Overview
What is Society Of Plastics Engineers Thermoforming Division?
The Society of Plastics Engineers Thermoforming Division, situated in Carol Stream, Illinois, is a nonprofit organization dedicated to the education of plastic manufacturers and engineers. They achieve this goal by offering a matching grant program, funding accredited schools to purchase Thermoforming equipment that aligns with their mission statement. Furthermore, scholarships are provided to students to foster learning in this field. Every two years, they organize a national tech conference to showcase new techniques in Thermoforming, offering training and exposing attendees to innovative technologies within the industry.
Official website here: www.thermoformingdivision.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Society Of Plastics Engineers Thermoforming Division has received a 76% rating from Charity Navigator, indicating a solid level of accountability and transparency. This score reflects the organization’s commitment to financial integrity, highlighted by its perfect scores in board independence and material diversion of assets.
The nonprofit boasts a fully independent board, with all 10 members meeting the criteria for independence. It also effectively documents its board meeting minutes and has its website listed on its tax forms, which contributes to its transparent operations. Furthermore, the organization demonstrates strong financial health, with a liabilities to assets ratio of 0.00%, indicating it has no liabilities relative to its assets.
Despite these strengths, the organization can improve its program expense ratio, currently at 75.88%. While this is still a respectable figure, there may be areas for enhancement to ensure that an even larger portion of its resources is directed towards its core programs. Overall, the Society Of Plastics Engineers Thermoforming Division showcases a responsible approach to governance and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Society Of Plastics Engineers Thermoforming Division legitimate?
Society Of Plastics Engineers Thermoforming Division is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of Plastics Engineers Thermoforming Division 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
Official website here: www.thermoformingdivision.com
What is the mission statement of Society Of Plastics Engineers Thermoforming Division?
The Society of Plastics Engineers Thermoforming Division's mission is centered around educating plastic manufacturers and engineers. They accomplish this by providing funding through a matching grant program to accredited educational institutions for the acquisition of Thermoforming equipment. The division ensures that the equipment and the associated programs align with its mission statement. Furthermore, it offers scholarships to students to further promote education in the field. Additionally, the organization hosts a national tech conference every two years, offering tech programs, training, and showcasing new techniques in the Thermoforming industry.
Official website here: www.thermoformingdivision.com
Who is the CEO of Society Of Plastics Engineers Thermoforming Division?
Paul Uphaus is the Chairman of Society Of Plastics Engineers Thermoforming Division.
Official website here: www.thermoformingdivision.com
What is the revenue of Society Of Plastics Engineers Thermoforming Division?
Society Of Plastics Engineers Thermoforming Division's revenue in 2023 was $76,870.
Official website here: www.thermoformingdivision.com
Who are the executives of Society Of Plastics Engineers Thermoforming Division and what are their salaries?
There 23 volunteers at Society Of Plastics Engineers Thermoforming Division.
Here are 5 key members and their salaries:
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Official website here: www.thermoformingdivision.com
Where can I find the form 990 for Society Of Plastics Engineers Thermoforming Division?
Society Of Plastics Engineers Thermoforming Division's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thermoformingdivision.com
Learn more at the official website: www.thermoformingdivision.com
Mission Statement of Society Of Plastics Engineers Thermoforming Division
The Society of Plastics Engineers Thermoforming Division is dedicated to educating plastic manufacturers and engineers. This nonprofit organization achieves its mission by offering a matching grant program that provides funds to accredited schools for the acquisition of Thermoforming equipment. The division ensures that the equipment and associated educational programs align with its mission statement. Furthermore, the Society of Plastics Engineers Thermoforming Division extends scholarships to students, contributing to the nurturing of future professionals in the field. Every two years, they host a national tech conference to offer tech programs, training, and showcase the latest techniques in the Thermoforming industry. This conference serves as a platform for professionals to network and stay updated on the advancements in the field.
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Impact
August, 2024
The Society of Plastics Engineers Thermoforming Division has a significant impact on the plastic manufacturing and engineering industry. Through its matching grant program, the division provides funds to accredited schools for the purchase of Thermoforming equipment, thereby supporting educational institutions in training future professionals in the field. This initiative helps improve the quality of education and training available to students interested in pursuing careers in plastic manufacturing and engineering.
Furthermore, by offering scholarships to students, the division not only encourages academic excellence but also provides financial support to individuals who may not have the means to pursue their education otherwise. This helps increase accessibility to educational opportunities and fosters talent development within the industry.
Additionally, the division's national tech conference held every two years plays a crucial role in advancing knowledge and skills in the Thermoforming industry. By providing tech programs, training sessions, and showcasing new techniques, the conference serves as a platform for professionals to stay updated on the latest developments and innovations in the field. This exchange of expertise and ideas contributes to the overall growth and enhancement of the Thermoforming industry.
In summary, the Society of Plastics Engineers Thermoforming Division's efforts in educating and supporting plastic manufacturers and engineers have a positive impact on the industry by fostering education, talent development, and innovation.
This information is meant to be a general summary of Society Of Plastics Engineers Thermoforming Division. 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 2023.
- Gross Receipts: $76,870
Assets and Liabilities:
- Total Assets: $231,404
- Total Liabilities: $0
- Net Assets: $231,404
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Organization Details
Founding Year
1998
Phone
(630) 665-1700Principal Officer
Paul Uphaus
Main Address
825 S WAUKEGAN RD A8 PMB 1072, LAKE FOREST, IL, 60045
NTEE Category
Code: S41 - Community improvement
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