Civic Intelligence

Precision Metalforming Association Educational Foundation

990 • Fiscal year 2017 • EIN 34-1332388

Apr 01, 2016 to Mar 31, 2017 • Filed on Jan 31, 2018

Organization ProfileN/A
6363 Oak Tree BlvdIndependence, OH 44131

(216) 901-8800

Siviq Scores

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

Liabilities / Assets

40th percentile

0.04x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

0.44x

Higher debt load relative to revenue than 76% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

10th percentile

-31%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

46th percentile

$54,000

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

40th percentile

0.2%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

75th percentile

22%

Faster revenue growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$3,174,452

Up $7,658 (+0.2%) from 2016

Net Assets

Down

$3,037,704

Down $26,609 (-0.9%) from 2016

Liabilities

Up

$136,748

Up $34,267 (+33%) from 2016

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin10th percentile

Revenue

Up

$313,293

Up $56,490 (+22%) from 2016

Expenses

Up

$409,647

Up $221,188 (+117%) from 2016

Net Income

Down

-$96,354

Down $164,698 (-241%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $3,141,977Liabilities 2015: $111,791Net Assets 2015: $3,030,1862015Assets 2016: $3,166,794Liabilities 2016: $102,481Net Assets 2016: $3,064,3132016Assets 2017: $3,174,452Liabilities 2017: $136,748Net Assets 2017: $3,037,7042017Assets 2018: $2,744,149Liabilities 2018: $177,782Net Assets 2018: $2,566,3672018Assets 2019: $2,665,760Liabilities 2019: $258,403Net Assets 2019: $2,407,3572019Assets 2020: $2,182,997Liabilities 2020: $159,073Net Assets 2020: $2,023,9242020Assets 2021: $2,666,321Liabilities 2021: $106,343Net Assets 2021: $2,559,9782021Assets 2022: $2,730,586Liabilities 2022: $104,867Net Assets 2022: $2,625,7192022Assets 2023: $2,305,422Liabilities 2023: $38,144Net Assets 2023: $2,267,2782023Assets 2025: $2,331,294Liabilities 2025: $7,813Net Assets 2025: $2,323,4812025

Highlighted filing

2017

Assets$3,174,452
Liabilities$136,748
Net Assets$3,037,704
Open 2017 Filing

Operations Trend

Revenue Growth75th percentile

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

$1.0M$500K$0-$500KRevenue 2015: $211,532Expenses 2015: $150,301Net Income 2015: $61,2312015Revenue 2016: $256,803Expenses 2016: $188,459Net Income 2016: $68,3442016Revenue 2017: $313,293Expenses 2017: $409,647Net Income 2017: -$96,3542017Revenue 2018: $689,511Expenses 2018: $951,966Net Income 2018: -$262,4552018Revenue 2019: $612,441Expenses 2019: $820,915Net Income 2019: -$208,4742019Revenue 2020: $163,672Expenses 2020: $239,355Net Income 2020: -$75,6832020Revenue 2021: $75,756Expenses 2021: $126,176Net Income 2021: -$50,4202021Revenue 2022: $263,868Expenses 2022: $173,379Net Income 2022: $90,4892022Revenue 2023: $164,709Expenses 2023: $342,973Net Income 2023: -$178,2642023Revenue 2025: $218,743Expenses 2025: $256,814Net Income 2025: -$38,0712025

Highlighted filing

2017

Revenue$313,293
Expenses$409,647
Net Income-$96,354
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Jan 31, 2018
Return Version
2016v3.0
Gross Receipts
$669,192
Mission and Program Overview

Mission

To enhance the supply of skilled workers by supporting training and education programs and by improving the public image and awareness of careers in metalforming.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,049,955$3,122,735▲ $72,780
Cash and Non-Interest-Bearing Accounts$94,975$46,717▼ $48,258
Investments Other Securities$21,864$5,000▼ $16,864
Total Assets$3,166,794$3,174,452▲ $7,658
Liabilities
Accounts Payable and Accrued Expenses$100,898$136,248▲ $35,350
Deferred Revenue$1,583$500▼ $1,083
Total Liabilities$102,481$136,748▲ $34,267
Net Assets / Fund Balance
Unrestricted Net Assets$2,485,529$2,561,424▲ $75,895
Permanently Rstr Net Assets$466,467$466,467→ $0
Temporarily Rstr Net Assets$112,317$9,813▼ $102,504
Total Net Assets Fund Balance$3,064,313$3,037,704▼ $26,609
Total Liabilities and Net Assets / Fund Balance$3,166,794$3,174,452▲ $7,658

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,057,108$3,000--$2,060,108
2015$2,053,108$4,000--$2,057,108
2014$2,050,108$3,000--$2,053,108
2013$2,042,108$8,000--$2,050,108
2012$2,042,108-▲ $37,522$37,522$2,042,108
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeOtherTotal
David SansoneExecutive DirectorPT$54,000$54,000

Board Members and Trustees

NameTitle
Chuck CederbergTrustee
Dan ErbTrustee
Erick AjaxTrustee
James PiperTrustee
Jeffrey S ClarkTrustee
Jennifer McnellyTrustee
Michael San FilippoTrustee
Mike LauberTrustee
Rich KellyTrustee
Ron LowryTrustee
Troy RobertsTrustee
Virgil DelayTrustee
William HickeyTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$22,784
Program Service Revenue
$0
Investment Income
$290,384
Other Revenue
$125
All Other Contributions
$22,784
Change in Net Assets
$-96,354

Audited Revenue Reconciliation

Revenue per Audited Statements
$313,293
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$69,745
Total Revenue per Audited Statements
$383,038
Total Revenue per Form 990
$313,293
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$205,000
Other Expenses$143,385
Total Fundraising Expense$126,365
Salaries, Compensation, and Employee Benefits$61,262
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$205,000--$205,000
Current Officers, Directors, Trustees, and Key Employees$10,469$31,406$10,469$52,344
Fees for Service Investment Mgmnt Fees-$17,713-$17,713
Fees for Services Accounting-$6,526-$6,526
Other Employee Benefits$927$2,781$927$4,635
Payroll Taxes$857$2,569$857$4,283
Travel$843$2,529$843$4,215
Conferences and Meetings$269$807$269$1,345
Other Expenses$146$440$146$732
Total Functional Expenses$218,511$64,771$126,365$409,647

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$409,647
Total Expenses per Audited Statements$409,647
Total Expenses per Form 990$409,647
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Precision Metalforming AssociationIndependence, OH501(c)(6)Mgmt.dev.trng.$71,000
National Institute for Metalworking SkillsFairfax, VA501(c)(3)Training$10,000
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“Members of the organization - the organization has 2 classes of members: the sustaining member and the supporting members. The sustaining member is precision metalforming association, a section 501(c)(6) trade association. The supporting members are made up of the following categories: founding members, the institutional partnership member, the industry partner member, the educational partner member, and the friend of the foundation member. Currently, the only active supporting members are the founding members.”

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

“Powers of the members - the sustaining member (precision metalforming association) appoints the sustaining trustees. The supporting members elect the supporting trustees, with each supporting member entitled to one vote.”

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

“Form 990 review - the foundation's board of directors has authorized the audit committee to review form 990 prior to filing.”

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

“Monitoring and enforcement of conflict policy - the foundation is a supporting organization of precision metalforming association and, as such, maintains a close relationship with the association. The association's operating system requires use of purchasing procedures with approvals of all purchases by the appropriate individuals which are subject to internal audit and review by independent persons.”

Form 990, Part VI, Section C, line 19

“Availability of documents - the foundation makes its governing documents, financial statements and conflict policy available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Precision Metalforming Association
EIN
34-1332388
Phone
2169018800
Address
6363 OAK TREE BLVD, INDEPENDENCE, OH 44131

Signing Officer

Name
Roy Hardy
Title
President
Phone
2169018800
Signed
2018-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roy Hardy
Formed
1980
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
15

Preparer

Firm
Maloney Novotny LLC
Address
1111 Superior Ave Suite 700, Cleveland, OH 44114-2540
Preparer
Christopher B Anderson
Phone
2163630100
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“Fin 48(asc 740) footnote - tax status: the foundation is a not-for-profit organization that is tax exempt under section 501(c)(3) of the internal revenue code. It has been recognized as a non-private foundation under section 509(a)(3) of the code because of its relationship with precision metalforming association. The foundation believes that it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements. As of march 31, 2017, the foundation's income tax years from march 31, 2014 and thereafter remain subject to examination by the internal revenue service, as well as various state and local taxing authorities.”

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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0927
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02781
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0927
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04635
IRS990/OtherExpensesGrp/Desc0FUNDRAISING
IRS990/OtherExpensesGrp/Desc1OFFICE OPERATIONS
IRS990/OtherExpensesGrp/FundraisingAmt0112854
IRS990/OtherExpensesGrp/FundraisingAmt1146
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0440
IRS990/OtherExpensesGrp/ProgramServicesAmt0146
IRS990/OtherExpensesGrp/TotalAmt0112854
IRS990/OtherExpensesGrp/TotalAmt1732
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC.
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0125
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0125
IRS990/OtherRevenueTotalAmt0125
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0857
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02569
IRS990/PayrollTaxesGrp/ProgramServicesAmt0857
IRS990/PayrollTaxesGrp/TotalAmt04283
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0466467
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0466467
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROY HARDY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0111922
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt097430
IRS990/PYInvestmentIncomeAmt0144381
IRS990/PYOtherExpensesAmt041065
IRS990/PYOtherRevenueAmt0500
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt068344
IRS990/PYSalariesCompEmpBnftPaidAmt049964
IRS990/PYTotalExpensesAmt0188459
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0256803
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-96354
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0125
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION SUPPORTS PRECISION METALFORMING ASSOCIATION ("PMA") WHICH IS A SECTION 501(c)(6) ORGANIZATION. ALTHOUGH THE QUESTIONS IN PART IV, LINE 3 ALLOW FOR A SUPPORTING ORGANIZATION RELATIONSHIP TO EXIST BETWEEN A SECTION 501(c)(3) ENTITY AND A SECTION 501(c)(6) ENTITY, PART I, LINE 11G (III) DOES NOT ALLOW US TO INDICATE THAT THE SUPPORTED ORGANIZATION IS A SECTION 501(c)(6) ORGANIZATION. AS SUCH, WE HAVE USED CODE "9" FOR QUESTION 11G (III) SINCE PMA MEETS THE REQUIREMENTS OF SECTION 509(a)(2), AS SPECIFIED BELOW.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION SUPPORTS THE EDUCATIONAL PURPOSES OF PRECISION METALFORMING ASSOCIATION ("PMA"), WHICH IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(6). AS A SECTION 501(C)(6) ORGANIZATION, PMA CANNOT OBTAIN A DETERMINATION REGARDING ITS STATUS AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTIONS 509(A)(1) OR 509(A)(2). HOWEVER, AS DESCRIBED IN OUR NARRATIVE BELOW FOR PART IV, LINE 3B, PMA ANNUALLY PERFORMS THE PUBLIC SUPPORT TEST OF SECTION 509(A)(2) TO ENSURE THAT IT CONTINUES TO MEET THE REQUIREMENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2WITH THE ASSISTANCE OF THE OUTSIDE PUBLIC ACCOUNTING FIRM, PRECISION METALFORMING ASSOCIATION ("PMA") PERFORMS THE PUBLIC SUPPORT TEST UNDER SECTION 509(A)(2) TO ENSURE THAT IT CONTINUES TO PASS THE 2 TESTS OF THAT CODE SECTION. PMA PERFORMS THE SECTION 509(A)(2) PUBLIC SUPPORT TEST ANNUALLY. PMA HAS A DETERMINATION LETTER FROM THE IRS SHOWING THAT IT IS TAX-EXEMPT UNDER CODE SECTION 501(C)(6). FURTHER, PMA ANNUALLY CHECKS "IRS SELECT CHECK" TO ENSURE THAT ITS TAX-EXEMPT STATUS HAS NOT BEEN AUTOMATICALLY REVOKED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3PRECISION METALFORMING ASSOCIATION ("PMA") AND THE FOUNDATION SHARE EMPLOYEES AND ACCOUNTING SOFTWARE. FOR SUPPORT THAT PMA RECEIVES DIRECTLY FROM THE FOUNDATION, PERSONNEL ENSURE THAT THESE FUNDS ARE SPENT EXCLUSIVELY FOR EDUCATIONAL PURPOSES IN ACCORDANCE WITH CODE SECTION 170(C)(2)(B). THE FOUNDATION ALSO MAKES GRANTS TO UNRELATED ORGANIZATIONS FOR EDUCATIONAL PROGRAMS AND REQUIRES GRANTEES TO SUBMIT PERIODIC REPORTS WHICH DESCRIBE HOW THE FUNDS WERE SPENT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt4THE FOUNDATION HAS A SIGNIFICANT VOICE IN THE AFFAIRS OF PRECISION METALFORMING ASSOCIATION ("PMA"), THE SUPPORTED ORGANIZATION, BECAUSE PMA HAS THE POWER TO APPOINT 6 OF THE 15 BOARD MEMBERS OF THE FOUNDATION. ADDITIONALLY, THE FOUNDATION PROVIDES IMPORTANT FUNDING FOR EDUCATIONAL PROGRAMS THAT BENEFIT THE PRECISION METALFORMING INDUSTRY. WITHOUT THE SUPPORT OF THE FOUNDATION, PMA WOULD HAVE TO RAISE MONEY TO CONDUCT THESE PROGRAMS ON ITS OWN.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt5AS NOTED ABOVE, THE FOUNDATION PROVIDED FUNDING FOR EDUCATIONAL PROGRAMS FOR THE METALFORMING INDUSTRY, AND WITHOUT SUCH SUPPORT, PRECISION METALFORMING ASSOCIATION ("PMA"), THE SUPPORTED ORGANIZATION, WOULD HAVE TO RAISE THE FUNDS FOR THESE PROGRAMS ON ITS OWN. EDUCATIONAL PROGRAMS ARE A SIGNIFICANT ACTIVITY FOR PMA'S MEMBERS, AND AS SUCH, PMA IS RESPONSIVE AND ATTENTIVE TO THE FOUNDATION. RAISING AND PROVIDING FUNDS FOR EDUCATIONAL PROGRAMS CONSTITUTED THE MOST SIGNIFICANT ACTIVITIES OF THE FOUNDATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt6AS NOTED ABOVE, THE FOUNDATION PROVIDES NEEDED FUNDING TO PRECISION METALFORMING ASSOCIATION ("PMA"), THE SUPPORTED ORGANIZATION, FOR EDUCATIONAL PROGRAMS FOR THE METALFORMING INDUSTRY. WITHOUT THE FOUNDATION'S INVOLVEMENT, PMA WOULD HAVE TO CONDUCT THESE ACTIVITIES ITSELF SINCE EDUCATIONAL PROGRAMS ARE A SIGNIFICANT PART OF PROMOTING THE INDUSTRY OF PMA'S MEMBERS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART I, LINE 11G (III):
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SEC. A, LINE 2 - PUBLIC CHARITY STATUS:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SEC. A, LINE 3B - SEC. 509(A)(2) TEST:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3PART IV, SEC. A, LINE 3C - VERIFICATION OF USES OF SUPPORT:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc4PART IV, SEC. D, LINE 3 - SIGNIFICANT VOICE:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc5PART IV, SEC. E, LINE 2A - FURTHERING EXEMPT PURPOSES:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc6PART IV, SEC. E, LINE 2B - ACTIVITIES OF SUPPORTED ORG.:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0340639124
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt071000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PRECISION METALFORMING ASSOc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt071000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.77360
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02057108
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt03000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02060108
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02053108
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt04000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02057108
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02050108
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02053108
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02042108
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt08000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02050108
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02042108
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02042108
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt037522
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt037522
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0409647
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt069745
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.22640
IRS990ScheduleD/RevenueNotReportedAmt069745
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0313293
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48(ASC 740) FOOTNOTE - TAX STATUS: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT HAS BEEN RECOGNIZED AS A NON-PRIVATE FOUNDATION UNDER SECTION 509(A)(3) OF THE CODE BECAUSE OF ITS RELATIONSHIP WITH PRECISION METALFORMING ASSOCIATION. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. AS OF MARCH 31, 2017, THE FOUNDATION'S INCOME TAX YEARS FROM MARCH 31, 2014 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0409647
IRS990ScheduleD/TotalRevenuePerForm990Amt0313293
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0383038
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0409647
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt171000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(6)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TRAINING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1MGMT.DEV.TRNG.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NATIONAL INSTITUTE FOR METALWORKING SKILLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1PRECISION METALFORMING ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientEIN0521933455
IRS990ScheduleI/RecipientTable/RecipientEIN1340639124
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt010565 FAIRFAX BLVD 203
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt16363 OAK TREE BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FAIRFAX
IRS990ScheduleI/RecipientTable/USAddress/CityNm1INDEPENDENCE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022030
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd144131
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0BECAUSE OF THE "SUPPORTING ORGANIZATION" RELATIONSHIP WITH PRECISION METALFORMING ASSOCIATION, THE FOUNDATION IS ASSURED THAT ITS GRANT FUNDS ARE SPENT FOR EDUCATIONAL PURPOSES. FOR OTHER ORGANIZATIONS, THE FOUNDATION MONITORS THE USE OF ITS GRANT FUNDS BY REQUESTING REPORTS FROM RECIPIENTS WHICH DESCRIBE HOW THE FUNDS WERE SPENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2 - MONITORING USE OF GRANT FUNDS:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE ORGANIZATION - THE ORGANIZATION HAS 2 CLASSES OF MEMBERS: THE SUSTAINING MEMBER AND THE SUPPORTING MEMBERS. THE SUSTAINING MEMBER IS PRECISION METALFORMING ASSOCIATION, A SECTION 501(C)(6) TRADE ASSOCIATION. THE SUPPORTING MEMBERS ARE MADE UP OF THE FOLLOWING CATEGORIES: FOUNDING MEMBERS, THE INSTITUTIONAL PARTNERSHIP MEMBER, THE INDUSTRY PARTNER MEMBER, THE EDUCATIONAL PARTNER MEMBER, AND THE FRIEND OF THE FOUNDATION MEMBER. CURRENTLY, THE ONLY ACTIVE SUPPORTING MEMBERS ARE THE FOUNDING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POWERS OF THE MEMBERS - THE SUSTAINING MEMBER (PRECISION METALFORMING ASSOCIATION) APPOINTS THE SUSTAINING TRUSTEES. THE SUPPORTING MEMBERS ELECT THE SUPPORTING TRUSTEES, WITH EACH SUPPORTING MEMBER ENTITLED TO ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 REVIEW - THE FOUNDATION'S BOARD OF DIRECTORS HAS AUTHORIZED THE AUDIT COMMITTEE TO REVIEW FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MONITORING AND ENFORCEMENT OF CONFLICT POLICY - THE FOUNDATION IS A SUPPORTING ORGANIZATION OF PRECISION METALFORMING ASSOCIATION AND, AS SUCH, MAINTAINS A CLOSE RELATIONSHIP WITH THE ASSOCIATION. THE ASSOCIATION'S OPERATING SYSTEM REQUIRES USE OF PURCHASING PROCEDURES WITH APPROVALS OF ALL PURCHASES BY THE APPROPRIATE INDIVIDUALS WHICH ARE SUBJECT TO INTERNAL AUDIT AND REVIEW BY INDEPENDENT PERSONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABILITY OF DOCUMENTS - THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,174,452
Liabilities
$136,748
Net assets
$3,037,704
Revenue
$313,293
Expenses
$409,647
Net income
-$96,354
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.01$2.32$0.22$0.26$0.04
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.04$2.27$0.16$0.34$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.73$0.10$2.63$0.26$0.17$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.11$2.56$0.08$0.13$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$0.16$2.02$0.16$0.24$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$0.26$2.41$0.61$0.82$0.21
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$0.18$2.57$0.69$0.95$0.26
2017Detailed filing. Detailed filing data is available for this year.$3.17$0.14$3.04$0.31$0.41$0.10
2016Detailed filing. Detailed filing data is available for this year.$3.17$0.10$3.06$0.26$0.19$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.14$0.11$3.03$0.21$0.15$0.06