Society Of Plastics Engineers
- Assets
- $231.4k
- Revenue
- $76.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 05/1945
- Data as of
- 06/2023
- EIN
- 23-7283052
Organization Overview
Society Of Plastics Engineers is located in Lake Forest, IL. The organization was established in 1945. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Society Of Plastics Engineers 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 06/2023, Society Of Plastics Engineers generated $76.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $105.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (16.9%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE PLASTIC MANUFACTURERS AND ENGINEERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL TECH CONFERENCE - THREE DAY BIENNIAL (OCCURING EVERY TWO YEARS) EVENT TO PROVIDE TECH PROGRAMS, TRAINING AND EXPOSITION OF NEW TECHNIQUES IN THE THERMOFORMING INDUSTRY. OVER 500 ATTENDEES.
NEWSLETTER SENT QUARTERLY TO OVER 700 INDIVIDUALS IN THE THERMOFORMING INDUSTRY. NEWSLETTER IS A SHOWCASE FOR THE THERMOFORMING PORTION OF THE PLASTICS INDUSTRY.
THE THERMOFORMING DIVISION HAS A MATCHING GRANT PROGRAM WHICH PROVIDES FUNDS TO PURCHASE THERMOFORMING EQUIPMENT FOR ACCREDITED SCHOOLS. EQUIPMENT AND SCHOOL PROGRAMS MUST MEET THE THERMOFORMING DIVISION MISSION STATEMENT. IT ALSO OFFERS SCHOLARSHIPS TO STUDENTS WHO HAVE DEMONSTRATED OR EXPRESSED AN INTEREST IN THE PLASTICS INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Uphaus Chairman | OfficerTrustee | 10 | $0 |
Matt O'hagan Treasurer And Acting Secretary | OfficerTrustee | 10 | $0 |
James Alongi Assistant Treasurer | OfficerTrustee | 5 | $0 |
Phil Karig Councilor | OfficerTrustee | 5 | $0 |
Steve Zamprelli Past Chairman | OfficerTrustee | 5 | $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 | $74,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,525 |
| Total Program Service Revenue | $0 |
| 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 | $76,870 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $495 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,568 |
| Advertising and promotion | $54,712 |
| Office expenses | $3,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,008 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $869 |
| Total functional expenses | $105,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,404 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $231,404 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $231,404 |
| 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 | $231,404 |