The International Corrugated Packaging Foundation (ICPF) mission is to grow the workforce of the corrugated packaging industry now and into the future. ICPF creates and builds partnerships within the education community and provides equipment, curriculum, student programs, etc.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$507K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $460K a year · 32% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$507K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
8 mo
of spending, in cash
Plus $18.2M in investments, Pt X · Ln 11–13
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$195K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+1% vs prior year
Spent
$1.5M
To programs
79%
Net assets
$19.5M
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$644K
FY2021$1.2M
FY2022$3.5M
FY2023$811K
FY2024$1.2M
FY2025$1.2M
Expenses
$1.5M
FY2025▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$557K
FY2021$557K
FY2022$743K
FY2023$1.2M
FY2024$1.3M
FY2025$1.5M
Net assets
$19.5M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.4M
FY2021$19.3M
FY2022$16.5M
FY2023$17.7M
FY2024$18.7M
FY2025$19.5M

From the FY2025 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: FY2025. IRS ruling in Oct 1988.

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% · $1.2M Management & general 13% · $203K Fundraising 7% · $112K

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

20 people listed on the 990; $507K paid to officers and key staff.

Part VII, Section A · reportable compensation
$260,336Pt VII · Sec A
Research and Strategic Partnerships Manager
$126,425Pt VII · Sec A
Marketing and Education Outreach Manager
$120,581Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Caitlin Salaverria’s $260K as President is at the 89th percentile of top reported officer pay among 1168 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Richard M Flaherty———$442,983$239,598$238,083
Caitlin Salaverria$260,336$249,260$65,400———
Victoria Miksis$126,425—————
Alexandra Lemoine$120,581—————

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 International Corrugated Packaging Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Recruit and train students for careers in the corrugated industry.

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2025
01

Provided programs, equipment, financial, and other support to universities, colleges, and trade schools to enhance students' education and understanding of the careers in the global corrugated packaging industry.

$1.2Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$20K
Grants paid · 13 grants · $458K · 2020–2025
Ivy Tech Foundation INCIN · FY2025$50,000
Packaging School LLCFY2025$45,000
Skillsusa INCVA · FY2025$34,500
Michian State UniversityFY2024$63,542
Indiana State UniversityIN · FY2023$30,000
Virginia TechFY2023$9,550
Virginia TechFY2022$40,000
Fibre Box AssociationIL · FY2021$50,000
Indiana State UniversityIN · FY2020$48,154

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Investment incomeLn 3$945K
Gifts and grantsLn 1h$308K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.2M
Managementcol C$203K
Fundraisingcol D$112K
Owns and owesPt X
$19.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$19.7M
LiabilitiesLn 26$195K
PeoplePt VI, VII
20
listed · VII A
PaidVII A3
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$308K
Noncash giftsLn 1g$29K
Fundraising eventsLn 1c$122K
Investment incomeLn 3$945K
Gains on assetsLn 7$485K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$18.2M
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$19.7M
LiabilitiesLn 26$195K
Net assetsLn 32$19.5M
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$703K$1.0M
InvestmentsLn 11–13$17.4M$18.2M
Land, buildings, equipmentLn 10c$7K$5K
Total assetsLn 16$18.7M$19.7M
LiabilitiesLn 26$29K$195K
Net assetsLn 32$18.7M$19.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$553K$553K
Pay of current officers, directors and key staffLn 5$296K$179K$58K$59K
Other salaries and wagesLn 7$243K$231K$12K
Pension plan contributionsLn 8$10K$9K$515
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$34K$26K$4K$4K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$22K$22K
Investment management feesLn 11f$50K$50K
Other fees for servicesLn 11g$9K$1K$8K
Office expensesLn 13$1K$1K
TravelLn 17$15K$15K$250
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$8K$6K$869$1K
Other expenses (24a–d)Ln 24$231K$177K$19K$35K
All other expensesLn 24e$30K$30K
Total functional expensesLn 25$1.5M$1.2M$203K$112K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$1.5M−$277K$19.5M 990 PDF
FY2024 $1.2M$1.3M−$37K$18.7M 990 PDF
FY2023 $811K$1.2M−$374K$17.7M 990 PDF
FY2022 $3.5M$743K$2.8M$16.5M 990 PDF
FY2021 $1.2M$557K$607K$19.3M 990 PDF
FY2020 $644K$557K$87K$17.4M 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 M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,247,052 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $790,034$308,005
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $441,822$944,704
I-11 Other revenuePrior year $1,777−$5,657
I-12 Total revenuePrior year $1,233,633$1,247,052
I-13 Grants and similar amounts paidPrior year $456,249$552,888
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $426,907$594,734
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $387,367$375,981
I-18 Total expensesPrior year $1,270,523$1,523,603
I-19 Revenue less expensesPrior year −$36,890−$276,551
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,247,052 across 9 lines filed
VIII-1c Fundraising events$121,709
VIII-1f All other contributions, gifts and grants$186,296
VIII-1g Noncash contributions (included above)$28,543
VIII-1h Total contributions, gifts and grants$308,005
VIII-3 Investment incomeExcluded from tax $459,416$459,416
VIII-7 Net gain or loss on sales of assetsExcluded from tax $485,288$485,288
VIII-8 Net income from fundraising eventsExcluded from tax −$6,427−$6,427
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $770$770
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $939,047$1,247,052
Part IX · Statement of functional expenses $1,523,603 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $552,888$552,888
IX-5 Pay of current officers, directors and key staffPrograms $178,513 · Management $58,477 · Fundraising $59,247$296,237
IX-7 Other salaries and wagesPrograms $230,721 · Fundraising $12,143$242,864
IX-8 Pension plan contributionsPrograms $9,440 · Fundraising $515$9,955
IX-9 Other employee benefitsPrograms $11,910$11,910
IX-10 Payroll taxesPrograms $25,919 · Management $3,520 · Fundraising $4,329$33,768
IX-11b Legal feesManagement $5,972$5,972
IX-11c Accounting feesManagement $22,105$22,105
IX-11f Investment management feesManagement $49,966$49,966
IX-11g Other fees for servicesPrograms $1,260 · Management $8,191$9,451
IX-13 Office expensesManagement $1,095$1,095
IX-17 TravelPrograms $15,117 · Management $250$15,367
IX-22 Depreciation, depletion and amortizationManagement $2,605$2,605
IX-23 InsurancePrograms $6,398 · Management $869 · Fundraising $1,068$8,335
IX-24 Other expenses (24a–d)Programs $176,850 · Management $19,190 · Fundraising $34,585$230,625
IX-24e All other expensesManagement $30,460$30,460
IX-25 Total functional expensesPrograms $1,209,016 · Management $202,700 · Fundraising $111,887$1,523,603
Part X · Balance sheet $19,706,480 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $702,610$1,009,768
X-3 Pledges and grants receivableStart of year $549,639$434,973
X-9 Prepaid expenses and deferred chargesStart of year $16,560$24,935
X-10c Land, buildings and equipment, netStart of year $7,258$4,653
X-11 Publicly traded securitiesStart of year $17,416,685$18,232,151
X-16 Total assetsStart of year $18,692,752$19,706,480
X-17 Accounts payable and accrued expensesStart of year $29,366$156,953
X-18 Grants payable$37,838
X-26 Total liabilitiesStart of year $29,366$194,791
X-27 Net assets without donor restrictionsStart of year $12,164,015$13,283,653
X-28 Net assets with donor restrictionsStart of year $6,499,371$6,228,036
X-32 Total net assets or fund balancesStart of year $18,663,386$19,511,689
X-33 Total liabilities and net assetsStart of year $18,692,752$19,706,480
Part XI · Reconciliation of net assets $19,511,689 net assets at year end
XI-1 Total revenue$1,247,052
XI-2 Total expenses$1,523,603
XI-3 Revenue less expenses−$276,551
XI-4 Net assets at start of year$18,663,386
XI-5 Net unrealized gains (losses) on investments$1,124,854
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,511,689

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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