International Corrugated Packaging Foundation

EIN: 541366696 501(c)(3) International Affairs

Itasca, IL

Total Revenue
$1,247,052
Total Expenses
$1,523,603
Total Assets
$19,706,480
Net Assets
$19,511,689
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
IL
Principal Officer
Caitlin Salaverria
Phone
8472262671
Tax Period
2025-01-01 to 2025-12-31

International Corrugated Packaging Foundation, founded in 1985, is a community nonprofit in the International Affairs sector that reported $1.2M in total revenue in fiscal year 2025. Expenses of $1.5M exceeded revenue, resulting in a 22% operating deficit.

Mission

Generate a stream of increasingly qualified students to enter the corrugated industry.

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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 (2025)

Revenue Breakdown

Contributions & Grants $308,005
Program Service Revenue $0
Investment Income $944,704
Other Revenue $-5,657
TOTAL REVENUE $1,247,052

Expense Breakdown

Grants Paid $552,888
Salaries & Benefits $594,734
Fundraising Expenses $111,887
Program Expenses $1,209,016
Other Expenses $375,981
TOTAL EXPENSES $1,523,603

Year-over-Year Comparison

2025 2024 Change
Revenue $1,247,052 $1,233,633 +0.0%
Expenses $1,523,603 $1,270,523 +0.2%
Net Income $-276,551 $-36,890 +6.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
3
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
1
$296,237
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike D'Angelo Director 2.00
Director
$0 $0 $0
Jack Fiterman Director 1.00
Director
$0 $0 $0
Matt Szymanski Director 1.00
Director
$0 $0 $0
John Kelley Chairman 1.00
Director
$0 $0 $0
Greg Tucker Director 2.00
Director
$0 $0 $0
Neal McConnellogue Director 1.00
Director
$0 $0 $0
Al Hoodwin Director 1.00
Director
$0 $0 $0
Greg Tucker Director 1.00
Director
$0 $0 $0
John Lingle Director 1.00
Director
$0 $0 $0
Jay Carman Director 1.00
Director
$0 $0 $0
Gene Marino Director 1.00
Director
$0 $0 $0
Trent Mayol Director 1.00
Director
$0 $0 $0
Bob Mcllvaine Director 1.00
Director
$0 $0 $0
Joe Palmeri Director 1.00
Director
$0 $0 $0
Jana Harris Director 1.00
Director
$0 $0 $0
Greg Jones Director 1.00
Director
$0 $0 $0
Jaime Kolligian Director 1.00
Director
$0 $0 $0
David Dennis Director 1.00
Director
$0 $0 $0
Caitlin Salaverria President 40.00
Officer
$260,336 $35,901 $296,237
Victoria Miksis Research and Strategic Partnerships Manager 40.00
Highest
$126,425 $6,843 $133,268
Alexandra Lemoine Marketing and Education Outreach Manager 40.00
Highest
$120,581 $15,768 $136,349
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 $1,247,052 $1,523,603 $19,706,480 $-276,551
2024 $1,233,633 $1,270,523 $18,692,752 $-36,890
2023 $810,761 $1,184,265 $18,094,803 $-373,504
2022 $3,496,085 $743,063 $16,573,197 $2,753,022
2021 $1,163,366 $556,769 $19,340,867 $606,597
2020 $644,466 $557,053 $17,525,762 $87,413
2019 $846,505 $614,717 $16,420,971 $231,788
2018 $1,381,204 $682,929 $14,543,467 $698,275
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