Polymers Foundation INC

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Recive, manage and allocate funds, in-kind donations and other things of value donated or otherwise provided to the Foundation for the specific purposes consistent with it's non-profit status. Those purposes shall include research and education relating to polyer science.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $50K a year · 83% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
278.9 mo
of spending, in cash
278.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$20K
-47% vs prior year
Spent
$14K
To programs
100%
Net assets
$372K
By yearFY2021–FY2025
Revenue
$20K
FY2025▼ -47%
Tap a bar for its year
Revenue by fiscal year
FY2021$0
FY2022$227K
FY2023$17K
FY2024$38K
FY2025$20K
Expenses
$14K
FY2025▼ -42%
Tap a bar for its year
Expenses by fiscal year
FY2021$3K
FY2022$4K
FY2023$6K
FY2024$25K
FY2025$14K
Net assets
$372K
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2021$89K
FY2022$294K
FY2023$316K
FY2024$351K
FY2025$372K

From the FY2025 Form 990 (year ending June 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1999.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $14K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Philip S Shoemaker’s $171K as Board Member is at the 100th percentile of top reported officer pay among 133 <$100K philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022
Philip S Shoemaker$171,168$173,850

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 Polymers Foundation INC executive salaries →

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

Collects and distributes donations for polymer science research and education.

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2 programs · $14K · in their own filed words · FY2024
01

Scholarship

$10Kprogram expense
02

Recieve, manage and allocate funds provided to the foundation for specific purposes consistent with its non-profit status.

$4Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $32K · 2023–2024
Unc Charlotte FoundationFY2024$10,500
Unc Charlotte FoundationFY2023$21,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$20K
Ln 12
Investment incomeLn 3$13K
Gifts and grantsLn 1h$7K
Money outPt IX
$14K
Ln 25
Programscol B$14K
Owns and owesPt X
$372K
net assets · Ln 32
Cash and savingsLn 1–2$334K
Total assetsLn 16$372K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Investment incomeLn 3$13K
Gains on assetsLn 7$7K
Total revenueLn 12$20K
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$289K
Cash and savings togetherLn 1–2$334K
Land, buildings, equipmentLn 10c$38K
Total assetsLn 16$372K
LiabilitiesLn 26$0
Net assetsLn 32$372K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$2K
Share of the $289K endowmentSch D 1g0.79%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$289K$263K$249K$233K$13K
AddedLn 1b$7K$250K
SpentLn 1d–1f$10K$12K$2K$14K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$295K$334K
Land, buildings, equipmentLn 10c$39K$38K
Total assetsLn 16$351K$372K
LiabilitiesLn 26$0$0
Net assetsLn 32$351K$372K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Investment management feesLn 11f$2K$2K
Depreciation, depletion and amortizationLn 22$2K$2K
Total functional expensesLn 25$14K$14K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Nov 8, 2025 $20K$14K$6K$372K 990 PDF
FY2024Filed with the IRS Oct 3, 2024 $38K$25K$13K$351K 990 PDF
FY2023Filed with the IRS Aug 25, 2023 $17K$6K$11K$316K 990 PDF
FY2022Filed with the IRS Sep 5, 2022 $227K$4K$223K$294K 990 PDF
FY2021Filed with the IRS Sep 4, 2021 $0$3K−$3K$89K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $20,476 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,269$7,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,011$13,476
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $38,280$20,476
I-13 Grants and similar amounts paidPrior year $21,000$10,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,978$3,878
I-18 Total expensesPrior year $24,978$14,378
I-19 Revenue less expensesPrior year $13,302$6,098
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $20,476 across 5 lines filed
VIII-1d Related organizations$7,000
VIII-1h Total contributions, gifts and grants$7,000
VIII-3 Investment incomeRelated to mission $6,705$6,705
VIII-7 Net gain or loss on sales of assetsRelated to mission $6,771$6,771
VIII-12 Total revenueRelated to mission $13,476 · Unrelated business $0 · Excluded from tax $0$20,476
Part IX · Statement of functional expenses $14,378 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $10,500$10,500
IX-11f Investment management feesPrograms $2,284$2,284
IX-22 Depreciation, depletion and amortizationPrograms $1,594$1,594
IX-25 Total functional expensesPrograms $14,378 · Management $0 · Fundraising $0$14,378
Part X · Balance sheet $371,943 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $32,668$45,442
X-2 Savings and temporary cash investmentsStart of year $262,829$288,670
X-4 Accounts receivableStart of year $16,269$0
X-10c Land, buildings and equipment, netStart of year $39,425$37,831
X-16 Total assetsStart of year $351,191$371,943
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $351,191$371,943
X-32 Total net assets or fund balancesStart of year $351,191$371,943
X-33 Total liabilities and net assetsStart of year $351,191$371,943
Part XI · Reconciliation of net assets $371,943 net assets at year end
XI-1 Total revenue$20,476
XI-2 Total expenses$14,378
XI-3 Revenue less expenses$6,098
XI-4 Net assets at start of year$351,191
XI-5 Net unrealized gains (losses) on investments$14,654
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$371,943

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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