Polymer Processing Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222458275 ✦ Newark, NJ ✦ Designated as a 501(c)(3)

Overview

What is Polymer Processing Institute?

The Polymer Processing Institute is a private, non-profit organization situated in Newark, New Jersey. Established in 1982, its primary mission is to foster public understanding in the field of polymer processing through scientific research and education, both domestically and internationally. The institute specializes in advancing knowledge related to medical devices and pharmaceutical applications, packaging, recycling, paints, and coatings, among other areas. It provides research and educational resources, and houses laboratories and equipment for students engaged in polymer-related studies. The institute generates significant revenue from subcontracts with the New Jersey Institute of Technology and research fees from public and private companies involved in polymer research. With a team of 13 dedicated individuals, the Polymer Processing Institute plays a crucial role in the polymer industry.


Official website here: www.polymers-ppi.org

Is Polymer Processing Institute legitimate?

Polymer Processing Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Polymer Processing Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $378,307
Professional Fundraising Fees: $0
Other Salaries and Wages: $820,856

For more financial information, click here


Official website here: www.polymers-ppi.org

What is the mission statement of Polymer Processing Institute?

The Polymer Processing Institute, established in 1982, is a non-profit organization dedicated to advancing public knowledge in the field of polymer processing. It achieves this goal through scientific research and education, primarily conducted within the United States and internationally. The institute generates significant revenue from subcontracts with the New Jersey Institute of Technology, which undertakes federal government-funded research projects in the polymer sector, and from research fees from both public and private companies. The primary objective of the Polymer Processing Institute is to contribute to the art, science, and technology of polymer processing, focusing on applications in medical devices and pharmaceuticals, packaging, recycling, paints, and coatings.


Official website here: www.polymers-ppi.org

Who is the CEO of Polymer Processing Institute?

Ming Wan Young is the President of Polymer Processing Institute.


Official website here: www.polymers-ppi.org

What is the revenue of Polymer Processing Institute?

Polymer Processing Institute's revenue in 2022 was $5,166,367.


Official website here: www.polymers-ppi.org

Who are the executives of Polymer Processing Institute and what are their salaries?

The average compensation at Polymer Processing Institute during 2022 was $92,243. There are 13 employees and 9 volunteers at Polymer Processing Institute.

Here are 13 key members and their salaries:

    Dr Ming Wan Young (President) [Trustee/Director]
  • Compensation: $256,887
  • Related: $0
  • Other: $33,605

    • Nikolaos Ioannidis (Scientist)
  • Compensation: $107,596
  • Related: $0
  • Other: $0

    • Kasia Strycharz (Director)
  • Compensation: $55,500
  • Related: $0
  • Other: $5,779

    • Dr Costas Gogos (Board Chairman) [Trustee/Director]
  • Compensation: $56,300
  • Related: $0
  • Other: $0

    • Dr Kun H Hyun (President - Emeritus) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Paul Anderson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Christiano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charlie Martin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lefteris Valsamis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stan Jakopin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sy Finder (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy Gibson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Viggy Mehta (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.polymers-ppi.org

    Where can I find the form 990 for Polymer Processing Institute?

    The Polymer Processing Institute’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.polymers-ppi.org

    Learn more at the official website: www.polymers-ppi.org

    Mission Statement of Polymer Processing Institute

    The Polymer Processing Institute, established in 1982, is a private, non-profit organization with a mission to advance public knowledge in the field of polymer processing. This is achieved through scientific research and education conducted both domestically and internationally. The Institute garnered significant revenue from subcontracts with the New Jersey Institute of Technology, which in turn carries out federal government-funded research projects in the polymer sector. Additionally, the Institute generates revenue from research fees from both public and private entities. In essence, the Polymer Processing Institute serves as a hub for the dissemination and advancement of knowledge in polymer processing, contributing to various applications such as medical devices, pharmaceuticals, packaging, recycling, paints, and coatings.

    Impact

    This information is meant to be a general summary of Polymer Processing Institute. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Polymer Processing Institute has made a significant impact in advancing the general knowledge of the public in the art, science, and technology of polymer processing. By providing research, education, and publications to the polymer field for various applications such as medical devices, pharmaceuticals, packaging, recycling, paints, and coatings, the institute has contributed to the development and innovation within these industries. Additionally, through collaborations with institutions like the New Jersey Institute of Technology and engagement with federal government research projects, Polymer Processing Institute has played a crucial role in pushing the boundaries of scientific research in the field of polymers. Its provision of labs and equipment for students conducting research further enhances the educational aspect of its mission, ensuring a future workforce well-versed in polymer processing technologies. Through its efforts, Polymer Processing Institute continues to drive progress and advance scientific knowledge in the polymer field.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,500
  • Program Service Revenue: $1,311,933
  • Gross Receipts: $5,166,367

    • Assets and Liabilities:
  • Total Assets: $5,522,179
  • Total Liabilities: $414,175
  • Net Assets: $5,108,004
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RESEARCH FEES

    Revenue

    $1,311,933

    Organization Details

    Founding Year

    1982

    Principal Officer

    Ming Wan Young

    Main Address

    NJIT-GITC BUILDING ROOM 3901, NEWARK, NJ, 07102

    NTEE Category

    Code: U00 - Science research

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