American Society Of Safety Professionals Foundation
- Assets
- $6.9m
- Revenue
- $833.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Park Ridge, IL
- Founding
- 09/1966
- Data as of
- 03/2023
- EIN
- 36-6145045
Organization Overview
American Society Of Safety Professionals Foundation is located in Park Ridge, IL. The organization was established in 1966. According to its NTEE Classification (M05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society Of Safety Professionals 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 03/2023, American Society Of Safety Professionals Foundation generated $833.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $913.0k during the year ending 03/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN SOCIETY OF SAFETY PROFESSIONALS FOUNDATION IS COMMITTED TO A SAFER FUTURE FOR WORKERS. WE ADVANCE OCCUPATIONAL SAFETY AND HEALTH (OSH), WE PROMOTE OSH AS A CAREER CHOICE, AND WE HELP BUILD A SUSTAINABLE TALENT PIPELINE FOR THE PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - THE FOUNDATION DISTRIBUTES SCHOLARSHIPS TO STUDENTS ENROLLED IN AN OCCUPATIONAL SAFETY AND HEALTH (OSH) PROGRAM. THE PURPOSE IS TO ENCOURAGE INTEREST IN THE OSH PROFESSION AND HELP THEM WITH THEIR ACADEMIC EXPENSES.
PROFESSIONAL EDUCATION GRANTS - THROUGH THE PE GRANT PROGRAM, WE SUPPORT SAFETY PROFESSIONALS ON THEIR PATH OF PROFESSIONAL IMPROVEMENT. GRANTS INCLUDE ANY TYPE OF OSH-RELATED TRAINING SUCH AS CERTIFICATION COURSES, SEMINARS, CONFERENCES, ETC.THE FOUNDATION APPLIED FOR, AND WAS AWARDED, A FEDERAL GRANT TO DEVELOP SAFETY TRAINING FOR OSH PROFESSIONALS. THE GRANT CYCLE RUNS FROM OCT 1, 2022 THROUGH OCT 31, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Mcnelly CEO | Officer | 1 | $0 |
Mary Goranson Director | 37.5 | $0 | |
Trish Ennis Ms Csp Arm Cris Board Chair | OfficerTrustee | 4 | $0 |
Brad D Giles Pe Csp Sts Vice Chair (until 6/30/2022) | OfficerTrustee | 1 | $0 |
Christine Sullivan Csp Arm Vice Chair (as Of 7/1/2022) | OfficerTrustee | 1 | $0 |
Linda M Tapp Csp VP Finance | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,543 |
| All other contributions, gifts, grants, and similar amounts not included above | $566,875 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $673,418 |
| Total Program Service Revenue | $14,397 |
| Investment income | $145,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$418 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $833,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $371,990 |
| 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 | $0 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,406 |
| Fees for services: Other | $113,000 |
| Advertising and promotion | $34,686 |
| Office expenses | $3,698 |
| Information technology | $42,136 |
| Royalties | $0 |
| Occupancy | $15,300 |
| Travel | $3,089 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,035 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $912,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,168 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,914 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $86 |
| Prepaid expenses and deferred charges | $13,423 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,407,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,855,328 |
| Accounts payable and accrued expenses | $61,550 |
| 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 | $133,941 |
| Total liabilities | $195,491 |
| Net assets without donor restrictions | $2,192,922 |
| Net assets with donor restrictions | $4,466,915 |
| 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 | $6,855,328 |
Grants Awarded
Over the last fiscal year, American Society Of Safety Professionals Foundation has awarded $91,667 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE RESEARCH FOUNDATION FOR STATE UNIVERSITY OF NY PURPOSE: Fatigue management research study. | $70,000 |
PRESIDENT AND FELLOWS OF HARVARD COLLEGE PURPOSE: Human Capital Study to support the ASSE value of the profession initiative. | $21,667 |