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Nonprofiteer
← AIST FOUNDATION

Form 990 for tax year 2023

Filed by AIST FOUNDATION.

Totals

Total revenue
$834,646
Total expenses
$1,210,892
Contributions and grants received
$413,123
Grants paid
$837,835
Program service revenue
$0
Investment income
$393,572
Other revenue
$27,951
Total assets, end of year
$12,589,320
Total liabilities, end of year
$155,349
Net assets or fund balances, end of year
$12,433,971
Program services expenses (Part IX)
$1,044,905
Management and general expenses
$165,987
Fundraising expenses
$0
Program service expenses (Part III)
$1,044,905

Program services were 86.3% 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

    $3,045

  • 1f · All other contributions, gifts and grants

    $410,078

  • 3 · Investment income

    total $314,113 · excluded $314,113

  • 7a · Gross sales of assets other than inventory

    securities $1,665,167

  • 7b · Less cost or other basis and sales expenses

    securities $1,585,708

  • 7c · Gain or loss

    securities $79,459

  • 7d · Net gain or loss

    total $79,459 · excluded $79,459

  • 8a · Fundraising events: gross income

    $52,560

  • 8b · Fundraising events: direct expenses

    $24,609

  • 8c · Net income from fundraising events

    total $27,951 · excluded $27,951

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $316,335 · program services $316,335

  • 2 · Grants to domestic individuals

    total $373,000 · program services $373,000

  • 3 · Grants to foreign organizations and individuals

    total $148,500 · program services $148,500

  • 11a · Fees: management

    total $104,000 · program services $67,600 · management and general $36,400

  • 11c · Fees: accounting

    total $8,000 · management and general $8,000

  • 11f · Fees: investment management

    total $23,263 · management and general $23,263

  • 12 · Advertising and promotion

    total $90,117 · management and general $90,117

  • 13 · Office expenses

    total $1,580 · program services $146 · management and general $1,434

  • 17 · Travel

    total $877 · management and general $877

  • 19 · Conferences, conventions and meetings

    total $91,434 · program services $85,538 · management and general $5,896

  • 24a · Other expenses: Professional dues

    total $53,786 · program services $53,786

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,689 · end of year $916

  • 2 · Savings and temporary cash investments

    beginning of year $500,287 · end of year $642,032

  • 3 · Pledges and grants receivable

    beginning of year $1,211,500 · end of year $924,000

  • 4 · Accounts receivable

    beginning of year $450,237 · end of year $2,205

  • 11 · Investments: publicly traded securities

    beginning of year $9,801,176 · end of year $11,020,167

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,761 · end of year $155,349

  • 19 · Deferred revenue

    beginning of year $5,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $9,640,253 · end of year $10,432,235

  • 28 · Net assets with donor restrictions

    beginning of year $2,310,875 · end of year $2,001,736

Mission and programs · 2023

Mission

To ensure the iron and steel industry of tomorrow will have a sufficient number of qualified professionals.

Activities or mission (Part I)

To promote and benefit the Association for Iron and Steel Technology through the investment of funds and the providing of research grants, scholarships and student programs that serve to advance the iron, steel and related industries.

  • The AIST Foundation awards grants to instructors to encourage more students to choose the steel industry as their field of study; to recruit more of such graduates to the steel industry, and to increase the number of instructors knowledgeable in steel in North American universities.These grants include, Steel Curriculum Development Grants, Kent D. Peaslee Junior Faculty Award, Steel Professor Grants, Don Daily Safety Grants, Digital Technologies Grants, and Sustainable Technologies Grants among other support for teaching professionals.

    Expenses $330,352 · Grants $305,688

  • Foundation Scholarship Programs - The AIST Foundation awards academic scholarships on an annual basis to talented and dedicated students to encourage the pursuit of careers within iron and steel related industries. In additon, the AIST Foundation awards internships to showcase the technological scale, sophistication and employment opportunities available in the steel industry.

    Expenses $420,386 · Grants $389,000

  • Foundation Scholarship Member Chapter Programs - The AIST Foundation awards academic scholarships on an annual basis to talented and dedicated students on a regional member chapter level.

    Expenses $81,051 · Grants $75,000

  • Expenses $213,116 · Grants $68,147

As filed on the 2023 return.

Listed in Part VII

  • Theodore F Lyon

    Past President

    Total calculated
    $0
    Hours/week
    2

  • Ronald E Ashburn

    Executive Director/Secreta

    Total calculated
    $790,684
    From this org
    $0
    From related orgs
    $743,366
    Other
    $47,318
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $0 + $459,217 related
    Bonus
    $0 + $284,149 related
    Other
    $0
    Deferred
    $0 + $27,191 related
    Nontaxable benefits
    $0 + $20,127 related
    Filer's total
    $0 + $790,684 related

  • Joseph T Dzierzawski

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Terry G Fedor II

    President Elect

    Total calculated
    $0
    Hours/week
    2

  • Glenn A Pushis

    President

    Total calculated
    $0
    Hours/week
    2

  • Mark R Olson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark L Fedor

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • James F Dudek

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jennifer J Durbin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Charles E Greene

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Andrew S Bissot

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Benjamin E Kowing

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lee P Morgan

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lauren Russell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark Didiano

    GM - Administration

    Total calculated
    $397,402
    From this org
    $0
    From related orgs
    $353,055
    Other
    $44,347
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $0 + $236,538 related
    Bonus
    $0 + $116,517 related
    Other
    $0
    Deferred
    $0 + $27,515 related
    Nontaxable benefits
    $0 + $16,832 related
    Filer's total
    $0 + $397,402 related

  • William L Patterson

    Manager Information Techno

    Total calculated
    $193,323
    From this org
    $0
    From related orgs
    $164,283
    Other
    $29,040
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $128,846 related
    Bonus
    $0 + $35,437 related
    Other
    $0
    Deferred
    $0 + $13,143 related
    Nontaxable benefits
    $0 + $15,897 related
    Filer's total
    $0 + $193,323 related

  • Brian Bliss

    GM - Programs and Publicat

    Total calculated
    $316,509
    From this org
    $0
    From related orgs
    $271,900
    Other
    $44,609
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $181,615 related
    Bonus
    $0 + $90,285 related
    Other
    $0
    Deferred
    $0 + $21,752 related
    Nontaxable benefits
    $0 + $22,857 related
    Filer's total
    $0 + $316,509 related

  • Stacy Varmecky

    GM - Sales and Marketing

    Total calculated
    $331,420
    From this org
    $0
    From related orgs
    $298,796
    Other
    $32,624
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $199,616 related
    Bonus
    $0 + $99,180 related
    Other
    $0
    Deferred
    $0 + $19,066 related
    Nontaxable benefits
    $0 + $13,558 related
    Filer's total
    $0 + $331,420 related

  • Kenneth Landau

    Staff Engineer

    Total calculated
    $153,853
    From this org
    $0
    From related orgs
    $128,180
    Other
    $25,673
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $104,885 related
    Bonus
    $0 + $23,295 related
    Other
    $0
    Deferred
    $0 + $10,254 related
    Nontaxable benefits
    $0 + $15,419 related
    Filer's total
    $0 + $153,853 related

  • Anna Voss

    Manager Technology Program

    Total calculated
    $168,103
    From this org
    $0
    From related orgs
    $145,009
    Other
    $23,094
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $114,807 related
    Bonus
    $0 + $30,202 related
    Other
    $0
    Deferred
    $0 + $11,419 related
    Nontaxable benefits
    $0 + $11,675 related
    Filer's total
    $0 + $168,103 related

  • Catherine Davidson

    Manager Sales

    Total calculated
    $152,010
    From this org
    $0
    From related orgs
    $128,459
    Other
    $23,551
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $101,538 related
    Bonus
    $0 + $26,921 related
    Other
    $0
    Deferred
    $0 + $10,231 related
    Nontaxable benefits
    $0 + $13,320 related
    Filer's total
    $0 + $152,010 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

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

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
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202521339349300437

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