Form 990 for tax year 2024

Filed by AISC EDUCATION FOUNDATION.

Totals

Total revenue: $1,409,708
Total expenses: $602,353
Contributions and grants received: $1,245,565
Grants paid: $452,548
Program service revenue: $0
Investment income: $164,143
Other revenue: $0
Total assets, end of year: $6,021,407
Total liabilities, end of year: $8,518
Net assets or fund balances, end of year: $6,012,889
Program services expenses (Part IX): $599,132
Management and general expenses: $3,221
Fundraising expenses: $0
Program service expenses (Part III): $599,132

Program services were 99.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1d · Related organizations

$256,000
1f · All other contributions, gifts and grants

$989,565
3 · Investment income

total $152,012 · excluded $152,012
7a · Gross sales of assets other than inventory

securities $200,000
7b · Less cost or other basis and sales expenses

securities $187,869
7c · Gain or loss

securities $12,131
7d · Net gain or loss

total $12,131 · excluded $12,131

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $452,548 · program services $452,548
11f · Fees: investment management

total $3,221 · management and general $3,221
13 · Office expenses

total $85 · program services $85
24a · Other expenses: OPERATING EXPENSE

total $146,499 · program services $146,499

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $108,978 · end of year $113,949
3 · Pledges and grants receivable

end of year $266,500
9 · Prepaid expenses and deferred charges

end of year $5,000
11 · Investments: publicly traded securities

beginning of year $4,806,153 · end of year $5,615,688
15 · Other assets

beginning of year $127,500 · end of year $20,270
17 · Accounts payable and accrued expenses

beginning of year $1,281 · end of year $6,018
19 · Deferred revenue

beginning of year $137,500 · end of year $2,500
25 · Other liabilities

beginning of year $146,928 · end of year $0
27 · Net assets without donor restrictions

beginning of year $4,756,922 · end of year $5,316,956
28 · Net assets with donor restrictions

end of year $695,933

Mission and programs · 2024

Mission

THE FOUNDATION SHALL OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. IT SHALL HAVE, WITHOUT LIMITATION, THE FOLLOWING POWERS: SEE CONTINUED MISSION ON SCHEDULE OTO RECEIVE CONTRIBUTIONS, TO ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER ANY GIFTS, REQUESTS, DEVISES, BENEFITS OR TRUSTS, AND ANY PROPERTY OF ANY KIND WHATSOEVER, BOTH REAL AND PERSONAL, AND TO USE, DISBURSE, OR DISTRIBUTE THE INCOME OR PRINCIPAL THEREOF FOR EDUCATION SCHOLARSHIPS AND FELLOWSHIPS TO FURTHER COMPETENCE, CREATIVITY AND INTEREST IN THE FABRICATED STRUCTURAL STEEL AND ENGINEERING DESIGN INDUSTRIES AND FOR ALL OTHER CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES ALLOWED BY THE INTERNAL REVENUE CODE, AND THE ILLINOIS GENERAL NOT FOR PROFIT LAW.

Activities or mission (Part I)

PROMOTE EDUCATION & PROVIDE SCHOLARSHIPS RELATED TO FABRICATED STRUCTURAL STEEL & ENGINEERING.

THE FOUNDATION AWARDED SCHOLARSHIPS AND FELLOWSHIPS FROM THE FOLLOWING FUNDS:THE FRED R. HAVENS FUNDTHE SOUTHERN ASSOCIATION OF STEEL FABRICATORS FUNDTHE W&W/AFCO STEEL FUNDTHE ASSOCIATED STEEL ERECTORS FUNDTHE AISC MEMORIAL SCHOLARSHIP FUNDTHE SSBC SCHOLARSHIP FUNDFUNDING THE FUTURE FUNDUNDERGRADUATE RESEARCH FELLOWSHIPS FUND

Expenses $420,044 · Grants $415,960
THE FOUNDATION CONDUCTS A NATIONAL STUDENT BRIDGE COMPETITION FOR THE WINNERS OF REGIONAL COMPETITIONS HELD THROUGHOUT THE COUNTRY AWARDS ARE PRESENTED TO THE UNIVERSITIES/COLLEGES REPRESENTED BY THE WINNING STUDENTS FOR THE BENEFIT TEN AWARDS FROM $500 TO $5,000 WERE PRESENTED IN 2024. A TOTAL OF $17,000. THE NATIONAL STUDENT STEEL BRIDGE COMPETITION WAS HELD AT LOUISIANA TECH UNIVERSITY.

Expenses $159,500 · Grants $17,000
SPONSORING WELDING COMPETITIONS TO PROVIDE FUNDING FOR EDUCATION TO INCREASE THE POOL OF AVAILABLE WELDERS. THE TOP 3 TEAMS RECEIVE THEIR OWN WELDING MACHINES. ADDITIONALLY, TEAMS NOT IN THE TOP 3 STILL RECEIVE DONATIONS FOR THEIR SCHOOLS' PROGRAMS. DONATIONS FUND EQUIPMENT, TOOLS, PPE, ETC. THE COMPETITION IS HELD AT THE MANCHESTER COMMUNITY COLLEGE. (MANCHESTER, CONNECTICUT).

Expenses $19,588 · Grants $19,588

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

EMILY GUGLIELMO

CHAIR

Total calculated

$0

Hours/week

0.5 + 2 related
BENJAMIN R BAER

VICE CHAIR

Total calculated

$0

Hours/week

0.5 + 2 related
GLENN R TABOLT

TREASURER

Total calculated

$0

Hours/week

0.5 + 2 related
EDWARD SEGLIAS

SECRETARY

Total calculated

$0

Hours/week

0.5 + 2 related
CASEY A BROWN

MEMBER OF COMMITTEE

Total calculated

$0

Hours/week

0.5 + 2 related
PATRICIA CLAYTON

MEMBER OF COMMITTEE

Total calculated

$0

Hours/week

0.5 + 2 related
BABETTE FREUND

MEMBER OF COMMITTEE

Total calculated

$0

Hours/week

0.5 + 2 related
DAN KADRMAS

MEMBER OF COMMITTEE

Total calculated

$0

Hours/week

0.5 + 2 related
JON D MAGNUSSON

MEMBER OF COMMITTEE

Total calculated

$0

Hours/week

0.5 + 2 related
GREGORY MICHAELSON

MEMBER OF COMMITTEE

Total calculated

$0

Hours/week

0.5 + 2 related
ANGIE MITCHELL

MEMBER OF COMMITTEE

Total calculated

$0

Hours/week

0.5 + 2 related
MACHEL MORRISON

MEMBER OF COMMITTEE

Total calculated

$0

Hours/week

0.5 + 2 related
KIM RODDIS

MEMBER OF COMMITTEE

Total calculated

$0

Hours/week

0.5 + 2 related
JEFFREY SMILOW

MEMBER OF COMMITTEE

Total calculated

$0

Hours/week

0.5 + 2 related
ANDREA E SUROVEK

MEMBER OF COMMITTEE

Total calculated

$0

Hours/week

0.5 + 2 related
DAVID ZALESNE

MEMBER OF COMMITTEE

Total calculated

$0

Hours/week

0.5 + 2 related
CHARLES J CARTER

PRESIDENT

Total calculated

$390,456

From this org

$0

From related orgs

$345,613

Other

$44,843

Hours/week

2 + 40 related

Schedule J breakdown matched by us

Base

$0 + $345,613 related

Bonus

$0

Other

$0

Deferred

$0 + $20,700 related

Nontaxable benefits

$0 + $24,143 related

Filer's total

$0 + $390,456 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART 1, LINE 3: THE INDEPENDENT EXECUTIVE COMMITTEE FOR AISC HOLDINGS, INC CONSISTS OF THE CHAIR, VICE CHAIR, TREASURER, THE IMMEDIATE PAST CHAIR, AND THE CHAIR OF THE COMMITTEE ON GOVERNANCE. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR APPROVING AND EVALUATING THE COMPENSATION PLANS AND POLICIES OF THE OPERATING COMPANY AS STATED IN THE AISC HOLDINGS, INC BYLAWS. THE COMMITTEE SHALL ESTABLISH THE SALARY FOR THE AUTHORIZED REPRESENTATIVE OF THE OPERATING COMPANY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

AISC HOLDINGS INC

501(C)(6) · PROMOTE DOMESTIC STRUCTURAL STEEL · IL
AISC PAC

527 · POLITICAL ACTION · IL · controlled entity

Directly controlled by AISC HOLDINGS INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

AISC STUDENT CLUBS LLC

TO PROMOTE STRUCTURAL STEEL AND ENGINEERING DESIGN STUDENT ACTIVITIES · IL

Directly controlled by AISC EDUCATION FOUNDATION INC

Provenance

Return type: form_990
Tax year: 2024
Filed: 5 November 2025
IRS schema version: 2024v5.2
Source object: 202503109349303745

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