Non-Ferrous Founders Society Inc
- Assets
- $885.3k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Sturgis, MI
- Founding
- 04/1944
- Data as of
- 06/2022
- EIN
- 34-0903465
Organization Overview
Non-Ferrous Founders Society Inc is located in Sturgis, MI. The organization was established in 1944. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Non-Ferrous Founders Society Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Non-Ferrous Founders 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, Non-Ferrous Founders Society Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 7.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING THE MANUFACTURING, RECYCLING AND USE OF NON-FERROUS CASTINGS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - THE SOCIETY PROVIDES A WIDE VARIETY OF PROGRAMS AND SERVICES TO BENEFIT ITS MEMBERS AND THE GENERAL INDUSTRY, INCLUDING THE ICON PROGRAM, OCCUPATIONAL SAFETY AND HEALTH COMPLIANCE ASSISTANCE, GOVERNMENT AFFAIRS PROGRAMS AND RESEARCH & DEVELOPMENT EFFORTS IN COOPERATION WITH DEFENSE, MILITARY AND OTHER GOVERNMENTAL AGENCIES.
MEETINGS AND EVENTS - THE SOCIETY HOSTS SEVERAL INDUSTRY MEETINGS PER YEAR TO PROVIDE THE OPPORTUNITY FOR MEMBERS AND NON-MEMBERS TO CONDUCT THE REQUIRED BUSINESS OF THE SOCIETY AND TO DISCUSS ISSUES AFFECTING THE INDUSTRY AND THEIR BUSINESSES.
PUBLICATIONS - THE SOCIETY'S MONTHLY NEWSLETTERS AND TECHNICAL PUBLICATIONS PROVIDE TIMELY AND CRITICAL INFORMATION ON A VARIETY OF ISSUES AFFECTING NONFERROUS FOUNDRIES. DISTRIBUTION IS APPROXIMATELY 2,600 INDUSTRY CONTACTS PER MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerrod A Weaver Executive Di | Officer | 40 | $165,000 |
Sheila Rayburn Icon Program | 40 | $135,000 | |
Jay Armstrong Immediate Pa | OfficerTrustee | 1 | $0 |
Rolf Gretschmann Vice Preside | OfficerTrustee | 1 | $0 |
Andrew Iannettoni President | OfficerTrustee | 1 | $0 |
John Mellone Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $246,013 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,735 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,801 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,549 |
| Total Program Service Revenue | $898,996 |
| Investment income | $264 |
| 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 | $1,307,932 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $166,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $225,400 |
| Pension plan accruals and contributions | $7,950 |
| Other employee benefits | $33,863 |
| Payroll taxes | $29,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,269 |
| Fees for services: Accounting | $2,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $610,188 |
| Advertising and promotion | $8,792 |
| Office expenses | $47,314 |
| Information technology | $1,227 |
| Royalties | $0 |
| Occupancy | $13,663 |
| Travel | $19,775 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,767 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,216 |
| All other expenses | $4,253 |
| Total functional expenses | $1,244,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,815 |
| Savings and temporary cash investments | $450,522 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $196,765 |
| 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 | $113,723 |
| Net Land, buildings, and equipment | $17,248 |
| Investments—publicly traded securities | $42,294 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $900 |
| Total assets | $885,267 |
| Accounts payable and accrued expenses | $70,324 |
| Grants payable | $0 |
| Deferred revenue | $176,442 |
| 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 | $36,039 |
| Total liabilities | $282,805 |
| Net assets without donor restrictions | $562,572 |
| Net assets with donor restrictions | $39,890 |
| 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 | $885,267 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Non-Ferrous Founders Society Inc has recieved totaling $13,575.
| Awarding Organization | Amount |
|---|---|
American Foundry Society Schaumburg, IL PURPOSE: Research Activity | $13,575 |
Endowment Analysis
| Beg. Balance | $42,994 |
| Earnings | $1,071 |
| Net Contributions | $729 |
| Grants | $2,500 |
| Ending Balance | $42,294 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franklin County Historical Society Columbus, OH | $23,539,656 | $19,471,266 |
Indiana Historical Society Indianapolis, IN | $152,627,726 | $15,739,974 |
Sunset Memorial Park Association North Olmsted, OH | $79,187,854 | $7,193,716 |
Historic Landmarks Foundation Of Indiana Inc Indianapolis, IN | $92,679,775 | $11,879,556 |
Cuyahoga Valley Preservation And Scenic Railway Association Peninsula, OH | $11,093,810 | $8,580,241 |
Western Reserve Historical Society Cleveland, OH | $45,747,344 | $9,269,565 |
Stan Hywet Hall & Gardens Inc Akron, OH | $11,720,685 | $5,111,685 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Arlington Memorial Gardens Assoc Inc Cincinnati, OH | $20,107,883 | $6,307,939 |
Hudson Library & Historical Society Hudson, OH | $7,551,433 | $4,693,628 |
Old Tiger Stadium Conservancy Detroit, MI | $90,494 | $3,111,920 |
Thomas J Emery Memorial Cincinnati, OH | $34,932,147 | $4,221,495 |