Metals Service Center Institute Foundation
- Assets
- $6.0k
- Revenue
- $13.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Rolling Meadows, IL
- Founding
- 06/2004
- Data as of
- 12/2021
- EIN
- 34-1270863
Organization Overview
Metals Service Center Institute Foundation is located in Rolling Meadows, IL. The organization was established in 2004. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Metals Service Center Institute 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 12/2021, Metals Service Center Institute Foundation generated $13.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $16.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (35.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Metals Service Center Institute Foundation has awarded 103 individual grants totaling $989,500. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIP FUNDS FOR LOCAL CHAPTERS TO DISTRIBUTE FOR POST-SECONDARY EDUCATION TO MEMBERS' EMPLOYEES' CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP FUNDS ARE PROVIDED TO MATCH SCHOLARSHIP GRANTS ISSUED BY LOCAL MEMBER ORGANIZATIONS OR CHAPTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Robert Weidner III President & CEO | OfficerTrustee | 1 | $0 |
James D Hoffman Vice Chair | OfficerTrustee | 1 | $0 |
Colleen A Phillip Treasurer | OfficerTrustee | 1 | $0 |
Richard T Marabito Chair Person | OfficerTrustee | 1 | $0 |
Mark Mccareins Secretary | OfficerTrustee | 1 | $0 |
Eddie Lehner Past Chairman | OfficerTrustee | 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 | $13,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,596 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $13,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,300 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $500 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,732 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,956 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,956 |
| 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 | $5,300 |
| Total liabilities | $5,300 |
| Net assets without donor restrictions | $656 |
| 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 | $5,956 |
Grants Awarded
Over the last fiscal year, Metals Service Center Institute Foundation has awarded $26,150 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Auburn, NY PURPOSE: SCHOLARSHIPS | $10,000 |
Indianapolis, IN PURPOSE: SCHOLARSHIPS | $8,250 |
Tukwila, WA PURPOSE: SCHOLARSHIPS | $7,900 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Metals Service Center Institute Foundation has recieved totaling $9,500.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT | $5,000 |
The Alvin L Glick Foundation Jackson, MI PURPOSE: GENERAL OPERATING | $750 |
The Alvin L Glick Foundation Jackson, MI PURPOSE: GENERAL OPERATING | $750 |
The Alvin L Glick Foundation Jackson, MI PURPOSE: GENERAL OPERATING | $750 |
The Alvin L Glick Foundation Jackson, MI PURPOSE: GENERAL OPERATING | $750 |
The Alvin L Glick Foundation Jackson, MI PURPOSE: GENERAL OPERATING | $750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
National Association Of Electrical Distributors St Louis, MO | $12,015,051 | $10,580,917 |
Chicagoland Entrepreneurial Center Chicago, IL | $5,911,149 | $8,140,473 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |
International Dairy-Deli-Bakery Association Madison, WI | $22,953,024 | $8,197,084 |
National Precast Concrete Association Inc Carmel, IN | $13,896,863 | $10,585,314 |
Indiana Underground Plant Protection Service Inc Greenwood, IN | $23,524,907 | $10,120,104 |
Property Loss Research Bureau Downers Grove, IL | $29,282,847 | $8,342,411 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Residential Real Estate Council Chicago, IL | $27,056,402 | $11,169,926 |
Engine Manufacturers Association Chicago, IL | $15,542,068 | $8,146,219 |
National Board Of Certification And Recert Of Nurse Anesthetists Chicago, IL | $34,872,411 | $14,011,594 |