Geosynthetic Institute
- Assets
- $11.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Folsom, PA
- Founding
- 07/1994
- Data as of
- 12/2021
- EIN
- 23-2726289
Organization Overview
Geosynthetic Institute is located in Folsom, PA. The organization was established in 1994. According to its NTEE Classification (U36) the organization is classified as: Geology, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Geosynthetic Institute employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geosynthetic Institute 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 12/2021, Geosynthetic Institute generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $663.5k during the year ending 12/2021. 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
RESEARCH AND DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS / GRANTS TO VARIOUS ORGANIZATIONS TO FURTHER THE RESEARCH AND DEVELOPMENT OF GEOSYNTHETICS. THESE DONATIONS INCLUDE THE FUNDING OF FELLOWSHIPS FOR COLLEGE STUDENTS CONDUCTING GEOSYNTHETICS RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Koerner President | OfficerTrustee | 40 | $215,152 |
Jamie Koerner Treasurer | OfficerTrustee | 40 | $74,386 |
Pauleen Limburg Secretary | OfficerTrustee | 0 | $0 |
Mike Koerner Vice President | OfficerTrustee | 0 | $0 |
Doug Limburg Vice President | OfficerTrustee | 0 | $0 |
Mary Koerner Vice President | OfficerTrustee | 0 | $0 |
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 | $626,909 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $626,909 |
| Total Program Service Revenue | $0 |
| Investment income | $503,293 |
| 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 | $1,130,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $90,443 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $289,538 |
| Compensation of current officers, directors, key employees. | $289,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,993 |
| Pension plan accruals and contributions | $25,987 |
| Other employee benefits | $28,777 |
| Payroll taxes | $20,566 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,994 |
| Advertising and promotion | $0 |
| Office expenses | $7,752 |
| Information technology | $10,653 |
| Royalties | $0 |
| Occupancy | $83,125 |
| Travel | $4,985 |
| 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 | $3,506 |
| Insurance | $8,525 |
| All other expenses | $5,801 |
| Total functional expenses | $663,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,314 |
| Savings and temporary cash investments | $0 |
| 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 | $14,025 |
| Investments—publicly traded securities | $10,818,136 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,129,475 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $11,129,475 |
| Total liabilities and net assets/fund balances | $11,129,475 |
Grants Awarded
Over the last fiscal year, Geosynthetic Institute has awarded $27,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: FELLOWSHIP | $20,000 |
Washington, DC PURPOSE: R&D | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jcpds International Centre For Diffraction Data Newtown Square, PA | $25,055,982 | $8,506,684 |
Geosynthetic Institute Folsom, PA | $11,129,475 | $1,130,202 |
Association Of Engineering Geologists Brunswick, OH | $1,170,869 | $483,809 |
American Crystallographic Association Buffalo, NY | $1,626,087 | $361,234 |
Punxsutawney Weather Center Inc Punxsutawney, PA | $526,747 | $95,486 |
Appalachian Underground Corrosion Short Course Morgantown, WV | $562,831 | $21,086 |
North Jersey Mineralogical Society Inc Lodi, NJ | $20,392 | $0 |
Pittsburgh Association Of Petroleum Geologists Inc Cranberry Township, PA | $136,933 | $0 |
Energy And Mineral Law Foundation Wheeling, WV | $956,819 | $82,231 |
Laurel Rocks Club Berlin, PA | $28,714 | $0 |