2019-11-14T10:15:57-08:00 2019-04-30 363335935 Costabile & Steffens PC 1805 Hicks Rd Rolling Meadows IL 60008 990 2018-05-01 340714666 FOUNDRY EDUCATIONAL FOUNDATION DBA FEF FOUN 8474909200 1695 N PENNY LANE SCHAUMBURG IL 60173 BRIAN LEWIS Executive Dir. 2019-11-14 true Frank J Costabile P00629672 8477763700 2018 2020-03-31 21:24:44Z 1695 N PENNY LANE SCHAUMBURG IL 60173 5100856 false 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 1193945 1174444 179242 191592 353542 442142 0 1726729 1808178 592616 712111 0 301577 401750 0 180658 449839 481707 1344032 1595568 382697 212610 10462421 10934567 1170213 3608 9292208 10930959 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 1154915 662111 1174444 SCHOLARSHIPS AND DISCRETIONARY SCHOOL FUNDS - ADVANCE THE EDUCATION OF PEOPLE IN THE CAST METALS FIELD. 141976 191592 COLLEGE INDUSTRY CONFERENCE - AN EVENT HELD FOR TOP STUDENTS AND KEY PROFESSORS IN THE METAL CASTING FIELD TO LEARN MORE ABOUT THE VARIOUS OPPORTUNITIES IN THE INDUSTRY AND TO PROVIDE CONNECTIONS TO LEADERS IN THE INDUSTRY AND JOB OPPORTUNITIES. 1296891 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 false false false true 9 0 true 4 true false false false false false false true true false 0 false false 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 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 BRIAN LEWIS Executive Dir. 40.00 0.00 X X 140675 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 140675 1 false false false 0 1174444 1174444 COLLEGE INDUSTRY CONF. 611710 191592 191592 191592 332868 332868 0 0 0 3401952 3292678 109274 109274 109274 0 0 0 0 1808178 524460 109274 261696 261696 439702 439702 10713 10713 0 140675 105506 14068 21101 0 151954 75074 18774 58106 0 86456 53351 9704 23401 22665 13986 2544 6135 0 0 14480 14480 0 0 46909 46909 80401 43014 15325 22062 17569 11239 304 6026 3318 361 2496 461 0 0 15969 4440 7089 4440 87390 67980 10539 8871 0 141976 141976 0 0 1624 1624 86 2 82 2 REPAIRS AND MAINTENANCE 22285 4950 6030 11305 Printing and Publications 21351 5568 5039 10744 Postage and Shipping 15201 6254 3163 5784 TELEPHONE 6390 2347 1907 2136 6758 1823 4851 84 1595568 1296891 118019 180658 200809 197925 0 903305 656493 0 0 0 0 0 4947 5393 33686 30534 766 3152 9352594 10044286 0 0 27318 0 10462421 10934567 5770 3608 1164443 1170213 3608 X -644634 -761399 2286253 7650589 11692358 9292208 10930959 10462421 10934567 X 212610 261698 1164443 X false true X true false X 1004134 754652 2631884 1193945 1174444 6759059 120858 156772 148862 179242 191592 797326 0 0 0 1124992 911424 2780746 1373187 1366036 7556385 0 0 7556385 279989 211525 170798 227152 332868 1222332 0 279989 211525 170798 227152 332868 1222332 0 0 1404981 1122949 2951544 1600339 1698904 8778717 0.86080 0.86460 0.13920 0.13540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12 76 60918 620810 55750 197144 1520907 8790233 true true 11101285 711728 368003 302894 118408 11759714 10358414 832948 267432 298288 59221 11101285 8249773 2225221 295446 191912 220114 10358414 8007814 421903 244560 210321 214183 8249773 7641789 474569 235116 149544 194116 8007814 0.12320 0.67310 0.20370 false false false 33686 30534 3152 3152 X 2022967 261698 261698 1761269 46909 46909 1808178 1548659 1548659 46909 46909 1595568 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 10713 eft 1 false false false false false false true Arizona State University 1151 S Forest Ave Tempe AZ 85281 860196696 12270 0 discretionary funds for program exp California State Polytechnic 3801 W Temple Ave Pomona CA 91768 204927897 12845 0 discretionary funds for program exp MICHIGAN TECH 1400 TOWNSEND DR 512 MM HOUGHTON MI 49931 386005955 21808 0 DISCRETIONARY FUNDS for program exp MISSOURI S&T 300 W 13TH ST ROLLA MO 65409 436003859 6914 0 discretionary funds for program exp PENNSYLVANIA STATE UNIVERSITY 112 SHIELDS BUILDING UNIVERISTY PARK PA 19001 246000376 7280 0 discretionary funds for program exp pittsburg state university dept of engineering tech pittsburg KS 66762 223981479 19116 0 discretionary funds for program exp TEXAS STATE UNIVERSITY 601 UNIVERSITY DR SAN MARCOS TX 78666 746002248 5174 0 discretionary funds for program exp Univ of Alabama - Tuscaloosa PO Box 870136 Tuscaloosa AL 35487 636001138 6856 0 discretionary funds for program exp Univ of Alabama-Birmingham 1530 3rd Ave South Birmingham AL 35294 636005396 9154 0 discretionary funds for program exp UNIV OF NORTHERN IOWA 213 E BARTLETT CEDAR FALLS IA 50614 426004333 5926 0 discretionary funds for program exp Univ of Wisconsin - Platteville 1 University Plaza Platteville WI 53818 391805963 67778 0 Discretionary Funds for program exp UNIV OF WISCONSIN- MILWAUKEE 3200 N CRAMER ST EMS BLDG MILWAUKEE WI 53211 391805963 30541 0 discretionary funds for program exp Virginia Tech 213 Holden Hall MS 0238 Blacksburg VA 24061 546001805 8261 0 discretionary funds for program exp WESTERN MICHIGAN UNIV 1903 W MICHIGAN AVE KALAMAZOO MI 49008 386007327 7482 0 discretionary funds for program exp 14 0 scholarships and grants 288 439702 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. Other Changes In Net Assets Or Fund Balances - Other Increases RESTATEMENT OF PRIOR YEAR AMOUNT = $1164443