2015-09-01T06:41:59-07:00 2015-04-30 Costabile & Steffens PC 1805 Hicks Rd Rolling Meadows IL 60008 990 2014-05-01 340714666 FOUNDRY EDUCATIONAL FOUNDATION DBA FEF FOUN 8474909200 1695 N PENNY LANE SCHAUMBURG IL 60173 BRIAN LEWIS Executive Dir. 2015-08-31 true Frank J Costabile P00629672 8477763700 2014 2016-02-25 16:41:14Z 5485111 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. 42 40 4 40 0 806023 1004134 124626 120858 293805 418532 0 1224454 1543524 440296 468553 0 279120 348566 0 157157 294735 350868 1014151 1167987 210303 375537 7480181 7986595 1127183 1133658 6352998 6852937 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 648936 1004134 SCHOLARSHIPS AND DISCRETIONARY SCHOOL FUNDS - ADVANCE THE EDUCATION OF PEOPLE IN THE CAST METALS FIELD. 231615 120858 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. 880551 true true false false false true false false false true true false false false true 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 false false false false true 4 0 true 4 true false false false false false false false false 0 false false false false false false false false false false X 42 40 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 William W Sorensen fmr exec dir 35.00 0.00 X 159906 0 0 MICHELLE ANFINSON Director 1.00 0.00 X 0 0 0 BARRY CRAIG Director 1.00 0.00 X 0 0 0 KELLEY KERNS Director 1.00 0.00 X 0 0 0 TOM COBETT Director 1.00 0.00 X 0 0 0 GLENN BYCZYNSKI Director 1.00 0.00 X 0 0 0 TERRY DECKER Director 1.00 0.00 X 0 0 0 BODIE COOPER Director 1.00 0.00 X 0 0 0 DON CRAIG Director 1.00 0.00 X 0 0 0 Joseph Costabile Secretary 1.00 0.00 X 0 0 0 CRYSTALYN HVAL Director 1.00 0.00 X 0 0 0 JEREMY EASTMAN Director 1.00 0.00 X 0 0 0 WILL TINKER Director 1.00 0.00 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 THOMAS DEMPSEY Director 1.00 0.00 X 0 0 0 JIM KUNDRATIC Director 1.00 0.00 X 0 0 0 MARTY PUTNIK 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 DAN YRIGOYEN Director 1.00 0.00 X 0 0 0 Maureen P Lynn Vice President 1.00 0.00 X 0 0 0 PETE GUIDI Director 1.00 0.00 X 0 0 0 JOHN GRAHEK Director 1.00 0.00 X 0 0 0 CHRIS HETZLER Director 1.00 0.00 X 0 0 0 RICK L JAMES President 1.00 0.00 X 0 0 0 JOEY LEONARD Director 1.00 0.00 X 0 0 0 BRIAN LEWIS Executive Dir. 35.00 0.00 X X 59583 0 0 KEVIN WHEELER Director 1.00 0.00 X 0 0 0 ROBERT STEELE Director 1.00 0.00 X 0 0 0 DOUG IMRIE Director 1.00 0.00 X 0 0 0 STEVE SHAFFER Director 1.00 0.00 X 0 0 0 LAURA STROHMAYER Director 1.00 0.00 X 0 0 0 ED KACZMAREK Director 1.00 0.00 X 0 0 0 lynette telleen Director 1.00 0.00 X 0 0 0 ERIC MEYERS Director 1.00 0.00 X 0 0 0 ERIC NELSON Director 1.00 0.00 X 0 0 0 GENE MURATORE Director 1.00 0.00 X 0 0 0 MATT SULLIVAN Director 1.00 0.00 X 0 0 0 SANDY CALABRESE Director 1.00 0.00 X 0 0 0 219489 1 false true false 0 1004134 1004134 COLLEGE INDUSTRY CONF. 611710 120858 120858 120858 279989 279989 0 0 0 4080130 3941587 138543 138543 138543 0 0 0 0 1543524 120858 418532 140459 140459 328094 328094 0 0 219489 109745 21949 87795 0 59048 41334 8857 8857 20527 10981 2436 7110 30035 16068 3563 10404 19467 10415 2310 6742 0 0 12410 8947 3463 0 0 41752 41752 32841 23675 9166 9059 5472 171 3416 0 0 0 14290 3973 6343 3974 71598 56441 8229 6928 0 109014 109014 0 0 3843 3843 734 15 704 15 Printing and Publications 12985 3386 3064 6535 REPAIRS AND MAINTENANCE 11439 2541 3095 5803 Postage and Shipping 10626 4372 2211 4043 PART TIME HELP 10607 3606 3500 3501 9670 2013 5623 2034 1167987 880551 130279 157157 69424 118297 0 5000 1750 0 0 0 0 0 0 27910 24612 2207 3298 7398592 7861267 0 0 4958 1983 0 7480181 7986595 51 4705 1127132 1128953 1127183 1133658 X -124348 9566 589321 479679 5888025 6363692 6352998 6852937 7480181 7986595 375537 124402 X false true X true false X 448030 446049 551115 806023 1004134 3255351 96608 132965 123981 124626 120858 599038 0 0 0 544638 579014 675096 930649 1124992 3854389 0 0 3854389 145345 168480 186263 225526 279989 1005603 0 145345 168480 186263 225526 279989 1005603 0 0 689983 747494 861359 1156175 1404981 4859992 0.79310 0.81810 0.20690 0.18190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10 73 63399 411170 25750 133551 867361 4351295 true true 6477346 474569 235116 149544 194116 6843371 6272900 355595 133177 160211 124115 6477346 6295233 140495 134509 178574 118763 6272900 6338640 130315 165851 222556 117017 6295233 6443134 139649 126524 253807 116860 6338640 0.92990 0.07010 false false false 27910 24612 3298 3298 FUNDS HELD ON BEHALF OF OTHERS 1128953 1128953 X 1626174 124402 124402 1501772 41752 41752 1543524 1126235 1126235 41752 41752 1167987 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 8403 0 discretionary funds for program exp MICHIGAN TECH 1400 TOWNSEND DR 512 MM HOUGHTON MI 49931 386005955 11250 0 DISCRETIONARY FUNDS for program exp missouri u of science & tech 292 mcnutt hall rolla MO 65409 680557741 6894 0 discretionary funds for program exp pittsburg state university dept of engineering tech pittsburg KS 66762 223981479 14475 0 discretionary funds for program exp purdue university 401 n grant st west lafayette IN 47907 356002041 9465 0 discretionary funds for program exp Univ of Wisconsin - Platteville 1 University Plaza Platteville WI 53818 391805963 13871 0 Discretionary Funds for program exp UNIV OF WISCONSIN- MILWAUKEE 3200 N CRAMER ST EMS BLDG MILWAUKEE WI 53211 391805963 6500 0 DISCRETIONARY FUNDS western michigan university dept of ind mfg engr kalamazoo MI 49008 386007327 6986 0 discretionary funds for program exp 1 7 SCHOLARSHIPS FOR STUDENTS 5 40812 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. false false false false false false false false false false William W Sorensen fmr exec dir 159906 159906 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.