Nonprofit · EIN 51-0243833
AISC EDUCATION FOUNDATION
Tax-exempt · CHICAGO, IL 60601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,409,708 | $602,353 | $807,355 | $6,021,407 | $8,518 | $6,012,889 |
| December 31, 2023 | 990 | $580,682 | $490,437 | $90,245 | $5,042,631 | $285,709 | $4,756,922 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,245,565
- Program service revenue
- $0
- Investment income
- $164,143
- Net gain from sales of assets
- $12,131
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $452,548
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $599,132
- Management and general (functional)
- $3,221
Balance sheet and other
- Total assets, start of year
- $5,042,631
- Total assets, end of year
- $6,021,407
- Total liabilities, end of year
- $8,518
- Net assets, end of year
- $6,012,889
- Publicly traded securities
- $5,615,688
- Net assets without donor restrictions
- $5,316,956
- Net assets with donor restrictions
- $695,933
- Gross receipts
- $1,597,577
- Employees
- 0
- Volunteers
- 16
- Year formed
- 1959
- State of legal domicile
- IL
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHARLES J CARTER | PRESIDENT Officer | 2 | $0 | $345,613 | $44,843 |
| EMILY GUGLIELMO | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| BENJAMIN R BAER | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| GLENN R TABOLT | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| EDWARD SEGLIAS | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| CASEY A BROWN | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| PATRICIA CLAYTON | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| BABETTE FREUND | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DAN KADRMAS | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JON D MAGNUSSON | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| GREGORY MICHAELSON | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| ANGIE MITCHELL | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MACHEL MORRISON | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KIM RODDIS | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JEFFREY SMILOW | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREA E SUROVEK | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 |
| DAVID ZALESNE | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHARLES J CARTER | PRESIDENT Officer | 2 | $0 | $355,892 | $72,559 |
| EMILY GUGLIELMO | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| BENJAMIN R BAER | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| GLENN R TABOLT | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| EDWARD SEGLIAS | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| CASEY A BROWN | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| PATRICIA CLAYTON | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| BABETTE FREUND | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DAN KADRMAS | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JON D MAGNUSSON | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| GREGORY MICHAELSON | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MACHEL MORRISON | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KIM RODDIS | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| STEPHANIE SLOCUM | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JEFFREY SMILOW | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| ANDREA E SUROVEK | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID ZALESNE | MEMBER OF COMMITTEE Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 130 E RANDOLPH ST STE 2000, CHICAGO, IL 60601-6204
- In care of
- % DAVID SLADE
- Principal officer (990 for 2024)
- CHARLES J CARTER, 130 E RANDOLPH STREET 2000, CHICAGO, IL 606016204
- Signed the 990
- CHARLES J CARTER, PRESIDENT
- Phone
- (312) 670-2400
- Website
- WWW.AISC.ORG
- Return prepared by
- SIKICH LLC
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.
Program accomplishments
- THE FOUNDATION AWARDED SCHOLARSHIPS AND FELLOWSHIPS FROM THE FOLLOWING FUNDS:THE FRED R. HAVENS FUNDTHE SOUTHERN ASSOCIATION OF STEEL FABRICATORS FUNDTHE W&W/AFCO STEEL FUNDTHE ASSOCIATED STEEL ERECTORS FUNDTHE AISC MEMORIAL SCHOLARSHIP FUNDTHE SSBC SCHOLARSHIP FUNDFUNDING THE FUTURE FUNDUNDERGRADUATE RESEARCH FELLOWSHIPS FUNDExpenses $420,044 · grants $415,960
- 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 $17,000. THE NATIONAL STUDENT STEEL BRIDGE COMPETITION WAS HELD AT LOUISIANA TECH UNIVERSITY.Expenses $159,500 · grants $17,000
- 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 $19,588 · grants $19,588
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0243833
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $7,287,735
- Income (IRS master file)
- $1,205,504
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,409,708 | $602,353 | $6,021,407 | XML |
| 990 | December 2023 | $580,682 | $490,437 | $5,042,631 | XML |
| 990 | December 2022 | $1,392,850 | $331,828 | $4,312,470 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 51-0243833).
Questions about AISC EDUCATION FOUNDATION
- What is the EIN of AISC EDUCATION FOUNDATION?
- The employer identification number (EIN) of AISC EDUCATION FOUNDATION is 51-0243833.
- Is AISC EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to AISC EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does AISC EDUCATION 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 AISC EDUCATION FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AISC EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AISC EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names CHARLES J CARTER.
- Who are the officers and directors of AISC EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does AISC EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,409,708, expenses of $602,353 and total assets of $6,021,407 at year end.
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