Civic Intelligence

Forging Industry Association

990 • Fiscal year 2021 • EIN 34-0821275

Jun 01, 2020 to May 31, 2021 • Filed on Apr 06, 2022

Organization ProfileWWW.FORGING.ORG

View Organization Page

1111 Superior Avenue No 615Cleveland, OH 44114

(216) 781-6260

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.22x

Higher debt load relative to assets than 56% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

0.85x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2021

Net Margin

14th percentile

-3.4%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

61st percentile

$306,242

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 18.3% of source-year revenue.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2021

Asset Growth

90th percentile

41%

Faster asset growth than 90% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-6.7%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$6,467,181

Up $1,880,536 (+41%) from 2020

Net Assets

Up

$5,040,453

Up $551,406 (+12%) from 2020

Liabilities

Up

$1,426,728

Up $1,329,130 (+1362%) from 2020

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin14th percentile

Revenue

Down

$1,669,919

Down $120,804 (-6.7%) from 2020

Expenses

Down

$1,726,189

Down $374,258 (-18%) from 2020

Net Income

Up

-$56,270

Up $253,454 (+82%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $2,930,421Liabilities 2012: $591,605Net Assets 2012: $2,338,8162012Assets 2013: $3,026,255Liabilities 2013: $322,058Net Assets 2013: $2,704,1972013Assets 2014: $3,001,936Liabilities 2014: $502,082Net Assets 2014: $2,499,8542014Assets 2017: $3,877,800Liabilities 2017: $66,139Net Assets 2017: $3,811,6612017Assets 2018: $3,992,502Liabilities 2018: $143,891Net Assets 2018: $3,848,6112018Assets 2019: $4,865,011Liabilities 2019: $218,492Net Assets 2019: $4,646,5192019Assets 2020: $4,586,645Liabilities 2020: $97,598Net Assets 2020: $4,489,0472020Assets 2021: $6,467,181Liabilities 2021: $1,426,728Net Assets 2021: $5,040,4532021Assets 2022: $5,925,128Liabilities 2022: $688,526Net Assets 2022: $5,236,6022022

Highlighted filing

2021

Assets$6,467,181
Liabilities$1,426,728
Net Assets$5,040,453
Open 2021 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $2,975,3412012Expenses 2013: $2,966,8542013Revenue 2014: $2,181,566Expenses 2014: $2,469,923Net Income 2014: -$288,3572014Revenue 2017: $3,394,110Expenses 2017: $2,534,072Net Income 2017: $860,0382017Revenue 2018: $2,092,295Expenses 2018: $2,090,185Net Income 2018: $2,1102018Revenue 2019: $3,697,115Expenses 2019: $2,852,905Net Income 2019: $844,2102019Revenue 2020: $1,790,723Expenses 2020: $2,100,447Net Income 2020: -$309,7242020Revenue 2021: $1,669,919Expenses 2021: $1,726,189Net Income 2021: -$56,2702021Revenue 2022: $4,525,917Expenses 2022: $3,245,633Net Income 2022: $1,280,2842022

Highlighted filing

2021

Revenue$1,669,919
Expenses$1,726,189
Net Income-$56,270
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Apr 6, 2022
Return Version
2020v4.2
Gross Receipts
$2,122,581
Mission and Program Overview

Mission

Improve members' global competetiveness.

Improve member's global competitiveness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,149,908$3,889,540▲ $739,632
Savings and Temporary Cash Investments$1,028,939$1,650,286▲ $621,347
Accounts Receivable$101,660$598,728▲ $497,068
Prepaid Expenses and Deferred Charges$112,446$215,199▲ $102,753
Cash and Non-Interest-Bearing Accounts$177,465$92,712▼ $84,753
Land, Buildings, and Equipment, Net$16,227$20,716▲ $4,489
Total Assets$4,586,645$6,467,181▲ $1,880,536
Liabilities
Deferred Revenue$26,440$1,123,330▲ $1,096,890
Unsecured Notes Loans Payable-$201,792-
Accounts Payable and Accrued Expenses$71,158$101,606▲ $30,448
Total Liabilities$97,598$1,426,728▲ $1,329,130
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,489,047$5,040,453▲ $551,406
Total Net Assets Fund Balance$4,489,047$5,040,453▲ $551,406
Total Liabilities and Net Assets / Fund Balance$4,586,645$6,467,181▲ $1,880,536

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,716$128,706$149,422
Leasehold Improvements$0$10,111$10,111
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James R WarrenPresident & CEOFT$265,217$41,025$306,242
Joseph BoniCFO/COO/secretaryFT$201,634$38,110$239,744

Board Members and Trustees

NameTitle
Mike GillChairman
Douglas G McintyreVice Chairman
Chelsea LanttoBoard Member
Dan UlvenBoard Member
Greg TimmonsBoard Member
John CowardBoard Member
John PaleBoard Member
Joseph CiprianiBoard Member
Marcelo T GarzaBoard Member
Peter CampbellBoard Member
Robert DimitrieffBoard Member
Ron JanzenBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,212,061
Program Service Revenue
$177,886
Investment Income
$151,624
Other Revenue
$128,348
Change in Net Assets
$-56,270

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,669,919
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$607,676
Total Revenue per Audited Statements
$2,277,595
Total Revenue per Form 990
$1,669,919
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$868,134
Salaries, Compensation, and Employee Benefits$858,055
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$687,846
All Other Expenses---$194,037
Other Employee Benefits---$91,858
Fees for Services Other---$87,508
Occupancy---$79,042
Other Expenses---$75,000
Conferences and Meetings---$54,157
Payroll Taxes---$43,516
Office Expenses---$42,261
Pension Plan Contributions---$34,835
Fees for Services Accounting---$21,050
Insurance---$17,722
Depreciation Depletion---$14,648
Fees for Services Legal---$11,878
Fees for Services Lobbying---$1,480
Travel---$682
Total Functional Expenses$0$0$0$1,726,189

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,726,189
Total Expenses per Audited Statements$1,726,189
Total Expenses per Form 990$1,726,189
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$16,480
Total Nondeductible Lobbying and Political Cost$16,480
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Organization is a not-for-profit corporation with members.”

Form 990, Part VI, Section A, Line 7A

“Membership elects members of the governing body.”

Form 990, Part VI, Section A, Line 7B

“Board members approve budgets and changes in dues structure.”

Form 990, Part VI, Section B, Line 11B

“Draft of the form 990 was reviewed by the cfo prior to final completion of the return. Upon approval by the cfo the 990 was completed and filed.”

Form 990, Part VI, Section B, Line 12C

“Employees receive and must acknowledge that they have read the policy. Management monitors employees for compliance with policy.”

Form 990, Part VI, Section B, Line 15A

“A survey of other organizations is taken and evaluated in determining salary level for forging industry association president. Salary of the president is determined by the executive committee of the board of directors.”

Form 990, Part VI, Section C, Line 19

“Documents are available by request of the cfo.”

Filing and Contact Details

Filer

Filer Name
Forging Industry Association
EIN
34-0821275
Phone
2167816260
Address
1111 SUPERIOR AVENUE NO 615, CLEVELAND, OH 44114

Signing Officer

Name
James R Warren
Title
President
Phone
2167816260
Signed
2022-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James R Warren
Formed
1959
Legal Domicile
Oh
Voting Board Members
12
Independent Board Members
12
Employees
8
Volunteers
0

Preparer

Firm
Rea & Associates Inc
Address
6300 ROCKSIDE RD SUITE 100, CLEVELAND, OH 44131
Preparer
Judith a Mondry CPA
Phone
2165732330
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Statistical services 71,020. Equipment lease & maintenance 27,981. Web expense and development 24,749. Consulting fees 18,486. Subscriptions 12,604. Environmental, industrial relations, safety services 11,908. Telephone 10,392. Uncollectible dues 10,191. Productions department expense 2,687. Affiliated organizations 2,620. Staff training 898. Marketing and public relations 501.”

Form 990, Part XII Line 2C, No Change in Process

“The organization has not changed its oversight process or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“The entity follows fasb asc 740-10, "accounting for uncertainty in income taxes," which prescribes a recognition threshold that a tax position is required to meet before being recognized in the financial statements and provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure, and transition issues. Management has evaluated and concluded that there were no material uncertain tax positions requiring recognition in the accompanying financial statements.”

Raw XML AppendixShowing 400 of 501 raw XML fields

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IRS990/OfficeExpensesGrp/TotalAmt042261
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt091858
IRS990/OtherExpensesGrp/Desc0PROXY TAX
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP SERVICES
IRS990/OtherExpensesGrp/Desc2FIERF
IRS990/OtherExpensesGrp/Desc3GOVERNMENT AFFAIRS SVCS
IRS990/OtherExpensesGrp/TotalAmt026152
IRS990/OtherExpensesGrp/TotalAmt1130619
IRS990/OtherExpensesGrp/TotalAmt2111898
IRS990/OtherExpensesGrp/TotalAmt375000
IRS990/OtherRevenueMiscGrp/BusinessCd0541800
IRS990/OtherRevenueMiscGrp/BusinessCd1541900
IRS990/OtherRevenueMiscGrp/Desc0ADVERTISING INCOME
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07778
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0120570
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt17778
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0120570
IRS990/OtherRevenueTotalAmt0128348
IRS990/OtherSalariesAndWagesGrp/TotalAmt0687846
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt043516
IRS990/PensionPlanContributionsGrp/TotalAmt034835
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0112446
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0215199
IRS990/PrincipalOfficerNm0JAMES R WARREN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & EDUCATIONAL
IRS990/ProgramServiceRevenueGrp/Desc1MEETING INCOME
IRS990/ProgramServiceRevenueGrp/Desc2SALE OF PUBLICATIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0109960
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt166390
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21536
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0109960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt166390
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21536
IRS990/ProgSrvcAccomActy2Grp/Desc0HELD FORMAL SEMINARS FOR FORGING COMPANY PERSONNEL SUCH AS FORGING DIE DESIGN, PRESS DIE DESIGN AND INDUSTRIAL PLANT TRAINING. COLLECTED AND DISTRIBUTED INDUSTRY SAFETY AWARENESS INFORMATION.
IRS990/ProgSrvcAccomActy3Grp/Desc0CONDUCTED MEETINGS, CONFERENCES AND SEMINARS FOR FORGING INDUSTRY PERSONNEL ON INDUSTRY-RELATED TOPICS INCLUDING: PLANT ENGINEERING, TECHNICAL, MARKETING, AND ADMINISTRATIVE MANAGEMENT.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01268387
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt047805
IRS990/PYOtherExpensesAmt01163170
IRS990/PYOtherRevenueAmt062488
IRS990/PYProgramServiceRevenueAmt0412043
IRS990/PYRevenuesLessExpensesAmt0-309724
IRS990/PYSalariesCompEmpBnftPaidAmt0937277
IRS990/PYTotalExpensesAmt02100447
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01790723
IRS990/ReconcilationRevenueExpnssAmt0-56270
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01028939
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01650286
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt01212061
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt016480
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt016480
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/TaxableAmt016480
IRS990ScheduleD/EquipmentGrp/BookValueAmt020716
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0128706
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0149422
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01726189
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010111
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt010111
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0607676
IRS990ScheduleD/RevenueNotReportedAmt0607676
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01669919
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENTITY FOLLOWS FASB ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," WHICH PRESCRIBES A RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS AND PROVIDES GUIDANCE ON DERECOGNITION, MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION ISSUES. MANAGEMENT HAS EVALUATED AND CONCLUDED THAT THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020716
IRS990ScheduleD/TotalExpensesPerForm990Amt01726189
IRS990ScheduleD/TotalRevenuePerForm990Amt01669919
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02277595
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01726189
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0265217
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1201634
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt013450
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt18628
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt027575
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt129482
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES R WARREN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOSEPH BONI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO/COO/SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0306242
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1239744
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP ELECTS MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS APPROVE BUDGETS AND CHANGES IN DUES STRUCTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DRAFT OF THE FORM 990 WAS REVIEWED BY THE CFO PRIOR TO FINAL COMPLETION OF THE RETURN. UPON APPROVAL BY THE CFO THE 990 WAS COMPLETED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EMPLOYEES RECEIVE AND MUST ACKNOWLEDGE THAT THEY HAVE READ THE POLICY. MANAGEMENT MONITORS EMPLOYEES FOR COMPLIANCE WITH POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A SURVEY OF OTHER ORGANIZATIONS IS TAKEN AND EVALUATED IN DETERMINING SALARY LEVEL FOR FORGING INDUSTRY ASSOCIATION PRESIDENT. SALARY OF THE PRESIDENT IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE AVAILABLE BY REQUEST OF THE CFO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7STATISTICAL SERVICES 71,020. EQUIPMENT LEASE & MAINTENANCE 27,981. WEB EXPENSE AND DEVELOPMENT 24,749. CONSULTING FEES 18,486. SUBSCRIPTIONS 12,604. ENVIRONMENTAL, INDUSTRIAL RELATIONS, SAFETY SERVICES 11,908. TELEPHONE 10,392. UNCOLLECTIBLE DUES 10,191. PRODUCTIONS DEPARTMENT EXPENSE 2,687. AFFILIATED ORGANIZATIONS 2,620. STAFF TRAINING 898. MARKETING AND PUBLIC RELATIONS 501.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII LINE 2C, NO CHANGE IN PROCESS
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FORGING INDUSTRY EDUCATIONAL AND RESEARCH FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0346556992
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO SUPPORT AND ENHANCE THE FORGING INDUSTRY THROUGH EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)(3) TYPE II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt025 PROSPECT AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CLEVELAND

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,467,181
Liabilities
$1,426,728
Net assets
$5,040,453
Revenue
$1,669,919
Expenses
$1,726,189
Net income
-$56,270
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.93$0.69$5.24$4.53$3.25$1.28
2021Detailed filing. Detailed filing data is available for this year.$6.47$1.43$5.04$1.67$1.73$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.59$0.10$4.49$1.79$2.10$0.31
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.87$0.22$4.65$3.70$2.85$0.84
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.99$0.14$3.85$2.09$2.09$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.88$0.07$3.81$3.39$2.53$0.86
2014Detailed filing. Detailed filing data is available for this year.$3.00$0.50$2.50$2.18$2.47$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$0.32$2.70$2.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$0.59$2.34$2.98