Civic Intelligence

Southern Society for Coating Technology C/O Laura M Fosselman

990 • Fiscal year 2020 • EIN 64-0838203

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 22, 2020

2808 Jefferson DrHattiesburg, MS 39402

(601) 310-7687

Siviq Scores

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

Liabilities / Assets

45th percentile

0.00x

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

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.00x

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

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

55th percentile

6.1%

Higher net margin than 55% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

77th percentile

$23,200

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 44.1% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

46th percentile

0.8%

Faster asset growth than 46% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-71%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$354,654

Up $2,865 (+0.8%) from 2019

Net Assets

Up

$354,654

Up $2,865 (+0.8%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$52,605

Down $128,410 (-71%) from 2019

Expenses

Down

$49,409

Down $181,580 (-79%) from 2019

Net Income

Up

$3,196

Up $53,170 (+106%) from 2019

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $222,525Liabilities 2012: $0Net Assets 2012: $222,5252012Assets 2013: $260,176Liabilities 2013: $0Net Assets 2013: $260,1762013Assets 2014: $290,205Liabilities 2014: $0Net Assets 2014: $290,2052014Assets 2015: $302,373Liabilities 2015: $0Net Assets 2015: $302,3732015Assets 2016: $324,801Liabilities 2016: $0Net Assets 2016: $324,8012016Assets 2017: $329,728Liabilities 2017: $0Net Assets 2017: $329,7282017Assets 2018: $395,353Liabilities 2018: $0Net Assets 2018: $395,3532018Assets 2019: $351,789Liabilities 2019: $0Net Assets 2019: $351,7892019Assets 2020: $354,654Liabilities 2020: $0Net Assets 2020: $354,6542020Assets 2021: $368,029Liabilities 2021: $0Net Assets 2021: $368,0292021Assets 2022: $328,806Liabilities 2022: $0Net Assets 2022: $328,8062022Assets 2023: $333,366Liabilities 2023: $0Net Assets 2023: $333,3662023Assets 2024: $325,929Liabilities 2024: $0Net Assets 2024: $325,9292024

Highlighted filing

2020

Assets$354,654
Liabilities$0
Net Assets$354,654

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $1,157,5612012Expenses 2013: $130,1442013Revenue 2014: $136,433Expenses 2014: $138,471Net Income 2014: -$2,0382014Revenue 2015: $108,830Expenses 2015: $103,955Net Income 2015: $4,8752015Revenue 2016: $119,601Expenses 2016: $102,022Net Income 2016: $17,5792016Revenue 2017: $126,428Expenses 2017: $147,360Net Income 2017: -$20,9322017Revenue 2018: $140,743Expenses 2018: $85,403Net Income 2018: $55,3402018Revenue 2019: $181,015Expenses 2019: $230,989Net Income 2019: -$49,9742019Revenue 2020: $52,605Expenses 2020: $49,409Net Income 2020: $3,1962020Revenue 2021: $108,712Expenses 2021: $120,033Net Income 2021: -$11,3212021Revenue 2022: $176,843Expenses 2022: $151,038Net Income 2022: $25,8052022Revenue 2023: $158,307Expenses 2023: $157,556Net Income 2023: $7512023Revenue 2024: $149,629Expenses 2024: $153,042Net Income 2024: -$3,4132024

Highlighted filing

2020

Revenue$52,605
Expenses$49,409
Net Income$3,196
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 22, 2020
Return Version
2019v5.1
Gross Receipts
$296,784
Mission and Program Overview

Mission

Educate membership (paint and coating industry annual technical meeting and ssct section technical meetings).

Awarding scholarships and funding seminars.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$351,789$354,654▲ $2,865
Investments Other Securities$303,368$317,591▲ $14,223
Cash and Non-Interest-Bearing Accounts$48,421$37,063▼ $11,358
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$351,789$354,654▲ $2,865
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$351,789$354,654▲ $2,865
Total Liabilities and Net Assets / Fund Balance$351,789$354,654▲ $2,865

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$11,101--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Laura FosselmanExecutive SecretaryPT$23,200$23,200

Board Members and Trustees

NameTitle
Rebecca DaleyPresident
Ben YorkVice President
David RothDirector
Eric RobbinsDirector
Jeff DepalmoDirector
Jeff SmytheDirector
Keith LimardoDirector
Kip SharpDirector
Mark StaackDirector
Michael ProiaDirector
Milton ArnoldDirector
Randy WaldmanDirector
Renee BynumDirector
Ross KempsterDirector
Sara NeaseDirector
Scott VanremortelDirector
Tim GregoryDirector
Yvette BoxDirector
Jeremy LaubershimerSecretary
Jana SykesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,506
Program Service Revenue
$29,189
Investment Income
$3,310
Other Revenue
$600
All Other Contributions
$3,862
Change in Net Assets
$3,196
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$23,200
Other Expenses$22,209
Grants and Similar Amounts Paid$4,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$23,200
Conferences and Meetings---$6,961
Grants to Domestic Individuals---$4,000
Fees for Services Accounting---$1,750
Office Expenses---$1,565
Other Expenses---$829
Total Functional Expenses$0$0$0$49,409
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

Southern society of coating technology board of directors authorized the treasurer and executive secretary to review form 990 prior to filing.

Form 990, Part VI, Section B, line 12C

The organization includes an anti-trust laws and trade associations guide in their annual technical program booklet. These anti-trust laws are also available on the organization's website. Additionally, each member's company have their own policies regarding conflicts of interest.

Form 990, Part VI, Section C, line 19

Organization posts by-laws and membership minutes on their website. Financial documents are available upon request to all members.

Filing and Contact Details

Filer

Filer Name
Southern Society for Coating Technology
EIN
64-0838203
Phone
6013107687
Address
2808 Jefferson Dr, Hattiesburg, MS 39402

Signing Officer

Name
Jana Sykes
Title
Treasurer
Phone
6013107687
Signed
2020-12-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jana Sykes
Formed
1934
Legal Domicile
Ms
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
0

Preparer

Firm
Mauldin & Jenkins LLC
Address
P O Box 1877, Macon, GA 31202-1877
Preparer
Fred M Martin
Phone
4784648000
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0600
IRS990/OtherRevenueTotalAmt0600
IRS990/OtherSalariesAndWagesGrp/TotalAmt023200
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Jana Sykes
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0Seminar Charges
IRS990/ProgramServiceRevenueGrp/ExclusionAmt029189
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt029189
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt025285
IRS990/PYGrantsAndSimilarPaidAmt08500
IRS990/PYInvestmentIncomeAmt011993
IRS990/PYOtherExpensesAmt0198489
IRS990/PYOtherRevenueAmt05490
IRS990/PYProgramServiceRevenueAmt0138247
IRS990/PYRevenuesLessExpensesAmt0-49974
IRS990/PYSalariesCompEmpBnftPaidAmt024000
IRS990/PYTotalExpensesAmt0230989
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0181015
IRS990/ReconcilationRevenueExpnssAmt03196
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt011244
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0351789
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0354654
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0306490
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt111101
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Vanguard Funds
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Edward Jones Funds
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0317591
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SOUTHERN SOCIETY OF COATING TECHNOLOGY BOARD OF DIRECTORS AUTHORIZED THE TREASURER AND EXECUTIVE SECRETARY TO REVIEW FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION INCLUDES AN ANTI-TRUST LAWS AND TRADE ASSOCIATIONS GUIDE IN THEIR ANNUAL TECHNICAL PROGRAM BOOKLET. THESE ANTI-TRUST LAWS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. ADDITIONALLY, EACH MEMBER'S COMPANY HAVE THEIR OWN POLICIES REGARDING CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION POSTS BY-LAWS AND MEMBERSHIP MINUTES ON THEIR WEBSITE. FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST TO ALL MEMBERS.
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 C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0351789
IRS990/TotalAssetsEOYAmt0354654
IRS990/TotalAssetsGrp/BOYAmt0351789
IRS990/TotalAssetsGrp/EOYAmt0354654
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt019506
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt049409
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0351789
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0354654
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt029189
IRS990/TotalReportableCompFromOrgAmt023200
IRS990/TotalRevenueGrp/ExclusionAmt033099
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt052605
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0351789
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0354654
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 27065
IRS990/USAddress/CityNm0Greenville
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029616
IRS990/VotingMembersGoverningBodyCnt022
IRS990/VotingMembersIndependentCnt022
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Jana Sykes
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06013107687
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Southern Society for Coating Technology
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0640838203
ReturnHeader/Filer/PhoneNum06013107687
ReturnHeader/Filer/USAddress/AddressLine1Txt02808 Jefferson Dr
ReturnHeader/Filer/USAddress/CityNm0Hattiesburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039402
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0580692043
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Mauldin & Jenkins LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O Box 1877
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Macon
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0312021877
ReturnHeader/PreparerPersonGrp/PhoneNum04784648000
ReturnHeader/PreparerPersonGrp/PreparationDt02020-12-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Fred M Martin
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$0.33$0.00$0.33$0.15$0.15$0.00
2023Summary only. Only limited summary data is available for this year.$0.33$0.00$0.33$0.16$0.16$0.00
2022Summary only. Only limited summary data is available for this year.$0.33$0.00$0.33$0.18$0.15$0.03
2021Summary only. Only limited summary data is available for this year.$0.37$0.00$0.37$0.11$0.12$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.05$0.05$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.00$0.35$0.18$0.23$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.40$0.14$0.09$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.00$0.33$0.13$0.15$0.02
2016Summary only. Only limited summary data is available for this year.$0.32$0.00$0.32$0.12$0.10$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.11$0.10$0.00
2014Summary only. Only limited summary data is available for this year.$0.29$0.00$0.29$0.14$0.14$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.22$1.16