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Nonprofiteer
← FOODSERVICE PACKAGING INSTITUTE INC

Form 990 for tax year 2023

Filed by FOODSERVICE PACKAGING INSTITUTE INC.

Totals

Total revenue
$3,218,116
Total expenses
$3,507,424
Contributions and grants received
$0
Grants paid
$246,706
Program service revenue
$3,050,935
Investment income
$167,181
Other revenue
$0
Total assets, end of year
$3,639,073
Total liabilities, end of year
$398,096
Net assets or fund balances, end of year
$3,240,977
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $2,892,992 · related or exempt $2,892,992

  • 2b · Program service revenue: MEETINGS

    total $157,943 · related or exempt $157,943

  • 3 · Investment income

    total $98,329 · excluded $98,329

  • 7a · Gross sales of assets other than inventory

    securities $633,399 · other assets $153,500

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

    securities $565,547 · other assets $152,500

  • 7c · Gain or loss

    securities $67,852 · other assets $1,000

  • 7d · Net gain or loss

    total $68,852 · related or exempt $1,000 · excluded $67,852

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $246,706

  • 5 · Compensation of officers, directors and key employees

    total $250,744

  • 7 · Other salaries and wages

    total $424,268

  • 8 · Pension plan contributions

    total $23,820

  • 9 · Other employee benefits

    total $24,382

  • 10 · Payroll taxes

    total $30,726

  • 11b · Fees: legal

    total $68,133

  • 11c · Fees: accounting

    total $43,954

  • 13 · Office expenses

    total $9,425

  • 14 · Information technology

    total $16,133

  • 17 · Travel

    total $17,564

  • 19 · Conferences, conventions and meetings

    total $148,438

  • 22 · Depreciation, depletion and amortization

    total $437

  • 23 · Insurance

    total $9,283

  • 24a · Other expenses: STEWARDSHIP EXPENSES

    total $1,984,494

  • 24b · Other expenses: PUBLIC AFFAIRS AND PROM

    total $167,317

  • 24c · Other expenses: OTHER MGMNT & GENERAL

    total $38,516

  • 24d · Other expenses: OTHER PROGRAM SERVICES

    total $3,084

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $299,188 · end of year $232,993

  • 2 · Savings and temporary cash investments

    beginning of year $1,903,454 · end of year $1,500,314

  • 4 · Accounts receivable

    beginning of year $19,843 · end of year $62,108

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,272 · end of year $32,361

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

    $2,382

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

    $437

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $1,945

  • 11 · Investments: publicly traded securities

    beginning of year $1,587,792 · end of year $1,809,352

  • 17 · Accounts payable and accrued expenses

    beginning of year $224,497 · end of year $313,410

  • 18 · Grants payable

    beginning of year $90,000 · end of year $41,850

  • 19 · Deferred revenue

    beginning of year $140,685 · end of year $42,836

  • 27 · Net assets without donor restrictions

    beginning of year $3,371,367 · end of year $3,240,977

Mission and programs · 2023

Mission

TO EXPAND THE ACCEPTANCE & PROMOTE THE BENEFITS OF FOODSERVICE PACKAGING; PROTECT MANUFACTURING OF FOODSERVICE PACKAGING FROM UNWARRANTED INTRUSION BY GOVERNMENTS; EDUCATE MEMBERS ABOUT MARKET TRENDS AND OPPORTUNITIES; AND PROVIDE LEGAL FORUM TO DISCUSS ISSUES RELEVANT TO THE SUPPLY CHAIN.

Activities or mission (Part I)

TO EXPAND ACCEPTANCE & PROMOTE THE BENEFITS OF FOODSERVICE PACKAGING; PROTECT MANUFACTURING OF FOODSERVICE PACKAGING FROM UNWARRANTED INTRUSION BY GOVERNMENT.

  • STEWARDSHIP (RECOVERY AND LITTER) - THIS PROGRAM BRINGS MEMBERS TOGETHER TO WORK COLLABORATIVELY TO CREATE SOLUTIONS FOR THE RECOVERY AND PROCESSING OF USED PAPER AND PLASTIC FOODSERVICE PACKAGING.

  • PUBLIC AFFAIRS - THE INSTITUTE ADVOCATES FOR A FREE MARKET, WITHOUT LAWS OR REGULATIONS THAT WOULD LIMIT THE RESPONSIBLE MANUFACTURE, DISTRIBUTION, USE AND DISPOSAL OF FOODSERVICE PACKAGING.

  • MEETINGS -THE INSTITUTE BRINGS MEMBERS AND THE ENTIRE SUPPLY CHAIN TOGETHER. THE PROGRAM IS DESIGNED TO BE RICH IN CONTENT ABOUT ISSUES AND CONCERNS CONFRONTING THE INDUSTRY AND ITS EXECUTIVES.

  • - MEMBERSHIP - THE INSTITUTE REACHES OUT TO POTENTIAL MEMBER COMPANIES TO DETERMINE INTEREST IN JOINING THE ASSOCIATION.- COMMUNICATIONS - THE INSTITUTE SERVES AS THE VOICE OF THE INDUSTRY IN A WIDE VARIETY OF PUBLIC ARENAS. THE OBJECTIVE OF THESE EFFORTS IS TO PROMOTE A CLEAR UNDERSTANDING OF THE INDUSTRY'S PRODUCTS AND THE ADVANTAGES OF THEIR USE TOAUDIENCES AS DIVERSE AS THE MEDIA, CUSTOMERS, EDUCATORS AND THE GENERAL PUBLIC.- TECHNICAL AFFAIRS - THE INSTITUTE CONDUCTS RESEARCH ON TECHNICAL STANDARDS AND ISSUES AFFECTING THE INDUSTRY.- OUTREACH - THE INSTITUTE COLLABORATES, WHERE APPROPRIATE, WITH ALLIED ORGANIZATIONS ON LEGISLATIVE AND REGULATORY INITIATIVES, AND OTHER INITIATIVES.- RESEARCH - THE INSTITUTE REGULARLY CONDUCTS SURVEYS AND RESEARCH PROJECTS TO KEEP MEMBERS INFORMED ON INDUSTRY ISSUES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Craig Glaser

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Eric Wulf

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Stacy

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ann O' Hara

    SECOND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Ulowetz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phil Rozenski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rick Everest

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Hansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Haverstick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Klakulak-Sclafani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Novak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Whiteman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Natha Dempsey

    PRESIDENT

    Total calculated
    $250,744
    From this org
    $219,215
    From related orgs
    $0
    Other
    $31,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,215
    Bonus
    $0
    Other
    $0
    Deferred
    $21,922
    Nontaxable benefits
    $9,607
    Filer's total
    $250,744

  • Ashely Elzinga

    DIRECTOR OF SUSTAINABILITY & OUTREACH

    Total calculated
    $129,057
    From this org
    $109,607
    From related orgs
    $0
    Other
    $19,450
    Hours/week
    40

  • Jennifer Goldman

    DIRECTOR OF MEETINGS & OPERATIONS

    Total calculated
    $132,523
    From this org
    $107,162
    From related orgs
    $0
    Other
    $25,361
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • SOUTH SUBURBAN COLLEGE

    $50,000

    FOAM DENSIFIER TO ACCEPT FOAM FOR RECYCLING

  • GEAUGA-TRUMBULL

    $50,000

    FOAM DENSIFIER TO ACCEPT FOAM FOR RECYCLING

  • CITY OF HIGH POINT

    $49,250

    FOAM DENSIFIER TO ACCEPT FOAM FOR RECYCLING

  • VILLAGE OF MOUNT PROSPECT PUBLIC WORKS DEPARTMENT

    $49,029

    FOAM DENSIFIER TO ACCEPT FOAM FOR RECYCLING

  • THE FOAM RECYCLER

    $38,800

    FOAM DENSIFIER TO ACCEPT FOAM FOR RECYCLING

  • UNIVERSITY OF NORTH CAROLINA WILMINGTON

    $9,627

    STYROFOAM RECYCLING COALITION EXPA BANNER

Provenance

Return type
form_990
Tax year
2023
Filed
20 September 2024
IRS schema version
2023v5.1
Source object
202422779349300247

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