2014-08-05T11:27:33-07:00 2014-04-30 Costabile & Steffens PC 1805 Hicks Rd Rolling Meadows IL 60008 990 2013-05-01 340714666 FOUNDRY EDUCATIONAL FOUNDATION DBA FEF FOUN 8474909200 1695 N PENNY LANE SCHAUMBURG IL 60173 William W Sorensen Executive Director 2014-07-24 true Frank J Costabile P00629672 8477763700 2013 2015-11-30 17:44:51Z 11035243 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 3 200 0 551115 806023 123981 124626 508451 293805 0 1183547 1224454 400953 440296 0 290505 279120 0 112366 284896 294735 976354 1014151 207193 210303 7087165 7480181 1145845 1127183 5941320 6352998 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 580491 806023 SCHOLARSHIPS AND DISCRETIONARY SCHOOL FUNDS - ADVANCE THE EDUCATION OF PEOPLE IN THE CAST METALS FIELD. 208481 124626 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. 788972 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 false 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 3 true false false false false false false false 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 X WILLIAM SORENSEN 8474909200 1695 N Penny Lane Schaumburg IL 60173 William W Sorensen Executive Direc 35.00 0.00 X X 148241 0 0 PAUL BARKER 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 KATHY HAYRYNEN Director 1.00 0.00 X 0 0 0 GLENN BYCZYNSKI Director 1.00 0.00 X 0 0 0 MICHELLE ANFINSON Director 1.00 0.00 X 0 0 0 DON CRAIG Director 1.00 0.00 X 0 0 0 Thomas A Cobett President 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 JOEY LEONARD 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 ERIC MEYERS Director 1.00 0.00 X 0 0 0 ANDREW IANNETTONI Director 1.00 0.00 X 0 0 0 THOMAS DEMPSEY Director 1.00 0.00 X 0 0 0 LEE LEWIS 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 CARY MATHES Director 1.00 0.00 X 0 0 0 MARK MAY Director 1.00 0.00 X 0 0 0 Maureen P Lynn Director 1.00 0.00 X 0 0 0 PETE GUIDI Director 1.00 0.00 X 0 0 0 DAVE SHOUSE Director 1.00 0.00 X 0 0 0 DOUGLAS S IMRIE Director 1.00 0.00 X 0 0 0 RICK L JAMES Director 1.00 0.00 X 0 0 0 EDWARD KACZMAREK Director 1.00 0.00 X 0 0 0 KEVIN WHEELER Director 1.00 0.00 X 0 0 0 ROBERT STEELE Director 1.00 0.00 X 0 0 0 BOB SMILLIE Director 1.00 0.00 X 0 0 0 MATT SULLIVAN Director 1.00 0.00 X 0 0 0 LAURA STROHMAYER Director 1.00 0.00 X 0 0 0 JOSHUA WITTENBURG Director 1.00 0.00 X 0 0 0 EUGENE C MURATORE Director 1.00 0.00 X 0 0 0 ERIC NELSON Director 1.00 0.00 X 0 0 0 SANDY CALABRESE Director 1.00 0.00 X 0 0 0 BODIE D COOPER Director 1.00 0.00 X 0 0 0 148241 1 false false false 0 806023 806023 COLLEGE INDUSTRY CONF. 611710 124626 124626 124626 225526 225526 0 0 0 9879068 9810789 68279 68279 68279 0 0 0 0 1224454 124626 293805 122593 122593 317703 317703 0 0 148241 74121 14824 59296 0 59817 41872 14954 2991 19929 10961 2989 5979 37141 20641 5578 10922 13992 7748 2100 4144 0 0 15663 14097 1566 0 0 36380 7738 28642 11995 1200 10795 0 13632 3027 3689 6916 0 0 13870 3857 6157 3856 44953 37654 3963 3336 0 106695 106695 0 0 3680 3680 1384 28 1328 28 PART TIME HELP 14544 7272 3636 3636 Printing and Publications 9142 2384 2157 4601 Postage and Shipping 8846 3639 1841 3366 PROMOTION 4648 3048 77 1523 9303 2694 4837 1772 1014151 788972 112813 112366 59829 69424 7913 0 68250 5000 0 0 0 0 0 0 25951 23744 2912 2207 6940328 7398592 0 0 7933 4958 0 7087165 7480181 19327 51 1126518 1127132 1145845 1127183 X -331580 -124348 653015 589321 5619885 5888025 5941320 6352998 7087165 7480181 210303 201375 X false true X true false X 1069256 448030 446049 551115 806023 3320473 66610 96608 132965 123981 124626 544790 0 0 0 1135866 544638 579014 675096 930649 3865263 0 0 3865263 133976 145345 168480 186263 225526 859590 0 133976 145345 168480 186263 225526 859590 0 0 1269842 689983 747494 861359 1156175 4724853 0.81810 0.85070 0.18190 0.13940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12 70 31500 324095 29367 176974 754270 3951286 true true 6272900 355595 133177 160211 124115 6477346 6295233 140495 134509 178574 118763 6272900 6338640 130315 165851 222556 117017 6295233 6443134 139649 126524 253807 116860 6338640 793902 268355 269649 211860 6443134 6443134 0.90900 0.09100 false false false 25951 23744 2207 2207 FUNDS HELD ON BEHALF OF OTHERS 1127132 1127132 X 1389449 201375 201375 1188074 36380 36380 1224454 977771 977771 36380 36380 1014151 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 9819 0 discretionary funds for program exp MICHIGAN TECH 1400 TOWNSEND DR 512 MM HOUGHTON MI 49931 386005955 7573 0 DISCRETIONARY FUNDS for program exp missouri u of science & tech 292 mcnutt hall rolla MO 65409 680557741 8072 0 discretionary funds for program exp pittsburg state university dept of engineering tech pittsburg KS 66762 223981479 14112 0 discretionary funds for program exp purdue university 401 n grant st west lafayette IN 47907 356002041 7683 0 discretionary funds for program exp Univ of Wisconsin - Platteville 1 University Plaza Platteville WI 53818 391805963 12377 0 Discretionary Funds for program exp 1 5 SCHOLARSHIPS FOR STUDENTS 8 40000 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.