Scientific Equipment & Furniture Association
- Assets
- $793.7k
- Revenue
- $559.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 04/1989
- Data as of
- 06/2022
- EIN
- 52-1551114
Organization Overview
Scientific Equipment & Furniture Association is located in Columbia, SC. The organization was established in 1989. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scientific Equipment & Furniture Association 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 06/2022, Scientific Equipment & Furniture Association generated $559.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $572.0k during the year ending 06/2022. While expenses have increased by 2.9% 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 BECOME THE ORGANIZATION OF CHOICE THAT ENABLES AND SUPPORTS ALL INVOLVED PARTIES IN CREATING HUMANE, SAFE AND EFFECTIVE LABORATORY ENVIRONMENTS. TO BE THE LEADER IN CREATING LABORATORY SOLUTIONS THAT COMBINE ORGANIZATIONAL, TECHNOLOGICAL AND ENVIRONMENTAL SYSTEMS THAT RESPOND CREATIVELY TO STRATEGIC BUSINESS ISSUES. TO BE THE PREMIER ORGANIZATION THAT PROVIDES LEADERSHIP AND TEACHES MEMBER AND CONSTITUENT GROUPS HOW TO WORK TOGETHER AS A COHERENT GROUP TO CREATE LABORATORY SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FACILITATE MEMBERSHIP MEETINGS THAT PROVIDE A FORUM FOR DISCUSSION OF INDUSTRY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mario Difonte Chairman | Officer | 1 | $0 |
Kurt Rindoks Vice Chairma | Officer | 1 | $0 |
Bob Deluca Jr Secretary/tr | Officer | 1 | $0 |
Kevin Kovash Immediate Pa | Officer | 1 | $0 |
Sascha Kunkel Director | Trustee | 1 | $0 |
Fabio Biffi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $417,483 |
| Investment income | $15,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,353 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $559,235 |
| Statement of Expenses | |
|---|---|
| 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. | $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 | $340,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $285 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,477 |
| Office expenses | $3,986 |
| Information technology | $6,875 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $170,524 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,579 |
| All other expenses | $0 |
| Total functional expenses | $571,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,045 |
| Savings and temporary cash investments | $157,506 |
| 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 | $21,258 |
| Investments—publicly traded securities | $524,148 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,743 |
| Total assets | $793,700 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $302,076 |
| 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 | $555 |
| Total liabilities | $302,631 |
| Net assets without donor restrictions | $491,069 |
| 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 |
| Total liabilities and net assets/fund balances | $491,069 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Science Atl Inc Decatur, GA | $782,123 | $1,066,290 |
Scientific Equipment & Furniture Association Columbia, SC | $793,700 | $559,235 |
Ava Lane Meyer Foundation Columbia, SC | $3,000,056 | $558,961 |
Unlab Inc Savannah, GA | $19,408 | $143,992 |
Decatur Makers Inc Decatur, GA | $119,329 | $296,354 |
Mcnc Endowment Research Triangle Park, NC | $149,878,939 | $17,348,211 |
Georgia Youth Science & Technology Center Inc Carrollton, GA | $125,983 | $191,899 |
Air-Pruning Technologies Raleigh, NC | $2,326,261 | $8,670 |
Port Discover Northeastern North Carolinas Center For Hands On Scie Elizabeth City, NC | $444,478 | $218,101 |
Symbioseas Carolina Bch, NC | $26,769 | $0 |
Neuroscience Group Chapel Hill, NC | $17,322 | $0 |
Council For Nail Disorders Inc Johns Creek, GA | $35,097 | $0 |
Magic Of Science Chapel Hill, NC | $1,063 | $0 |
Feilding Foundation Raleigh, NC | $89,102 | $324 |
South Carolina Science Council Pacolet, SC | $14,275 | $0 |
Dahlonega Science Council Dahlonega, GA | $5,187 | $0 |
North Carolina Chinese Scholars Sino-Us Exchange Association Durham, NC | $3,197 | $50 |
Sentinel Aerospace Columbia, SC | $0 | $0 |