Coatings Research Group Inc
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Berea, OH
- Founding
- 08/1957
- Data as of
- 10/2022
- EIN
- 52-0678247
Organization Overview
Coatings Research Group Inc is located in Berea, OH. The organization was established in 1957. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 10/2022, Coatings Research Group Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coatings Research Group 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 10/2022, Coatings Research Group Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.3m during the year ending 10/2022. While expenses have increased by 4.2% per year over the past 7 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 FOSTER, PROTECT AND PROMOTE WELFARE AND INTERESTS OF PERSONS ENGAGED IN PAINT MANUFACTURING BY PROVIDING TECHNICAL RESEARCH, EVALUATING PRODUCTS AND PROTECTING ENVIRONMENTAL CONCERNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL AND EDUCATIONAL SERVICESTHE ORGANIZATION PROVIDES TECHNICAL TRAINING TO ITS MEMBERS ON COATINGS TECHNOLOGY AND TESTING METHODS. THE ORGANIZATION CONDUCTS PRIVATE RESEARCH, TESTING, PRODUCT BENCHMARKING, ACCELERATED AND EXTERIOR EXPOSURE TESTING, CALIBRATION SERVICES, AND CONSULTING TO ITS MEMBERS.
MEETINGSTHE ORGANIZATION SPONSORS AN ANNUAL MEETING OF ITS BOARD OF DIRECTORS, BI-ANNUAL MEETINGS OF ITS MEMBERS' TECHNICAL DIRECTORS, AND ANNUAL MEETINGS OF ITS MEMBERS AND MANUFACTURING DIRECTORS, AND MEETINGS OF ITS MEMBER'S PRODUCT MANAGERS EVERY 3 YEARS. IN ADDITION, THE ORGANIZATION SPONSORS MEETINGS TWICE PER YEAR OF ITS EXECUTIVE COMMITTEE WHERE THE LONG-TERM STRATEGY OF THE ORGANIZATION IS REVIEWED.
GREEN WISE PROGRAMTHE ORGANIZATION PROVIDES PRODUCT PERFORMANCE AND VOLATILE ORGANIC COMPOUND (VOC) CERTIFICATION THROUGH ITS GREEN WISE REGISTERED CERTIFICATION TRADEMARK. THIS SERVICE IS ALSO AVAILABLE TO NON-MEMBERS FOR A FEE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Scott Executive Director | Officer | 40 | $234,989 |
Doug Vogel President | OfficerTrustee | 1 | $0 |
Karl Altergott VP & Treasurer | OfficerTrustee | 1 | $0 |
Doug Schattinger Secretary | OfficerTrustee | 1 | $0 |
Justin Meade Board Member | Trustee | 1 | $0 |
John Milgram Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,066,244 |
| 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 | $1,066,244 |
| Total Program Service Revenue | $102,700 |
| Investment income | $4,319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,036 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,213,027 |
| 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. | $234,989 |
| Compensation of current officers, directors, key employees. | $58,747 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $573,491 |
| Pension plan accruals and contributions | $114,568 |
| Other employee benefits | $0 |
| Payroll taxes | $55,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,752 |
| Office expenses | $14,320 |
| Information technology | $12,669 |
| Royalties | $0 |
| Occupancy | $48,005 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,388 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,798 |
| Insurance | $9,986 |
| All other expenses | $8,567 |
| Total functional expenses | $1,344,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,992 |
| Savings and temporary cash investments | $394,061 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,168 |
| 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 | $7,648 |
| Net Land, buildings, and equipment | $725,073 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,267,942 |
| Accounts payable and accrued expenses | $36,831 |
| 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 | $36,831 |
| Net assets without donor restrictions | $1,231,111 |
| 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 | $1,267,942 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbus Partnership Columbus, OH | $6,901,138 | $9,385,698 |
Association For Financial Counselling & Plg Education Usa Westerville, OH | $4,050,124 | $2,100,143 |
Coatings Research Group Inc Berea, OH | $1,267,942 | $1,213,027 |
Ohio Mechanical Contracting Industry Legislative Liaison Commi Dayton, OH | $383,330 | $212,487 |
Action Tank Usa Cincinnati, OH | $100,084 | $218,109 |
Legatus Ann Arbor, MI | $163,927 | $0 |
Healthy Adams County Gettysburg, PA | $85,068 | $0 |
Marion County Family Resource Network Inc Fairmont, WV | $50,952 | $0 |
Legatus Ann Arbor, MI | $47,563 | $0 |
Legatus Ann Arbor, MI | $96,381 | $0 |
Legatus Ann Arbor, MI | $62,521 | $0 |
Legatus Ann Arbor, MI | $106,433 | $0 |