2022-10-07T09:20:30-07:00 2022-04-30 363335935 Costabile & Steffens PC 1805 Hicks Rd Rolling Meadows IL 60008 990 2021-05-01 340714666 FOUNDRY EDUCATIONAL FOUNDATION DBA FEF FOUN 8474909200 1695 N PENNY LANE SCHAUMBURG IL 60173 BRIAN LEWIS Executive Dir. 2022-10-07 true BRIAN LEWIS 999009999 Frank J Costabile P00629672 8477763700 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z 1695 N PENNY LANE SCHAUMBURG IL 60173 5610235 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. 23 23 4 46 0 1001862 1290602 17275 179378 458991 518881 0 1478128 1988861 679446 676515 0 504137 522350 0 153427 246082 526890 1429665 1725755 48463 263106 13151509 12053232 141189 26406 13010320 12026826 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 1269293 676515 1290602 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. 154289 179378 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. 1423582 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 23 23 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 155209 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 President 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 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 2nd V.P. 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 Director 1.00 0.00 X 0 0 0 JOHN KEOUGH Director 1.00 0.00 X 0 0 0 STEVE SIKORSKI 1st V.P. 1.00 0.00 X X 0 0 0 RANDY SMITH 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 Fmr. President 1.00 0.00 X X 0 0 0 JOHN 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 Director 1.00 0.00 X 0 0 0 ROBERT STEELE 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 Director 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 0 0 0 BRIAN SUNDERLAND 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 DOUG IMRIE Director 1.00 0.00 X 0 0 0 MATT JACOBS Director 1.00 0.00 X 0 0 0 DONALD MCLAIN 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 155209 1 false true false 0 91282 1199320 1290602 COLLEGE INDUSTRY CONF. 611710 179378 179378 179378 302736 302736 0 0 0 3837519 3621374 216145 216145 216145 0 0 0 0 1988861 482114 216145 237170 237170 439345 439345 0 0 155209 116407 15521 23281 0 220297 121654 43745 54898 36259 22988 5729 7542 82629 52384 13035 17210 27956 17724 4412 5820 0 0 0 0 0 64893 64893 112908 87933 19418 5557 20392 13189 348 6855 4484 384 3610 490 0 0 17380 4833 7715 4832 82999 67163 8598 7238 0 154289 154289 0 0 7959 7959 2654 54 2546 54 REPAIRS AND MAINTENANCE 18586 4128 5029 9429 Printing and Publications 13548 3534 3197 6817 UNCOLLECTIBLE SUPPORT 11875 11875 Postage and Shipping 5551 2284 1155 2112 9372 1351 6729 1292 1725755 1423582 148746 153427 225035 289329 0 245575 29950 0 0 0 0 0 5393 5878 22932 21802 3458 1130 12657076 11717604 0 0 14972 9341 0 13151509 12053232 49907 26406 91282 141189 26406 X 249445 -1692241 12760875 13719067 13010320 12026826 13151509 12053232 263106 -1246600 X false true X true false X 1193945 1174444 946877 1001862 1290602 5607730 179242 191592 178661 17275 179378 746148 0 0 0 1373187 1366036 1125538 1019137 1469980 6353878 0 0 6353878 227152 332868 277420 280506 302736 1420682 0 227152 332868 277420 280506 302736 1420682 0 0 1600339 1698904 1402958 1299643 1772716 7774560 0.81730 0.85610 0.18270 0.14390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12 87 51357 823016 64200 282492 1628212 10883571 true true 12760875 874373 487399 403580 13719067 12348744 560903 257144 405916 12760875 11692358 640819 383357 299593 68197 12348744 11101285 711728 300647 302894 118408 11692358 10358414 832948 267432 298288 59221 11101285 0.08800 0.69890 0.21310 false false false 22932 21802 1130 1130 X 677368 -1246600 -1246600 1923968 64893 64893 1988861 1660862 1660862 64893 64893 1725755 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 19268 0 discretionary funds for program exp Georgia Southern University 1332 Southern Drive Statesboro GA 30458 586002059 6225 0 discretionary funds for program exp Kent State University 800 E Summit St Kent OH 44240 316402079 8400 0 discretionary funds for program exp MICHIGAN TECH 1400 TOWNSEND DR 512 MM HOUGHTON MI 49931 386005955 15694 0 DISCRETIONARY FUNDS for program exp MISSOURI S&T 300 W 13TH ST ROLLA MO 65409 436003859 11000 0 discretionary funds for program exp pittsburg state university dept of engineering tech pittsburg KS 66762 223981479 11081 0 discretionary funds for program exp Tech Inst of Saltillo Blvd Venustianto Carranza Saltillo Coah MX 25280 5863 0 discretionary funds for program exp TEXAS STATE UNIVERSITY 601 UNIVERSITY DR SAN MARCOS TX 78666 746002248 5753 0 discretionary funds for program exp The Ohio State University 281 W Lane Ave Columbus OH 43210 316025986 8287 0 discretionary funds for program exp Univ of Alabama - Tuscaloosa PO Box 870136 Tuscaloosa AL 35487 636001138 7188 0 discretionary funds for program exp Univ of Alabama-Birmingham 1530 3rd Ave South Birmingham AL 35294 636005396 10861 0 discretionary funds for program exp Univ of Wisconsin - Platteville 1 University Plaza Platteville WI 53818 391805963 18113 0 Discretionary Funds for program exp UNIV OF WISCONSIN- MILWAUKEE 3200 N CRAMER ST EMS BLDG MILWAUKEE WI 53211 391805963 11803 0 discretionary funds for program exp University of Northern Iowa 1227 W 27th Street Cedar Falls IA 50614 426004333 10117 0 discretionary funds for program exp Virginia Tech 213 Holden Hall MS 0238 Blacksburg VA 24061 546001805 7397 0 discretionary funds for program exp WESTERN MICHIGAN UNIV 1903 W MICHIGAN AVE KALAMAZOO MI 49008 386007327 6051 0 discretionary funds for program exp 15 1 scholarships and grants 231 439345 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. X false false false false false false false false false BRIAN LEWIS Executive Dir. 155209 155209 Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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, Line 18: Explanation of Other Means Forms Available For Public Inspection COPY OF FORM 990 IS AVAILABLE THRU THE WEBSITE OF THE ILLINOIS ATTORNEY GENERAL'S OFFICE DATABASE. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Organization's bylaws are available on its website and upon request.