
Gross Receipts
$658,515
Mission and Program Overview

Mission

NONE

Gathers information for manufacturers of automotive friction materials.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$263,449$373,354▲ $109,905
Investments in Publicly Traded Securities$427,675$336,030▼ $91,645
Cash and Non-Interest-Bearing Accounts$49,151$172,223▲ $123,072
Prepaid Expenses and Deferred Charges$71,268$146,761▲ $75,493
Land, Buildings, and Equipment, Net$99,413$67,724▼ $31,689
Accounts Receivable$5,405$10,315▲ $4,910
Total Assets$919,986$1,110,032▲ $190,046
Other Assets Total$3,625$3,625→ $0
Liabilities
Deferred Revenue$8,480$88,087▲ $79,607
Accounts Payable and Accrued Expenses$76,924$22,140▼ $54,784
Total Liabilities$85,404$110,227▲ $24,823
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$350,019$587,475▲ $237,456
Net Assets With Donor Restrictions$484,563$412,330▼ $72,233
Total Net Assets Fund Balance$834,582$999,805▲ $165,223
Total Liabilities and Net Assets / Fund Balance$919,986$1,110,032▲ $190,046

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$67,724$73,345$141,069
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
William CarneyDirector/chairman
Frank OlivetoDirector/president
Mark PhippsDirector/2nd Vice Chairman
Bill MurrayDirector/vice Chairman
Kelisson De AzevedoDirector
Skip CarrollDirector
Steve BirdDirector
Rick JamiesonDirector/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$544,998
Program Service Revenue
$0
Investment Income
$10,226
Other Revenue
$103,291
Change in Net Assets
$157,369

Audited Revenue Reconciliation

Revenue per Audited Statements
$658,515
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$7,854
Total Revenue per Audited Statements
$666,369
Total Revenue per Form 990
$658,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$348,836
Salaries, Compensation, and Employee Benefits$152,310
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$133,579
Fees for Services Legal---$40,676
Occupancy---$33,858
Depreciation Depletion---$31,689
All Other Expenses---$31,636
Payroll Taxes---$13,418
Other Expenses---$9,509
Fees for Services Accounting---$9,481
Conferences and Meetings---$5,600
Pension Plan Contributions---$5,313
Office Expenses---$5,276
Insurance---$3,605
Travel---$485
Total Functional Expenses$0$0$0$501,146

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$501,146
Total Expenses per Audited Statements$501,146
Total Expenses per Form 990$501,146
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 is given to the president of the organization for review before filing. He will examine it for any discrepancies.”

Form 990, Part VI, Section C, Line 19

“All documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Friction Materials Standards Institute
EIN
13-1606491
Phone
2032458425
Address
3069 UNIVERSITY DRIVE NO 210, AUBURN HILLS, MI 48326

Signing Officer

Name
Frank Oliveto
Title
President
Phone
2032458425
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Oliveto
Formed
1948
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
3
Volunteers
0

Preparer

Firm
Bailey Scarano LLC
Address
1224 MAIN STREET, BRANFORD, CT 06405
Preparer
Dominic Scarano Jr CPA
Phone
2034811120
Raw XML Appendix339 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt076924
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt022140
IRS990/AccountsReceivableGrp/BOYAmt05405
IRS990/AccountsReceivableGrp/EOYAmt010315
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0GATHERS INFORMATION FOR MANUFACTURERS OF AUTOMOTIVE FRICTION MATERIALS.
IRS990/AllOtherExpensesGrp/TotalAmt031636
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0GARRETT OLIVETO
IRS990/BooksInCareOfDetail/PhoneNum02032458425
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03069 UNIVERSITY DRIVE SUITE 210
IRS990/BooksInCareOfDetail/USAddress/CityNm0AUBURN HILLS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048326
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt049151
IRS990/CashNonInterestBearingGrp/EOYAmt0172223
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt05600
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0544998
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt010226
IRS990/CYOtherExpensesAmt0348836
IRS990/CYOtherRevenueAmt0103291
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0157369
IRS990/CYSalariesCompEmpBnftPaidAmt0152310
IRS990/CYTotalExpensesAmt0501146
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0658515
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt08480
IRS990/DeferredRevenueGrp/EOYAmt088087
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt031689
IRS990/Desc0THE INSTITUTE IS AN ASSOCIATION OF MANUFACTURERS OF AUTOMOTIVE FRICTION MATERIALS PRIMARILY FOR BRAKE LININGS AND CLUTCH FACINGS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0484563
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0412330
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt09481
IRS990/FeesForServicesLegalGrp/TotalAmt040676
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0RICK JAMIESON
IRS990/Form990PartVIISectionAGrp/PersonNm1STEVE BIRD
IRS990/Form990PartVIISectionAGrp/PersonNm2FRANK OLIVETO
IRS990/Form990PartVIISectionAGrp/PersonNm3MARK PHIPPS
IRS990/Form990PartVIISectionAGrp/PersonNm4BILL MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm5WILLIAM CARNEY
IRS990/Form990PartVIISectionAGrp/PersonNm6SKIP CARROLL
IRS990/Form990PartVIISectionAGrp/PersonNm7KELISSON DE AZEVEDO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR/2ND VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR/VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR/CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01948
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0658515
IRS990/GrossSalesOfInventoryAmt094741
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt03605
IRS990/InvestmentIncomeGrp/ExclusionAmt010226
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010226
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0427675
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0336030
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt073345
IRS990/LandBldgEquipBasisNetGrp/BOYAmt099413
IRS990/LandBldgEquipBasisNetGrp/EOYAmt067724
IRS990/LandBldgEquipCostOrOtherBssAmt0141069
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0544998
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0NONE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0834582
IRS990/NetAssetsOrFundBalancesEOYAmt0999805
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt094741
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt094741
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt07854
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0350019
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0587475
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt033858
IRS990/OfficeExpensesGrp/TotalAmt05276
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03625
IRS990/OtherAssetsTotalGrp/EOYAmt03625
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CATALOG COSTS
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2COMPUTER SECURITY ASSES
IRS990/OtherExpensesGrp/Desc3BAD DEBTS
IRS990/OtherExpensesGrp/TotalAmt0117013
IRS990/OtherExpensesGrp/TotalAmt137821
IRS990/OtherExpensesGrp/TotalAmt222187
IRS990/OtherExpensesGrp/TotalAmt39509
IRS990/OtherRevenueMiscGrp/BusinessCd0541800
IRS990/OtherRevenueMiscGrp/Desc0ADVERTISING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08550
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08550
IRS990/OtherRevenueTotalAmt08550
IRS990/OtherSalariesAndWagesGrp/TotalAmt0133579
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt013418
IRS990/PensionPlanContributionsGrp/TotalAmt05313
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt071268
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0146761
IRS990/PrincipalOfficerNm0FRANK OLIVETO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0466621
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012539
IRS990/PYOtherExpensesAmt0393184
IRS990/PYOtherRevenueAmt029438
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-4876
IRS990/PYSalariesCompEmpBnftPaidAmt0120290
IRS990/PYTotalExpensesAmt0513474
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0508598
IRS990/ReconcilationRevenueExpnssAmt0157369
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0263449
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0373354
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt067724
IRS990ScheduleD/EquipmentGrp/DepreciationAmt073345
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0141069
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0501146
IRS990ScheduleD/NetUnrealizedGainsInvstAmt07854
IRS990ScheduleD/RevenueNotReportedAmt07854
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0658515
IRS990ScheduleD/TotalBookValueLandBuildingsAmt067724
IRS990ScheduleD/TotalExpensesPerForm990Amt0501146
IRS990ScheduleD/TotalRevenuePerForm990Amt0658515
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0666369
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0501146
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS GIVEN TO THE PRESIDENT OF THE ORGANIZATION FOR REVIEW BEFORE FILING. HE WILL EXAMINE IT FOR ANY DISCREPANCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0919986
IRS990/TotalAssetsEOYAmt01110032
IRS990/TotalAssetsGrp/BOYAmt0919986
IRS990/TotalAssetsGrp/EOYAmt01110032
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0544998
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0501146
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt085404
IRS990/TotalLiabilitiesEOYAmt0110227
IRS990/TotalLiabilitiesGrp/BOYAmt085404
IRS990/TotalLiabilitiesGrp/EOYAmt0110227
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0834582
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0999805
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt010226
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0103291
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0658515
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0919986
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01110032
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0485
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03069 UNIVERSITY DRIVE SUITE 210
IRS990/USAddress/CityNm0AUBURN HILLS
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048326
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.FMSI.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK OLIVETO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02032458425
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRICTION MATERIALS STANDARDS INSTITUTE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0FRIC
ReturnHeader/Filer/EIN0131606491
ReturnHeader/Filer/PhoneNum02032458425
ReturnHeader/Filer/USAddress/AddressLine1Txt03069 UNIVERSITY DRIVE NO 210
ReturnHeader/Filer/USAddress/CityNm0AUBURN HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048326
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272562250
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAILEY SCARANO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01224 MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRANFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006405
ReturnHeader/PreparerPersonGrp/PhoneNum02034811120
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOMINIC SCARANO JR CPA
ReturnHeader/ReturnTs02021-11-12T12:29:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FRANK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OLIVETO
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,110,032
Liabilities
$110,227
Net assets
$999,805
Revenue
$658,515
Expenses
$501,146
Net income
$157,369
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.22$0.71$0.74$0.77$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.95$0.20$0.75$0.62$0.71$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.25$0.83$0.58$0.64$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.12$0.91$0.52$0.60$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.11$0.11$1.00$0.66$0.50$0.16
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.09$0.83$0.51$0.51$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.07$0.83$0.50$0.55$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.15$0.94$0.43$0.44$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.09$0.97$0.47$0.37$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.94$0.08$0.86$0.40$0.30$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.07$0.76$0.38$0.29$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.07$0.68$0.34$0.32$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.07$0.66$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.07$0.59$0.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.07$0.50$0.28