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Pressure Sensitive Tapt Council INC

Not tax-deductible

Chicago, IL501(c)(6)Mutual / membership EIN 36-6109280Revenue $1.3M in FY2024

On file with the IRSpstc.org111 W Jackson Blvd Ste 1412, 60604-3588 · Chicago, ILTax-exempt since Feb 1955

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The pstc is recognized as the influential north american trade association of world-class Pressure Sensitive adhesive tape manufacturers and their suppliers, whose goal is to increase the global usage of psa tape products.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 75 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $46K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
4 mo
of spending, in cash
Plus $788K in investments, Pt X · Ln 11–13
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$235K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+10% vs prior year
Spent
$1.0M
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$522K
FY2021$553K
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M
Expenses
$1.0M
FY2024-0.03%
Tap a bar for its year
Expenses by fiscal year
FY2020$721K
FY2021$682K
FY2022$988K
FY2023$1.0M
FY2024$1.0M
Net assets
$1.0M
FY2024▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2020$638K
FY2021$527K
FY2022$635K
FY2023$781K
FY2024$1.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1955.

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Joe Tocci
President
$0Pt VII · Sec A
Jonathan Hirsh
Vice President (incoming President)
$0Pt VII · Sec A
Ed Laforge
Treasurer
$0Pt VII · Sec A
Michel Merkx
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jason Kirk
Director
$0Pt VII · Sec A
See Pressure Sensitive Tapt Council INC 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 15aNo

Programs and updates

Promotes global use of pressure-sensitive adhesive tapes through industry collaboration.

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Annual Meeting

A five day program consisting of two days of tape training classes followed by a three day technical seminar. The seminar has become a global industry platform to exchange technical papers, discussing advances in the technology of psa tapes.

Pt IX · col B
02

Technical Seminar/Tape Summit

Each year, PSTC reviews numerous papers on the latest scientific and manufacturing developments in the pressure sensitive adhesive tape industry. Those that meet its quality standards are selected for presentation at the annual technical SEMINAR/TAPE summit and printed in the proceedings.

Pt IX · col B
03

Tape University

PSTC produces traditional 2 level psa tape training classes averaging about 30-40 attendees per class.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$47K
Gifts and grantsLn 1h$31K
Money outPt IX
$1.0M
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$364K
Total assetsLn 16$1.3M
LiabilitiesLn 26$235K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$47K
Other incomeLn 4–11$3K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$258K
SavingsLn 2$107K
Cash and savings togetherLn 1–2$364K
InvestmentsLn 11–13$788K
Total assetsLn 16$1.3M
LiabilitiesLn 26$235K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 675
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 FY24End FY24
Cash and savingsLn 1–2$284K$364K
InvestmentsLn 11–13$750K$788K
Total assetsLn 16$1.1M$1.3M
LiabilitiesLn 26$303K$235K
Net assetsLn 32$781K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$582K
Legal feesLn 11b$11
Accounting feesLn 11c$2K
Advertising and promotionLn 12$17K
Office expensesLn 13$18K
Information technologyLn 14$34K
TravelLn 17$17K
Conferences, conventions and meetingsLn 19$303K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$71K
All other expensesLn 24e$2K
Total functional expensesLn 25$1.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.3M$1.0M$262K$1.0M 990 PDF
FY2023 $1.2M$1.0M$146K$781K 990 PDF
FY2022 $1.1M$988K$150K$635K 990 PDF
FY2021 $553K$682K−$129K$527K 990 PDF
FY2020 $522K$721K−$199K$638K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,309,852 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,700$30,850
I-9 Program service revenuePrior year $1,138,964$1,229,384
I-10 Investment incomePrior year $25,396$46,618
I-11 Other revenuePrior year $3,952$3,000
I-12 Total revenuePrior year $1,194,012$1,309,852
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,047,725$1,047,394
I-18 Total expensesPrior year $1,047,725$1,047,394
I-19 Revenue less expensesPrior year $146,287$262,458
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,309,852 across 6 lines filed
VIII-1f All other contributions, gifts and grants$30,850
VIII-1h Total contributions, gifts and grants$30,850
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,229,384$1,229,384
VIII-3 Investment incomeExcluded from tax $46,618$46,618
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,000$3,000
VIII-12 Total revenueRelated to mission $1,232,384 · Unrelated business $0 · Excluded from tax $46,618$1,309,852
Part IX · Statement of functional expenses $1,047,394 across 11 lines filed
IX-11a Management fees$581,670
IX-11b Legal fees$11
IX-11c Accounting fees$1,500
IX-12 Advertising and promotion$16,712
IX-13 Office expenses$17,850
IX-14 Information technology$33,581
IX-17 Travel$17,221
IX-19 Conferences, conventions and meetings$303,102
IX-23 Insurance$2,443
IX-24 Other expenses (24a–d)$71,282
IX-24e All other expenses$2,022
IX-25 Total functional expenses$1,047,394
Part X · Balance sheet $1,278,652 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $274,933$257,719
X-2 Savings and temporary cash investmentsStart of year $9,443$106,643
X-4 Accounts receivableStart of year $2,449$2,318
X-9 Prepaid expenses and deferred chargesStart of year $47,561$123,970
X-12 Other securitiesStart of year $749,846$788,002
X-16 Total assetsStart of year $1,084,232$1,278,652
X-17 Accounts payable and accrued expensesStart of year $88,040$11,500
X-19 Deferred revenueStart of year $214,834$223,336
X-26 Total liabilitiesStart of year $302,874$234,836
X-27 Net assets without donor restrictionsStart of year $781,358$1,043,816
X-32 Total net assets or fund balancesStart of year $781,358$1,043,816
X-33 Total liabilities and net assetsStart of year $1,084,232$1,278,652
Part XI · Reconciliation of net assets $1,043,816 net assets at year end
XI-1 Total revenue$1,309,852
XI-2 Total expenses$1,047,394
XI-3 Revenue less expenses$262,458
XI-4 Net assets at start of year$781,358
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,043,816

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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