Form 990 for tax year 2022

Filed by PMMI EDUCATION & TRAINING FOUNDATION.

Totals

Total revenue: $860,334
Total expenses: $860,332
Contributions and grants received: $831,531
Grants paid: $791,945
Program service revenue: $35,451
Investment income: $1,877
Other revenue: -$8,525
Total assets, end of year: $160,168
Total liabilities, end of year: $116,153
Net assets or fund balances, end of year: $44,015
Program services expenses (Part IX): $860,107
Management and general expenses: $225
Fundraising expenses: $0
Program service expenses (Part III): $860,107

Program services were 100.0% 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.

1c · Fundraising events

$65,038
1d · Related organizations

$761,393
1f · All other contributions, gifts and grants

$5,100
2a · Program service revenue: AMAZING PACKAGING RACE

total $30,600 · related or exempt $30,600
2b · Program service revenue: EDUCATION PARTNERS

total $4,851 · related or exempt $4,851
3 · Investment income

total $1,877 · excluded $1,877
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$65,038
8b · Fundraising events: direct expenses

$8,525
8c · Net income from fundraising events

total -$8,525 · excluded -$8,525

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $791,945 · program services $791,945
11f · Fees: investment management

total $225 · management and general $225
24a · Other expenses: SUMMER CAMPS

total $51,114 · program services $51,114
24b · Other expenses: AMAZING PACKAGING RACE

total $8,557 · program services $8,557
24c · Other expenses: FUTURE INNOVATORS

total $5,840 · program services $5,840
24d · Other expenses: OTHER EXPENSES

total $2,651 · program services $2,651

Balance sheet

Part X, book values.

4 · Accounts receivable

beginning of year $0 · end of year $6,900
9 · Prepaid expenses and deferred charges

beginning of year $10,000 · end of year $5,000
11 · Investments: publicly traded securities

beginning of year $92,073 · end of year $70,342
15 · Other assets

beginning of year $3,042 · end of year $77,926
17 · Accounts payable and accrued expenses

beginning of year $37,957 · end of year $72,721
19 · Deferred revenue

beginning of year $3,762 · end of year $43,432
27 · Net assets without donor restrictions

beginning of year -$28,672 · end of year -$26,327
28 · Net assets with donor restrictions

beginning of year $92,068 · end of year $70,342

Mission and programs · 2022

Mission

TO PROVIDE GRANTS AND SCHOLARSHIPS TO STUDENTS OF QUALIFIED TECHNICAL SCHOOLS AND UNIVERSITIES, AND TO EMPLOYEES OF THE PACKAGING MACHINERY MANUFACTURERS INSTITUTE'S MEMBER COMPANIES, FOR COMPLETION OF PACKAGING MACHINERY COURSEWORK OR RELATED ANCILLARY COURSES. PROVIDES GRANTS TO ORGANIZATIONS, TECHNICAL SCHOOLS AND UNIVERSITIES, THAT SUPPORT TRAINING OF THE CURRENT AND FUTURE INDUSTRY WORKFORCE.

Activities or mission (Part I)

PROVIDE GRANTS AND SCHOLARSHIPS TO STUDENTS OF QUALIFIED TECHNICAL SCHOOLS AND UNIVERSITIES, AND TO EMPLOYEES OF THE PACKAGING MACHINERY MANUFACTURERS INSTITUTE'S MEMBER COMPANIES, FOR COMPLETION OF PACKAGING MACHINERY COURSEWORK OR RELATED ANCILLARY COURSES. PROVIDES GRANTS TO ORGANIZATIONS, TECHNICAL SCHOOLS AND UNIVERSITIES, THAT SUPPORT TRAINING OF THE CURRENT AND FUTURE INDUSTRY WORKFORCE.

THE SKILLS FUNDS MATCH PMMI MEMBER DONATIONS TO STUDENT EDUCATIONAL PROGRAMS WITH THE GOAL OF CREATING OR STREGNTHENING BONDS BETWEEN THE PACKAGING AND PROCESSING INDUSTRY AND EDUCATIONAL INSTITUTIONS. THE SKILLS FUNDS MATCHES FINANCIAL AND EQUIPMENT DONATIONS FROM PMMI MEMBER COMPANIES. SUPPORTED EDUCATIONAL PROGRAMS INCLUDE BUT ARE NOT LIMITED TO: BUILDING STEM LABS; SUPPORTING STUDENT ROBOTICS TEAMS; STUDENT MANUFACTURING SUMMER CAMPS.

Expenses $587,893 · Grants $528,288 · Revenue $4,851
GRANTS AND SCHOLARSHIPS ARE PROVIDED TO STUDENTS OF QUALIFIED TECHNICAL SCHOOLS AND UNIVERSITIES, AND TO EMPLOYEES OF THE PACKAGING MACHINERY MANUFACTURERS INSTITUTE'S MEMBER COMPANIES, FOR COMPLETION OF PACKAGING MACHINERY COURSEWORK OR ANCILLARY COURSES. OVER THE PAST 24 YEARS, PMMI HAS PROVIDED MORE THAN $2.75 MILLION IN SCHOLARSHIP FUNDING THROUGH THE FOUNDATION AND SUPPORTING SCHOLARSHIP FUNDS.

Expenses $263,657 · Grants $263,657
INCORPORATING CHALLENGES AT 27 EXHIBITOR BOOTHS, THE FOUNDATION-SPONSORED "AMAZING PACKAGING RACE" PITS CLASSMATES AGAINST EACH OTHER IN A COMPETITION DESIGNED TO FAMILIARIZE STUDENTS WITH THE PACKAGING AND PROCESSING INDUSTRIES, AS WELL AS BREAKS DOWN THE WALL BETWEEN INDUSTRY AND EDUCATION. TEAMS MADE UP OF FOUR STUDENTS, EACH FROM A DIFFERENT SCHOOL, RACED FROM BOOTH TO BOOTH FOR MORE THAN 3 HOURS. PERFORMATIN CHALLENGES THAT RANGED FROM SHOOTING VIDEOS ABOUT INDUSTRY EDUCATION TO CHANGING PACK PATTERNS ON A CASE PACKER, CHALLENGES WERE ASSIGNED A POINT VALUE BASED ON THE DIFFICULTY OF THE TASK AND HOW LONG IT SHOULD TAKE TO COMPLETE IT.

Expenses $8,557 · Revenue $30,600

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Emmanuel CerfEMMANUEL CERF

CHAIRMAN

Total calculated

$0

Hours/week

2 + 2 related
Patricia AndersonPATRICIA ANDERSON

SECRETARY/TREASURER

Total calculated

$0

Hours/week

2 + 2 related
Mark AndersonMARK ANDERSON

IMMED. PAST CHAIR

Total calculated

$0

Hours/week

2 + 2 related
Rolando PenaROLANDO PENA

DIRECTOR

Total calculated

$0

Hours/week

2
Nancy WilsonNANCY WILSON

DIRECTOR

Total calculated

$0

Hours/week

2 + 2 related
Jim PittasJIM PITTAS

PRESIDENT & CEO PMMI

Total calculated

$1,023,784

From this org

$47,020

From related orgs

$893,389

Other

$83,375

Hours/week

2 + 38 related

Schedule J breakdown matched by us

Base

$33,497 + $636,434 related

Bonus

$4,900 + $93,109 related

Other

$8,623 + $163,846 related

Deferred

$2,499 + $47,481 related

Nontaxable benefits

$1,670 + $31,725 related

Filer's total

$51,189 + $972,595 related
Craig SilverioCRAIG SILVERIO

VP, FINANCE

Total calculated

$506,874

From this org

$21,668

From related orgs

$411,694

Other

$73,512

Hours/week

2 + 38 related

Schedule J breakdown matched by us

Base

$18,115 + $344,187 related

Bonus

$1,251 + $23,777 related

Other

$2,302 + $43,730 related

Deferred

$2,499 + $47,481 related

Nontaxable benefits

$1,177 + $22,355 related

Filer's total

$25,344 + $481,530 related

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

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
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)

PART I, LINE 1A:: THE PMMI FOUNDATION DID NOT PAY ANY PORTION OF THE COMPENSATION OF THOSE PERSONS LISTED IN PART VII AND SCHEDULE J; THEY WERE COMPENSATED BY THE PACKAGING MACHINERY MANUFACTURERS INSTITUTE, INC., A RELATED ORGANIZATION.
PART I, LINE 3:: PMMI, A RELATED ORGANIZATION, USES THE FOLLOWING PROCESS TO ESTABLISH THE COMPENSATION OF THE FOUNDATION'S CEO: THE RESPONSIBILITY FOR ASSESSING THE PRESIDENT AND CEO'S ANNUAL PERFORMANCE AND DETERMINING HIS ANNUAL PAY CHANGE IS THAT OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS (THE COMMITTEE). THE COMMITTEE USES A COMBINATION OF GOAL SETTING AND COMPETENCIES TO EVALUATE PERFORMANCE. THE ANNUAL PERFORMANCE CYCLE IS 12 MONTHS WITH TWO FORMAL MEETING EACH YEAR - PERFORMANCE FEEDBACK /PLANNING MEETING AND A MID CYCLE REVIEW. THE PERFORMANCE CYCLE COVERS A 12-MONTH PERIOD BEGINNING ON THE EMPLOYMENT ANNIVERSARY DATE EACH YEAR. THE CYCLE PROVIDES A CONTEXT FOR ALL WORK-RELATED PERFORMANCE AND BEHAVIOR. THE ACTIVITIES THAT OCCUR WITHIN THE CYCLE - PLANNING, OBSERVING AND REVIEWING PERFORMANCE, AND PROVIDING FEEDBACK - ARE ONGOING. THE PRESIDENT AND CEO DEVELOPS A PERFORMANCE PLAN WHICH IS SUBMITTED TO THE COMMITTEE FOR REVIEW AND APPROVAL. THE CHAIR OF THE EXECUTIVE COMMITTEE (THE CHAIR) COMMUNICATES WITH THE PRESIDENT AND CEO PERIODICALLY THROUGHOUT THE PERFORMANCE PERIOD TO DISCUSS THE ORGANIZATION'S RESULTS AND ADJUST THE PLAN AS NECESSARY. THE FORMAL EVALUATION BETWEEN THE PRESIDENT AND CEO AND THE COMMITTEE OCCURS AT THE END OF THE ANNUAL CYCLE. THE CHAIR IS RESPONSIBLE FOR MEETING WITH THE PRESIDENT AND CEO TO REVIEW HIS PERFORMANCE RESULTS AFTER COLLABORATION WITH THE COMMITTEE. THE FORMAL EVALUATION INCLUDES SUMMARIZING AND DOCUMENTING THE PRESIDENT AND CEO'S PERFORMANCE OVER THE PAST 12 MONTHS. THE COMMITTEE ACCESSES RESOURCES TO REVIEW THE EXTERNAL COMPETIVENESS OF THE PRESIDENT/CEO'S COMPENSATION PACKAGE IN THE CONTEXT OF THOSE PROVIDED TO EXECUTIVES IN COMPARABLE TRADE ASSOCIATIONS BASED ON INDUSTRY TYPE AND ANNUAL OPERATING BUDGETS. DATA IS COLLECTED REGULARLY TO ASSESS THE EXTERNAL COMPETIVENESS OF COMPENSATION FOR THE KEY EMPLOYEE POSITIONS. THIS DATA INCLUDES ANALYZING JOB CONTENT AND BENCHMARKING COMPENSATION FOR SIMILAR POSITIONS IN THE VARIOUS LABOR MARKETS IN WHICH THE ORGANIZATION COMPETES FOR EXECUTIVE TALENT. THIS INFORMATION IS UTILIZED TO OBTAIN CURRENT MARKET PAY DATA ACROSS THESE MARKETS FOR USE IN ESTABLISHING THE INTERNAL COMPENSATION STRUCTURE. ADDITIONAL BENCHMARKING DATA IS AVAILABLE TO THE COMMITTEE FROM OTHER SOURCES THAT HAVE COMPLETED A MARKET ANALYSIS BASED ON SURVEY RESULTS FROM DATA FROM COMPARABLE ORGANIZATIONS IN THE TRADE ASSOCIATION INDUSTRY.

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

No itemized grants to organizations on this return.

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.

PACKAGING MACHINERY MANUFACTURERS INSTITUTE

501(C)(6) · PROMOTING THE COMMON INTERESTS OF PMMI MEMBERS · VA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

EXPO PACK MEXICO SA DE CV

C · TRADE SHOW · MX

Directly controlled by PMMI

Provenance

Return type: form_990
Tax year: 2022
Filed: 9 November 2023
IRS schema version: 2022v5.0
Source object: 202303139349303650

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.