Civic Intelligence

Pump Systems Matter Inc.

990 • Fiscal year 2018 • EIN 27-3127367

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

300 Interpace PkwyParsippany, NJ 07054

(973) 267-9700

Siviq Scores

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

Liabilities / Assets

80th percentile

0.26x

Higher debt load relative to assets than 80% of similar nonprofits.

2018 filings • NTEE C • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

0.33x

Higher debt load relative to revenue than 87% of similar nonprofits.

2018 filings • NTEE C • $500k-$1M nonprofits • Source year 2018

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2018 filings • NTEE C • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

98th percentile

$368,953

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 75.2% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

61st percentile

6.1%

Faster asset growth than 61% of similar nonprofits.

2018 filings • NTEE C • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

21st percentile

-19%

Faster revenue growth than 21% of similar nonprofits.

2018 filings • NTEE C • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$612,996

Up $35,108 (+6.1%) from 2017

Net Assets

Down

$453,133

Down $84,955 (-16%) from 2017

Liabilities

Up

$159,863

Up $120,063 (+302%) from 2017

Revenue

Down

$490,716

Down $115,290 (-19%) from 2017

Expenses

Up

$575,671

Up $5,421 (+1.0%) from 2017

Net Income

Down

-$84,955

Down $120,711 (-338%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2017: $577,888Liabilities 2017: $39,800Net Assets 2017: $538,0882017Assets 2018: $612,996Liabilities 2018: $159,863Net Assets 2018: $453,1332018Assets 2019: $656,544Liabilities 2019: $256,893Net Assets 2019: $399,6512019Assets 2020: $689,412Liabilities 2020: $468,201Net Assets 2020: $221,2112020Assets 2021: $724,604Liabilities 2021: $556,421Net Assets 2021: $168,1832021Assets 2022: $776,639Liabilities 2022: $657,471Net Assets 2022: $119,1682022Assets 2023: $612,516Liabilities 2023: $549,337Net Assets 2023: $63,1792023Assets 2024: $498,470Liabilities 2024: $363,959Net Assets 2024: $134,5112024

Highlighted filing

2018

Assets$612,996
Liabilities$159,863
Net Assets$453,133

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2017: $606,006Expenses 2017: $570,250Net Income 2017: $35,7562017Revenue 2018: $490,716Expenses 2018: $575,671Net Income 2018: -$84,9552018Revenue 2019: $433,479Expenses 2019: $486,961Net Income 2019: -$53,4822019Revenue 2020: $445,103Expenses 2020: $623,543Net Income 2020: -$178,4402020Revenue 2021: $525,671Expenses 2021: $578,699Net Income 2021: -$53,0282021Revenue 2022: $590,897Expenses 2022: $639,912Net Income 2022: -$49,0152022Revenue 2023: $621,545Expenses 2023: $677,534Net Income 2023: -$55,9892023Revenue 2024: $803,968Expenses 2024: $732,636Net Income 2024: $71,3322024

Highlighted filing

2018

Revenue$490,716
Expenses$575,671
Net Income-$84,955
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$490,716
Mission and Program Overview

Mission

To develop and provide professional development courses, tools and materials to raise awareness of the opportunities and benefits of pump systems optimization.

The organization develops and offers professional development courses, tools and materials to raise awareness of the opportunities and benefits of pump systems optimization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$577,888$612,996▲ $35,108
Total Assets$577,888$612,996▲ $35,108
Liabilities
Other Liabilities$34,014$159,554▲ $125,540
Accounts Payable and Accrued Expenses$5,702$309▼ $5,393
Deferred Revenue$84--
Total Liabilities$39,800$159,863▲ $120,063
Net Assets / Fund Balance
Unrestricted Net Assets$538,088$453,133▼ $84,955
Total Net Assets Fund Balance$538,088$453,133▼ $84,955
Total Liabilities and Net Assets / Fund Balance$577,888$612,996▲ $35,108
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael MichaudE.d., Sec/trPT$69,217$299,736$368,953
Peter GaydonDirector Tech. a-$16,844$165,086$181,930
Michael MichaudE.d., Sec/treas.-$56,616$18,934$75,550
Peter GaydonDirector Tech. Affairs-$14,703$2,141$16,844

Board Members and Trustees

NameTitle
Geoffrey WickesChairman
Brent RossDirector
Christy BermensoloDirector
Gary CaveyDirector
Jen MuirDirector
Jeremy FrankDirector
Mick CropperDirector
John KahrenOfficer
John WhiteOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$490,716
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-84,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$575,671
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
Payments to Affiliates$235,082$41,485-$276,567
Office Expenses$78,627$13,876-$92,503
Fees for Services Other$37,917--$37,917
Travel$35,699--$35,699
Occupancy$22,174$3,914-$26,088
Fees for Services Legal$12,703--$12,703
Information Technology$12,700--$12,700
Insurance$6,225$1,099-$7,324
Advertising$6,446--$6,446
Fees for Services Accounting$4,335$765-$5,100
Other Expenses$3,390--$3,390
Depreciation Depletion$1,717$303-$2,020
Total Functional Expenses$514,229$61,442$0$575,671
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Hydraulic Institute$159,554
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

SEE 7A.

Form 990, Page 6, Part VI, Line 7A

Those eligible to become members shall be pump manufacturers and other companies eligible to join the hydraulic institute ("hi"), energy efficiency organizations, utility companies, non-governmental organizations, pump systems users, engineering consulting firms and organizations, academic institutions, research institutions, individuals and other public and private agencies desiring to advance the objectives of the corporation by promoting the efficient and effective use of the pump systems.

Form 990, Page 6, Part VI, Line 11B

Form 990 is provided in draft form to the members of the finance/audit committee for review and comment. The final draft is reviewed by the controller, executive director and finance/audit committee prior to its filing.

Form 990, Page 6, Part VI, Line 12C

Directors, officers and employees have a continuing duty to disclose conflicts of interest as they arise. A copy of this policy is furnished for each director, officer, and employee who is presently serving the pump systems matter, inc. And is included in the orientation package of all future directors, officers, and employees. All directors and officers annually, and employees upon employment, sign acknowledgments that they have received a copy of, understand and will comply with this policy.

Form 990, Page 6, Part VI, Line 15A

The ceo appointment is screened and approved by the governing board. Ceo compensation is determined and approved by the governing board. An employment contract is obtained.

Form 990, Page 6, Part VI, Line 15B

Key employees are screened by the executive director and appointed with the advice and consent of the governing board.

Form 990, Page 6, Part VI, Line 19

By-laws and many company policies and procedures are available on the company website. Financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Pump Systems Matter Inc
EIN
27-3127367
Phone
9732679700
Address
300 INTERPACE PKWY, PARSIPPANY, NJ 07054
Doing Business As
Pump Systems Matter Inc

Signing Officer

Name
Michael Michaud
Title
E.d., Sec/treas.
Phone
9732679700
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Michaud
Formed
2010
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
50

Preparer

Firm
Peter Gill CPA LLC
Address
625 LAFAYETTE AVENUE, HAWTHORNE, NJ 07506
Preparer
Peter Gill CPA
Phone
9734234949
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

Pump systems matter, inc.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0159554
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO HYDRAULIC INSTITUTE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount12141
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt050401
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt119273
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0217665
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1126656
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06333
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt119157
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL MICHAUD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PETER GAYDON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0E.D., SEC/TREAS.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIR. TECH. AFFAIRS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt116844
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0293403
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PUMP SYSTEMS MATTER, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SEE 7A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THOSE ELIGIBLE TO BECOME MEMBERS SHALL BE PUMP MANUFACTURERS AND OTHER COMPANIES ELIGIBLE TO JOIN THE HYDRAULIC INSTITUTE ("HI"), ENERGY EFFICIENCY ORGANIZATIONS, UTILITY COMPANIES, NON-GOVERNMENTAL ORGANIZATIONS, PUMP SYSTEMS USERS, ENGINEERING CONSULTING FIRMS AND ORGANIZATIONS, ACADEMIC INSTITUTIONS, RESEARCH INSTITUTIONS, INDIVIDUALS AND OTHER PUBLIC AND PRIVATE AGENCIES DESIRING TO ADVANCE THE OBJECTIVES OF THE CORPORATION BY PROMOTING THE EFFICIENT AND EFFECTIVE USE OF THE PUMP SYSTEMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS PROVIDED IN DRAFT FORM TO THE MEMBERS OF THE FINANCE/AUDIT COMMITTEE FOR REVIEW AND COMMENT. THE FINAL DRAFT IS REVIEWED BY THE CONTROLLER, EXECUTIVE DIRECTOR AND FINANCE/AUDIT COMMITTEE PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DIRECTORS, OFFICERS AND EMPLOYEES HAVE A CONTINUING DUTY TO DISCLOSE CONFLICTS OF INTEREST AS THEY ARISE. A COPY OF THIS POLICY IS FURNISHED FOR EACH DIRECTOR, OFFICER, AND EMPLOYEE WHO IS PRESENTLY SERVING THE PUMP SYSTEMS MATTER, INC. AND IS INCLUDED IN THE ORIENTATION PACKAGE OF ALL FUTURE DIRECTORS, OFFICERS, AND EMPLOYEES. ALL DIRECTORS AND OFFICERS ANNUALLY, AND EMPLOYEES UPON EMPLOYMENT, SIGN ACKNOWLEDGMENTS THAT THEY HAVE RECEIVED A COPY OF, UNDERSTAND AND WILL COMPLY WITH THIS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CEO APPOINTMENT IS SCREENED AND APPROVED BY THE GOVERNING BOARD. CEO COMPENSATION IS DETERMINED AND APPROVED BY THE GOVERNING BOARD. AN EMPLOYMENT CONTRACT IS OBTAINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6KEY EMPLOYEES ARE SCREENED BY THE EXECUTIVE DIRECTOR AND APPOINTED WITH THE ADVICE AND CONSENT OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BY-LAWS AND MANY COMPANY POLICIES AND PROCEDURES ARE AVAILABLE ON THE COMPANY WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0HYDRAULIC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HYDRAULIC INSTITUTE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0223525903
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TRADE ASSO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0300 INTERPACE PKWY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PARSIPPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0159554
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1276567
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL AMOUNT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST ALLOCATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2COST ALLOCATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HYDRAULIC INSTITUTE INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1HYDRAULIC INSTITUTE INC LMNP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2HYDRAULIC INSTITUTE INC
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IRS990/TotalAssetsBOYAmt0577888
IRS990/TotalAssetsEOYAmt0612996
IRS990/TotalAssetsGrp/BOYAmt0577888

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