Fibre Box Association FY2023 filing

Not tax-deductible

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

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Enhancement of the corrugated packaging industry

$1.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · 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
$1.7M
to officers and key staff · 46% of spending
Concern: pay to officers and key staff is 46% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
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
$468K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 23 voting members
Looks good: 22 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
+21% vs prior year
Spent
$3.8M
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$4.7M
FY2023▲ +21%
Revenue by fiscal year
FY2020$3.6M
FY2021$3.6M
FY2022$3.9M
FY2023$4.7M
FY2024$4.2M
Expenses
$3.8M
FY2023▲ +2%
Expenses by fiscal year
FY2020$3.8M
FY2021$3.4M
FY2022$3.7M
FY2023$3.8M
FY2024$4.2M
Net assets
$1.0M
FY2023▼ -21%
Net assets by fiscal year
FY2020$877K
FY2021$1.1M
FY2022$1.3M
FY2023$1.0M
FY2024$1.0M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

30 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
Past President
$428,316Pt VII · Sec A
Senior Vice President
$301,723Pt VII · Sec A
$285,219Pt VII · Sec A
Director, Administration &
$195,820Pt VII · Sec A
Director of Marketing Comm
$161,528Pt VII · Sec A
$124,401Pt VII · Sec A
Director of Technical, Env
$116,762Pt VII · Sec A
$111,835Pt 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 · FY2023
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$3
Money outPt IX
$3.8M
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$1.5M
LiabilitiesLn 26$468K
PeoplePt VI, VII
30
listed · VII A
PaidVII A8
Voting boardVI 1a23
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$3
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
Land, buildings, equipmentLn 10c$227K
Total assetsLn 16$1.5M
LiabilitiesLn 26$468K
Net assetsLn 32$1.0M
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 FY23End FY23
Cash and savingsLn 1–2$574K$30K
Land, buildings, equipmentLn 10c$219K$227K
Total assetsLn 16$2.1M$1.5M
LiabilitiesLn 26$788K$468K
Net assetsLn 32$1.3M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$21K
Pay of current officers, directors and key staffLn 5$1.7M
Other salaries and wagesLn 7$128K
Pension plan contributionsLn 8$214K
Other employee benefitsLn 9$133K
Payroll taxesLn 10$106K
Legal feesLn 11b$201K
Other fees for servicesLn 11g$118K
Advertising and promotionLn 12$181K
Office expensesLn 13$6K
Information technologyLn 14$11K
OccupancyLn 16$133K
TravelLn 17$562K
Conferences, conventions and meetingsLn 19$54K
InsuranceLn 23$22K
Other expenses (24a–d)Ln 24$150K
Total functional expensesLn 25$3.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.2M$4.2M$7K$1.0M 990 PDF
FY2023 Viewing $4.7M$3.8M$929K$1.0M 990 PDF
FY2022 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $4,695,067 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,695,064$4,695,064
VIII-3 Investment incomeExcluded from tax $3$3
VIII-12 Total revenueRelated to mission $4,695,064 · Unrelated business $0 · Excluded from tax $3$4,695,067
Part IX · Statement of functional expenses $3,765,720 across 16 lines filed
IX-1 Grants to domestic organizations$21,114
IX-5 Pay of current officers, directors and key staff$1,725,604
IX-7 Other salaries and wages$128,028
IX-8 Pension plan contributions$214,070
IX-9 Other employee benefits$132,720
IX-10 Payroll taxes$106,119
IX-11b Legal fees$201,370
IX-11g Other fees for services$117,853
IX-12 Advertising and promotion$181,317
IX-13 Office expenses$5,909
IX-14 Information technology$10,945
IX-16 Occupancy$132,747
IX-17 Travel$561,599
IX-19 Conferences, conventions and meetings$54,129
IX-23 Insurance$22,344
IX-24 Other expenses (24a–d)$149,852
IX-25 Total functional expenses$3,765,720
Part X · Balance sheet $1,479,750 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $573,599$30,102
X-4 Accounts receivableStart of year $1,231,043$1,207,463
X-8 Inventories for sale or useStart of year $23,965$0
X-9 Prepaid expenses and deferred chargesStart of year $20,298$15,062
X-10c Land, buildings and equipment, netStart of year $218,997$227,123
X-16 Total assetsStart of year $2,067,902$1,479,750
X-17 Accounts payable and accrued expensesStart of year $410,203$468,230
X-19 Deferred revenueStart of year $378,000$0
X-26 Total liabilitiesStart of year $788,203$468,230
X-27 Net assets without donor restrictionsStart of year $1,279,699$1,011,520
X-32 Total net assets or fund balancesStart of year $1,279,699$1,011,520
X-33 Total liabilities and net assetsStart of year $2,067,902$1,479,750
Part XI · Reconciliation of net assets $1,011,520 net assets at year end
XI-1 Total revenue$4,695,067
XI-2 Total expenses$3,765,720
XI-3 Revenue less expenses$929,347
XI-4 Net assets at start of year$1,279,699
XI-8 Prior period adjustments−$1,197,526
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,011,520

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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