2018-10-23T06:06:47-07:00 2018-04-30 363335935 Costabile & Steffens PC 1805 Hicks Rd Rolling Meadows IL 60008 990 2017-05-01 340714666 FOUNDRY EDUCATIONAL FOUNDATION DBA FEF FOUN 8474909200 1695 N PENNY LANE SCHAUMBURG IL 60173 BRIAN LEWIS Executive Dir. 2018-10-18 true Frank J Costabile P00629672 8477763700 2017 2018-06-14 16:35:46Z 3649794 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. 37 36 2 40 0 2631884 1193945 148862 179242 678232 353542 0 3458978 1726729 529423 592616 0 289118 301577 7524 0 143093 432785 449839 1258850 1344032 2200128 382697 9842809 10462421 1177900 1170213 8664909 9292208 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 955043 592616 353542 SCHOLARSHIPS AND DISCRETIONARY SCHOOL FUNDS - ADVANCE THE EDUCATION OF PEOPLE IN THE CAST METALS FIELD. 142571 179242 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. 1097614 true true false false false true false false false true true false false false true 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 3 0 true 2 true false false false false false false false false 0 false false false false false false false false false false X 37 36 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 RODNEY BURKHARDT Director 1.00 0.00 X 0 0 0 TOM DEMPSEY Director 1.00 0.00 X 0 0 0 KELLEY KERNS Vice President 1.00 0.00 X 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 WILL TINKER President 1.00 0.00 X X 0 0 0 DAVE GELWICKS Director 1.00 0.00 X 0 0 0 JOE MUNIZA 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 JON POLLARD Director 1.00 0.00 X 0 0 0 LIBBY RYDER Director 1.00 0.00 X 0 0 0 JORGE SIERRA Director 1.00 0.00 X 0 0 0 STEVE SIKORSKI Director 1.00 0.00 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 Vice President 1.00 0.00 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 President 1.00 0.00 X X 0 0 0 BRIAN LEWIS Executive Dir. 40.00 0.00 X X 136578 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 136578 1 false false false 0 1193945 1193945 COLLEGE INDUSTRY CONF. 611710 179242 179242 179242 227152 227152 0 0 0 2049455 1923065 126390 126390 126390 0 0 0 0 1726729 406394 126390 186751 186751 400402 400402 5463 5463 0 136578 102434 13658 20486 0 78030 23409 7802 46819 21358 12524 2136 6698 49483 29016 4948 15519 16128 9457 1613 5058 0 0 15625 15625 0 0 43280 43280 69759 46093 20469 3197 0 2143 199 1690 254 0 0 15565 4328 6909 4328 77930 60658 9378 7894 0 142571 142571 0 0 1458 1458 2126 44 2039 43 PROMOTION 22006 13601 400 8005 Printing and Publications 17148 4472 4047 8629 REPAIRS AND MAINTENANCE 16338 3629 4421 8288 Postage and Shipping 16015 6588 3333 6094 7875 2695 3399 1781 1344032 1097614 103325 143093 224922 200809 0 1330051 903305 0 0 0 0 0 4947 30624 29858 2225 766 8285611 9352594 0 0 0 0 9842809 10462421 14476 5770 1163424 1164443 1177900 1170213 X -529062 -644634 2217165 2286253 6976806 7650589 8664909 9292208 9842809 10462421 382697 244602 X false true X true false X 806023 1004134 754652 2631884 1193945 6390638 124626 120858 156772 148862 179242 730360 0 0 0 930649 1124992 911424 2780746 1373187 7120998 0 0 7120998 225526 279989 211525 170798 227152 1114990 0 225526 279989 211525 170798 227152 1114990 0 0 1156175 1404981 1122949 2951544 1600339 8235988 0.86460 0.85670 0.13540 0.14330 X 10 87 55078 1138867 54015 210324 1471037 7017232 true true 9193971 832948 267432 298288 59221 9936842 7085330 2225221 295446 191912 220114 9193971 6843371 421903 244560 210321 214183 7085330 6477346 474569 235116 149544 194116 6843371 6272900 355595 133177 160211 124115 6477346 0.14580 0.62410 0.23010 false false false 30624 29858 766 766 FUNDS HELD ON BEHALF OF OTHERS 1164442 Rounding 1 1164443 X 1928051 244602 244602 1683449 43280 43280 1726729 1300752 1300752 43280 43280 1344032 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 5463 eft 1 false false false false false false true California State Polytechnic 3801 W Temple Ave Pomona CA 91768 204927897 12197 0 discretionary funds for program exp MICHIGAN TECH 1400 TOWNSEND DR 512 MM HOUGHTON MI 49931 386005955 11229 0 DISCRETIONARY FUNDS for program exp MISSOURI S&T 300 W 13TH ST ROLLA MO 65409 436003859 6293 0 discretionary funds for program exp PENNSYLVANIA STATE UNIVERSITY 112 SHIELDS BUILDING UNIVERISTY PARK PA 19001 246000376 9115 0 DISCRETIONARY FUNDS pittsburg state university dept of engineering tech pittsburg KS 66762 223981479 14175 0 discretionary funds for program exp purdue university 401 n grant st west lafayette IN 47907 356002041 5608 0 discretionary funds for program exp texas state 601 university dr san marcos TX 78666 741982979 5576 0 discretionary funds for program exp Trine University 1 University Ave Angola IN 46703 350715530 9492 0 discretionary funds for program exp Univ of Wisconsin - Platteville 1 University Plaza Platteville WI 53818 391805963 70568 0 Discretionary Funds for program exp UNIV OF WISCONSIN- MILWAUKEE 3200 N CRAMER ST EMS BLDG MILWAUKEE WI 53211 391805963 14346 0 discretionary funds for program exp University of Alabama PO Box 70202 Tuscaloosa AL 35487 636001138 5661 0 discretionary funds for program exp Virginia Tech 213 Holden Hall MS 0238 Blacksburg VA 24061 546001805 11467 0 discretionary funds for program exp WESTERN MICHIGAN UNIV 1903 W MICHIGAN AVE KALAMAZOO MI 49008 386007327 11024 0 discretionary funds for program exp 13 0 scholarships and grants 256 400402 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.