2024-05-14T14:08:58-05:00 2023-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2022-07-01 222458275 Polymer Processing Institute % THE ORGANIZATION POLY 9735965896 NJIT-GITC Building Suite 1201 Newark NJ 07102 Ming-Wan Young PRESIDENT 9735965896 2024-05-15 true Ming-Wan Young 999009999 Brad Caruso P01249134 7328281614 2 2022 2023-04-26 12:10:37Z X Ming-Wan Young NJIT-GITC Building Suite 1201 Newark NJ 07102 5034613 false X WWW.POLYMERS-PPI.ORG X 1982 NJ Provide research, education, publications to the polymer field for medical devices and pharmaceutical applications, packaging, recycling, paints and coatings. 13 10 13 10 0 3847934 2711818 1311933 2321198 6500 1597 0 0 5166367 5034613 0 0 0 0 1424615 1584661 0 0 0 3561300 2864780 4985915 4449441 180452 585172 5522179 6198011 414175 504835 5108004 5693176 X 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 IN THE US AND ABROAD. SIGNIFICANT REVENUES ARE RECEIVED FROM SUBCONTRACTS WITH THE NEW JERSEY INSTITUTE OF TECHNOLOGY ("NJIT") WHICH CONTRACTS WITH THE FEDERAL GOVERNMENT ON RESEARCH PROJECTS IN THE FIELD OF POLYMERS AND FROM RESEARCH FEES FROM PUBLIC AND PRIVATE COMPANIES. false false 4081923 2321196 RESEARCH AND DEVELOPMENT-PROVIDING RESEARCH, EDUCATION AND PUBLICATIONS TO THE POLYMER FIELD FOR MEDICAL DEVICES AND PHARMACEUTICAL APPLICATIONS, PACKAGING, RECYCLING, PAINTS AND COATINGS, ETC. LABS AND EQUIPMENT ARE AVAILABLE FOR STUDENTS DOING RESEARCH. 4081923 true true false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 5 0 true 13 true false false false false false false false false false false false false X 13 10 false false false false false false false false false false false true true false false true true false false false X THE ORGANIZATION 9735965896 NJIT-GITC SUITE 1201 NEWARK NJ 07102 DR MING WAN YOUNG PRESIDENT 40.0 0.0 X X 263310 0 33605 Zohar Ophir Scientist 40.0 0.0 X 126398 0 0 Nikolaos Ioannidis Scientist 40.0 0.0 X 107883 0 0 Kasia Strycharz Secretary 40.0 0.0 X X 63458 0 6468 DR COSTAS GOGOS board chairman 15.0 0.0 X X 50150 0 0 DR KUN H HYUN PRESIDENT - EMERITUS 1.0 0.0 X X 0 0 0 PAUL ANDERSON TRUSTEE 1.0 0.0 X 0 0 0 JOHN CHRISTIANO TRUSTEE 1.0 0.0 X 0 0 0 CHARLIE MARTIN TRUSTEE 1.0 0.0 X 0 0 0 LEFTERIS VALSAMIS TRUSTEE 1.0 0.0 X 0 0 0 STAN JAKOPIN TRUSTEE 1.0 0.0 X 0 0 0 Sy Finder TRUSTEE 1.0 0.0 X 0 0 0 TIMOTHY GIBSON TRUSTEE 1.0 0.0 X 0 0 0 VIGGY MEHTA TRUSTEE 1.0 0.0 X 0 0 0 Dr Donald Sebastian Trustee 1.0 0.0 X 0 0 0 611199 0 40073 3 false true false 0 2711818 0 2711818 RESEARCH FEES 541714 2321198 2321198 2321198 1597 1597 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5034613 2321198 1597 0 0 0 0 411793 227247 184546 0 0 908247 908247 0 72378 72378 0 98809 98809 0 93434 88874 4560 0 0 2750 2750 0 28288 28288 0 0 0 0 175119 110119 65000 0 154134 135740 18394 0 4851 4851 0 382861 337172 45689 0 64876 57134 7742 0 0 0 0 0 118728 118728 0 88395 77846 10549 0 LABORATORY EXPENSES 1844778 1844778 4449441 4081923 367518 0 X 2411033 3285748 1296723 1298320 0 0 931848 850096 0 0 0 0 0 0 0 0 22840 22840 1995978 1287904 826802 708074 0 0 0 0 0 0 0 0 32933 32933 5522179 6198011 381108 471843 0 0 8800 8800 0 0 0 0 0 0 0 0 0 0 24267 24192 414175 504835 X 5108004 5693176 0 0 5108004 5693176 5522179 6198011 585172 X X false false true false X 1294989 1537789 2127923 3847934 2711818 11520453 1085214 1451884 2990312 1311932 2321198 9160540 0 0 0 2380203 2989673 5118235 5159866 5033016 20680993 0 1026015 1338728 2093818 1264500 2195526 7918587 1026015 1338728 2093818 1264500 2195526 7918587 12762406 18324 15469 0 0 0 33793 0 18324 15469 0 0 0 33793 0 0 2398527 3005142 5118235 5159866 5033016 20714786 0.61610 0.60044 0.00163 0.00184 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99236 99236 0 1896742 1188668 708074 708074 0 DEFERRED RENT 24192 24192 X false false false false false false false false false DR MING WAN YOUNG PRESIDENT 263310 0 0 0 0 0 23405 0 0 0 286715 0 0 0 CORE FORM 990 Responses PART VI, SECTION A, QUESTION 8A & B THERE ARE NO COMMITTEES OTHER THAN THE BOARD OF TRUSTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. PART VI, SECTION B, 11B THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR THEIR REVIEW AND COMMENTS. DR. GOGOS AND DR. YOUNG GIVE IT A FINAL REVIEW PRIOR TO APPROVING THE FORM 990 TO BE FILED. PART VI, SECTION B, QUESTION 15A THE PRESIDENT'S COMPENSATION IS REVIEWED BY THE CHAIRMAN OF THE BOARD AND GOALS ARE SET. THE COMPENSATION IS BASED ON COMPARABLE ENTITIES AND EFFORT PRODUCED. THE CHAIRMAN ULTIMATELY APPROVES THE PRESIDENT'S CONTRACT. PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST AND VIA E-MAIL REQUESTS THROUGH ITS WEBSITE.