Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $2,962,683 · related or exempt $2,962,683

• 2b · Program service revenue: MEETINGS

  total $150,812 · related or exempt $150,812

• 3 · Investment income

  total $44,427 · excluded $44,427

• 7a · Gross sales of assets other than inventory

  securities $23,333 · other assets $57,680

• 7b · Less cost or other basis and sales expenses

  securities $0 · other assets $58,680

• 7c · Gain or loss

  securities $23,333 · other assets -$1,000

• 7d · Net gain or loss

  total $22,333 · related or exempt -$1,000 · excluded $23,333

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $268,450

• 5 · Compensation of officers, directors and key employees

  total $227,691

• 7 · Other salaries and wages

  total $339,857

• 8 · Pension plan contributions

  total $20,285

• 9 · Other employee benefits

  total $21,274

• 10 · Payroll taxes

  total $27,450

• 11b · Fees: legal

  total $68,338

• 11c · Fees: accounting

  total $45,409

• 13 · Office expenses

  total $9,843

• 14 · Information technology

  total $14,657

• 16 · Occupancy

  total $12,395

• 17 · Travel

  total $24,586

• 19 · Conferences, conventions and meetings

  total $151,551

• 22 · Depreciation, depletion and amortization

  total $791

• 23 · Insurance

  total $7,948

• 24a · Other expenses: STEWARDSHIP EXPENSES

  total $1,211,465

• 24b · Other expenses: PUBLIC AFFAIRS AND PROM

  total $176,639

• 24c · Other expenses: OTHER MGMNT & GENERAL

  total $47,152

• 24d · Other expenses: OTHER PROGRAM SERVICES

  total $6,894

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $32,573 · end of year $172,462

• 2 · Savings and temporary cash investments

  beginning of year $598,913 · end of year $0

• 4 · Accounts receivable

  beginning of year $152,497 · end of year $19,843

• 9 · Prepaid expenses and deferred charges

  beginning of year $52,432 · end of year $16,272

• 10a · Land, buildings and equipment: cost or other basis

  $0

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $790 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $3,292,601 · end of year $3,617,972

• 15 · Other assets

  beginning of year $2,931

• 17 · Accounts payable and accrued expenses

  beginning of year $362,838 · end of year $224,497

• 18 · Grants payable

  end of year $90,000

• 19 · Deferred revenue

  beginning of year $454,725 · end of year $140,685

• 27 · Net assets without donor restrictions

  beginning of year $3,315,174 · end of year $3,371,367

The filer's explanations (Part III)

PART I, LINE 3

PROCESS FOR DETERMINING COMPENSATION POLICY THIS POLICY ON THE PROCESS OF DETERMINING COMPENSATION OF THE FOODSERVICE PACKAGING INSTITUTE, INC. (FPI) APPLIES TO THE COMPENSATION OF FPI'S PRESIDENT.THE PROCESS INCLUDES ALL OF THE ELEMENTS: 1. REVIEW AND APPROVAL: THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY FPI'S BOARD OF DIRECTORS, BASED ON RECOMMENDATIONS BY THE COMPENSATION COMMITTEE (COMPRISED OF FPI'S CHAIR, VICE CHAIR AND IMMEDIATE PAST CHAIR), PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED WITH THIS REVIEW AND APPROVAL. 2. USE OF DATA AS TO COMPARABLE COMPENSATION: THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING:THERE IS CONTEMPORANEOUS DOCUMENATION AND RECORDKEEPING WITH RESPECT TO DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT.