INTERNATIONAL BIODEGRADABLE PRODUCTS INSTITUTE INC

EIN: 134088453 Community Improvement

NEW YORK, NY

Total Revenue
$3,160,434
Total Expenses
$2,810,450
Total Assets
$3,011,120
Net Assets
$2,995,081
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
DE
Principal Officer
RHODES YEPSEN
Phone
8882745646
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL BIODEGRADABLE PRODUCTS INSTITUTE INC, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 11% surplus.

Mission

TO PROMOTE AWARENESS OF BIODEGRADABLE PRODUCTS IN ORDER TO EDUCATE THE PUBLIC ON ENVIRONMENTAL ISSUES THROUGH THE USE OF A LOGO WHICH IDENTIFIES AND CERTIFIES PLASTIC PRODUCTS THAT WILL BIODEGRADE AND COMPOST IN A SATISFACTORY MANNER.

Program Service Accomplishments

Program 1
Expenses: $408,005 Revenue: $558,417

THIRD PARTY CERTIFICATION AND VERIFICATION OF COMPOSTABILITY OF VARIOUS PRODUCTS AND PACKAGING.

Program 2
Expenses: $150,346 Revenue: $100,412

BPI COMPOSTING SUMMIT

Program 3
Expenses: $40,775

SPONSORSHIPS FOR VARIOUS COMPOSTING EVENTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $658,829
Investment Income $68,712
Other Revenue $2,432,893
TOTAL REVENUE $3,160,434

Expense Breakdown

Grants Paid $40,775
Salaries & Benefits $1,680,714
Fundraising Expenses $0
Program Expenses $599,126
Other Expenses $1,088,961
TOTAL EXPENSES $2,810,450

Year-over-Year Comparison

2023 2022 Change
Revenue $3,160,434 $2,571,499 +0.2%
Expenses $2,810,450 $2,178,294 +0.3%
Net Income $349,984 $393,205 -0.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
21
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
13
$0
Key Employees
1
$208,525
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANETTE HANNA DIRECTOR 0.40
Director
$0 $0 $0
RENAUD DES ROSIERS DIRECTOR 0.40
Director
$0 $0 $0
DEREK ATKINSON DIRECTOR 0.40
Director
$0 $0 $0
MELISSA TASHJIAN DIRECTOR 0.40
Director
$0 $0 $0
PAUL DARBY DIRECTOR 0.40
Director
$0 $0 $0
SRI NARAYAN-SARATHY DIRECTOR 0.40
Director
$0 $0 $0
KEITH EDWARDS DIRECTOR 0.40
Director
$0 $0 $0
LYNN DYER DIRECTOR 0.40
Director
$0 $0 $0
MOUNIR IZALLALEN DIRECTOR 0.40
Director
$0 $0 $0
SHANNON PINC DIRECTOR 0.40
Director
$0 $0 $0
WENDELL SIMONSON DIRECTOR 0.40
Director
$0 $0 $0
PEGGY HOKS DIRECTOR 0.40
Director
$0 $0 $0
LESLIE RODGERS DIRECTOR 0.40
Director
$0 $0 $0
RHODES YEPSEN EXECUTIVE DIRECTOR 40.00
Key Emp
$198,387 $10,138 $208,525
DANIEL BRETON OPERATIONS DIRECTOR 40.00
Highest
$128,299 $6,321 $134,620
CLIFTON PASSOW MARKETING DIRECTOR 40.00
Highest
$113,354 $5,788 $119,142
MARGARET A ELDRIDGE CERTIFICATION DIRECTOR 40.00
Highest
$107,078 $5,505 $112,583
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,160,434 $2,810,450 $3,011,120 $349,984
2022 $2,571,499 $2,178,294 $2,526,820 $393,205
2021 $1,722,263 $1,397,696 $2,177,783 $324,567
2020 $1,484,600 $1,139,402 $1,844,882 $345,198
2019 $1,361,415 $753,055 $1,494,178 $608,360
2018 $1,056,353 $646,491 $887,176 $409,862
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