Fiberglass Reinforced Plastics Institute
- Assets
- $79.1k
- Revenue
- $139.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Worcester, MA
- Founding
- 08/2005
- Data as of
- 06/2021
- EIN
- 20-0232812
Organization Overview
Fiberglass Reinforced Plastics Institute is located in Worcester, MA. The organization was established in 2005. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fiberglass Reinforced Plastics Institute is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Fiberglass Reinforced Plastics Institute generated $139.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $143.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORK TO ELIMINATE UNCERTAINTY AND RISK ASSOCIATED WITH FIBERGLASS REINFORCED PLASTICS (FRP) IN CHEMICAL PROCESS EQUIPMENT INDUSTRY THROUGH PROVIDING CERTIFICATION, EDUCATION, MEMBERSHIP AND RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE - ELIMINATE UNCERTAINTY AND RISK ASSOCIATED WITH FRP. ACHIEVEMENTS - IMPROVED INDUSTRY STANDARDS CONFORMANCE, QUALIFIED LAMINATING CAPABILITY, TESTED PRODUCTION RUN LAMINATES, CERTIFIED LAMINATE SPECIFICATION CONFORMANCE, CULTIVATED COMMON BUSINESS INTERESTS, COLLABORATED/EXCHANGED IDEAS/INFORMATION AND CARRIED ON OTHER ACTIVITY FOR OTHER PURPOSE THAT FURTHERED MISSION OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary L Arthur Executive Director & Presi | OfficerTrustee | 40 | $17,185 |
Douglas M Druzbik Trustee | Trustee | 0.25 | $0 |
Robert A Kriner CPA Trustee | Trustee | 0.25 | $0 |
Ronald T Marconi Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,125 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,125 |
| Total Program Service Revenue | $136,522 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,185 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,045 |
| Fees for services: Accounting | $3,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $802 |
| Advertising and promotion | $0 |
| Office expenses | $1,918 |
| Information technology | $0 |
| Royalties | $32,815 |
| Occupancy | $22,800 |
| Travel | $8,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,149 |
| All other expenses | $2,777 |
| Total functional expenses | $143,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,529 |
| Savings and temporary cash investments | $29,552 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $79,081 |
| Accounts payable and accrued expenses | $150,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,681 |
| Total liabilities | $179,681 |
| Net assets without donor restrictions | -$100,600 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $79,081 |
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