Nonprofit · EIN 22-2458275
POLYMER PROCESSING INSTITUTE AT NJIT
Tax-exempt · NEWARK, NJ 07103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,511,505 | $3,664,887 | -$153,382 | $5,026,568 | $298,792 | $4,727,776 |
| June 30, 2024 | 990 | $3,254,373 | $4,066,391 | -$812,018 | $5,396,496 | $515,338 | $4,881,158 |
| June 30, 2023 | 990 | $5,034,613 | $4,449,441 | $585,172 | $6,198,011 | $504,835 | $5,693,176 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,380,526
- of which government grants
- $1,380,526
- Program service revenue
- $2,130,979
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $451,175
- Other salaries and wages
- $1,049,503
- Salaries, compensation and benefits (total)
- $1,791,105
- Professional fundraising fees
- $0
- Legal fees
- $8,070
- Accounting fees
- $20,800
- Occupancy
- $482,602
- Travel
- $69,384
- Depreciation
- $118,728
- Program services (functional)
- $3,314,457
- Management and general (functional)
- $350,430
Balance sheet and other
- Total assets, start of year
- $5,396,496
- Total assets, end of year
- $5,026,568
- Total liabilities, end of year
- $298,792
- Net assets, end of year
- $4,727,776
- Land, buildings and equipment
- $458,423
- Net assets without donor restrictions
- $4,727,776
- Gross receipts
- $3,511,505
- Employees
- 17
- Volunteers
- 11
- Year formed
- 1982
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dr Ming Wan Young | PRESIDENT Trustee or director, Officer | 40 | $276,640 | $38,205 |
| Kasia Strycharz | Secretary Trustee or director, Officer | 40 | $79,796 | $15,984 |
| DR COSTAS G GOGOS | Board Chairman Trustee or director, Officer | 15 | $41,150 | $0 |
| Dr Kun H Hyun | President Emeritus Trustee or director | 1 | $0 | $0 |
| Dr Donald Sebastian | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Paul Andersen | TRUSTEE Trustee or director | 1 | $0 | $0 |
| John Christiano | Trustee Trustee or director | 1 | $0 | $0 |
| Sy Finder | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Timothy Gibson | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Stan Jakopin | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Charlie Martin | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Viggy Mehta | Trustee Trustee or director | 1 | $0 | $0 |
| Lefteris Valsamis | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR MING WAN YOUNG | PRESIDENT Trustee or director, Officer | 40 | $269,892 | $37,245 |
| Kasia Strycharz | Secretary Trustee or director, Officer | 40 | $70,244 | $15,087 |
| DR COSTAS GOGOS | board chairman Trustee or director, Officer | 15 | $49,300 | $0 |
| DR KUN H HYUN | PRESIDENT - EMERITUS Trustee or director | 1 | $0 | $0 |
| PAUL ANDERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN CHRISTIANO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLIE MARTIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEFTERIS VALSAMIS | TRUSTEE Trustee or director | 0 | $0 | $0 |
| STAN JAKOPIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Sy Finder | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIMOTHY GIBSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VIGGY MEHTA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Dr Donald Sebastian | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR MING WAN YOUNG | PRESIDENT Trustee or director, Officer | 40 | $263,310 | $33,605 |
| Zohar Ophir | Scientist Highest-paid employee | 40 | $126,398 | $0 |
| Nikolaos Ioannidis | Scientist Highest-paid employee | 40 | $107,883 | $0 |
| Kasia Strycharz | Secretary Trustee or director, Officer | 40 | $63,458 | $6,468 |
| DR COSTAS GOGOS | board chairman Trustee or director, Officer | 15 | $50,150 | $0 |
| DR KUN H HYUN | PRESIDENT - EMERITUS Trustee or director, Officer | 1 | $0 | $0 |
| PAUL ANDERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN CHRISTIANO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLIE MARTIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEFTERIS VALSAMIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STAN JAKOPIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Sy Finder | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIMOTHY GIBSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VIGGY MEHTA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Dr Donald Sebastian | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 218 CENTRAL AVE, NEWARK, NJ 07103-3918
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2024)
- Ming-Wan Young, NJIT-GITC Building Suite 1201, Newark, NJ 07102
- Signed the 990
- Ming-Wan Young, PRESIDENT
- Phone
- (973) 596-5896
- Website
- WWW.POLYMERS-PPI.ORG
- Return prepared by
- WithumSmithBrown PC
Mission
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.
Program accomplishments
- 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.Expenses $3,314,457 · revenue $2,130,979
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2458275
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,026,568
- Income (IRS master file)
- $3,511,505
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,511,505 | $3,664,887 | $5,026,568 | IRS |
| 990 | June 2024 | $3,254,373 | $4,066,391 | $5,396,496 | IRS |
| 990 | June 2023 | $5,034,613 | $4,449,441 | $6,198,011 | XML |
| 990 | June 2022 | $5,166,367 | $4,985,915 | $5,522,179 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2458275).
Questions about POLYMER PROCESSING INSTITUTE AT NJIT
- What is the EIN of POLYMER PROCESSING INSTITUTE AT NJIT?
- The employer identification number (EIN) of POLYMER PROCESSING INSTITUTE AT NJIT is 22-2458275.
- Is POLYMER PROCESSING INSTITUTE AT NJIT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to POLYMER PROCESSING INSTITUTE AT NJIT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POLYMER PROCESSING INSTITUTE AT NJIT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of POLYMER PROCESSING INSTITUTE AT NJIT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POLYMER PROCESSING INSTITUTE AT NJIT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of POLYMER PROCESSING INSTITUTE AT NJIT?
- The 990 for the year ended June 30, 2025 names Ming-Wan Young.
- Who are the officers and directors of POLYMER PROCESSING INSTITUTE AT NJIT?
- The 990 for the year ended June 30, 2025 lists 13 people; 3 received compensation from the organization, the highest $276,640 (Dr Ming Wan Young, PRESIDENT).
- How much revenue does POLYMER PROCESSING INSTITUTE AT NJIT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,511,505, expenses of $3,664,887 and total assets of $5,026,568 at year end.
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