Civic Intelligence

Flexible Intermediate Bulk Container Association Inc

990 • Fiscal year 2023 • EIN 75-2374070

Jan 01, 2023 to Dec 31, 2023 • Filed on May 01, 2024

Organization Profilefibca.com
Corporation Service Co 2 Sun CourtPeachtree Corners, GA 30092

(952) 412-8867

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.02x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

29th percentile

-3.9%

Higher net margin than 29% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

94th percentile

$199,750

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 39.5% of source-year revenue.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Asset Growth

22nd percentile

-7.0%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

59th percentile

12%

Faster revenue growth than 59% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$260,567

Down $19,584 (-7.0%) from 2022

Net Assets

Down

$254,567

Down $19,734 (-7.2%) from 2022

Liabilities

Up

$6,000

Up $150 (+2.6%) from 2022

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin29th percentile

Revenue

Up

$506,174

Up $53,451 (+12%) from 2022

Expenses

Up

$525,908

Up $92,475 (+21%) from 2022

Net Income

Down

-$19,734

Down $39,024 (-202%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$600K$400K$200K$0Assets 2011: $43,222Liabilities 2011: $02011Assets 2012: $41,260Liabilities 2012: $02012Assets 2013: $44,209Liabilities 2013: $02013Assets 2014: $59,354Liabilities 2014: $0Net Assets 2014: $59,3542014Assets 2015: $66,112Liabilities 2015: $0Net Assets 2015: $66,1122015Assets 2016: $175,606Liabilities 2016: $81,892Net Assets 2016: $93,7142016Assets 2017: $114,525Liabilities 2017: $12,370Net Assets 2017: $102,1552017Assets 2018: $136,547Liabilities 2018: $16,130Net Assets 2018: $120,4172018Assets 2019: $158,006Liabilities 2019: $18,972Net Assets 2019: $139,0342019Assets 2020: $244,399Liabilities 2020: $2,375Net Assets 2020: $242,0242020Assets 2021: $259,886Liabilities 2021: $4,875Net Assets 2021: $255,0112021Assets 2022: $280,151Liabilities 2022: $5,850Net Assets 2022: $274,3012022Assets 2023: $260,567Liabilities 2023: $6,000Net Assets 2023: $254,5672023Assets 2024: $422,010Liabilities 2024: $147,000Net Assets 2024: $275,0102024

Highlighted filing

2023

Assets$260,567
Liabilities$6,000
Net Assets$254,567
Open 2023 Filing

Operations Trend

Revenue Growth59th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $145,279Expenses 2011: $143,431Net Income 2011: $1,8482011Revenue 2012: $179,188Expenses 2012: $181,151Net Income 2012: -$1,9632012Revenue 2013: $197,834Expenses 2013: $194,886Net Income 2013: $2,9482013Revenue 2014: $212,375Expenses 2014: $197,267Net Income 2014: $15,1082014Revenue 2015: $234,958Expenses 2015: $228,223Net Income 2015: $6,7352015Revenue 2016: $330,361Expenses 2016: $302,760Net Income 2016: $27,6012016Revenue 2017: $355,529Expenses 2017: $347,088Net Income 2017: $8,4412017Revenue 2018: $362,642Expenses 2018: $344,380Net Income 2018: $18,2622018Revenue 2019: $382,069Expenses 2019: $358,308Net Income 2019: $23,7612019Revenue 2020: $308,852Expenses 2020: $205,861Net Income 2020: $102,9912020Revenue 2021: $288,199Expenses 2021: $275,212Net Income 2021: $12,9872021Revenue 2022: $452,723Expenses 2022: $433,433Net Income 2022: $19,2902022Revenue 2023: $506,174Expenses 2023: $525,908Net Income 2023: -$19,7342023Revenue 2024: $533,543Expenses 2024: $513,100Net Income 2024: $20,4432024

Highlighted filing

2023

Revenue$506,174
Expenses$525,908
Net Income-$19,734
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 1, 2024
Return Version
2023v5.0
Gross Receipts
$506,664
Mission and Program Overview

Mission

Fibca's mission is to: motivate customers to use fibcs to maximize their profitability, safety, and sustainability; and, educate its members about regulations and standards, promote the use of their products, and to be a strong voice for the fibc industry with regulatory agencies around the world.

To educate the FIBC / Bulk Bag industry and end users about regulations, industry standards, safe handling and benefits of use.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$213,447$178,857▼ $34,590
Prepaid Expenses and Deferred Charges$34,166$48,069▲ $13,903
Cash and Non-Interest-Bearing Accounts$27,467$29,060▲ $1,593
Inventories for Sale or Use$5,071$4,581▼ $490
Accounts Receivable$0$0→ $0
Total Assets$280,151$260,567▼ $19,584
Liabilities
Deferred Revenue$5,850$6,000▲ $150
Total Liabilities$5,850$6,000▲ $150
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$274,301$254,567▼ $19,734
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$274,301$254,567▼ $19,734
Total Liabilities and Net Assets / Fund Balance$280,151$260,567▼ $19,584
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lewis AndersonExecutive DirectorFT$142,000$57,750$199,750

Board Members and Trustees

NameTitle
Steve RussellPresident
Ernie GiordanoVice President
Danny HochBoard Member
Justin MurphyBoard Member
Lucas KunkBoard Member
Michael OwensBoard Member
Punit GopalkaBoard Member
Jay ToddSecretary
James FosterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lewis AndersonExecutive Director (Association Management)PO Box 240514, Saint Paul, MN 55124$199,750
Revenue and Support

Revenue Composition

Contributions and Grants
$7,100
Program Service Revenue
$497,351
Investment Income
$409
Other Revenue
$1,314
All Other Contributions
$7,100
Change in Net Assets
$-19,734
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$322,408
Salaries, Compensation, and Employee Benefits$199,750
Grants and Similar Amounts Paid$3,750
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$255,007$0$0$255,007
Current Officers, Directors, Trustees, and Key Employees$199,750$0$0$199,750
Fees for Services Other$27,352$0$0$27,352
Office Expenses$15,035$0$0$15,035
Travel$12,543$0$0$12,543
Information Technology$5,089$0$0$5,089
Grants to Domestic Individuals$3,500--$3,500
Insurance$3,196$0$0$3,196
Other Expenses$3,105$0$0$3,105
Fees for Services Accounting$1,081$0$0$1,081
Grants to Domestic Orgs$250--$250
Total Functional Expenses$525,908$0$0$525,908
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The Flexible Intermediate Bulk Container Association has two classes of membership as follows: Regular Members: Companies that manufacture, sell, or recondition flexible intermediate bulk containers. Associate Members: Companies that provide a product or service relating to the manufacture, marketing, or use of flexible intermediate bulk containers.”

Form 990, Part VI, Section A, Line 7A

“The members of the Flexible Intermediate Bulk Container Association present at the annual and semi-annual conferences elect the board of directors.”

Form 990, Part VI, Section A, Line 7B

“The board of directors recommends changes to the bylaws, which must be approved by the membership present at the annual or semi-annual conferences.”

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

“The executive director carefully reviews the federal form 990 and schedules prior to filing. Copies of the federal form 990 and schedules are electronically distributed to the board of directors for review.”

Form 990, Part VI, Section B, Line 15

“The executive director's compensation is reviewed and approved by the board of directors during the winter board of directors meeting each year.”

Form 990, Part VI, Section C, Line 18

“The Flexible Intermediate Bulk Container Association's tax documents are available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“The Flexible Intermediate Bulk Container Association's governing documents and financial statements are available to the members on the FIBCA website and to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Flexible Intermediate Bulk Container Association Inc
EIN
75-2374070
Phone
9524128867
Address
Corporation Service Co 2 Sun Court, Peachtree Corners, GA 30092

Signing Officer

Name
Lewis Anderson
Title
Executive Director
Phone
9524128867
Signed
2024-05-01

Organization Details

Principal Officer
Lewis Anderson
Formed
1984
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt05089
IRS990/InformationTechnologyGrp/TotalAmt05089
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt03196
IRS990/InsuranceGrp/TotalAmt03196
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt05071
IRS990/InventoriesForSaleOrUseGrp/EOYAmt04581
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0409
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0409
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FIBCA's Mission Is To: - Motivate customers to use FIBCs to maximize their profitability, safety, and sustainability; and, Educate its members about regulations and standards, promote the use of their products, and to be a strong voice for the FIBC industry with regulatory agencies around the world.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0274301
IRS990/NetAssetsOrFundBalancesEOYAmt0254567
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01314
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01314
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0274301
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0254567
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt015035
IRS990/OfficeExpensesGrp/TotalAmt015035
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Dues, Subscriptions & Conference Fees
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt03105
IRS990/OtherExpensesGrp/TotalAmt03105
IRS990/OtherInd0X
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt034166
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt048069
IRS990/PrincipalOfficerNm0Lewis Anderson
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Membership Dues and Initiation Fees
IRS990/ProgramServiceRevenueGrp/Desc1Program Fees and Sponsorship
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0378500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1118851
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0378500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1118851
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0Publications and Videos - Materials are developed to educate members and end users on the benefits of FIBCs, safe handling guidelines, terminology, correct customs tariff classification, safe handling, labeling, how to select the correct FIBC, recycling and educational bulletins on regulatory and industry developments.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt027352
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01314
IRS990/ProgSrvcAccomActy3Grp/Desc0Educational and Technical Services - Presentations, technical assistance, email blasts, online member tools, and resources to educate members, enhance safety, and keep the manufacturers of FIBCs and suppliers of industry-related services informed of the latest industry standards, regulations, etc.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0243549
IRS990/ProgSrvcAccomActy3Grp/GrantAmt03750
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0371400
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt03500
IRS990/PYInvestmentIncomeAmt053
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0254933
IRS990/PYOtherRevenueAmt01561
IRS990/PYProgramServiceRevenueAmt0451109
IRS990/PYRevenuesLessExpensesAmt019290
IRS990/PYSalariesCompEmpBnftPaidAmt0175000
IRS990/PYTotalExpensesAmt0433433
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0452723
IRS990/ReconcilationRevenueExpnssAmt0-19734

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$260,567
Liabilities
$6,000
Net assets
$254,567
Revenue
$506,174
Expenses
$525,908
Net income
-$19,734
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.22$1.47$2.75$5.34$5.13$0.20
2023Detailed filing. Detailed filing data is available for this year.$2.61$0.06$2.55$5.06$5.26$0.20
2022Detailed filing. Detailed filing data is available for this year.$2.80$0.06$2.74$4.53$4.33$0.19
2021Detailed filing. Detailed filing data is available for this year.$2.60$0.05$2.55$2.88$2.75$0.13
2020Summary only. Only limited summary data is available for this year.$2.44$0.02$2.42$3.09$2.06$1.03
2019Summary only. Only limited summary data is available for this year.$1.58$0.19$1.39$3.82$3.58$0.24
2018Summary only. Only limited summary data is available for this year.$1.37$0.16$1.20$3.63$3.44$0.18
2017Summary only. Only limited summary data is available for this year.$1.15$0.12$1.02$3.56$3.47$0.08
2016Summary only. Only limited summary data is available for this year.$1.76$0.82$0.94$3.30$3.03$0.28
2015Summary only. Only limited summary data is available for this year.$0.66$0.00$0.66$2.35$2.28$0.07
2014Summary only. Only limited summary data is available for this year.$0.59$0.00$0.59$2.12$1.97$0.15
2013Summary only. Only limited summary data is available for this year.$0.44$0.00$1.98$1.95$0.03
2012Summary only. Only limited summary data is available for this year.$0.41$0.00$1.79$1.81$0.02
2011Summary only. Only limited summary data is available for this year.$0.43$0.00$1.45$1.43$0.02