Fibre Box Association FY2022 filing

Not tax-deductible

Itasca, IL501(c)(6)EIN 36-1068375

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Enhancement of the corrugated packaging industry

$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $226K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.4M
to officers and key staff · 39% of spending
Concern: pay to officers and key staff is 39% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$788K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 25 voting members
Looks good: 23 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
+7% vs prior year
Spent
$3.7M
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$3.9M
FY2022▲ +7%
Revenue by fiscal year
FY2020$3.6M
FY2021$3.6M
FY2022$3.9M
FY2023$4.7M
FY2024$4.2M
Expenses
$3.7M
FY2022▲ +10%
Expenses by fiscal year
FY2020$3.8M
FY2021$3.4M
FY2022$3.7M
FY2023$3.8M
FY2024$4.2M
Net assets
$1.3M
FY2022▲ +14%
Net assets by fiscal year
FY2020$877K
FY2021$1.1M
FY2022$1.3M
FY2023$1.0M
FY2024$1.0M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1941.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

29 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$500,168Pt VII · Sec A
Senior Vice President
$295,357Pt VII · Sec A
Director, Administration &
$195,195Pt VII · Sec A
Director of Technical, Env
$164,018Pt VII · Sec A
Director of Marketing Comm
$160,127Pt VII · Sec A
$119,640Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Dennis Colley$315,625$428,316$500,168$482,700$471,012
Robert McIlvaine$458,138$285,219———
Rachel Kenyon$332,779$301,723$295,357$264,463$257,553
Margaret Lacy$123,390$195,820$195,195$178,738$173,310
Mary Drain—$116,762$164,018$157,495$124,956
Caitlin Salaverria—$161,528$160,127$138,130$123,039
Chase Kammerer$129,149$124,401$119,640——
Victoria Miksis$113,608$111,835———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Fibre Box Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves the corrugated packaging industry through research and development.

Provided by the organization

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2 programs · in their own filed words · FY2022
01

Enhancement of industry by providing uniform standards, educational programs, promotion, and dissemination of information to its approximately 116 members.

Pt IX · col B
02

Coordinating an effort within the industry to respond to the U.S. Environmental protection agency.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$50K
Grants paid · 4 grants · $95K · 2020–2023

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Fees for servicesLn 2g$3.3M
Other incomeLn 4–11$553K
Money outPt IX
$3.7M
Ln 25
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$574K
Total assetsLn 16$2.1M
LiabilitiesLn 26$788K
PeoplePt VI, VII
29
listed · VII A
PaidVII A6
Voting boardVI 1a25
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.3M
Other incomeLn 4–11$553K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$574K
Cash and savings togetherLn 1–2$574K
Land, buildings, equipmentLn 10c$219K
Total assetsLn 16$2.1M
LiabilitiesLn 26$788K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 59
VolunteersI 623
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$199K$574K
Land, buildings, equipmentLn 10c$257K$219K
Total assetsLn 16$1.6M$2.1M
LiabilitiesLn 26$443K$788K
Net assetsLn 32$1.1M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K
Pay of current officers, directors and key staffLn 5$956K
Other salaries and wagesLn 7$712K
Pension plan contributionsLn 8$102K
Other employee benefitsLn 9$150K
Payroll taxesLn 10$85K
Legal feesLn 11b$146K
Accounting feesLn 11c$4K
Other fees for servicesLn 11g$757K
Office expensesLn 13$77K
OccupancyLn 16$151K
TravelLn 17$80K
Conferences, conventions and meetingsLn 19$195K
Depreciation, depletion and amortizationLn 22$38K
InsuranceLn 23$25K
Other expenses (24a–d)Ln 24$199K
Total functional expensesLn 25$3.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.2M$4.2M$7K$1.0M 990 PDF
FY2023 $4.7M$3.8M$929K$1.0M 990 PDF
FY2022 Viewing $3.9M$3.7M$162K$1.3M 990 PDF
FY2021 $3.6M$3.4M$241K$1.1M 990 PDF
FY2020 $3.6M$3.8M−$209K$877K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $3,864,655 across 3 lines filed
Lines not itemized here account for $134,000 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,311,590$3,311,590
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $419,065$419,065
VIII-12 Total revenueRelated to mission $3,864,655 · Unrelated business $0 · Excluded from tax $0$3,864,655
Part IX · Statement of functional expenses $3,703,127 across 16 lines filed
IX-1 Grants to domestic organizations$25,000
IX-5 Pay of current officers, directors and key staff$956,099
IX-7 Other salaries and wages$712,331
IX-8 Pension plan contributions$101,997
IX-9 Other employee benefits$150,029
IX-10 Payroll taxes$85,172
IX-11b Legal fees$146,443
IX-11c Accounting fees$4,000
IX-11g Other fees for services$757,274
IX-13 Office expenses$76,924
IX-16 Occupancy$150,787
IX-17 Travel$80,043
IX-19 Conferences, conventions and meetings$195,387
IX-22 Depreciation, depletion and amortization$38,129
IX-23 Insurance$24,601
IX-24 Other expenses (24a–d)$198,911
IX-25 Total functional expenses$3,703,127
Part X · Balance sheet $2,067,902 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $199,317$573,599
X-4 Accounts receivableStart of year $988,961$1,231,043
X-8 Inventories for sale or useStart of year $31,175$23,965
X-9 Prepaid expenses and deferred chargesStart of year $84,408$20,298
X-10c Land, buildings and equipment, netStart of year $257,126$218,997
X-16 Total assetsStart of year $1,560,987$2,067,902
X-17 Accounts payable and accrued expensesStart of year $372,816$410,203
X-19 Deferred revenueStart of year $70,000$378,000
X-26 Total liabilitiesStart of year $442,816$788,203
X-27 Net assets without donor restrictionsStart of year $1,118,171$1,279,699
X-32 Total net assets or fund balancesStart of year $1,118,171$1,279,699
X-33 Total liabilities and net assetsStart of year $1,560,987$2,067,902
Part XI · Reconciliation of net assets $1,279,699 net assets at year end
XI-1 Total revenue$3,864,655
XI-2 Total expenses$3,703,127
XI-3 Revenue less expenses$161,528
XI-4 Net assets at start of year$1,118,171
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,279,699

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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