Overview
What is Foundation Of Flexographic Technical Assocation Inc?
The Foundation of Flexographic Technical Association Inc., based in Bohemia, New York, serves as a significant entity in the flexographic printing industry. This nonprofit organization's primary objective is to advance and improve the flexographic printing/converting sector through education, research, training, and scholarship opportunities. They conduct annual competitions for print, design, environmental, and technology awards, offering educational seminars, workshops, and interactive training sessions through their TECH (Technical Education Services Team) program. Their monthly publication, Flexo Magazine, features high-level technical articles, market reports, technology trend features, and industry news. With a dedicated workforce of 11 individuals, the Foundation of Flexographic Technical Association Inc. is committed to promoting and advancing the flexographic printing process.
Official website here: www.flexography.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Foundation of Flexographic Technical Association Inc has received an overall score of 86%, reflecting strong accountability and financial practices. The charity's high score in this category is indicative of its effective governance, with 100% of board members being independent, which enhances the integrity of its oversight. Additionally, the organization has established solid financial management practices, evidenced by a comprehensive audit and oversight committee.
Strengths of the foundation include a robust program expense ratio of 81.59%, demonstrating a significant commitment to its mission-related activities. The organization also maintains transparency through policies such as a whistleblower policy and documented board meeting minutes. These factors contribute to a high level of trustworthiness and reliability in managing donor funds.
However, while the foundation excels in many areas, its liabilities to assets ratio of 63.93% suggests there may be some financial risk. This metric indicates that a considerable proportion of its assets are tied up in liabilities, which could affect financial stability in the long term. Overall, while the foundation showcases many strengths, potential donors should consider this aspect when evaluating its financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation Of Flexographic Technical Assocation Inc legitimate?
Foundation Of Flexographic Technical Assocation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Of Flexographic Technical Assocation Inc 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: $101,576
Professional Fundraising Fees: $0
Other Salaries and Wages: $896,750
For more financial information, click here
Official website here: www.flexography.org
What is the mission statement of Foundation Of Flexographic Technical Assocation Inc?
The Foundation of Flexographic Technical Association Inc. is committed to promoting and advancing the flexographic printing process. To achieve this, they conduct various activities such as annual awards competitions, educational seminars, workshops, and interactive training programs. Their Technical Education Services Team (TEST) is instrumental in offering these educational initiatives. The organization also publishes a magazine called Flexo, which features high-level technical articles, market reports, and technology trend features, providing valuable insights to the flexographic printing industry. The publication is timely, targeted, and technical, offering members the latest trends and technologies, along with hard-hitting data and market information.
Official website here: www.flexography.org
Who is the CEO of Foundation Of Flexographic Technical Assocation Inc?
Brad Pareso is the Interim Pres of Foundation Of Flexographic Technical Assocation Inc.
Official website here: www.flexography.org
What is the revenue of Foundation Of Flexographic Technical Assocation Inc?
Foundation Of Flexographic Technical Assocation Inc's revenue in 2022 was $2,554,591.
Official website here: www.flexography.org
Who are the executives of Foundation Of Flexographic Technical Assocation Inc and what are their salaries?
The average compensation at Foundation Of Flexographic Technical Assocation Inc during 2022 was $90,757. There are 11 employees and 75 volunteers at Foundation Of Flexographic Technical Assocation Inc.
Here are 18 key members and their salaries:
- Compensation: $101,576
- Related: $33,859
- Other: $13,720
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- Compensation: $77,377
- Related: $25,792
- Other: $27,473
- Compensation: $185,793
- Related: $9,779
- Other: $4,020
- Compensation: $117,142
- Related: $39,047
- Other: $4,277
- Compensation: $145,182
- Related: $0
- Other: $21,900
- Compensation: $99,626
- Related: $42,696
- Other: $4,396
Official website here: www.flexography.org
Where can I find the form 990 for Foundation Of Flexographic Technical Assocation Inc?
Foundation Of Flexographic Technical Assocation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.flexography.org
Learn more at the official website: www.flexography.org
Mission Statement of Foundation Of Flexographic Technical Assocation Inc
The Foundation of Flexographic Technical Association, Inc., a prominent organization in the flexographic printing industry, is dedicated to promoting and advancing this specific printing process. By focusing on education, research, and scholarships, the foundation aims to enhance the capabilities and knowledge within the industry. They conduct annual awards competitions, offering recognition for outstanding achievements in print design, environmental impact, technology, and more. Furthermore, the foundation offers educational seminars, workshops, and interactive training programs through their Technical Education Services Team (TEST). Their monthly publication, Flexo Magazine, serves as a crucial resource for the industry, featuring high-level technical articles, market reports, and trend features. Employing the latest web-publishing technology, Flexo Magazine provides timely, targeted, and technical information, enabling members to maximize their printing capabilities.
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Impact
October, 2024
The Foundation of Flexographic Technical Association Inc. significantly advances the flexographic printing and converting industry through a multifaceted approach focused on education, training, and innovation. By providing scholarships, the foundation supports the development of future industry leaders, ensuring a robust pipeline of talent.
Its annual competitions for printing, design, environmental, and technology awards recognize excellence and push the boundaries of creativity and technological advancement within the field. Through educational seminars, workshops, and interactive training programs facilitated by the Technical Education Services Team (TEST), professionals gain access to critical skills and knowledge that enhance their capabilities and drive industry growth.
Additionally, the publication of Flexo Magazine serves as a vital resource, delivering high-level technical articles, market reports, and coverage of the latest industry trends. This ensures that stakeholders are well-informed, helping them to make strategic decisions based on the most current data and information. Collectively, these initiatives position the foundation as a catalyst for progress in the flexographic printing industry, fostering a more knowledgeable and innovative community that contributes to overall industry improvement.
This information is meant to be a general summary of Foundation Of Flexographic Technical Assocation Inc. 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: $64,501
- Program Service Revenue: $2,477,134
- Gross Receipts: $3,471,278
Assets and Liabilities:
- Total Assets: $5,707,666
- Total Liabilities: $3,649,438
- Net Assets: $2,058,228
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEETINGS & EXHIBITS
Revenue
$1,478,093
TRAINING AND EDUCATION
Revenue
$504,004
ADVERTISING INCOME
Revenue
$485,072
OTHER REVENUE
Revenue
$9,965
Organization Details
Founding Year
1974
Phone
(631) 737-6020Principal Officer
Brad Pareso
Main Address
80 ORVILLE DRIVE SUITE 100, BOHEMIA, NY, 11716
Website
www.flexography.orgNTEE Category
Code: S41Z - Community improvement
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