Ductile Iron Society Inc
- Assets
- $1.1m
- Revenue
- $341.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Germantown, WI
- Founding
- 05/1977
- Data as of
- 06/2022
- EIN
- 13-2885682
Organization Overview
Ductile Iron Society Inc is located in Germantown, WI. The organization was established in 1977. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ductile Iron Society Inc 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 06/2022, Ductile Iron Society Inc generated $341.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $390.5k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DUCTILE IRON SOCIETY ORGANIZATION'S MISSION IS TO ADVANCE THE TECHNOLOGY, ART, SCIENCE OF DUCTILE IRON PRODUCTION AND TO DISSEMINATE ALL SUCH INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT OF SERVICE ACCOMPLISHMENTS
SEE STATEMENT OF SERVICE ACCOMPLISHMENTS
SEE STATEMENT OF SERVICE ACCOMPLISHMENTS
SEE STATEMENT OF SERVICE ACCOMPLISHMENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Lammers Executive Di | Trustee | 40 | $146,289 |
Lenny Basaj Vice Preside | Officer | $0 | |
Jean Bye Secretary & | Officer | 1 | $0 |
Jeff Herdman Director | Trustee | $0 | |
Jason Bush Director | Trustee | $0 | |
Brian Johnson Director | Trustee | $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 | $303,403 |
| Investment income | $22,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,888 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $340,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $146,289 |
| 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 | $2,860 |
| Payroll taxes | $7,404 |
| Fees for services: Management | $51,426 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $486 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,141 |
| Fees for services: Other | $0 |
| Advertising and promotion | $150 |
| Office expenses | $6,187 |
| Information technology | $1,508 |
| Royalties | $0 |
| Occupancy | $2,713 |
| Travel | $150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,831 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,622 |
| All other expenses | $0 |
| Total functional expenses | $390,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,763 |
| Savings and temporary cash investments | $33,447 |
| 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 | $1,015,758 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,066,968 |
| 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 | $1,066,968 |
| 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 | $1,066,968 |
Grants Awarded
Over the last fiscal year, Ductile Iron Society Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Schaumburg, IL PURPOSE: SCHOLARSHIP FUND | $20,000 |
Schaumburg, IL PURPOSE: SCHOLARSHIP FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Union Of Operating Engineers Local 399 Chicago, IL | $96,961,907 | $69,218,170 |
Imagine The Possibilities Inc Maquoketa, IA | $31,709,924 | $54,097,733 |
Operating Engineers Local 150 Apprenticeship Fund Countryside, IL | $65,849,227 | $38,699,525 |
W E Upjohn Unemployment Trustee Corporation Kalamazoo, MI | $279,939,178 | $28,869,507 |
Pierce-Pepin Cooperative Services Ellsworth, WI | $45,602,496 | $18,833,383 |
Alternative Services Inc Livonia, MI | $7,366,865 | $19,260,282 |
Employ Milwaukee Inc Milwaukee, WI | $5,350,025 | $18,087,018 |
Berrien-Cass-Vanburen Workforce Development Board Inc Benton Harbor, MI | $2,581,468 | $13,721,312 |
Ibew Local 701 Vacation Fund Warrenville, IL | $3,565,124 | $11,822,716 |
Wisconsin Operating Engineers Skill Improvement And Apprenticeship Fun Pewaukee, WI | $22,671,605 | $11,410,505 |
Iuoe & Assoc General Contractors Of Mn Apprentship & Training Program Hinckley, MN | $26,199,271 | $8,702,467 |
Apprentice And Journeymen Education And Training Trust Fund U/A 130 Chicago, IL | $39,945,456 | $7,959,512 |