Skip to content
Nonprofiteer
← AISC EDUCATION FOUNDATION

Form 990 for tax year 2023

Filed by AISC EDUCATION FOUNDATION.

Totals

Total revenue
$580,682
Total expenses
$490,437
Contributions and grants received
$446,112
Grants paid
$357,379
Program service revenue
$0
Investment income
$134,570
Other revenue
$0
Total assets, end of year
$5,042,631
Total liabilities, end of year
$285,709
Net assets or fund balances, end of year
$4,756,922
Program services expenses (Part IX)
$482,379
Management and general expenses
$8,058
Fundraising expenses
$0
Program service expenses (Part III)
$482,379

Program services were 98.4% 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

    $173,222

  • 1f · All other contributions, gifts and grants

    $272,890

  • 3 · Investment income

    total $102,195 · excluded $102,195

  • 7a · Gross sales of assets other than inventory

    securities $32,375

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

    securities $0

  • 7c · Gain or loss

    securities $32,375

  • 7d · Net gain or loss

    total $32,375 · excluded $32,375

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $357,379 · program services $357,379

  • 11f · Fees: investment management

    total $1,459 · management and general $1,459

  • 11g · Fees: other

    total $2,500 · management and general $2,500

  • 13 · Office expenses

    total $100 · management and general $100

  • 24a · Other expenses: OPERATING EXPENSE

    total $128,999 · program services $125,000 · management and general $3,999

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $87,888 · end of year $108,978

  • 11 · Investments: publicly traded securities

    beginning of year $4,033,507 · end of year $4,806,153

  • 15 · Other assets

    beginning of year $191,075 · end of year $127,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,328 · end of year $1,281

  • 19 · Deferred revenue

    beginning of year $105,000 · end of year $137,500

  • 25 · Other liabilities

    beginning of year $0 · end of year $146,928

  • 27 · Net assets without donor restrictions

    beginning of year $3,810,726 · end of year $4,756,922

  • 28 · Net assets with donor restrictions

    beginning of year $366,416 · end of year $0

Mission and programs · 2023

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 SOUTHERN ASSOCIATION OF STEEL FABRICATORS FUNDTHE ROCKY MOUNTAIN STEEL CONSTRUCTION ASSOC. FUNDTHE FRED R. HAVENS FUNDTHE AISC MEMORIAL SCHOLARSHIP FUNDTHE GREAT LAKES FABRICATORS & ERECTORS FUNDTHE W&W/AFCO STEEL FUNDTHE FOUNDATION FOR NEW HAMPSHIRE COMMUNITY COLLEGESUNDERGRADUATE RESEARCH FELLOWSHIPSASSOCIATED STEEL ERECTORS FUNDFUNDING THE FUTURE FUND

    Expenses $323,562 · Grants $323,562

  • 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 $15,000. THE NATIONAL STUDENT STEEL BRIDGE COMPETITION WAS HELD AT THE UNIVERSITY OF CALIFORNIA SAN DIEGO

    Expenses $140,000 · Grants $15,000

  • 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 $18,817 · Grants $18,817

As filed on the 2023 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

  • 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

  • STEPHANIE SLOCUM

    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
    $428,451
    From this org
    $0
    From related orgs
    $355,892
    Other
    $72,559
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,292 related
    Bonus
    $0 + $32,600 related
    Other
    $0
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $42,559 related
    Filer's total
    $0 + $428,451 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
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202423099349301337

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

The source document this was parsed from is served over the API, which is where bulk and document access live.