Liabilities / Assets
35th percentile
Higher debt load relative to assets than 35% of similar nonprofits.
Aisc Education Foundation Inc
990 • Fiscal year 2014 • EIN 51-0243833
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.03x
Liabilities / Revenue
63rd percentile
Higher debt load relative to revenue than 63% of similar nonprofits.
Net Margin
59th percentile
Higher net margin than 59% of similar nonprofits.
Top Officer Pay
95th percentile
Higher top officer pay than 95% of similar nonprofits.
Top officer pay equals 183.9% of source-year revenue.
Asset Growth
63rd percentile
Faster asset growth than 63% of similar nonprofits.
Revenue Growth
13th percentile
Faster revenue growth than 13% of similar nonprofits.
Balance Sheet
Assets
Up$1,236,373
Up $75,824 (+6.5%) from 2013
Net Assets
Up$1,194,826
Up $60,506 (+5.3%) from 2013
Liabilities
Up$41,547
Up $15,318 (+58%) from 2013
Revenue And Expenses
Revenue
Down$188,010
Down $51,650 (-22%) from 2013
Expenses
Down$177,283
Down $93,526 (-35%) from 2013
Net Income
Up$10,727
Up $41,876 (+134%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- Sep 24, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $188,010
Mission and Program Overview
Mission
The foundation shall operate exclusively for charitable, educational, and scientific purposes within the meaning of 501(c)(3) of the internal revenue code of 1986, as amended. It shall have, without limitation, the following powers: see continued mission on schedule oto receive contributions, to accept, hold, invest, reinvest and administer any gifts, requests, devises, benefits or trusts, and any property of any kind whatsoever, both real and personal, and to use, disburse, or distribute the income or principal thereof for education scholarships and fellowships to further competence, creativity and interest in the fabricated structural steel and engineering design industries and for all other charitable, educational, and scientific purposes allowed by the internal revenue code, and the illinois general not for profit law.
To promote education and provide scholarships to further interest in the fabricated structural steel and engineering design industries.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $1,134,779 | $1,212,802 | ▲ $78,023 |
| Savings and Temporary Cash Investments | $25,770 | $18,571 | ▼ $7,199 |
| Total Assets | $1,160,549 | $1,236,373 | ▲ $75,824 |
| Other Assets Total | $0 | $5,000 | ▲ $5,000 |
| Liabilities | |||
| Other Liabilities | $11,000 | $36,547 | ▲ $25,547 |
| Deferred Revenue | $15,000 | $5,000 | ▼ $10,000 |
| Accounts Payable and Accrued Expenses | $229 | $0 | ▼ $229 |
| Total Liabilities | $26,229 | $41,547 | ▲ $15,318 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $610,368 | $732,752 | ▲ $122,384 |
| Temporarily Rstr Net Assets | $523,952 | $462,074 | ▼ $61,878 |
| Total Net Assets Fund Balance | $1,134,320 | $1,194,826 | ▲ $60,506 |
| Total Liabilities and Net Assets / Fund Balance | $1,160,549 | $1,236,373 | ▲ $75,824 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| William Bourne Iii | Chairman |
| Roger E Ferch | President |
| Terry Peshia | Vice Chairman |
| Jeffrey E Dave | Member |
| David B Ratterman Esq | Secretary |
| John Lusdyk | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $159,348
- Program Service Revenue
- $0
- Investment Income
- $28,662
- Other Revenue
- $0
- All Other Contributions
- $51,700
- Change in Net Assets
- $10,727
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $173,000 |
| Other Expenses | $4,283 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $133,000 | - | - | $133,000 |
| Grants to Domestic Orgs | $40,000 | - | - | $40,000 |
| Office Expenses | - | $2,217 | - | $2,217 |
| Insurance | - | $1,500 | - | $1,500 |
| Fees for Service Investment Mgmnt Fees | - | $566 | - | $566 |
| Total Functional Expenses | $173,000 | $4,283 | $0 | $177,283 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Aisc Holdings Inc | Chicago, IL | 501(c)(6) | Support of University Competition Sponsored by Aisc Holdings, Inc. | $40,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Due to Aisc, LLC | $36,547 |
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 B, Line 11
“The external public accounting firm, sikich llp, prepared the return. Sikich llp forwarded a draft copy of the 990 to aisc education foundation, where aisc staff reviewed internally. Aisc staff forwarded the final copy of the 990 to the board of directors of aisc education foundation. After the board receives the return, it is filed by sikich llp.”
Form 990, Part VI, Section B, Line 12C
“Aisc education foundation, inc.'s conflict of interest policy is the same policy that was created for aisc holdings, inc. The board of directors of aisc education foundation, inc. Is required to sign a conflict of interest acknowledgement each year. If there was a conflict of interest identified, this conflict would be disclosed by the board member. In the event a conflict exists, the board member is not permitted to be involved in meetings related to the conflict. Aisc education foundation, inc. Has not had any conflicts reported. The conflict of interest policy is displayed and emphasized at all meetings.”
Form 990, Part VI, Section C, Line 19
“Aisc education foundation, inc. Makes its articles of incorporation, bylaws, conflict of interest policy, and audited financial statements available upon request to the public.”
Form 990, Part VII
“William bourne iii - 2400 s. Stone mountain lithonia rd., p o box 797, lithonia, ga 30058. Terry peshia - 456 n. Broadway, aurora, il 60505-2643. John lusdyk - 580 middletown blvd, ste. D-100, langhorne, pa 19047. Jeffrey e. Dave - p.o. Box 2630, asheville, nc 28802-2630. David b. Ratterman esq - 400 w. Market st, ste. 1800, louisville, ky 40203.”
Filing and Contact Details
Filer
- Filer Name
- Aisc Education Foundation Inc
- EIN
- 51-0243833
- Phone
- 3126702400
- Address
- 1 E WACKER DRIVE NO 700, CHICAGO, IL 60601-2005
Signing Officer
- Name
- Roger E Ferch
- Title
- President
- Phone
- 3126702400
- Signed
- 2015-09-24
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Roger E Ferch
- Formed
- 1959
- Legal Domicile
- Il
- Voting Board Members
- 5
- Independent Board Members
- 4
- Employees
- 0
- Volunteers
- 5
Preparer
- Firm
- Sikich Llp
- Address
- 1415 W DIEHL RD SUITE 400, NAPERVILLE, IL 60563-2349
- Preparer
- Bryan Pautsch
- Phone
- 6305668400
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 3
“The aisc education foundation, inc. Transferred the administration of the national student bridge competition to aisc, llc. The foundation continues to support the competition by contributing sponsor donations to aisc, llc. The foundation also transferred the administration of the t.r. Higgins lectureship.”
Financial Statement Notes
PART X, LINE 2:
“Aisc holdings, inc. And the foundation have received favorable determination letters from the internal revenue service, stating that they are exempt from federal income taxes under the provisions of sections 501(c)(6) and 501(c)(3), respectively, of the internal revenue code of 1986 (irc), except for income taxes pertaining to unrelated business income. The financial accounting standards board issued guidance that requires tax effects from an uncertain tax position to be recognized in the consolidated financial statements only if the position is more-likely-than-not to be sustained if the position were to be challenged by a taxing authority. Management has determined there are no material uncertain tax positions for the entities included in the consolidated financial statements that require recognition. The tax years ended 2011, 2012, and 2013 are sill open to audit for both federal and state purposes.”
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| IRS990/MissionDesc | 0 | THE FOUNDATION SHALL OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. IT SHALL HAVE, WITHOUT LIMITATION, THE FOLLOWING POWERS:TO RECEIVE CONTRIBUTIONS, TO ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER ANY GIFTS, REQUESTS, DEVISES, BENEFITS OR TRUSTS, AND ANY PROPERTY OF ANY KIND WHATSOEVER, BOTH REAL AND PERSONAL, AND TO USE, DISBURSE, OR DISTRIBUTE THE INCOME OR PRINCIPAL THEREOF FOR EDUCATION SCHOLARSHIPS AND FELLOWSHIPS TO FURTHER COMPETENCE, CREATIVITY AND INTEREST IN THE FABRICATED STRUCTURAL STEEL AND ENGINEERING DESIGN INDUSTRIES AND FOR ALL OTHER CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES ALLOWED BY THE INTERNAL REVENUE CODE, AND THE ILLINOIS GENERAL NOT FOR PROFIT LAW. |
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| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | 1 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | AISC EDUCATIONAL FOUNDATION, INC. PROVIDES COLLEGE SCHOLARSHIPS IN THE AMOUNT OF $133,000 AND $40,000 FOR THE UNIVERSITY BRIDGE COMPETITION SPONSORED BY AISC HOLDINGS, INC. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | ON A YEARLY BASIS, AISC EDUCATION FOUNDATION, INC. VERIFIES WITH AISC HOLDINGS, INC. (THE SUPPORTED ORGANIZATION) THAT IT QUALIFIES AS A 501(C)(6) AND PASSES THE 509(A)(2) TEST. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 2 | THE ORGANIZATION DONATED AMOUNTS TO THE SUPPORTED ORGANIZATION FOR EDUCATIONAL PURPOSES. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | FORM 990, SCHEDULE A, PART I, LINE 11H |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | FORM 990, SCHEDULE A, PART IV, LINE 3B |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 2 | FORM 990, SCHEDULE A, PART IV, LINE 3C |
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| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 130432350 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc | 0 | 9 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 173000 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | AISC HOLDINGS INC |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 173000 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 36547 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO AISC, LLC |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | AISC HOLDINGS, INC. AND THE FOUNDATION HAVE RECEIVED FAVORABLE DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE, STATING THAT THEY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(6) AND 501(C)(3), RESPECTIVELY, OF THE INTERNAL REVENUE CODE OF 1986 (IRC), EXCEPT FOR INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE THAT REQUIRES TAX EFFECTS FROM AN UNCERTAIN TAX POSITION TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS FOR THE ENTITIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS THAT REQUIRE RECOGNITION. THE TAX YEARS ENDED 2011, 2012, AND 2013 ARE SILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 36547 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 0 | 133000 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | UNIVERSITY SCHOLARSHIPS AND FELLOWSHIPS |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 0 | 40 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 40000 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)(6) |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | SUPPORT OF UNIVERSITY COMPETITION SPONSORED BY AISC HOLDINGS, INC. |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | AISC HOLDINGS INC |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 130432350 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 1 EAST WACKER DRIVE STE 700 |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | CHICAGO |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 60601 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOUNDATION AWARDS SCHOLARSHIPS AND FELLOWSHIPS TO UNIVERSITY STUDENTS WHO MEET CERTAIN ACADEMIC CRITERIA. THE APPLICANTS SELECTED ARE DETERMINED BY AN INDEPENDENT JURY COMPRISED OF ACADEMICS AND PROFESSIONALS FROM THE STRUCTURAL ENGINEERING COMMUNITY. THE MONIES ARE MADE PAYABLE DIRECTLY TO THE UNIVERSITY AND CREDITED TO THE WINNER'S ACCOUNT. THE SELECTED WINNERS AND CORRESPONDING UNIVERSITIES ARE NOTIFIED INDEPENDENT OF THE AWARDS. ANY PROBLEMS PERTAINING TO THE POSTING OF THE AWARDS WOULD BE HANDLED DIRECTLY WITH THE UNIVERSITY. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 10000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 301736 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 15600 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 18494 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 345830 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE AISC EDUCATION FOUNDATION, INC. TRANSFERRED THE ADMINISTRATION OF THE NATIONAL STUDENT BRIDGE COMPETITION TO AISC, LLC. THE FOUNDATION CONTINUES TO SUPPORT THE COMPETITION BY CONTRIBUTING SPONSOR DONATIONS TO AISC, LLC. THE FOUNDATION ALSO TRANSFERRED THE ADMINISTRATION OF THE T.R. HIGGINS LECTURESHIP. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE EXTERNAL PUBLIC ACCOUNTING FIRM, SIKICH LLP, PREPARED THE RETURN. SIKICH LLP FORWARDED A DRAFT COPY OF THE 990 TO AISC EDUCATION FOUNDATION, WHERE AISC STAFF REVIEWED INTERNALLY. AISC STAFF FORWARDED THE FINAL COPY OF THE 990 TO THE BOARD OF DIRECTORS OF AISC EDUCATION FOUNDATION. AFTER THE BOARD RECEIVES THE RETURN, IT IS FILED BY SIKICH LLP. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | AISC EDUCATION FOUNDATION, INC.'S CONFLICT OF INTEREST POLICY IS THE SAME POLICY THAT WAS CREATED FOR AISC HOLDINGS, INC. THE BOARD OF DIRECTORS OF AISC EDUCATION FOUNDATION, INC. IS REQUIRED TO SIGN A CONFLICT OF INTEREST ACKNOWLEDGEMENT EACH YEAR. IF THERE WAS A CONFLICT OF INTEREST IDENTIFIED, THIS CONFLICT WOULD BE DISCLOSED BY THE BOARD MEMBER. IN THE EVENT A CONFLICT EXISTS, THE BOARD MEMBER IS NOT PERMITTED TO BE INVOLVED IN MEETINGS RELATED TO THE CONFLICT. AISC EDUCATION FOUNDATION, INC. HAS NOT HAD ANY CONFLICTS REPORTED. THE CONFLICT OF INTEREST POLICY IS DISPLAYED AND EMPHASIZED AT ALL MEETINGS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | AISC EDUCATION FOUNDATION, INC. MAKES ITS ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST TO THE PUBLIC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | WILLIAM BOURNE III - 2400 S. STONE MOUNTAIN LITHONIA RD., P O BOX 797, LITHONIA, GA 30058. TERRY PESHIA - 456 N. BROADWAY, AURORA, IL 60505-2643. JOHN LUSDYK - 580 MIDDLETOWN BLVD, STE. D-100, LANGHORNE, PA 19047. JEFFREY E. DAVE - P.O. BOX 2630, ASHEVILLE, NC 28802-2630. DAVID B. RATTERMAN ESQ - 400 W. MARKET ST, STE. 1800, LOUISVILLE, KY 40203. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART III, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VII |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 1 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | AISC EDUCATION FOUNDATION INC |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | NSBA RESEARCH & EDUCATIONAL FOUDNATION LLC |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN | 0 | 260088328 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt | 0 | 0 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd | 0 | IL |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt | 0 | GRANTS |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt | 0 | 0 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt | 0 | 1 E WACKER DRIVE SUITE 700 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm | 0 | CHICAGO |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd | 0 | 606012005 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | AISC HOLDINGS INC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 130432350 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C)(6) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | IL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | PROMOTE STEEL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 1 E WACKER DRIVE SUITE 700 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | CHICAGO |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 606012005 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 1 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 1 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 0 | 107648 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 1 | 48991 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt | 0 | COST |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt | 1 | COST |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt | 0 | AISC HOLDINGS INC |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt | 1 | AISC HOLDINGS INC |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt | 0 | C |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt | 1 | N |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 1 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | IL |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt | 0 | 523952 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 462074 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 1160549 |
| IRS990/TotalAssetsEOYAmt | 0 | 1236373 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1160549 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1236373 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 1 |
| IRS990/TotalContributionsAmt | 0 | 159348 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 4283 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 173000 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 177283 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 26229 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 41547 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 26229 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 41547 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1134320 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1194826 |
| IRS990/TotalOtherCompensationAmt | 0 | 34094 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 173000 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 28662 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,236,373
- Liabilities
- $41,547
- Net assets
- $1,194,826
- Revenue
- $188,010
- Expenses
- $177,283
- Net income
- $10,727