Paper Technology Foundation INC

Tax-deductible

Kalamazoo, MI501(c)(3)Since 1958EducationEIN 38-1691181Revenue $1.7M in FY2024

On file with the IRSwmich.edu/papertechfoundation1903 W Michigan Ave, 49008-5207 · Kalamazoo, MITax-exempt since Dec 1961College/university support org — 170(b)(1)(A)(iv)

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To provide leadership and support to western michigan university and the department of chemical and Paper engineering to develop motivated graduates in order to advance the global pulp and Paper industry.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 37 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
2 of 5
filings with a surplus
Average surplus $39K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $135K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$215
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
37
of 41 voting members
Looks good: 37 of 41 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+46% vs prior year
Spent
$1.3M
To programs
79%
Net assets
$7.0M
By yearFY2020–FY2024
Revenue
$1.7M
FY2024▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2020$564K
FY2021$1.5M
FY2022$1.2M
FY2023$940K
FY2024$1.1M
FY2024$1.7M
Expenses
$1.3M
FY2024▲ +66%
Tap a bar for its year
Expenses by fiscal year
FY2020$869K
FY2021$445K
FY2022$2.0M
FY2023$995K
FY2024$800K
FY2024$1.3M
Net assets
$7.0M
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.6M
FY2021$7.1M
FY2022$5.5M
FY2023$5.8M
FY2024$6.4M
FY2024$7.0M

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 Dec 1961.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $1.0M Management & general 7% · $99K Fundraising 14% · $182K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

40 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Asst. Treasu
$0Pt VII · Sec A
President -
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
See Paper Technology Foundation 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

Funds scholarships and industry experiences for paper engineering students.

Provided by the organization

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1 program · $1.0M · in their own filed words · FY2024
01

To support paper engineering at western michigan university. The paper technology foundation, inc. Supports undergraduate student development by providing scholarships and by funding professional industry conference attendance, professional and personal development training sessions, networking and mentoring events with industry leaders…

$1.0Mprogram expense

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 · FY2024
Total grants receivedfrom 1 funder$135K
Grants paid · 10 grants · $4.1M · 2019–2024
Western Michigan UniversityFY2024$858,805
Unitemized GrantFY2022$373,305
Unitemized GrantFY2021$380,356
Unitemized GrantFY2020$186,912
Unitemized GrantFY2019$407,681
Western Michigan University FoundatFY2019$43,700
Western Michigan UniversityFY2019$25,553

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$529K
Other incomeLn 4–11$11K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.0M
Managementcol C$99K
Fundraisingcol D$182K
Owns and owesPt X
$7.0M
net assets · Ln 32
Cash and savingsLn 1–2$644K
Total assetsLn 16$7.0M
LiabilitiesLn 26$215
PeoplePt VI, VII
40
listed · VII A
PaidVII A0
Voting boardVI 1a41
IndependentVI 1b37
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$529K
Other incomeLn 4–11$11K
Gains on assetsLn 7$395K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$638K
SavingsLn 2$6K
Cash and savings togetherLn 1–2$644K
InvestmentsLn 11–13$6.0M
Land, buildings, equipmentLn 10c$18K
Total assetsLn 16$7.0M
LiabilitiesLn 26$215
Net assetsLn 32$7.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 637
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$493K$644K
InvestmentsLn 11–13$5.6M$6.0M
Land, buildings, equipmentLn 10c$22K$18K
Total assetsLn 16$6.4M$7.0M
LiabilitiesLn 26$5K$215
Net assetsLn 32$6.4M$7.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$859K$859K
Other salaries and wagesLn 7$218K$186K$22K$11K
Management feesLn 11a$32K$5K$10K$18K
Investment management feesLn 11f$131K$131K
Other fees for servicesLn 11g$7K$191$7K$11
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$23K$23K$58
TravelLn 17$33K$12K$21K
Conferences, conventions and meetingsLn 19$21K$21K
InsuranceLn 23$3K$3K
Total functional expensesLn 25$1.3M$1.0M$99K$182K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.1M$800K$339K$6.4M 990 PDF
FY2023 $940K$995K−$55K$5.8M 990 PDF
FY2022 $1.2M$2.0M−$813K$5.5M 990 PDF
FY2021 $1.5M$445K$1.0M$7.1M 990 PDF
FY2020 $564K$869K−$305K$5.6M 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 FY2024 990 (6 parts)
Part I · Summary $1,663,326 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $873,867$1,122,660
I-9 Program service revenue$0
I-10 Investment incomePrior year $258,958$529,351
I-11 Other revenuePrior year $5,551$11,315
I-12 Total revenuePrior year $1,138,376$1,663,326
I-13 Grants and similar amounts paidPrior year $312,806$858,805
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $211,451$218,267
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $275,575$252,706
I-18 Total expensesPrior year $799,832$1,329,778
I-19 Revenue less expensesPrior year $338,544$333,548
Part VI · Governance 37 of 41 board members independent, 1 to look at
VI-1a Voting members of the governing body41
VI-1b Independent voting members37
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 $1,663,326 across 7 lines filed
VIII-1d Related organizations$307,025
VIII-1f All other contributions, gifts and grants$815,635
VIII-1h Total contributions, gifts and grants$1,122,660
VIII-3 Investment incomeExcluded from tax $134,850$134,850
VIII-7 Net gain or loss on sales of assetsExcluded from tax $394,501$394,501
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11,315$11,315
VIII-12 Total revenueExcluded from tax $540,666$1,663,326
Part IX · Statement of functional expenses $1,329,778 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $858,805$858,805
IX-7 Other salaries and wagesPrograms $185,527 · Management $21,827 · Fundraising $10,913$218,267
IX-11a Management feesPrograms $4,869 · Management $9,737 · Fundraising $17,852$32,458
IX-11f Investment management feesFundraising $131,228$131,228
IX-11g Other fees for servicesPrograms $191 · Management $7,017 · Fundraising $11$7,219
IX-12 Advertising and promotionManagement $1,965$1,965
IX-13 Office expensesManagement $22,794 · Fundraising $58$22,852
IX-17 TravelManagement $11,550 · Fundraising $21,450$33,000
IX-19 Conferences, conventions and meetingsManagement $21,359$21,359
IX-23 InsuranceManagement $2,625$2,625
IX-25 Total functional expensesPrograms $1,049,392 · Management $98,874 · Fundraising $181,512$1,329,778
Part X · Balance sheet $6,977,366 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $481,425$637,664
X-2 Savings and temporary cash investmentsStart of year $12,040$5,903
X-3 Pledges and grants receivableStart of year $299,270$284,760
X-10c Land, buildings and equipment, netStart of year $21,513$17,577
X-11 Publicly traded securitiesStart of year $3,492,593$3,638,233
X-12 Other securitiesStart of year $2,116,930$2,393,229
X-16 Total assetsStart of year $6,423,771$6,977,366
X-17 Accounts payable and accrued expensesStart of year $4,958$215
X-26 Total liabilitiesStart of year $4,958$215
X-27 Net assets without donor restrictionsStart of year $495,244$797,029
X-28 Net assets with donor restrictionsStart of year $5,923,569$6,180,122
X-32 Total net assets or fund balancesStart of year $6,418,813$6,977,151
X-33 Total liabilities and net assetsStart of year $6,423,771$6,977,366
Part XI · Reconciliation of net assets $6,977,151 net assets at year end
XI-1 Total revenue$1,663,326
XI-2 Total expenses$1,329,778
XI-3 Revenue less expenses$333,548
XI-4 Net assets at start of year$6,418,813
XI-5 Net unrealized gains (losses) on investments$224,790
XI-10 Net assets at end of year$6,977,151

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

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