Civic Intelligence

Sugar Industry Technologists Inc

990 • Fiscal year 2021 • EIN 13-5541680

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 15, 2021

4032 Captiva RowMyrtle Beach, SC 29579

(863) 983-3637

Siviq Scores

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

Liabilities / Assets

44th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

44th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

47th percentile

6.3%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

87th percentile

$55,344

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 81.3% of source-year revenue.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

39th percentile

0.9%

Faster asset growth than 39% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

-1.3%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$353,079

Up $3,204 (+0.9%) from 2020

Net Assets

Up

$353,079

Up $4,264 (+1.2%) from 2020

Liabilities

Down

$0

Down $1,060 (-100%) from 2020

Revenue

Down

$68,084

Down $866 (-1.3%) from 2020

Expenses

Down

$63,820

Down $34,479 (-35%) from 2020

Net Income

Up

$4,264

Up $33,613 (+115%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $358,027Liabilities 2011: $710Net Assets 2011: $357,3172011Assets 2012: $361,160Liabilities 2012: $3,843Net Assets 2012: $357,3172012Assets 2013: $303,774Liabilities 2013: $2,044Net Assets 2013: $301,7302013Assets 2014: $325,627Liabilities 2014: $11,065Net Assets 2014: $314,5622014Assets 2015: $336,955Liabilities 2015: $9,648Net Assets 2015: $327,3072015Assets 2016: $345,424Liabilities 2016: $610Net Assets 2016: $344,8142016Assets 2017: $366,414Liabilities 2017: $1,095Net Assets 2017: $365,3182017Assets 2018: $372,965Liabilities 2018: $0Net Assets 2018: $372,9652018Assets 2019: $378,694Liabilities 2019: $530Net Assets 2019: $378,1642019Assets 2020: $349,875Liabilities 2020: $1,060Net Assets 2020: $348,8152020Assets 2021: $353,079Liabilities 2021: $0Net Assets 2021: $353,0792021Assets 2022: $304,361Liabilities 2022: $15,481Net Assets 2022: $288,8802022Assets 2023: $262,566Liabilities 2023: $5,015Net Assets 2023: $257,5512023Assets 2024: $274,845Liabilities 2024: $2,055Net Assets 2024: $272,7902024

Highlighted filing

2021

Assets$353,079
Liabilities$0
Net Assets$353,079

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $146,9292011Expenses 2012: $124,9962012Expenses 2013: $134,9292013Revenue 2014: $173,376Expenses 2014: $154,560Net Income 2014: $18,8162014Revenue 2015: $191,276Expenses 2015: $189,931Net Income 2015: $1,3452015Revenue 2016: $222,448Expenses 2016: $233,790Net Income 2016: -$11,3422016Revenue 2017: $182,859Expenses 2017: $143,687Net Income 2017: $39,1722017Revenue 2018: $204,908Expenses 2018: $184,622Net Income 2018: $20,2862018Revenue 2019: $142,952Expenses 2019: $149,811Net Income 2019: -$6,8592019Revenue 2020: $68,950Expenses 2020: $98,299Net Income 2020: -$29,3492020Revenue 2021: $68,084Expenses 2021: $63,820Net Income 2021: $4,2642021Revenue 2022: $132,563Expenses 2022: $176,216Net Income 2022: -$43,6532022Revenue 2023: $202,058Expenses 2023: $226,672Net Income 2023: -$24,6142023Revenue 2024: $178,742Expenses 2024: $166,649Net Income 2024: $12,0932024

Highlighted filing

2021

Revenue$68,084
Expenses$63,820
Net Income$4,264
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$68,084
Mission and Program Overview

Mission

To educate the public and the sugar manufacturing industry about current technologies related to the refining of sugar.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$218,750$252,326▲ $33,576
Savings and Temporary Cash Investments$104,091$93,265▼ $10,826
Inventories for Sale or Use$4,335$4,335→ $0
Prepaid Expenses and Deferred Charges$22,576$3,153▼ $19,423
Land, Buildings, and Equipment, Net$123$0▼ $123
Total Assets$349,875$353,079▲ $3,204
Liabilities
Other Liabilities$1,060$0▼ $1,060
Total Liabilities$1,060$0▼ $1,060
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$348,815$353,079▲ $4,264
Total Net Assets Fund Balance$348,815$353,079▲ $4,264
Total Liabilities and Net Assets / Fund Balance$349,875$353,079▲ $3,204

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$4,028$4,028
Other Securities$252,326--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Edgar AguirreExecutive DirectorFT$55,344$55,344

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$62,075
Investment Income
$6,009
Other Revenue
$0
Change in Net Assets
$4,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,820
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$44,275$11,069-$55,344
Information Technology$1,933$483-$2,416
Fees for Services Other$1,442$360-$1,802
Fees for Services Accounting$1,020$255-$1,275
Other Expenses$590$148-$738
Office Expenses$485$121-$606
Insurance$287$72-$359
Depreciation Depletion$98$25-$123
Total Functional Expenses$51,056$12,764$0$63,820
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Edgar AguirreExecutive DirectorManagement FeesNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 A, Line 7A

The organization forms a nominating committee annually to recommend officers and board of directors for the following year. The slate of officers and directors must be voted on by the members for approval.

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

The 990 was reviewed by the executive director and by the executive director with the vice president of adminstration prior to being filed with internal revenue service.

Form 990, Part VI, Section B, Line 15

Annually the board of directors reviews management and management compensation during the annual budget review.

Form 990, Part VI, Section C, Line 19

The organizations governing documents, policy and procedures manual and financial statements are available upon request at the organization's office.

Filing and Contact Details

Filer

Filer Name
Sugar Industry Technologists Inc
EIN
13-5541680
Phone
8639833637
Address
4032 CAPTIVA ROW, MYRTLE BEACH, SC 29579

Signing Officer

Name
Edgar Aguirre
Title
Executive Director
Phone
8639833637
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edgar Aguirre
Formed
1965
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
0

Preparer

Firm
Smith Sapp
Address
4728 JENN DR SUITE 100, MYRTLE BEACH, SC 29577
Preparer
Nathan E Skipper CPA
Phone
8434488334
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT FINANCE
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DIRECTOR
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IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO EDUCATE THE PUBLIC AND THE SUGAR MANUFACTURING INDUSTRY ABOUT CURRENT TECHNOLOGIES RELATED TO THE REFINING OF SUGAR.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0348815
IRS990/NetAssetsOrFundBalancesEOYAmt0353079
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0348815
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0353079
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0121
IRS990/OfficeExpensesGrp/ProgramServicesAmt0485
IRS990/OfficeExpensesGrp/TotalAmt0606
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0POSTAGE
IRS990/OtherExpensesGrp/Desc1PRINT AND MEDIA
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0231
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1148
IRS990/OtherExpensesGrp/ProgramServicesAmt0926
IRS990/OtherExpensesGrp/ProgramServicesAmt1590
IRS990/OtherExpensesGrp/TotalAmt01157
IRS990/OtherExpensesGrp/TotalAmt1738
IRS990/OtherLiabilitiesGrp/BOYAmt01060
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022576
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03153
IRS990/PrincipalOfficerNm0EDGAR AGUIRRE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt062075
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt062075
IRS990/ProgSrvcAccomActy2Grp/Desc0MEMBERSHIP ENCOURAGE NETWORKING AMONG THE SUGAR MANUFACTURING INDUSTRY RESULTING IN INCREASED UNDERSTANDING CURRENT TECHNOLOGIES RELATED TO THE REFINING OF SUGAR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt051056
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt062075
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06451
IRS990/PYOtherExpensesAmt098299
IRS990/PYOtherRevenueAmt0240
IRS990/PYProgramServiceRevenueAmt062259
IRS990/PYRevenuesLessExpensesAmt0-29349
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt098299
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt068950
IRS990/ReconcilationRevenueExpnssAmt04264
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0104091
IRS990/SavingsAndTempCashInvstGrp/EOYAmt093265
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04028
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04028
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0252326
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PUBLICLY TRADED DEBT SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0252326
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0EDGAR AGUIRRE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0EXECUTIVE DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FORMS A NOMINATING COMMITTEE ANNUALLY TO RECOMMEND OFFICERS AND BOARD OF DIRECTORS FOR THE FOLLOWING YEAR. THE SLATE OF OFFICERS AND DIRECTORS MUST BE VOTED ON BY THE MEMBERS FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WAS REVIEWED BY THE EXECUTIVE DIRECTOR AND BY THE EXECUTIVE DIRECTOR WITH THE VICE PRESIDENT OF ADMINSTRATION PRIOR TO BEING FILED WITH INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY THE BOARD OF DIRECTORS REVIEWS MANAGEMENT AND MANAGEMENT COMPENSATION DURING THE ANNUAL BUDGET REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS GOVERNING DOCUMENTS, POLICY AND PROCEDURES MANUAL AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0349875
IRS990/TotalAssetsEOYAmt0353079
IRS990/TotalAssetsGrp/BOYAmt0349875
IRS990/TotalAssetsGrp/EOYAmt0353079
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012764
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt051056
IRS990/TotalFunctionalExpensesGrp/TotalAmt063820
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01060
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt01060
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0348815
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0353079
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt051056
IRS990/TotalProgramServiceRevenueAmt062075
IRS990/TotalReportableCompFromOrgAmt055344
IRS990/TotalRevenueGrp/ExclusionAmt06009
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt062075
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt068084
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0349875
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0353079
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04032 CAPTIVA ROW
IRS990/USAddress/CityNm0MYRTLE BEACH
IRS990/USAddress/StateAbbreviationCd0SC

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.02$2.73$1.79$1.67$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.63$0.05$2.58$2.02$2.27$0.25
2022Detailed filing. Detailed filing data is available for this year.$3.04$0.15$2.89$1.33$1.76$0.44
2021Detailed filing. Detailed filing data is available for this year.$3.53$0.00$3.53$0.68$0.64$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.50$0.01$3.49$0.69$0.98$0.29
2019Detailed filing. Detailed filing data is available for this year.$3.79$0.01$3.78$1.43$1.50$0.07
2018Detailed filing. Detailed filing data is available for this year.$3.73$0.00$3.73$2.05$1.85$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.66$0.01$3.65$1.83$1.44$0.39
2016Detailed filing. Detailed filing data is available for this year.$3.45$0.01$3.45$2.22$2.34$0.11
2015Detailed filing. Detailed filing data is available for this year.$3.37$0.10$3.27$1.91$1.90$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.26$0.11$3.15$1.73$1.55$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$0.02$3.02$1.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.61$0.04$3.57$1.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.58$0.01$3.57$1.47