Methanol Institute FY2021 filing

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See part III, line 1.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$691K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2021 · 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
$691K
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
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$852K
41% of total assets
Looks good: liabilities are 41% 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
-2% vs prior year
Spent
$2.4M
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$2.4M
FY2021▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$2.4M
FY2022$2.7M
FY2023$3.0M
FY2024$3.3M
Expenses
$2.4M
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$2.4M
FY2022$2.7M
FY2023$3.1M
FY2024$3.3M
Net assets
$1.2M
FY2021▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$1.1M
FY2023$1.1M
FY2024$778K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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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; $691K paid to officers and key staff.

Part VII, Section A · reportable compensation
$348,680Pt VII · Sec A
$220,000Pt VII · Sec A
Dir. of Gov't & Public Aff
$122,454Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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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.

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3 programs · in their own filed words · FY2021
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Fees for servicesLn 2g$2.3M
Other incomeLn 4–11$15K
Investment incomeLn 3$15K
Money outPt IX
$2.4M
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$2.1M
LiabilitiesLn 26$852K
PeoplePt VI, VII
17
listed · VII A
PaidVII A3
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$15K
Other incomeLn 4–11$15K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$514K
SavingsLn 2$599K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$577K
Land, buildings, equipmentLn 10c$18K
Other assetsLn 15$283K
Total assetsLn 16$2.1M
LiabilitiesLn 26$852K
Net assetsLn 32$1.2M
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 FY21End FY21
Cash and savingsLn 1–2$1.5M$1.1M
InvestmentsLn 11–13$575K$577K
Land, buildings, equipmentLn 10c$23K$18K
Total assetsLn 16$2.6M$2.1M
LiabilitiesLn 26$1.3M$852K
Net assetsLn 32$1.3M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$169K
Pay of current officers, directors and key staffLn 5$584K
Other salaries and wagesLn 7$311K
Pension plan contributionsLn 8$28K
Other employee benefitsLn 9$238K
Payroll taxesLn 10$52K
Legal feesLn 11b$3K
Accounting feesLn 11c$145K
Lobbying feesLn 11d$77K
Other fees for servicesLn 11g$536K
Office expensesLn 13$30K
Information technologyLn 14$2K
OccupancyLn 16$26K
TravelLn 17$30K
Conferences, conventions and meetingsLn 19$4K
Depreciation, depletion and amortizationLn 22$94K
InsuranceLn 23$18K
Other expenses (24a–d)Ln 24$100K
Total functional expensesLn 25$2.4M

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 Viewing $2.4M$2.4M−$71K$1.2M 990 PDF
FY2020 $2.4M$2.3M$85K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $2,376,228 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $560$0
I-9 Program service revenuePrior year $2,380,313$2,346,563
I-10 Investment incomePrior year $19,825$14,531
I-11 Other revenuePrior year $29,618$15,134
I-12 Total revenuePrior year $2,430,316$2,376,228
I-13 Grants and similar amounts paidPrior year $289,953$169,041
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,123,707$1,214,128
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $931,258$1,063,622
I-18 Total expensesPrior year $2,344,918$2,446,791
I-19 Revenue less expensesPrior year $85,398−$70,563
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,376,228 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,346,563$2,346,563
VIII-3 Investment incomeExcluded from tax $14,531$14,531
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $15,134$15,134
VIII-12 Total revenueRelated to mission $2,346,563 · Unrelated business $0 · Excluded from tax $29,665$2,376,228
Part IX · Statement of functional expenses $2,446,791 across 18 lines filed
IX-3 Grants and assistance to foreign recipients$169,041
IX-5 Pay of current officers, directors and key staff$584,354
IX-7 Other salaries and wages$311,399
IX-8 Pension plan contributions$28,286
IX-9 Other employee benefits$237,644
IX-10 Payroll taxes$52,445
IX-11b Legal fees$2,665
IX-11c Accounting fees$144,964
IX-11d Lobbying fees$77,122
IX-11g Other fees for services$535,877
IX-13 Office expenses$30,251
IX-14 Information technology$2,137
IX-16 Occupancy$25,630
IX-17 Travel$29,785
IX-19 Conferences, conventions and meetings$3,987
IX-22 Depreciation, depletion and amortization$93,769
IX-23 Insurance$17,929
IX-24 Other expenses (24a–d)$99,506
IX-25 Total functional expenses$2,446,791
Part X · Balance sheet $2,057,504 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $243,597$513,808
X-2 Savings and temporary cash investmentsStart of year $1,254,265$598,802
X-4 Accounts receivableStart of year $8,314$7,772
X-9 Prepaid expenses and deferred chargesStart of year $114,513$59,520
X-10c Land, buildings and equipment, netStart of year $22,624$18,299
X-11 Publicly traded securitiesStart of year $574,548$576,742
X-15 Other assetsStart of year $368,501$282,561
X-16 Total assetsStart of year $2,586,362$2,057,504
X-17 Accounts payable and accrued expensesStart of year $37,563$44,007
X-19 Deferred revenueStart of year $859,375$495,000
X-25 Other liabilitiesStart of year $402,003$313,445
X-26 Total liabilitiesStart of year $1,298,941$852,452
X-27 Net assets without donor restrictionsStart of year $1,287,421$1,205,052
X-32 Total net assets or fund balancesStart of year $1,287,421$1,205,052
X-33 Total liabilities and net assetsStart of year $2,586,362$2,057,504
Part XI · Reconciliation of net assets $1,205,052 net assets at year end
XI-1 Total revenue$2,376,228
XI-2 Total expenses$2,446,791
XI-3 Revenue less expenses−$70,563
XI-4 Net assets at start of year$1,287,421
XI-5 Net unrealized gains (losses) on investments−$11,806
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,205,052

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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