Pmmi Education & Training Foundation
- Assets
- $160.2k
- Revenue
- $860.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Herndon, VA
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 54-1820667
Organization Overview
Pmmi Education & Training Foundation is located in Herndon, VA. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pmmi Education & Training Foundation 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, Pmmi Education & Training Foundation generated $860.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $860.3k during the year ending 12/2022. While expenses have increased by 28.2% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GRANTS AND SCHOLARSHIPS TO STUDENTS OF QUALIFIED TECHNICAL SCHOOLS AND UNIVERSITIES, AND TO EMPLOYEES OF THE PACKAGING MACHINERY MANUFACTURERS INSTITUTE'S MEMBER COMPANIES, FOR COMPLETION OF PACKAGING MACHINERY COURSEWORK OR RELATED ANCILLARY COURSES. PROVIDES GRANTS TO ORGANIZATIONS, TECHNICAL SCHOOLS AND UNIVERSITIES, THAT SUPPORT TRAINING OF THE CURRENT AND FUTURE INDUSTRY WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SKILLS FUNDS MATCH PMMI MEMBER DONATIONS TO STUDENT EDUCATIONAL PROGRAMS WITH THE GOAL OF CREATING OR STREGNTHENING BONDS BETWEEN THE PACKAGING AND PROCESSING INDUSTRY AND EDUCATIONAL INSTITUTIONS. THE SKILLS FUNDS MATCHES FINANCIAL AND EQUIPMENT DONATIONS FROM PMMI MEMBER COMPANIES. SUPPORTED EDUCATIONAL PROGRAMS INCLUDE BUT ARE NOT LIMITED TO: BUILDING STEM LABS; SUPPORTING STUDENT ROBOTICS TEAMS; STUDENT MANUFACTURING SUMMER CAMPS.
GRANTS AND SCHOLARSHIPS ARE PROVIDED TO STUDENTS OF QUALIFIED TECHNICAL SCHOOLS AND UNIVERSITIES, AND TO EMPLOYEES OF THE PACKAGING MACHINERY MANUFACTURERS INSTITUTE'S MEMBER COMPANIES, FOR COMPLETION OF PACKAGING MACHINERY COURSEWORK OR ANCILLARY COURSES. OVER THE PAST 24 YEARS, PMMI HAS PROVIDED MORE THAN $2.75 MILLION IN SCHOLARSHIP FUNDING THROUGH THE FOUNDATION AND SUPPORTING SCHOLARSHIP FUNDS.
INCORPORATING CHALLENGES AT 27 EXHIBITOR BOOTHS, THE FOUNDATION-SPONSORED "AMAZING PACKAGING RACE" PITS CLASSMATES AGAINST EACH OTHER IN A COMPETITION DESIGNED TO FAMILIARIZE STUDENTS WITH THE PACKAGING AND PROCESSING INDUSTRIES, AS WELL AS BREAKS DOWN THE WALL BETWEEN INDUSTRY AND EDUCATION. TEAMS MADE UP OF FOUR STUDENTS, EACH FROM A DIFFERENT SCHOOL, RACED FROM BOOTH TO BOOTH FOR MORE THAN 3 HOURS. PERFORMATIN CHALLENGES THAT RANGED FROM SHOOTING VIDEOS ABOUT INDUSTRY EDUCATION TO CHANGING PACK PATTERNS ON A CASE PACKER, CHALLENGES WERE ASSIGNED A POINT VALUE BASED ON THE DIFFICULTY OF THE TASK AND HOW LONG IT SHOULD TAKE TO COMPLETE IT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emmanuel Cerf Chairman | OfficerTrustee | 2 | $0 |
Patricia Anderson Secretary/treasurer | OfficerTrustee | 2 | $0 |
Mark Anderson Immed. Past Chair | OfficerTrustee | 2 | $0 |
Rolando Pena Director | Trustee | 2 | $0 |
Nancy Wilson Director | Trustee | 2 | $0 |
Jim Pittas President & CEO Pmmi | Officer | 2 | $47,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,038 |
| Related organizations | $761,393 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $831,531 |
| Total Program Service Revenue | $35,451 |
| Investment income | $1,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,525 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $860,334 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $791,945 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $225 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $860,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,900 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $70,342 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,926 |
| Total assets | $160,168 |
| Accounts payable and accrued expenses | $72,721 |
| Grants payable | $0 |
| Deferred revenue | $43,432 |
| 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 | $116,153 |
| Net assets without donor restrictions | -$26,327 |
| Net assets with donor restrictions | $70,342 |
| 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 | $160,168 |