Industrial Fabrics Foundation
- Assets
- $126.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 10/1999
- Data as of
- 05/2017
- EIN
- 52-2164483
Organization Overview
Industrial Fabrics Foundation is located in Roseville, MN. The organization was established in 1999. 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. Industrial Fabrics 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 05/2017, Industrial Fabrics Foundation generated $24.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (27.3%) each year. All expenses for the organization totaled $85.1k during the year ending 05/2017. 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
2017
Describe the Organization's Program Activity:
Part 3
INDUSTRIAL FABRICS FOUNDATION OFFERS SCHOLARSHIP FUNDS TOWARD HIGHER EDUCATION. FINANCIAL NEED, ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE, INTERNSHIPS AND STUDIES RELATED TO A CAREER IN THE SPECIALTY FABRICS INDUSTRY ARE CONSIDERED FOR SELECTION. THE BOARD AWARDED 8 SCHOLARSHIPS TO STUDENTS AND 2 GRANTS TO ORGANIZATIONS DURING THE FISCAL YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Campbell Director | 1 | $0 | |
Gifford Del Grande Director | 1 | $0 | |
Doug Glenn Director | 1 | $0 | |
Vince Hankins Director | 1 | $0 | |
Robert Rosania Director | 1 | $0 | |
Amy Bircher Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,355 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,115 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $515 |
| Other Revenue | $0 |
| Total Revenue | $23,985 |
| 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 | $43,200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,917 |
| Total expenses | $85,117 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $122,082 |
| Other assets | $0 |
| Total assets | $126,882 |
| Total liabilities | $18,041 |
| Net assets or fund balances | $108,841 |