PMMI EDUCATION & TRAINING FOUNDATION

EIN: 541820667 501(c)(3) Education

HERNDON, VA

Total Revenue
$1,139,888
Total Expenses
$1,139,888
Total Assets
$91,221
Net Assets
$52,170
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
VA
Principal Officer
JAMES E PITTAS
Phone
5716123200
Tax Period
2023-01-01 to 2023-12-31

PMMI EDUCATION & TRAINING FOUNDATION, founded in 1996, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE GRANTS AND SCHOLARSHIPS TO STUDENTS OF QUALIFIED TECHNICAL SCHOOLS AND UNIVERSITIES, AND TO EMPLOYEES OF THE PACKAGING MACHINERY MANUFACTURERS INSTITUTE'S MEMBER COMPANIES, FOR COMPLETION OF PACKAGING MACHINERY COURSEWORK OR RELATED ANCILLARY COURSES. PROVIDES GRANTS TO ORGANIZATIONS, TECHNICAL SCHOOLS AND UNIVERSITIES, THAT SUPPORT TRAINING OF THE CURRENT AND FUTURE INDUSTRY WORKFORCE.

Program Service Accomplishments

Program 1
Expenses: $846,406 Revenue: $4,653

THE SKILLS FUNDS MATCH PMMI MEMBER DONATIONS TO STUDENT EDUCATIONAL PROGRAMS WITH THE GOAL OF CREATING OR STREGNTHENING BONDS BETWEEN THE PACKAGING AND PROCESSING INDUSTRY AND EDUCATIONAL...

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THE SKILLS FUNDS MATCH PMMI MEMBER DONATIONS TO STUDENT EDUCATIONAL PROGRAMS WITH THE GOAL OF CREATING OR STREGNTHENING BONDS BETWEEN THE PACKAGING AND PROCESSING INDUSTRY AND EDUCATIONAL INSTITUTIONS. THE SKILLS FUNDS MATCHES FINANCIAL AND EQUIPMENT DONATIONS FROM PMMI MEMBER COMPANIES. SUPPORTED EDUCATIONAL PROGRAMS INCLUDE BUT ARE NOT LIMITED TO: BUILDING STEM LABS; SUPPORTING STUDENT ROBOTICS TEAMS; STUDENT MANUFACTURING SUMMER CAMPS.

Program 2
Expenses: $275,784

GRANTS AND SCHOLARSHIPS ARE PROVIDED TO STUDENTS OF QUALIFIED TECHNICAL SCHOOLS AND UNIVERSITIES, AND TO EMPLOYEES OF THE PACKAGING MACHINERY MANUFACTURERS INSTITUTE'S MEMBER COMPANIES, FOR...

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GRANTS AND SCHOLARSHIPS ARE PROVIDED TO STUDENTS OF QUALIFIED TECHNICAL SCHOOLS AND UNIVERSITIES, AND TO EMPLOYEES OF THE PACKAGING MACHINERY MANUFACTURERS INSTITUTE'S MEMBER COMPANIES, FOR COMPLETION OF PACKAGING MACHINERY COURSEWORK OR ANCILLARY COURSES. OVER THE PAST 25 YEARS, PMMI HAS PROVIDED MORE THAN $3 MILLION IN SCHOLARSHIP FUNDING THROUGH THE FOUNDATION AND SUPPORTING SCHOLARSHIP FUNDS.

Program 3
Expenses: $17,147 Revenue: $28,200

INCORPORATING CHALLENGES AT 30 EXHIBITOR BOOTHS, THE FOUNDATION-SPONSORED "AMAZING PACKAGING RACE" PITS CLASSMATES AGAINST EACH OTHER IN A COMPETITION DESIGNED TO FAMILIARIZE STUDENTS WITH THE...

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INCORPORATING CHALLENGES AT 30 EXHIBITOR BOOTHS, THE FOUNDATION-SPONSORED "AMAZING PACKAGING RACE" PITS CLASSMATES AGAINST EACH OTHER IN A COMPETITION DESIGNED TO FAMILIARIZE STUDENTS WITH THE PACKAGING AND PROCESSING INDUSTRIES, AS WELL AS BREAKS DOWN THE WALL BETWEEN INDUSTRY AND EDUCATION. TEAMS MADE UP OF FOUR STUDENTS, EACH FROM A DIFFERENT SCHOOL, RACED FROM BOOTH TO BOOTH FOR MORE THAN 3 HOURS. PERFORMATIN CHALLENGES THAT RANGED FROM SHOOTING VIDEOS ABOUT INDUSTRY EDUCATION TO CHANGING PACK PATTERNS ON A CASE PACKER, CHALLENGES WERE ASSIGNED A POINT VALUE BASED ON THE DIFFICULTY OF THE TASK AND HOW LONG IT SHOULD TAKE TO COMPLETE IT.

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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 $1,203,414
Program Service Revenue $32,853
Investment Income $2,276
Other Revenue $-98,655
TOTAL REVENUE $1,139,888

Expense Breakdown

Grants Paid $1,067,066
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,139,337
Other Expenses $72,822
TOTAL EXPENSES $1,139,888

Year-over-Year Comparison

2023 2022 Change
Revenue $1,139,888 $860,334 +0.3%
Expenses $1,139,888 $860,332 +0.3%
Net Income $0 $2 -1.0%
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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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
5
Independent Members
5
Employees
N/A
Volunteers
30

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
$1,674,743
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA ANDERSON CHAIRMAN 1.00
Officer Director
$0 $0 $0
EMMANUEL CERF IMMED. PAST CHAIR 1.00
Officer Director
$0 $0 $0
ANDREW BARRIEAU VICE CHAIR 1.00
Officer Director
$0 $0 $0
ROLANDO PENA DIRECTOR 1.00
Director
$0 $0 $0
NANCY WILSON DIRECTOR 1.00
Director
$0 $0 $0
JIM PITTAS PRESIDENT & CEO PMMI 2.00
Officer
$50,410 $88,996 $1,097,187
CRAIG SILVERIO VP, FINANCE 2.00
Officer
$24,941 $78,739 $577,556
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 $1,139,888 $1,139,888 $91,221 No data
2022 $860,334 $860,332 $160,168 $2
2021 $742,149 $742,151 $105,115 $-2
2020 $534,465 $534,464 $109,470 $1
2019 $576,184 $543,705 $82,421 $32,479
2018 $127,153 $231,015 $65,455 $-103,862
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