Overview
What is Polymer Processing Institute?
The Polymer Processing Institute is a private, non-profit organization situated in Newark, New Jersey. Established in 1982, its primary mission is to foster public understanding in the field of polymer processing through scientific research and education, both domestically and internationally. The institute specializes in advancing knowledge related to medical devices and pharmaceutical applications, packaging, recycling, paints, and coatings, among other areas. It provides research and educational resources, and houses laboratories and equipment for students engaged in polymer-related studies. The institute generates significant revenue from subcontracts with the New Jersey Institute of Technology and research fees from public and private companies involved in polymer research. With a team of 13 dedicated individuals, the Polymer Processing Institute plays a crucial role in the polymer industry.
Official website here: www.polymers-ppi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Polymer Processing Institute has achieved a 79% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization demonstrates strong governance with a majority of independent board members, ensuring that oversight and decisions are made transparently and in the best interest of stakeholders.
Financial metrics reflect positively on the Institute, with a program expense ratio of 92.54%, suggesting that a significant majority of its funds are allocated directly to its programs. Additionally, the organization maintains a low liabilities to assets ratio of 8.14%, which points to fiscal responsibility and stability.
Despite these strengths, there is always room for improvement in various areas of nonprofit management. Continuous evaluation and enhancement of their operations could further bolster their effectiveness and community impact, ensuring they remain a trustworthy choice for donors and beneficiaries alike.
This AI summary has been generated from information found on Charity Navigator.
Is Polymer Processing Institute legitimate?
Polymer Processing Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Polymer Processing Institute 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: $378,307
Professional Fundraising Fees: $0
Other Salaries and Wages: $820,856
For more financial information, click here
Official website here: www.polymers-ppi.org
What is the mission statement of Polymer Processing Institute?
The Polymer Processing Institute, established in 1982, is a non-profit organization dedicated to advancing public knowledge in the field of polymer processing. It achieves this goal through scientific research and education, primarily conducted within the United States and internationally. The institute generates significant revenue from subcontracts with the New Jersey Institute of Technology, which undertakes federal government-funded research projects in the polymer sector, and from research fees from both public and private companies. The primary objective of the Polymer Processing Institute is to contribute to the art, science, and technology of polymer processing, focusing on applications in medical devices and pharmaceuticals, packaging, recycling, paints, and coatings.
Official website here: www.polymers-ppi.org
Who is the CEO of Polymer Processing Institute?
Ming Wan Young is the President of Polymer Processing Institute.
Official website here: www.polymers-ppi.org
What is the revenue of Polymer Processing Institute?
Polymer Processing Institute's revenue in 2022 was $5,166,367.
Official website here: www.polymers-ppi.org
Who are the executives of Polymer Processing Institute and what are their salaries?
The average compensation at Polymer Processing Institute during 2022 was $92,243. There are 13 employees and 9 volunteers at Polymer Processing Institute.
Here are 13 key members and their salaries:
- Compensation: $256,887
- Related: $0
- Other: $33,605
- Compensation: $107,596
- Related: $0
- Other: $0
- Compensation: $55,500
- Related: $0
- Other: $5,779
- Compensation: $56,300
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.polymers-ppi.org
Where can I find the form 990 for Polymer Processing Institute?
Polymer Processing Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.polymers-ppi.org
Learn more at the official website: www.polymers-ppi.org
Mission Statement of Polymer Processing Institute
The Polymer Processing Institute, established in 1982, is a private, non-profit organization with a mission to advance public knowledge in the field of polymer processing. This is achieved through scientific research and education conducted both domestically and internationally. The Institute garnered significant revenue from subcontracts with the New Jersey Institute of Technology, which in turn carries out federal government-funded research projects in the polymer sector. Additionally, the Institute generates revenue from research fees from both public and private entities. In essence, the Polymer Processing Institute serves as a hub for the dissemination and advancement of knowledge in polymer processing, contributing to various applications such as medical devices, pharmaceuticals, packaging, recycling, paints, and coatings.
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Impact
October, 2024
The Polymer Processing Institute significantly advances research and education in the polymer field, impacting various industries, including medical devices, pharmaceuticals, packaging, recycling, paints, and coatings. By providing essential research, publications, and educational opportunities, it enhances the understanding and applications of polymer science and technology.
The Institute offers laboratories and equipment for students and researchers, facilitating hands-on experience and innovation. Through collaborations with organizations like the New Jersey Institute of Technology, it engages in groundbreaking research projects funded by both public and private entities, which helps to push the boundaries of polymer processing technology.
By fostering a strong knowledge base and encouraging the development of new techniques and materials, the Polymer Processing Institute plays a crucial role in shaping the future of polymer applications across multiple sectors, contributing to advancements in product performance and sustainability.
This information is meant to be a general summary of Polymer Processing Institute. 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.
- Investment Income: $6,500
- Program Service Revenue: $1,311,933
- Gross Receipts: $5,166,367
Assets and Liabilities:
- Total Assets: $5,522,179
- Total Liabilities: $414,175
- Net Assets: $5,108,004
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH FEES
Revenue
$1,311,933
Organization Details
Founding Year
1982
Phone
(973) 596-5896Principal Officer
Ming Wan Young
Main Address
NJIT-GITC BUILDING ROOM 3901, NEWARK, NJ, 07102
Website
www.polymers-ppi.orgNTEE Category
Code: U00 - Science research
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