Aisc Education Foundation
- Assets
- $3.6m
- Revenue
- $378.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 51-0243833
Organization Overview
Aisc Education Foundation is located in Chicago, IL. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Aisc Education 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 12/2021, Aisc Education Foundation generated $378.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $300.6k during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EDUCATION & PROVIDE SCHOLARSHIPS RELATED TO FABRICATED STRUCTURAL STEEL & ENGINEERING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED SCHOLARSHIPS AND FELLOWSHIPS FROM THE SOUTHERN ASSOCIATION OF STEEL FABRICATORS FUND, THE ROCKY MOUNTAIN STEEL CONSTRUCTION ASSOC. FUND, THE FRED R. HAVENS FUND, THE AISC MEMORIAL SCHOLARSHIP FUND, THE GREAT LAKES FABRICATORS & ERECTORS ASSOCIATION, THE W&W/AFCO STEEL FUND, THE FOUNDATION FOR NEW HAMPSHIRE COMMUNITY COLLEGES AND UNDERGRADUATE RESEARCH FELLOWSHIPS.
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 OF THE STUDENTS. EIGHT AWARDS FROM $1,000 TO $5,000 WERE PRESENTED IN 2021. THE NATIONAL STUDENT STEEL BRIDGE COMPETITION WAS HELD VIRTUALLY IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Zalesne Chair | OfficerTrustee | 0.5 | $0 |
Edward Seglias Secretary | OfficerTrustee | 0.5 | $0 |
Babette Freund Vice Chair | OfficerTrustee | 0.5 | $0 |
Dan Kadrmas Treasurer | OfficerTrustee | 0.5 | $0 |
Charles J Carter President | Officer | 2 | $0 |
Benjamin R Baer Member Of Committee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $140,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,634 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $252,634 |
| Total Program Service Revenue | $0 |
| Investment income | $48,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,656 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $378,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $295,122 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,000 |
| Fees for services: Other | $2,500 |
| Advertising and promotion | $0 |
| Office expenses | $185 |
| 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 | $1,764 |
| All other expenses | $0 |
| Total functional expenses | $300,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,748 |
| 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 | $3,472,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,691 |
| Total assets | $3,619,891 |
| 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 | $3,238,475 |
| Net assets with donor restrictions | $381,416 |
| 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 | $3,619,891 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Aisc Education Foundation has recieved totaling $140,374.
| Awarding Organization | Amount |
|---|---|
Aisc Holdings Inc Chicago, IL PURPOSE: RESEARCH | $140,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $374 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |