Nonprofit · EIN 13-1606491
FRICTION MATERIALS STANDARDS
Also known as INSTITUTE INC
Tax-exempt · AUBURN HILLS, MI 48326
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $738,661 | $771,049 | -$32,388 | $929,226 | $216,145 | $713,081 |
| December 31, 2023 | 990 | $618,367 | $705,043 | -$86,676 | $946,936 | $200,853 | $746,083 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $618,271
- Membership dues
- $618,271
- Program service revenue
- $0
- Investment income
- $32,268
- Net income from sales of inventory
- $79,219
- Other revenue
- $88,122
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $188,255
- Salaries, compensation and benefits (total)
- $205,839
- Professional fundraising fees
- $0
- Legal fees
- $57,257
- Accounting fees
- $21,873
- Occupancy
- $34,909
- Travel
- $16,794
- Depreciation
- $22,032
- Program services (functional)
- $351,327
- Management and general (functional)
- $419,722
Balance sheet and other
- Total assets, start of year
- $946,936
- Total assets, end of year
- $929,226
- Total liabilities, end of year
- $216,145
- Net assets, end of year
- $713,081
- Land, buildings and equipment
- $28,608
- Publicly traded securities
- $126,734
- Net assets without donor restrictions
- $311,638
- Net assets with donor restrictions
- $401,443
- Gross unrelated business income
- $8,903
- Gross receipts
- $738,661
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1948
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK OLIVETO | PRESIDENT Officer | 1 | $10,308 |
| GREG VYLETEL | DIRECTOR/SECOND VICE CHAIR Trustee or director | 0 | $0 |
| MARK PHIPPS | DIRECTOR Trustee or director | 0 | $0 |
| WILLIAM CARNEY | DIRECTOR/TREASURER Trustee or director, Officer | 0 | $0 |
| SKIP CARROLL | DIRECTOR/CHAIRMAN Trustee or director, Officer | 0 | $0 |
| STEVE BIRD | DIRECTOR/SECRETARY Trustee or director, Officer | 0 | $0 |
| JASON LANG | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 0 | $0 |
| ENRIQUE OROZCO | DIRECTOR Trustee or director | 0 | $0 |
| EARL GESCH | DIRECTOR Trustee or director | 0 | $0 |
| RAFAEL DI BUONO | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG VYLETEL | DIRECTOR Trustee or director | 0 | $0 |
| FRANK OLIVETO | DIRECTOR/PRESIDENT Trustee or director, Officer | 0 | $0 |
| MARK PHIPPS | DIRECTOR/CHAIRMAN Trustee or director, Officer | 0 | $0 |
| WILLIAM CARNEY | DIRECTOR/TREASURER Trustee or director, Officer | 0 | $0 |
| SKIP CARROLL | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 0 | $0 |
| KELISSON DE AZEVEDO | DIRECTOR/SECOND VICE CHAIRMAN Trustee or director, Officer | 0 | $0 |
| STEVE BIRD | SECRETARY Trustee or director, Officer | 0 | $0 |
| JASON LANG | DIRECTOR Trustee or director | 0 | $0 |
| ENRIQUE OROZCO | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3069 UNIVERSITY DR STE 210, AUBURN HILLS, MI 48326-2322
- Principal officer (990 for 2024)
- FRANK OLIVETO, 3069 UNIVERSITY DRIVE SUITE 210, AUBURN HILLS, MI 48326
- Signed the 990
- FRANK OLIVETO, PRESIDENT
- Phone
- (203) 245-8425
- Website
- WWW.FMSI.ORG
- Return prepared by
- BAILEY SCARANO LLC
Mission
COLLECT, CHARACTERIZE, AND COMMUNICATE TO FMSI MEMBERS THE VEHICLE MANUFACTURER OE SERVICE PRODUCT AND INCLUDE THIS IN THE FMSI'S STANDARDIZED PART NUMBERING SYSTEM
Program accomplishments
- THE INSTITUTE IS AN ASSOCIATION OF MANUFACTURERS OF AUTOMOTIVE FRICTION MATERIALS PRIMARILY FOR BRAKE LININGS AND CLUTCH FACINGS.Expenses $350,029
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-1606491
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1951
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U40Z)
- Assets (IRS master file)
- $929,226
- Income (IRS master file)
- $738,661
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $738,661 | $771,049 | $929,226 | XML |
| 990 | December 2023 | $618,367 | $705,043 | $946,936 | XML |
| 990 | December 2022 | $575,953 | $637,598 | $1,084,032 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-1606491).
Questions about FRICTION MATERIALS STANDARDS
- What is the EIN of FRICTION MATERIALS STANDARDS?
- The employer identification number (EIN) of FRICTION MATERIALS STANDARDS is 13-1606491.
- Is FRICTION MATERIALS STANDARDS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1951.
- Are donations to FRICTION MATERIALS STANDARDS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FRICTION MATERIALS STANDARDS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRICTION MATERIALS STANDARDS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRICTION MATERIALS STANDARDS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FRICTION MATERIALS STANDARDS?
- The 990 for the year ended December 31, 2024 names FRANK OLIVETO.
- Who are the officers and directors of FRICTION MATERIALS STANDARDS?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $10,308 (FRANK OLIVETO, PRESIDENT).
- How much revenue does FRICTION MATERIALS STANDARDS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $738,661, expenses of $771,049 and total assets of $929,226 at year end.
Other nonprofits in AUBURN HILLS
- CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN EIN 38-1445060 · last filed 990 for 2025
- EASTERSEALS MORC HEALTH CARE INC EIN 38-1402860 · last filed 990 for 2025
- CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN EIN 38-1418001 · last filed 990 for 2024
- CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN EIN 38-1448844 · last filed 990 for 2025
- NEW HORIZONS REHABILITATION SERVICES INC EIN 38-1748781 · last filed 990 for 2025
- MORC HOME CARE INC EIN 20-2978273 · last filed 990 for 2025
- FCA US LLC HEALTH CARE BENEFITS PLAN EIN 38-2968384 · last filed 990 for 2024
- OAKLAND CHRISTIAN SCHOOL EIN 38-1881948 · last filed 990 for 2025
All nonprofits in AUBURN HILLS · Michigan · Science and technology