Textile Research Institute
- Assets
- $5.8m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 29
- Location
- Princeton, NJ
- Founding
- 07/1964
- Data as of
- 12/2022
- EIN
- 21-0647231
Organization Overview
Textile Research Institute, operating under the name TRI Princeton, is located in Princeton, NJ. The organization was established in 1964. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2022, TRI Princeton employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. TRI Princeton is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, TRI Princeton generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $4.9m during the year ending 12/2022. While expenses have increased by 8.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ADVANCEMENT OF SCIENTIFIC KNOWLEDGE IN THE FIBROUS AND POLYMETRIC MATERIALS, HUMAN HAIR, TEXTILES, AND FILM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PROJECTS - THE CORE OF TRI IS OUR RESEARCH AND HOW WE LEVERAGE THIS TO HONE OUR SKILLS THROUGH WHICH WE SUPPORT OUR MANY CLIENTS WITH OUR TECHNICAL SERVICES BY SPECIALIZING IN A COMBINATION OF FUNDAMENTAL AND APPLIED SCIENCE, WE ARE RECOGNIZED LEADERS IN THE PERSONAL CARE INDUSTRY AND HAVE PIONEERED NEW METHODS AND TECHNIQUES TO DRIVE INNOVATION IN THE FIELD, SET NEW STANDARDS BY WHICH THE INDUSTRY CAN FOLLOW, AND RAISE THE SCIENTIFIC BAR IN OUR INDUSTRY TO HELP MAINTAIN INDUSTRY REGULATIONS AND FORMATS FOR PRODUCT DEVELOPMENT AND LAUNCHES.
PROFESSIONAL EDUCATION - FROM COLLEGE INTERNS TO POST-DOCTORAL FELLOWS TO INDUSTRY PROFESSIONALS, TRI IS COMMITTED TO EDUCATING TODAYS AND THE NEXT GENERATION OF SCIENTISTS THROUGH OUR PROFESSIONAL EDUCATION PROGRAM, ALONG WITH OUR VARIOUS STUDENT EMPLOYMENT OPPORTUNITIES, WE PROVIDE THE INDUSTRY AND THE SCIENTIFIC COMMUNITY WITH A SOLID FOUNDATION OF EDUCATED, MOTIVATED PROFESSIONALS. BY CONTRAST, OUR SCIENTIFIC CONFERENCES ARE RENOWN FOR THEIR TECHNICAL STANDING AND FOR BRINGING TOGETHER TODAYS SCIENTISTS WITH TOMORROWS INNOVATORS TO BRIDGE THE GAP OF LEARNING AND CREATIVITY. IN ADDITION, TRI PERFORMS EDUCATIONAL RESEARCH AND PUBLISHES THOSE RESULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David E Graham President - Trustee | OfficerTrustee | 37.5 | $236,697 |
Eleanor Lehman Secretary/treasurer - Trustee | OfficerTrustee | 37.5 | $175,907 |
Samuel Gourion-Arsiquaud Director | 37.5 | $192,954 | |
Trefor Evans Director Of Research | 37.5 | $178,837 | |
Ernesta Malinauskyte Principal Scientist | 37.5 | $156,316 | |
Lawrence Senak Senior Scientist | 37.5 | $112,870 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $5,928,247 |
| Investment income | $13,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,597 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,938,854 |
| 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. | $457,074 |
| Compensation of current officers, directors, key employees. | $51,291 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,188,100 |
| Pension plan accruals and contributions | $41,907 |
| Other employee benefits | $210,203 |
| Payroll taxes | $160,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,054 |
| Fees for services: Accounting | $29,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,793 |
| Advertising and promotion | $0 |
| Office expenses | $135,077 |
| Information technology | $113,844 |
| Royalties | $0 |
| Occupancy | $300,042 |
| Travel | $20,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,965 |
| Interest | $28,549 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $293,179 |
| Insurance | $149,492 |
| All other expenses | $0 |
| Total functional expenses | $4,918,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,411 |
| Savings and temporary cash investments | $2,784,119 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $625,688 |
| 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 | $56,314 |
| Net Land, buildings, and equipment | $1,340,270 |
| Investments—publicly traded securities | $751,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,791,295 |
| Accounts payable and accrued expenses | $622,507 |
| Grants payable | $0 |
| Deferred revenue | $900,381 |
| 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 | $553,059 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,075,947 |
| Net assets without donor restrictions | $3,715,348 |
| 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 | $5,791,295 |