Polymers Foundation INC FY2021 filing

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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.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-2126492) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
52%
of spending
52% of spending went to programs.
Pt IX · Ln 25 · col B
176.2 mo
of spending, in cash
176.2 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
$0
Spent
$3K
To programs
52%
Net assets
$89K
By yearFY2021–FY2025
Revenue
$0
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$0
FY2022$227K
FY2023$17K
FY2024$38K
FY2025$20K
Expenses
$3K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$3K
FY2022$4K
FY2023$6K
FY2024$25K
FY2025$14K
Net assets
$89K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$89K
FY2022$294K
FY2023$316K
FY2024$351K
FY2025$372K

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 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 Dec 1999.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $2K Management & general 48% · $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

5 people listed on the 990.

Part VII, Section A · reportable compensation
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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1 program · $2K · in their own filed words · FY2020
01

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

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-2126492) · Dispute this line
$2Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$3K
Ln 25
Programscol B$2K
Managementcol C$1K
Owns and owesPt X
$89K
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$89K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$32K
SavingsLn 2$13K
Cash and savings togetherLn 1–2$45K
Land, buildings, equipmentLn 10c$44K
Total assetsLn 16$89K
LiabilitiesLn 26$0
Net assetsLn 32$89K
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
EndowmentSch D · Pt V
LineFY21FY20FY19FY18
End of yearLn 1g$13K$13K$13K$13K
AddedLn 1b$3K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$46K$45K
Land, buildings, equipmentLn 10c$46K$44K
Total assetsLn 16$92K$89K
LiabilitiesLn 26$0$0
Net assetsLn 32$92K$89K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Depreciation, depletion and amortizationLn 22$2K$2K
Total functional expensesLn 25$3K$2K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,600$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,600$0
I-13 Grants and similar amounts paidPrior year $0$0
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 $3,565$3,043
I-18 Total expensesPrior year $3,565$3,043
I-19 Revenue less expensesPrior year −$965−$3,043
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 $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $3,043 across 2 lines filed
IX-11c Accounting feesManagement $1,447$1,447
IX-22 Depreciation, depletion and amortizationPrograms $1,596$1,596
IX-25 Total functional expensesPrograms $1,596 · Management $1,447 · Fundraising $0$3,043
Part X · Balance sheet $88,897 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $33,164$31,717
X-2 Savings and temporary cash investmentsStart of year $12,973$12,973
X-10c Land, buildings and equipment, netStart of year $45,803$44,207
X-16 Total assetsStart of year $91,940$88,897
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $91,940$88,897
X-32 Total net assets or fund balancesStart of year $91,940$88,897
X-33 Total liabilities and net assetsStart of year $91,940$88,897
Part XI · Reconciliation of net assets $88,897 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$3,043
XI-3 Revenue less expenses−$3,043
XI-4 Net assets at start of year$91,940
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$88,897

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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