Aist Foundation
- Assets
- $10.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Warrendale, PA
- Founding
- 03/1982
- Data as of
- 06/2022
- EIN
- 25-1402010
Organization Overview
Aist Foundation is located in Warrendale, PA. The organization was established in 1982. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aist 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 06/2022, Aist Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $808.7k during the year ending 06/2022. While expenses have increased by 6.5% 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.
Since 2015, Aist Foundation has awarded 52 individual grants totaling $1,228,000. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND BENEFIT THE ASSOCIATION FOR IRON AND STEEL TECHNOLOGY THROUGH THE INVESTMENT OF FUNDS AND THE PROVIDING OF RESEARCH GRANTS, SCHOLARSHIPS AND STUDENT PROGRAMS THAT SERVE TO ADVANCE THE IRON, STEEL AND RELATED INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AIST FOUNDATION AWARDS GRANTS TO INSTRUCTORS TO ENCOURAGE MORE STUDENTS TO CHOOSE THE STEEL INDUSTRY AS THEIR FIELD OF STUDY; TO RECRUIT MORE OF SUCH GRADUATES TO THE STEEL INDUSTRY, AND TO INCREASE THE NUMBER OF INSTRUCTORS KNOWLEDGEABLE IN STEEL IN NORTH AMERICAN UNIVERSITIES.THESE GRANTS INCLUDE, STEEL CURRICULUM DEVELOPMENT GRANTS, KENT D. PEASLEE JUNIOR FACULTY AWARD, STEEL PROFESSOR GRANTS, DON DAILY SAFETY GRANTS, DIGITAL TECHNOLOGIES GRANTS, AND SUSTAINABLE TECHNOLOGIES GRANTS AMONG OTHER SUPPORT FOR TEACHING PROFESSIONALS.
FOUNDATION SCHOLARSHIP PROGRAMS - THE AIST FOUNDATION AWARDS ACADEMIC SCHOLARSHIPS ON AN ANNUAL BASIS TO TALENTED AND DEDICATED STUDENTS TO ENCOURAGE THE PURSUIT OF CAREERS WITHIN IRON AND STEEL RELATED INDUSTRIES. IN ADDITON, THE AIST FOUNDATION AWARDS INTERNSHIPS TO SHOWCASE THE TECHNOLOGICAL SCALE, SOPHISTICATION AND EMPLOYMENT OPPORTUNITIES AVAILABLE IN THE STEEL INDUSTRY.
FOUNDATION SCHOLARSHIP MEMBER CHAPTER PROGRAMS - THE AIST FOUNDATION AWARDS ACADEMIC SCHOLARSHIPS ON AN ANNUAL BASIS TO TALENTED AND DEDICATED STUDENTS ON A REGIONAL MEMBER CHAPTER LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore F Lyon Past President | OfficerTrustee | 2 | $0 |
Ronald E Ashburn Executive Dir./secretary | OfficerTrustee | 10 | $0 |
Joseph T Dzierzawski Trustee | Trustee | 1 | $0 |
Terry G Fedor II President Elect | OfficerTrustee | 2 | $0 |
Glenn A Pushis President | OfficerTrustee | 2 | $0 |
Michael P Madar Trustee | Trustee | 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 | $943,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $943,190 |
| Total Program Service Revenue | $0 |
| Investment income | $248,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$377 |
| Net Income from Fundraising Events | $49,441 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,240,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $195,000 |
| Grants and other assistance to domestic individuals. | $230,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $41,000 |
| 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 | $96,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,881 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,772 |
| Office expenses | $2,785 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $73,609 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,978 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $32,378 |
| Total functional expenses | $808,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578 |
| Savings and temporary cash investments | $310,053 |
| Pledges and grants receivable | $795,000 |
| 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 | $8,961,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,066,705 |
| Accounts payable and accrued expenses | $28,174 |
| 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 | $28,174 |
| Net assets without donor restrictions | $8,116,608 |
| Net assets with donor restrictions | $1,921,923 |
| 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 | $10,066,705 |
Grants Awarded
Over the last fiscal year, Aist Foundation has awarded $175,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ALABAMA PURPOSE: Faculty Grant | $35,000 |
MICHIGAN TECHNOLOGICAL UNIVERSITY PURPOSE: Steel Curriculum Grant & Faculty Grant | $20,000 |
PURDUE UNIVERSITY PURPOSE: Digital Transformation Grant | $20,000 |
UNIVERSITY OF TEXAS AT SAN ANTONIO PURPOSE: Safety Grant | $10,000 |
GEORGIA SOUTHERN UNIVERSITY PURPOSE: Curriculum Grant and Faculty Grant | $80,000 |
SOUTHEASTERN LOUISIANA UNIVERSITY PURPOSE: Safety Grant | $10,000 |