Civic Intelligence

Product Stewardship Institute Inc

EIN 20-2059607 • 501(c)3 • Boston, MA

Profile

The Product Stewardship Institute is a policy expert and consulting nonprofit that powers the emerging circular economy to ensure products are responsibly managed from design to end of life. In 2000, PSI pioneered product stewardship in the United States by convening diverse stakeholders to develop and mediate extended producer responsibility (EPR) policies and programs. Drawing on global best practices and expansive multinational relationships, our policy models and expert testimony have helped enact 141 EPR laws in 33 states across 20 product categories, including packaging. Our members include state, local, and tribal governments in 48 states, and we partner with more than 120 businesses, academic institutions, environmental nonprofits, and international governments. Together, we advance scalable solutions that protect people and the planet.

One Beacon Street Suite 1500Boston, MA 02108

www.productstewardship.us

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.74x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.32x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

44th percentile

1.7%

Higher net margin than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$189,359

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

3.3%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$222,053

Up $24,948 (+13%) from 2023

Liabilities

Up

$385,923

Up $3,871 (+1.0%) from 2023

Net Assets

Up

-$163,870

Up $21,077 (+11%) from 2023

Operations
Liabilities / Revenue74th percentileNet Margin44th percentile

Revenue

Up

$1,223,859

Up $38,947 (+3.3%) from 2023

Expenses

Up

$1,202,782

Up $12,043 (+1.0%) from 2023

Net Income

Up

$21,077

Up $26,904 (+462%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200KAssets 2011: $444,727Liabilities 2011: $317,229Net Assets 2011: $127,4982011Assets 2012: $368,267Liabilities 2012: $280,653Net Assets 2012: $87,6142012Assets 2013: $399,577Liabilities 2013: $294,875Net Assets 2013: $104,7022013Assets 2014: $425,630Liabilities 2014: $305,635Net Assets 2014: $119,9952014Assets 2015: $432,863Liabilities 2015: $276,013Net Assets 2015: $156,8502015Assets 2016: $354,730Liabilities 2016: $243,140Net Assets 2016: $111,5902016Assets 2017: $305,536Liabilities 2017: $301,187Net Assets 2017: $4,3492017Assets 2018: $246,272Liabilities 2018: $187,182Net Assets 2018: $59,0902018Assets 2019: $163,873Liabilities 2019: $216,599Net Assets 2019: -$52,7262019Assets 2020: $281,354Liabilities 2020: $273,801Net Assets 2020: $7,5532020Assets 2021: $293,427Liabilities 2021: $418,616Net Assets 2021: -$125,1892021Assets 2022: $160,387Liabilities 2022: $339,507Net Assets 2022: -$179,1202022Assets 2023: $197,105Liabilities 2023: $382,052Net Assets 2023: -$184,9472023Assets 2024: $222,053Liabilities 2024: $385,923Net Assets 2024: -$163,8702024

Highlighted filing

2024

Assets$222,053
Liabilities$385,923
Net Assets-$163,870
Open 2024 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $876,257Expenses 2011: $842,465Net Income 2011: $33,7922011Revenue 2012: $901,896Expenses 2012: $941,780Net Income 2012: -$39,8842012Revenue 2013: $880,037Expenses 2013: $862,949Net Income 2013: $17,0882013Revenue 2014: $1,116,106Expenses 2014: $1,100,813Net Income 2014: $15,2932014Revenue 2015: $985,668Expenses 2015: $948,813Net Income 2015: $36,8552015Revenue 2016: $907,389Expenses 2016: $952,649Net Income 2016: -$45,2602016Revenue 2017: $792,357Expenses 2017: $899,598Net Income 2017: -$107,2412017Revenue 2018: $922,731Expenses 2018: $867,990Net Income 2018: $54,7412018Revenue 2019: $717,182Expenses 2019: $828,998Net Income 2019: -$111,8162019Revenue 2020: $828,418Expenses 2020: $768,139Net Income 2020: $60,2792020Revenue 2021: $698,236Expenses 2021: $830,978Net Income 2021: -$132,7422021Revenue 2022: $933,235Expenses 2022: $987,166Net Income 2022: -$53,9312022Revenue 2023: $1,184,912Expenses 2023: $1,190,739Net Income 2023: -$5,8272023Revenue 2024: $1,223,859Expenses 2024: $1,202,782Net Income 2024: $21,0772024

Highlighted filing

2024

Revenue$1,223,859
Expenses$1,202,782
Net Income$21,077
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$222,053
Liabilities
$385,923
Net assets
-$163,870
Revenue
$1,223,859
Expenses
$1,202,782
Net income
$21,077
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.22$0.39$0.16$1.22$1.20$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.20$0.38$0.18$1.18$1.19$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.16$0.34$0.18$0.93$0.99$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.29$0.42$0.13$0.70$0.83$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.28$0.27$0.01$0.83$0.77$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.16$0.22$0.05$0.72$0.83$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.25$0.19$0.06$0.92$0.87$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.31$0.30$0.00$0.79$0.90$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.35$0.24$0.11$0.91$0.95$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.28$0.16$0.99$0.95$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.43$0.31$0.12$1.12$1.10$0.02
2013Summary only. Only limited summary data is available for this year.$0.40$0.29$0.10$0.88$0.86$0.02
2012Summary only. Only limited summary data is available for this year.$0.37$0.28$0.09$0.90$0.94$0.04
2011Summary only. Only limited summary data is available for this year.$0.44$0.32$0.13$0.88$0.84$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 17, 2025
Return Version
2023v6.0
Gross Receipts
$1,223,859
Mission and Program Overview

Mission

The Product Stewardship Institute is a policy expert and consulting nonprofit that powers the emerging circular economy to ensure products are responsibly managed from design to end of life. In 2000, PSI pioneered extended producer responsibility (EPR) in the United States by convening diverse stakeholders to build EPR policies and programs. Drawing on global best practices and expansive multinational relationships, our facilitated dialogues, policy models, research, education, and expert testimony have helped enact 150 EPR laws in 34 states and the District of Columbia across 22 product categories, including packaging. Our members include state and local governments in 48 states, and we partner with more than 120 businesses, academic institutions, environmental nonprofits, and international and tribal governments. Together, we advance scalable solutions that protect people and the planet. Join us at www.productstewardship.us.

The Product Stewardship Institute is a policy expert and consulting nonprofit that powers the emerging circular economy to ensure products are responsibly managed from design to end of life. In 2000, PSI pioneered product stewardship in the United States by convening diverse stakeholders to develop and mediate extended producer responsibility (EPR) policies and programs. Drawing on global best practices and expansive multinational relationships, our policy models and expert testimony have helped enact 141 EPR laws in 33 states across 20 product categories, including packaging. Our members include state, local, and tribal governments in 48 states, and we partner with more than 120 businesses, academic institutions, environmental nonprofits, and international governments. Together, we advance scalable solutions that protect people and the planet.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$76,584$141,768▲ $65,184
Cash and Non-Interest-Bearing Accounts$67,022$43,472▼ $23,550
Savings and Temporary Cash Investments$41,122$28,276▼ $12,846
Land, Buildings, and Equipment, Net$1,297$2,957▲ $1,660
Total Assets$197,105$222,053▲ $24,948
Other Assets Total$11,080$5,580▼ $5,500
Liabilities
Deferred Revenue$225,562$216,831▼ $8,731
Accounts Payable and Accrued Expenses$156,490$169,092▲ $12,602
Total Liabilities$382,052$385,923▲ $3,871
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-184,947$-163,870▲ $21,077
Total Net Assets Fund Balance$-184,947$-163,870▲ $21,077
Total Liabilities and Net Assets / Fund Balance$197,105$222,053▲ $24,948

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,957$18,307$21,264
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott CasselChief Executive OfficerFT$145,424$68,231$213,655

Board Members and Trustees

NameTitle
Abby BoudourisPresident
Tom MetznerVice President
Christina SeibertDirector
Jennifer Heaton-JonesDirector
Jennifer HollidayDirector
Joe RotellaDirector
Mia RoethleinDirector
Patrick RileyDirector
Racheal AjayiDirector
Mallory AndersonClerk
Jennifer SemrauTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$470,660
Program Service Revenue
$753,175
Investment Income
$24
Other Revenue
$0
All Other Contributions
$63,008
Change in Net Assets
$21,077

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,223,859
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,223,859
Total Revenue per Form 990
$1,223,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$864,404
Other Expenses$338,378
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$330,134$218,798$0$548,932
Current Officers, Directors, Trustees, and Key Employees$104,195$76,512$0$180,707
Fees for Services Other$85,455$31,420$0$116,875
Conferences and Meetings$92,478$758$0$93,236
Other Employee Benefits$52,545$26,587$0$79,132
Payroll Taxes$36,941$18,692$0$55,633
Office Expenses$8,401$31,877$0$40,278
Fees for Services Accounting$0$23,731$0$23,731
Travel$16,749$1,443$0$18,192
Information Technology$0$14,400$0$14,400
Occupancy$0$12,167$0$12,167
Other Expenses$3,890$5,213$0$9,103
Insurance$1,130$7,765$0$8,895
Depreciation Depletion$0$1,501$0$1,501
Total Functional Expenses$731,918$470,864$0$1,202,782

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,202,782
Total Expenses per Audited Statements$1,202,782
Total Expenses per Form 990$1,202,782
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Lobbying activity
Yes
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Meeting or teleconference to review Form 990 before filing”

Form 990, Part VI, Section B, Line 12C

“An annual disclosure questionnaire is distributed”

Form 990, Part VI, Section B, Line 15

“Compensation of Executive Director and key employees are subject to review by the Executive committee”

Form 990, Part VI, Section C, Line 19

“Available upon request”

Filing and Contact Details

Filer

Filer Name
Product Stewardship Institute Inc
EIN
20-2059607
Phone
6172364855
Address
One Beacon Street Suite 1500, Boston, MA 02108

Signing Officer

Name
Jennifer Semrau
Title
Treasurer
Phone
6082677550
Signed
2025-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Cassel
Formed
2004
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
10
Volunteers
0

Preparer

Firm
Brian Korby
Address
1516 Mystic Valley Pkwy, Medford, MA 02155
Preparer
Brian Korby
Phone
7817772627
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IRS990/ActivityOrMissionDesc0The Product Stewardship Institute is a policy expert and consulting nonprofit that powers the emerging circular economy to ensure products are responsibly managed from design to end of life. In 2000, PSI pioneered product stewardship in the United States by convening diverse stakeholders to develop and mediate extended producer responsibility (EPR) policies and programs. Drawing on global best practices and expansive multinational relationships, our policy models and expert testimony have helped enact 141 EPR laws in 33 states across 20 product categories, including packaging. Our members include state, local, and tribal governments in 48 states, and we partner with more than 120 businesses, academic institutions, environmental nonprofits, and international governments. Together, we advance scalable solutions that protect people and the planet.
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IRS990/Desc0PSI staff, board directors, members, and partners continued to advance EPR programs in the fiscal year ending June 30, 2024. The PSI staff provided technical support, facilitated stakeholder engagement, mediated policy discussions, conducted research, and provided expert testimony that kept our team at the forefront of policy development, capacity building, and education. The results included the establishment of first-in-the-nation stewardship programs for EV batteries in New Jersey and boat wrap in Minnesota, the fifth packaging EPR law in Minnesota, and the 13th paint stewardship program in Maryland, among other milestones. PACKAGING: PSI played a foundational role in the development of Minnesota's packaging EPR law, including providing the policy model on which the law was built, technical assistance, and stakeholder engagement. PSI also served as facilitator for the Colorado packaging EPR advisory board, ensuring that all stakeholder groups have ongoing input into the program; in fiscal year 2024 the focus was the statewide needs assessment study. Additionally, PSI convened and facilitated a meeting of producers, governments, and other key stakeholders that resulted in identification of the top packaging policy elements that require harmonization across states to support the smooth implementation of new programs, which laid the foundation for a harmonization effort that will begin in 2025. In other efforts to help producers navigate compliance with packaging EPR, PSI launched the webinar series "Preparing Producers for Oregon Packaging EPR" in partnership with Circular Action Alliance and Oregon DEQ. BATTERIES, ELECTRONICS, AND SOLAR: PSI's research, policy models, and stakeholder engagement continued to support the advancement of battery stewardship programs in Illinois, which enacted a battery EPR law in August 2024, and in Oregon, where a bill is set to be introduced in 2025. Additionally, PSI provided technical assistance to support electronics stewardship efforts in Alaska and research and facilitation on solar PV system stewardship in Minnesota. HOUSEHOLD HAZARDOUS WASTE (HHW), INCLUDING VAPES, MEDICAL SHARPS, AND PHARMACEUTICALS: PSI collaborated with Boulder County, Colorado (a PSI member) to advance stakeholder education, infrastructure, and management solutions for vape product waste, a growing environmental concern. PSI also worked to expand the infrastructure for medical sharps and pharmaceutical stewardship in Missouri and Oklahoma, where education campaigns generated over 119,000 social media impressions and more than 1,600 engagements, directing residents to authorized take-back locations through our GIS map. Additionally, PSI supported implementation of the first HHW EPR program in the U.S. in Vermont by facilitating information-sharing and technical support to aid the program's rollout. EDUCATION AND CAPACITY BUILDING: PSI hosted the most well-attended EPR conference in the U.S. to date in Portland, Oregon, welcoming nearly 225 attendees from across the country and around the world. The event convened experts from industry, government, and environmental groups to discuss and collaborate on pressing EPR topics. In addition to the conference, PSI hosted four webinars covering critical areas such as toxics in packaging, tire stewardship, packaging EPR in Oregon, and paint stewardship programs, drawing more than 1,660 registrants. PSI also held monthly strategic policy development calls with government members on packaging and battery policy, fostering dialogue and advancing EPR initiatives. Throughout the year, PSI distributed monthly EPR-focused newsletters and press releases, keeping nearly 14,000 stakeholders informed on major developments in EPR policy creation and program implementation for packaging, batteries, HHW, textiles, and other products. PSI also served as a key resource for journalists, contributing information to 26 articles on EPR. Additionally, PSI spoke at 26 conferences, meetings, and web
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IRS990/Form990PartVIISectionAGrp/PersonNm0Scott Cassel
IRS990/Form990PartVIISectionAGrp/PersonNm1Abby Boudouris
IRS990/Form990PartVIISectionAGrp/PersonNm2Tom Metzner
IRS990/Form990PartVIISectionAGrp/PersonNm3Jennifer Semrau
IRS990/Form990PartVIISectionAGrp/PersonNm4Mallory Anderson
IRS990/Form990PartVIISectionAGrp/PersonNm5Joe Rotella
IRS990/Form990PartVIISectionAGrp/PersonNm6Racheal Ajayi
IRS990/Form990PartVIISectionAGrp/PersonNm7Jennifer Heaton-Jones
IRS990/Form990PartVIISectionAGrp/PersonNm8Jennifer Holliday
IRS990/Form990PartVIISectionAGrp/PersonNm9Mia Roethlein
IRS990/Form990PartVIISectionAGrp/PersonNm10Patrick Riley
IRS990/Form990PartVIISectionAGrp/PersonNm11Christina Seibert
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IRS990/MissionDesc0The Product Stewardship Institute is a policy expert and consulting nonprofit that powers the emerging circular economy to ensure products are responsibly managed from design to end of life. In 2000, PSI pioneered product stewardship in the United States by convening diverse stakeholders to develop and mediate extended producer responsibility (EPR) policies and programs. Drawing on global best practices and expansive multinational relationships, our policy models and expert testimony have helped enact 141 EPR laws in 33 states across 20 product categories, including packaging. Our members include state, local, and tribal governments in 48 states, and we partner with more than 120 businesses, academic institutions, environmental nonprofits, and international governments. Together, we advance scalable solutions that protect people and the planet.
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