Pacifichem INC FY2020 filing

Tax-deductible

Washington, DC501(c)(3)Science & TechnologyEIN 46-5207009Revenue $5K in FY2020

On file with the IRSpacifichem.org1155 16th St Nw, 20036-4892 · Washington, DCTax-exempt since Oct 2014Publicly supported — 509(a)(2)

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To organize and conduct international congresses for the presentation of papers, panel discussions, and symposia in the chemical sciences.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
1 of 5
filings with a surplus
Average deficit $143K a year · 30% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
40 mo
of spending, in cash
Looks good: 40.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$715K
75% of total assets
Worth a look: liabilities are 75% of assets; over 65%.
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
$5K
Spent
$287K
To programs
66%
Net assets
$244K
By yearFY2020–FY2024
Revenue
$5K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5K
FY2021$2.3M
FY2022$6K
FY2023$43K
FY2024$25K
Expenses
$287K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$287K
FY2021$2.1M
FY2022$157K
FY2023$228K
FY2024$371K
Net assets
$244K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$244K
FY2021$495K
FY2022$344K
FY2023$158K
FY2024−$189K

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 Oct 2014.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $188K Management & general 33% · $94K Fundraising 2% · $5K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
President, Director
$0Pt VII · Sec A
Treasurer,director
$0Pt VII · Sec A
Secretary,director
$0Pt VII · Sec A
See Pacifichem INC executive salaries →

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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

Programs and updates

Organizes international congresses for presenting chemical science research and discussions.

Provided by the organization

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1 program · $188K · in their own filed words · FY2020
01

Education

The primary purpose of the Corporation is to organize and conduct international congresses for the presentation of papers, panel discussions, symposia, and other programs reporting the results of recent research in the chemical sciences including chemistry, chemical engineering and biochemistry to enhance the dissemination and exchange…

$188Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5K
Ln 12
Investment incomeLn 3$5K
Money outPt IX
$287K
Ln 25
Programscol B$188K
Managementcol C$94K
Fundraisingcol D$5K
Owns and owesPt X
$244K
net assets · Ln 32
Cash and savingsLn 1–2$959K
Total assetsLn 16$959K
LiabilitiesLn 26$715K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$5K
Gains on assetsLn 7$0
Total revenueLn 12$5K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$959K
Cash and savings togetherLn 1–2$959K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$959K
LiabilitiesLn 26$715K
Net assetsLn 32$244K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
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 FY20End FY20
Cash and savingsLn 1–2$1.1M$959K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.1M$959K
LiabilitiesLn 26$589K$715K
Net assetsLn 32$469K$244K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$39K$39K
Legal feesLn 11b$21K$21K
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$87K$59K$28K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$107K$107K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$5K$18$5K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$11K$11K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$6K$6K
All other expensesLn 24e$324$324
Total functional expensesLn 25$287K$188K$94K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $25K$371K−$347K−$189K 990 PDF
FY2023 $43K$228K−$186K$158K 990 PDF
FY2022 $6K$157K−$151K$344K 990 PDF
FY2021 $2.3M$2.1M$251K$495K 990 PDF
FY2020 Viewing $5K$287K−$282K$244K 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 FY2020 990 (6 parts)
Part I · Summary $5,079 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $24,905$5,079
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $24,905$5,079
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 $390,962$286,854
I-18 Total expensesPrior year $390,962$286,854
I-19 Revenue less expensesPrior year −$366,057−$281,775
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
Part VIII · Statement of revenue $5,079 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $5,079$5,079
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $5,079$5,079
Part IX · Statement of functional expenses $286,854 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $39,000$39,000
IX-11b Legal feesManagement $20,966$20,966
IX-11c Accounting feesManagement $6,500$6,500
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $59,172 · Management $27,620$86,792
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technologyPrograms $106,552$106,552
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $18 · Fundraising $4,612$4,630
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $10,759$10,759
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $5,437$5,437
IX-24 Other expenses (24a–d)Programs $5,894$5,894
IX-24e All other expensesPrograms $324$324
IX-25 Total functional expensesPrograms $188,156 · Management $94,086 · Fundraising $4,612$286,854
Part X · Balance sheet $958,520 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $1,057,835$958,520
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,057,835$958,520
X-17 Accounts payable and accrued expensesStart of year $589,330$702,749
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$12,200
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $589,330$714,949
X-27 Net assets without donor restrictionsStart of year $468,505$243,571
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $468,505$243,571
X-33 Total liabilities and net assetsStart of year $1,057,835$958,520
Part XI · Reconciliation of net assets $243,571 net assets at year end
XI-1 Total revenue$5,079
XI-2 Total expenses$286,854
XI-3 Revenue less expenses−$281,775
XI-4 Net assets at start of year$468,505
XI-9 Other changes in net assets$56,841
XI-10 Net assets at end of year$243,571

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

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