Plastics Industry Association Inc
- Assets
- $39.6m
- Revenue
- $33.7m
- Investments
- $14.4m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/1941
- Data as of
- 12/2022
- EIN
- 13-1325282
Organization Overview
Plastics Industry Association Inc is located in Washington, DC. The organization was established in 1941. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plastics Industry Association 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 12/2022, Plastics Industry Association Inc generated $33.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $18.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT, PROMOTE, AND GROW THE PLASTICS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLANNING, ORGANIZATION, FACILITATION AND EXECUTION OF ASSOCIATION EVENTS, CONFERENCES, TRADE SHOWS AND INDUSTRY CONVENINGS TO BENEFIT THE OVERALL MISSION OF PLASTICS. TO PROMOTE AND GROW THE PLASTICS INDUSTRY, PLASTICS OFFERS EDUCATIONAL AND INFORMATIVE PROFESSIONAL OPPORTUNITIES AND SELECTIVE CONVENING LOCALES FOR INDUSTRY EXECUTIVES AND TEAMS. ASSOCIATION EVENTS ALSO SERVE AS REGULARLY SCHEDULED FORUMS FOR EXECUTIVE BOARD MEMBERS, LEADERSHIP, PLASTICS' GOVERNING BODIES, AND COMMITTEES TO EXECUTE THE POLICY AGREEMENTS, BUDGET PRIORITY REVIEWS AND ORGANIZATIONAL PERFORMANCE PLANS FOR THE ASSOCIATION.
ENGAGEMENT, MANAGEMENT, AND ENHANCEMENT FOR CURRENT ASSOCIATION MEMBERSHIP, INCLUDING INITIATIVES THAT CONNECT THE PLASTICS VALUE CHAIN AND DRIVE GROWTH AND BUSINESS DEVELOPMENT OPPORTUNITIES FOR COMPANIES AND MANAGEMENT. RECRUITMENT OF NEW MEMBERSHIP THROUGH OUTREACH AND INTERACTION WITH CURRENT PLASTICS MEMBERSHIP, ENGAGEMENT THROUGHOUT INDUSTRY EVENTS AND MEMBER FACILITIES, ACTIVE PARTICIPATION IN THOUGHT LEADERSHIP AND INDUSTRY INSTITUTIONS AND CREATION OF COLLABORATIVE PROGRAMMING.
EXECUTION OF ADVOCACY EFFORTS ON BEHALF OF THE PLASTICS INDUSTRY, REPRESENTING ONE MILLION WORKERS IN THE UNITED STATES, TO ADVANCE POLICIES IN SUPPORT OF RECYCLING AND SUSTAINABILITY INITIATIVES, A MORE GLOBALLY COMPETITIVE ECONOMY, AND EFFECTIVE, FAIR REGULATIONS, STANDARDS AND POLICIES. THE PROMOTION OF EXPANSIVE PROGRAMMING IN POLICY, REGULATORY AND LEGISLATIVE ARENAS TO ENHANCE THE PUBLIC AWARENESS OF INDUSTRY SCIENCE AND INVESTMENTS SURROUNDING RECYCLING, SUSTAINABILITY, CIRCULARITY. MESSAGE AMPLIFICATION AND EDUCATION OF THE FACTS AND RESEARCH AVAILABLE TO ENHANCE AND INFORM THOSE INVOLVED IN THE LEGISLATIVE PROCESS AS TO THE ADVANTAGES, SAFETY, ENERGY CAPABILITIES AND EMISSION REDUCTION AND ENVIRONMENTAL PREFERENCE THAT OCCURS THROUGH THE USE OF PLASTICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tad A Mcgwire Chair | OfficerTrustee | 3 | $0 |
Jamie A Clark Vice Chair | OfficerTrustee | 3 | $0 |
Phillip E Wilson Immediate Past Chair | OfficerTrustee | 3 | $0 |
Jon Ratzlaff Treasurer | OfficerTrustee | 3 | $0 |
Steven D London Secretary | OfficerTrustee | 3 | $0 |
Holli Alexander Officer-At-Large | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keller & Heckman Legal | 12/30/22 | $823,893 |
Gunther Hoyt & Associates Consultant Fees | 12/30/22 | $339,032 |
Vault Consulting Llc Consultant Fees | 12/30/22 | $227,982 |
Fti Consulting Inc Consultant Fees | 12/30/22 | $205,074 |
Hellios Hr Llc Consultant Fees | 12/30/22 | $176,320 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,032,046 |
| 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 | $1,032,046 |
| Total Program Service Revenue | $9,679,284 |
| Investment income | $269,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,329 |
| Net Rental Income | $116,743 |
| Net Gain/Loss on Asset Sales | $1,179,813 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,250 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,723,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,285,610 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,010,704 |
| Pension plan accruals and contributions | $237,313 |
| Other employee benefits | $24,430 |
| Payroll taxes | $1,049,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,267,453 |
| Fees for services: Accounting | $37,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $168,529 |
| Fees for services: Other | $2,801,940 |
| Advertising and promotion | $612,821 |
| Office expenses | $146,010 |
| Information technology | $975,279 |
| Royalties | $0 |
| Occupancy | $1,149,554 |
| Travel | $574,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,640,346 |
| Interest | $94,474 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $245,330 |
| Insurance | $96,434 |
| All other expenses | $273,867 |
| Total functional expenses | $18,111,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,320,134 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,137,978 |
| 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 | $1,570,333 |
| Net Land, buildings, and equipment | $1,582,093 |
| Investments—publicly traded securities | $12,601,586 |
| Investments—other securities | $14,383,128 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,052,999 |
| Total assets | $39,648,251 |
| Accounts payable and accrued expenses | $4,115,081 |
| Grants payable | $0 |
| Deferred revenue | $16,039,942 |
| 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 | $13,213,046 |
| Total liabilities | $33,368,069 |
| Net assets without donor restrictions | $6,280,182 |
| 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 | $39,648,251 |