Concrete Reinforcing Steel Institute
- Assets
- $5.2m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Schaumburg, IL
- Founding
- 12/1926
- Data as of
- 12/2022
- 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 12/2022, Concrete Reinforcing Steel Institute employed 19 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 12/2022, Concrete Reinforcing Steel Institute generated $4.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2022. 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
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.
EPOXY COATING PLANT CERTIFICATION - PROVIDES INDUSTRY STANDARDS, DEVELOPMENT OF IMPROVEMENTS, AND CERTIFICATION FOR MEMBERS THROUGH INSPECTIONS AND QUALITY CONTROL RESEARCH.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Estep Jeff Chairman | OfficerTrustee | 1.5 | $0 |
Cottrell Brad Vice Chairman | OfficerTrustee | 0.75 | $0 |
Simmet Adam Treasurer | OfficerTrustee | 1.5 | $0 |
Barney Donald Past Chairman | Trustee | 0.75 | $0 |
Alwin Mary Director | Trustee | 0.75 | $0 |
Belland Andre Director | Trustee | 0.75 | $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 | $75,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,000 |
| Total Program Service Revenue | $4,200,903 |
| Investment income | $78,520 |
| 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 | $424,820 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,807,530 |
| 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. | $325,823 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,844,529 |
| Pension plan accruals and contributions | $106,911 |
| Other employee benefits | $216,066 |
| Payroll taxes | $158,508 |
| Fees for services: Management | $60,000 |
| Fees for services: Legal | $55,450 |
| Fees for services: Accounting | $34,404 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $296,086 |
| Advertising and promotion | $47,292 |
| Office expenses | $86,442 |
| Information technology | $281,364 |
| Royalties | $0 |
| Occupancy | $50,399 |
| Travel | $259,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $558,313 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,367 |
| Insurance | $43,929 |
| All other expenses | $23,985 |
| Total functional expenses | $4,752,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,600 |
| Savings and temporary cash investments | $2,368,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176,797 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $243,947 |
| Prepaid expenses and deferred charges | $75,523 |
| Net Land, buildings, and equipment | $97,695 |
| Investments—publicly traded securities | $1,203,981 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,131 |
| Total assets | $5,159,382 |
| Accounts payable and accrued expenses | $153,255 |
| 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 | $32,569 |
| Total liabilities | $185,824 |
| Net assets without donor restrictions | $4,903,596 |
| Net assets with donor restrictions | $69,962 |
| 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 | $5,159,382 |