Fractionation Research INC FY2020 filing

Not tax-deductible

Stillwater, OK501(c)(6)EIN 73-0603358Revenue $3.8M in FY2020

On file with the IRSfri.org424 S Squires St Ste 200, 74074-1237 · Stillwater, OKTax-exempt since Dec 1966

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To operate well-planned experimental programs to collect and report large scale mass transfer equipment hardware performance data with industrially representative chemical systems, and to report such data to its members clearly, in useful formats, and in a timely manner.

100¢ of each $1 spent went to programs.
$906K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
3 of 6
filings with a surplus
Average deficit $28K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$906K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
72
of 72 voting members
Looks good: 72 of 72 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
Spent
$3.5M
To programs
100%
Net assets
$4.8M
By yearFY2020–FY2025
Revenue
$3.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.8M
FY2021$4.2M
FY2022$3.7M
FY2023$3.8M
FY2024$4.2M
FY2025$4.7M
Expenses
$3.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$3.6M
FY2022$4.6M
FY2023$4.0M
FY2024$4.3M
FY2025$4.6M
Net assets
$4.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.8M
FY2021$5.5M
FY2022$3.6M
FY2023$3.4M
FY2024$3.7M
FY2025$3.8M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 1966.

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% · $3.5M

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

17 people listed on the 990; $906K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Technical Director
$272,819Pt VII · Sec A
Assistant Technical Direct
$240,878Pt VII · Sec A
President
$194,799Pt VII · Sec A
$111,472Pt VII · Sec A
Assistant Treasurer
$47,379Pt VII · Sec A
Assistant Secretary
$38,374Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kenneth McCarley————$232,970$272,819
Ken McCarley——$268,190$240,113——
Tony Cai$259,910$225,852$240,766$233,351$222,218$240,878
Izak Nieuwoudt$254,807$224,381$163,908———
Sergio Kapusta$218,671$143,906$155,012$121,039$13,934—
Jose Bravo————$90,077$194,799
Sayeed Mohammad$151,708$142,949$143,472$138,464$132,217—
Jeanifer Randall$149,064$114,502$112,387$106,216$104,099$111,472

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

Tests and reports industrial equipment performance data for members.

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Provided by the organization

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1 program · $3.5M · in their own filed words · FY2019
01

Conduct research according to the long range experimental program approved by the technical advisory committee.

$3.5Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Gifts and grantsLn 1h$3.5M
Investment incomeLn 3$289K
Money outPt IX
$3.5M
Ln 25
Programscol B$3.5M
Owns and owesPt X
$4.8M
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$6.1M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
17
listed · VII A
PaidVII A6
Voting boardVI 1a72
IndependentVI 1b72
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Investment incomeLn 3$289K
Gains on assetsLn 7$138K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$48K
SavingsLn 2$181K
Cash and savings togetherLn 1–2$229K
InvestmentsLn 11–13$4.3M
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$42K
Total assetsLn 16$6.1M
LiabilitiesLn 26$1.3M
Net assetsLn 32$4.8M
OperationsPt I, VI
EmployeesI 523
VolunteersI 6921
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$593K$229K
InvestmentsLn 11–13$4.1M$4.3M
Land, buildings, equipmentLn 10c$1.2M$1.3M
Total assetsLn 16$6.3M$6.1M
LiabilitiesLn 26$1.6M$1.3M
Net assetsLn 32$4.7M$4.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$20K
Pay of current officers, directors and key staffLn 5$1.1M
Pay of disqualified personsLn 6$889K
Pension plan contributionsLn 8$109K
Other employee benefitsLn 9$177K
Payroll taxesLn 10$124K
Legal feesLn 11b$6K
Accounting feesLn 11c$24K
Other fees for servicesLn 11g$25K
Advertising and promotionLn 12$8K
Office expensesLn 13$60K
Information technologyLn 14$194K
OccupancyLn 16$170K
TravelLn 17$11K
Conferences, conventions and meetingsLn 19$40K
InterestLn 20$261
Depreciation, depletion and amortizationLn 22$230K
InsuranceLn 23$82K
Other expenses (24a–d)Ln 24$234K
All other expensesLn 24e$11K
Total functional expensesLn 25$3.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.7M$4.6M$148K$3.8M 990 PDF
FY2024 $4.2M$4.3M−$56K$3.7M 990 PDF
FY2023 $3.8M$4.0M−$251K$3.4M 990 PDF
FY2022 $3.7M$4.6M−$908K$3.6M 990 PDF
FY2021 $4.2M$3.6M$570K$5.5M 990 PDF
FY2020 Viewing $3.8M$3.5M$327K$4.8M 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 FY2020 990 (6 parts)
Part I · Summary $3,808,854 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,503,968$3,519,903
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $335,872$288,951
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,839,840$3,808,854
I-13 Grants and similar amounts paidPrior year $50,000$20,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,389,973$2,367,246
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,443,419$1,094,921
I-18 Total expensesPrior year $3,883,392$3,482,167
I-19 Revenue less expensesPrior year −$43,552$326,687
Part VI · Governance 72 of 72 board members independent, 3 to look at
VI-1a Voting members of the governing body72
VI-1b Independent voting members72
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,808,854 across 5 lines filed
VIII-1b Membership dues$3,519,903
VIII-1h Total contributions, gifts and grants$3,519,903
VIII-3 Investment incomeExcluded from tax $150,635$150,635
VIII-7 Net gain or loss on sales of assetsExcluded from tax $138,316$138,316
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $288,951$3,808,854
Part IX · Statement of functional expenses $3,482,167 across 20 lines filed
IX-3 Grants and assistance to foreign recipients$20,000
IX-5 Pay of current officers, directors and key staff$1,069,108
IX-6 Pay of disqualified persons$888,694
IX-8 Pension plan contributions$108,596
IX-9 Other employee benefits$177,092
IX-10 Payroll taxes$123,756
IX-11b Legal fees$6,372
IX-11c Accounting fees$24,300
IX-11g Other fees for services$24,680
IX-12 Advertising and promotion$7,554
IX-13 Office expenses$59,602
IX-14 Information technology$194,338
IX-16 Occupancy$169,872
IX-17 Travel$10,633
IX-19 Conferences, conventions and meetings$40,294
IX-20 Interest$261
IX-22 Depreciation, depletion and amortization$230,089
IX-23 Insurance$81,809
IX-24 Other expenses (24a–d)$233,756
IX-24e All other expenses$11,361
IX-25 Total functional expenses$3,482,167
Part X · Balance sheet $6,106,581 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $294,073$47,552
X-2 Savings and temporary cash investmentsStart of year $298,875$180,992
X-4 Accounts receivableStart of year $284,672$184,412
X-10c Land, buildings and equipment, netStart of year $1,237,458$1,307,692
X-11 Publicly traded securitiesStart of year $4,124,661$4,343,584
X-15 Other assetsStart of year $42,349$42,349
X-16 Total assetsStart of year $6,282,088$6,106,581
X-17 Accounts payable and accrued expensesStart of year $250,863$222,672
X-18 Grants payableStart of year $349,213$0
X-19 Deferred revenueStart of year $405,194$472,633
X-25 Other liabilitiesStart of year $598,346$608,219
X-26 Total liabilitiesStart of year $1,619,843$1,303,524
X-27 Net assets without donor restrictionsStart of year $4,662,245$4,803,057
X-32 Total net assets or fund balancesStart of year $4,662,245$4,803,057
X-33 Total liabilities and net assetsStart of year $6,282,088$6,106,581
Part XI · Reconciliation of net assets $4,803,057 net assets at year end
XI-1 Total revenue$3,808,854
XI-2 Total expenses$3,482,167
XI-3 Revenue less expenses$326,687
XI-4 Net assets at start of year$4,662,245
XI-5 Net unrealized gains (losses) on investments−$185,875
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,803,057

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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