Polymerohio INC

IRS exemption revoked

Westerville, OHUnknown exempt organization EIN 41-2127452Revenue $428K in FY2020Files the 990-N e-Postcard (latest 2020). Last full Form 990: 2019.

On file with the IRSpolymerohio.orgWesterville, OH

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Polymerohio is a networking and connecting organization providing business services to the polymer industry and other regional manufacturing companies.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2127452) · Dispute this line
72¢ of each $1 spent went to programs.
$181K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest 990-N e-Postcard
The latest return is for FY2020, 6 tax years back.
IRS e-file · Filing history
Spent on programs
72%
of spending
72% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$181K
to officers and key staff · 39% of spending
Pay to officers and key staff is 39% of spending.
Part VII, Section A
0.6 mo
of spending, in cash
0.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
11 of 11 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$428K
Spent
$459K
To programs
72%
Net assets
$22K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

IRS revoked this organization's tax-exempt status on November 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Files the 990-N e-Postcard (latest 2020). Last full Form 990: 2019.

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% · $330K Management & general 28% · $128K

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

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Who runs it and what they're paid

12 people listed on the 990; $181K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$180,812Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Polymerohio 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

Connects and provides business services to polymer and regional manufacturing companies.

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3 programs · $330K · in their own filed words · FY2019
01

Quality improviments and operational excellence through lean six sigma, quality management systems and supply chain management.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2127452) · Dispute this line
$185Kprogram expense
02

Workforce strategy to facilitate "restored citzens" securing positions in manufacturing and providing transition support to the individuals while assisting companies with assimulation.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2127452) · Dispute this line
$99Kprogram expense
03

Assisting in growth of companies and regional investments by networking and connecting relevant private and public resources. Provide business services to assist with growth through a network of professional resources and polymerohio staff.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2127452) · Dispute this line
$46Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$428K
Ln 12
Gifts and grantsLn 1h$252K
Fees for servicesLn 2g$176K
Money outPt IX
$459K
Ln 25
Programscol B$330K
Managementcol C$128K
Owns and owesPt X
$22K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$22K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$252K
Government grantsLn 1e$226K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$176K
Total revenueLn 12$428K
Assets in detailPt X, end of year
CashLn 1$22K
Cash and savings togetherLn 1–2$22K
Total assetsLn 16$22K
LiabilitiesLn 26$0
Net assetsLn 32$22K
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$107K$22K
Total assetsLn 16$253K$22K
LiabilitiesLn 26$201K$0
Net assetsLn 32$53K$22K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$227K$130K$97K
Management feesLn 11a$14K$14K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$160K$160K
Advertising and promotionLn 12$26K$26K
Office expensesLn 13$2K$1K$308
OccupancyLn 16$8K$6K$1K
TravelLn 17$6K$6K$796
Conferences, conventions and meetingsLn 19$727$727
InsuranceLn 23$2K$502$1K
All other expensesLn 24e$4K$182$4K
Total functional expensesLn 25$459K$330K$128K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest ViewingFiled with the IRS May 12, 2021 $428K$459K−$31K$22K 990 PDF

Files the 990-N e-Postcard (latest 2020). Last full Form 990: 2019. The 990-N has no money details, and postcard years before 2020 are not published by the IRS.

Schedules filed Part IV

I · Grants J · Pay O · Explanations
See the full FY2020 990
Part I · Summary $427,932 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $978,675$252,186
I-9 Program service revenuePrior year $380,334$175,746
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $2,399$0
I-12 Total revenuePrior year $1,361,408$427,932
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 $606,655$227,485
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $647,106$231,163
I-18 Total expensesPrior year $1,253,761$458,648
I-19 Revenue less expensesPrior year $107,647−$30,716
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $427,932 across 9 lines filed
Lines not itemized here account for $175,746 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$226,186
VIII-1f All other contributions, gifts and grants$26,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$252,186
VIII-12 Total revenueRelated to mission $175,746 · Unrelated business $0 · Excluded from tax $0$427,932
Part IX · Statement of functional expenses $458,648 across 11 lines filed
IX-7 Other salaries and wagesPrograms $130,088 · Management $97,397$227,485
IX-11a Management feesManagement $14,085$14,085
IX-11c Accounting feesManagement $8,400$8,400
IX-11g Other fees for servicesPrograms $160,217$160,217
IX-12 Advertising and promotionPrograms $26,166$26,166
IX-13 Office expensesPrograms $1,227 · Management $308$1,535
IX-16 OccupancyPrograms $6,436 · Management $1,323$7,759
IX-17 TravelPrograms $5,623 · Management $796$6,419
IX-19 Conferences, conventions and meetingsManagement $727$727
IX-23 InsurancePrograms $502 · Management $1,201$1,703
IX-24e All other expensesPrograms $182 · Management $3,970$4,152
IX-25 Total functional expensesPrograms $330,441 · Management $128,207 · Fundraising $0$458,648
Part X · Balance sheet $21,827 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $107,022$21,827
X-16 Total assetsStart of year $253,420$21,827
X-23 Secured mortgages and notes payableStart of year $38,430$0
X-26 Total liabilitiesStart of year $200,877$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $52,543$21,827
X-32 Total net assets or fund balancesStart of year $52,543$21,827
X-33 Total liabilities and net assetsStart of year $253,420$21,827
Part XI · Reconciliation of net assets $21,827 net assets at year end
XI-1 Total revenue$427,932
XI-2 Total expenses$458,648
XI-3 Revenue less expenses−$30,716
XI-4 Net assets at start of year$52,543
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$21,827

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

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