Fass Inc
- Assets
- $2.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 30
- Location
- Champaign, IL
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 37-1368775
Organization Overview
Fass Inc is located in Champaign, IL. The organization was established in 1999. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. As of 12/2021, Fass Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fass Inc 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 12/2021, Fass Inc generated $2.3m 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 $2.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE VARIOUS MANAGEMENT SERVICES TO EDUCATIONAL SCIENTIFIC SOCIETIES.
Describe the Organization's Program Activity:
ASSIST IN PUBLISHING SCIENTIFIC JOURNALS, PRODUCE SCIENTIFIC CONFERENCES, AND PROVIDE MEMBERSHIP AND FINANCIAL LIAISON FOR OTHER 501(C)(3) SCIENTIFIC ORGANIZATIONS (OR SIMILAR ORGANIZATIONS UNDER THE COMPARABLE PROVISIONS OF THE FEDERAL INTERNAL REVENUE CODE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Holzner Executive Director | OfficerTrustee | 40 | $103,203 |
Rafael Jimenez-Flores President | OfficerTrustee | 1 | $0 |
Geoff Dahl Past President | OfficerTrustee | 1 | $0 |
Mike Schutz Treasurer | OfficerTrustee | 1 | $0 |
Jerry Bowman Executive Director - Adsa | OfficerTrustee | 1 | $0 |
Rich Erdman President-Elect | OfficerTrustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,224,059 |
| Investment income | $620 |
| 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 | $2,334,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,363 |
| Compensation of current officers, directors, key employees. | $13,182 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,230,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $326,906 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,091 |
| Fees for services: Accounting | $15,042 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,044 |
| Advertising and promotion | $838 |
| Office expenses | $9,409 |
| Information technology | $85,548 |
| Royalties | $0 |
| Occupancy | $128,777 |
| Travel | $502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,826 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,136 |
| Insurance | $23,447 |
| All other expenses | $24,673 |
| Total functional expenses | $2,349,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $763,049 |
| Savings and temporary cash investments | $187,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $204,219 |
| 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 | $110,314 |
| Net Land, buildings, and equipment | $1,440,723 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,736 |
| Total assets | $2,738,049 |
| Accounts payable and accrued expenses | $155,581 |
| 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 | $364,143 |
| Total liabilities | $519,724 |
| Net assets without donor restrictions | $2,218,325 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,738,049 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fass Inc Champaign, IL | $2,738,049 | $2,334,774 |
American Saddlebred Horse Association Inc Lexington, KY | $2,691,444 | $1,823,861 |
Bearing Specialists Association Glen Ellyn, IL | $444,792 | $1,248,054 |
Wisconsin State Horse Council Incorporated Columbus, WI | $2,198,959 | $1,909,508 |
American College Of Veterinary Pathologists Chicago, IL | $6,357,168 | $4,214,506 |
Animal Behavior Society Inc Glenview, IL | $2,680,141 | $618,698 |
Illinois State Veterinary Medical Association Springfield, IL | $1,296,779 | $730,828 |
North American Equine Ranching Information Council Inc Louisville, KY | $1,506,129 | $900,964 |
Wisconsin Veterinary Medical Association Madison, WI | $1,657,355 | $809,167 |
American Black Hereford Assoc Inc Jefferson City, MO | $258,791 | $632,944 |
International Slurry Seal Association Glen Ellyn, IL | $1,542,530 | $445,429 |
Bernese Mountain Dog Club Of America Anderson, IN | $412,958 | $376,060 |