2011-11-08T09:30:57-08:00 2011-04-30 Costabile & Steffens PC 1805 Hicks Rd Rolling Meadows IL 60008 990 2010-05-01 340714666 FOUNDRY EDUCATIONAL FOUNDATION FOUN 8474909200 1695 N PENNY LANE SCHAUMBURG IL 60173 William W Sorensen 2011-11-08 Frank J Costabile 8477763700 2010 2016-02-24 21:20:13Z 5065653 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 1069256 448030 66610 96608 140328 211752 0 1276194 756390 304608 315720 0 247567 268714 3710 0 113000 286954 383348 842839 967782 433355 -211392 7585982 7618654 1053895 1066059 6532087 6552595 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 580473 SCHOLARSHIPS AND DISCRETIONARY SCHOOL FUNDS - ADVANCE THE EDUCATION OF PEOPLE IN THE CAST METALS FIELD. 170461 96608 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. 750934 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 false true true true true false false false IL X Bill Sorensen 8474909200 1695 N Penny Lane Schaumburg IL 60173 William W Sorensen 35.00 X 134712 0 0 TOM ARMSTRONG 1.00 X 0 0 0 TIM WUEST 1.00 X 0 0 0 THOMAS ENGLE 1.00 X 0 0 0 THOMAS DEMPSEY 1.00 X 0 0 0 Thomas A Cobett 1.00 X 0 0 0 STEVE SHAFFER 1.00 X 0 0 0 Rolf Petersen 1.00 X 0 0 0 ROBERT STEELE 1.00 X 0 0 0 ROBERT SMILLIE 1.00 X 0 0 0 Robert Brooks 1.00 X 0 0 0 Paul Barker 1.00 X 0 0 0 Patricio Gil 1.00 X 0 0 0 Maureen P Lynn 1.00 X 0 0 0 MATT WOSOBA 1.00 X 0 0 0 MATT SULLIVAN 1.00 X 0 0 0 MARTIN PUTNIK 1.00 X 0 0 0 Mark May 1.00 X 0 0 0 Lee L Lewis 1.00 X 0 0 0 LAURA STOHMAYER 1.00 X 0 0 0 KELEY KERNS 1.00 X 0 0 0 Kathy L Hayrynen 1.00 X 0 0 0 KAI SPANDE 1.00 X 0 0 0 JOSHUA WITTENBURG 1.00 X 0 0 0 Joseph Costabile 1.00 X 0 0 0 John L Grahek 1.00 X 0 0 0 JOEY LEONARD 1.00 X 0 0 0 James M Frost 1.00 X 0 0 0 Gregory M MacIver 1.00 X 0 0 0 GREG SIMMONS 1.00 X 0 0 0 GLENN BYCZYNSKI 1.00 X 0 0 0 George Kokos 1.00 X 0 0 0 ERIC MEYERS 1.00 X 0 0 0 DOUG TRINKOWSKI 1.00 X 0 0 0 DAVID SHOUSE 1.00 X 0 0 0 Dan F AuBuchon 1.00 X 0 0 0 CRYSTALYN HVAL 1.00 X 0 0 0 Bob Mortenson 1.00 X 0 0 0 Andrew L Iannettoni 1.00 X 0 0 0 134712 1 false false false 0 448030 448030 COLLEGE INDUSTRY CONF. 611710 96608 96608 96608 145345 145345 0 0 0 4375670 4309263 66407 66407 66407 0 0 0 0 756390 96608 211752 67564 67564 248156 248156 0 0 134712 67356 13471 53885 0 61167 41841 15292 4034 0 57905 32305 8509 17091 14930 8323 2192 4415 0 0 12160 2651 5533 3976 0 0 30088 30088 9203 2006 4187 3010 11457 7060 209 4188 3262 636 2383 243 0 0 13140 3654 5833 3653 33912 27950 3239 2723 0 79885 79885 0 0 1413 1413 2398 25 2349 24 TELEPHONE 4455 1636 1330 1489 REPAIRS AND MAINTENANCE 12309 2723 3320 6266 PRINTING 8703 2269 2054 4380 POSTAGE AND SHIPPING 8537 3511 1777 3249 PLEDGE WRITE-OFFS 151100 151100 1326 283 669 374 967782 750934 103848 113000 30192 13039 11321 365 1176745 571496 0 0 0 0 0 1680 7750 22571 20401 3383 2170 6362661 7023834 0 0 0 0 7585982 7618654 12537 18501 1041358 1047558 1053895 1066059 X 119690 213955 1053999 943131 5358398 5395509 6532087 6552595 7585982 7618654 X -211392 231900 X false true true X false false X 519346 2091660 1753054 1069256 448030 5881346 74368 90855 95175 66610 96608 423616 0 0 0 593714 2182515 1848229 1135866 544638 6304962 126901 54895 181796 0 126901 54895 181796 6123166 155705 153116 140556 133976 145345 728698 0 155705 153116 140556 133976 145345 728698 0 0 749419 2335631 1988785 1269842 689983 7033660 0.87060 0.86740 0.10360 0.10720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12 66 14329 131120 22700 147600 696765 3452361 true true 6443134 139649 126524 253807 116860 6338640 5862386 793902 268355 269649 211860 6443134 4597156 1518531 140527 180851 212977 5862386 0.85290 0.14710 false false false 22571 20401 2170 2170 FUNDS HELD ON BEHALF OF OTHERS 1047558 1047558 756390 967782 -211392 231900 231900 20508 958201 231899 -30088 201811 756390 756390 967782 967782 967782 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 PRADEEP ROHATGI 3200 N CRAMER ST EMS BLDG MILWAUKEE WI 53211 6000 0 AWARD MICHIAGAN TECH 1400 TOWNSEND DR 512 MM HOUGHTON MI 49931 6361 0 DISCRETIONARY FUNDS BOB VOIGT PENN STATE UNIVERSITY PARK PA 16803 10000 0 SCHOLARSHIP 0 3 PRADEEP ROHATGI - AWARD 1 6000 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.