Isri Services Corporation FY2020 filing

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Develop, promote, implement, and maintain integrated management system,(addressing quality, environment, and health) designed for the scrap recycling industry.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $12K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$98K
106% of total assets
Concern: liabilities are 106% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$215K
Spent
$280K
Net assets
−$5K
By yearFY2020–FY2024
Revenue
$215K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$215K
FY2021$300K
FY2022$313K
FY2023$215K
FY2024$418K
Expenses
$280K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$280K
FY2021$289K
FY2022$330K
FY2023$310K
FY2024$308K
Net assets
−$5K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$5K
FY2021$6K
FY2022−$12K
FY2023−$107K
FY2024$2K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Chair/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Shannon Fish-Fertitta’s $42K as Treasurer is at the 22nd percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2022
Darell Kendall—$131,090
Shannon Fish-Fertitta$42,073—

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

Improves scrap recycling through integrated quality, environment, and health management systems.

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2 programs · in their own filed words · FY2020
01

Implementation of auditor training program that allows two full years from the time that certification bodies and auditors are trained and accredited to certify members facilities.

Pt IX · col B
02

Program of planning, implementation, checking and corrective action and management review of the rios (recycling industry operating system) for members.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$215K
Ln 12
Fees for servicesLn 2g$214K
Other incomeLn 4–11$1K
Money outPt IX
$280K
Ln 25
Owns and owesPt X
−$5K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$92K
LiabilitiesLn 26$98K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$214K
Other incomeLn 4–11$1K
Total revenueLn 12$215K
Assets in detailPt X, end of year
CashLn 1$22K
Cash and savings togetherLn 1–2$22K
Land, buildings, equipmentLn 10c$70K
Total assetsLn 16$92K
LiabilitiesLn 26$98K
Net assetsLn 32−$5K
OperationsPt I, VI
EmployeesI 50
VolunteersI 621
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
LineStart FY20End FY20
Cash and savingsLn 1–2$44K$22K
Land, buildings, equipmentLn 10c$113K$70K
Total assetsLn 16$164K$92K
LiabilitiesLn 26$104K$98K
Net assetsLn 32$60K−$5K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$652
Accounting feesLn 11c$3K
Other fees for servicesLn 11g$10K
Office expensesLn 13$1K
OccupancyLn 16$3K
TravelLn 17$3K
Conferences, conventions and meetingsLn 19$5K
Depreciation, depletion and amortizationLn 22$43K
Other expenses (24a–d)Ln 24$210K
Total functional expensesLn 25$280K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $418K$308K$109K$2K 990 PDF
FY2023 $215K$310K−$95K−$107K 990 PDF
FY2022 $313K$330K−$17K−$12K 990 PDF
FY2021 $300K$289K$11K$6K 990 PDF
FY2020 Viewing $215K$280K−$65K−$5K 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 FY2020 990 (6 parts)
Part I · Summary $214,600 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $218,489$213,600
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $11,750$1,000
I-12 Total revenuePrior year $230,239$214,600
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $275,589$279,666
I-18 Total expensesPrior year $275,589$279,666
I-19 Revenue less expensesPrior year −$45,350−$65,066
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $214,600 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $213,600$213,600
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,000$1,000
VIII-12 Total revenueRelated to mission $213,600 · Unrelated business $0 · Excluded from tax $1,000$214,600
Part IX · Statement of functional expenses $279,666 across 9 lines filed
IX-11b Legal fees$652
IX-11c Accounting fees$3,000
IX-11g Other fees for services$9,988
IX-13 Office expenses$1,229
IX-16 Occupancy$3,380
IX-17 Travel$2,594
IX-19 Conferences, conventions and meetings$5,300
IX-22 Depreciation, depletion and amortization$43,084
IX-24 Other expenses (24a–d)$210,439
IX-25 Total functional expenses$279,666
Part X · Balance sheet $92,354 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $43,567$22,068
X-4 Accounts receivableStart of year $6,750$0
X-10c Land, buildings and equipment, netStart of year $113,369$70,286
X-16 Total assetsStart of year $163,686$92,354
X-17 Accounts payable and accrued expensesStart of year $4,595$0
X-19 Deferred revenueStart of year $68,362$62,462
X-25 Other liabilitiesStart of year $30,870$35,099
X-26 Total liabilitiesStart of year $103,827$97,561
X-27 Net assets without donor restrictionsStart of year $59,859−$5,207
X-32 Total net assets or fund balancesStart of year $59,859−$5,207
X-33 Total liabilities and net assetsStart of year $163,686$92,354
Part XI · Reconciliation of net assets −$5,207 net assets at year end
XI-1 Total revenue$214,600
XI-2 Total expenses$279,666
XI-3 Revenue less expenses−$65,066
XI-4 Net assets at start of year$59,859
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$5,207

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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