American Iron And Steel Institute
- Assets
- $11.7m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 29
- Location
- Washington, DC
- Founding
- 02/1943
- Data as of
- 12/2023
- EIN
- 13-1832448
Organization Overview
American Iron And Steel Institute is located in Washington, DC. The organization was established in 1943. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, American Iron And Steel Institute employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Iron And Steel Institute 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, American Iron And Steel Institute generated $11.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $10.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE INTERESTS OF AMERICAN STEEL INDUSTRY/PROVIDE A FORUM FOR EXCHANGE OF INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDUSTRY ADVOCACY: AISI ADVOCATES FOR ITS MEMBERS AND THE AMERICAN STEEL INDUSTRY THROUGH PUBLIC POLICY, COMMUNICATIONS, ECONOMICS AND INDUSTRY STATISTICS AND SUSTAINABILITY INITIATIVES.
MARKET DEVELOPMENT ACTIVITIES: ENGAGED IN COLLABORATIVE, PRE-COMPETITIVE RESEARCH, AND DEVELOPMENT OF THE MATERIAL AS WELL AS TECHNICAL SOLUTIONS TO DEFEND AND ADVANCE STEEL'S MARKET SHARE IN CURRENT AND EMERGING MARKETS.
COLLABORATIVE RESEARCH AND DEVELOPMENT: ENGAGED PROJECTS WITH INDUSTRY PARTNERS DESIGNED TO REDUCE ENERGY CONSUMPTION AND FURTHER MITIGATE THE ENVIRONMENTAL IMPACT OF THE STEELMAKING PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon Topalian Chairman (jan-May); V Chairman (may-Dec) | OfficerTrustee | 3 | $0 |
John Brett V. Chairman (jan-May); Director (may-Dec) | OfficerTrustee | 3 | $0 |
Lourenco Goncalves V. Chairman (jan-May); Chairman (may-Dec) | OfficerTrustee | 3 | $0 |
German Cura Director (jan-May) | Trustee | 3 | $0 |
Cristobal Fuentes Director | Trustee | 3 | $0 |
Phil Piggott Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hunton Andrews Kurth Llp Consulting Services | 12/30/23 | $604,062 |
Kelley Drye & Warren Llp Consulting Services | 12/30/23 | $136,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $211,039 |
| 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 | $211,039 |
| Total Program Service Revenue | $11,369,244 |
| Investment income | $151,474 |
| 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 | $11,731,757 |
| 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. | $1,688,123 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,427,151 |
| Pension plan accruals and contributions | $5,285 |
| Other employee benefits | $777,636 |
| Payroll taxes | $297,761 |
| 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 | $0 |
| Fees for services: Other | $280,752 |
| Advertising and promotion | $0 |
| Office expenses | $90,991 |
| Information technology | $149,080 |
| Royalties | $0 |
| Occupancy | $1,137,997 |
| Travel | $174,881 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $278,390 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,483 |
| Insurance | $70,550 |
| All other expenses | $0 |
| Total functional expenses | $10,602,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,399,224 |
| Savings and temporary cash investments | $477,981 |
| Pledges and grants receivable | $972,243 |
| 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 | $149,317 |
| Net Land, buildings, and equipment | $325,723 |
| Investments—publicly traded securities | $5,653,388 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,689,390 |
| Total assets | $11,667,266 |
| Accounts payable and accrued expenses | $1,426,426 |
| Grants payable | $0 |
| Deferred revenue | $2,166,903 |
| 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 | $3,852,669 |
| Total liabilities | $7,445,998 |
| Net assets without donor restrictions | $4,221,268 |
| 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 | $11,667,266 |