Foundation Of Flexographic Technical Association Inc
- Assets
- $6.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Bohemia, NY
- Founding
- 11/1974
- Data as of
- 12/2021
- EIN
- 23-7408446
Organization Overview
Foundation Of Flexographic Technical Association Inc is located in Bohemia, NY. The organization was established in 1974. 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. As of 12/2022, Foundation Of Flexographic Technical Association Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of Flexographic Technical Association Inc 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 12/2021, Foundation Of Flexographic Technical Association Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATION OF FLEXOGRAPHIC TECHNICAL ASSOCIATION (FFTA) WORKS TO ADVANCE THE FLEXOGRAPHIC PRINTING/CONVERTING INDUSTRY THROUGH EDUCATION, TRAINING, RESEARCH AND SCHOLARSHIPS. WE CONDUCT ANNUAL PRINT/ DESIGN/ ENVIRONMENTAL/ TECHNOLOGY AWARDS COMPETITIONS AND OFFER EDUCATIONAL SEMINARS, WORKSHOPS & INTERACTIVE TRAINING PROGRAMS THROUGH OUR TEST (TECHNICAL EDUCATION SERVICES TEAM) PROGRAM. OUR MONTHLY FLEXO MAGAZINE FEATURES HIGH-LEVEL TECHNICAL ARTICLES AND MARKET REPORTS, PLUS TECHNOLOGY TREND FEATURES AND COVERS THE LATEST INDUSTRY HAPPENINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION - FLEXO MAGAZINE IS THE OFFICIAL PUBLICATION OF FLEXOGRAPHIC TECHNICAL ASSOCIATION (FTA) AND ITS FOUNDATION (FFTA) AND THE VOICE OF THE FLEXOGRAPHIC PRINTING INDUSTRY. FLEXO IS TIMELY, TARGETED AND TECHNICAL, REPORTING ON THE LATEST TRENDS AND TECHNOLOGIES, WHILE PROVIDING HARD- HITTING DATA AND MARKET INFORMATION TO HELP MEMBERS GET THE MOST OUT OF THEIR PRINTING. EMBRACING THE MOST SOPHISTICATED WEB-PUBLISHING TECHNOLOGY, FLEXO NOW ALLOWS READERS TO ACCESS THE ENTIRE CONTENTS OF EVERY ISSUE IN CLEAR, CRISP COLOR REQUIRING VERY LITTLE BANDWIDTH.
CONFERENCES, SEMINARS AND WORKSHOPS - OUR AIM IS TO PROVIDE ATTENDEES WITH A CLEAR UNDERSTANDING OF THE ENTIRE FLEXO PROCESS, FROM BEGINNING TO END. THESE GATHERINGS ARE DESIGNED TO DELIVER ACTIONABLE INSIGHTS AND INSPIRATION TO ALL SEGMENTS OF THE FLEXOGRAPHIC COMMUNITY. WE EXPLORE THE BEST PRACTICES FOR ENHANCED PROFITABILITY AND PRODUCTIVITY LEVELS. WE OFFER FIRM IDEAS ON HOW TO BE PRODUCTIVE, NOT JUST BUSY. IN THE END, ATTENDEES WILL LEAVE WITH CRYSTALLIZED IDEAS READY TO BE IMPLEMENTED IMMEDIATELY AFTER THE CONFERENCE. GRANTS AND SCHOLARSHIPS AWARDED - THE FOUNDATION OF FTA (FFTA) IS COMMITTED TO PROMOTING AND ADVANCING THE FLEXOGRAPHIC PRINTING PROCESS. TO DEMONSTRATE THIS COMMITMENT, FFTA AND ITS AFFILIATES PROVIDE MORE THAN 25,000 ANNUALLY TOWARD SCHOLARSHIPS FOR BOTH STUDENTS AND INDUSTRY PROFESSIONALS. SINCE 1982, THE FOUNDATION OF FLEXOGRAPHIC TECHNICAL ASSOCIATION (FFTA) HAS BEEN PROVIDING FINANCIAL AID TO STUDENTS WHO DEMONSTRATE AN INTEREST IN FIELDS OF FLEXOGRAPHY AND/OR GRAPHIC COMMUNICATIONS. THESE SCHOLARSHIPS ARE HIGHLY COVETED AND ARE AVAILABLE ONLY TO SELECT NUMBER OF STUDENTS.
TRAINING & EDUCATION - THE FLEXO IN EDUCATION PROGRAM WAS ESTABLISHED IN 1993 WITH THE PILOT HIGH SCHOOL IN CHARLOTTE, NC. ORIGINALLY CALLED THE FLEXO IN HIGH SCHOOL PROGRAM (FIHS), THE PROGRAM HAS GROWN TO INCLUDE POST-SECONDARY SCHOOLS, AS WELL AS HIGH SCHOOLS. THE PROGRAM WAS THE VISION OF RON AND KATHERINE HARPER, HARPER CORPORATION OF AMERICA, TO FORM A PARTNERSHIP BETWEEN EDUCATION AND THE FLEXOGRAPHIC INDUSTRY TO FILL THE NEED FOR TRAINED WORKERS. THE PROGRAM BRINGS TOGETHER THE SUPPORT OF THE INDUSTRY, THE FOUNDATION OF FTA AND SCHOOLS. IN ORDER TO PARTICIPATE, SCHOOLS MUST HAVE AN EXISTING PRINTING PROGRAM AND A DESIRE TO EXPAND THEIR CURRICULUM TO INCLUDE FLEXOGRAPHY. THE BENEFITS TO STUDENTS AND THE INDUSTRY ARE NUMEROUS. STUDENTS LEARN MARKETABLE SKILLS SO THE MAY ENTER THE WORKFORCE UPON GRADUATING FROM SCHOOL, WHILE THE INDUSTRY BENEFITS THROUGH THE ESTABLISHMENT OF TRAINED AND SKILLED INDIVIDUALS WITH A BASIC UNDERSTANDING OF FLEXO TECHNOLOGY. CURRENTLY THERE ARE 21 HIGH SCHOOL PROGRAM MEMBERS AND 52 POST-SECONDARY SCHOOL PROGRAM MEMBERS.
MEETING & EXHIBITS - THE FORUM/INFOFLEX IS A THOUGHT PROVOKING AND ENERGETIC CONFERENCE FOCUSED ON BRINGING VALUE TO EACH AND EVERY ATTENDEE. WE'RE COMMITTED TO PROVIDING KEY TAKE-AWAYS AT EACH AND EVERY SESSION. WE HAVE THE VERY BEST INDUSTRY LEADERS AND SPEAKERS TO HELP US ACHIEVE THESE GOALS. OUR FELLOW FLEXOGRAPHERS BENEFIT FROM THE CONTINUED EDUCATION, DISCUSSIONS OF NEW TECHNICAL ADVANCES AND THE UNIQUE NETWORK OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Pareso Interim Pres | Officer | 20 | $101,576 |
Laura Wright Board Chair | OfficerTrustee | 2 | $0 |
Bob Coomes Board Chair | OfficerTrustee | 2 | $0 |
Geoff Roznak Vice Chair | OfficerTrustee | 2 | $0 |
Kristen Shields Vice Chair | OfficerTrustee | 2 | $0 |
Ron Premo Vice Chair | OfficerTrustee | 2 | $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 | $5,289 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,289 |
| Total Program Service Revenue | $1,555,063 |
| Investment income | $69,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $200,924 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,839,363 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $44,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,304 |
| Compensation of current officers, directors, key employees. | $26,061 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $825,601 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,250 |
| Payroll taxes | $69,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,047 |
| Advertising and promotion | $0 |
| Office expenses | $134,461 |
| Information technology | $20,195 |
| Royalties | $0 |
| Occupancy | $44,504 |
| Travel | $2,019 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,538 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,150 |
| Insurance | $4,505 |
| All other expenses | $77,786 |
| Total functional expenses | $2,059,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,252,268 |
| Savings and temporary cash investments | $111,899 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $272,475 |
| 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 | $35,545 |
| Net Land, buildings, and equipment | $9,772 |
| Investments—publicly traded securities | $4,994,025 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,675,984 |
| Accounts payable and accrued expenses | $156,034 |
| Grants payable | $0 |
| Deferred revenue | $868,127 |
| 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 | $2,629,548 |
| Total liabilities | $3,653,709 |
| Net assets without donor restrictions | $2,997,273 |
| Net assets with donor restrictions | $25,002 |
| 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 | $6,675,984 |