Civic Intelligence

Precision Metalforming Association Educational Foundation

990 • Fiscal year 2019 • EIN 34-1332388

Apr 01, 2018 to Mar 31, 2019 • Filed on Feb 12, 2020

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

53rd percentile

0.10x

Higher debt load relative to assets than 53% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.42x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

9th percentile

-34%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

27th percentile

-2.9%

Faster asset growth than 27% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

21st percentile

-11%

Faster revenue growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$2,665,760

Down $78,389 (-2.9%) from 2018

Net Assets

Down

$2,407,357

Down $159,010 (-6.2%) from 2018

Liabilities

Up

$258,403

Up $80,621 (+45%) from 2018

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin9th percentile

Revenue

Down

$612,441

Down $77,070 (-11%) from 2018

Expenses

Down

$820,915

Down $131,051 (-14%) from 2018

Net Income

Up

-$208,474

Up $53,981 (+21%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth27th 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

2019

Assets$2,665,760
Liabilities$258,403
Net Assets$2,407,357
Open 2019 Filing

Operations Trend

Revenue Growth21st 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

2019

Revenue$612,441
Expenses$820,915
Net Income-$208,474
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Feb 12, 2020
Return Version
2018v3.1
Gross Receipts
$1,576,629
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$2,464,085$2,171,083▼ $293,002
Pledges and Grants Receivable$166,529$434,611▲ $268,082
Cash and Non-Interest-Bearing Accounts$108,535$54,847▼ $53,688
Investments Other Securities$5,000$5,219▲ $219
Total Assets$2,744,149$2,665,760▼ $78,389
Liabilities
Accounts Payable and Accrued Expenses$177,782$258,403▲ $80,621
Total Liabilities$177,782$258,403▲ $80,621
Net Assets / Fund Balance
Unrestricted Net Assets$1,929,721$1,502,629▼ $427,092
Permanently Rstr Net Assets$466,467$466,467→ $0
Temporarily Rstr Net Assets$170,179$438,261▲ $268,082
Total Net Assets Fund Balance$2,566,367$2,407,357▼ $159,010
Total Liabilities and Net Assets / Fund Balance$2,744,149$2,665,760▼ $78,389

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,062,108$2,000--$2,064,108
2017$2,060,108$2,000--$2,062,108
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
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Erick AjaxChairman
Bill HickeyTrustee
Chuck CederbergTrustee
Doug GroomTrustee
James PiperTrustee
Jeffrey S ClarkTrustee
Jody FleddermanTrustee
Mary HofstraTrustee
Michael AznavorianTrustee
Richard P KellyTrustee
Troy RobertsTrustee
Troy TurnbullTrustee
Virgil DelayTrustee
William J Adler JrTrustee
William R SmithTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$452,297
Program Service Revenue
$0
Investment Income
$160,144
Other Revenue
$0
All Other Contributions
$452,297
Change in Net Assets
$-208,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$612,441
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$49,464
Total Revenue per Audited Statements
$661,905
Total Revenue per Form 990
$612,441
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$587,552
Salaries, Compensation, and Employee Benefits$165,012
Other Expenses$68,351
Total Fundraising Expense$24,561
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$587,552--$587,552
Current Officers, Directors, Trustees, and Key Employees$125,755$16,245-$142,000
Fees for Services Other$11,062$1,429$10,218$22,709
Fees for Service Investment Mgmnt Fees-$14,056-$14,056
Other Employee Benefits$10,324$1,334-$11,658
Payroll Taxes$10,055$1,299-$11,354
Other Expenses$7,591$981$10,420$8,572
Fees for Services Accounting$3,385$437$3,127$6,949
Travel-$3,944$796$4,740
Conferences and Meetings-$905-$905
Total Functional Expenses$755,724$40,630$24,561$820,915

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$820,915
Total Expenses per Audited Statements$820,915
Total Expenses per Form 990$820,915
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.$587,552
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
Mark Getsay
Title
CFO
Phone
2169018800
Signed
2020-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Getsay
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, 2018, the foundation's income tax years from march 31, 2015 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/MissionDesc0TO ENHANCE THE SUPPLY OF SKILLED WORKERS BY SUPPORTING TRAINING AND EDUCATION PROGRAMS AND BY IMPROVING THE PUBLIC IMAGE AND AWARENESS OF CAREERS IN METALFORMING.
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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/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0587552
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PRECISION METALFORMING ASSOC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0587552
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.77400
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02062108
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02064108
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02060108
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02062108
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02057108
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02060108
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02053108
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt04000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02057108
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02050108
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02053108
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IRS990ScheduleD/ExpensesSubtotalAmt0820915
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt049464
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.22600
IRS990ScheduleD/RevenueNotReportedAmt049464
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0612441
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, 2018, THE FOUNDATION'S INCOME TAX YEARS FROM MARCH 31, 2015 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:
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IRS990ScheduleD/TotalExpensesPerForm990Amt0820915
IRS990ScheduleD/TotalRevenuePerForm990Amt0612441
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0661905
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0820915
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0587552
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(6)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MGMT.DEV.TRNG.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PRECISION METALFORMING ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientEIN0340639124
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt06363 OAK TREE BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0INDEPENDENCE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd044131
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/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

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,665,760
Liabilities
$258,403
Net assets
$2,407,357
Revenue
$612,441
Expenses
$820,915
Net income
-$208,474
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
2019Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $1M-$5M nonprofits