Concrete Reinforcing Steel Institute
- Assets
- $5.5m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 20
- Location
- Schaumburg, IL
- Founding
- 12/1926
- Data as of
- 12/2021
- EIN
- 36-0940990
Organization Overview
Concrete Reinforcing Steel Institute is located in Schaumburg, IL. The organization was established in 1926. 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. As of 12/2021, Concrete Reinforcing Steel Institute employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concrete Reinforcing Steel 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 12/2021, Concrete Reinforcing Steel Institute generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND INCREASE THE USE OF STEEL REINFORCED CONCRETE CONSTRUCTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL PUBLICATIONS AND SOFTWARE - INDUSTRY TEXTS AND REFERENCE BOOKS, INCLUDING COMPUTER SOFTWARE, RELATING TO STANDARDS AND INSTRUCTIONS FOR THE CONCRETE REINFORCED STEEL INDUSTRY.
MEETINGS AND SEMINARS - AVAILABLE TO MEMBERS TO PROVIDE UPDATES AND DISCUSS RECENT TRENDS WITHIN THE INDUSTRY; ALSO SERVES AS A FORUM FOR INTERACTION AND THE DEVELOPMENT OF IDEAS AND IMPROVEMENTS.
EPOXY INTEREST GROUP - PROVIDES INFORMATION AND UPDATES TO MEMBERS THROUGH NEWSLETTERS AND MEETINGS.
EPOXY COATING PLANT CERTIFICATION - PROVIDES INDUSTRY STANDARDS, DEVELOPMENT OF IMPROVEMENTS, AND CERTIFICATION FOR MEMBERS THROUGH INSPECTIONS AND QUALITY CONTROL RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kleinhans Danielle Staff Liason / President | Officer | 37 | $296,879 |
Trygestad Amy Director Of Codes & Standa | 40 | $192,897 | |
Fosnough Pete Eig Managing Director | 40 | $162,174 | |
Fanella David Senior Director Of Enginee | 40 | $151,324 | |
Chiappone Mike Controller | 40 | $145,940 | |
Kinchler Robert Region Manager | 40 | $144,647 |
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 | $4,060,664 |
| Investment income | $68,730 |
| 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 | $446,927 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,593,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $314,068 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,781,294 |
| Pension plan accruals and contributions | $97,225 |
| Other employee benefits | $221,458 |
| Payroll taxes | $151,130 |
| Fees for services: Management | $105,576 |
| Fees for services: Legal | $35,203 |
| Fees for services: Accounting | $35,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $138,115 |
| Advertising and promotion | $40,060 |
| Office expenses | $104,858 |
| Information technology | $133,776 |
| Royalties | $0 |
| Occupancy | $49,885 |
| Travel | $137,210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $379,780 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,186 |
| Insurance | $44,233 |
| All other expenses | $48,495 |
| Total functional expenses | $4,073,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $941,485 |
| Savings and temporary cash investments | $2,358,221 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $273,073 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $267,369 |
| Prepaid expenses and deferred charges | $88,061 |
| Net Land, buildings, and equipment | $124,108 |
| Investments—publicly traded securities | $1,432,501 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,484,818 |
| Accounts payable and accrued expenses | $252,873 |
| Grants payable | $0 |
| Deferred revenue | $17,000 |
| 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 | $269,873 |
| Net assets without donor restrictions | $5,169,574 |
| Net assets with donor restrictions | $45,371 |
| 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 | $5,484,818 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Concrete Reinforcing Steel Institute has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
California Field Iron Workers Administrative Trust Roseville, CA PURPOSE: FOSTER THE USE OF STEEL | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Appraisal Institute Chicago, IL | $29,125,581 | $19,187,200 |
American Massage Therapy Assn Evanston, IL | $43,659,958 | $20,082,192 |
National Roofing Contractors Association Rosemont, IL | $27,483,299 | $17,802,756 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |
American Marketing Association Inc Chicago, IL | $9,741,723 | $15,191,106 |
Alliance For Audited Media Lisle, IL | $17,794,762 | $11,739,341 |
American Society Of Safety Professionals Park Ridge, IL | $23,941,077 | $16,437,200 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
Prestressed Concrete Institute Chicago, IL | $8,854,978 | $13,790,264 |