FOUNDRY EDUCATIONAL FOUNDATION DBA FEF

EIN: 340714666 501(c)(3)

SCHAUMBURG, IL

Total Revenue
$2,406,772
Total Expenses
$2,595,146
Total Assets
$12,739,289
Net Assets
$12,682,234
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
OH
Phone
8474909200
Tax Period
2024-05-01 to 2025-04-30

FOUNDRY EDUCATIONAL FOUNDATION DBA FEF, founded in 1947, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Net assets of $12.7M represent 63 months of operating reserves.

Mission

FOUNDRY EDUCATIONAL FOUNDATION STRENGHTENS THE METAL CASTING INDUSTRY BY SUPPORTING UNIQUE PARTNERSHIPS AMONG STUDENTS, EDUCATORS, AND INDUSTRY, HELPING TODAY'S STUDENTS BECOME TOMORROW'S LEADERS.

Program Service Accomplishments

Program 1
Expenses: $1,848,061 Revenue: $1,439,243

FEF is the metalcasting industry's educational program at the post-secondary level. It includes four-year technology schools as well as traditional engineering colleges and graduate schools. It spans...

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FEF is the metalcasting industry's educational program at the post-secondary level. It includes four-year technology schools as well as traditional engineering colleges and graduate schools. It spans the broad range of higher education from production supervision to specialized research. Since 1947, the FEF has sponsored programs that have helped advance the industry through the grooming of its young talent and technical leaders. Working with key professors at member universities along with metalcasting companies, the foundation sponsors networking events, promotes job fairs, awards scholarships, funds programs, and advances the interests of young engineers and technologies, preparing them for technical careers in the industry.

Program 2
Expenses: $263,106 Revenue: $231,277

FEF's college industry conference (CIC) is the metalcasting industry's premier career fair and peer engagement annual event bringing together 200 industry leaders and 100 top achieving students. the...

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FEF's college industry conference (CIC) is the metalcasting industry's premier career fair and peer engagement annual event bringing together 200 industry leaders and 100 top achieving students. the conference promotes young talent from fef member post-secondary institutions toward career opportunities in the metalcasting industry. the goal is to solidify the student's interest in metalcasting while meeting partner company's needs for top technical talent. each year of $60,000 is awarded in scholarships during the awards luncheon to the best-of-the-best students. the cic scholarship funds are from nearly thirty specially established endowments for the specific purpose of recognizing those students destined for future leadership in the metalcasting industry.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,439,243
Program Service Revenue $231,277
Investment Income $736,252
Other Revenue $0
TOTAL REVENUE $2,406,772

Expense Breakdown

Grants Paid $1,133,591
Salaries & Benefits $687,173
Fundraising Expenses $172,088
Program Expenses $2,111,167
Other Expenses $774,382
TOTAL EXPENSES $2,595,146

Year-over-Year Comparison

2024 2023 Change
Revenue $2,406,772 $1,826,279 +0.3%
Expenses $2,595,146 $2,023,577 +0.3%
Net Income $-188,374 $-197,298 0.0%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
35
Independent Members
35
Employees
5
Volunteers
36

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$172,906
Total Directors
45
$172,906
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN LEWIS Executive Dir. 40.00
Officer Director
$172,906 $0 $172,906
RYAN BRATTRUD Director 1.00
Director
$0 $0 $0
LES BROWN thru 425 Director 1.00
Director
$0 $0 $0
TOM DEMPSEY Treasurer 1.00
Director
$0 $0 $0
JASON GUTIERREZ President 1.00
Officer Director
$0 $0 $0
JOHNNY HILL Director 1.00
Director
$0 $0 $0
PETER KIM Director 1.00
Director
$0 $0 $0
DAVID CLARK thru 425 Director 1.00
Director
$0 $0 $0
PAUL HUFFMAN Director 1.00
Director
$0 $0 $0
JACOB JOHNSON Director 1.00
Director
$0 $0 $0
SANDY CALABRESE JOINED 425 Director 1.00
Director
$0 $0 $0
PHIL EATHERTON JOINED 425 Director 1.00
Director
$0 $0 $0
MATTHEW HLADKI JOINED 425 Director 1.00
Director
$0 $0 $0
WIL TINKER THRU 425 Director 1.00
Director
$0 $0 $0
JOE COSTABILE THRU 425 Director 1.00
Director
$0 $0 $0
CHRIS FETTERS THRU 425 Director 1.00
Director
$0 $0 $0
KELLEY KERNS Director 1.00
Director
$0 $0 $0
JIM KUNDRATIC Vice President 1.00
Director
$0 $0 $0
EVAN LETOURNEAU Director 1.00
Director
$0 $0 $0
COREY JARVIS JOINED 425 Director 1.00
Director
$0 $0 $0
BEN HUNSICKER THRU 425 Director 1.00
Director
$0 $0 $0
MIKE KAMIN JOINE 425 Director 1.00
Director
$0 $0 $0
JOHN KEOUGH THRU 425 Director 1.00
Director
$0 $0 $0
STEVE SIKORSKI THRU 425 Director 1.00
Director
$0 $0 $0
BRAD OHLRICH Director 1.00
Director
$0 $0 $0
Maureen P Lynn Secretary 1.00
Director
$0 $0 $0
BRANDON KRUSE Director 1.00
Director
$0 $0 $0
MADDIE SMITH Director 1.00
Director
$0 $0 $0
JON POLLARD Director 1.00
Director
$0 $0 $0
KRAMER PURSELL Director 1.00
Director
$0 $0 $0
JOEY LEONARD Director 1.00
Director
$0 $0 $0
ANDY SHEA Director 1.00
Director
$0 $0 $0
LIBBY RYDER Director 1.00
Director
$0 $0 $0
MIKE PETRUS PAST PRESIDENT 1.00
Director
$0 $0 $0
JERRY THIEL Director 1.00
Director
$0 $0 $0
MICHAEL MEYER THRU 425 Director 1.00
Director
$0 $0 $0
JIM WENSON Director 1.00
Director
$0 $0 $0
TYLER ECK Director 1.00
Director
$0 $0 $0
DOUG IMRIE Director 1.00
Director
$0 $0 $0
SCOTT ZANDARSKI Director 1.00
Director
$0 $0 $0
DAVID FLETCHER Director 1.00
Director
$0 $0 $0
ERIC HANSON Director 1.00
Director
$0 $0 $0
LIZETH MEDINA Vice President 1.00
Director
$0 $0 $0
TRENT PEARSON Director 1.00
Director
$0 $0 $0
REECE RAGSDALE Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,406,772 $2,595,146 $12,739,289 $-188,374
2024 $1,826,279 $2,023,577 $12,472,975 $-197,298
2023 $1,442,547 $1,827,629 $11,624,609 $-385,082
2022 $1,988,861 $1,725,755 $12,053,232 $263,106
2021 $1,478,128 $1,429,665 $13,151,509 $48,463
2020 $1,517,075 $1,537,873 $10,850,999 $-20,798
2019 $1,808,178 $1,595,568 $10,934,567 $212,610
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