Civic Intelligence

International Corrugated Packaging Found

EIN 54-1366696 • 501(c)3 • Itasca, IL

View Organization Page

Profile

The International Corrugated Packaging Foundation (ICPF) mission is to grow the workforce of the corrugated packaging industry now and into the future. ICPF creates and builds partnerships within the education community and provides equipment, curriculum, student programs, etc.

500 Park Boulevard 985Itasca, IL 60143

www.icpfbox.org

Siviq Scores

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

Liabilities / Assets

21st percentile

0.02x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.45x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

6th percentile

-46%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

63rd percentile

9.2%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-77%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$18,692,752

Up $597,949 (+3.3%) from 2023

Liabilities

Down

$29,366

Down $336,505 (-92%) from 2023

Net Assets

Up

$18,663,386

Up $934,454 (+5.3%) from 2023

Operations
Liabilities / Revenue66th percentileNet Margin6th percentile

Revenue

Up

$1,233,633

Up $422,872 (+52%) from 2023

Expenses

Up

$1,270,523

Up $86,258 (+7.3%) from 2023

Net Income

Up

-$36,890

Up $336,614 (+90%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth63rd percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $9,242,475Liabilities 2010: $21,279Net Assets 2010: $9,221,1962010Assets 2011: $9,334,818Liabilities 2011: $11,845Net Assets 2011: $9,322,9732011Assets 2012: $10,373,063Liabilities 2012: $19,629Net Assets 2012: $10,353,4342012Assets 2013: $12,024,942Liabilities 2013: $7,654Net Assets 2013: $12,017,2882013Assets 2014: $12,701,795Liabilities 2014: $37,842Net Assets 2014: $12,663,9532014Assets 2015: $12,863,870Liabilities 2015: $23,554Net Assets 2015: $12,840,3162015Assets 2016: $13,829,386Liabilities 2016: $30,756Net Assets 2016: $13,798,6302016Assets 2017: $15,143,363Liabilities 2017: $46,370Net Assets 2017: $15,096,9932017Assets 2018: $14,543,467Liabilities 2018: $232,189Net Assets 2018: $14,311,2782018Assets 2019: $16,420,971Liabilities 2019: $142,976Net Assets 2019: $16,277,9952019Assets 2020: $17,525,762Liabilities 2020: $130,908Net Assets 2020: $17,394,8542020Assets 2021: $19,340,867Liabilities 2021: $80,061Net Assets 2021: $19,260,8062021Assets 2022: $16,573,197Liabilities 2022: $72,000Net Assets 2022: $16,501,1972022Assets 2023: $18,094,803Liabilities 2023: $365,871Net Assets 2023: $17,728,9322023Assets 2024: $18,692,752Liabilities 2024: $29,366Net Assets 2024: $18,663,3862024

Highlighted filing

2024

Assets$18,692,752
Liabilities$29,366
Net Assets$18,663,386
Open 2024 Filing

Operations Trend

Revenue Growth2nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $477,2282010Expenses 2011: $387,5252011Expenses 2012: $405,7802012Revenue 2013: $1,415,742Expenses 2013: $446,042Net Income 2013: $969,7002013Revenue 2014: $1,150,437Expenses 2014: $402,062Net Income 2014: $748,3752014Revenue 2015: $1,412,182Expenses 2015: $412,407Net Income 2015: $999,7752015Revenue 2016: $787,261Expenses 2016: $482,893Net Income 2016: $304,3682016Revenue 2017: $1,200,640Expenses 2017: $512,735Net Income 2017: $687,9052017Revenue 2018: $1,381,204Expenses 2018: $682,929Net Income 2018: $698,2752018Revenue 2019: $846,505Expenses 2019: $614,717Net Income 2019: $231,7882019Revenue 2020: $644,466Expenses 2020: $557,053Net Income 2020: $87,4132020Revenue 2021: $1,163,366Expenses 2021: $556,769Net Income 2021: $606,5972021Revenue 2022: $3,496,085Expenses 2022: $743,063Net Income 2022: $2,753,0222022Revenue 2023: $810,761Expenses 2023: $1,184,265Net Income 2023: -$373,5042023Revenue 2024: $1,233,633Expenses 2024: $1,270,523Net Income 2024: -$36,8902024

Highlighted filing

2024

Revenue$1,233,633
Expenses$1,270,523
Net Income-$36,890
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$18,692,752
Liabilities
$29,366
Net assets
$18,663,386
Revenue
$1,233,633
Expenses
$1,270,523
Net income
-$36,890
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.7$0.03$18.7$1.23$1.27$0.04
2023Detailed filing. Detailed filing data is available for this year.$18.1$0.37$17.7$0.81$1.18$0.37
2022Detailed filing. Detailed filing data is available for this year.$16.6$0.07$16.5$3.50$0.74$2.75
2021Detailed filing. Detailed filing data is available for this year.$19.3$0.08$19.3$1.16$0.56$0.61
2020Detailed filing. Detailed filing data is available for this year.$17.5$0.13$17.4$0.64$0.56$0.09
2019Detailed filing. Detailed filing data is available for this year.$16.4$0.14$16.3$0.85$0.61$0.23
2018Detailed filing. Detailed filing data is available for this year.$14.5$0.23$14.3$1.38$0.68$0.70
2017Detailed filing. Detailed filing data is available for this year.$15.1$0.05$15.1$1.20$0.51$0.69
2016Detailed filing. Detailed filing data is available for this year.$13.8$0.03$13.8$0.79$0.48$0.30
2015Detailed filing. Detailed filing data is available for this year.$12.9$0.02$12.8$1.41$0.41$1.00
2014Detailed filing. Detailed filing data is available for this year.$12.7$0.04$12.7$1.15$0.40$0.75
2013Detailed filing. Detailed filing data is available for this year.$12.0$0.01$12.0$1.42$0.45$0.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.02$10.4$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.33$0.01$9.32$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.24$0.02$9.22$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$5,721,501
Mission and Program Overview

Mission

The international corrugated packaging foundation (icpf) mission is to generate a stream of qualified students to enter the corrugated industry. Icpf creates and builds partnerships within the education community and provides equipment, curriculum, student programs, etc.

Generate a stream of increasingly qualified students to enter the corrugated industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,655,560$17,416,685▲ $761,125
Savings and Temporary Cash Investments$951,965$702,610▼ $249,355
Pledges and Grants Receivable$444,820$549,639▲ $104,819
Prepaid Expenses and Deferred Charges$32,595$16,560▼ $16,035
Land, Buildings, and Equipment, Net$9,863$7,258▼ $2,605
Total Assets$18,094,803$18,692,752▲ $597,949
Liabilities
Grants Payable$343,677--
Accounts Payable and Accrued Expenses$22,194$29,366▲ $7,172
Total Liabilities$365,871$29,366▼ $336,505
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,500,896$12,164,015▲ $663,119
Net Assets With Donor Restrictions$6,228,036$6,499,371▲ $271,335
Total Net Assets Fund Balance$17,728,932$18,663,386▲ $934,454
Total Liabilities and Net Assets / Fund Balance$18,094,803$18,692,752▲ $597,949

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,345$2,214$7,559
Equipment$1,913$1,367$3,280

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$16,655,560-▲ $1,361,125$143,751$17,416,685
2023$15,490,962-▲ $1,764,598-$16,655,560
2022$17,886,466-▼ $2,395,504-$15,490,962
2021$15,869,540-▲ $2,016,926-$17,886,466
2020$14,507,924-▲ $1,361,616-$15,869,540
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Caitlin SalaverriaPresidentFT$219,260$63,845$283,105

Board Members and Trustees

NameTitle
John KelleyChairman
Tim BergwallImmediate past chairman
Al HoodwinDirector
Bob McllvaineDirector
Bryan HollenbachDirector
Gene MarinoDirector
Greg ArvanigianDirector
Greg JonesDirector
Greg TuckerDirector
Jack FitermanDirector
Jaime KolligianDirector
Jay CarmanDirector
Jeff KaserDirector
Joe PalmeriDirector
John LingleDirector
Mike D'AngeloDirector
Neal McConnellogueDirector
Trent MayolDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$790,034
Program Service Revenue
$0
Investment Income
$441,822
Other Revenue
$1,777
All Other Contributions
$665,682
Change in Net Assets
$-36,890

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,183,599
Revenue Not Reported on Financial Statements
$50,034
Revenue Not Reported on Form 990
$971,344
Total Revenue per Audited Statements
$2,154,943
Total Revenue per Form 990
$1,233,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$456,249
Salaries, Compensation, and Employee Benefits$426,907
Other Expenses$387,367
Total Fundraising Expense$67,888
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$456,249--$456,249
Current Officers, Directors, Trustees, and Key Employees$169,867$56,617$56,621$283,105
Other Salaries and Wages$102,253-$5,382$107,635
Fees for Service Investment Mgmnt Fees-$50,034-$50,034
Fees for Services Legal-$27,628-$27,628
Travel$18,356$8,186-$26,542
Payroll Taxes$16,475$3,281$3,630$23,386
Fees for Services Accounting-$21,075-$21,075
All Other Expenses-$8,693-$8,693
Other Employee Benefits$8,013-$413$8,426
Insurance$5,655$1,127$1,246$8,028
Other Expenses$7,409$7,942$373$7,942
Fees for Services Other-$6,527-$6,527
Pension Plan Contributions$4,132-$223$4,355
Depreciation Depletion-$2,605-$2,605
Office Expenses-$1,323-$1,323
Total Functional Expenses$992,261$210,374$67,888$1,270,523

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,270,523
Expenses per Audited Statements$1,220,489
Total Expenses per Audited Statements$1,220,489
Expenses Not Reported on Financial Statements$50,034
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Michian State UniversityNovi, MI-To support corrugated packaging program$63,542
Bowling Green State UniversityBowling Green, OH-To support corrugated packaging program$0
Rutgers UniversityNew Brunswick, NJ-To support corrugated packaging program$0
UW-Stout UniversityMenomonie, WI-To support corrugated packaging program$0
Virginia TechBlacksburg, VA-To support corrugated packaging program$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$80,820
Fundraising Direct Expenses$79,043
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Holiday Weekend in New York$205,172$80,820$2,608$78,212
Total Events$205,172$80,820$79,043$1,777
Political and Lobbying Activity
Political campaign activity
No
Lobbying 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
No
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 A, line 2

“Board members are officers of companies within the corrugated packaging industry that may have a business relationship with other companies within the industry represented by board members.”

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

“A draft 990 is provided to the Organization's President and Treasurer for review and approval before being filed with the IRS. Additionally, the draft 990 is included as an attachment within the agenda and reviewed by all board members at the spring board meeting.”

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

“Conflict of interest statements are completed at board meetings, at least annually. The President reviews all statements to ensure they are all complete and prepares a list of all conflicts. This information is used to identify situations where board members should abstain from voting.”

Form 990, Part VI, Section B, line 15A

“The Chairman reviews compensation of other Organizations, the industry, and the current cost of living to determine the Executive President's salary. The Chariman determines any salary adjustments based on the completion of goals and the overall performance of the President. The Chairman alerts the Executive Committee of his decision and seeks agreement.”

Form 990, Part VI, Section C, line 19

“If the governing documents, financial statements, or policies of our organization are subject to the Federal public disclosure rules (or state public disclosure rules), these documents will be made available upon request as applicable law may require. Otherwise, the governing documents, financial statements, and/or policies will be provided to the public at the discretion of management.”

Filing and Contact Details

Filer

Filer Name
International Corrugated Packaging Found
EIN
54-1366696
Phone
8472262671
Address
500 Park Boulevard 985, Itasca, IL 60143

Signing Officer

Name
Caitlin Salaverria
Title
President
Phone
8472262671
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caitlin Salaverria
Formed
1985
Legal Domicile
Il
Voting Board Members
20
Independent Board Members
20
Employees
2
Volunteers
0

Preparer

Firm
Kositzka Wicks and Company
Address
5270 Shawnee Road Suite 250, Alexandria, VA 22312
Preparer
Jennifer S Manster CPA
Phone
7036422700
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“The President and Treasurer are responsible for overseeing the audit and selecting an independent accountant. This process has not changed from the prior year.”

Financial Statement Notes

Part V, Line 4:

“The Organization will use the return on the investments to support programs and operations, as designated by donors and the Board of Directors.”

Part X, Line 2:

“The following was disclosed related to the Foundation's tax status in the financial statements. The International Corrugated Packaging Foundation is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and is classified as an organization other than a private foundation under 509(a) of the Internal Revenue Code. The Foundation adopted the provisions in FASB ASC 740-10. The Foundation did not disclose any uncertain tax positions.”

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IRS990/Form990PartVIISectionAGrp/PersonNm13Bob Mcllvaine
IRS990/Form990PartVIISectionAGrp/PersonNm14Joe Palmeri
IRS990/Form990PartVIISectionAGrp/PersonNm15Jeff Kaser
IRS990/Form990PartVIISectionAGrp/PersonNm16Greg Jones
IRS990/Form990PartVIISectionAGrp/PersonNm17Jaime Kolligian
IRS990/Form990PartVIISectionAGrp/PersonNm18Caitlin Salaverria
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18President
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