2025-02-13T08:43:13-06:00 2024-09-30 731413977 HOGANTAYLOR LLP 2222 SOUTH UTICA PL SUITE 200 TULSA OK 74114 990 2023-10-01 730603358 FRACTIONATION RESEARCH INC FRAC 4053850354 424 S SQUIRES STREET 200 STILLWATER OK 74074 SERGIO KAPUSTA PRESIDENT 4053850354 2025-02-10 1 1 MICHELLE MANN P00234298 9187452333 2025-02-07 2023 2025-03-06 01:10:19Z SERGIO KAPUSTA 424 S SQUIRES STREET 200 STILLWATER OK 74074 5564114 0 X WWW.FRI.ORG X 1952 OK TO OPERATE WELL-PLANNED EXPERIMENTAL PROGRAMS TO COLLECT AND REPORT LARGE SCALE MASS TRANSFER EQUIPMENT HARDWARE PERFORMANCE DATA WITH INDUSTRIALLY REPRESENTATIVE CHEMICAL SYSTEMS, AND TO REPORT SUCH DATA TO ITS MEMBERS CLEARLY, IN USEFUL FORMATS, AND IN A TIMELY MANNER. 76 76 19 2342 0 0 3655608 4070717 0 0 139731 178467 0 0 3795339 4249184 0 0 0 0 2571400 2558726 0 0 0 1474465 1746567 4045865 4305293 -250526 -56109 5384902 6008752 1984793 2322151 3400109 3686601 X FRI'S PURPOSE IS TO EXECUTE MEMBER-DRIVEN, WELL-PLANNED EXPERIMENTAL PROGRAMS TO COLLECT LARGE SCALE MASS TRANSFER HARDWARE PERFORMANCE DATA WITH INDUSTRIALLY REPRESENTATIVE CHEMICAL SYSTEMS, AND TO REPORT SUCH DATA TO ITS MEMBERS CLEARLY, IN USEFUL FORMATS, AND IN A TIMELY MANNER. OUR GOAL IS TO KEEP YOUR COMPANY ON THE LEADING EDGES OF DISTILLATION TECHNOLOGY! 0 0 4257650 CONDUCT RESEARCH ACCORDING TO THE LONG RANGE EXPERIMENTAL PROGRAM APPROVED BY THE TECHNICAL ADVISORY COMMITTEE. 47643 FRACTIONATION (FRI) DISTILLATION ACADEMY- 4 DAY FRI MEMBER ONLY TRAINING FOR ENGINEERS IN THE MASS TRANSFER FIELD. COURSE UTILZES FRI INFORMATION. 4305293 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 19 1 0 0 0 0 0 0 0 0 X 76 76 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 1 1 0 OK X JEANIFER RANDALL 4053850354 424 SOUTH SQUIRES STREET SUITE 200 STILLWATER OK 74074 KEITH WHITT DIRECTOR 2.00 X 0 0 0 NORMAN YEH DIRECTOR 2.00 X 0 0 0 DEREK DUPRE DIRECTOR 2.00 X 0 0 0 GREG CANTLEY VICE PRESIDENT 2.00 X X 0 0 0 CARSTEN KNOESCHE DIRECTOR 2.00 X 0 0 0 JR DEAM DIRECTOR 2.00 X 0 0 0 MARK PILLING VICE PRESIDENT 2.00 X X 0 0 0 KLAUS RENEBERG DIRECTOR 2.00 X 0 0 0 JOE FLOWERS DIRECTOR 2.00 X 0 0 0 SERGIO KAPUSTA PRESIDENT 24.00 X X 143906 0 1183 ANAND VENNAVELLI DIRECTOR 2.00 X 0 0 0 JEANIFER RANDALL SECRETARY/TREASURER 28.00 X 114502 0 31133 LEAH BROWN ASSISTANT SECRETARY 26.00 X 45055 0 29732 JOELLA REDDEN ASSISTANT TREASURER 32.00 X 61257 0 31788 TONY CAI CHIEF SCIENTIST 40.00 X 225852 0 41175 IZAK NIEUWOUDT TECHNICAL DIRECTOR 40.00 X 224381 0 40816 SAYEED MOHAMMAD RESEARCH ENGINEER 40.00 X 142949 0 25137 957902 0 200964 5 1 1 0 0 4070717 4070717 162844 162844 1330553 1314930 15623 15623 15623 4249184 0 0 178467 554106 1427227 172875 269500 135018 14848 26190 224955 15873 92626 107197 181939 31044 164567 267029 121624 EXPERIMENTAL UNIT 346890 DEVICE RATING PROGRAM 89808 LICENSING & FEES 34438 ACCRETION 27539 4305293 61893 396685 4661 9542 467273 650901 94070 75256 6520907 5393452 1175345 1127455 3445393 3463544 136267 285369 5384902 6008752 445414 454542 792874 944463 746505 923146 1984793 2322151 X 3400109 3686601 3400109 3686601 5384902 6008752 -56109 342601 0 X 0 1 X 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 357146 35880 321266 18967 18967 0 6144794 5338605 806189 1127455 LONG-TERM ASSET RETIREMENT OBLIGATION 680126 RIGHT OF USE LIABILITY-CURRENT 97085 RIGHT OF USE LIABILITY-NON-CURRENT 145935 923146 4591785 342601 342601 4249184 0 4249184 4305293 0 4305293 0 4305293 X 1 1 X X 0 0 0 TONY CAI CHIEF SCIENTIST 225852 0 0 0 0 0 25657 0 15518 0 267027 0 0 0 IZAK NIEUWOUDT TECHNICAL DIRECTOR 224381 0 0 0 0 0 22663 0 18153 0 265197 0 0 0 SAYEED MOHAMMAD RESEARCH ENGINEER 142949 0 0 0 0 0 16762 0 8375 0 168086 0 0 0 PART I, LINE 1A BUSINESS CLASS AIRFARE IS PROVIDED TO ALL EMPLOYEES TRAVELING TO ASIA. PART I, LINE 7 THE LEADERSHIP TEAM OF FRACTIONATION RESEARCH, INC. (PRESIDENT, CHIEF SCIENTIST, TECHNICAL DIRECTOR, CORPORATE ADMINISTRATION DIRECTOR, AND OPERATIONS SUPERVISOR) DISCUSS AND APPROVE ALL BONUSES. FORM 990, PART VI, SECTION A, LINE 6 THE GOVERNING BODY OF FRACTIONATION RESEARCH, INC. IS MADE OF MEMBER COMPANIES. EACH COMPANY HAS EQUAL VOTING RIGHTS. THE MEMBERS DIRECT THE RESEARCH PROGRAM AND OVERSEE THE BUSINESS PART OF THE COMPANY. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER MUST ELECT A TECHNICAL REPRESENTATIVE TO SERVE ON TECHNICAL ADVISORY COMMITTEE (TAC). TAC GOVERNS RESEARCH PROGRAM. EACH MEMBER CAN ELECT A DIRECTOR TO SERVE ON BOARD OF DIRECTORS (BOD). BOD GOVERNS BUSINESS FUNCTIONS OF CORPORATION. EACH MEMBER IS ENTITLED TO ONE VOTE AT ANNUAL MEMBERS MEETING. VARIOUS TOPICS ARE DISCUSSED AND VOTED ON AT MEMBERS MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS APPROVE MINUTES OF ALL MEETINGS, THUS APPROVING ACTIONS TAKEN AT MEETINGS. MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B EACH YEAR AN OUTSIDE AUDIT FIRM CONDUCTS AN AUDIT OF FRACTIONATION RESEARCH, INC. THE FINAL AUDIT REPORT IS USED TO PREPARE THE 990 FORM. THE AUDIT AND 990 FORM ARE REVIEWED INTERNALLY BY THE PRESIDENT, CORPORATE ADMINISTRATION DIRECTOR, AND FINANCIAL ASSOCIATE. FORM 990, PART VI, SECTION B, LINE 15 BENCHMARKING FOR ALL JOB DESCRIPTIONS ARE DONE EVERY THREE YEARS. THE EXECUTIVE COMMITTEE APPROVES A SALARY BUDGET EACH YEAR. THE LEADERSHIP TEAM OF FRACTIONATION RESEARCH, INC. (PRESIDENT, CHIF SCIENTIST, TECHNICAL DIRECTOR & CORPORATE ADMINISTRATION DIRECTOR) DISCUSS AND APPROVE ALL RAISES AND COMPENSATION. THE EXECUTIVE COMMITTEE APPROVES RAISES FOR THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND AUDITED YEAR END FINANCIALS ARE AVAILABLE ON THE WEBSITE. FORM 990, PART I, LINE 1 & PART III, LINE 1 - ORGANIZATION MISSION: FRI'S PURPOSE IS TO OPERATE WELL-PLANNED EXPERIMENTAL PROGRAMS TO COLLECT LARGE SCALE MASS TRANSFER EQUIPMENT HARDWARE PERFORMANCE DATA WITH INDUSTRIALLY REPRESENTATIVE CHEMICAL SYSTEMS, AND TO REPORT SUCH DATA TO ITS MEMBERS CLEARLY, IN USEFUL FORMATS, AND IN A TIMELY MANNER. THE COLLECTED DATA WILL BE INTERPRETED, ANALYZED, AND PRESENTED PROMPTLY BY CLEAR ORAL PRESENTATION AT MEMBERSHIP MEETINGS, AND IN PROGRESS REPORTS AND TOPICAL REPORTS. ACCURATE PREDICTIVE MATHEMATICAL MODELS WILL BE DEVELOPED AND FURNISHED TO THE MEMBERSHIP AS COMPUTER PROGRAMS AND DESIGN HANDBOOKS, AND IN OTHER APPROPRIATE AND CONVENIENT FORMATS. THE DATA MODELS WILL ENABLE PRACTICING ENGINEERS OF MEMBER COMPANIES TO SELECT AND DESIGN COST EFFECTIVE FRACTIONATION EQUIPMENT WITH A HIGH PROBABILITY OF SUCCESS. FRI'S LARGE SCALE EXPERIMENTAL FACILITY WILL SERVE AS THE PRIMARY INDEPENDENT TEST FORUM FOR NEW TYPES OF FRACTIONATION EQUIPMENT TO VALIDATE CLAIMS OF IMPROVED PERFORMANCE RELATIVE TO ACCEPTED STANDARD EQUIPMENT.