Nuts Bolts & Thingamajigs The Foundation Of The Fabricators And
- Assets
- $5.2m
- Revenue
- $897.3k
- Investments
- $1.4m
- Employees
- 0
- Location
- Elgin, IL
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 36-4201897
Organization Overview
Nuts Bolts & Thingamajigs The Foundation Of The Fabricators And is located in Elgin, IL. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nuts Bolts & Thingamajigs The Foundation Of The Fabricators And 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, Nuts Bolts & Thingamajigs The Foundation Of The Fabricators And generated $897.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $628.0k 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
THE FOUNDATION ISSUES GRANTS TO ORGANIZATIONS THAT CONDUCT MANUFACTURING DAY CAMPS FOR CHILDREN. THE FOUNDATION ISSUES SCHOLARSHIPS TO COLLEGE & TRADE SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED 165 CAMP GRANTS TO ORGANIZATIONS NATIONWIDE AND IN CANADA TOTALING $283,500. THE FOUNDATION ALSO ISSUED 62 SCHOLARSHIPS TOTALING $95,500. THE FOUNDATION ALSO RECEIVED DONATED SERVICES AND USE OF FACILITIES TOTALING $633,140 WHICH ARE NOT INCLUDED IN THE EXPENSES ABOVE FOR THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Wilson Past Chair (term Ended In 2022) | OfficerTrustee | 1 | $0 |
Lori Tapani Director (term Ended In 2022) | Trustee | 1 | $0 |
Joe Dagnese Vice Chair | OfficerTrustee | 1 | $0 |
Stephan Girard Director | Trustee | 1 | $0 |
Jeff Schroeder Chair | OfficerTrustee | 1 | $0 |
Vivek Gupta Immediate Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $178,612 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $701,263 |
| Noncash contributions included in lines 1a–1f | $255,349 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $879,875 |
| Total Program Service Revenue | $0 |
| Investment income | $85,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43,988 |
| Net Income from Fundraising Events | -$23,846 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $897,317 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $374,396 |
| Grants and other assistance to domestic individuals. | $95,341 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $1,271 |
| Fees for services: Accounting | $5,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,649 |
| Fees for services: Other | $11,018 |
| Advertising and promotion | $58,527 |
| Office expenses | $5,924 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,591 |
| 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 | $628,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $571,299 |
| Savings and temporary cash investments | $24,247 |
| Pledges and grants receivable | $174,964 |
| Accounts receivable, net | $20,827 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $425 |
| Prepaid expenses and deferred charges | $704 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,997,675 |
| Investments—other securities | $1,370,524 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,472 |
| Total assets | $5,178,137 |
| Accounts payable and accrued expenses | $1,193 |
| Grants payable | $0 |
| Deferred revenue | $37,234 |
| 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 | $7,712 |
| Total liabilities | $46,139 |
| Net assets without donor restrictions | $3,038,199 |
| Net assets with donor restrictions | $2,093,799 |
| 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 | $5,178,137 |