Form 990 for tax year 2023
Filed by PAPER TECHNOLOGY FOUNDATION INC.
Totals
- Total revenue
- $1,138,376
- Total expenses
- $799,832
- Contributions and grants received
- $873,867
- Grants paid
- $312,806
- Program service revenue
- $0
- Investment income
- $258,958
- Other revenue
- $5,551
- Total assets, end of year
- $6,423,771
- Total liabilities, end of year
- $4,958
- Net assets or fund balances, end of year
- $6,418,813
- Program services expenses (Part IX)
- $501,231
- Management and general expenses
- $96,579
- Fundraising expenses
- $202,022
- Program service expenses (Part III)
- $501,231
Program services were 62.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1d · Related organizations
$42,526
-
1f · All other contributions, gifts and grants
$831,341
-
3 · Investment income
total $114,896 · excluded $114,896
-
7a · Gross sales of assets other than inventory
securities $144,062
-
7c · Gain or loss
securities $144,062
-
7d · Net gain or loss
total $144,062 · excluded $144,062
-
11a · Other revenue: MISCELLANEOUS
total $5,551 · excluded $5,551
-
11e · Other revenue, total
$5,551
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $312,806 · program services $312,806
-
7 · Other salaries and wages
total $211,451 · program services $179,563 · management and general $21,325 · fundraising $10,563
-
11a · Fees: management
total $55,000 · program services $8,250 · management and general $16,500 · fundraising $30,250
-
11f · Fees: investment management
total $135,500 · fundraising $135,500
-
11g · Fees: other
total $8,578 · program services $612 · management and general $7,930 · fundraising $36
-
13 · Office expenses
total $25,002 · management and general $23,962 · fundraising $1,040
-
17 · Travel
total $37,897 · management and general $13,264 · fundraising $24,633
-
19 · Conferences, conventions and meetings
total $11,920 · management and general $11,920
-
23 · Insurance
total $1,678 · management and general $1,678
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $250,398 · end of year $481,425
-
2 · Savings and temporary cash investments
beginning of year $10,353 · end of year $12,040
-
3 · Pledges and grants receivable
beginning of year $44,791 · end of year $299,270
-
10a · Land, buildings and equipment: cost or other basis
$21,513
-
10c · Land, buildings and equipment, net
beginning of year $25,401 · end of year $21,513
-
11 · Investments: publicly traded securities
beginning of year $3,297,172 · end of year $3,492,593
-
12 · Investments: other securities
beginning of year $2,130,220 · end of year $2,116,930
-
17 · Accounts payable and accrued expenses
beginning of year $4,658 · end of year $4,958
-
27 · Net assets without donor restrictions
beginning of year $639,459 · end of year $495,244
-
28 · Net assets with donor restrictions
beginning of year $5,114,218 · end of year $5,923,569
Mission and programs · 2023
Mission
TO PROVIDE LEADERSHIP AND SUPPORT TO WESTERN MICHIGAN UNIVERSITY AND THE DEPARTMENT OF CHEMICAL AND PAPER ENGINEERING TO DEVELOP MOTIVATED GRADUATES IN ORDER TO ADVANCE THE GLOBAL PULP AND PAPER INDUSTRY.
Activities or mission (Part I)
TO SUPPORT PAPER ENGINEERING AT WESTERN MICHIGAN UNIVERSITY. THE PAPER TECHNOLOGY FOUNDATION, INC. SUPPORTS UNDERGRADUATE STUDENT DEVELOPMENT BY PROVIDING SCHOLARSHIPS AND BY FUNDING PROFESSIONAL INDUSTRY CONFERENCE ATTENDANCE, PROFESSIONAL AND PERSONAL DEVELOPMENT TRAINING SESSIONS, NETWORKING AND MENTORING EVENTS WITH INDUSTRY LEADERS, CAREER DEVELOPMENT, AND INDUSTRY FIELD TRIPS AND MILL TOURS.
-
TO SUPPORT PAPER ENGINEERING AT WESTERN MICHIGAN UNIVERSITY. THE PAPER TECHNOLOGY FOUNDATION, INC. SUPPORTS UNDERGRADUATE STUDENT DEVELOPMENT BY PROVIDING SCHOLARSHIPS AND BY FUNDING PROFESSIONAL INDUSTRY CONFERENCE ATTENDANCE, PROFESSIONAL AND PERSONAL DEVELOPMENT TRAINING SESSIONS, NETWORKING AND MENTORING EVENTS WITH INDUSTRY LEADERS, CAREER DEVELOPMENT, AND INDUSTRY FIELD TRIPS AND MILL TOURS.
Expenses $501,231 · Grants $312,806
As filed on the 2023 return.
Listed in Part VII
-
Steve MyersSTEVE MYERS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Thomas DavidTHOMAS DAVID
PRESIDENT -
- Total calculated
- $0
- Hours/week
- 1
-
Janice J Van Der KleyJANICE J VAN DER KLEY
TREASURER
- Total calculated
- $348,746
- From this org
- $0
- From related orgs
- $302,162
- Other
- $46,584
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $295,293 related
- Bonus
- not reported
- Other
- not reported + $6,869 related
- Deferred
- not reported + $32,482 related
- Nontaxable benefits
- not reported + $14,102 related
- Filer's total
- not reported + $348,746 related
-
Colleen ScarffCOLLEEN SCARFF
ASST. TREASU
- Total calculated
- $250,616
- From this org
- $0
- From related orgs
- $210,584
- Other
- $40,032
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $205,781 related
- Bonus
- not reported
- Other
- not reported + $4,803 related
- Deferred
- not reported + $22,636 related
- Nontaxable benefits
- not reported + $17,396 related
- Filer's total
- not reported + $250,616 related
-
Mark ZempelMARK ZEMPEL
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Leslie McLainLESLIE MCLAIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Edward B MontgomeryEDWARD B MONTGOMERY
TRUSTEE (EX-
- Total calculated
- $591,450
- From this org
- $0
- From related orgs
- $517,639
- Other
- $73,811
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $500,073 related
- Bonus
- not reported
- Other
- not reported + $17,566 related
- Deferred
- not reported + $55,008 related
- Nontaxable benefits
- not reported + $18,803 related
- Filer's total
- not reported + $591,450 related
-
Steve ButtSTEVE BUTT
TRUSTEE
- Total calculated
- $341,786
- From this org
- $0
- From related orgs
- $292,291
- Other
- $49,495
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $291,811 related
- Bonus
- not reported
- Other
- not reported + $480 related
- Deferred
- not reported + $32,099 related
- Nontaxable benefits
- not reported + $17,396 related
- Filer's total
- not reported + $341,786 related
-
Chris WetherfordCHRIS WETHERFORD
TRUSTEE (PAR
- Total calculated
- $0
- Hours/week
- 1
-
Mike FarrellMIKE FARRELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Calvin BembryCALVIN BEMBRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert A HansenROBERT A HANSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeff EsserJEFF ESSER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nick KapsaNICK KAPSA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kurt MehlbergKURT MEHLBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Greg WelschGREG WELSCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Larry AnkerLARRY ANKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William ConeWILLIAM CONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alan ReynoldsALAN REYNOLDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Derek DepuydtDEREK DEPUYDT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James GuntherJAMES GUNTHER
TRUSTEE (PAR
- Total calculated
- $0
- Hours/week
- 1
-
Derek MaddoxDEREK MADDOX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Erik StanderferERIK STANDERFER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Meggan Hostetler-SchrockMEGGAN HOSTETLER-SCHROCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul BarreraPAUL BARRERA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bryan MooreBRYAN MOORE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Matt EricksonMATT ERICKSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark ComensoliMARK COMENSOLI
TRUSTEE (PAR
- Total calculated
- $0
- Hours/week
- 1
-
Paul DehaanPAUL DEHAAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Josh JelenekJOSH JELENEK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David ScottDAVID SCOTT
TRUSTEE (PAR
- Total calculated
- $0
- Hours/week
- 1
-
James CatabiaJAMES CATABIA
TRUSTEE (PAR
- Total calculated
- $0
- Hours/week
- 1
-
Bob FieckBOB FIECK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark KowlzanMARK KOWLZAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Krista GadzalaKRISTA GADZALA
TRUSTEE (PAR
- Total calculated
- $0
- Hours/week
- 1
-
Kraig MelinKRAIG MELIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Leo Bisch IIILEO BISCH III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Eric BockERIC BOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charles DetiegeCHARLES DETIEGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott VarneySCOTT VARNEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Todd PiwowarTODD PIWOWAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nate RidingsNATE RIDINGS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tim HagenbuchTIM HAGENBUCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vinny KrellVINNY KRELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PAGE 1, PART I, LINE 4
- EDWARD B. MONTGOMERY 0 27,000 0
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
-
WESTERN MICHIGAN UNIVERSITY FOUNDAT
$312,806
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
WESTERN MICHIGAN UNIVERSITY
115 · UNIVERSITY · MI
Directly controlled by NA N/A
-
WESTERN MICHIGAN UNIVERSITY FND
501C3 · INVESTMENT · MI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202433169349301958
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