Fp2 INC FY2022 filing

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To promote and educate the public on the value of pavement preservation.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4658147) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$75K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $60K a year · 15% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$75K
to officers and key staff · 19% of spending
Pay to officers and key staff is 19% of spending.
Part VII, Section A
2.9 mo
of spending, in cash
2.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $28K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$3K
4% of total assets
Liabilities are 4% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$334K
-15% vs prior year
Spent
$386K
Net assets
$91K
By yearFY2020–FY2024
Revenue
$334K
FY2022▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$367K
FY2021$392K
FY2022$334K
FY2023$448K
FY2024$402K
Expenses
$386K
FY2022▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$322K
FY2021$330K
FY2022$386K
FY2023$270K
FY2024$337K
Net assets
$91K
FY2022▼ -36%
Tap a bar for its year
Net assets by fiscal year
FY2020$80K
FY2021$142K
FY2022$91K
FY2023$269K
FY2024$333K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 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 Mar 2010.

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

Who runs it and what they're paid

14 people listed on the 990; $75K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director (start 1/22)
$75,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Rick Church’s $80K as Executive Director is at the 56th 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

NameFY2024FY2023FY2022FY2021FY2020
Rick Church$80,000$75,000$75,000——
Jim Moulthrop———$62,000$62,000

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.

See Fp2 INC executive salaries →

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 15aYes

Programs and updates

Educates the public on the importance of maintaining roads and pavements.

Questions for Fp2 INC

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2 programs · in their own filed words · FY2022
01

The organization seeks to educate, influence, and inform the public, agencies, trade associations, legislators, and preservation partnerships about the benefits of preserving our existing highway system in an acceptable manner to users and freight haulers.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4658147) · Dispute this line
Pt IX · Ln 25 · col B
02

Funding of a test track on which different types of pavement viability studies are conducted.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4658147) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$28K
Grants paid · 5 grants · $206K · 2020–2024
Michigan State UniversityMI · FY2024$50,000
Michigan State UniversityMI · FY2023$5,800
Michigan State UniversityMI · FY2022$50,000
Michigan State UniversityMI · FY2021$50,000
Michigan State UniversityMI · FY2020$50,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$334K
Ln 12
Gifts and grantsLn 1h$326K
Other incomeLn 4–11$8K
Money outPt IX
$386K
Ln 25
Owns and owesPt X
$91K
net assets · Ln 32
Cash and savingsLn 1–2$94K
Total assetsLn 16$94K
LiabilitiesLn 26$3K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$326K
Other incomeLn 4–11$8K
Total revenueLn 12$334K
Assets in detailPt X, end of year
CashLn 1$94K
Cash and savings togetherLn 1–2$94K
Total assetsLn 16$94K
LiabilitiesLn 26$3K
Net assetsLn 32$91K
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$148K$94K
Total assetsLn 16$148K$94K
LiabilitiesLn 26$6K$3K
Net assetsLn 32$142K$91K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K
Management feesLn 11a$88K
Legal feesLn 11b$22K
Lobbying feesLn 11d$69K
Advertising and promotionLn 12$7K
Office expensesLn 13$64K
TravelLn 17$26K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$59K
Total functional expensesLn 25$386K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 23, 2025 $402K$337K$65K$333K 990 PDF
FY2023Filed with the IRS Nov 6, 2024 $448K$270K$178K$269K 990 PDF
FY2022 ViewingFiled with the IRS Nov 14, 2023 $334K$386K−$51K$91K 990 PDF
FY2021Filed with the IRS Aug 8, 2022 $392K$330K$62K$142K 990 PDF
FY2020Filed with the IRS Aug 25, 2021 $367K$322K$45K$80K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $334,249 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $288,500$326,110
I-9 Program service revenuePrior year $91,725$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $11,758$8,139
I-12 Total revenuePrior year $391,983$334,249
I-13 Grants and similar amounts paidPrior year $51,100$50,000
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 $278,579$335,553
I-18 Total expensesPrior year $329,679$385,553
I-19 Revenue less expensesPrior year $62,304−$51,304
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $334,249 across 4 lines filed
VIII-1f All other contributions, gifts and grants$326,110
VIII-1h Total contributions, gifts and grants$326,110
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $8,139$8,139
VIII-12 Total revenueRelated to mission $0 · Unrelated business $8,139 · Excluded from tax $0$334,249
Part IX · Statement of functional expenses $385,553 across 9 lines filed
IX-1 Grants to domestic organizations$50,000
IX-11a Management fees$87,767
IX-11b Legal fees$21,971
IX-11d Lobbying fees$68,886
IX-12 Advertising and promotion$6,600
IX-13 Office expenses$63,814
IX-17 Travel$25,553
IX-23 Insurance$1,834
IX-24 Other expenses (24a–d)$59,128
IX-25 Total functional expenses$385,553
Part X · Balance sheet $94,019 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $148,199$94,019
X-16 Total assetsStart of year $148,199$94,019
X-17 Accounts payable and accrued expensesStart of year $6,306$3,430
X-26 Total liabilitiesStart of year $6,306$3,430
X-27 Net assets without donor restrictionsStart of year $80,457$79,153
X-28 Net assets with donor restrictionsStart of year $61,436$11,436
X-32 Total net assets or fund balancesStart of year $141,893$90,589
X-33 Total liabilities and net assetsStart of year $148,199$94,019
Part XI · Reconciliation of net assets $90,589 net assets at year end
XI-1 Total revenue$334,249
XI-2 Total expenses$385,553
XI-3 Revenue less expenses−$51,304
XI-4 Net assets at start of year$141,893
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$90,589

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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