Civic Intelligence

Polymers Foundation Inc.

990 • Fiscal year 2016 • EIN 56-2126492

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 25, 2017

Organization ProfileN/A
8900 Research DrCharlotte, NC 28262

(704) 602-4100

Siviq Scores

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

Liabilities / Assets

74th percentile

0.00x

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

2016 filings • NTEE T30 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

74th percentile

0.00x

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

2016 filings • NTEE T30 • <$500k nonprofits • Source year 2016

Net Margin

1st percentile

-61783%

Higher net margin than 1% of similar nonprofits.

2016 filings • NTEE T30 • <$500k nonprofits • Source year 2016

Top Officer Pay

99th percentile

$85,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 8500.0% of source-year revenue.

2016 filings • NTEE T30 • <$500k nonprofits • Source year 2016

Asset Growth

1st percentile

-89%

Faster asset growth than 1% of similar nonprofits.

2016 filings • NTEE T30 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-96%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • NTEE T30 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$78,402

Down $617,825 (-89%) from 2015

Net Assets

Down

$78,402

Down $617,825 (-89%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin1st percentile

Revenue

Down

$1,000

Down $25,882 (-96%) from 2015

Expenses

Up

$618,825

Up $617,228 (+38649%) from 2015

Net Income

Down

-$617,825

Down $643,110 (-2543%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2016

Assets$78,402
Liabilities$0
Net Assets$78,402
Open 2016 Filing

Operations Trend

Revenue Growth3rd 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

2016

Revenue$1,000
Expenses$618,825
Net Income-$617,825
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 25, 2017
Return Version
2015v3.0
Gross Receipts
$1,000
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$53,773$52,180▼ $1,593
Cash and Non-Interest-Bearing Accounts$21,244$26,222▲ $4,978
Other Assets Total$621,210--
Total Assets$696,227$78,402▼ $617,825
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$696,227$78,402▼ $617,825
Total Net Assets Fund Balance$696,227$78,402▼ $617,825
Total Liabilities and Net Assets / Fund Balance$696,227$78,402▼ $617,825

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$52,180$11,582$63,762
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
Philip S ShoemakerMember$85,000$85,000

Board Members and Trustees

NameTitle
H L ReeseChairman
Dennis L HayfordMember
Scott SmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,000
Change in Net Assets
$-617,825

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,000
Total Revenue per Audited Statements
$1,000
Total Revenue per Form 990
$1,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$618,825
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
Depreciation Depletion$1,593--$1,593
Other Expenses$22--$22
Total Functional Expenses$618,825$0$0$618,825

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$618,825
Total Expenses per Audited Statements$618,825
Total Expenses per Form 990$618,825
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

Filer Name
Polymers Foundation Inc
EIN
56-2126492
Phone
7046024100
Address
8900 RESEARCH DR, CHARLOTTE, NC 28262

Signing Officer

Name
H L Reese
Title
Chairman
Phone
7046024100
Signed
2017-01-25
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

Firm
Bgw CPA Pllc
Address
1616 CAMDEN RD STE 510, CHARLOTTE, NC 28203-4756
Preparer
Richard a Blum
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
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028262
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/TotalAssetsBOYAmt0696227
IRS990/TotalAssetsEOYAmt078402
IRS990/TotalAssetsGrp/BOYAmt0696227
IRS990/TotalAssetsGrp/EOYAmt078402
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0618825
IRS990/TotalFunctionalExpensesGrp/TotalAmt0618825
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0696227
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt078402
IRS990/TotalProgramServiceExpensesAmt0618825
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0696227
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt078402
IRS990/TotReportableCompRltdOrgAmt085000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0696227
IRS990/UnrestrictedNetAssetsGrp/EOYAmt078402
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08900 RESEARCH DR
IRS990/USAddress/CityNm0CHARLOTTE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028262
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0H L REESE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07046024100
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POLYMERS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0POLY
ReturnHeader/Filer/EIN0562126492
ReturnHeader/Filer/PhoneNum07046024100
ReturnHeader/Filer/USAddress/AddressLine1Txt08900 RESEARCH DR
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028262
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461302809
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BGW CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01616 CAMDEN RD STE 510
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0282034756
ReturnHeader/PreparerPersonGrp/PhoneNum07045520553
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD A BLUM
ReturnHeader/ReturnTs02017-02-01T10:18:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,402
Liabilities
$0
Net assets
$78,402
Revenue
$1,000
Expenses
$618,825
Net income
-$617,825
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