Association Of Independent Corrugated Converters
- Assets
- $4.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Alexandria, VA
- Founding
- 01/1975
- Data as of
- 06/2021
- EIN
- 36-2812376
Organization Overview
Association Of Independent Corrugated Converters is located in Alexandria, VA. The organization was established in 1975. 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 06/2021, Association Of Independent Corrugated Converters employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Independent Corrugated Converters is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Association Of Independent Corrugated Converters generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2021. 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
PROVIDING EDUCATION AND NETWORKING OPPORTUNITIES TO MAKE INDEPENDENT PACKAGING COMPANIES SUCCESSFUL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EDUCATION - ENHANCEMENT OF MARKET POSITION OF ITS INDEPENDENT MEMBERS THROUGH CORRUGATED, FOLDING CARTON AND RIGID BOX TRAINING PROGRAMS DESIGNED TO IMPROVE PLANT PRODUCTIVITY AND PROFITABILITY.
LOCAL AND REGIONAL MEETINGS - MEETINGS OFFERING AN OPPORTUNITY FOR INDEPENDENTS AND THEIR SUPPLIERS TO LEARN FROM INDUSTRY EXPERTS AND PEERS WITHIN THEIR OWN REGION.
NATIONAL MEETINGS - SEMIANNUAL MEETINGS TO DISCUSS AND BRING TOGETHER HUNDREDS OF INDEPENDENTS AND THEIR SUPPLIERS THROUGHOUT NORTH AMERICA AND THE WORLD FOR WORKSHOPS, GENERAL SESSIONS, AND INFORMATIVE SEMINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dangelo President | OfficerTrustee | 40 | $221,629 |
Taryn Pyle Director Of Training Educati | 40 | $137,700 | |
A Steven Young Ambassador-At-Large | Trustee | 40 | $137,341 |
Maria Frustaci Executive Director Aicc Mexi | Officer | 40 | $86,137 |
Joseph Palmeri Immediate Past Chairman | OfficerTrustee | 2 | $0 |
Gary Brewer Vice Chairman | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ygs Group Editorial | 6/29/20 | $191,009 |
Working Well Consulting | 6/29/20 | $112,973 |
Packaging School Consulting | 6/29/20 | $103,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $188,100 |
| 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 | $188,100 |
| Total Program Service Revenue | $2,560,205 |
| Investment income | $83,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,434 |
| Net Gain/Loss on Asset Sales | $300,944 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,910 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,198,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,044,335 |
| 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 | $1,257,878 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,474 |
| Fees for services: Other | $330,853 |
| Advertising and promotion | $23,472 |
| Office expenses | $150,055 |
| Information technology | $35,321 |
| Royalties | $0 |
| Occupancy | $91,522 |
| Travel | $21,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $668,426 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,303 |
| Insurance | $8,646 |
| All other expenses | $0 |
| Total functional expenses | $3,778,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $733,295 |
| Savings and temporary cash investments | $59,751 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,204 |
| 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 | $157,451 |
| Net Land, buildings, and equipment | $446,470 |
| Investments—publicly traded securities | $3,264,965 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $209,425 |
| Total assets | $4,919,561 |
| Accounts payable and accrued expenses | $53,567 |
| Grants payable | $0 |
| Deferred revenue | $889,491 |
| 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 | $200,077 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $362,663 |
| Total liabilities | $1,505,798 |
| Net assets without donor restrictions | $3,413,763 |
| 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 | $4,919,561 |
Grants Awarded
Over the last fiscal year, Association Of Independent Corrugated Converters has awarded $1,044,335 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA | | $1,000,000 |
Alexandria, VA | | $25,000 |
Washington, DC | | $19,335 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Personal Care Products Council Washington, DC | $26,566,920 | $19,071,135 |
American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |