Nonprofit · EIN 56-2126492
POLYMERS FOUNDATION INC
Tax-exempt · CHARLOTTE, NC 28262
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $20,476 | $14,378 | $6,098 | $371,943 | $0 | $371,943 |
| June 30, 2024 | 990 | $38,280 | $24,978 | $13,302 | $351,191 | $0 | $351,191 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,000
- Program service revenue
- $0
- Investment income
- $13,476
- Net gain from sales of assets
- $6,771
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $1,594
- Program services (functional)
- $14,378
Balance sheet and other
- Total assets, start of year
- $351,191
- Total assets, end of year
- $371,943
- Total liabilities, end of year
- $0
- Net assets, end of year
- $371,943
- Land, buildings and equipment
- $37,831
- Net assets without donor restrictions
- $371,943
- Gross receipts
- $20,476
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| PHILIP S SHOEMAKER | BOARD MEMBER Trustee or director | 1 | $0 | $185,890 |
| WILLIAM DOMINICK | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TERRY PETERSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MARK DREHEIM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL MARTIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| PHILIP S SHOEMAKER | BOARD MEMBER Trustee or director | 1 | $0 | $180,790 |
| WILLIAM DOMINICK | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TERRY PETERSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MARK DREHEIM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL MARTIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8900 RESEARCH DR, CHARLOTTE, NC 28262-8540
- In care of
- % DENNIS HAYFORD UNIV RESEARCH PARK
- Mailing address (990-N for 2009)
- 8900 Research Dr, Charlotte NC 28262
- Principal officer (990 for 2024)
- THOMAS MCHOUELL, 8900 RESEARCH DRIVE, CHARLOTTE, NC 28262
- Principal officer (990-N for 2009)
- Dennis Hayford Executive Director, 8900 Research Dr, Charlotte NC 28262
- Signed the 990
- THOMAS MCHOUELL, MEMBER
- Phone
- (704) 602-4100
- Return prepared by
- Murray Group CPA PLLC
Mission
SEE SCHEDULE O
Program accomplishments
- RECIEVE, MANAGE AND ALLOCATE FUNDS PROVIDED TO THE FOUNDATION FOR SPECIFIC PURPOSES CONSISTENT WITH ITS NON-PROFIT STATUS.Expenses $3,878
- ScholarshipExpenses $10,500 · grants $10,500
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2126492
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $371,943
- Income (IRS master file)
- $20,476
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $20,476 | $14,378 | $371,943 | XML |
| 990 | June 2024 | $38,280 | $24,978 | $351,191 | XML |
| 990 | June 2023 | $16,633 | $5,572 | $315,560 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990-N for 2009 Officer: Dennis Hayford Executive Director | June 30, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
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 56-2126492).
Questions about POLYMERS FOUNDATION INC
- What is the EIN of POLYMERS FOUNDATION INC?
- The employer identification number (EIN) of POLYMERS FOUNDATION INC is 56-2126492.
- Is POLYMERS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to POLYMERS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POLYMERS FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of POLYMERS FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POLYMERS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of POLYMERS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names THOMAS MCHOUELL.
- Who are the officers and directors of POLYMERS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does POLYMERS FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $20,476, expenses of $14,378 and total assets of $371,943 at year end.
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