2023-08-22T07:27:35-07:00 2023-04-30 363335935 Costabile & Steffens PC 1805 Hicks Rd Rolling Meadows IL 60008 990 2022-05-01 340714666 FOUNDRY EDUCATIONAL FOUNDATION DBA FEF FOUN 8474909200 1695 N PENNY LANE SCHAUMBURG IL 60173 BRIAN LEWIS Executive Dir. 2023-08-22 true BRIAN LEWIS 999009999 true Frank J Costabile P00629672 8477763700 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 1695 N PENNY LANE SCHAUMBURG IL 60173 7182426 false X www.fefinc.org X 1947 OH FOUNDRY EDUCATIONAL FOUNDATION STRENGHTENS THE METAL CASTING INDUSTRY BY SUPPORTING UNIQUE PARTNERSHIPS AMONG STUDENTS, EDUCATORS, AND INDUSTRY, HELPING TODAY'S STUDENTS BECOME TOMORROW'S LEADERS. 46 46 4 46 0 1290602 1034222 179378 203222 518881 205103 0 1988861 1442547 676515 732211 0 522350 543201 0 148951 526890 552217 1725755 1827629 263106 -385082 12053232 11624609 26406 45265 12026826 11579344 FOUNDRY EDUCATIONAL FOUNDATION STRENGHTENS THE METAL CASTING INDUSTRY BY SUPPORTING UNIQUE PARTNERSHIPS AMONG STUDENTS, EDUCATORS, AND INDUSTRY, HELPING TODAY'S STUDENTS BECOME TOMORROW'S LEADERS. false false 1326988 732211 1034222 FEF is the metalcasting industry's educational program at the post-secondary level. It includes four-year technology schools as well as traditional engineering colleges and graduate schools. It spans the broad range of higher education from production supervision to specialized research. Since 1947, the FEF has sponsored programs that have helped advance the industry through the grooming of its young talent and technical leaders. Working with key professors at member universities along with metalcasting companies, the foundation sponsors networking events, promotes job fairs, awards scholarships, funds programs, and advances the interests of young engineers and technologies, preparing them for technical careers in the industry. 175143 203222 FEF's college industry conference (CIC) is the metalcasting industry's premier career fair and peer engagement annual event bringing together 200 industry leaders and 100 top achieving students. the conference promotes young talent from fef member post-secondary institutions toward career opportunities in the metalcasting industry. the goal is to solidify the student's interest in metalcasting while meeting partner company's needs for top technical talent. each year of $60,000 is awarded in scholarships during the awards luncheon to the best-of-the-best students. the cic scholarship funds are from nearly thirty specially established endowments for the specific purpose of recognizing those students destined for future leadership in the metalcasting industry. 1502131 true true false false false true false false false true true false false false false true true false false false false false false false false false false true true true false false false false false false false false false false false false false false false false false true 4 0 true 4 true false false false false false false false 0 false false false false false false false false false false X 46 46 false false false false false false false true true false false true true true true true true true false false IL X X BRIAN LEWIS 8474909200 1695 N Penny Lane Schaumburg IL 60173 BRIAN LEWIS Executive Dir. 40.00 0.00 X X 162193 0 0 GREG TORDOFF Director 1.00 0.00 X 0 0 0 LES BROWN Director 1.00 0.00 X 0 0 0 TOM DEMPSEY Treasurer 1.00 0.00 X X 0 0 0 JASON GUTIERREZ Director 1.00 0.00 X 0 0 0 JOHNNY HILL Director 1.00 0.00 X 0 0 0 TONY CLARK THRU 423 Director 1.00 0.00 X 0 0 0 DAVID CLARK Director 1.00 0.00 X 0 0 0 PAUL HUFFMAN Director 1.00 0.00 X 0 0 0 JACOB JOHNSON Director 1.00 0.00 X 0 0 0 MICHELLE KERNS Director 1.00 0.00 X 0 0 0 Kathy Hayrynen Director 1.00 0.00 X 0 0 0 KIRK KALLIO 1ST VP 1.00 0.00 X X 0 0 0 WIL TINKER Director 1.00 0.00 X 0 0 0 JOE COSTABILE Director 1.00 0.00 X 0 0 0 CHRIS FETTERS Director 1.00 0.00 X 0 0 0 KELLEY KERNS Director 1.00 0.00 X 0 0 0 JIM KUNDRATIC Director 1.00 0.00 X 0 0 0 Corey Jarvis Director 1.00 0.00 X 0 0 0 MATTIE LAPRADE Director 1.00 0.00 X 0 0 0 BEN HUNSICKER Director 1.00 0.00 X 0 0 0 ANDREW IANNETTONI THRU 423 Director 1.00 0.00 X 0 0 0 JOHN KEOUGH Director 1.00 0.00 X 0 0 0 STEVE SIKORSKI President 1.00 0.00 X X 0 0 0 RANDY SMITH THRU 423 Director 1.00 0.00 X 0 0 0 Maureen P Lynn Secretary 1.00 0.00 X 0 0 0 BRANDON KRUSE Director 1.00 0.00 X 0 0 0 JOHN GRAHEK THRU 423 Fmr. President 1.00 0.00 X X 0 0 0 JON POLLARD Director 1.00 0.00 X 0 0 0 Marty Putnik Director 1.00 0.00 X 0 0 0 JOEY LEONARD Director 1.00 0.00 X 0 0 0 TYLER RICHARDSON THRU 423 Director 1.00 0.00 X 0 0 0 ROBERT STEELE THRU 423 Treasurer 1.00 0.00 X 0 0 0 BRAD MASTERS Director 1.00 0.00 X 0 0 0 JAY MORRISON Director 1.00 0.00 X 0 0 0 LIBBY RYDER Director 1.00 0.00 X 0 0 0 MIKE PETRUS 2ND VP 1.00 0.00 X 0 0 0 JERRY THIEL Director 1.00 0.00 X 0 0 0 MIKE MEYER Director 1.00 0.00 X X 0 0 0 BRIAN SUNDERLAND THRU 423 Director 1.00 0.00 X 0 0 0 JIM WENSON Director 1.00 0.00 X 0 0 0 DON CRAIG Director 1.00 0.00 X 0 0 0 TYLER ECK Director 1.00 0.00 X 0 0 0 DOUG IMRIE Director 1.00 0.00 X 0 0 0 MATT JACOBS Director 1.00 0.00 X 0 0 0 DONALD MCLAIN THRU 423 Director 1.00 0.00 X 0 0 0 JOE MUNIZA Director 1.00 0.00 X 0 0 0 SCOTT ZANDARSKI Director 1.00 0.00 X 0 0 0 EMILY SHEDLARSKI Director 1.00 0.00 X 0 0 0 DAVID FLETCHER Director 1.00 0.00 X 0 0 0 ERIC HANSON Director 1.00 0.00 X 0 0 0 LIZETH MEDINA Director 1.00 0.00 X 0 0 0 TRENT PEARSON Director 1.00 0.00 X 0 0 0 REECE RAGSDALE Director 1.00 0.00 X 0 0 0 ANDY SCHELKE THRU 423 Director 1.00 0.00 X 0 0 0 162193 1 false true false 0 1034222 1034222 COLLEGE INDUSTRY CONF. 611710 203222 203222 203222 271252 271252 0 0 0 5673730 5739879 -66149 -66149 -66149 0 0 0 0 1442547 474474 -66149 301373 301373 430838 430838 0 0 162193 121645 16219 24329 0 230211 127128 45714 57369 38677 24520 6104 8053 83174 52730 13128 17316 28946 18351 4569 6026 0 0 10815 10815 0 0 55286 55286 103411 86880 16531 13588 4919 8046 623 4325 370 3482 473 0 0 17864 4967 7930 4967 106249 85536 11247 9466 0 175143 175143 0 0 6675 6675 2300 47 2206 47 IT SUPPORT AND MAINTENANCE 17848 3964 4830 9054 Printing and Publications 12921 3370 3049 6502 PART TIME HELP 12321 12321 Postage and Shipping 7503 3087 1562 2854 5968 1977 2119 1872 1827629 1502131 176547 148951 289329 277277 0 29950 126950 0 0 0 0 0 5878 6153 26961 23604 1130 3357 11717604 11206404 0 0 9341 4468 0 12053232 11624609 26406 45265 26406 45265 X -1692241 -2757369 13719067 14336713 12026826 11579344 12053232 11624609 -385082 -62400 X false true X true false X 1174444 946877 1001862 1290602 1034222 5448007 191592 178661 17275 179378 203222 770128 0 0 0 1366036 1125538 1019137 1469980 1237444 6218135 0 0 6218135 332868 277420 280506 302736 271252 1464782 0 332868 277420 280506 302736 271252 1464782 0 0 1698904 1402958 1299643 1772716 1508696 7682917 0.80930 0.81730 0.19070 0.18270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12 89 131264 945709 59970 399357 1699506 11429923 true true 13719067 580203 540550 503107 14336713 12760875 874373 487399 403580 13719067 12348744 560903 257144 405916 12760875 11692358 640819 383357 299593 68197 12348744 11101285 711728 300647 302894 118408 11692358 0.08420 0.76660 0.14920 false false false 26961 23604 3357 3357 X 1339861 -62400 15000 -47400 1387261 55286 55286 1442547 1787343 15000 15000 1772343 55286 55286 1827629 Part V, Line 4: Intended uses of the endowment fund. Endowment funds have been established for a variety of purposes, primarily providing scholarship awards, programs and operations. Part X : FIN48 Footnote The Organization is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code. In addition, the Organization qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization other than a private foundation under Internal Revenue Code Section 509(a)(2). In May, 2009, the Organization adopted the provisions of ASC Topic 740-10-25, "Income Taxes Recognition". ASC Topic 740-10-25 had no impact on the Organization's financial statements. The Organization does not believe its financial statements include any uncertain tax positions. true California State Polytechnic 3801 W Temple Ave Pomona CA 91768 204927897 11225 0 discretionary funds for program exp Georgia Southern University 1332 Southern Drive Statesboro GA 30458 586002059 6392 0 discretionary funds for program exp MICHIGAN TECH 1400 TOWNSEND DR 512 MM HOUGHTON MI 49931 386005955 20463 0 DISCRETIONARY FUNDS for program exp MISSOURI S&T 300 W 13TH ST ROLLA MO 65409 436003859 5072 0 discretionary funds for program exp pittsburg state university dept of engineering tech pittsburg KS 66762 223981479 9464 0 discretionary funds for program exp purdue university 401 n grant st west lafayette IN 47907 356002041 8873 0 discretionary funds for program exp Tech Inst of Saltillo Blvd Venustianto Carranza Saltillo Coah MX 25280 12427 0 discretionary funds for program exp The Ohio State University 281 W Lane Ave Columbus OH 43210 316025986 8369 0 discretionary funds for program exp Univ of Wisconsin - Platteville 1 University Plaza Platteville WI 53818 391805963 18612 0 Discretionary Funds for program exp UNIV OF WISCONSIN- MILWAUKEE 3200 N CRAMER ST EMS BLDG MILWAUKEE WI 53211 391805963 9148 0 discretionary funds for program exp Virginia Tech 213 Holden Hall MS 0238 Blacksburg VA 24061 546001805 8741 0 discretionary funds for program exp WESTERN MICHIGAN UNIV 1903 W MICHIGAN AVE KALAMAZOO MI 49008 386007327 5112 0 discretionary funds for program exp 11 1 scholarships and grants 268 430838 Grantmaker's Description of How Grants are Used Procedures for monitoring the use of grant funds: scholarships are paid directly to students and do not require further monitoring. Costs paid with discretionary school funds are either paid upon receipt of invoice, purchase order or other acceptable supporting documentation, or they are charged to a credit card provided by the Organization. Credit card purchases are monitored by the director of program services. Charges are reviewed each month; every school is reviewed at least one per year. If the director of program services determines that a cost is questionable, she requests support from the professor. Grants are awarded periodically through a detailed application process with a consequent follow-up report provided by the grantee. X false false false false false false false false false BRIAN LEWIS Executive Dir. 162193 162193 Form 990, Part VI, Section B, Line 11b The executive committee and executive director review and approve Form 990 before it is signed and filed by the executive director. Form 990, Part VI, Section B, Line 12c The board members are required to review and sign a conflict of interest policy on an annual basis. The executive director reviews the signed statements to ensure that they have been properly signed by the board members. If a board member discovers they have a conflict of interest, they abstain from voting on the related issue. Form 990, Part VI, Section B, Line 15a On an annual basis, the Organization's president and first vice president perform a review of the executive director's performance and compensation. They determine the compensation for the executive director based on local salary surveys and trends within metal casting industry. They discuss the decision with the executive committee, which approves the compensation package. The board gives final approval of the compensation package. This process is documented in the board minutes. Form 990, Part VI, Section C, Line 18 COPY OF FORM 990 IS AVAILABLE THRU THE WEBSITE OF THE ILLINOIS ATTORNEY GENERAL'S OFFICE DATABASE. Form 990, Part VI, Section C, Line 19 The Organization's bylaws are available on its website and upon request.