INSTITUTE OF PACKAGING PROFESSIONALS

EIN: 362057282 501(c)(3) Community Improvement

HERNDON, VA

Total Revenue
$1,150,515
Total Expenses
$984,302
Total Assets
$1,415,124
Net Assets
$974,368
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
IL
Principal Officer
JANE CHASE
Phone
5712664403
Tax Period
2024-01-01 to 2024-12-31

INSTITUTE OF PACKAGING PROFESSIONALS, founded in 1945, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2018. Revenue decreased 13% compared to the prior year.

Mission

TO ENCOURAGE AND PROMOTE EDUCATION ON THE TECHNICAL AND BUSINESS DISCIPLINES APPLICABLE TO PACKAGING AND PACKAGING SYSTEMS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,088,492
Investment Income $32,213
Other Revenue $29,810
TOTAL REVENUE $1,150,515

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $603,175
Fundraising Expenses $0
Program Expenses $645,374
Other Expenses $371,127
TOTAL EXPENSES $984,302

Year-over-Year Comparison

2024 2023 Change
Revenue $1,150,515 $1,421,452 -0.2%
Expenses $984,302 $1,047,297 -0.1%
Net Income $166,213 $374,155 -0.6%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
45

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
6
$123,832
Total Directors
15
$603,175
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE KANDOTH VP MEMBERSHIP 2.00
Officer Director
$0 $0 $0
TOM SEYMOUR CHAIR 2.00
Officer Director
$0 $0 $0
JANE CHASE NON-VOTING EXECUTIVE DIRECTOR/SECRETA 30.00
Officer Director
$123,832 $0 $123,832
BRIAN STEPOWANY DIRECTOR 2.00
Director
$0 $0 $0
AMY STEWART VICE CHAIR 2.00
Officer Director
$0 $0 $0
MATT SWENSON DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL OKOROAFOR DIRECTOR 2.00
Director
$0 $0 $0
ERIC HENDERSON TREASURER 2.00
Officer Director
$0 $0 $0
UKACHI ANONYUO DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM SINGLETON VP EDUCATION 2.00
Officer Director
$0 $0 $0
JIM GEORGE NON-VOTING DIRECTOR OF EDUCATION 40.00
Director
$130,078 $0 $130,078
SARAH WASHBURN NON-VOTING GENERAL MANAGER 40.00
Director
$124,865 $0 $124,865
BARBARA DYKES NON-VOTING MEMBERSHIP MANAGER 25.00
Director
$78,097 $0 $78,097
LEANNE MUNOZ NON-VOTING MARKETING & COMMUNICATION 40.00
Director
$96,303 $0 $96,303
KRISTON EWOLDT NON-VOTING MEMBERSHIP DEVELOPMENT MANAGER 25.00
Director
$50,000 $0 $50,000
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 $1,150,515 $984,302 $1,415,124 $166,213
2023 $1,421,452 $1,047,297 $1,178,423 $374,155
2022 $1,230,760 $961,257 $694,857 $269,503
2021 $1,107,595 $852,867 $576,050 $254,728
2020 $996,979 $819,282 $258,412 $177,697
2019 $1,034,621 $961,893 $212,812 $72,728
2018 $1,024,761 $1,032,193 $183,702 $-7,432
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