Chemical Sources Association Inc

Nonprofit profile at a glance

EIN
237307293
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Neptune, NJ, USA
Phone
7329223008
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$142,435
Expenses
$122,449
Assets
$211,137
Liabilities
$37,635

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • PIERRE-JEAN HELLIVAN (PRESIDENT)

People named in this filing

  • JIM KAVANAUGH (CHAIRMAN)
  • PIERRE-JEAN HELLIVAN (PRESIDENT)
  • SARAH GUTIERREZ (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Chemical sources association, inc. (csa) is a corporation formed to encourage the development and supply, in research and development quantities, of planning and related raw materials for additives to foods, and to provide opportunities and information for its members and others to obtain research and development samples of said planning and related raw materials. Csa seeks sources of supply for rare raw materials in quantities sufficient to provide research and development samples, which may be utilizied in the food industry. Infomation obtained is shared with the membership and others to encourage research and promote availability of additional planning and related raw materials.

What it reported doing in 2024

Chemical resources association, inc (csa) is a corporation formed to encourage the development and supply, in research and development quantities, of planning and related raw materials for additives to foods, and to provide opportunities and information for its members and others to obtain research and development samples of said planning and related raw materials. Csa seeks sources of supply for rare raw materials in quantities sufficient to provide research and development samples, which may be utilizied in the food industry. Infomation obtained is shared with the membership and others to encourage research and promote availability of additional planning and related raw materials.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 90
  • Accountability: 6
  • Sustainability: 58
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.1%; rating input score 82
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 14%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 1.72; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 6% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 10.5% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 4% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 82.1% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 4 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $122K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.