Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1982.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
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
22 people listed on the 990.
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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
Funds research, scholarships, and student programs to advance the iron and steel industries.
Questions for Aist Foundation
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Foundation Scholarship Programs
The AIST Foundation awards academic scholarships on an annual basis to talented and dedicated students to encourage the pursuit of careers within iron and steel related industries. In additon, the AIST Foundation awards internships to showcase the technological scale, sophistication and employment opportunities available in the steel…
The AIST Foundation awards grants to instructors to encourage more students to choose the steel industry as their field of study; to recruit more of such graduates to the steel industry, and to increase the number of instructors knowledgeable in steel in North American universities.These grants include, Steel Curriculum Development…
Foundation Scholarship Member Chapter Programs
The AIST Foundation awards academic scholarships on an annual basis to talented and dedicated students on a regional member chapter level.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $643K | $885K |
| InvestmentsLn 11–13 | $11.0M | $13.4M |
| Total assetsLn 16 | $12.6M | $16.0M |
| LiabilitiesLn 26 | $155K | $31K |
| Net assetsLn 32 | $12.4M | $15.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $318K | $318K | ||
| Grants to domestic individualsLn 2 | $370K | $370K | ||
| Grants and assistance to foreign recipientsLn 3 | $176K | $176K | ||
| Management feesLn 11a | $108K | $70K | $38K | |
| Accounting feesLn 11c | $8K | $8K | ||
| Investment management feesLn 11f | $25K | $25K | ||
| Advertising and promotionLn 12 | $51K | $51K | ||
| Office expensesLn 13 | $5K | $3K | $3K | |
| TravelLn 17 | $2K | $2K | ||
| Conferences, conventions and meetingsLn 19 | $117K | $110K | $7K | |
| Other expenses (24a–d)Ln 24 | $68K | $68K | ||
| Total functional expensesLn 25 | $1.2M | $1.1M | $133K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $3.7M | $1.2M | $2.4M | $15.9M | 990 PDF |
| FY2024 | $835K | $1.2M | −$376K | $12.4M | 990 PDF |
| FY2023 | $2.3M | $1.1M | $1.3M | $12.0M | 990 PDF |
| FY2022 | $1.2M | $809K | $432K | $10.0M | 990 PDF |
| FY2021 | $661K | $831K | −$171K | $11.3M | 990 PDF |
| FY2020 | $2.0M | $745K | $1.2M | $9.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $3,660,327 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, 1 to look at
Part VIII · Statement of revenue $3,660,327 across 7 lines filed
Part IX · Statement of functional expenses $1,248,950 across 11 lines filed
Part X · Balance sheet $15,968,440 assets, 13 lines filed
Part XI · Reconciliation of net assets $15,937,285 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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