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Nonprofiteer
← ADVANCED TECHNOLOGY INTERNATIONAL FOUNDATION

Form 990 for tax year 2024

Filed by ADVANCED TECHNOLOGY INTERNATIONAL FOUNDATION.

Totals

Total revenue
$11,727,503
Total expenses
$934,059
Contributions and grants received
$11,629,560
Grants paid
$603,767
Program service revenue
$0
Investment income
$97,943
Other revenue
$0
Total assets, end of year
$12,634,474
Total liabilities, end of year
$149,674
Net assets or fund balances, end of year
$12,484,800
Program services expenses (Part IX)
$881,645
Management and general expenses
$50,414
Fundraising expenses
$2,000
Program service expenses (Part III)
$881,645

Program services were 94.4% 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

    $11,629,560

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $79,780 · excluded $79,780

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $18,163

  • 7c · Gain or loss

    securities $18,163 · other assets $0

  • 7d · Net gain or loss

    total $18,163 · excluded $18,163

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $603,767 · program services $603,767

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $153,125 · program services $141,602 · management and general $11,523

  • 7 · Other salaries and wages

    total $27,021 · program services $16,865 · management and general $10,156

  • 9 · Other employee benefits

    total $13,029 · program services $8,132 · management and general $4,897

  • 11e · Fees: professional fundraising services

    total $2,000 · fundraising $2,000

  • 11f · Fees: investment management

    total $3,441 · management and general $3,441

  • 11g · Fees: other

    total $57,500 · program services $57,500 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $2,098 · management and general $2,098

  • 14 · Information technology

    total $428 · program services $107 · management and general $321

  • 17 · Travel

    total $806 · management and general $806

  • 19 · Conferences, conventions and meetings

    total $5,228 · program services $4,654 · management and general $574

  • 24a · Other expenses: Overhead

    total $40,714 · program services $30,595 · management and general $10,119

  • 24b · Other expenses: Project Support Service Center

    total $16,164 · program services $12,147 · management and general $4,017

  • 24c · Other expenses: HR Allocation

    total $5,739 · program services $4,313 · management and general $1,426

  • 24d · Other expenses: Publications/Subscriptions/Dues

    total $1,630 · program services $936 · management and general $694

  • 24e · All other expenses

    total $1,369 · program services $1,027 · management and general $342 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $567,284

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $12,067,190

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $122,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $27,674

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $12,484,800

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

The ATI Foundation exists to build stronger communities by eliminating barriers to workforce success, empowering individuals to realize their full potential and thrive in meaningful careers. It funds, connects, and amplifies initiatives that provide training, career pathways, and sustainable economic solutions. The goal isn't just to help individuals; it's to create a workforce ecosystem where businesses, schools, and job seekers all succeed together. The Foundation's activities include charitable giving, grantmaking in support of education and workforce development projects, and mobilizing volunteers to support our communities.

Activities or mission (Part I)

THE ATI FOUNDATION EXISTS TO BUILD STRONGER COMMUNITIES BY ELIMINATING BARRIERS TO WORKFORCE SUCCESS, EMPOWERING INDIVIDUALS TO REALIZE THEIR FULL POTENTIAL AND THRIVE IN MEANINGFUL CAREERS.

  • The Advanced Technology International Foundation is a public benefit corporation, and it is organized for charitable, educational, and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations described under Section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code to perform the functions of, or carry out the purposes of, ATI, and in this connection: (a) Extend the reach of ATI's impact by improving the quality of life in the state and local communities where ATI employees and partners are located. (b) Provide opportunities for under-represented populations, by supporting workforce development efforts that are important to the U.S. industrial base. (c) Enable the business, economic and social ecosystems that help influence positive and meaningful outcomes for stakeholders of Foundation programs and the public.

    Expenses $881,645 · Grants $603,767

As filed on the 2024 return.

Listed in Part VII

  • Gerardina Pelto

    Board Trustee, Executive Director and Board Secretary

    Total calculated
    $152,249
    From this org
    $0
    From related orgs
    $144,011
    Other
    $8,238
    Hours/week
    14 + 3 related

    Schedule J breakdown matched by us

    Base
    $0 + $95,318 related
    Bonus
    $0 + $25,693 related
    Other
    $0 + $23,000 related
    Deferred
    $0 + $8,238 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $152,249 related

  • Christopher Van Metre

    Board Trustee

    Total calculated
    $739,987
    From this org
    $0
    From related orgs
    $710,431
    Other
    $29,556
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $376,321 related
    Bonus
    $0 + $302,000 related
    Other
    $0 + $32,110 related
    Deferred
    $0 + $24,150 related
    Nontaxable benefits
    $0 + $5,406 related
    Filer's total
    $0 + $739,987 related

  • Mica Dolan

    Board Chair

    Total calculated
    $673,172
    From this org
    $0
    From related orgs
    $620,483
    Other
    $52,689
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $386,177 related
    Bonus
    $0 + $210,256 related
    Other
    $0 + $24,050 related
    Deferred
    $0 + $24,150 related
    Nontaxable benefits
    $0 + $28,539 related
    Filer's total
    $0 + $673,172 related

  • Tracy Hoover

    Board Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Charity Wilson

    Treasurer

    Total calculated
    $132,129
    From this org
    $0
    From related orgs
    $115,289
    Other
    $16,840
    Hours/week
    3 + 37 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 I, Line 3 Arrangement used to establish the top management official's compensation
Advanced Technology International uses a compensation committee, independent compensation consultant, and written employment contracts to establish management's official compensation. Compensation is approved by the ATI board or compensation committee.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
2 February 2026
IRS schema version
2024v5.1
Source object
202600339349300630

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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