American Foundry Society is located in Saint Cloud, MN. The organization was established in 1968. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Foundry Society is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 04/2024, American Foundry Society generated $12.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $13.5k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO ADVANCE THROUGH RESEARCH AND EDUCATION, THE ARTS AND SCIENCES RELATING TO THE MANUFACTURING AND UTILIZATION OF METAL CASTINGS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Bodick Director | 0 | $0 | |
Josh Jaycox Chair | 0 | $0 | |
Shawn Conners Director | 0 | $0 | |
Pat Badzinski Director | 0 | $0 | |
Clint Potter Director | 0 | $0 | |
Joe Kranz Director | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,527 |
| Membership dues | $2,384 |
| Investment income | $462 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,801 |
| Other Revenue | $1,991 |
| Total Revenue | $12,165 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $300 |
| Occupancy, rent, utilities, and maintenance | $1,280 |
| Printing, publications, postage, and shipping | $138 |
| Other expenses | $4,009 |
| Total expenses | $13,527 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,650 |
| Other assets | $0 |
| Total assets | $40,650 |
| Total liabilities | $0 |
| Net assets or fund balances | $40,650 |
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