Methanol Institute FY2020 filing

Not tax-deductible

Alexandria, VA501(c)(6)EIN 52-1648751

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See part III, line 1.

$656K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2020 · 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
1 of 5
filings with a surplus
Average deficit $21K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$656K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
Spent
$2.3M
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$2.4M
FY2020
Revenue by fiscal year
FY2020$2.4M
FY2021$2.4M
FY2022$2.7M
FY2023$3.0M
FY2024$3.3M
Expenses
$2.3M
FY2020
Expenses by fiscal year
FY2020$2.3M
FY2021$2.4M
FY2022$2.7M
FY2023$3.1M
FY2024$3.3M
Net assets
$1.3M
FY2020
Net assets by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$1.1M
FY2023$1.1M
FY2024$778K

From the FY2020 Form 990 · figures checked against the IRS filing · 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 Jun 1990.

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

Who runs it and what they're paid

17 people listed on the 990; $656K paid to officers and key staff.

Part VII, Section A · reportable compensation
$336,925Pt VII · Sec A
$200,750Pt VII · Sec A
Dir. of Gov't & Public Affairs
$117,925Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Greg Dolan$378,526$385,150$362,750$348,680$336,925
Christopher Chatterton$178,234$230,000$225,000——
Chris Chatterton———$220,000$200,750
Lawrence Navin$166,050$153,000$129,000——
Alexander Doll$152,287————
Lawrence Nevin———$122,454$117,925
Teng Tengpun$118,571————

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 Methanol Institute 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
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Methanol Institute is a business league or trade association based in Alexandria, VA.

Provided by the organization

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3 programs · in their own filed words · FY2020
01

Meetings and conferences are held to provide opportunities for members and others to interact on issues of concern to the methanol industry.

Pt IX · col B
02

Technical studies and grants are conducted regarding environmental, health, safety, economic, and governmental issues related to methanol.

Pt IX · col B
03

GOVERNMENT/INDUSTRY education program educates and provides information to government officials concerning the methanol industry.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Fees for servicesLn 2g$2.4M
Other incomeLn 4–11$30K
Investment incomeLn 3$20K
Money outPt IX
$2.3M
Ln 25
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$2.6M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
17
listed · VII A
PaidVII A3
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$560
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$20K
Other incomeLn 4–11$30K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$244K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$575K
Land, buildings, equipmentLn 10c$23K
Other assetsLn 15$369K
Total assetsLn 16$2.6M
LiabilitiesLn 26$1.3M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 54
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$2.4M$1.5M
InvestmentsLn 11–13$575K
Land, buildings, equipmentLn 10c$27K$23K
Total assetsLn 16$3.0M$2.6M
LiabilitiesLn 26$1.8M$1.3M
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$290K
Pay of current officers, directors and key staffLn 5$705K
Other salaries and wagesLn 7$290K
Pension plan contributionsLn 8$17K
Other employee benefitsLn 9$57K
Payroll taxesLn 10$54K
Legal feesLn 11b$2K
Accounting feesLn 11c$126K
Other fees for servicesLn 11g$444K
Advertising and promotionLn 12$7K
Office expensesLn 13$32K
Information technologyLn 14$3K
OccupancyLn 16$21K
TravelLn 17$56K
Conferences, conventions and meetingsLn 19$6K
InterestLn 20$9K
Depreciation, depletion and amortizationLn 22$102K
InsuranceLn 23$17K
Other expenses (24a–d)Ln 24$101K
All other expensesLn 24e$8K
Total functional expensesLn 25$2.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.3M$3.3M−$43K$778K 990 PDF
FY2023 $3.0M$3.1M−$52K$1.1M 990 PDF
FY2022 $2.7M$2.7M−$26K$1.1M 990 PDF
FY2021 $2.4M$2.4M−$71K$1.2M 990 PDF
FY2020 Viewing $2.4M$2.3M$85K$1.3M 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 (4 parts)
Part VIII · Statement of revenue $2,430,316 across 6 lines filed
VIII-1f All other contributions, gifts and grants$560
VIII-1h Total contributions, gifts and grants$560
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,380,313$2,380,313
VIII-3 Investment incomeExcluded from tax $19,825$19,825
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $29,618$29,618
VIII-12 Total revenueRelated to mission $2,380,313 · Unrelated business $0 · Excluded from tax $49,443$2,430,316
Part IX · Statement of functional expenses $2,344,918 across 20 lines filed
IX-3 Grants and assistance to foreign recipients$289,953
IX-5 Pay of current officers, directors and key staff$705,276
IX-7 Other salaries and wages$290,131
IX-8 Pension plan contributions$16,925
IX-9 Other employee benefits$57,398
IX-10 Payroll taxes$53,977
IX-11b Legal fees$1,928
IX-11c Accounting fees$125,573
IX-11g Other fees for services$443,582
IX-12 Advertising and promotion$6,677
IX-13 Office expenses$31,598
IX-14 Information technology$3,291
IX-16 Occupancy$20,523
IX-17 Travel$56,206
IX-19 Conferences, conventions and meetings$5,600
IX-20 Interest$8,731
IX-22 Depreciation, depletion and amortization$101,857
IX-23 Insurance$17,104
IX-24 Other expenses (24a–d)$100,823
IX-24e All other expenses$7,765
IX-25 Total functional expenses$2,344,918
Part X · Balance sheet $2,586,362 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $481,100$243,597
X-2 Savings and temporary cash investmentsStart of year $1,881,579$1,254,265
X-3 Pledges and grants receivableStart of year $36,223$0
X-4 Accounts receivableStart of year $10,656$8,314
X-9 Prepaid expenses and deferred chargesStart of year $80,510$114,513
X-10c Land, buildings and equipment, netStart of year $26,924$22,624
X-11 Publicly traded securities$574,548
X-15 Other assetsStart of year $450,197$368,501
X-16 Total assetsStart of year $2,967,189$2,586,362
X-17 Accounts payable and accrued expensesStart of year $133,488$37,563
X-19 Deferred revenueStart of year $1,191,875$859,375
X-25 Other liabilitiesStart of year $447,946$402,003
X-26 Total liabilitiesStart of year $1,773,309$1,298,941
X-27 Net assets without donor restrictionsStart of year $1,193,880$1,287,421
X-32 Total net assets or fund balancesStart of year $1,193,880$1,287,421
X-33 Total liabilities and net assetsStart of year $2,967,189$2,586,362
Part XI · Reconciliation of net assets $1,287,421 net assets at year end
XI-1 Total revenue$2,430,316
XI-2 Total expenses$2,344,918
XI-3 Revenue less expenses$85,398
XI-4 Net assets at start of year$1,193,880
XI-5 Net unrealized gains (losses) on investments$8,143
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,287,421

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

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