2019-04-04T14:25:02-05:00 2018-06-30 420714325 RSM US LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2017-07-01 360725470 American Foundry Society AMER 8478240181 1695 N Penny Lane Schaumburg IL 60173 Doug Kurkul CEO 8478240181 2019-04-03 1 Rebekuh Eley P01247672 3126343400 108.171.131.187 2019-04-03 08:34:55 CD P 972ACA630144D1186DE4CD2460E77C4D7B57CBE3 7C605E2F418ECD3347EC446B51AB1B1A7CC4F3F2 2017 2019-02-21 02:37:17Z Doug Kurkul 1695 N Penny Lane Schaumburg IL 60173 8128675 0 X afsinc.org X 1917 IL The mission of the American Foundry Society is to advance the success of its members and the metalcasting industry through advocacy, education, and innovation. 19 19 42 800 2098626 227993 785073 407655 5807366 5560762 217762 64092 390328 441130 7200529 6473639 357600 350946 0 0 2919606 3043410 0 0 0 4139139 4143677 7416345 7538033 -215816 -1064394 6632474 5777430 1820780 1521729 4811694 4255701 X The mission of the American Foundry Society is to advance the success of its members and the metalcasting industry through advocacy, education, and innovation. 0 0 Magazines - the Society's magazines disseminate information about the advancement of the sciences related to the manufacture and utilization of metalcasting. Modern Casting is published monthly with a worldwide readership of 17,000. Metalcasting Design & Purchasing is distributed to approximately 20,000 readers on a bi-monthly basis. The International Journal of Metalcasting (published papers from academia and Industry) is circulated to approximately 300 readers quarterly. The quarterly online only magazine, Global Castings' readership is estimated at 60,000 worldwide. Technical services - provides administrative, management, research, and technical support services to the metalcasting industry. Services include division council, committees, research services, technology transfer, and information transfer. Division council and committee represent about 800 volunteers. Research projects - cooperative research agreements with foundry industry and federal government agencies. Projects administered by the Society are those that will have the most impact on the industry. Conventions & Expositions 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 40 0 1 42 1 1 1 0 0 0 1 1 0 X 19 19 0 0 0 0 1 0 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X Peggy Mennella 8478240181 1695 N Penny Lane Schaumburg IL 60173 Patricio Gil President 0.30 0.30 X X 0 0 0 Jean Bye Vice President 0.30 0.30 X X 0 0 0 Peter C Reich 2nd Vice President 0.30 0.30 X X 0 0 0 Jeff Cook Immediate Past President 0.30 0.30 X X 0 0 0 Edward S Boyd Sr Director (unitl 04/18) 0.30 0.30 X 0 0 0 James L JB Brown Director (unitl 04/18) 0.30 0.30 X 0 0 0 Michael L Lenahan Director (unitl 04/18) 0.30 0.30 X 0 0 0 Randolph Sandstrom Director (unitl 04/18) 0.30 0.30 X 0 0 0 Sandra M Calabrese Director 0.30 0.30 X 0 0 0 Jim Frost Director 0.30 0.30 X 0 0 0 John L Grahek Director 0.30 0.30 X 0 0 0 Christof Heisser Director (until 04/18) 0.30 0.30 X 0 0 0 Greg Loving Director 0.30 0.30 X 0 0 0 Jason McGowan Director 0.30 0.30 X 0 0 0 Russell Rosmait Director 0.30 0.30 X 0 0 0 Scott Strobl Director 0.30 0.30 X 0 0 0 Tom Christie Director 0.30 0.30 X 0 0 0 Mike Leib Director 0.30 0.30 X 0 0 0 Christopher T Misiak Director 0.30 0.30 X 0 0 0 Bradford Muller Director 0.30 0.30 X 0 0 0 Patrick Carlin Director (as of 4/18) 0.30 0.30 X 0 0 0 David Gilson Director (as of 4/18) 0.30 0.30 X 0 0 0 Jeet Radia Director (as of 4/18) 0.30 0.30 X 0 0 0 Sara Joyce Director (as of 4/18) 0.30 0.30 X 0 0 0 Douglas Kurkul Chief Executive Officer 40.00 5.00 X 209019 0 34494 Kristine Drager Dir of Finance & Exh (until 6/18) 40.00 X 142520 0 20767 Mike Lakas Vice President of IT & Operations 40.00 X 136996 0 9476 Zayna Connor Vice President of Technology 40.00 X 100893 0 22814 589428 0 87551 4 0 1 0 QuadGraphics Inc N61 W23044 Harrys Way Sussex WI 53089 Printing 323017 Potomac Government Relations 3816 30th Road North Arlington VA 22207 Government Affairs Consultant Fees 277204 Product Development & Analysis LLC PO Box 4933 Naperville IL 60567 Research and Editorials 192500 Express Printing Center 309 N Wolf Rd Wheeling IL 60090 Printing 181034 Westmoreland Mechanical Testing & Resear PO Box 388 Youngstown PA 15696 Research Testing 174783 7 347619 60036 30227 407655 Advertising 541800 2098626 2098626 Membership Dues 900099 1689902 1689902 Convention & Expo 900099 1003013 1003013 Industry Services 900099 708143 708143 Government Affairs 900099 61078 61078 5560762 148604 148604 57186 57186 15620 0 15620 15620 15620 1499982 1584494 -84512 -84512 -84512 126261 70542 55719 55719 Administrative Services 561000 312364 312364 241 241 312605 6473639 3830219 2098626 137139 325063 25883 243513 2105257 45238 477857 171545 405941 88688 41200 271962 101659 71962 238256 242716 3431 332015 53653 923170 76585 136270 24420 Magazine Publishing 662724 Dues Alloc. to Research 385532 UBI Tax Expense 53266 30227 7538033 172272 102276 354745 622189 47050 128679 328641 270363 145845 187442 208111 305281 3318465 1667037 1582172 1651428 3673240 2279554 120398 230218 6632474 5777430 764434 708092 162505 429335 893841 384302 1820780 1521729 X 4723421 4167308 40365 40485 47908 47908 4811694 4255701 6632474 5777430 X -1064394 43104 465297 X 0 1 X 1 0 0 0 1 1689902 172263 79002 251265 202788 48477 562460 562460 1145724 517035 628689 1443432 1022092 421340 166849 127910 38939 1651428 Committed Research Contracts 384302 384302 X 7771776 43104 92510 1091981 1227595 6544181 -70542 -70542 6473639 8320686 92510 690143 782653 7538033 0 7538033 Part X, Line 2: The Society is exempt from income taxes under Section 501(c)(6) of the Internal Revenue Code and applicable state law. However, income from certain activities not directly related to the Society's tax-exempt purposes is subject to taxation as unrelated business income. The Society follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Society may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Society and positions related to the potential sources of unrelated business taxable income (UBTI). There were no unrecognized tax benefits identified or recorded as liabilities during the reporting periods covered by these financial statements. The Society files Form 990 in the U.S. federal jurisdiction. These forms are generally no longer subject to examination by the Internal Revenue Service for years before 2015. Part XI, Line 2d - Other Adjustments: Pension-related changes other than net periodic pension cost 465,297. Cast Metal Institute Revenue 939,048. Eliminated Revenue - Administrative services to CMI -312,364. Part XI, Line 4b - Other Adjustments: Costs of Goods Sold -70,542. Part XII, Line 2d - Other Adjustments: Costs of Goods Sold 70,542. Cast Metals Institute Expense 931,965. Eliminated Expense - Adminstrative Services to CMI -312,364. 1 Product Development & Analysis LLC PO Box 4933 Naperville IL 60567 364121041 N/A 167960 Research and development of metalcasting technology and processes Cast Metals Institute Inc 1695 N Penny Lane Schaumburg IL 60173 362491586 501(C)(3) 42000 Research Activity Secat Inc 1505 Bull Lea Road Lexington KY 40511 611354889 N/A 8325 Research Activity University of Northern Iowa Off Business Operation 103 Gilchrist Cedar Falls IA 50614 426004333 State of Iowa 79000 Research Activity ZMC Consulting Inc 5501 Carriageway Drive Unit 113 Rolling Meadows IL 60008 823456890 N/A 27778 Research Activity 1 4 Research Projects 4 25883 Part I, Line 2: Grant monies are paid out according to the statement of work document created prior to monies being committed. Contractor provides invoice representing time, materials, etc. as milestones are reached. Vice President of Technical Services reviews expenses submitted and verifies work has been performed and documented satisfactorily to meet milestones before monies are paid out. X X X 0 0 0 Douglas Kurkul Chief Executive Officer 193503 0 15000 0 516 0 3093 0 31401 0 243513 0 0 0 Kristine Drager Dir of Finance & Exh (until 6/18) 142090 0 0 0 430 0 4647 0 16120 0 163287 0 0 0 X Supplies & Materials 2 30227 Fair Market Value 0 0 0 0 Part I, Column (b): is the number of contributors. Part I, Line 19 The total loss reported for the year of $1,064,394 excludes the unrealized gains on investments of $43,104 and increase changes in investments related to the pension of $465,297. These items are recognized as revenue in the consolidated audited annual financial statements of the American Foundry Society. Form 990, Part VI, Section A, line 6 Membership in the organization shall be available to all individuals and corporations in the metalcasting industry, its supplier industries, related academia and OEM/customers of the industry. Form 990, Part VI, Section A, line 7b All individual members, with the exception of student members, and those residing outside of North America, shall have the right to hold office in American Foundry Society and to cast one vote on all questions submitted to the membership by letter or other ballot. Form 990, Part VI, Section B, line 11b Board resolution passed August 2009 delegates this responsibility to the Finance Committee for independent review before filing. The Form 990 is also provided to all members of the governing body before it is filed. Form 990, Part VI, Section B, line 12c All new board members sign the conflict of interest policy at the beginning of their 3 year term. The conflict of interest policy is renewed annually at the August board meeting each year a board member serves. Due to the nature of our industry, there is an awareness of what is happening within to informally monitor throughout the year. If a conflict occurs, the board member would recuse themselves from voting on the matter. Form 990, Part VI, Section B, line 15a At the American Foundry Society, there is an Executive Review and Compensation Committee (ERCC) which shall consist of the President, Vice President, 2nd Vice President and Immediate Past President. The Committee is responsible for establishing executive compensation and further serves as the review authority for the CEO. The CEO's performance is evaluated annually by the ERCC against established goals, through a process that involves consultation with the Board of Directors and other stakeholders. The compensation level is benchmarked periodically using resources including the National Association of Manufacturers Council of Manufacturing Associations Executive Salary Survey and the Association Forum of Chicagoland Association Compensation Benefits Survey. Any changes in salary or incentive bonus payments are communicated in writing from the ERCC to the Director of Accounting & Finance. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request for the same period of disclosure as set forth in IRC Section 6104(d). Form 990, Part XI, line 9: Pension-related Changes other than Net Periodic Pension Cost 465,297. Cast Metals Institute 1695 N Penny Lane Schaumburg IL 60173 362491586 Continuing education IL 501(c)(3) Line 10 American Foundry Society 1 Metalcasting Research Foundation NFP 1695 N Penny Lane Schaumburg IL 60173 208939361 Metallurgy and Metal Casting Scientific Research Programs IL 501(c)(3) Line 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Cast Metals Institute N 360000 Cash Transfer Part II, Column A Metalcasting Research Foundation, NFP was dissolved during the fiscal year.