Civic Intelligence

Pump Systems Matter Inc.

990 • Fiscal year 2019 • EIN 27-3127367

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 10, 2020

Organization ProfileN/A
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

85th percentile

0.39x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • NTEE C • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

0.59x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • NTEE C • $500k-$1M nonprofits • Source year 2019

Net Margin

17th percentile

-12%

Higher net margin than 17% of similar nonprofits.

2019 filings • NTEE C • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

98th percentile

$395,641

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 91.3% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

59th percentile

7.1%

Faster asset growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

22nd percentile

-12%

Faster revenue growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$656,544

Up $43,548 (+7.1%) from 2018

Net Assets

Down

$399,651

Down $53,482 (-12%) from 2018

Liabilities

Up

$256,893

Up $97,030 (+61%) from 2018

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin17th percentile

Revenue

Down

$433,479

Down $57,237 (-12%) from 2018

Expenses

Down

$486,961

Down $88,710 (-15%) from 2018

Net Income

Up

-$53,482

Up $31,473 (+37%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

2019

Assets$656,544
Liabilities$256,893
Net Assets$399,651
Open 2019 Filing

Operations Trend

Revenue Growth22nd percentile

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

2019

Revenue$433,479
Expenses$486,961
Net Income-$53,482
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 10, 2020
Return Version
2019v5.0
Gross Receipts
$433,479
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$612,996$649,794▲ $36,798
Accounts Receivable-$6,750-
Total Assets$612,996$656,544▲ $43,548
Liabilities
Other Liabilities$159,554$254,084▲ $94,530
Deferred Revenue-$2,500-
Accounts Payable and Accrued Expenses$309$309→ $0
Total Liabilities$159,863$256,893▲ $97,030
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$453,133$399,651▼ $53,482
Total Net Assets Fund Balance$453,133$399,651▼ $53,482
Total Liabilities and Net Assets / Fund Balance$612,996$656,544▲ $43,548
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael MichaudE.d, Sec, TrPT$72,743$322,898$395,641
Peter GaydonDirector Tech. a-$17,933$169,095$187,028
Michael MichaudE.d, Sec, Treas-$58,071$14,672$80,932
Peter GaydonDirector Tech. Affairs-$15,410$10,712$17,933

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$433,479
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-53,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$486,961
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$297,710$52,538-$350,248
Occupancy$17,691$3,122-$20,813
Travel$17,043--$17,043
Fees for Services Legal$17,015--$17,015
Information Technology$14,205--$14,205
Office Expenses$7,313$1,291-$8,604
Fees for Services Accounting$6,904$1,219-$8,123
Insurance$6,484$1,144-$7,628
Advertising$7,446--$7,446
Depreciation Depletion$2,907$513-$3,420
Other Expenses$2,915--$2,915
Total Functional Expenses$427,134$59,827$0$486,961
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$254,084
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 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
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
2020-11-10
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/Desc0DUE TO HYDRAULIC INSTITUTE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount114672
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt132766
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PETER GAYDON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MICHAEL MICHAUD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIR. TECH. AFFAIRS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1E.D, SEC, TREAS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt180932
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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/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
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
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PARSIPPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1338423
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/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0656544
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IRS990/TotalAssetsGrp/EOYAmt0656544
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0427134
IRS990/TotalFunctionalExpensesGrp/TotalAmt0486961
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0256893
IRS990/TotalLiabilitiesGrp/BOYAmt0159863
IRS990/TotalLiabilitiesGrp/EOYAmt0256893
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0453133
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0399651

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$656,544
Liabilities
$256,893
Net assets
$399,651
Revenue
$433,479
Expenses
$486,961
Net income
-$53,482
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$3.64$1.35$8.04$7.33$0.71
2023Detailed filing. Detailed filing data is available for this year.$6.13$5.49$0.63$6.22$6.78$0.56
2022Detailed filing. Detailed filing data is available for this year.$7.77$6.57$1.19$5.91$6.40$0.49
2021Detailed filing. Detailed filing data is available for this year.$7.25$5.56$1.68$5.26$5.79$0.53
2020Detailed filing. Detailed filing data is available for this year.$6.89$4.68$2.21$4.45$6.24$1.78
2019Detailed filing. Detailed filing data is available for this year.$6.57$2.57$4.00$4.33$4.87$0.53
2018Detailed filing. Detailed filing data is available for this year.$6.13$1.60$4.53$4.91$5.76$0.85
2017Detailed filing. Detailed filing data is available for this year.$5.78$0.40$5.38$6.06$5.70$0.36