Non-Ferrous Founders Society Inc
- Assets
- $1.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Sturgis, MI
- Founding
- 04/1944
- Data as of
- 06/2024
- 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 06/2024, 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 06/2024, Non-Ferrous Founders Society Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.3m during the year ending 06/2024. While expenses have increased by 6.8% per year over the past 9 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
2024
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 Exec Direct | Officer | 40 | $169,968 |
Sheila Rayburn Icon Program | 40 | $135,500 | |
Jay Armstrong Director | Trustee | 1 | $0 |
Stan Bass Director | Trustee | 1 | $0 |
Jim Dee Director | Trustee | 1 | $0 |
Cathy Dolan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $238,038 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,678 |
| Total Program Service Revenue | $1,018,362 |
| Investment income | $24,259 |
| 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 | $1,336,733 |
| 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. | $174,968 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $293,604 |
| Pension plan accruals and contributions | $8,629 |
| Other employee benefits | $44,738 |
| Payroll taxes | $36,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$8,221 |
| Fees for services: Accounting | $3,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $509,032 |
| Advertising and promotion | $5,500 |
| Office expenses | $41,378 |
| Information technology | $1,864 |
| Royalties | $0 |
| Occupancy | $14,724 |
| Travel | $32,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164,035 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,450 |
| Insurance | $4,561 |
| All other expenses | $735 |
| Total functional expenses | $1,348,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,241 |
| Savings and temporary cash investments | $379,426 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $791,488 |
| 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 | $33,233 |
| Net Land, buildings, and equipment | $10,349 |
| Investments—publicly traded securities | $45,820 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $900 |
| Total assets | $1,311,457 |
| Accounts payable and accrued expenses | $118,119 |
| Grants payable | $0 |
| Deferred revenue | $602,260 |
| 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 | $198 |
| Total liabilities | $720,577 |
| Net assets without donor restrictions | $547,138 |
| Net assets with donor restrictions | $43,742 |
| 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 | $1,311,457 |