2024-10-24T05:59:06-07:00 2024-04-30 363335935 Costabile & Steffens PC 1805 Hicks Rd Rolling Meadows IL 60008 990 2023-05-01 340714666 FOUNDRY EDUCATIONAL FOUNDATION DBA FEF FOUN 8474909200 1695 N PENNY LANE SCHAUMBURG IL 60173 BRIAN LEWIS Executive Dir. 2024-10-24 true true Frank J Costabile P00629672 8477763700 2023 2024-10-15 13:58:12Z 1695 N PENNY LANE SCHAUMBURG IL 60173 4706379 false X www.fefinc.org X 1947 OH FOUNDRY EDUCATIONAL FOUNDATION STRENGHTENS THE METAL CASTING INDUSTRY BY SUPPORTING UNIQUE PARTNERSHIPS AMONG STUDENTS, EDUCATORS, AND INDUSTRY, HELPING TODAY'S STUDENTS BECOME TOMORROW'S LEADERS. 46 46 5 46 0 1034222 1085580 203222 209907 205103 530792 0 1442547 1826279 732211 784479 0 543201 626825 0 177114 552217 612273 1827629 2023577 -385082 -197298 11624609 12472975 45265 35322 11579344 12437653 FOUNDRY EDUCATIONAL FOUNDATION STRENGHTENS THE METAL CASTING INDUSTRY BY SUPPORTING UNIQUE PARTNERSHIPS AMONG STUDENTS, EDUCATORS, AND INDUSTRY, HELPING TODAY'S STUDENTS BECOME TOMORROW'S LEADERS. false false 1393183 784479 1085580 FEF is the metalcasting industry's educational program at the post-secondary level. It includes four-year technology schools as well as traditional engineering colleges and graduate schools. It spans the broad range of higher education from production supervision to specialized research. Since 1947, the FEF has sponsored programs that have helped advance the industry through the grooming of its young talent and technical leaders. Working with key professors at member universities along with metalcasting companies, the foundation sponsors networking events, promotes job fairs, awards scholarships, funds programs, and advances the interests of young engineers and technologies, preparing them for technical careers in the industry. 221730 209907 FEF's college industry conference (CIC) is the metalcasting industry's premier career fair and peer engagement annual event bringing together 200 industry leaders and 100 top achieving students. the conference promotes young talent from fef member post-secondary institutions toward career opportunities in the metalcasting industry. the goal is to solidify the student's interest in metalcasting while meeting partner company's needs for top technical talent. each year of $60,000 is awarded in scholarships during the awards luncheon to the best-of-the-best students. the cic scholarship funds are from nearly thirty specially established endowments for the specific purpose of recognizing those students destined for future leadership in the metalcasting industry. 1614913 true true false false false true false false false true true false false false false true true false false false false true false false false false false true true true false false false false false false false false false false false false false false false false false true 4 0 true 5 true false false false false false false false 0 false false false false false false false false false false X 46 46 false false false false false false false true true false false true true true true true true true false false IL X X BRIAN LEWIS 8474909200 1695 N Penny Lane Schaumburg IL 60173 BRIAN LEWIS Executive Dir. 40.00 0.00 X X 167870 0 0 RYAN BRATTRUD Director 1.00 0.00 X 0 0 0 LES BROWN Director 1.00 0.00 X 0 0 0 TOM DEMPSEY Treasurer 1.00 0.00 X 0 0 0 JASON GUTIERREZ Director 1.00 0.00 X 0 0 0 JOHNNY HILL Director 1.00 0.00 X 0 0 0 PETER KIM Director 1.00 0.00 X 0 0 0 DAVID CLARK Director 1.00 0.00 X 0 0 0 PAUL HUFFMAN Director 1.00 0.00 X 0 0 0 JACOB JOHNSON Director 1.00 0.00 X 0 0 0 MICHELLE KERNS Director 1.00 0.00 X 0 0 0 Kathy Hayrynen Director 1.00 0.00 X 0 0 0 KIRK KALLIO President 1.00 0.00 X X 0 0 0 WIL TINKER Director 1.00 0.00 X 0 0 0 JOE COSTABILE Director 1.00 0.00 X 0 0 0 CHRIS FETTERS Director 1.00 0.00 X 0 0 0 KELLEY KERNS Director 1.00 0.00 X 0 0 0 JIM KUNDRATIC Director 1.00 0.00 X 0 0 0 EVAN LETOURNEAU Director 1.00 0.00 X 0 0 0 MATTIE LAPRADE Director 1.00 0.00 X 0 0 0 BEN HUNSICKER Director 1.00 0.00 X 0 0 0 PATRICK O'CONNOR Director 1.00 0.00 X 0 0 0 JOHN KEOUGH Director 1.00 0.00 X 0 0 0 STEVE SIKORSKI Director 1.00 0.00 X 0 0 0 BRAD OHLRICH Director 1.00 0.00 X 0 0 0 Maureen P Lynn Secretary 1.00 0.00 X 0 0 0 BRANDON KRUSE Director 1.00 0.00 X 0 0 0 MADDIE SMITH Director 1.00 0.00 X 0 0 0 JON POLLARD Director 1.00 0.00 X 0 0 0 JOEY LEONARD Director 1.00 0.00 X 0 0 0 BRAD MASTERS Director 1.00 0.00 X 0 0 0 JAY MORRISON Director 1.00 0.00 X 0 0 0 LIBBY RYDER Director 1.00 0.00 X 0 0 0 MIKE PETRUS 1st vp 1.00 0.00 X X 0 0 0 JERRY THIEL Director 1.00 0.00 X 0 0 0 MICHAEL MEYER Director 1.00 0.00 X 0 0 0 JIM WENSON Director 1.00 0.00 X 0 0 0 TYLER ECK Director 1.00 0.00 X 0 0 0 DOUG IMRIE Director 1.00 0.00 X 0 0 0 MATT JACOBS Director 1.00 0.00 X 0 0 0 JOE MUNIZA 2nd vp 1.00 0.00 X X 0 0 0 SCOTT ZANDARSKI Director 1.00 0.00 X 0 0 0 EMILY SHEDLARSKI Director 1.00 0.00 X 0 0 0 DAVID FLETCHER Director 1.00 0.00 X 0 0 0 ERIC HANSON Director 1.00 0.00 X 0 0 0 LIZETH MEDINA Director 1.00 0.00 X 0 0 0 TRENT PEARSON Director 1.00 0.00 X 0 0 0 REECE RAGSDALE Director 1.00 0.00 X 0 0 0 167870 1 false true false 0 1085580 1085580 COLLEGE INDUSTRY CONF. 611710 209907 209907 209907 279864 279864 0 0 0 3131028 2880100 250928 250928 250928 0 0 0 0 1826279 489771 250928 377994 377994 396272 396272 10213 10213 0 167870 125903 16787 25180 0 282364 166854 49518 65992 38677 25663 5417 7597 103779 68861 14535 20383 34135 22196 5027 6912 0 1000 1000 17060 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RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12 89 24093 703571 59100 287243 1739407 12284797 true true 14336713 727664 572548 405437 15231488 13719067 580203 540550 503107 14336713 12760875 874373 487399 403580 13719067 12348744 560903 257144 405916 12760875 11692358 640819 383357 299593 68197 12348744 0.07930 0.77810 0.14260 false false false 26961 24947 2014 2014 X 2821885 1055607 1055607 1766278 60001 60001 1826279 1963576 1963576 60001 60001 2023577 Part V, Line 4: Intended uses of the endowment fund. Endowment funds have been established for a variety of purposes, primarily providing scholarship awards, programs and operations. Part X : FIN48 Footnote The Organization is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code. In addition, the Organization qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization other than a private foundation under Internal Revenue Code Section 509(a)(2). In May, 2009, the Organization adopted the provisions of ASC Topic 740-10-25, "Income Taxes Recognition". ASC Topic 740-10-25 had no impact on the Organization's financial statements. The Organization does not believe its financial statements include any uncertain tax positions. true TEC SALTILLO SCHOOL FUNDS 10213 1 false false false false false false true California State Polytechnic 3801 W Temple Ave Pomona CA 91768 204927897 12875 0 discretionary funds for program exp Georgia Southern University 1332 Southern Drive Statesboro GA 30458 586002059 21525 0 discretionary funds for program exp Kent State University 800 E Summit St Kent OH 44240 316402079 7995 0 discretionary funds for program exp MICHIGAN TECH MSE 1400 TOWNSEND DR HOUGHTON MI 49931 386005955 10000 0 OVERTURE GRANT MICHIGAN TECH 1400 TOWNSEND DR 512 MM HOUGHTON MI 49931 386005955 13521 0 DISCRETIONARY FUNDS for program exp MISSOURI S&T 300 W 13TH ST ROLLA MO 65409 436003859 5440 0 discretionary funds for program exp pittsburg state university dept of engineering tech pittsburg KS 66762 223981479 8463 0 discretionary funds for program exp purdue university 401 n grant st west lafayette IN 47907 356002041 5446 0 discretionary funds for program exp The Ohio State University 281 W Lane Ave Columbus OH 43210 316025986 7137 0 discretionary funds for program exp UNI FDN METAL CASTING CENTER 121 COMMONS CEDAR FALLS IA 50614 426058591 7500 0 GRANT FOR INTERN HOUSING COSTS Univ of Alabama - Tuscaloosa PO Box 870136 Tuscaloosa AL 35487 636001138 7943 0 discretionary funds for program exp Univ of Alabama-Birmingham 1530 3rd Ave South Birmingham AL 35294 636005396 8938 0 discretionary funds for program exp Univ of Wisconsin - Platteville 1 University Plaza Platteville WI 53818 391805963 92237 0 Discretionary Funds for program exp University of Northern Iowa 1227 W 27th Street Cedar Falls IA 50614 426004333 10646 0 discretionary funds for program exp UW MADISON 21 N PARK ST MADISON WI 53715 396006492 37477 0 MS&E FUND UW MADISON FOUNDATION 1848 UNIVERSITY AVE MADISON WI 53726 390743975 50000 0 GRAD. RESEARCH FELLOWSHIP VIRGINIA TECH FOUNDATION 902 PRICES FORK RD BLACKSBURG VA 24061 540721690 8000 0 OVERTURE GRANT Virginia Tech 213 Holden Hall MS 0238 Blacksburg VA 24061 546001805 10077 0 discretionary funds for program exp WESTERN MICHIGAN UNIV 1903 W MICHIGAN AVE KALAMAZOO MI 49008 386007327 7428 0 discretionary funds for program exp 14 5 scholarships and grants 250 396272 Grantmaker's Description of How Grants are Used Procedures for monitoring the use of grant funds: scholarships are paid directly to students and do not require further monitoring. Costs paid with discretionary school funds are either paid upon receipt of invoice, purchase order or other acceptable supporting documentation, or they are charged to a credit card provided by the Organization. Credit card purchases are monitored by the director of program services. Charges are reviewed each month; every school is reviewed at least one per year. If the director of program services determines that a cost is questionable, she requests support from the professor. Grants are awarded periodically through a detailed application process with a consequent follow-up report provided by the grantee. X false false false false false false false false false BRIAN LEWIS Executive Dir. 167870 167870 Form 990, Part VI, Section B, Line 11b The executive committee and executive director review and approve Form 990 before it is signed and filed by the executive director. Form 990, Part VI, Section B, Line 12c The board members are required to review and sign a conflict of interest policy on an annual basis. The executive director reviews the signed statements to ensure that they have been properly signed by the board members. If a board member discovers they have a conflict of interest, they abstain from voting on the related issue. Form 990, Part VI, Section B, Line 15a On an annual basis, the Organization's president and first vice president perform a review of the executive director's performance and compensation. They determine the compensation for the executive director based on local salary surveys and trends within metal casting industry. They discuss the decision with the executive committee, which approves the compensation package. The board gives final approval of the compensation package. This process is documented in the board minutes. Form 990, Part VI, Section C, Line 18 COPY OF FORM 990 IS AVAILABLE THRU THE WEBSITE OF THE ILLINOIS ATTORNEY GENERAL'S OFFICE DATABASE. Form 990, Part VI, Section C, Line 19 The Organization's bylaws are available on its website and upon request.