Fractionation Research INC FY2024 filing

Not tax-deductible

Stillwater, OK501(c)(6)EIN 73-0603358Revenue $4.2M in FY2024

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.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
$958K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
$958K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $3.5M in investments, Pt X · Ln 11–13
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.3M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
76
of 76 voting members
Looks good: 76 of 76 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.2M
+12% vs prior year
Spent
$4.3M
To programs
100%
Net assets
$3.7M
By yearFY2020–FY2025
Revenue
$4.2M
FY2024▲ +12%
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
$4.3M
FY2024▲ +6%
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
$3.7M
FY2024▲ +8%
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 FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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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 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% · $4.3M

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; $958K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chief Scientist
$225,852Pt VII · Sec A
Technical Director
$224,381Pt VII · Sec A
$143,906Pt VII · Sec A
Research Engineer
$142,949Pt VII · Sec A
Secretary/Treasurer
$114,502Pt VII · Sec A
Assistant Treasurer
$61,257Pt VII · Sec A
Assistant Secretary
$45,055Pt 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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2 programs · $4.3M · in their own filed words · FY2023
01

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

$4.3Mprogram expense
02

Fractionation (fri) distillation academy- 4 day fri member only training for engineers in the mass transfer field. Course utilzes fri information.

$48Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Gifts and grantsLn 1h$4.1M
Investment incomeLn 3$178K
Money outPt IX
$4.3M
Ln 25
Programscol B$4.3M
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$406K
Total assetsLn 16$6.0M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
17
listed · VII A
PaidVII A7
Voting boardVI 1a76
IndependentVI 1b76
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.1M
Investment incomeLn 3$178K
Gains on assetsLn 7$16K
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$397K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$406K
InvestmentsLn 11–13$3.5M
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$285K
Total assetsLn 16$6.0M
LiabilitiesLn 26$2.3M
Net assetsLn 32$3.7M
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 FY24End FY24
Cash and savingsLn 1–2$67K$406K
InvestmentsLn 11–13$3.4M$3.5M
Land, buildings, equipmentLn 10c$1.2M$1.1M
Total assetsLn 16$5.4M$6.0M
LiabilitiesLn 26$2.0M$2.3M
Net assetsLn 32$3.4M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$554K
Other salaries and wagesLn 7$1.4M
Pension plan contributionsLn 8$173K
Other employee benefitsLn 9$270K
Payroll taxesLn 10$135K
Legal feesLn 11b$15K
Accounting feesLn 11c$26K
Other fees for servicesLn 11g$225K
Advertising and promotionLn 12$16K
Office expensesLn 13$93K
Information technologyLn 14$107K
OccupancyLn 16$182K
TravelLn 17$31K
Conferences, conventions and meetingsLn 19$165K
Depreciation, depletion and amortizationLn 22$267K
InsuranceLn 23$122K
Other expenses (24a–d)Ln 24$499K
Total functional expensesLn 25$4.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.7M$4.6M$148K$3.8M 990 PDF
FY2024 Viewing $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 $3.8M$3.5M$327K$4.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $4,249,184 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,655,608$4,070,717
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $139,731$178,467
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,795,339$4,249,184
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 $2,571,400$2,558,726
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,474,465$1,746,567
I-18 Total expensesPrior year $4,045,865$4,305,293
I-19 Revenue less expensesPrior year −$250,526−$56,109
Part VI · Governance 76 of 76 board members independent, 3 to look at
VI-1a Voting members of the governing body76
VI-1b Independent voting members76
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 $4,249,184 across 5 lines filed
VIII-1b Membership dues$4,070,717
VIII-1h Total contributions, gifts and grants$4,070,717
VIII-3 Investment incomeExcluded from tax $162,844$162,844
VIII-7 Net gain or loss on sales of assetsExcluded from tax $15,623$15,623
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $178,467$4,249,184
Part IX · Statement of functional expenses $4,305,293 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$554,106
IX-7 Other salaries and wages$1,427,227
IX-8 Pension plan contributions$172,875
IX-9 Other employee benefits$269,500
IX-10 Payroll taxes$135,018
IX-11b Legal fees$14,848
IX-11c Accounting fees$26,190
IX-11g Other fees for services$224,955
IX-12 Advertising and promotion$15,873
IX-13 Office expenses$92,626
IX-14 Information technology$107,197
IX-16 Occupancy$181,939
IX-17 Travel$31,044
IX-19 Conferences, conventions and meetings$164,567
IX-22 Depreciation, depletion and amortization$267,029
IX-23 Insurance$121,624
IX-24 Other expenses (24a–d)$498,675
IX-25 Total functional expenses$4,305,293
Part X · Balance sheet $6,008,752 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $61,893$396,685
X-2 Savings and temporary cash investmentsStart of year $4,661$9,542
X-4 Accounts receivableStart of year $467,273$650,901
X-9 Prepaid expenses and deferred chargesStart of year $94,070$75,256
X-10c Land, buildings and equipment, netStart of year $1,175,345$1,127,455
X-11 Publicly traded securitiesStart of year $3,445,393$3,463,544
X-15 Other assetsStart of year $136,267$285,369
X-16 Total assetsStart of year $5,384,902$6,008,752
X-17 Accounts payable and accrued expensesStart of year $445,414$454,542
X-19 Deferred revenueStart of year $792,874$944,463
X-25 Other liabilitiesStart of year $746,505$923,146
X-26 Total liabilitiesStart of year $1,984,793$2,322,151
X-27 Net assets without donor restrictionsStart of year $3,400,109$3,686,601
X-32 Total net assets or fund balancesStart of year $3,400,109$3,686,601
X-33 Total liabilities and net assetsStart of year $5,384,902$6,008,752
Part XI · Reconciliation of net assets $3,686,601 net assets at year end
XI-1 Total revenue$4,249,184
XI-2 Total expenses$4,305,293
XI-3 Revenue less expenses−$56,109
XI-4 Net assets at start of year$3,400,109
XI-5 Net unrealized gains (losses) on investments$342,601
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,686,601

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

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