Consortium for Research on Renewable Industrial Materials

Nonprofit profile at a glance

EIN
911744259
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Corvallis, OR, USA
Phone
5412312627
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Research Institutes and Public Policy Analysis

Reported finances

Revenue
$2,379,626
Expenses
$1,055,585
Assets
$2,503,864
Liabilities
$981,991

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

Leadership & pay

18 people listed

Executive titles in this filing

  • INDRONEIL GANGULY (PRESIDENT)

Highest reported compensation

  • MAUREEN PUETTMANN (OPERATIONS D): $42,551 total reported compensation
  • ELAINE ONEIL (DIRECTOR OF): $33,908 total reported compensation

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

Overview

Mission

The consortium for research on renewable industrial material's (corrim) mission seeks to establish, support and manage research, and education programs related to the production, use, and final disposal of wood products including forestry operations and liquid and solid cellulosic fuels. Corrim's research focuses on the environmental impact through the life span of these products including energy use, resource consumptions, and environmental releases in the form of air and water emmissions, and solid waste. Corrim's goals are to create and maintain wood production databases that evaluate the environmental impacts of wood products and alternative non-wood-based materials from resource extraction to disposal. Corrim has produced guidelines for evaluating environmental impacts specific to forestry operation and wood production to be used in conjunction with international standards for performing life cyccle assessment. The intent is to provide data for many users including wood product ma

What it reported doing in 2024

The consortium of research on renewable industry materials (corrim, www.corrim.org) conducts and manages research using life cycle assessment (lca) methodologies and repoting on the envionmental impacts of wood production, use and disposal. Corrim is represented by 19 current board members, including a president, vice president, director of operations, and a director of science and sustainability. For over 20 years, leading experts in wood products production and forestry operations representing 20 research institutions, govermnennt agencies, and associations have been involved in corrim lca studies. Corrim has over 60 published lca reports representing four us wood producing regions which includes 15 different types of wood products. With well over 100 published reports, papers, and fact sheets, corrim is the "go to place for wood life cycle assessments". Corrim researchers have strong qualifications in industry surveys (primary data collection), lca software applications (simapro), lca standards, and and environmental product declarations standards and development.

Operating model

Revenue model
Grant-funded. 84% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 93% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 94
  • Accountability: 70
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 42.1%; rating input score 42
  • Program expense ratio: 94.8%; rating input score 95
  • Fundraising efficiency: $150.52 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • 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: 55.6%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 2.37; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.39; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 7.2%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: 6.2% per year; rating input score 100; 46th percentile among comparable filings
  • Revenue growth: 14.9% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 4.9% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: 42.1% of revenue deployed · 94.8% of spending went to programs
  • Governance: 16 of 16 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1M in reported program spending
  • Leadership: top reported pay $43K · 18 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes major donors and grants
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.
  • Moderate — Sustainability: Officer compensation ratio scored 40/100.