Powder Coating Institute Inc
- Assets
- $2.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood Ranch, FL
- Founding
- 09/1982
- Data as of
- 12/2023
- EIN
- 34-1367748
Organization Overview
Powder Coating Institute Inc is located in Lakewood Ranch, FL. The organization was established in 1982. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Powder Coating Institute Inc 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 12/2023, Powder Coating Institute Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 2.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE POWDER COATING INSTITUTE CARRIED ON ACTIVITIES CONSISTENT WITH ADVANCING THE UTILIZATION OF POWDER COATING AS AN ECONOMIC, NON-POLLUTING HIGH QUALITY FINISH FOR INDUSTRIAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Verdun President | OfficerTrustee | 10 | $0 |
Tom Whalen Vice President | OfficerTrustee | 2 | $0 |
Bob Cregg Secretary-Treasurer | OfficerTrustee | 7 | $0 |
Chris Merritt Past President | OfficerTrustee | 5 | $0 |
David Flatten Director | Trustee | 2 | $0 |
Tabitha Mcleish Director | Trustee | 2 | $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 | $55,375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,375 |
| Total Program Service Revenue | $1,533,958 |
| Investment income | $40,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,759 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,633,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Management | $613,440 |
| Fees for services: Legal | $11,702 |
| Fees for services: Accounting | $28,354 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,930 |
| Fees for services: Other | $20,000 |
| Advertising and promotion | $25,579 |
| Office expenses | $11,086 |
| Information technology | $19,557 |
| Royalties | $0 |
| Occupancy | $17,148 |
| Travel | $11,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $307,653 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,660 |
| All other expenses | $22,009 |
| Total functional expenses | $1,542,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $585,825 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,330 |
| 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 | $10,395 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,543,400 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,160,950 |
| Accounts payable and accrued expenses | $29,206 |
| Grants payable | $0 |
| Deferred revenue | $519,334 |
| 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 | $548,540 |
| Net assets without donor restrictions | $1,577,410 |
| Net assets with donor restrictions | $35,000 |
| 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 | $2,160,950 |