Polymer Processing Institute at Njit

Interesting data from their 2020 990 filing

The filing reveals the mission of the non-profit as “Polymer processing institute ("ppi") is a private, non-for-profit new jersey corporation, established in 1982. ppi was established for the purpose of advancing the general knowledge of the public in the art, science and technology of polymer processing through scientific research and education performed for the northern new jersey area. significant revenues are received from subcontracts with the new jersey institute of technology ("njit") which contracts with a related entity which contracts with the federal government on research projects in the field of polymers and from research fees from public and private companies.”.

When detailing its functions, they were listed as: “Provide research, education, publications to the polymer field for medical devices and pharmaceutical applications, packaging, recycling, paints and coatings.”.

• According to the law, the state where the non-profit operates has been reported as NJ.
• The filing specifies that the non-profit's address in 2020 was NJIT-GITC Building Room 3901, University Heights New, NJ, 07102.
• As of 2020, the non-profit's form shows they have a total of 10 employees.
• Does not operate a hospital.
• Does not operate a school.
• Does not collect art.
• Does not provide credit counseling.
• Does not have foreign activities.
• Is not a donor advised fund.
• Is not a private foundation.
• Expenses are greater than $1,000,000.
• Revenue is greater than $1,000,000.
• Revenue less expenses is $358,048.
• The CEO compensation scheme within the organization is based on a review and endorsement process by a neutral entity.
• The organization has a written policy that describes how long it will retain documents.
• The organization has 9 independent voting members.
• The organization was formed in 1982.
• The organization has a written policy that addresses conflicts of interest.
• The organization is required to file Schedule B.
• The organization is required to file Schedule J.
• The organization is required to file Schedule O.
• The organization pays $938,020 in salary, compensation, and benefits to its employees.
• The organization pays $0 in fundraising expenses.
• The organization provides Form 990 to its governing body.
• The organization has minutes of its meetings.
• The organization has a written whistleblower policy.
• The organization has a business related organization transaction.
• The organization's financial statements were reviewed by an accountant.