Nismacna Industry Promotion Fund
- Assets
- $103.2k
- Revenue
- $901.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- Data as of
- 12/2023
- EIN
- 42-1671377
Organization Overview
Nismacna Industry Promotion Fund is located in Oak Brook, IL. Nismacna Industry Promotion Fund 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 12/2023, Nismacna Industry Promotion Fund generated $901.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $901.4k during the year ending 12/2023. While expenses have increased by 8.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Nismacna Industry Promotion Fund has awarded 12 individual grants totaling $4,452,975. 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
PROVIDE EDUCATION AND TRAINING FOR CONTRACTORS WHILE PROMOTING THE SHEET METAL INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHING AND CONDUCTING EDUCATIONAL PROGRAMS FOR THE CONTRACTORS WHILE PROMOTING THE SHEET METAL INDUSTRY. THE FUND PROVIDES A MAJOR SOURCE OF REVENUE FOR SMACNA GREATER CHICAGO, A TRADE ASSOCIATION WHICH IS PARTY TO THE INDUSTRY FUND'S TRUST AGREEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Wiesbrook Chairman | OfficerTrustee | 1 | $0 |
Jon P Hudgens Vice Chairman | OfficerTrustee | 1 | $0 |
Pat Hudgens Trustee | Trustee | 1 | $0 |
Jeff Lukitsh Trustee | Trustee | 1 | $0 |
Donald A Adolfs Administrator | Officer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $901,553 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $901,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $885,712 |
| 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 | $0 |
| Fees for services: Legal | $7,460 |
| Fees for services: Accounting | $8,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $70 |
| Total functional expenses | $901,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,810 |
| Savings and temporary cash investments | $92,403 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,213 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $103,213 |
| 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 | $103,213 |
Grants Awarded
Over the last fiscal year, Nismacna Industry Promotion Fund has awarded $885,712 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SMACNA INDUSTRY FUND (US) PURPOSE: GENERAL SUPPORT | $300,712 |
SMACNA GREATER CHICAGO PURPOSE: GENERAL SUPPORT | $585,000 |