Civic Intelligence

Textile Research Institute

990 • Fiscal year 2016 • EIN 21-0647231

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 25, 2017

601 Prospect AvePrinceton, NJ 08540

(609) 430-4800

Siviq Scores

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

Liabilities / Assets

69th percentile

0.30x

Higher debt load relative to assets than 69% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

59th percentile

0.17x

Higher debt load relative to revenue than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

32nd percentile

-3.6%

Higher net margin than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

88th percentile

$181,672

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

12th percentile

-10%

Faster asset growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,531,585

Down $178,499 (-10%) from 2015

Net Assets

Down

$1,066,049

Down $97,289 (-8.4%) from 2015

Liabilities

Down

$465,536

Down $81,210 (-15%) from 2015

Revenue

Up

$2,713,256

Up $265,527 (+11%) from 2015

Expenses

Up

$2,810,545

Up $226,512 (+8.8%) from 2015

Net Income

Up

-$97,289

Up $39,015 (+29%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,061,210Liabilities 2010: $665,594Net Assets 2010: $1,395,6162010Assets 2011: $1,558,667Liabilities 2011: $592,195Net Assets 2011: $966,4722011Assets 2012: $1,770,087Liabilities 2012: $545,963Net Assets 2012: $1,224,1242012Assets 2013: $1,946,305Liabilities 2013: $558,827Net Assets 2013: $1,387,4782013Assets 2014: $1,826,871Liabilities 2014: $399,722Net Assets 2014: $1,427,1492014Assets 2015: $1,710,084Liabilities 2015: $546,746Net Assets 2015: $1,163,3382015Assets 2016: $1,531,585Liabilities 2016: $465,536Net Assets 2016: $1,066,0492016Assets 2017: $1,387,397Liabilities 2017: $424,227Net Assets 2017: $963,1702017Assets 2018: $1,560,643Liabilities 2018: $485,815Net Assets 2018: $1,074,8282018Assets 2019: $1,766,293Liabilities 2019: $614,951Net Assets 2019: $1,151,3422019Assets 2020: $2,817,408Liabilities 2020: $957,772Net Assets 2020: $1,859,6362020Assets 2021: $3,898,416Liabilities 2021: $1,108,748Net Assets 2021: $2,789,6682021Assets 2022: $5,791,295Liabilities 2022: $2,075,947Net Assets 2022: $3,715,3482022Assets 2023: $5,841,244Liabilities 2023: $3,453,542Net Assets 2023: $2,387,7022023Assets 2024: $4,789,880Liabilities 2024: $991,273Net Assets 2024: $3,798,6072024

Highlighted filing

2016

Assets$1,531,585
Liabilities$465,536
Net Assets$1,066,049

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $2,877,4372010Expenses 2011: $2,394,8742011Expenses 2012: $2,164,3672012Revenue 2013: $2,016,176Expenses 2013: $1,992,067Net Income 2013: $24,1092013Revenue 2014: $2,012,748Expenses 2014: $1,974,094Net Income 2014: $38,6542014Revenue 2015: $2,447,729Expenses 2015: $2,584,033Net Income 2015: -$136,3042015Revenue 2016: $2,713,256Expenses 2016: $2,810,545Net Income 2016: -$97,2892016Revenue 2017: $2,489,918Expenses 2017: $2,592,797Net Income 2017: -$102,8792017Revenue 2018: $3,376,663Expenses 2018: $3,265,005Net Income 2018: $111,6582018Revenue 2019: $3,201,055Expenses 2019: $3,124,541Net Income 2019: $76,5142019Revenue 2020: $4,159,062Expenses 2020: $3,450,768Net Income 2020: $708,2942020Revenue 2021: $5,113,874Expenses 2021: $4,185,052Net Income 2021: $928,8222021Revenue 2022: $5,938,854Expenses 2022: $4,918,564Net Income 2022: $1,020,2902022Revenue 2023: $6,154,539Expenses 2023: $7,576,226Net Income 2023: -$1,421,6872023Revenue 2024: $7,191,777Expenses 2024: $5,823,122Net Income 2024: $1,368,6552024

Highlighted filing

2016

Revenue$2,713,256
Expenses$2,810,545
Net Income-$97,289
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 25, 2017
Return Version
2016v3.1
Gross Receipts
$3,251,853
Mission and Program Overview

Mission

To promote the advancement of scientific knowledge in the fibrous and polymetric materials, human hair, textiles, and film (see schedule o for more information).

To promote the advancement of scientific knowledge in the fibrous and polymetric materials, human hair, textiles, and film.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$575,617$823,990▲ $248,373
Accounts Receivable$409,043$533,308▲ $124,265
Investments Other Securities$524,982$0▼ $524,982
Receivables From Officers Etc$85,000$85,000→ $0
Savings and Temporary Cash Investments$85,241$54,725▼ $30,516
Prepaid Expenses and Deferred Charges$13,536$23,279▲ $9,743
Cash and Non-Interest-Bearing Accounts$16,665$11,283▼ $5,382
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,710,084$1,531,585▼ $178,499
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$321,396$304,593▼ $16,803
Accounts Payable and Accrued Expenses$89,986$124,861▲ $34,875
Deferred Revenue$135,364$36,082▼ $99,282
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$546,746$465,536▼ $81,210
Net Assets / Fund Balance
Unrestricted Net Assets$1,163,338$1,066,049▼ $97,289
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,163,338$1,066,049▼ $97,289
Total Liabilities and Net Assets / Fund Balance$1,710,084$1,531,585▼ $178,499

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$471,392$1,216,664$1,688,056
Buildings$311,901$523,854$835,755
Other Land Buildings$26,119$82,882$109,001
Land$14,578-$14,578
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Trefor EvansDirector of ResearchFT$166,907$14,765$181,672
David GrahamPresidentFT$158,233$11,799$170,032
Peter LandaDirector BiomaterialsFT$160,263$8,651$168,914
Giorgiana GiancolaDirector Personal Care ProgramFT$147,408$3,286$150,694
Samuel Gourion-arsiquaudPrincipal Research ScientistFT$114,280$6,030$120,310
Eleanor LehmanSecretary/treasurerFT$66,520$15,419$81,939

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,636,695
Investment Income
$47,605
Other Revenue
$28,956
Change in Net Assets
$-97,289

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,713,256
Total Revenue per Audited Statements
$2,713,256
Total Revenue per Form 990
$2,713,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,747,904
Other Expenses$1,062,641
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$475,766$777,341-$1,253,107
Current Officers, Directors, Trustees, and Key Employees$95,989$156,835-$252,824
Other Expenses$235,394--$235,394
Occupancy$52,179$153,015-$205,194
Other Employee Benefits$51,610$84,325-$135,935
Depreciation Depletion$33,448$98,086-$131,534
Insurance$27,796$81,512-$109,308
Payroll Taxes$35,157$57,442-$92,599
Information Technology$16,378$48,028-$64,406
Office Expenses$9,740$42,073-$51,813
Travel$9,907$29,054-$38,961
Fees for Services Other-$24,919-$24,919
Fees for Services Legal-$20,117-$20,117
Interest-$20,107-$20,107
Fees for Services Accounting-$19,420-$19,420
Conferences and Meetings$3,777$11,077-$14,854
Pension Plan Contributions$5,102$8,337-$13,439
Total Functional Expenses$1,178,857$1,631,688$0$2,810,545

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,810,545
Total Expenses per Audited Statements$2,810,545
Total Expenses per Form 990$2,810,545
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$85,000$85,000→ $0
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 6

Anyone can become a member of the organization.

Form 990, Part VI, Section A, Line 7A

Any eligible member can be elected to the governing body by a vote.

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

The 990 is SENT TO AND reviewed by the appropriate board members, the president and the secretary and/or treasurer PRIOR TO FILING THE 990.

Form 990, Part VI, Section B, Line 12C

The organization uses an annual review process to monitor and enforce compliance with the conflict of interest policy.

Form 990, Part VI, Section C, Line 19

These documents are available to the public upon request.

Form 990, Part VI Line 15 A&B

The board of directors reviews and approves compensation for the president and treasurer of the organization based on an executive compensation plan.

Filing and Contact Details

Filer

Filer Name
Textile Research Institute
EIN
21-0647231
In Care Of
% ELEANOR LEHMAN
Phone
6094304800
Address
601 Prospect Ave, Princeton, NJ 08540
Doing Business As
TRI Princeton

Signing Officer

Name
David Graham
Title
President
Phone
6094304820
Signed
2017-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Graham
Formed
1951
Legal Domicile
Nj
Voting Board Members
13
Independent Board Members
13
Employees
16
Volunteers
13

Preparer

Firm
WithumSmithBrown PC
Address
1 SPRING STREET, NEW BRUNSWICK, NJ 08901
Preparer
Brad Caruso
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

By specializing in a combination of fundamental and applied science, we are recognized leaders in the personal care industry and have pioneered new methods and techniques to drive innovation in the field, set new standards by which the industry can follow, and raise the scientific bar in our industry to help maintain industry regulations and formats for product development and launches.

Form 990, Part III, Line 4B

Through our Professional Education Program, along with our various student employment opportunities, we provide the industry and the scientific community with a solid foundation of educated, motivated professionals. By contrast, our Scientific Conferences are renown for their technical standing and for bringing together todays scientists with tomorrows innovators to bridge the gap of learning and creativity.

Form 990, Part XII, Line 2C

The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selcetion of an independent accountant its oversight and seleCtion processes have not changed during the tax year.

Form 990, Part III, Line 1

The organization is committed to applying their recognized expertise to a variety of challenges for the benefit of our employees, members and the scientific community.

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

TRI is exempt from Federal and State income taxes under Section 501(c)(3) of the Internal Revenue Code and the appropriate laws of the State of New Jersey. Therefore, no provision has been made for income taxes on the statements of activities for the years ended December 31, 2016 and 2015. TRI information returns are generally subject to examination by the governmental agencies for three years after they are filed.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Professional Education - From college interns to post-doctoral fellows to industry professionals, TRI is committed to educating todays and the next generation of scientists. (See Schedule O for details)

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.79$0.99$3.80$7.19$5.82$1.37
2023Detailed filing. Detailed filing data is available for this year.$5.84$3.45$2.39$6.15$7.58$1.42
2022Detailed filing. Detailed filing data is available for this year.$5.79$2.08$3.72$5.94$4.92$1.02
2021Detailed filing. Detailed filing data is available for this year.$3.90$1.11$2.79$5.11$4.19$0.93
2020Detailed filing. Detailed filing data is available for this year.$2.82$0.96$1.86$4.16$3.45$0.71
2019Detailed filing. Detailed filing data is available for this year.$1.77$0.61$1.15$3.20$3.12$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.56$0.49$1.07$3.38$3.27$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.39$0.42$0.96$2.49$2.59$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.53$0.47$1.07$2.71$2.81$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.71$0.55$1.16$2.45$2.58$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.83$0.40$1.43$2.01$1.97$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.95$0.56$1.39$2.02$1.99$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.55$1.22$2.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.59$0.97$2.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$0.67$1.40$2.88