Polymers Foundation INC FY2024 filing

Tax-deductible

Charlotte, NC501(c)(3)Foundations & GrantmakersEIN 56-2126492

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

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $50K a year · 83% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
142 mo
of spending, in cash
Looks good: 142.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$38K
+130% vs prior year
Spent
$25K
To programs
100%
Net assets
$351K
By yearFY2021–FY2025
Revenue
$38K
FY2024▲ +130%
Revenue by fiscal year
FY2021$0
FY2022$227K
FY2023$17K
FY2024$38K
FY2025$20K
Expenses
$25K
FY2024▲ +348%
Expenses by fiscal year
FY2021$3K
FY2022$4K
FY2023$6K
FY2024$25K
FY2025$14K
Net assets
$351K
FY2024▲ +11%
Net assets by fiscal year
FY2021$89K
FY2022$294K
FY2023$316K
FY2024$351K
FY2025$372K

From the FY2024 Form 990 (year ending June 2024) · see the original

You’re viewing the FY2024 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

100 cents of each dollar spent went to programs.

Program services 100% · $25K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 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.

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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 15aYes

Programs and updates

Collects and distributes donations for polymer science research and education.

Provided by the organization

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2 program services account for $25K of program spending, described in the organization's own filed words · FY2023.
01

Scholarship

$21Kprogram 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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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 FY2024 990, line by line.

1The main four
Money inPt VIII
$38K
Ln 12
Gifts and grantsLn 1h$32K
Investment incomeLn 3$6K
Money outPt IX
$25K
Ln 25
Programscol B$25K
Owns and owesPt X
$351K
net assets · Ln 32
Cash and savingsLn 1–2$295K
Total assetsLn 16$351K
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$32K
Investment incomeLn 3$6K
Gains on assetsLn 7−$2K
Total revenueLn 12$38K
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$263K
Cash and savings togetherLn 1–2$295K
Land, buildings, equipmentLn 10c$39K
Total assetsLn 16$351K
LiabilitiesLn 26$0
Net assetsLn 32$351K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$275K$295K
Land, buildings, equipmentLn 10c$41K$39K
Total assetsLn 16$316K$351K
LiabilitiesLn 26$0$0
Net assetsLn 32$316K$351K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$21K$21K
Investment management feesLn 11f$2K$2K
Depreciation, depletion and amortizationLn 22$2K$2K
Total functional expensesLn 25$25K$25K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20K$14K$6K$372K 990 PDF
FY2024 Viewing $38K$25K$13K$351K 990 PDF
FY2023 $17K$6K$11K$316K 990 PDF
FY2022 $227K$4K$223K$294K 990 PDF
FY2021 $0$3K−$3K$89K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $38,280 across 5 lines filed
VIII-1d Related organizations$32,269
VIII-1h Total contributions, gifts and grants$32,269
VIII-3 Investment incomeRelated to mission $7,606$7,606
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,595−$1,595
VIII-12 Total revenueRelated to mission $6,011 · Unrelated business $0 · Excluded from tax $0$38,280
Part IX · Statement of functional expenses $24,978 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $21,000$21,000
IX-11f Investment management feesPrograms $2,384$2,384
IX-22 Depreciation, depletion and amortizationPrograms $1,594$1,594
IX-25 Total functional expensesPrograms $24,978 · Management $0 · Fundraising $0$24,978
Part X · Balance sheet $351,191 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $25,630$32,668
X-2 Savings and temporary cash investmentsStart of year $248,911$262,829
X-4 Accounts receivable$16,269
X-10c Land, buildings and equipment, netStart of year $41,019$39,425
X-16 Total assetsStart of year $315,560$351,191
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $315,560$351,191
X-32 Total net assets or fund balancesStart of year $315,560$351,191
X-33 Total liabilities and net assetsStart of year $315,560$351,191
Part XI · Reconciliation of net assets $351,191 net assets at year end
XI-1 Total revenue$38,280
XI-2 Total expenses$24,978
XI-3 Revenue less expenses$13,302
XI-4 Net assets at start of year$315,560
XI-5 Net unrealized gains (losses) on investments$22,329
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$351,191

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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