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Nonprofit · EIN 23-2726289

GEOSYNTHETIC INSTITUTE

Tax-exempt · FOLSOM, PA 19033

Financials

$1.3M$794K2023$1.5M$825K2024
Revenue Expenses · by fiscal year end
Financials of GEOSYNTHETIC INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,468,430$825,263$643,167$12,406,453$0$12,406,453
December 31, 2023990$1,292,585$793,551$499,034$10,926,411$0$10,926,411
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$835,695
Program service revenue
$0
Investment income
$632,735
Other revenue
$0

Expenses

Grants and similar amounts paid
$121,846
Compensation of officers, directors and key employees
$436,639
Salaries, compensation and benefits (total)
$458,619
Professional fundraising fees
$0
Legal fees
$315
Accounting fees
$4,000
Occupancy
$91,494
Travel
$39,186
Depreciation
$2,020
Program services (functional)
$121,846
Management and general (functional)
$703,417

Balance sheet and other

Total assets, start of year
$10,926,411
Total assets, end of year
$12,406,453
Total liabilities, end of year
$0
Net assets, end of year
$12,406,453
Land, buildings and equipment
$5,049
Publicly traded securities
$12,112,146
Gross receipts
$1,468,430
Employees
2
Year formed
1993
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
GEORGE KOERNERPRESIDENT
Trustee or director, Officer
40$271,200$58,311
JAMIE KOERNERTREASURER
Trustee or director, Officer
40$95,568$11,560
MIKE KOERNERVICE PRESIDENT
Trustee or director, Officer
0$0$0
MARY KOERNERVICE PRESIDENT
Trustee or director, Officer
0$0$0
PAULEEN LIMBURGSECRETARY
Trustee or director, Officer
0$0$0
DOUG LIMBURGVICE PRESIDENT
Trustee or director, Officer
0$0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
MARY KOERNERVICE PRESIDENT
Trustee or director, Officer
0$0
PAULEEN LIMBURGSECRETARY
Trustee or director, Officer
0$0
DOUG LIMBURGVICE PRESIDENT
Trustee or director, Officer
0$0
GEORGE KOERNERPRESIDENT
Trustee or director, Officer
40$0
JAMIE KOERNERTREASURER
Trustee or director, Officer
40$0
MIKE KOERNERVICE PRESIDENT
Trustee or director, Officer
0$0

Address and contacts

Address (IRS master file)
475 KEDRON AVE, FOLSOM, PA 19033-1208
In care of
% GEORGE KOERNER
Signed the 990
GEORGE KOERNER, PRESIDENT
Phone
(610) 522-8440
Return prepared by
CHAPMANS TAX SERVICE INC

Mission

RESEARCH AND DEVELOPMENT

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $121,846

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-2726289
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$12,406,453
Income (IRS master file)
$1,468,430

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,468,430$825,263$12,406,453IRS
990December 2023$1,292,585$793,551$10,926,411XML
990December 2022$1,039,820$713,051$9,435,995IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2726289).

Questions about GEOSYNTHETIC INSTITUTE

What is the EIN of GEOSYNTHETIC INSTITUTE?
The employer identification number (EIN) of GEOSYNTHETIC INSTITUTE is 23-2726289.
Is GEOSYNTHETIC INSTITUTE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to GEOSYNTHETIC INSTITUTE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GEOSYNTHETIC INSTITUTE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GEOSYNTHETIC INSTITUTE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GEOSYNTHETIC INSTITUTE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of GEOSYNTHETIC INSTITUTE?
The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $271,200 (GEORGE KOERNER, PRESIDENT).
How much revenue does GEOSYNTHETIC INSTITUTE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,468,430, expenses of $825,263 and total assets of $12,406,453 at year end.

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