Flexible Packaging Association
- Assets
- $2.3m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Annapolis, MD
- Founding
- 01/1953
- Data as of
- 12/2021
- EIN
- 34-0737529
Organization Overview
Flexible Packaging Association is located in Annapolis, MD. The organization was established in 1953. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Flexible Packaging Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flexible Packaging Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Flexible Packaging Association generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE FLEXIBLE PACKAGING CONVERTERS AND SUPPLIERS TO THE INDUSTRY BY REPRESENTING THEIR INTERESTS TO GOVERNMENT, PROVIDING NETWORKING OPPORTUNITIES, PROMOTING THE VALUE OF THEIR PRODUCTS, EDUCATING THROUGH INDUSTRY SPECIFIC PROGRAMS, AND PROVIDING INDUSTRY DATA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY - PROMOTES THE INDUSTRY TO POLICY MAKERS AND CONSUMERS TO PROTECT AGAINST POTENTIAL BARRIERS TO GROWTH AND TO BUILD RELATIONS.
MARKETING AND COMMUNICATIONS - INCLUDES THE FLEXIBLE PACKAGING ACHIEVEMENT AWARDS PROGRAM, FLEXPACK VOICE(R) MAGAZINE, SOCIAL MEDIA, AND WEBSITES WITH INFORMATION ON THE ATTRIBUTES OF FLEXIBLE PACKAGING.
BUSINESS AND ECONOMICS - PRODUCED AND DISTRIBUTED STATISTICAL INFORMATION RELATING TO FLEXIBLE PACKAGING SUCH AS THE STATE OF THEINDUSTRY REPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Keane Chief Executive Officer | Officer | 40 | $329,765 |
Ram Singhal VP Of Technology & Environ | 40 | $113,903 | |
Kathy Bolhous Chairman Of The Board | OfficerTrustee | 1 | $0 |
Curt Begle Past Chairman Of The Board | OfficerTrustee | 1 | $0 |
Guenther Hering Treasurer | OfficerTrustee | 1 | $0 |
Dhuanne Dodrill Executive Committee | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Cyphers Agency Public Relations | 12/30/21 | $245,631 |
The Ygs Group Magazine | 12/30/21 | $241,271 |
Euromonitor Market Research | 12/30/21 | $214,781 |
Gibbs & Soell Inc Marketing/public Relations | 12/30/21 | $202,225 |
Serlin Haley Advocacy/lobbying | 12/30/21 | $182,097 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,528,762 |
| Investment income | $125,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $45,972 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $201,683 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,901,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $384,502 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,522 |
| Pension plan accruals and contributions | $49,964 |
| Other employee benefits | $77,629 |
| Payroll taxes | $45,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $139,645 |
| Fees for services: Accounting | $22,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,694 |
| Fees for services: Other | $1,530,504 |
| Advertising and promotion | $0 |
| Office expenses | $290,601 |
| Information technology | $33,119 |
| Royalties | $0 |
| Occupancy | $107,827 |
| Travel | $68,021 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $482,295 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,355 |
| Insurance | $15,415 |
| All other expenses | $0 |
| Total functional expenses | $5,154,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,302 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,245 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,072 |
| Net Land, buildings, and equipment | $48,862 |
| Investments—publicly traded securities | $2,038,984 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,992 |
| Total assets | $2,325,457 |
| Accounts payable and accrued expenses | $399,488 |
| Grants payable | $0 |
| Deferred revenue | $71,910 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,266 |
| Total liabilities | $500,664 |
| Net assets without donor restrictions | $1,824,793 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,325,457 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Personal Care Products Council Washington, DC | $26,566,920 | $19,071,135 |
American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |