2020-10-27T13:50:56-07:00 2020-04-30 363335935 Costabile & Steffens PC 1805 Hicks Rd Rolling Meadows IL 60008 990 2019-05-01 340714666 FOUNDRY EDUCATIONAL FOUNDATION DBA FEF FOUN 8474909200 1695 N PENNY LANE SCHAUMBURG IL 60173 BRIAN LEWIS Executive Dir. 2020-10-27 true Frank J Costabile P00629672 8477763700 2019 2021-01-29 14:40:06Z 1695 N PENNY LANE SCHAUMBURG IL 60173 3871478 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. 40 39 4 40 0 1174444 946877 191592 178661 442142 391537 0 1808178 1517075 712111 623969 0 401750 488470 0 183873 481707 425434 1595568 1537873 212610 -20798 10934567 10850999 3608 10715 10930959 10840284 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 1083108 598969 946877 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. 148648 178661 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. 1231756 true true false false false true false false false true true false false false false true true false false false false true false false false false false true true false false false false false false false false false false false false false false false false false false true 9 0 true 4 true false false false false false true true false 0 false false false false false false false false false false X 40 39 false false false false false false false true true false false true true true true true true true false false IL X BRIAN LEWIS 8474909200 1695 N Penny Lane Schaumburg IL 60173 BRIAN LEWIS Executive Dir. 40.00 0.00 X X 146302 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 1st vice pres. 1.00 0.00 X X 0 0 0 KELLEY KERNS Director 1.00 0.00 X 0 0 0 DAVID CLARK Director 1.00 0.00 X 0 0 0 TONY CLARK Director 1.00 0.00 X 0 0 0 ZEYDI GUTIERREZ Director 1.00 0.00 X 0 0 0 JOANN COYNE Director 1.00 0.00 X 0 0 0 JOHNNY HILL Director 1.00 0.00 X 0 0 0 LIZETH MEDINA Director 1.00 0.00 X 0 0 0 Kathy Hayrynen Director 1.00 0.00 X 0 0 0 KIRK KALLIO Director 1.00 0.00 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 NICK GERRITS Director 1.00 0.00 X 0 0 0 JASON GUTIERREZ Director 1.00 0.00 X 0 0 0 Corey Jarvis Director 1.00 0.00 X 0 0 0 JIM KUNDRATIC 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 2nd vice pres. 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 President 1.00 0.00 X X 0 0 0 CHRIS HETZLER 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 Terry McClellan 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 JOHN OUTTEN Director 1.00 0.00 X 0 0 0 MIKE PETRUS Director 1.00 0.00 X 0 0 0 JIM LAGRANT 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 146302 1 false false false 0 946877 946877 COLLEGE INDUSTRY CONF. 611710 178661 178661 178661 277420 277420 0 0 0 2468520 2354403 114117 114117 114117 0 0 0 0 1517075 456081 114117 180554 180554 434280 434280 9135 9135 0 146302 109727 14630 21945 0 207087 100151 26884 80052 0 108606 64501 12758 31347 26475 15723 3110 7642 0 0 14920 14920 0 0 50227 50227 25463 21466 3997 9645 6942 135 2568 2539 242 1986 311 0 0 16400 4560 7280 4560 85334 67727 9560 8047 0 148648 148648 0 0 7714 7714 4416 90 4237 89 REPAIRS AND MAINTENANCE 20064 4457 5429 10178 Printing and Publications 18271 4765 4312 9194 Postage and Shipping 16045 6601 3339 6105 TELEPHONE 5283 1941 1576 1766 465 19 377 69 1537873 1231756 122244 183873 197925 293417 0 656493 421413 0 0 0 0 0 5393 5393 22932 16804 3152 6128 10044286 10103503 0 0 27318 21145 0 10934567 10850999 3608 10715 3608 10715 X -761399 -1508460 11692358 12348744 10930959 10840284 10934567 10850999 -20798 -69877 X false true X true false X 754652 2631884 1193945 1174444 946877 6701802 156772 148862 179242 191592 178661 855129 0 0 0 911424 2780746 1373187 1366036 1125538 7556931 0 0 7556931 211525 170798 227152 332868 277420 1219763 0 211525 170798 227152 332868 277420 1219763 0 0 1122949 2951544 1600339 1698904 1402958 8776694 0.86100 0.86080 0.13900 0.13920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12 78 51136 589684 37700 252774 1558139 9583321 true true 11692358 640819 383357 299593 68197 12348744 11101285 711728 300647 302894 118408 11692358 10358414 832948 267432 298288 59221 11101285 8249773 2225221 295446 191912 220114 10358414 8007814 421903 244560 210321 214183 8249773 0.09780 0.68910 0.21310 false false false 22932 16804 6128 6128 X 1396971 -69877 -69877 1466848 50227 50227 1517075 1487646 1487646 50227 50227 1537873 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 MEXICO program 9135 eft 1 false false false false false false true California State Polytechnic 3801 W Temple Ave Pomona CA 91768 204927897 5004 0 discretionary funds for program exp MICHIGAN TECH 1400 TOWNSEND DR 512 MM HOUGHTON MI 49931 386005955 12250 0 DISCRETIONARY FUNDS for program exp pittsburg state university dept of engineering tech pittsburg KS 66762 223981479 5709 0 discretionary funds for program exp UNIV OF NORTHERN IOWA 213 E BARTLETT CEDAR FALLS IA 50614 426004333 5316 0 discretionary funds for program exp Univ of Wisconsin - Platteville 1 University Plaza Platteville WI 53818 391805963 47070 0 Discretionary Funds for program exp Virginia Tech 213 Holden Hall MS 0238 Blacksburg VA 24061 546001805 10239 0 discretionary funds for program exp 6 0 scholarships and grants 257 434280 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. 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 19: Other Organization Documents Publicly Available The Organization's bylaws are available on its website and upon request.