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Aesf Foundation

Tax-deductible

Washington, DC501(c)(3) EIN 22-1800571Revenue $558K in FY2024

On file with the IRSnasf.org/education529 14th St Nw Ste 1280, 20045-2205 · Washington, DCTax-exempt since Jun 1964Publicly supported charity — 170(b)(1)(A)(vi)

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The AESF Foundation is a 501(c)(3) educational organization that focuses on technical education programs to advance the science and technology of surface finishing and to promote continuing education within the industry.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $26K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Plus $1.8M in investments, Pt X · Ln 11–13
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$28K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$558K
-4% vs prior year
Spent
$588K
To programs
81%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$558K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$383K
FY2021$559K
FY2022$530K
FY2023$584K
FY2024$558K
Expenses
$588K
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$478K
FY2021$633K
FY2022$512K
FY2023$534K
FY2024$588K
Net assets
$2.1M
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$1.9M
FY2022$1.7M
FY2023$1.9M
FY2024$2.1M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1964.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $478K Management & general 19% · $110K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeff Brassard
Past President - Nasf
$0Pt VII · Sec A
Steffen Wolkerstorfer
Secretarytreasurer - Nasf
$0Pt VII · Sec A
Adam Blakely
Vice President
$0Pt VII · Sec A
Brian Peterson
Past President
$0Pt VII · Sec A
See Aesf Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advances surface finishing science and technology through technical education programs.

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Provided by the organization

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1 program · $478K · in their own filed words · FY2024
01

Education and Research

Provide education courses, various research programs, exhibits, and other educational support for members and the general public. Convention: Hold annual convention which allows members access to the most respected and highly qualified leaders in the industry along with the newest technologies, products, equipment, and services for every…

$478Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 20 grants · $353K · 2020–2024
The Board of Trustees of the University of IllinoisIL · FY2024$18,751
University of Texas at DallasFY2024$18,750
University of Georgia Crop and SoilFY2024$12,500
Wayne State UniversityFY2024$6,250
Unitemized GrantFY2024$3,000
Wayne State UniversityFY2023$25,000
University of Georgia Crop & SoilFY2023$25,000
University of Texas at DallasFY2023$25,000
National Center for Manufacturing SciencesMI · FY2023$25,000
The Board of Trustees of the University of IllinoisIL · FY2023$18,750
Wayne State UniversityFY2022$27,500
University of Georgia Crop & SoilFY2022$25,000
Arizona State UniversityFY2022$15,149
National Center for Manufacturing SciencesMI · FY2022$12,500
The Board of Trustees of the University of IllinoisIL · FY2022$12,499
Unitemized GrantFY2022$10,500
Unitemized GrantFY2021$16,000
Tennessee Tech UniversityFY2020$25,000
See all 20 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$558K
Ln 12
Fees for servicesLn 2g$489K
Investment incomeLn 3$67K
Other incomeLn 4–11$2K
Money outPt IX
$588K
Ln 25
Programscol B$478K
Managementcol C$110K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$218K
Total assetsLn 16$2.1M
LiabilitiesLn 26$28K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$489K
Investment incomeLn 3$67K
Other incomeLn 4–11$2K
Total revenueLn 12$558K
Assets in detailPt X, end of year
CashLn 1$218K
Cash and savings togetherLn 1–2$218K
InvestmentsLn 11–13$1.8M
Total assetsLn 16$2.1M
LiabilitiesLn 26$28K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$108K$218K
InvestmentsLn 11–13$1.8M$1.8M
Total assetsLn 16$1.9M$2.1M
LiabilitiesLn 26$4K$28K
Net assetsLn 32$1.9M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$119K$119K
Grants to domestic individualsLn 2$3K$3K
Management feesLn 11a$178K$160K$18K
Legal feesLn 11b$181$181
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$138K$138K
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$42K$20K$22K
Information technologyLn 14$17K$17K
TravelLn 17$17K$3K$15K
Conferences, conventions and meetingsLn 19$5K$5K
InsuranceLn 23$584$584
Other expenses (24a–d)Ln 24$24K$17K$8K
Total functional expensesLn 25$588K$478K$110K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $558K$588K−$31K$2.1M 990 PDF
FY2023 $584K$534K$50K$1.9M 990 PDF
FY2022 $530K$512K$18K$1.7M 990 PDF
FY2021 $559K$633K−$74K$1.9M 990 PDF
FY2020 $383K$478K−$95K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $557,719 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,000$0
I-9 Program service revenuePrior year $430,015$488,988
I-10 Investment incomePrior year $38,792$67,175
I-11 Other revenuePrior year $114,191$1,556
I-12 Total revenuePrior year $583,998$557,719
I-13 Grants and similar amounts paidPrior year $180,250$121,751
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $353,561$466,705
I-18 Total expensesPrior year $533,811$588,456
I-19 Revenue less expensesPrior year $50,187−$30,737
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $557,719 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $488,988$488,988
VIII-3 Investment incomeExcluded from tax $67,175$67,175
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,556$1,556
VIII-12 Total revenueRelated to mission $490,544 · Unrelated business $0 · Excluded from tax $67,175$557,719
Part IX · Statement of functional expenses $588,456 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $118,751$118,751
IX-2 Grants to domestic individualsPrograms $3,000$3,000
IX-11a Management feesPrograms $160,060 · Management $17,784$177,844
IX-11b Legal feesManagement $181$181
IX-11c Accounting feesManagement $11,525$11,525
IX-11f Investment management feesManagement $14,085$14,085
IX-11g Other fees for servicesPrograms $137,908$137,908
IX-12 Advertising and promotionPrograms $19,062$19,062
IX-13 Office expensesPrograms $20,004 · Management $21,925$41,929
IX-14 Information technologyManagement $16,967$16,967
IX-17 TravelPrograms $2,853 · Management $14,593$17,446
IX-19 Conferences, conventions and meetingsManagement $5,033$5,033
IX-23 InsuranceManagement $584$584
IX-24 Other expenses (24a–d)Programs $16,594 · Management $7,547$24,141
IX-25 Total functional expensesPrograms $478,232 · Management $110,224 · Fundraising $0$588,456
Part X · Balance sheet $2,091,217 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $107,515$218,468
X-4 Accounts receivableStart of year $4,800$45,855
X-9 Prepaid expenses and deferred chargesStart of year $14,009$14,016
X-11 Publicly traded securitiesStart of year $1,817,464$1,812,878
X-16 Total assetsStart of year $1,949,925$2,091,217
X-17 Accounts payable and accrued expensesStart of year $4,158$28,192
X-26 Total liabilitiesStart of year $4,158$28,192
X-27 Net assets without donor restrictionsStart of year $1,945,767$2,063,025
X-32 Total net assets or fund balancesStart of year $1,945,767$2,063,025
X-33 Total liabilities and net assetsStart of year $1,949,925$2,091,217
Part XI · Reconciliation of net assets $2,063,025 net assets at year end
XI-1 Total revenue$557,719
XI-2 Total expenses$588,456
XI-3 Revenue less expenses−$30,737
XI-4 Net assets at start of year$1,945,767
XI-5 Net unrealized gains (losses) on investments$147,995
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,063,025

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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