Civic Intelligence

Polymers Foundation Inc.

990 • Fiscal year 2014 • EIN 56-2126492

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 29, 2015

Organization ProfileN/A
8900 Research Dr28262

(704) 602-4100

Siviq Scores

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

Liabilities / Assets

78th percentile

0.00x

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

2014 filings • NTEE T • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

78th percentile

0.00x

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

2014 filings • NTEE T • $500k-$1M nonprofits • Source year 2014

Net Margin

11th percentile

-163%

Higher net margin than 11% of similar nonprofits.

2014 filings • NTEE T • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

97th percentile

$118,599

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 545.4% of source-year revenue.

2014 filings • NTEE T • $500k-$1M nonprofits • Source year 2014

Asset Growth

23rd percentile

-5.0%

Faster asset growth than 23% of similar nonprofits.

2014 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

43rd percentile

-0.3%

Faster revenue growth than 43% of similar nonprofits.

2014 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2012 to 2014

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$670,942

Down $35,340 (-5.0%) from 2013

Net Assets

Down

$670,942

Down $35,340 (-5.0%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin11th percentile

Revenue

$21,747

No earlier filing loaded for comparison.

Expenses

Up

$57,087

Up $55,493 (+3481%) from 2013

Net Income

-$35,340

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$800K$600K$400K$200K$0Assets 2011: $664,424Liabilities 2011: $0Net Assets 2011: $664,4242011Assets 2012: $684,723Liabilities 2012: $0Net Assets 2012: $684,7232012Assets 2013: $706,282Liabilities 2013: $0Net Assets 2013: $706,2822013Assets 2014: $670,942Liabilities 2014: $0Net Assets 2014: $670,9422014Assets 2015: $696,227Liabilities 2015: $0Net Assets 2015: $696,2272015Assets 2016: $78,402Liabilities 2016: $0Net Assets 2016: $78,4022016Assets 2017: $85,091Liabilities 2017: $0Net Assets 2017: $85,0912017Assets 2018: $94,499Liabilities 2018: $0Net Assets 2018: $94,4992018Assets 2019: $92,905Liabilities 2019: $0Net Assets 2019: $92,9052019Assets 2020: $91,940Liabilities 2020: $0Net Assets 2020: $91,9402020Assets 2021: $88,897Liabilities 2021: $0Net Assets 2021: $88,8972021Assets 2022: $293,510Liabilities 2022: $0Net Assets 2022: $293,5102022Assets 2023: $315,560Liabilities 2023: $0Net Assets 2023: $315,5602023Assets 2024: $351,191Liabilities 2024: $0Net Assets 2024: $351,1912024Assets 2025: $371,943Liabilities 2025: $0Net Assets 2025: $371,9432025

Highlighted filing

2014

Assets$670,942
Liabilities$0
Net Assets$670,942
Open 2014 Filing

Operations Trend

Revenue Growth43rd percentile

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

$1.0M$500K$0-$500K-$1.0MExpenses 2011: $1,5942011Revenue 2012: $21,892Expenses 2012: $1,593Net Income 2012: $20,2992012Expenses 2013: $1,5942013Revenue 2014: $21,747Expenses 2014: $57,087Net Income 2014: -$35,3402014Revenue 2015: $26,882Expenses 2015: $1,597Net Income 2015: $25,2852015Revenue 2016: $1,000Expenses 2016: $618,825Net Income 2016: -$617,8252016Revenue 2017: $10,000Expenses 2017: $3,311Net Income 2017: $6,6892017Revenue 2018: $11,010Expenses 2018: $1,602Net Income 2018: $9,4082018Revenue 2019: $0Expenses 2019: $1,594Net Income 2019: -$1,5942019Revenue 2020: $2,600Expenses 2020: $3,565Net Income 2020: -$9652020Revenue 2021: $0Expenses 2021: $3,043Net Income 2021: -$3,0432021Revenue 2022: $227,228Expenses 2022: $3,929Net Income 2022: $223,2992022Revenue 2023: $16,633Expenses 2023: $5,572Net Income 2023: $11,0612023Revenue 2024: $38,280Expenses 2024: $24,978Net Income 2024: $13,3022024Revenue 2025: $20,476Expenses 2025: $14,378Net Income 2025: $6,0982025

Highlighted filing

2014

Revenue$21,747
Expenses$57,087
Net Income-$35,340
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 29, 2015
Return Version
2013v4.0
Gross Receipts
$21,747
Mission and Program Overview

Mission

Receive, manage and allocate funds, in-kind donations and other things of value donated or otherwise provided to the foundation for specific purposes consistent with it's non-profit status. Those purposes shall include research and education relating to polymer science.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$56,962$55,367▼ $1,595
Savings and Temporary Cash Investments$74,545$19,073▼ $55,472
Cash and Non-Interest-Bearing Accounts$1,018$1,018→ $0
Total Assets$706,282$670,942▼ $35,340
Other Assets Total$573,757$595,484▲ $21,727
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$706,282$670,942▼ $35,340
Total Net Assets Fund Balance$706,282$670,942▼ $35,340
Total Liabilities and Net Assets / Fund Balance$706,282$670,942▼ $35,340

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$55,367$8,395$63,762
Other Assets Org$152,086--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleOtherTotal
Dennis L HayfordPresident$118,599$118,599
Daryl J WrightVice Preside$78,340$78,340

Board Members and Trustees

NameTitle
H L ReeseChairman
Philip S ShoemakerVice Chairma
Scott SmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$21,747
Other Revenue
$0
Change in Net Assets
$-35,340

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,747
Total Revenue per Audited Statements
$21,747
Total Revenue per Form 990
$21,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$57,087
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$55,492--$55,492
Depreciation Depletion$1,595--$1,595
Total Functional Expenses$57,087$0$0$57,087

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$57,087
Total Expenses per Audited Statements$57,087
Total Expenses per Form 990$57,087
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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 11B

“Form 990 is reviewed by the board of directors prior to its filing.”

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

“The organization requests its board members to state if they have conflicts of interests. If these individuals do have a conflict, he/she is refrained from voting or using his/her personal influence directly or indirectly on issues presented to the board of directors. The member is not allowed to vote with respect to whether he/she has a conflict.”

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

“The executive director receives compensation from a related party. If the organization decides to directly compensate the executive director, it will be subject to the board of directors' review and approval.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements are made available to interested parties upon request.”

Filing and Contact Details

Filer

EIN
56-2126492
Phone
7046024100

Signing Officer

Name
H L Reese
Title
Chairman
Phone
7046024100
Signed
2015-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
H L Reese
Formed
1998
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Preparer
Lawrence D Wagner
Phone
7045520553
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Receive, manage and allocate funds, in-kind donations and other things of value donated or otherwise provided to the foundation for specific purposes consistent with it's non-profit status. Those purposes shall include research and education relating to polymer science.”

Form 990, Page 2, Part III, Line 4D

“Receive, manage and allocate funds provided to the foundation for specific purposes consistent with its non-profit status.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RECEIVE, MANAGE AND ALLOCATE FUNDS, IN-KIND DONATIONS AND OTHER THINGS OF VALUE DONATED OR OTHERWISE PROVIDED TO THE FOUNDATION FOR SPECIFIC PURPOSES CONSISTENT WITH IT'S NON-PROFIT STATUS. THOSE PURPOSES SHALL INCLUDE RESEARCH AND EDUCATION RELATING TO POLYMER SCIENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RECEIVE, MANAGE AND ALLOCATE FUNDS PROVIDED TO THE FOUNDATION FOR SPECIFIC PURPOSES CONSISTENT WITH ITS NON-PROFIT STATUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REQUESTS ITS BOARD MEMBERS TO STATE IF THEY HAVE CONFLICTS OF INTERESTS. IF THESE INDIVIDUALS DO HAVE A CONFLICT, HE/SHE IS REFRAINED FROM VOTING OR USING HIS/HER PERSONAL INFLUENCE DIRECTLY OR INDIRECTLY ON ISSUES PRESENTED TO THE BOARD OF DIRECTORS. THE MEMBER IS NOT ALLOWED TO VOTE WITH RESPECT TO WHETHER HE/SHE HAS A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE DIRECTOR RECEIVES COMPENSATION FROM A RELATED PARTY. IF THE ORGANIZATION DECIDES TO DIRECTLY COMPENSATE THE EXECUTIVE DIRECTOR, IT WILL BE SUBJECT TO THE BOARD OF DIRECTORS' REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO INTERESTED PARTIES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10POLYMERS CENTER OF EXCELLENCE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0562126490
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SEE SCH O
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine108900 RESEARCH DR
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode028262
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0706282
IRS990/TotalAssetsEOYAmt0670942
IRS990/TotalAssetsGrp/BOYAmt0706282
IRS990/TotalAssetsGrp/EOYAmt0670942
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt057087
IRS990/TotalFunctionalExpensesGrp/TotalAmt057087
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0706282
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0670942
IRS990/TotalOtherCompensationAmt013431
IRS990/TotalOtherProgSrvcExpenseAmt055492
IRS990/TotalProgramServiceExpensesAmt057087
IRS990/TotalRevenueGrp/ExclusionAmt021747
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt021747
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0706282
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0670942
IRS990/TotReportableCompRltdOrgAmt0183508
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0706282
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0670942
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine108900 RESEARCH DR
IRS990/USAddress/City0CHARLOTTE
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode028262
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0H L REESE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07046024100
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-01-29
ReturnHeader/Filer/BusinessName/BusinessNameLine10POLYMERS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0POLY
ReturnHeader/Filer/EIN0562126492
ReturnHeader/Filer/PhoneNum07046024100
ReturnHeader/Filer/USAddress/AddressLine108900 RESEARCH DR
ReturnHeader/Filer/USAddress/City0CHARLOTTE
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode028262
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461302809
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BOATSMAN GILLMORE WAGNER PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine105970 FAIRVIEW ROAD SUITE 402
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode028210
ReturnHeader/PreparerPersonGrp/PhoneNum07045520553
ReturnHeader/PreparerPersonGrp/PreparationDt02015-02-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAWRENCE D WAGNER
ReturnHeader/ReturnTs02015-02-06T07:57:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$670,942
Liabilities
$0
Net assets
$670,942
Revenue
$21,747
Expenses
$57,087
Net income
-$35,340
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.72$0.00$3.72$0.20$0.14$0.06
2024Detailed filing. Detailed filing data is available for this year.$3.51$0.00$3.51$0.38$0.25$0.13
2023Detailed filing. Detailed filing data is available for this year.$3.16$0.00$3.16$0.17$0.06$0.11
2022Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$2.27$0.04$2.23
2021Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.00$0.03$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.03$0.04$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.00$0.02$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.11$0.02$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.10$0.03$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.01$6.19$6.18
2015Detailed filing. Detailed filing data is available for this year.$6.96$0.00$6.96$0.27$0.02$0.25
2014Detailed filing. Detailed filing data is available for this year.$6.71$0.00$6.71$0.22$0.57$0.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.06$0.00$7.06$0.02
2012Summary only. Only limited summary data is available for this year.$6.85$0.00$6.85$0.22$0.02$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.64$0.00$6.64$0.02