Methanol Institute FY2023 filing

Not tax-deductible

Alexandria, VA501(c)(6)EIN 52-1648751Revenue $3.0M in FY2023

On file with the IRSmethanol.org225 Reinekers Ln Ste 205, 22314-2880 · Alexandria, VATax-exempt since Jun 1990

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See part III, line 1.

$768K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2023 · 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
$768K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
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
$3.0M
+11% vs prior year
Spent
$3.1M
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$3.0M
FY2023▲ +11%
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
$3.1M
FY2023▲ +11%
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
$1.1M
FY2023▼ -4%
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 FY2023 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; $768K paid to officers and key staff.

Part VII, Section A · reportable compensation
$385,150Pt VII · Sec A
$230,000Pt VII · Sec A
Director of Government Public Affairs
$153,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 · FY2023
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Fees for servicesLn 2g$3.0M
Investment incomeLn 3$21K
Other incomeLn 4–11$3
Money outPt IX
$3.1M
Ln 25
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.7M
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$3.0M
Investment incomeLn 3$21K
Other incomeLn 4–11$3
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$8K
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$810K
Land, buildings, equipmentLn 10c$9K
Other assetsLn 15$225K
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.7M
Net assetsLn 32$1.1M
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 FY23End FY23
Cash and savingsLn 1–2$1.0M$1.6M
InvestmentsLn 11–13$783K$810K
Land, buildings, equipmentLn 10c$16K$9K
Total assetsLn 16$2.3M$2.8M
LiabilitiesLn 26$1.2M$1.7M
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$182K
Pay of current officers, directors and key staffLn 5$695K
Other salaries and wagesLn 7$692K
Pension plan contributionsLn 8$100K
Other employee benefitsLn 9$216K
Payroll taxesLn 10$57K
Legal feesLn 11b$321
Accounting feesLn 11c$163K
Lobbying feesLn 11d$35K
Other fees for servicesLn 11g$296K
Advertising and promotionLn 12$16K
Office expensesLn 13$65K
Information technologyLn 14$3K
OccupancyLn 16$136K
TravelLn 17$252K
Conferences, conventions and meetingsLn 19$48K
InterestLn 20$5K
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$14K
Other expenses (24a–d)Ln 24$72K
All other expensesLn 24e$2K
Total functional expensesLn 25$3.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.3M$3.3M−$43K$778K 990 PDF
FY2023 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $3,006,360 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,686,800$2,985,416
I-10 Investment incomePrior year $29,731$20,941
I-11 Other revenuePrior year $171$3
I-12 Total revenuePrior year $2,716,702$3,006,360
I-13 Grants and similar amounts paidPrior year $155,417$181,937
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,402,669$1,761,112
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,184,979$1,115,458
I-18 Total expensesPrior year $2,743,065$3,058,507
I-19 Revenue less expensesPrior year −$26,363−$52,147
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 $3,006,360 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,985,416$2,985,416
VIII-3 Investment incomeExcluded from tax $20,941$20,941
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3$3
VIII-12 Total revenueRelated to mission $2,985,416 · Unrelated business $0 · Excluded from tax $20,944$3,006,360
Part IX · Statement of functional expenses $3,058,507 across 21 lines filed
IX-3 Grants and assistance to foreign recipients$181,937
IX-5 Pay of current officers, directors and key staff$695,374
IX-7 Other salaries and wages$691,768
IX-8 Pension plan contributions$100,244
IX-9 Other employee benefits$216,489
IX-10 Payroll taxes$57,237
IX-11b Legal fees$321
IX-11c Accounting fees$163,174
IX-11d Lobbying fees$35,000
IX-11g Other fees for services$295,660
IX-12 Advertising and promotion$15,937
IX-13 Office expenses$64,554
IX-14 Information technology$2,971
IX-16 Occupancy$135,804
IX-17 Travel$251,611
IX-19 Conferences, conventions and meetings$48,167
IX-20 Interest$4,978
IX-22 Depreciation, depletion and amortization$8,801
IX-23 Insurance$14,245
IX-24 Other expenses (24a–d)$71,856
IX-24e All other expenses$2,379
IX-25 Total functional expenses$3,058,507
Part X · Balance sheet $2,762,645 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,046,021$1,605,544
X-2 Savings and temporary cash investmentsStart of year $3,614$8,265
X-4 Accounts receivableStart of year $39,522$1,304
X-9 Prepaid expenses and deferred chargesStart of year $89,823$103,113
X-10c Land, buildings and equipment, netStart of year $15,527$9,075
X-11 Publicly traded securitiesStart of year $782,712$810,441
X-15 Other assetsStart of year $311,442$224,903
X-16 Total assetsStart of year $2,288,661$2,762,645
X-17 Accounts payable and accrued expensesStart of year $27,106$49,342
X-19 Deferred revenueStart of year $798,750$1,397,500
X-25 Other liabilitiesStart of year $343,588$237,439
X-26 Total liabilitiesStart of year $1,169,444$1,684,281
X-27 Net assets without donor restrictionsStart of year $1,119,217$1,078,364
X-32 Total net assets or fund balancesStart of year $1,119,217$1,078,364
X-33 Total liabilities and net assetsStart of year $2,288,661$2,762,645
Part XI · Reconciliation of net assets $1,078,364 net assets at year end
XI-1 Total revenue$3,006,360
XI-2 Total expenses$3,058,507
XI-3 Revenue less expenses−$52,147
XI-4 Net assets at start of year$1,119,217
XI-5 Net unrealized gains (losses) on investments$11,463
XI-8 Prior period adjustments−$169
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,078,364

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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