Cast Metals Institute
- Assets
- $7.2m
- Revenue
- $836.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 07/1961
- Data as of
- 06/2022
- EIN
- 36-2491586
Organization Overview
Cast Metals Institute is located in Schaumburg, IL. The organization was established in 1961. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cast Metals Institute 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 06/2022, Cast Metals Institute generated $836.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $551.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE ARTS AND SCIENCES RELATING TO THE MANUFACTURE AND UTILIZATION OF METALCASTINGS THROUGH RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A TOTAL OF 485 STUDENTS ATTENDED 35 COURSES PRESENTED DURING THE FISCAL YEAR 2021-22, AS COMPARED TO THE PRIOR YEAR WHEN 387 STUDENTS ATTENDED 26 COURSES. COURSE OFFERINGS IN THE CURRENT YEAR INCLUDED VIRTUAL AND ON-SITE CLASSROOM, AS WELL AS IN-PLANT TRAINING. A TOTAL OF 52 COMPANIES HAD SUBSCRIPTIONS TO THE UNLIMITED E-LEARNING ACCESS SERVICE AT THE END OF THE FISCAL YEAR 2021-22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam San Solo President | OfficerTrustee | 0.3 | $0 |
Bradford Muller Vice President | OfficerTrustee | 0.3 | $0 |
Angela Schmeisser 2nd Vice President | OfficerTrustee | 0.3 | $0 |
Peter C Reich Immediate Past Pres. (until 4/22) | OfficerTrustee | 0.3 | $0 |
Michael L Lenahan Immediate Past President | OfficerTrustee | 0.3 | $0 |
Douglas Kurkul Chief Executive Officer | Officer | 5 | $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 | $6,921 |
| Noncash contributions included in lines 1a–1f | $4,256 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,921 |
| Total Program Service Revenue | $458,413 |
| Investment income | $178,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $181,791 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,250 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $836,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $187,247 |
| Pension plan accruals and contributions | $3,850 |
| Other employee benefits | $26,325 |
| Payroll taxes | $13,718 |
| Fees for services: Management | $9,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,234 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,524 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,089 |
| Office expenses | $18,104 |
| Information technology | $8,283 |
| Royalties | $0 |
| Occupancy | $31,358 |
| Travel | $1,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,995 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,399 |
| Insurance | $4,760 |
| All other expenses | $112,711 |
| Total functional expenses | $551,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,835 |
| Savings and temporary cash investments | $137,974 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $6,001 |
| Net Land, buildings, and equipment | $25,846 |
| Investments—publicly traded securities | $6,980,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,975 |
| Total assets | $7,179,849 |
| Accounts payable and accrued expenses | $8,891 |
| Grants payable | $0 |
| Deferred revenue | $87,660 |
| 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 | $4,089 |
| Total liabilities | $100,640 |
| Net assets without donor restrictions | $6,843,652 |
| Net assets with donor restrictions | $235,557 |
| 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 | $7,179,849 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cast Metals Institute has recieved totaling $42,000.
| Awarding Organization | Amount |
|---|---|
American Foundry Society Schaumburg, IL PURPOSE: Research Activity | $42,000 |
Endowment Analysis
| Beg. Balance | $197,747 |
| Ending Balance | $197,747 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Erikson Institute Chicago, IL | $79,908,682 | $23,706,409 |
Alternative Schools Network Chicago, IL | $3,716,420 | $15,119,021 |
The Launchcode Foundation Saint Louis, MO | $16,718,030 | $16,796,933 |
Indiana-Kentucky-Ohio Reg Cncil Of Crpntrs Jt Apprntc & Training Fund Warsaw, IN | $28,193,626 | $13,811,625 |
Carpenters Joint Training Fund Of St Louis St Louis, MO | $23,316,031 | $11,452,308 |
Milwaukee Area Technical College Foundation Inc Milwaukee, WI | $33,356,211 | $18,292,742 |
Discovery World Ltd Milwaukee, WI | $54,832,813 | $7,226,516 |
Chicago Area Painting & Decorating Joint Apprenticeship & Train Comm Berkeley, IL | $22,598,762 | $6,295,488 |
Sheet Metal Workers Local 20 Apprenticeship & Training Tr Indianapolis, IN | $6,462,738 | $3,929,061 |
Skilled Kc Technical Institute Inc Kansas City, MO | $2,788,911 | $5,090,533 |
Turkish American Society Inc Mount Prospect, IL | $9,952,466 | $3,661,400 |
Gordon Parks Elementary School Kansas City, MO | $2,020,109 | $3,711,683 |