Overview
What is Future Of Plastics Foundation?
The Future of Plastics Foundation is a nonprofit organization situated in Washington D.C., specifically at 1425 K ST NW 500. Its primary purpose is to safeguard and boost the plastics industry. The organization achieves this by funding programs and initiatives that disseminate reliable and trustworthy information about plastics to key stakeholders, such as policymakers and consumers. By showcasing the positive impact of plastics on the environment and daily life, the foundation aims to help individuals make informed choices about the products they use. The foundation takes a proactive approach to address concerns credibly and promptly, ensuring that plastics remain a preferred material for future generations. In essence, its mission is to support the plastics industry by promoting its benefits and addressing any related concerns effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 38% (Zero-Star out of Four Star Rating)
The Future Of Plastics Foundation has received a low rating of 38%, indicating significant concerns regarding its accountability and financial practices. The organization has been marked down for not having independent board members, which raises questions about the governance and oversight of its operations. Additionally, several crucial policies, including conflict of interest and whistleblower policies, are missing, which could potentially expose the organization to risks.
Despite these shortcomings, the foundation shows a commitment to its program expenses, reportedly allocating 100% of its expenditures towards its programs. However, the high liabilities to assets ratio of 105.23% is alarming, suggesting that the organization may be over-leveraged and could face financial instability.
Overall, the Future Of Plastics Foundation demonstrates a lack of transparency and governance, which could hinder public trust and support. Potential donors and supporters should consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Future Of Plastics Foundation legitimate?
Future Of Plastics Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Future Of Plastics Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Future Of Plastics Foundation?
The Future of Plastics Foundation aims to safeguard and boost the plastics industry by taking a proactive approach. This proactive approach involves addressing the concerns of valued customers promptly and credibly, while also demonstrating to consumers the positive impact of plastics on their daily lives. By doing so, the foundation intends to ensure that plastics remain the preferred material for future generations, while simultaneously helping, protecting, and promoting the plastics industry. The foundation's initiatives, funded by donations, provide reliable and scientific information about plastics to key stakeholders, policymakers, and the public, enabling them to make informed decisions about the products they use daily.
Who is the CEO of Future Of Plastics Foundation?
Matthew Seaholm is the Chair of Future Of Plastics Foundation.
What is the revenue of Future Of Plastics Foundation?
Future Of Plastics Foundation's revenue in 2022 was $70,836.
Who are the executives of Future Of Plastics Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $197,511
- Other: $5,925
- Compensation: $0
- Related: $370,693
- Other: $15,250
- Compensation: $0
- Related: $342,958
- Other: $33,693
- Compensation: $0
- Related: $289,568
- Other: $15,250
Where can I find the form 990 for Future Of Plastics Foundation?
Future Of Plastics Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Future Of Plastics Foundation
The Future of Plastics Foundation's mission is centered around safeguarding and advocating for the plastics industry. The organization aims to ensure that plastics remain the preferred material for future generations by addressing the concerns of valued customers promptly and credibly. It aspires to demonstrate to consumers the favorable impact of plastics on their daily lives. By taking a proactive approach, the Future of Plastics Foundation seeks to protect and promote the plastics industry. The foundation's activities include funding programs and initiatives that provide reliable, scientific information about plastics to key stakeholders, policy-makers, and consumers. This information aims to showcase the role of plastics in contributing to a sustainable environment, enabling the public to make informed decisions about the products they use daily.
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Impact
August, 2024
The Future of Plastics Foundation works diligently to protect and promote the plastics industry by providing sound-science and trustworthy information to key stakeholders. Through their programs and initiatives, they aim to showcase the contribution of plastics to a sustainable environment and empower the public to make informed choices about everyday products. By advocating for the benefits of plastics, the foundation plays a crucial role in ensuring that plastics remain the material of choice for future generations. Their proactive approach helps address concerns promptly and credibly, demonstrating how plastics positively impact our lives on a daily basis.
This information is meant to be a general summary of Future Of Plastics Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $62,336
- Gross Receipts: $70,836
Assets and Liabilities:
- Total Assets: $107,087
- Total Liabilities: $112,695
- Net Assets: -$5,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS
Revenue
$40,000
MEETINGS & TRADE SHOWS
Revenue
$22,336
Organization Details
Founding Year
1937
Phone
(202) 974-5200Principal Officer
Matthew Seaholm
Main Address
1425 K ST NW 500, WASHINGTON, DC, 20005
NTEE Category
Code: U40 - Science research
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