Technical Association Of The Pulp & Paper Industry Inc
- Assets
- $28.8m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 48
- Location
- Peachtree Corners, GA
- Founding
- 02/1970
- Data as of
- 08/2023
- EIN
- 13-1370140
Organization Overview
Technical Association Of The Pulp & Paper Industry Inc, operating under the name Tappi, is located in Peachtree Corners, GA. The organization was established in 1970. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 08/2023, Tappi employed 48 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Tappi is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Tappi generated $12.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $11.4m during the year ending 08/2023. While expenses have increased by 4.2% per year over the past 8 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARY EXEMPT PURPOSE IS TO SERVE AS A FOCAL POINT FOR THE GENERATION AND DISSEMINATION OF TECHNICAL INFORMATION WITHIN THE PULP AND PAPER INDUSTRY.
Describe the Organization's Program Activity:
EVENTS AND STUDENT SUMMIT TAPPI HOSTS TECHNICAL CONFERENCES AND COURSES. THERE IS A WIDE SPECTRUM OF SUBJECT MATTER FOR ALL MEMBERS. IN CONNECTION WITH SOME OF THE LARGER MEETINGS, TAPPI ORGANIZES EXHIBITS OF THE LATEST TECHNOLOGY FOR THE INDUSTRY.
OTHER PROGRAMS
TRAINING THE TAPPI PRESS PUBLISHES NUMEROUS BOOKS, CD-ROM, AND RESEARCH PAPERS FOR THE INDUSTRY. THESE PUBLICATIONS RANGE FROM TRAINING VIDEOS TO THE HIGHLY TECHNICAL RESULTS OF RESEARCH PROJECTS.
PUBLICATIONS AND STANDARDS THE TECHNICAL ASSOCATION OF THE PULP AND PAPER INDUSTRY, INC. GENERATES AND DISSEMINATES TECHNICAL INFORMATION THROUGH SEVERAL MEDIA. IT PUBLISHES THE TAPPI JOURNAL MONTHLY, PAPER 360 BI-MONTHLY, AND PROGRESS IN PAPER RECYCLING QUARTERLY. THESE PUBLICATIONS ARE A PERMIERE SOURCE FOR THE TECHNICAL MEMBERS IN VARIOUS PROFESSIONS WITHIN THE PULP AND PAPER INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Montague President & | OfficerTrustee | 50 | $488,511 |
Lawton Roberts Cto | 40 | $204,952 | |
Mary Beth Cornell Dir. Of Memb | 40 | $177,823 | |
Simona Marcellus Marketing Di | 40 | $148,723 | |
Teresa Ventress Tappisafe Di | 40 | $140,221 | |
Ashley Westbrook Ams Director | 40 | $114,229 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,036,305 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,043,860 |
| Total Program Service Revenue | $8,544,951 |
| Investment income | $763,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $135,129 |
| Net Rental Income | $161,079 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,152,847 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,149,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,700 |
| Grants and other assistance to domestic individuals. | $20,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $610,568 |
| Compensation of current officers, directors, key employees. | $170,959 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,031,871 |
| Pension plan accruals and contributions | $894,818 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,962 |
| Fees for services: Accounting | $105,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $308,542 |
| Office expenses | $645,696 |
| Information technology | $805,205 |
| Royalties | $88,912 |
| Occupancy | $237,988 |
| Travel | $93,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,905,146 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $241,560 |
| Insurance | $56,376 |
| All other expenses | $16,592 |
| Total functional expenses | $11,431,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,275,935 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,304,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,080,589 |
| Prepaid expenses and deferred charges | $448,605 |
| Net Land, buildings, and equipment | $1,474,651 |
| Investments—publicly traded securities | $20,937,699 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $262,696 |
| Total assets | $28,784,216 |
| Accounts payable and accrued expenses | $1,282,919 |
| Grants payable | $0 |
| Deferred revenue | $4,961,722 |
| 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 | $6,244,641 |
| Net assets without donor restrictions | $22,539,575 |
| 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 | $28,784,216 |
Grants Awarded
Over the last fiscal year, Technical Association Of The Pulp & Paper Industry Inc has awarded $16,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON & PAPER FOUNDATION PURPOSE: SCHOLARSHIPS | $6,500 |
UNIVERSITY OF WISCONSIN STEVENS PT PURPOSE: SCHOLARSHIPS | $10,000 |