Civic Intelligence

Flexographic Technical Association Inc

990 • Fiscal year 2023 • EIN 13-6115702

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 12, 2024

Organization ProfileWWW.FLEXOGRAPHY.ORG

View Organization Page

80 Orville Drive Suite 100Bohemia, NY 11716

(631) 737-6020

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.06x

Higher debt load relative to assets than 33% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

0.30x

Higher debt load relative to revenue than 65% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

77th percentile

15%

Higher net margin than 77% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

72nd percentile

$208,154

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 39.0% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

39th percentile

2.4%

Faster asset growth than 39% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

60th percentile

12%

Faster revenue growth than 60% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$2,770,667

Up $65,476 (+2.4%) from 2022

Net Assets

Up

$2,610,845

Up $82,330 (+3.3%) from 2022

Liabilities

Down

$159,822

Down $16,854 (-9.5%) from 2022

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin77th percentile

Revenue

Up

$533,899

Up $58,703 (+12%) from 2022

Expenses

Down

$451,569

Down $77,133 (-15%) from 2022

Net Income

Up

$82,330

Up $135,836 (+254%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,736,398Liabilities 2010: $165,938Net Assets 2010: $1,570,4602010Assets 2011: $1,806,452Liabilities 2011: $233,690Net Assets 2011: $1,572,7622011Assets 2012: $1,686,511Liabilities 2012: $170,837Net Assets 2012: $1,515,6742012Assets 2013: $1,655,552Liabilities 2013: $197,287Net Assets 2013: $1,458,2652013Assets 2014: $1,632,647Liabilities 2014: $152,640Net Assets 2014: $1,480,0072014Assets 2015: $1,829,777Liabilities 2015: $170,646Net Assets 2015: $1,659,1312015Assets 2016: $2,002,692Liabilities 2016: $119,298Net Assets 2016: $1,883,3942016Assets 2017: $2,252,436Liabilities 2017: $124,670Net Assets 2017: $2,127,7662017Assets 2018: $2,291,675Liabilities 2018: $64,195Net Assets 2018: $2,227,4802018Assets 2019: $2,429,067Liabilities 2019: $76,708Net Assets 2019: $2,352,3592019Assets 2020: $2,462,336Liabilities 2020: $68,290Net Assets 2020: $2,394,0462020Assets 2021: $2,654,896Liabilities 2021: $72,875Net Assets 2021: $2,582,0212021Assets 2022: $2,705,191Liabilities 2022: $176,676Net Assets 2022: $2,528,5152022Assets 2023: $2,770,667Liabilities 2023: $159,822Net Assets 2023: $2,610,8452023Assets 2024: $2,877,356Liabilities 2024: $194,520Net Assets 2024: $2,682,8362024

Highlighted filing

2023

Assets$2,770,667
Liabilities$159,822
Net Assets$2,610,845
Open 2023 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $575,4922010Revenue 2011: $668,533Expenses 2011: $666,230Net Income 2011: $2,3032011Revenue 2012: $622,844Expenses 2012: $679,932Net Income 2012: -$57,0882012Revenue 2013: $661,596Expenses 2013: $719,005Net Income 2013: -$57,4092013Revenue 2014: $657,218Expenses 2014: $635,476Net Income 2014: $21,7422014Revenue 2015: $657,870Expenses 2015: $478,746Net Income 2015: $179,1242015Revenue 2016: $692,137Expenses 2016: $467,874Net Income 2016: $224,2632016Revenue 2017: $693,803Expenses 2017: $449,431Net Income 2017: $244,3722017Revenue 2018: $639,946Expenses 2018: $540,232Net Income 2018: $99,7142018Revenue 2019: $618,379Expenses 2019: $493,500Net Income 2019: $124,8792019Revenue 2020: $566,602Expenses 2020: $524,915Net Income 2020: $41,6872020Revenue 2021: $666,931Expenses 2021: $478,956Net Income 2021: $187,9752021Revenue 2022: $475,196Expenses 2022: $528,702Net Income 2022: -$53,5062022Revenue 2023: $533,899Expenses 2023: $451,569Net Income 2023: $82,3302023Revenue 2024: $521,682Expenses 2024: $449,691Net Income 2024: $71,9912024

Highlighted filing

2023

Revenue$533,899
Expenses$451,569
Net Income$82,330
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 12, 2024
Return Version
2023v5.0
Gross Receipts
$533,899
Mission and Program Overview

Mission

Flexographic technical association, inc.'s primary goal is to provide a platform for flexographers to network, learn and exchange ideas all in the name of advancing the art and science of the flexographic print process.

Founded in 1958, the flexographic technical association (fta) is the world's leading professional society dedicated to the advancement of the flexographic printing industry. Fta represents nearly 1,300 members encompassing all aspects of the flexographic printing supply chain. Our members include printers/converters, consumer products companies, prepress providers, suppliers, graphic design firms, consultants, educators and students. Together, we provide a wealth of products, services and shared cutting-edge knowledge to the flexo industry. Fta's primary goal is to provide a platform for flexographers to network, learn and exchange ideas all in the name of advancing the art and science of the flexographic print process.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$106,926$16,325▼ $90,601
Prepaid Expenses and Deferred Charges$11,799$12,753▲ $954
Total Assets$2,705,191$2,770,667▲ $65,476
Other Assets Total$2,586,466$2,741,589▲ $155,123
Liabilities
Deferred Revenue$101,413$126,968▲ $25,555
Accounts Payable and Accrued Expenses$75,263$32,854▼ $42,409
Total Liabilities$176,676$159,822▼ $16,854
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,528,515$2,610,845▲ $82,330
Total Net Assets Fund Balance$2,528,515$2,610,845▲ $82,330
Total Liabilities and Net Assets / Fund Balance$2,705,191$2,770,667▲ $65,476

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,741,589--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph TuccittoEducation DiPT$10,198$197,956$208,154
Jay KaibleBusiness DevPT$40,622$125,679$166,301
Robert FrimmingPast PresidePT$47,053$113,012$160,065
Sharon CocksAccounting/nPT$26,547$108,236$134,783
Milena FloresAccountingPT$26,347$82,204$108,551
Robert FrimmingPast President-$47,053$966$48,019
Brad ParesoPresidentPT$46,263$773$47,036
Jay KaibleBusiness Development-$40,622$953$41,575
Joseph TuccittoEducation Director-$10,198$209$10,407

Board Members and Trustees

NameTitle
Jennye ScottBoard Chair
Paul TeachoutBoard Chair-
Jeff DietzVice Chair
Joel MaxwellVice Chair
Sean TeuflerVice Chair
Alan PulsinelliBoard Member
Doug BartlettBoard Member
Joe GenovaBoard Member
Kevin KrauseBoard Member
Shawn OetjenBoard Member
Thomas DahburaBoard Member
Keith NagleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$533,899
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$82,330

Audited Revenue Reconciliation

Revenue per Audited Statements
$533,899
Total Revenue per Audited Statements
$533,899
Total Revenue per Form 990
$533,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$325,981
Other Expenses$125,588
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$123,324$110,941-$234,265
Current Officers, Directors, Trustees, and Key Employees$47,036--$47,036
Other Employee Benefits$17,020$7,048-$24,068
Payroll Taxes$13,710$6,902-$20,612
Fees for Services Other$18,375--$18,375
Occupancy$10,607$6,909-$17,516
Office Expenses-$15,955-$15,955
Fees for Services Accounting-$14,440-$14,440
Other Expenses$1,777$375-$2,152
Conferences and Meetings$1,082--$1,082
Travel$646--$646
Total Functional Expenses$288,999$162,570$0$451,569

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$451,569
Total Expenses per Audited Statements$451,569
Total Expenses per Form 990$451,569
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The organization distributed the draft of form 990 to the board members for their review and approval. Board members respond back with any questions or comments that are addressed. After all comments are addressed the form 990 is electronically filed with the irs.”

Form 990, Page 6, Part VI, Line 12C

“All board members sign an acceptance document agreeing to abide by the conflict of interest policy. The policy statement resides on the organizational protected website (sharepoint) for access at any time. Board members, officers, key employees and directors are free to disclose any perceived conflicts of interest at any time by contacting the president, chairman of the board or chair-elect. Immediate action will then be taken. When a board member indicates a potential conflict, that individual is immediately removed from any and all discussions, deliberations and/or decisions on the particular issue.”

Form 990, Page 6, Part VI, Line 15A

“The president's compensation is reviewed annually by a compensation committee made up of board members. Performance is considered along with the availability of finances to support any potential increase. Independent salary surveys are consulted that include organizations specific to the non-profit community in the greater new york metropolitan area.”

Form 990, Page 6, Part VI, Line 15B

“Other key employees are reviewed annually by the president utilizing a similar process to the above.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflicts of interest policy and financial statements are available upon request. In addition, the organization's 990 is available on guidestar.”

Filing and Contact Details

Filer

Filer Name
Flexographic Technical
EIN
13-6115702
Phone
6317376020
Address
80 ORVILLE DRIVE SUITE 100, BOHEMIA, NY 11716

Signing Officer

Name
Brad Pareso
Title
President
Phone
6317376020
Signed
2024-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Pareso
Formed
1958
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
5
Volunteers
75

Preparer

Firm
Cullen & Danowski Llp
Address
1650 ROUTE 112, PORT JEFFERSON STA, NY 11776-3060
Preparer
Jill S Sanders CPA
Phone
6314733400
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The associations evaluate, on an annual basis, the effects of any uncertain tax positions on its financial statements, and have not identified or provided for any such positions.”

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IRS990/ActivityOrMissionDesc0FOUNDED IN 1958, THE FLEXOGRAPHIC TECHNICAL ASSOCIATION (FTA) IS THE WORLD'S LEADING PROFESSIONAL SOCIETY DEDICATED TO THE ADVANCEMENT OF THE FLEXOGRAPHIC PRINTING INDUSTRY. FTA REPRESENTS NEARLY 1,300 MEMBERS ENCOMPASSING ALL ASPECTS OF THE FLEXOGRAPHIC PRINTING SUPPLY CHAIN. OUR MEMBERS INCLUDE PRINTERS/CONVERTERS, CONSUMER PRODUCTS COMPANIES, PREPRESS PROVIDERS, SUPPLIERS, GRAPHIC DESIGN FIRMS, CONSULTANTS, EDUCATORS AND STUDENTS. TOGETHER, WE PROVIDE A WEALTH OF PRODUCTS, SERVICES AND SHARED CUTTING-EDGE KNOWLEDGE TO THE FLEXO INDUSTRY. FTA'S PRIMARY GOAL IS TO PROVIDE A PLATFORM FOR FLEXOGRAPHERS TO NETWORK, LEARN AND EXCHANGE IDEAS ALL IN THE NAME OF ADVANCING THE ART AND SCIENCE OF THE FLEXOGRAPHIC PRINT PROCESS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt14ACCOUNTING/N
IRS990/Form990PartVIISectionAGrp/TitleTxt15ACCOUNTING
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IRS990/Form990PartVIISectionAGrp/TitleTxt17PAST PRESIDE
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IRS990/MissionDesc0FLEXOGRAPHIC TECHNICAL ASSOCIATION, INC.'S PRIMARY GOAL IS TO PROVIDE A PLATFORM FOR FLEXOGRAPHERS TO NETWORK, LEARN AND EXCHANGE IDEAS ALL IN THE NAME OF ADVANCING THE ART AND SCIENCE OF THE FLEXOGRAPHIC PRINT PROCESS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0CONFERENCES, SEMINARS AND WORKSHOPS - EVENTS SPONSORED BY THE ASSOCIATION AND ATTENDED BY MEMBERS TO PROMOTE THE FLEXOGRAPHIC INDUSTRY IN THE COMMUNITY.
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATIONS EVALUATE, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS, AND HAVE NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRAD PARESO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JAY KAIBLE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOSEPH TUCCITTO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3ROBERT FRIMMING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1BUSINESS DEVELOPMENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2EDUCATION DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3PAST PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DISTRIBUTED THE DRAFT OF FORM 990 TO THE BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL. BOARD MEMBERS RESPOND BACK WITH ANY QUESTIONS OR COMMENTS THAT ARE ADDRESSED. AFTER ALL COMMENTS ARE ADDRESSED THE FORM 990 IS ELECTRONICALLY FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS SIGN AN ACCEPTANCE DOCUMENT AGREEING TO ABIDE BY THE CONFLICT OF INTEREST POLICY. THE POLICY STATEMENT RESIDES ON THE ORGANIZATIONAL PROTECTED WEBSITE (SHAREPOINT) FOR ACCESS AT ANY TIME. BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND DIRECTORS ARE FREE TO DISCLOSE ANY PERCEIVED CONFLICTS OF INTEREST AT ANY TIME BY CONTACTING THE PRESIDENT, CHAIRMAN OF THE BOARD OR CHAIR-ELECT. IMMEDIATE ACTION WILL THEN BE TAKEN. WHEN A BOARD MEMBER INDICATES A POTENTIAL CONFLICT, THAT INDIVIDUAL IS IMMEDIATELY REMOVED FROM ANY AND ALL DISCUSSIONS, DELIBERATIONS AND/OR DECISIONS ON THE PARTICULAR ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT'S COMPENSATION IS REVIEWED ANNUALLY BY A COMPENSATION COMMITTEE MADE UP OF BOARD MEMBERS. PERFORMANCE IS CONSIDERED ALONG WITH THE AVAILABILITY OF FINANCES TO SUPPORT ANY POTENTIAL INCREASE. INDEPENDENT SALARY SURVEYS ARE CONSULTED THAT INCLUDE ORGANIZATIONS SPECIFIC TO THE NON-PROFIT COMMUNITY IN THE GREATER NEW YORK METROPOLITAN AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER KEY EMPLOYEES ARE REVIEWED ANNUALLY BY THE PRESIDENT UTILIZING A SIMILAR PROCESS TO THE ABOVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE ORGANIZATION'S 990 IS AVAILABLE ON GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FOUNDATION OF FLEXOGRAPHIC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0TECHNICAL ASSOCIATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237408446
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03920 VETERANS MEMORIAL HWY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BOHEMIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,770,667
Liabilities
$159,822
Net assets
$2,610,845
Revenue
$533,899
Expenses
$451,569
Net income
$82,330
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.88$0.19$2.68$0.52$0.45$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.77$0.16$2.61$0.53$0.45$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.71$0.18$2.53$0.48$0.53$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.65$0.07$2.58$0.67$0.48$0.19
2020Detailed filing. Detailed filing data is available for this year.$2.46$0.07$2.39$0.57$0.52$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.43$0.08$2.35$0.62$0.49$0.12
2018Detailed filing. Detailed filing data is available for this year.$2.29$0.06$2.23$0.64$0.54$0.10
2017Detailed filing. Detailed filing data is available for this year.$2.25$0.12$2.13$0.69$0.45$0.24
2016Detailed filing. Detailed filing data is available for this year.$2.00$0.12$1.88$0.69$0.47$0.22
2015Detailed filing. Detailed filing data is available for this year.$1.83$0.17$1.66$0.66$0.48$0.18
2014Detailed filing. Detailed filing data is available for this year.$1.63$0.15$1.48$0.66$0.64$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.66$0.20$1.46$0.66$0.72$0.06
2012Summary only. Only limited summary data is available for this year.$1.69$0.17$1.52$0.62$0.68$0.06
2011Summary only. Only limited summary data is available for this year.$1.81$0.23$1.57$0.67$0.67$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.17$1.57$0.58