Civic Intelligence

Forging Industry Association

990 • Fiscal year 2023 • EIN 34-0821275

Jun 01, 2022 to May 31, 2023 • Filed on Feb 27, 2024

Organization ProfileWWW.FORGING.ORG

View Organization Page

6363 Oak Tree BoulevardIndependence, OH 44131

(216) 781-6260

Siviq Scores

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

Liabilities / Assets

60th percentile

0.27x

Higher debt load relative to assets than 60% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

60th percentile

0.42x

Higher debt load relative to revenue than 60% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Net Margin

49th percentile

4.2%

Higher net margin than 49% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

67th percentile

$347,138

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Asset Growth

81st percentile

22%

Faster asset growth than 81% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

34th percentile

1.7%

Faster revenue growth than 34% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$7,204,225

Up $1,279,097 (+22%) from 2022

Net Assets

Up

$5,253,056

Up $16,454 (+0.3%) from 2022

Liabilities

Up

$1,951,169

Up $1,262,643 (+183%) from 2022

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin49th percentile

Revenue

Up

$4,603,363

Up $77,446 (+1.7%) from 2022

Expenses

Up

$4,411,554

Up $1,165,921 (+36%) from 2022

Net Income

Down

$191,809

Down $1,088,475 (-85%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth81st 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: $5,236,6022022Assets 2023: $7,204,225Liabilities 2023: $1,951,169Net Assets 2023: $5,253,0562023

Highlighted filing

2023

Assets$7,204,225
Liabilities$1,951,169
Net Assets$5,253,056
Open 2023 Filing

Operations Trend

Revenue Growth34th 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: $1,280,2842022Revenue 2023: $4,603,363Expenses 2023: $4,411,554Net Income 2023: $191,8092023

Highlighted filing

2023

Revenue$4,603,363
Expenses$4,411,554
Net Income$191,809
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Feb 27, 2024
Return Version
2022v5.0
Gross Receipts
$5,034,451
Mission and Program Overview

Mission

Improve members' global competetiveness.

Improve member's global competitiveness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,229,410$4,200,735▼ $28,675
Savings and Temporary Cash Investments$1,101,169$1,400,277▲ $299,108
Cash and Non-Interest-Bearing Accounts$120,098$169,717▲ $49,619
Pledges and Grants Receivable-$148,304-
Accounts Receivable$264,213$129,755▼ $134,458
Prepaid Expenses and Deferred Charges$185,684$98,113▼ $87,571
Land, Buildings, and Equipment, Net$24,554$24,781▲ $227
Total Assets$5,925,128$7,204,225▲ $1,279,097
Other Assets Total$0$1,032,543▲ $1,032,543
Liabilities
Other Liabilities$0$1,050,535▲ $1,050,535
Accounts Payable and Accrued Expenses$202,291$795,740▲ $593,449
Deferred Revenue$486,235$104,894▼ $381,341
Total Liabilities$688,526$1,951,169▲ $1,262,643
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,236,602$5,253,056▲ $16,454
Total Net Assets Fund Balance$5,236,602$5,253,056▲ $16,454
Total Liabilities and Net Assets / Fund Balance$5,925,128$7,204,225▲ $1,279,097

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,781$147,560$172,341
Leasehold Improvements$0$10,111$10,111
Other Assets Org$1,032,543--
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James R WarrenPresident/CEOFT$263,544$48,880$312,424
Andrew ZielinskiCFOPT$80,421$39,054$119,475

Board Members and Trustees

NameTitle
Dan UlvenChairman
Chelsea LanttoVice Chairman & Secretary
Antonio AlvarezBoard Member
James RomeoBoard Member
Jim KravecBoard Member
John CowardBoard Member
Mark CandyBoard Member
Mark DerryBoard Member
Mike MorgusBoard Member
Perry BennetBoard Member
Peter CampbellBoard Member
Scott NaarBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,487,879
Program Service Revenue
$2,863,845
Investment Income
$158,141
Other Revenue
$93,498
Change in Net Assets
$191,809

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,603,363
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-162,170
Total Revenue per Audited Statements
$4,441,193
Total Revenue per Form 990
$4,603,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,191,859
Salaries, Compensation, and Employee Benefits$1,219,695
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$1,783,754
Other Salaries and Wages---$542,329
Current Officers, Directors, Trustees, and Key Employees---$417,225
Fees for Services Other---$193,003
Information Technology---$167,044
Payments to Affiliates---$156,807
Other Employee Benefits---$146,817
Fees for Services Lobbying---$114,062
All Other Expenses---$106,756
Occupancy---$100,732
Travel---$91,059
Other Expenses---$67,812
Payroll Taxes---$65,137
Pension Plan Contributions---$48,187
Fees for Services Accounting---$47,100
Advertising---$35,100
Insurance---$27,565
Office Expenses---$23,808
Depreciation Depletion---$10,393
Fees for Services Legal---$9,218
Total Functional Expenses$0$0$0$4,411,554

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,424,739
Total Expenses per Audited Statements$4,424,739
Total Expenses per Form 990$4,411,554
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-13,185
Other Expense Adjustments$-13,185
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$114,062
Total Nondeductible Lobbying and Political Cost$114,062
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,050,535
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 diretors.”

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
6363 OAK TREE BOULEVARD, INDEPENDENCE, OH 44131

Signing Officer

Name
James R Warren
Title
President
Phone
2167816260
Signed
2024-02-27
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
11
Volunteers
12

Preparer

Firm
Rea & Associates Inc
Address
6300 ROCKSIDE RD, CLEVELAND, OH 44131
Preparer
Matthew B Higgins CPA
Phone
2165732330
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Uncollectible dues -13,185.”

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.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Uncollected dues -13,185.”

Raw XML AppendixShowing 400 of 500 raw XML fields

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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt01280974
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0IMPROVE MEMBER'S GLOBAL COMPETETIVENESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05236602
IRS990/NetAssetsOrFundBalancesEOYAmt05253056
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-64576
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-64576
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-162170
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05236602
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05253056
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0100732
IRS990/OfficeExpensesGrp/TotalAmt023808
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt01032543
IRS990/OtherChangesInNetAssetsAmt0-13185
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0146817
IRS990/OtherExpensesGrp/Desc0PROXY TAX
IRS990/OtherExpensesGrp/Desc1RELOCATION EXPENSE
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP SERVICES
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/TotalAmt035549
IRS990/OtherExpensesGrp/TotalAmt1119430
IRS990/OtherExpensesGrp/TotalAmt2102667
IRS990/OtherExpensesGrp/TotalAmt367812
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt01050535
IRS990/OtherRevenueMiscGrp/BusinessCd0541800
IRS990/OtherRevenueMiscGrp/BusinessCd1541900
IRS990/OtherRevenueMiscGrp/Desc0ADVERTISING INCOME
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06736
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt086762
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16736
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt086762
IRS990/OtherRevenueTotalAmt093498
IRS990/OtherSalariesAndWagesGrp/TotalAmt0542329
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt0156807
IRS990/PayrollTaxesGrp/TotalAmt065137
IRS990/PensionPlanContributionsGrp/TotalAmt048187
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0148304
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0185684
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt098113
IRS990/PrincipalOfficerNm0JAMES R WARREN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/Desc0MEETING INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TUITION & EDUCATIONAL
IRS990/ProgramServiceRevenueGrp/Desc2SALE OF PUBLICATIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02572985
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1290540
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2320
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02572985
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1290540
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2320
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01436171
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0640110
IRS990/PYOtherExpensesAmt02303056
IRS990/PYOtherRevenueAmt0106236
IRS990/PYProgramServiceRevenueAmt02343400
IRS990/PYRevenuesLessExpensesAmt01280284
IRS990/PYSalariesCompEmpBnftPaidAmt0942577
IRS990/PYTotalExpensesAmt03245633
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04525917
IRS990/ReconcilationRevenueExpnssAmt0191809
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01101169
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01400277
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt01269568
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt0114062
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt0114062
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/TaxableAmt0114062
IRS990ScheduleD/EquipmentGrp/BookValueAmt024781
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0147560
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0172341
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-13185
IRS990ScheduleD/ExpensesSubtotalAmt04424739
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010111
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt010111
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-162170
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01032543
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ROU ASSETS - OPERATING LEASES
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-13185
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01050535
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt0-162170
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04603363
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/ExplanationTxt1UNCOLLECTED DUES -13,185.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024781
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01032543
IRS990ScheduleD/TotalExpensesPerForm990Amt04411554
IRS990ScheduleD/TotalLiabilityAmt01050535
IRS990ScheduleD/TotalRevenuePerForm990Amt04603363
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04441193
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04424739
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0263544
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt029283
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt013501
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt01500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt035379
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt03931
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES R WARREN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0312424
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt034714
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 DIRETORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE AVAILABLE BY REQUEST OF THE CFO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UNCOLLECTIBLE DUES -13,185.
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 XI, LINE 9:
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/AddressLine1Txt06363 OAK TREE BOULEVARD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDEPENDENCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044131

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,204,225
Liabilities
$1,951,169
Net assets
$5,253,056
Revenue
$4,603,363
Expenses
$4,411,554
Net income
$191,809
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$7.20$1.95$5.25$4.60$4.41$0.19
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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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