Civic Intelligence

Pump Systems Matter Inc.

990 • Fiscal year 2020 • EIN 27-3127367

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

90th percentile

0.68x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • NTEE C • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

91st percentile

1.05x

Higher debt load relative to revenue than 91% of similar nonprofits.

2020 filings • NTEE C • $500k-$1M nonprofits • Source year 2020

Net Margin

9th percentile

-40%

Higher net margin than 9% of similar nonprofits.

2020 filings • NTEE C • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

100th percentile

$423,806

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 95.2% of source-year revenue.

2020 filings • NTEE C • $500k-$1M nonprofits • Source year 2020

Asset Growth

43rd percentile

5.0%

Faster asset growth than 43% of similar nonprofits.

2020 filings • NTEE C • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

52nd percentile

2.7%

Faster revenue growth than 52% of similar nonprofits.

2020 filings • NTEE C • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$689,412

Up $32,868 (+5.0%) from 2019

Net Assets

Down

$221,211

Down $178,440 (-45%) from 2019

Liabilities

Up

$468,201

Up $211,308 (+82%) from 2019

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin9th percentile

Revenue

Up

$445,103

Up $11,624 (+2.7%) from 2019

Expenses

Up

$623,543

Up $136,582 (+28%) from 2019

Net Income

Down

-$178,440

Down $124,958 (-234%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2020

Assets$689,412
Liabilities$468,201
Net Assets$221,211
Open 2020 Filing

Operations Trend

Revenue Growth52nd 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

2020

Revenue$445,103
Expenses$623,543
Net Income-$178,440
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$445,103
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$649,794$673,413▲ $23,619
Accounts Receivable$6,750$15,100▲ $8,350
Prepaid Expenses and Deferred Charges-$899-
Total Assets$656,544$689,412▲ $32,868
Liabilities
Other Liabilities$254,084$458,009▲ $203,925
Deferred Revenue$2,500$7,433▲ $4,933
Accounts Payable and Accrued Expenses$309$2,759▲ $2,450
Total Liabilities$256,893$468,201▲ $211,308
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$399,651$221,211▼ $178,440
Total Net Assets Fund Balance$399,651$221,211▼ $178,440
Total Liabilities and Net Assets / Fund Balance$656,544$689,412▲ $32,868
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleBaseOtherTotal
Michael MichaudE.d, Sec, Tr$78,001$345,805$423,806
Michael MichaudE.d, Sec, Treas$63,329$23,401$86,730

Board Members and Trustees

NameTitle
Geoffrey WickesChairman
Chris JohnsonDirector
Jack ClaxtonDirector
Jen MuirDirector
Jeremy FrankDirector
Scott TystadDirector
Brent RossOfficer
Jim SwetyeOfficer
John KahrenOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$445,103
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-178,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$623,543
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$393,213$69,391-$462,604
Other Expenses$26,805--$26,805
Occupancy$22,395$3,953-$26,348
Office Expenses$16,564$2,924-$19,488
Information Technology$16,132--$16,132
Fees for Services Legal$14,305--$14,305
Insurance$7,175$1,266-$8,441
Fees for Services Accounting$4,972$878-$5,850
Depreciation Depletion$3,514$621-$4,135
Travel$3,567--$3,567
Conferences and Meetings$2,059$363-$2,422
Advertising$612--$612
Total Functional Expenses$544,147$79,396$0$623,543
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$458,009
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
2021-11-12
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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0272045
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0293441
IRS990ScheduleA/Total509Grp/TotalAmt01708629
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0445103
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0433479
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0264561
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0272045
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0293443
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01708631
IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO HYDRAULIC INSTITUTE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount014672
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0243471
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05129
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt020519
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt014400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL MICHAUD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0E.D, SEC, TREAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt086730
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0337076
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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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0300 INTERPACE PKWY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PARSIPPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd007054
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt192048
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2462694
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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt0689412
IRS990/TotalCompGreaterThan150KInd0true
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0544147
IRS990/TotalFunctionalExpensesGrp/TotalAmt0623543
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt0468201
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IRS990/TravelGrp/TotalAmt03567
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IRS990/UponRequestInd0X

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
$689,412
Liabilities
$468,201
Net assets
$221,211
Revenue
$445,103
Expenses
$623,543
Net income
-$178,440
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