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Nonprofiteer
← ASSOCIATION FOR IRON AND STEEL TECHNOLOGY

Form 990 for tax year 2022

Filed by ASSOCIATION FOR IRON AND STEEL TECHNOLOGY.

Totals

Total revenue
$12,313,373
Total expenses
$12,624,316
Contributions and grants received
$0
Grants paid
$1,073,390
Program service revenue
$11,593,940
Investment income
$434,393
Other revenue
$285,040
Total assets, end of year
$29,350,070
Total liabilities, end of year
$5,937,701
Net assets or fund balances, end of year
$23,412,369
Program services expenses (Part IX)
$11,422,448
Management and general expenses
$1,201,868
Fundraising expenses
$0
Program service expenses (Part III)
$11,422,448

Program services were 90.5% 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.

  • 2a · Program service revenue: Meetings and conferences

    total $8,684,611 · related or exempt $8,684,611

  • 2b · Program service revenue: Advertising

    total $1,607,805 · unrelated business $1,607,805

  • 2c · Program service revenue: Membership dues

    total $1,158,000 · related or exempt $1,158,000

  • 2d · Program service revenue: Publication Revenue

    total $143,524 · related or exempt $143,524

  • 3 · Investment income

    total $436,675 · excluded $436,675

  • 7a · Gross sales of assets other than inventory

    securities $38,207

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

    securities $40,489

  • 7c · Gain or loss

    securities -$2,282

  • 7d · Net gain or loss

    total -$2,282 · excluded -$2,282

  • 11a · Other revenue: Other project revenue

    total $285,040 · related or exempt $285,040

  • 11e · Other revenue, total

    $285,040

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,073,390 · program services $1,073,390

  • 5 · Compensation of officers, directors and key employees

    total $1,153,637 · program services $1,055,675 · management and general $97,962

  • 7 · Other salaries and wages

    total $3,329,794 · program services $2,937,948 · management and general $391,846

  • 8 · Pension plan contributions

    total $225,326 · program services $194,440 · management and general $30,886

  • 9 · Other employee benefits

    total $347,878 · program services $304,159 · management and general $43,719

  • 10 · Payroll taxes

    total $270,708 · program services $240,492 · management and general $30,216

  • 11b · Fees: legal

    total $7,344 · management and general $7,344

  • 11c · Fees: accounting

    total $15,200 · management and general $15,200

  • 11f · Fees: investment management

    total $46,807 · program services $46,807

  • 11g · Fees: other

    total $225,369 · program services $86,358 · management and general $139,011

  • 12 · Advertising and promotion

    total $166,212 · program services $164,459 · management and general $1,753

  • 13 · Office expenses

    total $110,724 · program services $89,255 · management and general $21,469

  • 14 · Information technology

    total $120,724 · program services $84,507 · management and general $36,217

  • 16 · Occupancy

    total $112,419 · program services $79,264 · management and general $33,155

  • 17 · Travel

    total $321,677 · program services $282,321 · management and general $39,356

  • 19 · Conferences, conventions and meetings

    total $3,340,285 · program services $3,252,726 · management and general $87,559

  • 22 · Depreciation, depletion and amortization

    total $287,536 · program services $201,275 · management and general $86,261

  • 23 · Insurance

    total $42,581 · program services $29,807 · management and general $12,774

  • 24a · Other expenses: Printing and publicatio

    total $411,343 · program services $398,369 · management and general $12,974

  • 24b · Other expenses: Miscellaneous expenses

    total $281,534 · program services $250,995 · management and general $30,539

  • 24c · Other expenses: Postage

    total $250,769 · program services $241,251 · management and general $9,518

  • 24d · Other expenses: Repairs and maintenance

    total $244,843 · program services $172,140 · management and general $72,703

  • 24e · All other expenses

    total $238,216 · program services $236,810 · management and general $1,406

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $955,523 · end of year $1,165,699

  • 2 · Savings and temporary cash investments

    beginning of year $2,775,520 · end of year $2,017,157

  • 4 · Accounts receivable

    beginning of year $2,574,805 · end of year $2,319,063

  • 8 · Inventories for sale or use

    beginning of year $29,781 · end of year $32,241

  • 9 · Prepaid expenses and deferred charges

    beginning of year $340,434 · end of year $272,486

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

    $6,230,499

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

    $1,788,907

  • 10c · Land, buildings and equipment, net

    beginning of year $4,722,596 · end of year $4,441,592

  • 11 · Investments: publicly traded securities

    beginning of year $16,324,659 · end of year $19,101,832

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,072,429 · end of year $2,394,381

  • 19 · Deferred revenue

    beginning of year $3,067,531 · end of year $3,429,223

  • 25 · Other liabilities

    beginning of year $142,531 · end of year $114,097

  • 27 · Net assets without donor restrictions

    beginning of year $22,163,470 · end of year $23,095,969

  • 28 · Net assets with donor restrictions

    beginning of year $277,357 · end of year $316,400

Mission and programs · 2022

Mission

To advance the technical development, production, processing, and application of iron and steel.

Activities or mission (Part I)

To advance the technical development, production, processing and application of iron and steel through educational activities, presentation and publication of technical papers, dissemination of information related to iron and steel, and other activities.

  • Publications including a monthly journal entitled "Iron & Steel Technology" as well as conference proceedings, technical books and reports, industry directory, statistics, and reprints related to iron and steel.

    Expenses $1,650,013 · Revenue $143,524

  • Meetings and conferences including fundamental educational courses, advanced symposia, regional forums, technical sessions, and exhibitions related to iron and steel.

    Expenses $7,018,436 · Revenue $8,969,651

  • Membership services to provide individual professional and student members with up-to-date industry information including, fundamental training, continuing education, advanced symposia, philanthropic initiatives, regional programming and related news to iron and steel.

    Expenses $1,680,609 · Revenue $1,158,000

  • Grants to the AIST Foundation for faculty programs and scholarships to students majoring in engineering and related sciences.

    Expenses $1,073,390 · Grants $1,073,390

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ronald E Ashburn

    Secretary/Executive Director

    Total calculated
    $769,686
    From this org
    $720,142
    From related orgs
    $0
    Other
    $49,544
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $437,430
    Bonus
    $282,712
    Other
    $0
    Deferred
    $25,929
    Nontaxable benefits
    $23,615
    Filer's total
    $769,686

  • Steven J Henderson

    Past President

    Total calculated
    $0
    Hours/week
    1

  • Keith J Howell

    Board President

    Total calculated
    $0
    Hours/week
    1

  • Barry T Schneider

    First Vice President

    Total calculated
    $0
    Hours/week
    1

  • Mark L Fedor

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Glenn A Pushis

    Foundation President

    Total calculated
    $0
    Hours/week
    1

  • Brian K Bishop

    Second Vice President

    Total calculated
    $0
    Hours/week
    1

  • Thomas C Toner

    First Officer-at-Large

    Total calculated
    $0
    Hours/week
    1

  • Allen C Behr

    Second Officer-at-Large

    Total calculated
    $0
    Hours/week
    1

  • Kevin L Zeik

    Third Officer-at-Large

    Total calculated
    $0
    Hours/week
    1

  • John G Speer

    Fourth Officer-at-Large

    Total calculated
    $0
    Hours/week
    1

  • Kyle C Edwards

    Director

    Total calculated
    $0
    Hours/week
    1

  • Zane Voss

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lauren E Jellison

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ian A Deeks

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jerry R Herrmann

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pallava Kaushik

    Director

    Total calculated
    $0
    Hours/week
    1

  • James J Hendrickson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carl E Garringer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark J McGinley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Clifford R Chatman

    Director

    Total calculated
    $0
    Hours/week
    1

  • John M Bondy

    Director

    Total calculated
    $0
    Hours/week
    1

  • David J Nicol

    Director

    Total calculated
    $0
    Hours/week
    1

  • Grant A Thomas

    Director

    Total calculated
    $0
    Hours/week
    1

  • William K Schlichting

    Director

    Total calculated
    $0
    Hours/week
    1

  • Becky E Hites

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christopher G Welfel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Amy Beard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jose H Noldin Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Didiano

    GM - Administration

    Total calculated
    $383,951
    From this org
    $338,309
    From related orgs
    $0
    Other
    $45,642
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,654
    Bonus
    $113,655
    Other
    $0
    Deferred
    $25,454
    Nontaxable benefits
    $20,188
    Filer's total
    $383,951

  • William L Patterson

    Manager Information Technology

    Total calculated
    $191,384
    From this org
    $159,400
    From related orgs
    $0
    Other
    $31,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,913
    Bonus
    $34,487
    Other
    $0
    Deferred
    $12,752
    Nontaxable benefits
    $19,232
    Filer's total
    $191,384

  • Brian Bliss

    GM - Programs and Publications

    Total calculated
    $304,627
    From this org
    $258,531
    From related orgs
    $0
    Other
    $46,096
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,723
    Bonus
    $86,808
    Other
    $0
    Deferred
    $20,682
    Nontaxable benefits
    $25,414
    Filer's total
    $304,627

  • Stacy Varmecky

    GM - Sales and Marketing

    Total calculated
    $320,936
    From this org
    $286,117
    From related orgs
    $0
    Other
    $34,819
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,723
    Bonus
    $96,394
    Other
    $0
    Deferred
    $18,257
    Nontaxable benefits
    $16,562
    Filer's total
    $320,936

  • Kenneth Landau

    Staff Engineer

    Total calculated
    $153,270
    From this org
    $123,990
    From related orgs
    $0
    Other
    $29,280
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,930
    Bonus
    $22,060
    Other
    $0
    Deferred
    $9,919
    Nontaxable benefits
    $19,361
    Filer's total
    $153,270

  • Anna Voss

    Manager Technical Programs

    Total calculated
    $164,342
    From this org
    $138,852
    From related orgs
    $0
    Other
    $25,490
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,827
    Bonus
    $29,025
    Other
    $0
    Deferred
    $11,370
    Nontaxable benefits
    $14,120
    Filer's total
    $164,342

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 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)

Part I, Line 5
The organization provides all staff an opportunity to earn variable compensation based on the level of membership, operating revenue generated and the resulting operating net earnings. The variable compensation will be paid from the operating funds only and the organization will not incur a deficit due to the plan.
Part I, Line 6
The organization provides all staff an opportunity to earn variable compensation based on the level of membership, operating revenue generated and the resulting operating net earnings. The variable compensation will be paid from the operating funds only and the organization will not incur a deficit due to the plan.

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

  • AIST Foundation

    $1,073,000

    Grants given by Association and Chapters to the AIST Foundation which will be used for scholarships.

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
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202441349349305279

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