Polymers Foundation INC EIN 56-2126492

Polymers Foundation INC

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Collects and distributes donations for polymer science research and education. For fiscal year 2025 it reported $20K in revenue, $14K in expenses, and $372K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Charlotte, NC
Filings
5 on file (2021–2025)
Revenue
$20KFY2025
Expenses
$14K
Net assets
$372K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  56-2126492 Public foundation / grantmaker Charlotte, NC
Form 990 (PDF)
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Size
<$100K
What they do
Collects and distributes donations for polymer science research and education.
Leadership
Philip S Shoemaker · Board Member
Money in and out
$20K revenue, $14K expenses
Bottom line
100% program efficiency
Grants paid & assets · FY2025
Total revenue
$20K
Pt VIII · Ln 12
Total expenses
$14K
Pt IX · Ln 25
Net assets
$372K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $6K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
278.9mo
months of highly liquid reserves at operating expense rate▲ +96% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▼ -14% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$20K
FY2025▼ -47%
Expenses
$14K
FY2025▼ -42%
Total assets
$372K
FY2025▲ +6%
Total liabilities
$0
FY2025
Total revenue
$20K
Pt VIII · Ln 12
Total expenses
$14K
Pt IX · Ln 25
Net assets
$372K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$6K
Total assetsPt X · Ln 16$372K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

2 program services account for $14K of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPolymers Foundation INC
EINHdr · item D56-2126492
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFDec 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
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
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 129 <$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.

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Statement of Revenue

Part VIII
Investment income$13K · 66%
Contributions & grants$7K · 34%
Investment income66%$13K
Contributions & grants34%$7K
Total revenueLn 12$20K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$14K
Total functional expensesLn 25$14K

Balance Sheet

Part X · end of year
CashLn 1$334K
Total assetsLn 16$372K
Total liabilitiesLn 26$0
Total net assetsLn 32$372K
Months of cash on handcomputed278.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $334K · Operating expenses/yr $14K
278.9 months
Where the money goes
Program services
Program services $14K · Total expenses $14K
100%
Management & General
Management & general $0 · Total expenses $14K
0%
Fundraising
Fundraising $0 · Total expenses $14K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $16K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $7K · Total revenue $20K
34%
Government reliance
Government grants — · Total revenue $20K
Earned-income share
Program service revenue $0 · Total revenue $20K
0%
Investment reliance
Investment income $13K · Total revenue $20K
+66%
Program self-sufficiency
Program service revenue $0 · Total expenses $14K
0%
Growth & trend
Revenue growth (YoY)
This year $20K · Prior year $38K
-47%
Net-asset trend (YoY)
End of year $372K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $20K · Expenses $14K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $372K
Net-asset ratio
Net assets $372K · Total assets $372K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $372K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Philip S Shoemaker · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $14K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $14K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -47%
Investment management fee ratio 0.6%

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.

Grants

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

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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)$20K revenue · viewing · ⤓ 990 PDF
FY2024$38K revenue · ⤓ 990 PDF
FY2023$17K revenue · ⤓ 990 PDF
FY2022$227K revenue · ⤓ 990 PDF
FY2021$0 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
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