Polymer Processing Institute At Njit

Organization Overview

Polymer Processing Institute At Njit is located in University Heights New, NJ. The organization was established in 1984. According to its NTEE Classification (U33) the organization is classified as: Chemistry & Chemical Engineering, under the broad grouping of Science & Technology and related organizations. As of 06/2021, Polymer Processing Institute At Njit employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polymer Processing Institute At Njit 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 06/2021, Polymer Processing Institute At Njit generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $4.2m during the year ending 06/2021. While expenses have increased by 16.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE RESEARCH, EDUCATION, PUBLICATIONS TO THE POLYMER FIELD FOR MEDICAL DEVICES AND PHARMACEUTICAL APPLICATIONS, PACKAGING, RECYCLING, PAINTS AND COATINGS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESEARCH AND DEVELOPMENT-PROVIDING RESEARCH, EDUCATION AND PUBLICATIONS TO THE POLYMER FIELD FOR MEDICAL DEVICES AND PHARMACEUTICAL APPLICATIONS, PACKAGING, RECYCLING, PAINTS AND COATINGS, ETC. LABS AND EQUIPMENT ARE AVAILABLE FOR STUDENTS DOING RESEARCH.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Ming Wan Young
President
$241,938
Dr Costas G Gogos
Board Chairman - Trustee
$55,900
Kasia Strycharz
Secretary
$47,580
Dr Kun H Hyun
President - Emeritus
$0
Paul Anderson
Trustee
$0
Lefteris Valsamis
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,127,923
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$2,127,923
Total Program Service Revenue$2,990,312
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $0
Miscellaneous Revenue$0
Total Revenue $5,118,235

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