Aatcc Foundation INC FY2022 filing

Tax-deductible

Rtp, NC501(c)(3)Social ScienceEIN 56-2054922

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The organization was created to promote charitable, scientific and educational activities in the textile, chemical and related sciences.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $80K a year · 40% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$122K
-55% vs prior year
Spent
$116K
To programs
99%
Net assets
$1.9M
By yearFY2020–FY2025
Revenue
$122K
FY2022▼ -55%
Revenue by fiscal year
FY2020$348K
FY2021$270K
FY2022$122K
FY2023$148K
FY2024$111K
FY2025$210K
Expenses
$116K
FY2022▼ -9%
Expenses by fiscal year
FY2020$126K
FY2021$128K
FY2022$116K
FY2023$113K
FY2024$118K
FY2025$129K
Net assets
$1.9M
FY2022▼ -21%
Net assets by fiscal year
FY2020$1.9M
FY2021$2.4M
FY2022$1.9M
FY2023$2.3M
FY2024$2.7M
FY2025$3.1M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1998.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $115K Management & general 1% · $1K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Emeritus Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Aatcc Foundation 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
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes charitable, scientific, and educational activities in textile and chemical sciences.

Provided by the organization

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1 program · $115K · in their own filed words · FY2022
01

The creation and dissemination of education programs and materials and to develop skills of individuals through scholarships and grants to provide benefits to the general public.

$115Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$6K
Grants paid · 8 grants · $466K · 2020–2025
Unitemized GrantFY2025$119,536
Unitemized GrantFY2024$109,450
Unitemized GrantFY2023$109,000
Unitemized GrantFY2021$109,500
Unitemized GrantFY2021$9,900
Unitemized GrantFY2020$2,884
Unitemized GrantFY2020$2,884
Unitemized GrantFY2020$2,884

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$122K
Ln 12
Gifts and grantsLn 1h$63K
Investment incomeLn 3$58K
Money outPt IX
$116K
Ln 25
Programscol B$115K
Managementcol C$1K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$1.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$63K
Investment incomeLn 3$58K
Total revenueLn 12$122K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
InvestmentsLn 11–13$1.9M
Total assetsLn 16$1.9M
LiabilitiesLn 26$0
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1K$8K
InvestmentsLn 11–13$2.4M$1.9M
Total assetsLn 16$2.4M$1.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.4M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$107K$107K
Management feesLn 11a$600$600
Office expensesLn 13$581$581
TravelLn 17$3K$3K
InsuranceLn 23$750$750
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$116K$115K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $210K$129K$82K$3.1M 990 PDF
FY2024 $111K$118K−$7K$2.7M 990 PDF
FY2023 $148K$113K$35K$2.3M 990 PDF
FY2022 Viewing $122K$116K$5K$1.9M 990 PDF
FY2021 $270K$128K$142K$2.4M 990 PDF
FY2020 $348K$126K$223K$1.9M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $121,688 across 4 lines filed
VIII-1f All other contributions, gifts and grants$63,478
VIII-1h Total contributions, gifts and grants$63,478
VIII-3 Investment incomeExcluded from tax $58,210$58,210
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $58,210$121,688
Part IX · Statement of functional expenses $116,282 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $107,000$107,000
IX-11a Management feesPrograms $600$600
IX-13 Office expensesManagement $581$581
IX-17 TravelPrograms $2,573$2,573
IX-23 InsuranceManagement $750$750
IX-24 Other expenses (24a–d)Programs $4,778$4,778
IX-25 Total functional expensesPrograms $114,951 · Management $1,331 · Fundraising $0$116,282
Part X · Balance sheet $1,870,928 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,159$7,829
X-11 Publicly traded securitiesStart of year $2,358,136$1,863,099
X-16 Total assetsStart of year $2,364,073$1,870,928
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $353,821$234,796
X-28 Net assets with donor restrictionsStart of year $2,010,252$1,636,132
X-32 Total net assets or fund balancesStart of year $2,364,073$1,870,928
X-33 Total liabilities and net assetsStart of year $2,364,073$1,870,928
Part XI · Reconciliation of net assets $1,870,928 net assets at year end
XI-1 Total revenue$121,688
XI-2 Total expenses$116,282
XI-3 Revenue less expenses$5,406
XI-4 Net assets at start of year$2,364,073
XI-5 Net unrealized gains (losses) on investments−$498,551
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,870,928

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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