International Corrugated Packaging Foundation
- Assets
- $18.1m
- Revenue
- $810.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Itasca, IL
- Founding
- 10/1988
- Data as of
- 12/2023
- EIN
- 54-1366696
Organization Overview
International Corrugated Packaging Foundation is located in Itasca, IL. The organization was established in 1988. According to its NTEE Classification (Q19) the organization is classified as: Support N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, International Corrugated Packaging Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Corrugated Packaging Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, International Corrugated Packaging Foundation generated $810.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, International Corrugated Packaging Foundation has awarded 22 individual grants totaling $1,282,620. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GENERATE A STREAM OF INCREASINGLY QUALIFIED STUDENTS TO ENTER THE CORRUGATED INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PROGRAMS, EQUIPMENT, FINANCIAL, AND OTHER SUPPORT TO UNIVERSITIES, COLLEGES, AND TRADE SCHOOLS TO ENHANCE STUDENTS' EDUCATION AND UNDERSTANDING OF THE CAREERS IN THE GLOBAL CORRUGATED PACKAGING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Colley Director | Trustee | 1 | $0 |
Mike D'angelo Director | Trustee | 2 | $0 |
Tim Bergwall Immediate Past Chairman | Trustee | 1 | $0 |
Jack Fiterman Director | Trustee | 1 | $0 |
Bryan Hollenbach Director | Trustee | 1 | $0 |
John Kelley Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $137,183 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $439,187 |
| Noncash contributions included in lines 1a–1f | $33,683 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $576,370 |
| Total Program Service Revenue | $0 |
| Investment income | $371,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$153,924 |
| Net Income from Fundraising Events | $17,052 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $810,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $745,115 |
| 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. | $204,160 |
| Compensation of current officers, directors, key employees. | $61,248 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,542 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,273 |
| Payroll taxes | $9,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,772 |
| Fees for services: Accounting | $17,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,100 |
| Fees for services: Other | $1,776 |
| Advertising and promotion | $0 |
| Office expenses | $2,511 |
| Information technology | $20,108 |
| Royalties | $0 |
| Occupancy | $9,800 |
| Travel | $13,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,886 |
| Insurance | $7,530 |
| All other expenses | $2,508 |
| Total functional expenses | $1,184,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $951,965 |
| Pledges and grants receivable | $444,820 |
| Accounts receivable, net | $0 |
| 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 | $32,595 |
| Net Land, buildings, and equipment | $9,863 |
| Investments—publicly traded securities | $16,655,560 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,094,803 |
| Accounts payable and accrued expenses | $22,194 |
| Grants payable | $343,677 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $365,871 |
| Net assets without donor restrictions | $11,500,896 |
| Net assets with donor restrictions | $6,228,036 |
| 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 | $18,094,803 |
Grants Awarded
Over the last fiscal year, International Corrugated Packaging Foundation has awarded $745,115 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA TECH PURPOSE: Research project. | $9,550 |
INDIANA STATE UNIVERSITY PURPOSE: Sponsorship for Student Ambassador and Career Immersion | $30,000 |
APPALACHIAN STATE UNIVERSITY PURPOSE: To support corrugated packaging program | $94,725 |
CLEMSON UNIVERSITY PURPOSE: To support corrugated packaging program | $251,369 |
CALIFORNIA POLYTECHNIC STATE UNIVERSITY PURPOSE: To support corrugated packaging program | $359,471 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wings Of Hope Incorporated St Louis, MO | $15,849,148 | $2,867,897 |
International Corrugated Packaging Foundation Itasca, IL | $18,094,803 | $810,761 |
Africans Reaching Africa Inc Granger, IN | $1,037,225 | $882,801 |
Hearing The Call Inc Fort Wayne, IN | $832,836 | $548,721 |
Skygen International Foundation Menomonee Falls, WI | $256,726 | $279,017 |
Opportunity Inc Chicago, IL | $124,614 | $331,711 |
Worldwide Hearts & Hands Inc Lexington, KY | $538,060 | $241,240 |
Canaan Ministry Of Africa Buffalo Grove, IL | $2,405 | $103,424 |
Mt Meru Coffee Project Inc Waukesha, WI | $258,230 | $0 |
American Friends Of The National Institute For Psychobiology Israel Chicago, IL | $5,337 | $45,899 |
Kurnool Medical College Alumni Of North America Burr Ridge, IL | $36,000 | $0 |