Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
What each dollar paid for.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
4 people listed on the 990; $8K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Rick Stanley | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Creates jobs and promotes growth in composite industries.
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(2) help start up firms attain a competetive position nationally and internationally, in applied technologies with composite materials related industries, and as a result
The Purposes of the Corporation Are to
(1) promote entrepreneurial growth in the region
(3) create high quality jobs.
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By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $65K | $52K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $65K | $52K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $65K | $52K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $8K | $8K | ||
| Accounting feesLn 11c | $350 | $350 | ||
| Other fees for servicesLn 11g | $6K | $6K | ||
| Other expenses (24a–d)Ln 24 | $210 | $210 | ||
| Total functional expensesLn 25 | $14K | $0 | $14K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $6K | $8K | −$2K | $41K | 990 PDF |
| FY2024 | $4K | $8K | −$4K | $43K | 990 PDF |
| FY2023 | $4K | $8K | −$5K | $47K | 990 PDF |
| FY2022 Viewing | $1K | $14K | −$13K | $52K | 990 PDF |
| FY2021 | $6K | $8K | −$2K | $65K | 990 PDF |
| FY2020 | $1K | $10K | −$9K | $67K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,152 across 2 lines filed
Part IX · Statement of functional expenses $14,215 across 4 lines filed
Part X · Balance sheet $51,594 assets, 7 lines filed
Part XI · Reconciliation of net assets $51,594 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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