Fass INC FY2022 filing

Champaign, ILUnknown exempt organizationEIN 37-1368775

Provide various management services to educational scientific societies.

72¢ of each $1 spent went to programs.
$330K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $724 a year · under 1% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$330K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$732K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+0.4% vs prior year
Spent
$2.4M
To programs
72%
Net assets
$2.2M
By yearFY2020–FY2023
Revenue
$2.3M
FY2022+0.4%
Revenue by fiscal year
FY2020$2.3M
FY2021$2.3M
FY2022$2.3M
FY2023$2.9M
Expenses
$2.4M
FY2022▲ +1%
Expenses by fiscal year
FY2020$2.2M
FY2021$2.3M
FY2022$2.4M
FY2023$3.0M
Net assets
$2.2M
FY2022▼ -1%
Net assets by fiscal year
FY2020$2.2M
FY2021$2.2M
FY2022$2.2M
FY2023$0

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $1.7M Management & general 28% · $671K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990; $330K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director - Adsa
$200,000Pt VII · Sec A
Executive Director
$130,120Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A

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

NameFY2023FY2022FY2021FY2020
Jerry Bowman$251,000$200,000——
Jeremy Holzner$129,335$130,120$103,203$100,365

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 15aYes

Programs and updates

Offers management services to educational and scientific societies.

Provided by the organization

This section is blank until Fass INC claims this page.

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1 program service account for $1.7M of program spending, described in the organization's own filed words · FY2022.
01

Assist in publishing scientific journals, produce scientific conferences, and provide membership and financial liaison for other 501(c)(3) scientific organizations (or similar organizations under the comparable provisions of the federal internal revenue code).

$1.7Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $75K · 2020–2020

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$2.2M
Other incomeLn 4–11$117K
Investment incomeLn 3$753
Money outPt IX
$2.4M
Ln 25
Programscol B$1.7M
Managementcol C$671K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$2.9M
LiabilitiesLn 26$732K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$753
Other incomeLn 4–11$117K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$950K
SavingsLn 2$187K
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$68K
Total assetsLn 16$2.9M
LiabilitiesLn 26$732K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 531
VolunteersI 612
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 FY22End FY22
Cash and savingsLn 1–2$950K$1.1M
Land, buildings, equipmentLn 10c$1.4M$1.4M
Total assetsLn 16$2.7M$2.9M
LiabilitiesLn 26$520K$732K
Net assetsLn 32$2.2M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$146K$104K$41K
Other salaries and wagesLn 7$1.2M$1.1M$108K
Other employee benefitsLn 9$219K$200K$19K
Payroll taxesLn 10$116K$106K$10K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$92K$92K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$21K$21K
Information technologyLn 14$95K$53K$42K
OccupancyLn 16$1K$1K
TravelLn 17$5K$2K$3K
Depreciation, depletion and amortizationLn 22$84K$8K$76K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$277K$277K
All other expensesLn 24e$40K$20K$20K
Total functional expensesLn 25$2.4M$1.7M$671K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $2.9M$3.0M−$51K$0 990 PDF
FY2022 Viewing $2.3M$2.4M−$30K$2.2M 990 PDF
FY2021 $2.3M$2.3M−$15K$2.2M 990 PDF
FY2020 $2.3M$2.2M$93K$2.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $2,345,056 across 5 lines filed
Lines not itemized here account for $54,943 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,131,645 · Unrelated business $40,994$2,172,639
VIII-3 Investment incomeExcluded from tax $753$753
VIII-6 Net rental income or lossRelated to mission $950$950
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $115,771$115,771
VIII-12 Total revenueRelated to mission $2,287,059 · Unrelated business $57,244 · Excluded from tax $753$2,345,056
Part IX · Statement of functional expenses $2,375,144 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $104,428 · Management $41,364$145,792
IX-7 Other salaries and wagesPrograms $1,118,787 · Management $108,353$1,227,140
IX-9 Other employee benefitsPrograms $199,547 · Management $19,128$218,675
IX-10 Payroll taxesPrograms $105,964 · Management $10,158$116,122
IX-11b Legal feesManagement $3,198$3,198
IX-11c Accounting feesManagement $15,478$15,478
IX-11g Other fees for servicesPrograms $91,625$91,625
IX-12 Advertising and promotionManagement $6,701$6,701
IX-13 Office expensesManagement $21,433$21,433
IX-14 Information technologyPrograms $53,160 · Management $41,678$94,838
IX-16 OccupancyManagement $1,395$1,395
IX-17 TravelPrograms $2,500 · Management $2,576$5,076
IX-22 Depreciation, depletion and amortizationPrograms $8,229 · Management $75,659$83,888
IX-23 InsuranceManagement $26,286$26,286
IX-24 Other expenses (24a–d)Management $277,466$277,466
IX-24e All other expensesPrograms $20,093 · Management $19,938$40,031
IX-25 Total functional expensesPrograms $1,704,333 · Management $670,811 · Fundraising $0$2,375,144
Part X · Balance sheet $2,920,087 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $763,049$949,755
X-2 Savings and temporary cash investmentsStart of year $187,008$187,064
X-4 Accounts receivableStart of year $204,219$283,439
X-9 Prepaid expenses and deferred chargesStart of year $110,314$61,105
X-10c Land, buildings and equipment, netStart of year $1,440,723$1,370,357
X-15 Other assetsStart of year $32,736$68,367
X-16 Total assetsStart of year $2,738,049$2,920,087
X-17 Accounts payable and accrued expensesStart of year $155,581$176,335
X-25 Other liabilitiesStart of year $364,143$300,786
X-26 Total liabilitiesStart of year $519,724$731,850
X-27 Net assets without donor restrictionsStart of year $2,218,325$2,188,237
X-32 Total net assets or fund balancesStart of year $2,218,325$2,188,237
X-33 Total liabilities and net assetsStart of year $2,738,049$2,920,087
Part XI · Reconciliation of net assets $2,188,237 net assets at year end
XI-1 Total revenue$2,345,056
XI-2 Total expenses$2,375,144
XI-3 Revenue less expenses−$30,088
XI-4 Net assets at start of year$2,218,325
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,188,237

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

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