Tooling And Manufacturing Education Foundation
- Assets
- $1.1m
- Revenue
- $13.5k
- Investments
- $1.0m
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 10/1987
- Data as of
- 12/2022
- EIN
- 36-3523995
Organization Overview
Tooling And Manufacturing Education Foundation is located in Schaumburg, IL. The organization was established in 1987. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tooling And Manufacturing Education 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 12/2022, Tooling And Manufacturing Education Foundation generated $13.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $73.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tooling And Manufacturing Education Foundation has awarded 105 individual grants totaling $1,752,005. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOOLING AND MANUFACTURING EDUCATION FOUNDATION (THE"FOUNDATION") IS A NONPROFIT ORGANIZATION WHOSE PURPOSE ISTO IMPROVE, SUSTAIN, AND PROMOTE MANUFACTURING TECHNOLOGYEDUCATION AND TO ENCOURAGE THE PURSUIT OF CAREERS IN THEINDUSTRY. THE FOUNDATION SEEKS CONTRIBUTIONS FROM EMPLOYERSAND INDIVIDUALS IN SUPPORT OF ITS PURPOSE AND DISTRIBUTESTHESE FUNDS IN THE GREATER CHICAGO AREA THROUGH VARIOUSGRANTS. THE FOUNDATION PROVIDED DIRECT GRANTS TO 33NONPROFIT ORGANIZATIONS DURING 2019 FOR DIRECT EDUCATION ANDTRAINING PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Clifford President | 1 | $0 | |
Tony Demakis Trustee | 1 | $0 | |
Jess Giudici Trustee | 1 | $0 | |
Keith Krutz Trustee | 1 | $0 | |
Mike Warren Trustee | 1 | $0 | |
Ryan Wiegel Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,328 |
| Interest on Savings | $53 |
| Dividends & Interest | $31,513 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,378 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,708 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $575 |
| Total operating and administrative expenses | $26,646 |
| Contributions, gifts, grants paid | $46,760 |
| Total expenses and disbursements | $73,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,359 |
| Savings and temporary cash investments | $30,844 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $1,500 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,092,881 |
| Accounts payable and accrued expenses | $8,172 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,172 |
Grants Awarded
Over the last fiscal year, Tooling And Manufacturing Education Foundation has awarded $46,760 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CARY- GROVE HIGH SCHOOL PURPOSE: EDUCATIONAL PROGRAMS | $1,000 |
HAMPSHIRE HIGH SCHOOL PURPOSE: EDUCATIONAL PROGRAMS | $19,000 |
REBEKAH PFLUEGER PURPOSE: EDUCATIONAL PROGRAMS | $1,500 |
SAMANTHA PARSONS PURPOSE: EDUCATIONAL PROGRAMS | $500 |
YOUTH ROBOTICS AND STEM EDUCATION FOUNDATION PURPOSE: EDUCATIONAL PROGRAMS | $1,000 |
VAN GALDER BUS COMPANY PURPOSE: EDUCATIONAL PROGRAMS | $1,760 |