Overview
What is Polymers Foundation Inc?
Polymers Foundation Inc is a nonprofit organization committed to supporting research and education in the field of polymer science. They receive, manage, and allocate funds, in-kind donations, and other resources for specific purposes consistent with their non-profit status. The primary focus of their mission is to advance knowledge in polymer science, contributing to its development and application.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star Rating
Polymers Foundation Inc has received a respectable rating of 84%, reflecting its solid performance in accountability and finance. This rating is calculated exclusively from the Accountability & Finance beacon, indicating a strong emphasis on financial health and transparency. The foundation demonstrates a commitment to governance, with a fully independent board consisting of three members and no material diversion of assets, which are key indicators of ethical operations.
Strengths highlighted include a conflict of interest policy and a comprehensive document retention and destruction policy, both of which contribute positively to the organization's accountability. The foundation also maintains a favorable liabilities to assets ratio of 0.00%, suggesting a sound financial position. Additionally, a program expense ratio of 67.73% indicates that a significant portion of its funds is directed towards its programs.
While the foundation exhibits many strengths, the rating reflects a singular focus on financial factors without additional context provided for programmatic impact. Overall, Polymers Foundation Inc appears to be a well-managed organization with strong financial oversight and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Polymers Foundation Inc legitimate?
Polymers Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Polymers Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Polymers Foundation Inc?
The Polymers Foundation's primary mission is centered around receiving, managing, and distributing funds, in-kind donations, and other valuable resources for purposes consistent with its non-profit status. This organization is particularly dedicated to fostering research and education in the field of polymer science. Its activities are geared towards advancing knowledge and understanding in this domain, contributing to potential advancements and developments within the field.
What is the revenue of Polymers Foundation Inc?
Polymers Foundation Inc's revenue in 2024 was $38,280.
Who are the executives of Polymers Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $180,790
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Polymers Foundation Inc?
Polymers Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Polymers Foundation Inc
The Polymers Foundation, as a non-profit organization, is dedicated to receiving, managing, and allocating funds, in-kind donations, and other valuable resources. The foundation's primary mission lies in the realm of polymers, with a focus on research and education. By leveraging the resources it receives, the Polymers Foundation contributes to advancements in polymer science, contributing to the broader scientific community. The foundation's work in this field seeks to foster innovation and knowledge, ultimately benefiting various sectors that rely on polymer technology.
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Impact
August, 2024
Polymers Foundation Inc has a significant impact on the field of polymer science through its focus on research and education. By receiving, managing, and allocating funds and in-kind donations for specific purposes related to polymers, the foundation plays a crucial role in supporting advancements in this important area of science. Through its efforts, the foundation helps to facilitate important research projects and educational initiatives that contribute to the overall knowledge and development of polymers.
This information is meant to be a general summary of Polymers Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $7,606
- Gross Receipts: $39,875
Assets and Liabilities:
- Total Assets: $315,560
- Total Liabilities: $0
- Net Assets: $315,560
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Organization Details
Founding Year
1998
Principal Officer
Philip S Shoemaker
NTEE Category
Code: T30 - Philanthropy
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