Source Evaluation Society

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EIN 56-1874630 Business league / trade association Rtp, NC
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$699K
FY2025▼ -34%
Expenses
$553K
FY2025▼ -36%

Form 990 for the fiscal year ending March 2025 (IRS tax year 2024).


Advances air pollution science and control through research, professional development, and high standards. For fiscal year 2025 it reported $699K in revenue, $553K in expenses, and $818K in net assets.Pt I

Type
Business league / trade association · Nonprofit
Location
Rtp, NC
Website
www.sesnews.org
Filings
6 on file (2020–2025)
Revenue
$699KFY2025
Expenses
$553K
Net assets
$818K
People
11
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Provided by the organization

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Size
$100K–1M
What they do
Advances air pollution science and control through research, professional development, and high standards.
Leadership
Jonathan Lewis · Editor · $1K
Money in and out
$699K revenue, $553K expenses
Bottom line
+21% operating surplus

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

WARNING

No — not deductible

IRS records this as a A business league, chamber of commerce, or trade association. Contributions are generally not tax-deductible.; contributions are not deductible as charitable gifts. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

GOOD

94% to programs

94% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -34% vs prior year

Revenue band $100K–1M, -34% versus the prior filing year (down). See detail →

Membership & operating revenue · FY2025
Total revenue
$699K
Pt VIII · Ln 12
Total expenses
$553K
Pt IX · Ln 25
Net assets
$818K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $146K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Operating surplus
+21%
revenue over expenses▲ +15% vs prior filing year
Earned revenue
91%
of revenue from program services & dues▼ -4% vs prior filing year
Program spending
94%
of expenses reach member services▼ -4% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$818K
FY2025▲ +22%
Total liabilities
$0
FY2025
Revenue less expensesPt I · Ln 19$146K
Total assetsPt X · Ln 16$818K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CSource Evaluation Society
EINHdr · item D56-1874630
Principal addressHdr · item CRtp, NC
WebsiteHdr · item Jwww.sesnews.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$1,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jonathan Lewis$1,000$1,000————
Sheri Heldstab——$1,000$1,000——
Yves Tondeur————$1,000$1,000

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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Mission & Programs · Part III

Where the work happens

3 program services account for $520K of program spending, described in the organization's own filed words · FY2024.
01

Prepared for annual conference in myrtle beach SC april 6-11, 2025. Revenue and expenses are through the end of the fiscal year, march 31, 2025.

$463Kprogram expense
02

Provided qualified source test individual (qsti) examination program for a total of 690 individuals with 37 persons completing in-person testing and 653 completing online testing.

$50Kprogram expense
03

Sponsored the george w. Walsh scholarship to manhattan university and the matt devito scholarship to fairmont state university.

$7Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$634K · 91%
Contributions & grants$62K · 9%
Program service revenue91%$634K
Contributions & grants9%$62K
Investment income$3K
Total revenueLn 12$699K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$520K
Management & general6%$33K
Total functional expensesLn 25$553K

Balance Sheet

Part X · end of year
CashLn 1$265K
Total assetsLn 16$818K
Total liabilitiesLn 26$0
Total net assetsLn 32$818K
Months of cash on handcomputed5.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $818K · Operating expenses/yr $553K
17.8 months
Where the money goes
Program services
Program services $520K · Total expenses $553K
94%
Management & General
Management & general $33K · Total expenses $553K
6%
Fundraising
Fundraising $0 · Total expenses $553K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $47K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $62K · Total revenue $699K
9%
Government reliance
Government grants — · Total revenue $699K
—
Earned-income share
Program service revenue $634K · Total revenue $699K
91%
Investment reliance
Investment income $3K · Total revenue $699K
+0.5%
Program self-sufficiency
Program service revenue $634K · Total expenses $553K
115%
Growth & trend
Revenue growth (YoY)
This year $699K · Prior year $1.1M
-34%
Revenue CAGR
FY2019 $534K · FY2024 $699K
+6%
Net-asset trend (YoY)
End of year $818K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $699K · Expenses $553K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $818K
—
Net-asset ratio
Net assets $818K · Total assets $818K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $553K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $818K
68%
People & payroll
Highest Reported Total Compensation
Individual Jonathan Lewis · Reported title EDITOR · Highest reported compensation $1K · Total expenses $553K
0.2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $553K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%——
Overhead ratio 6%——
Fundraising cost ratio 0%——
Revenue growth -34%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$699K revenue · viewing · ⤓ 990 PDF
FY2024$1.1M revenue · ⤓ 990 PDF
FY2023$138K revenue · ⤓ 990 PDF
FY2022$110K revenue · ⤓ 990 PDF
FY2021$97K revenue · ⤓ 990 PDF
FY2020$534K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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