Aesf Foundation
- Assets
- $1.9m
- Revenue
- $584.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/1964
- Data as of
- 12/2023
- EIN
- 22-1800571
Organization Overview
Aesf Foundation is located in Washington, DC. The organization was established in 1964. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aesf Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Aesf Foundation generated $584.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $533.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Aesf Foundation has awarded 18 individual grants totaling $355,148. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION PROGRAMS TO ADVANCE THE SCIENCE AND TECHNOLOGY OF SURFACE FINISHING AND TO PROMOTE CONTINUING EDUCATION WITHIN THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND RESEARCH: PROVIDE EDUCATION COURSES, VARIOUS RESEARCH PROGRAMS, EXHIBITS, AND OTHER EDUCATIONAL SUPPORT FOR MEMBERS AND THE GENERAL PUBLIC. CONVENTION: HOLD ANNUAL CONVENTION WHICH ALLOWS MEMBERS ACCESS TO THE MOST RESPECTED AND HIGHLY QUALIFIED LEADERS IN THE INDUSTRY ALONG WITH THE NEWEST TECHNOLOGIES, PRODUCTS, EQUIPMENT, AND SERVICES FOR EVERY ASPECT OF SURFACE FINISHING. PUBLICATIONS: PUBLISH A MONTHLY JOURNAL AND VARIOUS OTHER EDUCATIONAL MATERIAL FOR MEMBERS AND THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Gallerani Trustee | Trustee | 1 | $0 |
Jennifer Scott Trustee | Trustee | 1 | $0 |
Amanda Beach Trustee | Trustee | 1 | $0 |
Steffen Wolkerstorfer Secretarytreasurer - Nasf | Trustee | 1 | $0 |
Jeff Brassard Past President - Nasf | Trustee | 1 | $0 |
Kyle Hankinson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $430,015 |
| Investment income | $38,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $112,126 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $583,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $180,250 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $172,500 |
| Fees for services: Legal | $660 |
| Fees for services: Accounting | $10,129 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,343 |
| Fees for services: Other | $89,066 |
| Advertising and promotion | $1,006 |
| Office expenses | $28,978 |
| Information technology | $12,678 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,434 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $335 |
| All other expenses | $0 |
| Total functional expenses | $533,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,515 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,800 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,009 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,817,464 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,137 |
| Total assets | $1,949,925 |
| Accounts payable and accrued expenses | $4,158 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,158 |
| Net assets without donor restrictions | $1,945,767 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,949,925 |
Grants Awarded
Over the last fiscal year, Aesf Foundation has awarded $118,750 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CENTER FOR MANUFACTURING S PURPOSE: Sponsorship | $25,000 |
UNIVERSITY OF TEXAS AT DALLAS PURPOSE: Research | $25,000 |
THE UNIVERSITY OF ILLINOIS PURPOSE: Research | $18,750 |
WAYNE STATE UNIVERSITY PURPOSE: Research | $25,000 |
UNIVERSITY OF GEORGIA CROP & SOIL PURPOSE: Research | $25,000 |