Polymer Processing Institute

EIN: 222458275 501(c)(3)

Newark, NJ

Total Revenue
$3,511,505
Total Expenses
$3,664,887
Total Assets
$5,026,568
Net Assets
$4,727,776
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NJ
Principal Officer
Ming-Wan Young
Phone
9735965896
Tax Period
2024-07-01 to 2025-06-30

Polymer Processing Institute, founded in 1982, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024.

Mission

POLYMER PROCESSING INSTITUTE ("PPI") IS A PRIVATE, NON-FOR-PROFIT NEW JERSEY CORPORATION, ESTABLISHED IN 1982. PPI WAS ESTABLISHED FOR THE PURPOSE OF ADVANCING THE GENERAL KNOWLEDGE OF THE PUBLIC IN THE ART, SCIENCE AND TECHNOLOGY OF POLYMER PROCESSING THROUGH SCIENTIFIC RESEARCH AND EDUCATION PERFORMED IN THE US AND ABROAD. SIGNIFICANT REVENUES ARE RECEIVED FROM SUBCONTRACTS WITH THE NEW JERSEY INSTITUTE OF TECHNOLOGY ("NJIT") WHICH CONTRACTS WITH THE FEDERAL GOVERNMENT ON RESEARCH PROJECTS IN THE FIELD OF POLYMERS AND FROM RESEARCH FEES FROM PUBLIC AND PRIVATE COMPANIES.

Program Service Accomplishments

Program 1
Expenses: $3,314,457 Revenue: $2,130,979

RESEARCH AND DEVELOPMENT-PROVIDING RESEARCH, EDUCATION AND PUBLICATIONS TO THE POLYMER FIELD FOR MEDICAL DEVICES AND PHARMACEUTICAL APPLICATIONS, PACKAGING, RECYCLING, PAINTS AND COATINGS, ETC. LABS...

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RESEARCH AND DEVELOPMENT-PROVIDING RESEARCH, EDUCATION AND PUBLICATIONS TO THE POLYMER FIELD FOR MEDICAL DEVICES AND PHARMACEUTICAL APPLICATIONS, PACKAGING, RECYCLING, PAINTS AND COATINGS, ETC. LABS AND EQUIPMENT ARE AVAILABLE FOR STUDENTS DOING RESEARCH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,380,526
Program Service Revenue $2,130,979
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,511,505

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,791,105
Fundraising Expenses $0
Program Expenses $3,314,457
Other Expenses $1,873,782
TOTAL EXPENSES $3,664,887

Year-over-Year Comparison

2024 2023 Change
Revenue $3,511,505 $3,254,373 +0.1%
Expenses $3,664,887 $4,066,391 -0.1%
Net Income $-153,382 $-812,018 -0.8%
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
11
Employees
17
Volunteers
11

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
3
$451,775
Total Directors
13
$451,775
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Ming Wan Young PRESIDENT 40.0
Officer Director
$276,640 $38,205 $314,845
Kasia Strycharz Secretary 40.0
Officer Director
$79,796 $15,984 $95,780
DR COSTAS G GOGOS Board Chairman 15.0
Officer Director
$41,150 $0 $41,150
Dr Kun H Hyun President Emeritus 1.0
Director
$0 $0 $0
Dr Donald Sebastian TRUSTEE 1.0
Director
$0 $0 $0
Paul Andersen TRUSTEE 1.0
Director
$0 $0 $0
John Christiano Trustee 1.0
Director
$0 $0 $0
Sy Finder TRUSTEE 1.0
Director
$0 $0 $0
Timothy Gibson TRUSTEE 1.0
Director
$0 $0 $0
Stan Jakopin TRUSTEE 1.0
Director
$0 $0 $0
Charlie Martin TRUSTEE 1.0
Director
$0 $0 $0
Viggy Mehta Trustee 1.0
Director
$0 $0 $0
Lefteris Valsamis Trustee 1.0
Director
$0 $0 $0
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
2025 $3,511,505 $3,664,887 $5,026,568 $-153,382
2024 $3,254,373 $4,066,391 $5,396,496 $-812,018
2023 $5,034,613 $4,449,441 $6,198,011 $585,172
2022 $5,166,367 $4,985,915 $5,522,179 $180,452
2021 $5,118,235 $4,178,348 $4,651,810 $939,887
2020 $2,612,174 $2,558,832 $3,561,387 $53,342
2019 $2,398,527 $2,040,479 $3,264,151 $358,048
2018 $2,729,772 $2,044,210 $2,977,658 $685,562
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