Geosynthetic Institute
- Assets
- $9.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Folsom, PA
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 23-2726289
Organization Overview
Geosynthetic Institute is located in Folsom, PA. The organization was established in 1994. According to its NTEE Classification (U36) the organization is classified as: Geology, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Geosynthetic Institute employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geosynthetic Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Geosynthetic Institute generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $713.1k during the year ending 12/2022. 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
RESEARCH AND DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Koerner President | OfficerTrustee | 40 | $240,720 |
Jamie Koerner Treasurer | OfficerTrustee | 40 | $84,300 |
Pauleen Limburg Secretary | OfficerTrustee | 0 | $0 |
Doug Limburg Vice President | OfficerTrustee | 0 | $0 |
Mike Koerner Vice President | OfficerTrustee | 0 | $0 |
Mary Koerner Vice President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $701,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $701,054 |
| Total Program Service Revenue | $0 |
| Investment income | $338,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,039,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,000 |
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $325,020 |
| Compensation of current officers, directors, key employees. | $325,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,900 |
| Pension plan accruals and contributions | $36,360 |
| Other employee benefits | $28,579 |
| Payroll taxes | $20,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $369 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,793 |
| Information technology | $6,688 |
| Royalties | $0 |
| Occupancy | $86,630 |
| Travel | $25,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,610 |
| Insurance | $9,971 |
| All other expenses | $3,074 |
| Total functional expenses | $713,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,967 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,415 |
| Investments—publicly traded securities | $9,086,613 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,435,995 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $9,435,995 |
| Total liabilities and net assets/fund balances | $9,435,995 |
Grants Awarded
Over the last fiscal year, Geosynthetic Institute has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRI ENVIRONMENTAL PURPOSE: EXPAND SPEC CATEGORIES IN COLLAB WITH TX | $25,000 |
DELAWARE VALLEY GEO-INTSTITUTE PURPOSE: STEWARD OF THE ENVIRONMENT AWARD | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jcpds International Centre For Diffraction Data Newtown Square, PA | $29,207,921 | $9,027,935 |
Geosynthetic Institute Folsom, PA | $9,435,995 | $1,039,820 |
American Crystallographic Association Buffalo, NY | $1,430,050 | $583,179 |
Appalachian Underground Corrosion Short Course Morgantown, WV | $483,862 | $231,667 |
Punxsutawney Weather Center Inc Punxsutawney, PA | $505,114 | $90,709 |
Pittsburgh Association Of Petroleum Geologists Inc Cranberry Township, PA | $136,683 | $0 |
North Jersey Mineralogical Society Inc Lodi, NJ | $20,392 | $0 |
Energy And Mineral Law Foundation Wheeling, WV | $1,061,706 | $52,943 |
International Center For Remore Sensing Educati0n Elkridge, MD | $2,986 | $0 |