Civic Intelligence

Polymers Foundation Inc.

990 • Fiscal year 2022 • EIN 56-2126492

Jul 01, 2021 to Jun 30, 2022 • Filed on Aug 29, 2022

Organization ProfileN/A
8900 Research DriveCharlotte, NC 28262

(704) 602-4100

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.00x

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

2022 filings • NTEE T30 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.00x

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

2022 filings • NTEE T30 • <$500k nonprofits • Source year 2022

Net Margin

96th percentile

98%

Higher net margin than 96% of similar nonprofits.

2022 filings • NTEE T30 • <$500k nonprofits • Source year 2022

Top Officer Pay

100th percentile

$173,850

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 76.5% of source-year revenue.

2022 filings • NTEE T30 • <$500k nonprofits • Source year 2022

Asset Growth

95th percentile

230%

Faster asset growth than 95% of similar nonprofits.

2022 filings • NTEE T30 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$293,510

Up $204,613 (+230%) from 2021

Net Assets

Up

$293,510

Up $204,613 (+230%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin96th percentile

Revenue

Up

$227,228

Up $227,228 from 2021

Expenses

Up

$3,929

Up $886 (+29%) from 2021

Net Income

Up

$223,299

Up $226,342 (+7438%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2022

Assets$293,510
Liabilities$0
Net Assets$293,510
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2022

Revenue$227,228
Expenses$3,929
Net Income$223,299
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Aug 29, 2022
Return Version
2021v4.2
Gross Receipts
$227,228
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$12,973$232,537▲ $219,564
Land, Buildings, and Equipment, Net$44,207$42,613▼ $1,594
Cash and Non-Interest-Bearing Accounts$31,717$18,360▼ $13,357
Total Assets$88,897$293,510▲ $204,613
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$88,897$293,510▲ $204,613
Total Net Assets Fund Balance$88,897$293,510▲ $204,613
Total Liabilities and Net Assets / Fund Balance$88,897$293,510▲ $204,613

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$42,613$21,149$63,762

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$12,993$250,000▼ $16,458$12,993$232,537
2020$12,993---$12,993
2019$12,993---$12,993
2018$12,993---$12,993
2017$10,000$2,993--$12,993
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleBaseTotal
Philip S ShoemakerBoard Member$173,850$173,850

Board Members and Trustees

NameTitle
William DominickChairman
Mark DreheimBoard Member
Paul MartinBoard Member
Terry PetersonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$225,000
Program Service Revenue
$0
Investment Income
$2,228
Other Revenue
$0
Change in Net Assets
$223,299
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,929
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$1,594--$1,594
Fees for Services Accounting-$1,200-$1,200
Fees for Service Investment Mgmnt Fees$1,135--$1,135
Total Functional Expenses$2,729$1,200$0$3,929
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 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
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, Part VI, Section B, line 11B

“Organization's process to review form 990 form 990 is reviewed by the board of directors prior to its filing.”

Form 990, Part VI, Section B, 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, Part VI, Section B, 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, Part VI, Section C, 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 DRIVE, CHARLOTTE, NC 28262

Signing Officer

Name
Philip S Shoemaker
Title
Member
Phone
7046024100
Signed
2022-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip S Shoemaker
Formed
1998
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Murray Group CPA PLLC
Address
PO Box 77288, Charlotte, NC 28271
Preparer
Jeff Murray
Phone
7045753816
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2 C

“The Board of Directors reviews the audited financial statements on an annual basis.”

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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990 FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE 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/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO INTERESTED PARTIES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors reviews the audited financial statements on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2 c
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0800778051
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PLASTIC PRODUCTION
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd028262
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0562126490
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SEE SCHEDULE O
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt08900 RESEARCH DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHARLOTTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028262
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0225000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0POLYMERS CENTER OF EXCELLENCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0I
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt088897
IRS990/TotalAssetsEOYAmt0293510
IRS990/TotalAssetsGrp/BOYAmt088897
IRS990/TotalAssetsGrp/EOYAmt0293510
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0225000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01200
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02729
IRS990/TotalFunctionalExpensesGrp/TotalAmt03929
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt088897
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0293510
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02729
IRS990/TotalReportableCompFromOrgAmt0173850
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02228
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0227228
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt088897
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0293510
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08900 RESEARCH DRIVE
IRS990/USAddress/CityNm0CHARLOTTE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028262
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PHILIP S SHOEMAKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum07046024100
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POLYMERS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0POLY
ReturnHeader/Filer/EIN0562126492
ReturnHeader/Filer/PhoneNum07046024100
ReturnHeader/Filer/USAddress/AddressLine1Txt08900 RESEARCH DRIVE
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028262
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0833620866
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Murray Group CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 77288
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Charlotte
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028271
ReturnHeader/PreparerPersonGrp/PhoneNum07045753816
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeff Murray
ReturnHeader/ReturnTs02022-09-05T06:04:32-05:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$293,510
Liabilities
$0
Net assets
$293,510
Revenue
$227,228
Expenses
$3,929
Net income
$223,299
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