Fp2 Inc

Organization Overview

Fp2 Inc is located in Glen Ellyn, IL. The organization was established in 2010. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fp2 Inc 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 12/2021, Fp2 Inc generated $392.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $329.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AND EDUCATE THE PUBLIC ON THE VALUE OF PAVEMENT PRESERVATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION SEEKS TO EDUCATE, INFLUENCE, AND INFORM THE PUBLIC, AGENCIES, TRADE ASSOCIATIONS, LEGISLATORS, AND PRESERVATION PARTNERSHIPS ABOUT THE BENEFITS OF PRESERVING OUR EXISTING HIGHWAY SYSTEM IN AN ACCEPTABLE MANNER TO USERS AND FREIGHT HAULERS. THE GOAL OF PRESERVATION IS ACHIEVED BY ADVOCATING NATIONAL POLICIES; BY PROMOTIONAL ACTIVITIES LIKE TRADE SHOWS AND OTHER VENUES; AND BY SUPPORTING RESEARCH PROGRAMS LIKE THE NATIONAL CENTER FOR PAVEMENT PRESERVATION AT MICHIGAN STATE UNIVERSITY IN ACCORDANCE WITH THE PRESERVATION RESEARCH ROADMAP RECENTLY PUBLISHED BY THE FEDERAL HIGHWAY ADMINISTRATION THROUGH GRANTS AND PROJECT SOLICITATIONS.


FUNDING OF A TEST TRACK ON WHICH DIFFERENT TYPES OF PAVEMENT VIABILITY STUDIES ARE CONDUCTED.


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Board, Officers & Key Employees

Name (title)Compensation
Jim Moulthrop
Executive Director
$62,000
John Rathbun
Treasurer
$0
Mark Ishee
Vice President
$0
Tim Harrawood
President
$0
Dave Welborn
Director
$0
Bobby Betsold
Director
$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$288,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$288,500
Total Program Service Revenue$91,725
Investment income $0
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 $391,983

Grants Awarded

Over the last fiscal year, Fp2 Inc has awarded $78,407 in support to 2 organizations.

Grant RecipientAmount

MICHIGAN STATE UNIVERSITY

Org PageRecipient Profile

East Lansing, MI

PURPOSE: RESEARCH

$50,000

NCATMINNESOTA DEPARTMENT OF TRANSPORTATION

PURPOSE: RESEARCH

$28,407
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Fp2 Inc has recieved totaling $28,000.

Awarding OrganizationAmount
National Asphalt Pavement Association Inc

Greenbelt, MD

PURPOSE: GENERAL SUPPORT

$28,000
View Grant Recipient Profile

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