Polymers Foundation INC EIN 56-2126492 Form 990 (PDF) Claim this org

Polymers Foundation INC FY2023 filing

Not yet claimed Claim this org →

Collects and distributes donations for polymer science research and education. For fiscal year 2023 it reported $17K in revenue, $6K in expenses, and $316K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Charlotte, NC
Filings
5 on file (2021–2023)
Revenue
$17KFY2023
Expenses
$6K
Net assets
$316K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  56-2126492 Public foundation / grantmaker Charlotte, NC
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Polymers Foundation INC claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Collects and distributes donations for polymer science research and education.
Leadership
Philip S Shoemaker · Board Member · $171K
Money in and out
$17K revenue, $6K expenses
Bottom line
75% program efficiency
Grants paid & assets · FY2023
Total revenue
$17K
Pt VIII · Ln 12
Total expenses
$6K
Pt IX · Ln 25
Net assets
$316K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $11K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.25
Program efficiency
75%
of spending reaches programs
Operating runway
591.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+67%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$17K
FY2023▼ -93%
Expenses
$6K
FY2023▲ +42%
Total assets
$316K
FY2023▲ +8%
Total liabilities
$0
FY2023
Total revenue
$17K
Pt VIII · Ln 12
Total expenses
$6K
Pt IX · Ln 25
Net assets
$316K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$316K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $4K of program spending, described in the organization's own filed words · FY2022.
01

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

$4Kprogram expense

Run this program? Claim this org to tell your story

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 (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$171,168Pt 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.

See Polymers Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$9K · 54%
Investment income$8K · 46%
Contributions & grants54%$9K
Investment income46%$8K
Total revenueLn 12$17K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.25
Program services75%$4K
Management & general25%$1K
Total functional expensesLn 25$6K

Balance Sheet

Part X · end of year
CashLn 1$275K
Total assetsLn 16$316K
Total liabilitiesLn 26$0
Total net assetsLn 32$316K
Months of cash on handcomputed591.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $275K · Operating expenses/yr $6K
591.3 months
Where the money goes
Program services
Program services $4K · Total expenses $6K
75%
Management & General
Management & general $1K · Total expenses $6K
25%
Fundraising
Fundraising $0 · Total expenses $6K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $78K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $9K · Total revenue $17K
54%
Government reliance
Government grants — · Total revenue $17K
Earned-income share
Program service revenue $0 · Total revenue $17K
0%
Investment reliance
Investment income $8K · Total revenue $17K
+46%
Program self-sufficiency
Program service revenue $0 · Total expenses $6K
0%
Growth & trend
Revenue growth (YoY)
This year $17K · Prior year $227K
-93%
Net-asset trend (YoY)
End of year $316K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17K · Expenses $6K
+67%
Liabilities-to-Assets
Total liabilities — · Total assets $316K
Net-asset ratio
Net assets $316K · Total assets $316K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $316K
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 $171K · Total expenses $6K
×32
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $6K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 25%
Fundraising cost ratio 0%
Revenue growth -93%
Investment management fee ratio 0.8%
Accounting fee ratio 25%

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

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.