Nonprofit · EIN 34-0714666
FOUNDRY EDUCATIONAL FOUNDATION
Tax-exempt · SCHAUMBURG, IL 60173
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $2,406,772 | $2,595,146 | -$188,374 | $12,739,289 | $57,055 | $12,682,234 |
| April 30, 2024 | 990 | $1,826,279 | $2,023,577 | -$197,298 | $12,472,975 | $35,322 | $12,437,653 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $1,439,243
- of which government grants
- $467,826
- Program service revenue
- $231,277
- Investment income
- $736,252
- Net gain from sales of assets
- $403,643
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,133,591
- Compensation of officers, directors and key employees
- $172,906
- Other salaries and wages
- $325,523
- Salaries, compensation and benefits (total)
- $687,173
- Professional fundraising fees
- $0
- Legal fees
- $1,134
- Accounting fees
- $17,580
- Occupancy
- $18,947
- Depreciation
- $1,343
- Program services (functional)
- $2,111,167
- Management and general (functional)
- $311,891
- Fundraising (functional)
- $172,088
Balance sheet and other
- Total assets, start of year
- $12,472,975
- Total assets, end of year
- $12,739,289
- Total liabilities, end of year
- $57,055
- Net assets, end of year
- $12,682,234
- Land, buildings and equipment
- $1,271
- Publicly traded securities
- $12,085,757
- Net assets without donor restrictions
- -$3,179,021
- Net assets with donor restrictions
- $15,861,255
- Gross receipts
- $9,063,140
- Employees
- 5
- Volunteers
- 36
- Year formed
- 1947
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN LEWIS | Executive Dir. Trustee or director, Officer | 40 | $172,906 |
| RYAN BRATTRUD | Director Trustee or director | 1 | $0 |
| LES BROWN thru 425 | Director Trustee or director | 1 | $0 |
| TOM DEMPSEY | Treasurer Trustee or director | 1 | $0 |
| JASON GUTIERREZ | President Trustee or director, Officer | 1 | $0 |
| JOHNNY HILL | Director Trustee or director | 1 | $0 |
| PETER KIM | Director Trustee or director | 1 | $0 |
| DAVID CLARK thru 425 | Director Trustee or director | 1 | $0 |
| PAUL HUFFMAN | Director Trustee or director | 1 | $0 |
| JACOB JOHNSON | Director Trustee or director | 1 | $0 |
| SANDY CALABRESE JOINED 425 | Director Trustee or director | 1 | $0 |
| PHIL EATHERTON JOINED 425 | Director Trustee or director | 1 | $0 |
| MATTHEW HLADKI JOINED 425 | Director Trustee or director | 1 | $0 |
| WIL TINKER THRU 425 | Director Trustee or director | 1 | $0 |
| JOE COSTABILE THRU 425 | Director Trustee or director | 1 | $0 |
30 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS FETTERS THRU 425 | Director Trustee or director | 1 | $0 |
| KELLEY KERNS | Director Trustee or director | 1 | $0 |
| JIM KUNDRATIC | Vice President Trustee or director | 1 | $0 |
| EVAN LETOURNEAU | Director Trustee or director | 1 | $0 |
| COREY JARVIS JOINED 425 | Director Trustee or director | 1 | $0 |
| BEN HUNSICKER THRU 425 | Director Trustee or director | 1 | $0 |
| MIKE KAMIN JOINE 425 | Director Trustee or director | 1 | $0 |
| JOHN KEOUGH THRU 425 | Director Trustee or director | 1 | $0 |
| STEVE SIKORSKI THRU 425 | Director Trustee or director | 1 | $0 |
| BRAD OHLRICH | Director Trustee or director | 1 | $0 |
| Maureen P Lynn | Secretary Trustee or director | 1 | $0 |
| BRANDON KRUSE | Director Trustee or director | 1 | $0 |
| MADDIE SMITH | Director Trustee or director | 1 | $0 |
| JON POLLARD | Director Trustee or director | 1 | $0 |
| KRAMER PURSELL | Director Trustee or director | 1 | $0 |
| JOEY LEONARD | Director Trustee or director | 1 | $0 |
| ANDY SHEA | Director Trustee or director | 1 | $0 |
| LIBBY RYDER | Director Trustee or director | 1 | $0 |
| MIKE PETRUS | PAST PRESIDENT Trustee or director | 1 | $0 |
| JERRY THIEL | Director Trustee or director | 1 | $0 |
| MICHAEL MEYER THRU 425 | Director Trustee or director | 1 | $0 |
| JIM WENSON | Director Trustee or director | 1 | $0 |
| TYLER ECK | Director Trustee or director | 1 | $0 |
| DOUG IMRIE | Director Trustee or director | 1 | $0 |
| SCOTT ZANDARSKI | Director Trustee or director | 1 | $0 |
| DAVID FLETCHER | Director Trustee or director | 1 | $0 |
| ERIC HANSON | Director Trustee or director | 1 | $0 |
| LIZETH MEDINA | Vice President Trustee or director | 1 | $0 |
| TRENT PEARSON | Director Trustee or director | 1 | $0 |
| REECE RAGSDALE | Director Trustee or director | 1 | $0 |
990 for the year ended April 30, 2024: 48 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN LEWIS | Executive Dir. Trustee or director, Officer | 40 | $167,870 |
| RYAN BRATTRUD | Director Trustee or director | 1 | $0 |
| LES BROWN | Director Trustee or director | 1 | $0 |
| TOM DEMPSEY | Treasurer Trustee or director | 1 | $0 |
| JASON GUTIERREZ | Director Trustee or director | 1 | $0 |
| JOHNNY HILL | Director Trustee or director | 1 | $0 |
| PETER KIM | Director Trustee or director | 1 | $0 |
| DAVID CLARK | Director Trustee or director | 1 | $0 |
| PAUL HUFFMAN | Director Trustee or director | 1 | $0 |
| JACOB JOHNSON | Director Trustee or director | 1 | $0 |
| MICHELLE KERNS | Director Trustee or director | 1 | $0 |
| Kathy Hayrynen | Director Trustee or director | 1 | $0 |
| KIRK KALLIO | President Trustee or director, Officer | 1 | $0 |
| WIL TINKER | Director Trustee or director | 1 | $0 |
| JOE COSTABILE | Director Trustee or director | 1 | $0 |
| CHRIS FETTERS | Director Trustee or director | 1 | $0 |
| KELLEY KERNS | Director Trustee or director | 1 | $0 |
| JIM KUNDRATIC | Director Trustee or director | 1 | $0 |
| EVAN LETOURNEAU | Director Trustee or director | 1 | $0 |
| MATTIE LAPRADE | Director Trustee or director | 1 | $0 |
| BEN HUNSICKER | Director Trustee or director | 1 | $0 |
| PATRICK O'CONNOR | Director Trustee or director | 1 | $0 |
| JOHN KEOUGH | Director Trustee or director | 1 | $0 |
| STEVE SIKORSKI | Director Trustee or director | 1 | $0 |
| BRAD OHLRICH | Director Trustee or director | 1 | $0 |
| Maureen P Lynn | Secretary Trustee or director | 1 | $0 |
| BRANDON KRUSE | Director Trustee or director | 1 | $0 |
| MADDIE SMITH | Director Trustee or director | 1 | $0 |
| JON POLLARD | Director Trustee or director | 1 | $0 |
| JOEY LEONARD | Director Trustee or director | 1 | $0 |
| BRAD MASTERS | Director Trustee or director | 1 | $0 |
| JAY MORRISON | Director Trustee or director | 1 | $0 |
| LIBBY RYDER | Director Trustee or director | 1 | $0 |
| MIKE PETRUS | 1st vp Trustee or director, Officer | 1 | $0 |
| JERRY THIEL | Director Trustee or director | 1 | $0 |
| MICHAEL MEYER | Director Trustee or director | 1 | $0 |
| JIM WENSON | Director Trustee or director | 1 | $0 |
| TYLER ECK | Director Trustee or director | 1 | $0 |
| DOUG IMRIE | Director Trustee or director | 1 | $0 |
| MATT JACOBS | Director Trustee or director | 1 | $0 |
| JOE MUNIZA | 2nd vp Trustee or director, Officer | 1 | $0 |
| SCOTT ZANDARSKI | Director Trustee or director | 1 | $0 |
| EMILY SHEDLARSKI | Director Trustee or director | 1 | $0 |
| DAVID FLETCHER | Director Trustee or director | 1 | $0 |
| ERIC HANSON | Director Trustee or director | 1 | $0 |
| LIZETH MEDINA | Director Trustee or director | 1 | $0 |
| TRENT PEARSON | Director Trustee or director | 1 | $0 |
| REECE RAGSDALE | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1695 N PENNY LN, SCHAUMBURG, IL 60173-4555
- Signed the 990
- BRIAN LEWIS, Executive Dir.
- Phone
- (847) 490-9200
- Website
- www.fefinc.org
- Return prepared by
- Costabile & Steffens PC
Mission
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.
Program accomplishments
- 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.Expenses $1,848,061 · grants $1,133,591 · revenue $1,439,243
- 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.Expenses $263,106 · revenue $231,277
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 34-0714666
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1958
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $12,739,289
- Income (IRS master file)
- $9,063,140
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $2,406,772 | $2,595,146 | $12,739,289 | XML |
| 990 | April 2024 | $1,826,279 | $2,023,577 | $12,472,975 | XML |
| 990 | April 2023 | $1,442,547 | $1,827,629 | $11,624,609 | IRS |
| 990 | April 2022 | – | – | – | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-0714666).
Questions about FOUNDRY EDUCATIONAL FOUNDATION
- What is the EIN of FOUNDRY EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of FOUNDRY EDUCATIONAL FOUNDATION is 34-0714666.
- Is FOUNDRY EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
- Are donations to FOUNDRY EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDRY EDUCATIONAL FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDRY EDUCATIONAL FOUNDATION due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDRY EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who are the officers and directors of FOUNDRY EDUCATIONAL FOUNDATION?
- The 990 for the year ended April 30, 2025 lists 45 people; 1 received compensation from the organization, the highest $172,906 (BRIAN LEWIS, Executive Dir.).
- How much revenue does FOUNDRY EDUCATIONAL FOUNDATION have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $2,406,772, expenses of $2,595,146 and total assets of $12,739,289 at year end.
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