2012-12-07T06:32:26-08:00 2012-04-30 Costabile & Steffens PC 1805 Hicks Rd Rolling Meadows IL 60008 990 2011-05-01 340714666 FOUNDRY EDUCATIONAL FOUNDATION FOUN 8474909200 1695 N PENNY LANE SCHAUMBURG IL 60173 William W Sorensen 2012-12-06 true Frank J Costabile 8477763700 2011 2016-02-24 21:20:13Z 5581742 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 37 3 48 0 448030 446049 96608 132965 211752 189270 0 756390 768284 315720 370991 0 268714 280186 0 117645 383348 270990 967782 922167 -211392 -153883 7618654 7429468 1066059 1098183 6552595 6331285 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 589109 SCHOLARSHIPS AND DISCRETIONARY SCHOOL FUNDS - ADVANCE THE EDUCATION OF PEOPLE IN THE CAST METALS FIELD. 96174 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. 685283 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 3 0 true 3 true false false false false false false false false false false false 0 false false false false false false false false false false false X 37 37 false false false false false false false true true false false false true true true true true true true false false false IL X Bill Sorensen 8474909200 1695 N Penny Lane Schaumburg IL 60173 BODIE D COOPER 1.00 0 0 0 SANDY CALABRESE 1.00 0 0 0 ERICK NELSON 1.00 0 0 0 EUGENE C MURATORE 1.00 0 0 0 EDWARD KACZMAREK 1.00 0 0 0 RICK L JAMES 1.00 0 0 0 DOUGLAS S IMRIE 1.00 0 0 0 PETE GUIDI 1.00 0 0 0 DON CRAIG 1.00 0 0 0 BARRY CRAIG 1.00 0 0 0 MATT WOSOBA 1.00 X 0 0 0 JOSHUA WITTENBURG 1.00 X 0 0 0 DOUG TRINKOWSKI 1.00 X 0 0 0 MATT SULLIVAN 1.00 X 0 0 0 LAURA STOHMAYER 1.00 X 0 0 0 ROBERT STEELE 1.00 X 0 0 0 KAI SPANDE 1.00 X 0 0 0 ROBERT SMILLIE 1.00 X 0 0 0 Mark May 1.00 X 0 0 0 Maureen P Lynn 1.00 X 0 0 0 Lee L Lewis 1.00 X 0 0 0 DAVID SHOUSE 1.00 X 0 0 0 George Kokos 1.00 X 0 0 0 STEVE SHAFFER 1.00 X 0 0 0 MARTIN PUTNIK 1.00 X 0 0 0 Andrew L Iannettoni 1.00 X 0 0 0 THOMAS DEMPSEY 1.00 X 0 0 0 Kathy L Hayrynen 1.00 X 0 0 0 ERIC MEYERS 1.00 X 0 0 0 John L Grahek 1.00 X 0 0 0 Patricio Gil 1.00 X 0 0 0 JOEY LEONARD 1.00 X 0 0 0 James M Frost 1.00 X 0 0 0 CRYSTALYN HVAL 1.00 X 0 0 0 Joseph Costabile 1.00 X 0 0 0 Thomas A Cobett 1.00 X 0 0 0 Robert Brooks 1.00 X 0 0 0 GLENN BYCZYNSKI 1.00 X 0 0 0 Paul Barker 1.00 X 0 0 0 KELEY KERNS 1.00 X 0 0 0 TOM ARMSTRONG 1.00 X 0 0 0 William W Sorensen 35.00 X 141287 0 0 141287 1 false false false 0 446049 446049 COLLEGE INDUSTRY CONF. 611710 132965 132965 132965 168480 168480 0 0 0 4834248 4813458 20790 20790 20790 0 0 0 0 768284 132965 189270 92811 92811 278180 278180 0 0 141287 70644 14129 56514 0 62092 42520 15523 4049 19897 11071 2901 5925 41799 23257 6094 12448 15111 8408 2203 4500 0 163 36 74 53 11195 2441 5094 3660 0 0 45758 45758 3024 658 1377 989 5544 3860 83 1601 0 0 0 13440 3737 5966 3737 32090 27404 2544 2142 0 96174 96174 0 0 1261 1261 1267 26 1216 25 TELEPHONE 3463 1272 1033 1158 REPAIRS AND MAINTENANCE 16407 3644 4440 8323 Printing and Publications 17895 4667 4223 9005 Postage and Shipping 8328 3426 1733 3169 PLEDGE WRITE-OFFS 10300 10300 4681 747 3587 347 922167 685283 119239 117645 13039 1476 365 12908 571496 242079 0 0 0 0 0 7750 0 23922 21662 2170 2260 7023834 7170745 0 0 0 0 7618654 7429468 18501 16665 1047558 1081518 1066059 1098183 X 213955 36052 943131 871222 5395509 5424011 6552595 6331285 7618654 7429468 X -153883 -67427 X false true true X false false X 2091660 1753054 1069256 448030 446049 5808049 90855 95175 66610 96608 132965 482213 0 0 0 2182515 1848229 1135866 544638 579014 6290262 126901 54895 181796 0 126901 54895 181796 6108466 153116 140556 133976 145345 168480 741473 0 153116 140556 133976 145345 168480 741473 0 0 2335631 1988785 1269842 689983 747494 7031735 0.86870 0.87060 0.10540 0.10360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12 66 54848 208010 25550 102200 726063 3558171 true true 6338640 130315 165851 222556 117017 6295233 6443134 139649 126524 253807 116860 6338640 5862386 793902 268355 269649 211860 6443134 0.86200 0.13800 false false false 23922 21662 2260 2260 FUNDS HELD ON BEHALF OF OTHERS 1081518 1081518 768284 922167 -153883 -67427 -67427 -221310 655099 -67427 -45758 -113185 768284 768284 876409 -45758 -45758 922167 922167 Part X 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. Part V, Line 4 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. true UNIV OF WISCONSIN- MILWAUKEE 3200 N CRAMER ST EMS BLDG MILWAUKEE WI 53211 391805963 5194 0 DISCRETIONARY FUNDS Univ of Wisconsin - Platteville 1 University Plaza Platteville WI 53818 391805963 13861 0 Discretionary Funds PENNSYLVANIA STATE UNIVERSITY 112 SHIELDS BUILDING UNIVERISTY PARK PA 19001 246000376 10000 0 DISCRETIONARY FUNDS MICHIAGAN TECH 1400 TOWNSEND DR 512 MM HOUGHTON MI 49931 386005955 11150 0 DISCRETIONARY FUNDS 0 4 GEORGIA MEYER - SCHOLARSHIP 1 5000 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 Executive Director. Charges for randomly selected schools are reviewed each month; every school is reviewed at least one per year. If the Executive Director determines that a cost is questionable, he requests support from the professor. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Organization's bylaws are available on its website and upon request. Form 990, Part VI, Line 12c 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 11 Form 990, Part VI, Line 11: Form 990 Review Process The executive committee and executive director review and approve of Form 990 before it is signed and filed by the executive director.