FOUNDATION OF FLEXOGRAPHIC TECHNICAL ASSOCATION INC

EIN: 237408446 501(c)(3) Community Improvement

BOHEMIA, NY

Total Revenue
$2,471,002
Total Expenses
$2,866,419
Total Assets
$5,826,265
Net Assets
$2,267,195
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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NY
Principal Officer
LAURA WRIGHT
Phone
6317376020
Tax Period
2024-01-01 to 2024-12-31

FOUNDATION OF FLEXOGRAPHIC TECHNICAL ASSOCATION INC, founded in 1974, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2024. Expenses of $2.9M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE FOUNDATION OF FLEXIBLE TECHNICAL ASSOCIATION, INC. IS COMMITTED TO PROMOTING AND ADVANCING THE FLEXOGRAPHIC PRINTING PROCESS.

Program Service Accomplishments

Program 1
Expenses: $733,856 Revenue: $407,905

PUBLICATION - FLEXO MAGAZINE IS THE OFFICIAL PUBLICATION OF FLEXOGRAPHIC TECHNICAL ASSOCIATION (FTA) AND ITS FOUNDATION (FFTA) AND THE VOICE OF THE FLEXOGRAPHIC PRINTING INDUSTRY. FLEXO IS TIMELY...

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PUBLICATION - FLEXO MAGAZINE IS THE OFFICIAL PUBLICATION OF FLEXOGRAPHIC TECHNICAL ASSOCIATION (FTA) AND ITS FOUNDATION (FFTA) AND THE VOICE OF THE FLEXOGRAPHIC PRINTING INDUSTRY. FLEXO IS TIMELY, TARGETED AND TECHNICAL, REPORTING ON THE LATEST TRENDS AND TECHNOLOGIES, WHILE PROVIDING HARD- HITTING DATA AND MARKET INFORMATION TO HELP MEMBERS GET THE MOST OUT OF THEIR PRINTING. EMBRACING THE MOST SOPHISTICATED WEB-PUBLISHING TECHNOLOGY, FLEXO NOW ALLOWS READERS TO ACCESS THE ENTIRE CONTENTS OF EVERY ISSUE IN CLEAR, CRISP COLOR REQUIRING VERY LITTLE BANDWIDTH.

Program 2
Expenses: $573,736 Revenue: $370,937

TRAINING & EDUCATION - THE FLEXO IN EDUCATION PROGRAM WAS ESTABLISHED IN 1993 WITH THE PILOT HIGH SCHOOL IN CHARLOTTE, NC. ORIGINALLY CALLED THE FLEXO IN HIGH SCHOOL PROGRAM (FIHS), THE PROGRAM HAS...

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TRAINING & EDUCATION - THE FLEXO IN EDUCATION PROGRAM WAS ESTABLISHED IN 1993 WITH THE PILOT HIGH SCHOOL IN CHARLOTTE, NC. ORIGINALLY CALLED THE FLEXO IN HIGH SCHOOL PROGRAM (FIHS), THE PROGRAM HAS GROWN TO INCLUDE POST-SECONDARY SCHOOLS, AS WELL AS HIGH SCHOOLS. THE PROGRAM WAS THE VISION OF RON AND KATHERINE HARPER, HARPER CORPORATION OF AMERICA, TO FORM A PARTNERSHIP BETWEEN EDUCATION AND THE FLEXOGRAPHIC INDUSTRY TO FILL THE NEED FOR TRAINED WORKERS. THE PROGRAM BRINGS TOGETHER THE SUPPORT OF THE INDUSTRY, THE FOUNDATION OF FTA AND SCHOOLS. IN ORDER TO PARTICIPATE, SCHOOLS MUST HAVE AN EXISTING PRINTING PROGRAM AND A DESIRE TO EXPAND THEIR CURRICULUM TO INCLUDE FLEXOGRAPHY. THE BENEFITS TO STUDENTS AND THE INDUSTRY ARE NUMEROUS. STUDENTS LEARN MARKETABLE SKILLS SO THE MAY ENTER THE WORKFORCE UPON GRADUATING FROM SCHOOL, WHILE THE INDUSTRY BENEFITS THROUGH THE ESTABLISHMENT OF TRAINED AND SKILLED INDIVIDUALS WITH A BASIC UNDERSTANDING OF FLEXO TECHNOLOGY. CURRENTLY THERE ARE 21 HIGH SCHOOL PROGRAM MEMBERS AND 52 POST-SECONDARY SCHOOL PROGRAM MEMBERS.

Program 3
Expenses: $1,132,585 Revenue: $1,289,550

MEETING & EXHIBITS - THE FORUM/INFOFLEX IS A THOUGHT PROVOKING AND ENERGETIC CONFERENCE FOCUSED ON BRINGING VALUE TO EACH AND EVERY ATTENDEE. WE'RE COMMITTED TO PROVIDING KEY TAKE-AWAYS AT EACH AND...

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MEETING & EXHIBITS - THE FORUM/INFOFLEX IS A THOUGHT PROVOKING AND ENERGETIC CONFERENCE FOCUSED ON BRINGING VALUE TO EACH AND EVERY ATTENDEE. WE'RE COMMITTED TO PROVIDING KEY TAKE-AWAYS AT EACH AND EVERY SESSION. WE HAVE THE VERY BEST INDUSTRY LEADERS AND SPEAKERS TO HELP US ACHIEVE THESE GOALS. OUR FELLOW FLEXOGRAPHERS BENEFIT FROM THE CONTINUED EDUCATION, DISCUSSIONS OF NEW TECHNICAL ADVANCES AND THE UNIQUE NETWORK OPPORTUNITIES.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,217
Program Service Revenue $2,068,392
Investment Income $241,273
Other Revenue $150,120
TOTAL REVENUE $2,471,002

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $1,248,832
Fundraising Expenses $0
Program Expenses $2,450,177
Other Expenses $1,607,587
TOTAL EXPENSES $2,866,419

Year-over-Year Comparison

2024 2023 Change
Revenue $2,471,002 $2,521,983 0.0%
Expenses $2,866,419 $2,810,651 +0.0%
Net Income $-395,417 $-288,668 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
12
Volunteers
100

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
5
$60,577
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATHAN RIDNOUER PRESIDENT 20.00
Officer
$42,404 $0 $60,577
BRAD PARESO PAST PRESIDE 20.00
$91,559 $0 $122,079
LAURA WRIGHT BOARD CHAIR 2.00
Officer Director
$0 $0 $0
BOB COOMES BOARD CHAIR- 2.00
Officer Director
$0 $0 $0
KRISTEN SHIELDS VICE CHAIR 2.00
Officer Director
$0 $0 $0
KEITH NAGLE TREASURER 1.00
Officer Director
$0 $0 $0
CATHERINE HAYNES BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC FRANK BOARD MEMBER 1.00
Director
$0 $0 $0
JENNYE SCOTT BOARD MEMBER 1.00
Director
$0 $0 $0
JOE GENOVA BOARD MEMBER 1.00
Director
$0 $0 $0
JOEL MAXWELL BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN KRAUSE BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE LAIRD-WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL TEACHOUT BOARD MEMBER 1.00
Director
$0 $0 $0
SHAWN OETJEN BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS DAHBURA BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH TUCCITTO EDUCATION DI 35.00
Highest
$218,532 $0 $230,034
JAY KAIBLE BUSINESS DEV 20.00
Highest
$151,589 $3,743 $205,862
ROBERT MORAN PUBLISHER 40.00
Highest
$157,127 $4,616 $161,743
MILENA FLORES ACCOUNTING/H 30.00
Highest
$82,453 $3,164 $113,101
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 $2,471,002 $2,866,419 $5,826,265 $-395,417
2023 $2,521,983 $2,810,651 $5,939,875 $-288,668
2022 $2,554,591 $2,610,340 $5,707,666 $-55,749
2021 $1,839,363 $2,059,791 $6,675,984 $-220,428
2020 $1,544,837 $2,255,051 $6,112,153 $-710,214
2019 $3,070,681 $3,090,283 $6,534,237 $-19,602
2018 $3,201,202 $3,036,315 $6,152,680 $164,887
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