Polyurethane Foam Association FY2022 filing

Not tax-deductible

Loudon, TN501(c)(6)EIN 38-2335449

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Promotion of the flexible Foam industry.

100¢ of each $1 spent went to programs.
$151K 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
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 surplus $17K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$151K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$497K
+19% vs prior year
Spent
$527K
To programs
100%
Net assets
$330K
By yearFY2020–FY2024
Revenue
$497K
FY2022▲ +19%
Revenue by fiscal year
FY2020$411K
FY2021$417K
FY2022$497K
FY2023$563K
FY2024$650K
Expenses
$527K
FY2022▲ +7%
Expenses by fiscal year
FY2020$433K
FY2021$493K
FY2022$527K
FY2023$550K
FY2024$451K
Net assets
$330K
FY2022▼ -8%
Net assets by fiscal year
FY2020$435K
FY2021$359K
FY2022$330K
FY2023$366K
FY2024$565K

From the FY2022 Form 990 · see the original

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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 Jan 1982.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $527K

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

13 people listed on the 990; $151K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$150,804Pt VII · Sec A
At Large Member
$0Pt VII · Sec A
At Large Member
$0Pt VII · Sec A
At Large Member
$0Pt VII · Sec A
At Large Member
$0Pt VII · Sec A
At Large Member
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
At Large Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Russell Batson$150,804$145,004$140,004

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

Promotes the flexible foam industry through research and education.

Provided by the organization

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1 program service account for $527K of program spending, described in the organization's own filed words · FY2022.
01

Support and promotion of the flexible polyurethane foam industry

$527Kprogram expense

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$497K
Ln 12
Fees for servicesLn 2g$493K
Investment incomeLn 3$5K
Money outPt IX
$527K
Ln 25
Programscol B$527K
Owns and owesPt X
$330K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$330K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$493K
Investment incomeLn 3$5K
Total revenueLn 12$497K
Assets in detailPt X, end of year
CashLn 1$81K
Cash and savings togetherLn 1–2$81K
InvestmentsLn 11–13$249K
Total assetsLn 16$330K
LiabilitiesLn 26$0
Net assetsLn 32$330K
OperationsPt I, VI
EmployeesI 51
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
LineStart FY22End FY22
Cash and savingsLn 1–2$105K$81K
InvestmentsLn 11–13$254K$249K
Total assetsLn 16$359K$330K
LiabilitiesLn 26$0$0
Net assetsLn 32$359K$330K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$151K$151K
Payroll taxesLn 10$11K$11K
Legal feesLn 11b$77K$77K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$4K$4K
Office expensesLn 13$19K$19K
Information technologyLn 14$2K$2K
OccupancyLn 16$10K$10K
TravelLn 17$16K$16K
Conferences, conventions and meetingsLn 19$128K$128K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$76K$76K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$527K$527K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $650K$451K$199K$565K 990 PDF
FY2023 $563K$550K$13K$366K 990 PDF
FY2022 Viewing $497K$527K−$29K$330K 990 PDF
FY2021 $417K$493K−$76K$359K 990 PDF
FY2020 $411K$433K−$21K$435K 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 $497,483 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $492,810$492,810
VIII-3 Investment incomeExcluded from tax $4,673$4,673
VIII-12 Total revenueRelated to mission $492,810 · Unrelated business $0 · Excluded from tax $4,673$497,483
Part IX · Statement of functional expenses $526,510 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $150,804$150,804
IX-10 Payroll taxesPrograms $11,334$11,334
IX-11b Legal feesPrograms $77,330$77,330
IX-11c Accounting feesPrograms $19,600$19,600
IX-11g Other fees for servicesPrograms $4,158$4,158
IX-13 Office expensesPrograms $18,995$18,995
IX-14 Information technologyPrograms $1,665$1,665
IX-16 OccupancyPrograms $10,223$10,223
IX-17 TravelPrograms $16,036$16,036
IX-19 Conferences, conventions and meetingsPrograms $127,877$127,877
IX-23 InsurancePrograms $6,774$6,774
IX-24 Other expenses (24a–d)Programs $75,841$75,841
IX-24e All other expensesPrograms $5,873$5,873
IX-25 Total functional expensesPrograms $526,510 · Management $0 · Fundraising $0$526,510
Part X · Balance sheet $330,150 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $105,426$81,448
X-12 Other securitiesStart of year $253,751$248,702
X-16 Total assetsStart of year $359,177$330,150
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $359,177$330,150
X-32 Total net assets or fund balancesStart of year $359,177$330,150
X-33 Total liabilities and net assetsStart of year $359,177$330,150
Part XI · Reconciliation of net assets $330,150 net assets at year end
XI-1 Total revenue$497,483
XI-2 Total expenses$526,510
XI-3 Revenue less expenses−$29,027
XI-4 Net assets at start of year$359,177
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$330,150

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

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