Friction Materials Standards: FY2023 Nonprofit Profile & Form 990 (EIN 13-1606491)

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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

Collects data for automotive friction material makers.

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1 program · $329K · in their own filed words · FY2023

01

The institute is an association of manufacturers of automotive friction materials primarily for brake linings and clutch facings.

$329Kprogram expense

By the numbers

The FY2023 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$618K

Ln 12

Gifts and grantsLn 1h$566K

Investment incomeLn 3$32K

Other incomeLn 4–11$20K

Money outPt IX

$705K

Ln 25

Programscol B$329K

Managementcol C$376K

Owns and owesPt X

$746K

net assets · Ln 32

Cash and savingsLn 1–2$619K

Total assetsLn 16$947K

LiabilitiesLn 26$201K

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$566K

Investment incomeLn 3$32K

Other incomeLn 4–11$20K

Total revenueLn 12$618K

Assets in detailPt X, end of year

CashLn 1$69K

SavingsLn 2$551K

Cash and savings togetherLn 1–2$619K

InvestmentsLn 11–13$127K

Land, buildings, equipmentLn 10c$48K

Other assetsLn 15$41K

Total assetsLn 16$947K

LiabilitiesLn 26$201K

Net assetsLn 32$746K

OperationsPt I, VI

EmployeesI 53

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$651K	$619K
InvestmentsLn 11–13	$128K	$127K
Land, buildings, equipmentLn 10c	$71K	$48K
Total assetsLn 16	$1.1M	$947K
LiabilitiesLn 26	$250K	$201K
Net assetsLn 32	$834K	$746K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$166K		$166K
Pension plan contributionsLn 8	$6K		$6K
Payroll taxesLn 10	$14K		$14K
Legal feesLn 11b	$52K	$19K	$33K
Accounting feesLn 11c	$20K		$20K
Office expensesLn 13	$3K		$3K
OccupancyLn 16	$35K		$35K
TravelLn 17	$16K		$16K
Conferences, conventions and meetingsLn 19	$213K	$213K
InterestLn 20	$808		$808
Depreciation, depletion and amortizationLn 22	$24K		$24K
InsuranceLn 23	$16K		$16K
Other expenses (24a–d)Ln 24	$102K	$86K	$16K
All other expensesLn 24e	$38K	$12K	$27K
Total functional expensesLn 25	$705K	$329K	$376K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$739K	$771K	−$32K	$713K	990 PDF
FY2023 Viewing	$618K	$705K	−$87K	$746K	990 PDF
FY2022	$576K	$638K	−$62K	$834K	990 PDF
FY2021	$522K	$598K	−$76K	$912K	990 PDF
FY2020	$659K	$501K	$157K	$1000K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $618,367 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $477,286$566,313

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $29,837$32,349

I-11 Other revenuePrior year $68,830$19,705

I-12 Total revenuePrior year $575,953$618,367

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $173,892$186,306

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $463,706$518,737

I-18 Total expensesPrior year $637,598$705,043

I-19 Revenue less expensesPrior year −$61,645−$86,676

Part VI · Governance 9 of 9 board members independent, 1 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $618,367 across 4 lines filed

Lines not itemized here account for $19,705 of total revenue; see the IRS return.

VIII-1b Membership dues$566,313

VIII-1h Total contributions, gifts and grants$566,313

VIII-3 Investment incomeExcluded from tax $32,349$32,349

VIII-12 Total revenueRelated to mission $19,705 · Unrelated business $0 · Excluded from tax $32,349$618,367

Part IX · Statement of functional expenses $705,043 across 14 lines filed

IX-7 Other salaries and wagesManagement $166,458$166,458

IX-8 Pension plan contributionsManagement $5,691$5,691

IX-10 Payroll taxesManagement $14,157$14,157

IX-11b Legal feesPrograms $18,640 · Management $33,217$51,857

IX-11c Accounting feesManagement $19,634$19,634

IX-13 Office expensesManagement $2,634$2,634

IX-16 OccupancyManagement $34,909$34,909

IX-17 TravelManagement $15,699$15,699

IX-19 Conferences, conventions and meetingsPrograms $212,933$212,933

IX-20 InterestManagement $808$808

IX-22 Depreciation, depletion and amortizationManagement $23,715$23,715

IX-23 InsuranceManagement $16,333$16,333

IX-24 Other expenses (24a–d)Programs $85,978 · Management $15,757$101,735

IX-24e All other expensesPrograms $11,810 · Management $26,670$38,480

IX-25 Total functional expensesPrograms $329,361 · Management $375,682 · Fundraising $0$705,043

Part X · Balance sheet $946,936 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $77,676$68,513

X-2 Savings and temporary cash investmentsStart of year $573,445$550,812

X-4 Accounts receivableStart of year $81,782$26,456

X-9 Prepaid expenses and deferred chargesStart of year $59,098$84,784

X-10c Land, buildings and equipment, netStart of year $71,295$47,580

X-11 Publicly traded securitiesStart of year $128,190$127,348

X-15 Other assetsStart of year $92,546$41,443

X-16 Total assetsStart of year $1,084,032$946,936

X-17 Accounts payable and accrued expensesStart of year $102,175$45,315

X-19 Deferred revenueStart of year $74,272$116,345

X-25 Other liabilitiesStart of year $73,984$39,193

X-26 Total liabilitiesStart of year $250,431$200,853

X-27 Net assets without donor restrictionsStart of year $416,338$366,279

X-28 Net assets with donor restrictionsStart of year $417,263$379,804

X-32 Total net assets or fund balancesStart of year $833,601$746,083

X-33 Total liabilities and net assetsStart of year $1,084,032$946,936

Part XI · Reconciliation of net assets $746,083 net assets at year end

XI-1 Total revenue$618,367

XI-2 Total expenses$705,043

XI-3 Revenue less expenses−$86,676

XI-4 Net assets at start of year$833,601

XI-5 Net unrealized gains (losses) on investments−$842

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$746,083

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Friction Materials Standards FY2023 filing

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