Metals Service Center Institute
- Assets
- $26.3m
- Revenue
- $10.6m
- Investments
- $3.3m
- Employees
- 11
- Location
- Rolling Meadows, IL
- Founding
- 01/1964
- Data as of
- 12/2022
- EIN
- 34-0066490
Organization Overview
Metals Service Center Institute is located in Rolling Meadows, IL. The organization was established in 1964. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Metals Service Center Institute employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metals Service Center 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 12/2022, Metals Service Center Institute generated $10.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $9.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Metals Service Center Institute has awarded 101 individual grants totaling $974,250. 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 ENHANCE THE EFFICIENCY AND PRODUCTIVITY OF MEMBER COMPANIES THROUGH NATIONAL CONFERENCES AND LOCAL MEETINGS; BY PROVIDING INDUSTRY DATA ON SHIPMENTS, AND FINANCIAL OPERATING BENCHMARKS AND EMPLOYEE SALARY DATA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING AND ECONOMIC SUMMIT - THESE TWO MEETINGS ARE THE ASSOCIATION'S PREMIER CONFERENCES. SPEAKERS ARE ENGAGED TO DISCUSS HIGH LEVEL BUSINESS TOPICS FROM THE STATE OF THE ECONOMY TO POLITICAL ANALYSIS TO EMERGING BUSINESS ISSUES. THE GOAL IS TO HAVE MEMBERS EXPOSED TO TOP THEORISTS AND PRACTITIONERS SO THEY WILL BE BETTER INFORMED TO ADDRESS THE ISSUES THEY WILL FACE IN THEIR BUSINESSES IN THE NEXT TWELVE MONTHS AS WELL AS IN THE COMING YEARS.
PRODUCT SPECIFIC CONFERENCES - THESE MEETINGS PROVIDE ECONOMIC AND POLITICAL ANALYSIS FOR MID-LEVEL EXECUTIVES. AGAIN THE GOAL IS TO PROVIDE INSIGHTFUL BUSINESS INFORMATION SO MEMBERS CAN RUN THEIR BUSINESSES MORE EFFECTIVELY.
INDUSTRY RESEARCH AND DATA - MSCI IS THE ONLY SOURCE OF INDUSTRY DATA ON : SHIPMENTS, FINANCIAL OPERATING BENCHMARKS, SALARY AND BENEFITS, AND BUSINESS CONFIDENCE SURVEYS. THESE ARE INVALUABLE MANAGEMENT TOOLS THAT ARE HIGHLY VALUED BY MEMBERS AND THE INVESTMENT COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard T Marabito Chair Person | OfficerTrustee | 3 | $0 |
James D Hoffman Vice Chair | OfficerTrustee | 3 | $0 |
John G Reid Vice Chair | OfficerTrustee | 3 | $0 |
Colleen A Phillip Treasurer, Board Of Directors | OfficerTrustee | 3 | $0 |
R Mark Mccareins Secretary | OfficerTrustee | 3 | $264,000 |
Brian Bedont Director At Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R Mark Mccareins Legal Services | 12/30/22 | $264,000 |
Dowell Group Llp Accounting | 12/30/22 | $161,639 |
Groundwork Communications Llc Edge, Communications, Writing, Etc | 12/30/22 | $131,000 |
K&p Video Dba Vital Show Solutions Audio Visual Services | 12/30/22 | $164,690 |
Higher Logic Llc E-mail Marketing System, Community Porta | 12/30/22 | $100,113 |
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 | $10,217,538 |
| Investment income | $564,318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$208,831 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,640,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $255,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $49,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,179,618 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $264,000 |
| Other salaries and wages | $1,004,473 |
| Pension plan accruals and contributions | $167,912 |
| Other employee benefits | $244,451 |
| Payroll taxes | $109,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,676 |
| Fees for services: Accounting | $199,408 |
| Fees for services: Lobbying | $17,084 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $166,660 |
| Fees for services: Other | $1,729,912 |
| Advertising and promotion | $4,085 |
| Office expenses | $161,234 |
| Information technology | $537,027 |
| Royalties | $0 |
| Occupancy | $168,605 |
| Travel | $232,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,030,834 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,113 |
| Insurance | $109,172 |
| All other expenses | $17,813 |
| Total functional expenses | $9,269,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,558,066 |
| Savings and temporary cash investments | $211,761 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,850,658 |
| 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 | $342,164 |
| Net Land, buildings, and equipment | $235,751 |
| Investments—publicly traded securities | $15,100,393 |
| Investments—other securities | $3,254,093 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,700,776 |
| Total assets | $26,253,662 |
| Accounts payable and accrued expenses | $1,024,544 |
| Grants payable | $0 |
| Deferred revenue | $4,724,421 |
| 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 | $1,675,776 |
| Total liabilities | $7,424,741 |
| Net assets without donor restrictions | $18,828,921 |
| 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 | $26,253,662 |
Grants Awarded
Over the last fiscal year, Metals Service Center Institute has awarded $255,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA CHAPTER MSCI PURPOSE: SCHOLARSHIPS | $10,000 |
CENTRAL NEW YORK CHAPTER MSCI PURPOSE: SCHOLARSHIPS | $10,000 |
CENTRAL STATES CHAPTER MSCI PURPOSE: SCHOLARSHIPS | $10,000 |
CINCINNATI CHAPTER MSCI PURPOSE: SCHOLARSHIPS | $10,000 |
FLORIDA CHAPTER MSCI PURPOSE: SCHOLARSHIPS | $10,000 |
GULF REGION CHAPTER MSCI PURPOSE: SCHOLARSHIPS | $9,000 |