Institute Of Packaging Professionals
- Assets
- $694.9k
- Revenue
- $1.2m
- Investments
- $172.0k
- Employees
- 0
- Location
- Herndon, VA
- Founding
- 02/1985
- Data as of
- 12/2022
- EIN
- 36-2057282
Organization Overview
Institute Of Packaging Professionals is located in Herndon, VA. The organization was established in 1985. 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. Institute Of Packaging Professionals 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 12/2022, Institute Of Packaging Professionals generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $961.3k 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 ENCOURAGE AND PROMOTE EDUCATION ON THE TECHNICAL AND BUSINESS DISCIPLINES APPLICABLE TO PACKAGING AND PACKAGING SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION -- TO DEVELOP AND OFFER COURSES, SEMINARS AND OTHER EDUCATIONAL ACTIVITIES TO EDUCATE THOSE ENGAGED IN THE PACKAGING INDUSTRY.
CHAPTERS -- THE 33 CHAPTERS WITH APPROXIMATELY 3,600 MEMBERS IN THE U.S. AND CANADA PROVIDE THE OPPORTUNITY TO INTERACT ON A LOCAL LEVEL WITH OTHER PACKAGING PROFESSIONALS FOR EDUCATION AND NETWORKING OPPORTUNITIES. ACTIVITIES INCLUDE TOURS, SPEAKERS, STUDY GROUPS, SEMINARS, MEETINGS AND OTHER ACTIVITIES.TECHNICAL PROGRAM -- IOPP HAS 9 TECHNICAL COMMITTEES. THESE COMMITTEES FOCUS ON TECHNICAL ISSUES WITHIN SPECIFIC INDUSTRIES AND PROVIDE A FORUM FOR COMMUNICATION AND INTERACTION FOR IOPP MEMBERS AND THE PACKAGING INDUSTRY.
PUBLICATIONS -- DESIGNED TO PROMOTE INNOVATIONS AND EDUCATION TO MEMBERS AND NONMEMBERS OF THE PACKAGING AND HANDLING PROFESSION. APPROXIMATELY 13 ACTIVE PUBLICATIONS ARE AVAILABLE.
SPECIALISTS -- PROVIDES ACCREDITATION AND CERTIFICATION FOR MEMBERS DEMONSTRATING SIGNIFICANT INDUSTRY EXPERTISE AND EXPERIENCE, MEASURED THROUGH A TESTING PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toby Wingfield VP Membership | OfficerTrustee | 2 | $0 |
Rebecca Oesterle Chair | OfficerTrustee | 2 | $0 |
Brian Stepowany Director | Trustee | 2 | $0 |
Tom Seymour Vice Chair | OfficerTrustee | 2 | $0 |
Nicole Kandoth Director | Trustee | 2 | $0 |
Jennifer Benolken Tech Comm Liaison | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kellen Company Management Services | 12/30/19 | $208,332 |
Packaging Machinery Manufacturers Instit Management Services | 12/30/19 | $156,677 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,201,585 |
| Investment income | $2,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,432 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $218 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,230,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $507,025 |
| Compensation of current officers, directors, key employees. | $162,169 |
| 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 | $129,999 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,079 |
| Advertising and promotion | $0 |
| Office expenses | $2,803 |
| Information technology | $44,468 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,464 |
| All other expenses | $8,171 |
| Total functional expenses | $961,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,770 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,124 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,072 |
| Prepaid expenses and deferred charges | $60,862 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $172,029 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $694,857 |
| Accounts payable and accrued expenses | $51,751 |
| Grants payable | $0 |
| Deferred revenue | $251,390 |
| 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 | $24,083 |
| Total liabilities | $327,224 |
| Net assets without donor restrictions | $367,633 |
| 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 | $694,857 |