SOCIETY OF PLASTICS ENGINEERS INC Charity Report

Public IRS 990 nonprofit record

SOCIETY OF PLASTICS ENGINEERS INC

EIN 06-0692002 · Science & Technology (U42C)

What they do

THE SOCIETY of PLASTICS ENGINEERS (SPE) SUPPORTS PEOPLE and COMPANIES IN THE PLASTICS INDUSTRY, BY PRODUCING PROGRAMS WHICH FACILITATE THE SHARING of KNOWLEDGE, THE STRENGTHENING of SKILLS and THE PROMOTION of THE PLASTICS INDUSTRY WORLDWIDE. SPE SERVES PLASTICS PROFESSIONALS FROM EVERY SEGMENT of THE INDUSTRY, INCLUDING ENGINEERS, SCIENTISTS, TECHNICIANS, SALESPEOPLE, MARKETERS, RETAILERS and REPRESENTATIVES FROM ALL PLASTICS-PRODUCING and PLASTICS-USING INDUSTRIES. THESE STAKEHOLDERS USE SPE AS A FORUM to DISCUSS CRITICAL ISSUES and SHARE TECHNICAL ADVANCEMENTS for THE BETTERMENT of THE INDUSTRY and of SOCIETY AS A WHOLE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

89.23%of revenue went to mission work76.7% of expenses · Program services

1.53%of revenue went to fundraising1.3% of expenses

$116.41spent for every $100 of revenueSpending was higher than revenue this year.

25.65%of revenue went to management and office costs22.0% of expenses

$1.26in assets for every $1 spent this yearSome assets cannot be spent right away.

24.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $787,412 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $384,264 for PATRICK FARREY (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,799,789

Mission workProgram services$4,282,77389.23% of revenue76.7% of expenses

ManagementOffice and general costs$1,230,97325.65% of revenue22.0% of expenses

FundraisingAsking for donations$73,4551.53% of revenue1.3% of expenses

Total expenses$5,587,201116.41% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.7% mission · 22.0% management · 1.3% fundraisingTotal expenses: 116.41% of revenue

2023Expense mix: 77.0% mission · 21.7% management · 1.2% fundraisingTotal expenses: 130.71% of revenue

2022Expense mix: 78.3% mission · 20.0% management · 1.7% fundraisingTotal expenses: 104.06% of revenue

2021Expense mix: 77.9% mission · 20.3% management · 1.8% fundraisingTotal expenses: 79.02% of revenue

2020Expense mix: 76.9% mission · 21.3% management · 1.8% fundraisingTotal expenses: 90.38% of revenue

2019Expense mix: 77.0% mission · 21.1% management · 1.8% fundraisingTotal expenses: 92.76% of revenue

2018Expense mix: 77.3% mission · 20.9% management · 1.8% fundraisingTotal expenses: 93.03% of revenue

2017Expense mix: 77.5% mission · 20.7% management · 1.8% fundraisingTotal expenses: 112.72% of revenue

Money in and money out

Revenue$4,799,789

Expenses$5,587,201

Annual shortfall $787,412 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,282,773 · 76.7% of expenses

Management and office costs$1,230,973 · 22.0% of expenses

Fundraising$73,455 · 1.3% of expenses

See all reported dollar amounts

Revenue$4,799,789

Expenses$5,587,201

Assets$7,048,555

Income$10,568,372

Contributions$1,165,318

Mission work (program services)$4,282,773

Fundraising$73,455

Grants given$1,452,375

Average grant$10,758

Management and general$1,230,973

Stocks and bonds$3,690,343

Accounting fees$109,857

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PATRICK FARREYCHIEF EXECUTIVE OFFICER · 50 hrs/week $384,264Base $377,209 · Other $7,055

EVE VITALEFOUNDATION DIRECTOR · 40 hrs/week $188,553Base $182,781 · Other $5,772

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

PATRICK FARREYCHIEF EXECUTIVE OFFICER

EVE VITALEFOUNDATION DIRECTOR

BRUCE MULHOLLANDPAST PRESIDENT

CONOR CARLINPRESIDENT

ELLEN LEEDIRECTOR

GUSTAVO NECHARDIRECTOR

JAMES WADDELLTREASURER

JUNGMEE KANGDIRECTOR

LYNZIE NEBELSECRETARY

MARGARET SOBKOWICZDIRECTOR

MUBASHIR ANSARIDIRECTOR

PRAVEEN BOOPALACHANDRANDIRECTOR

SCOTT EASTMANPRESIDENT-ELECT

TODD BIERDIRECTOR

About this charity

Recognized since: January 1945
Location: 83 WOOSTER HTS STE 125, DANBURY, CT 06810-7550
County: Fairfield
In care of: PATRICK FARREY
Primary officer: PATRICK FARREY, CHIEF EXECUTIVE OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(203) 740-5400

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CARTER HAYES ASSOCIATES PC
NTEE classification: Science & Technology (U42C)
Grant-giving organization: Yes