Foodservice Packaging Institute Inc
- Assets
- $3.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Falls Church, VA
- Founding
- 08/1935
- Data as of
- 12/2023
- EIN
- 13-0612120
Organization Overview
Foodservice Packaging Institute Inc is located in Falls Church, VA. The organization was established in 1935. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Foodservice Packaging Institute Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foodservice Packaging Institute Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Foodservice Packaging Institute Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 12.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Foodservice Packaging Institute Inc has awarded 28 individual grants totaling $1,119,597. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPAND ACCEPTANCE & PROMOTE THE BENEFITS OF FOODSERVICE PACKAGING; PROTECT MANUFACTURING OF FOODSERVICE PACKAGING FROM UNWARRANTED INTRUSION BY GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
- 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.
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Glaser Chair | OfficerTrustee | 1 | $0 |
Eric Wulf Immediate Past Chair | Trustee | 1 | $0 |
Jeff Stacy First Vice Chair | OfficerTrustee | 1 | $0 |
Ann O' Hara Second Vice Chair | OfficerTrustee | 1 | $0 |
John Ulowetz Director | Trustee | 1 | $0 |
Phil Rozenski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,050,935 |
| Investment income | $98,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,852 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,218,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $246,706 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $250,744 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $424,268 |
| Pension plan accruals and contributions | $23,820 |
| Other employee benefits | $24,382 |
| Payroll taxes | $30,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,133 |
| Fees for services: Accounting | $43,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,425 |
| Information technology | $16,133 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,564 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $148,438 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $437 |
| Insurance | $9,283 |
| All other expenses | $0 |
| Total functional expenses | $3,507,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,993 |
| Savings and temporary cash investments | $1,500,314 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,361 |
| Net Land, buildings, and equipment | $1,945 |
| Investments—publicly traded securities | $1,809,352 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,639,073 |
| Accounts payable and accrued expenses | $313,410 |
| Grants payable | $41,850 |
| Deferred revenue | $42,836 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $398,096 |
| Net assets without donor restrictions | $3,240,977 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,639,073 |
Grants Awarded
Over the last fiscal year, Foodservice Packaging Institute Inc has awarded $246,706 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NORTH CAROLINA WILMINGTON PURPOSE: STYROFOAM RECYCLING COALITION EXPA BANNER | $9,627 |
VILLAGE OF MOUNT PROSPECT PUBLIC WORKS DEPARTMENT PURPOSE: FOAM DENSIFIER TO ACCEPT FOAM FOR RECYCLING | $49,029 |
THE FOAM RECYCLER PURPOSE: FOAM DENSIFIER TO ACCEPT FOAM FOR RECYCLING | $38,800 |
CITY OF HIGH POINT PURPOSE: FOAM DENSIFIER TO ACCEPT FOAM FOR RECYCLING | $49,250 |
SOUTH SUBURBAN COLLEGE PURPOSE: FOAM DENSIFIER TO ACCEPT FOAM FOR RECYCLING | $50,000 |
GEAUGA-TRUMBULL PURPOSE: FOAM DENSIFIER TO ACCEPT FOAM FOR RECYCLING | $50,000 |