2024-08-29T07:36:39-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2023-01-01 364389361 STEEL FOUNDERS' SOCIETY FOUNDATION STEE 8154558240 780 MCARDLE DRIVE G CRYSTAL LAKE IL 60014 RAYMOND MONROE EXECUTIVE VICE PRESIDENT 8154558240 2024-08-27 1 1 ASHLEY BARSEMA P01310867 6305738600 2024-08-27 2023 2024-08-08 14:25:15Z RAYMOND MONROE 780 MCARDLE DRIVE G CRYSTAL LAKE IL 60014 82348 0 X HTTPS://WWW.SFSA.ORG/FOUNDATION X 2000 DE TO SUPPORT STEEL FOUNDERS' SOCIETY OF AMERICA AND ANY ORGANIZATIONS WITHIN A CLASS OF ORGANIZATIONS SERVING THE MISSION OF STEEL FOUNDERS' SOCIETY OF AMERICA. 4 4 0 5 0 0 25028 37445 0 0 7850 5643 0 0 32878 43088 8000 10000 0 0 0 0 0 0 0 8485 6420 16485 16420 16393 26668 279178 345156 141 72 279037 345084 X THE OBJECTS AND PURPOSES OF THE CORPORATION SHALL BE EXCLUSIVELY CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING BUT NOT LIMITED TO SUPPORTING EDUCATIONAL ACTIVITIES, FUNDING SCHOLARSHIPS FOR STUDENTS TO STUDY ENGINEERING, PROVIDING SUPPORT FOR ENGINEERING WORK STUDY PROGRAMS, MAKING GRANTS TO SUPPORT SCIENTIFIC RESEARCH IN SUCH AREAS AS BASIC PHYSICS CONCERNING SOLIDIFICATION AND FLOW OFMELTED METALS, AND ENGINEERING PROPERTIES OF CASTINGS FOR DESIGN. THE PURPOSE OF THE CORPORATION SHALL BE TO SUPPORT STEEL FOUNDERS' SOCIETY OF AMERICA AND ANY ORGANIZATIONS WITHIN A CLASS OF ORGANIZATIONS SERVING THE MISSION OF STEEL FOUNDERS' SOCIETY OF AMERICA. 0 0 10000 10000 SUPPORTING EDUCATIONAL ACTIVITIES AND FUNDING SCHOLARSHIPS FOR STUDENTS TO STUDY ENGINEERING. 0 PROVIDING SUPPORT FOR ENGINEERING WORK STUDY PROGRAMS, MAKING GRANTS TO SUPPORT SCIENTIFIC RESEARCH IN SUCH AREAS AS BASIC PHYSICS CONCERNING SOLIDIFICATION AND FLOW OF MELTED METALS, AND ENGINEERING PROPERTIES OF CASTINGS FOR DESIGN. 10000 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X RAYMOND MONROE 8154558240 780 MCARDLE DRIVE UNIT G CRYSTAL LAKE IL 600148155 ROBERT HARRISON PRESIDENT 0.25 0.50 X X 0 0 0 JOHN CORY VICE PRESIDENT 0.25 0.50 X X 0 0 0 MAX HOLMAN IMMEDIATE PAST PRESIDENT 0.25 0.50 X X 0 0 0 JEFF BUREK DIRECTOR 0.25 0.50 X 0 0 0 RAYMOND MONROE EXECUTIVE VICE PRESIDENT 0.20 40.00 X 0 451390 42057 KELLY MORITZ TREASURER 0.20 40.00 X 0 276985 44170 0 728375 86227 0 0 1 0 0 37445 37445 9200 9200 35703 39260 -3557 -3557 -3557 43088 0 0 5643 10000 10000 537 537 3308 3308 2397 2397 178 178 16420 10000 6420 0 17403 18756 261775 326400 279178 345156 141 72 141 72 X 238450 295254 40587 49830 279037 345084 279178 345156 26668 39379 0 X X 0 1 X 1 0 X X 1 STEEL FOUNDERS' SOCIETY OF AMERICA 363293382 10 1 10000 0 1 10000 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 1 THE PURPOSE OF THE CORPORATION SHALL BE TO SUPPORT STEEL FOUNDERS' SOCIETY OF AMERICA AND ANY ORGANIZATIONS WITHIN A CLASS OF ORGANIZATIONS SERVING THE MISSION OF STEEL FOUNDERS' SOCIETY OF AMERICA. PART IV, SECTION A, LINE 3B THE FOUNDATION OBTAINED THE SUPPORTED ORGANIZATION'S IRS DETERMINATION LETTER TO CONFIRM THE SUPPORTED ORGANIZATION QUALIFIED AS AN INTERNAL REVENUE CODE SECTION IRC 501(C)(6) ORGANIZATION AND ANNUALLY RECEIVES THE SUPPORTED ORGANIZATION'S FORM 990 TO ENSURE IRC 501(C)(6) STATUS IS MAINTAINED. THE FOUNDATION ANNUALLY COMPUTES THE SUPPORTED ORGANIZATION'S PUBLIC SUPPORT AS OUTLINED ON FORM 990, SCHEDULE A, PART III TO CONFIRM THE SUPPORTED ORGANIZATION WOULD QUALIFY AS AN IRC 509(A)(2) ORGANIZATION. PART IV, SECTION A, LINE 3C CONTRIBUTIONS ARE MADE DIRECTLY TO 170(C) (2) (B) ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17371 5000 2784 25155 15075 5000 -2704 17371 5000 10000 75 15075 5000 5000 0.19436 0.80565 0 0 0 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE ORGANIZATION IS STILL OPEN TO EXAMINATION BY U.S. TAX AUTHORITIES FROM 2020 FORWARD. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE WAS NO INTEREST OR PENALTIES RECORDED IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS RELATED TO UNCERTAIN TAX POSITIONS. IT IS THE POLICY OF THE ORGANIZATION TO INCLUDE PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES. SCHEDULE D, PART V, LINE 4: THE ENDOWMENT IS TO BE KEPT IN INVESTMENTS TO BENEFIT PROGRAMS. 1 SCHOLARSHIPS/INTERNSHIPS 7 10000 SCHEDULE I, PART I, LINE 2 GRANTS ARE PAID WHEN INTERNSHIPS AND PRESENTATIONS ARE COMPLETED 0 0 0 0 0 0 0 0 0 RAYMOND MONROE EXECUTIVE VICE PRESIDENT 0 393029 0 57173 0 1188 0 23101 0 18956 0 493447 0 0 KELLY MORITZ TREASURER 0 241058 0 35436 0 491 0 17163 0 27007 0 321155 0 0 SCHEDULE J, PART I, LINE 3 COMPENSATION TO THE EXECUTIVE VICE PRESIDENT IS PAID BY A RELATED ORGANIZATION. THE COMPENSATION PACKAGE OFFERED TO THE EXECUTIVE VICE PRESIDENT IS REVIEWED AND APPROVED BY THE SALARY ADMINISTRATION COMMITTEE ANNUALLY IN CONJUNCTION WITH THE EXECUTIVE COMMITTEE MEETING. ASSOCIATION INDUSTRY SURVEYS, REVIEW OF 990'S OF OTHER ORGANIZATIONS, AND REVIEW OF ONLINE COMPENSATION WEBSITES ARE USED IN DETERMINING THE SALARY. THE APPROVED SALARY IS DOCUMENTED DURING THE MEETING. THE LAST REVIEW WAS DONE IN SEPTEMBER 2023. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY OF THE SUPPORTED ORGANIZATION, STEEL FOUNDERS' SOCIETY OF AMERICA, DOES HAVE THE POWER TO APPOINT THE OFFICERS/DIRECTORS OF STEEL FOUNDERS' SOCIETY FOUNDATION. THE EXECUTIVE COMMITTEE OF STEEL FOUNDERS' SOCIETY OF AMERICA SHALL SERVE AS THE BOARD OF DIRECTORS OF STEEL FOUNDERS' SOCIETY FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR THEIR REVIEW AND IS ALSO REVIEWED IN DETAIL BY STEEL FOUNDERS' SOCIETY OF AMERICA'S (RELATED ORGANIZATION) VP OF FINANCE AND CONTRACTS AND THE EXECUTIVE VICE PRESIDENT. QUESTIONS OR CONCERNS THAT ANY BOARD MEMBERS HAVE ARE ADDRESSED BY THE STEEL FOUNDERS' SOCIETY OF AMERICA'S VP OF FINANCE AND CONTRACTS AND EXECUTIVE VICE PRESIDENT BEFORE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S PRACTICE FOR MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DEALING WITH POTENTIAL OR ACTUAL CONFLICTS OF INTEREST IS THAT THE STAFF OF STEEL FOUNDERS' SOCIETY OF AMERICA (RELATED ORGANIZATION) AND BOARD ARE ASKED TO SIGN THE POLICY EVERY YEAR. STEEL FOUNDERS' SOCIETY OF AMERICA'S VICE PRESIDENT OF OPERATIONS MONITORS COMPLIANCE WITH THE POLICY VIA CONSTANT INVOLVEMENT WITH KEY EMPLOYEES AND DIRECTORS. IF A POTENTIAL CONFLICT OF INTEREST ARISES, IT IS DISCLOSED TO THE BOARD. IF IT IS DEEMED A CONFLICT, THE INDIVIDUAL SHALL NOT PARTICIPATE IN ANY DECISIONS PERTAINING TO THE SITUATION IN WHICH CONFLICT ARISES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS BYLAWS AVAILABLE TO THE PUBLIC UPON REQUEST. CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR STEEL FOUNDERS' SOCIETY OF AMERICA 780 MCARDLE DRIVE UNIT G CRYSTAL LAKE IL 60014 363293382 SCHOLARSHIPS IL 501(C)(6) N/A N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0