Aist Foundation EIN 25-1402010

Aist Foundation

EIN  25-1402010 Supporting organization Warrendale, PA Founded 1981
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/1/26 · see original filing: IRS
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Size
$1–10M
What they do
Funds research, scholarships, and student programs to advance the iron and steel industries.
Leadership
Ronald E Ashburn · Executive Director/Secreta
Money in and out
$3.7M revenue, $1.2M expenses
Bottom line
+66% net inflow

Funds research, scholarships, and student programs to advance the iron and steel industries. For fiscal year 2024 it reported $3.7M in revenue, $1.2M in expenses, and $15.9M in net assets.Pt I

Money in and out · FY2024
Total revenue
$3.7M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$15.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.4M
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Net inflow
+66%
revenue over expenses, this year▲ +246% vs prior filing year
Pass-through gifts
89%
of revenue from contributions▲ +80% vs prior filing year
Program spending
89%
of expenses reach stated programs▲ +4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$3.7M
FY2024▲ +339%
Expenses
$1.2M
FY2024▲ +3%
Total assets
$16.0M
FY2024▲ +27%
Total liabilities
$31K
FY2024▼ -80%
Total revenue
$3.7M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$15.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.4M
Total assetsPt X · Ln 16$16.0M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $838K of program spending, described in the organization's own filed words · FY2024.
01

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…

$405Kprogram expense
02

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…

$349Kprogram expense
03

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.

$84Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAist Foundation
EINHdr · item D25-1402010
Principal addressHdr · item CWarrendale, PA
WebsiteHdr · item Jwww.aistfoundation.org
Year of formationHdr · item L1981
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFMar 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director/Secreta
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Aist Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$3.3M · 89%
Investment income$376K · 10%
Other revenue$25K · 1%
Contributions & grants89%$3.3M
Investment income10%$376K
Other revenue1%$25K
Total revenueLn 12$3.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$1.1M
Management & general11%$133K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$885K
Total assetsLn 16$16.0M
Total liabilitiesLn 26$31K
Total net assetsLn 32$15.9M
Months of cash on handcomputed8.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14.3M · Operating expenses/yr $1.2M
137.7 months
Where the money goes
Program services
Program services $1.1M · Total expenses $1.2M
89%
Management & General
Management & general $133K · Total expenses $1.2M
11%
Fundraising
Fundraising $0 · Total expenses $1.2M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.9M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3.3M · Total revenue $3.7M
89%
Government reliance
Government grants — · Total revenue $3.7M
Earned-income share
Program service revenue $0 · Total revenue $3.7M
0%
Investment reliance
Investment income $376K · Total revenue $3.7M
+10%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.2M
0%
Growth & trend
Revenue growth (YoY)
This year $3.7M · Prior year $835K
+339%
Revenue CAGR
FY2019 $2.0M · FY2024 $3.7M
+13%
Net-asset trend (YoY)
End of year $15.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.7M · Expenses $1.2M
+66%
Liabilities-to-Assets
Total liabilities — · Total assets $16.0M
Net-asset ratio
Net assets $15.9M · Total assets $16.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $13.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $16.0M
84%
People & payroll
Highest Reported Total Compensation
Individual Ronald E Ashburn · Reported title Executive Director/Secreta · Highest reported compensation $0 · Total expenses $1.2M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.2M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Revenue growth 339%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$1.6M
See all 4 funders →
Grants paid · 61 grants · $3.0M · 2019–2024
Unitemized GrantFY2024$229,500
Unitemized GrantFY2024$141,000
Missouri University of Science & TechnologyFY2024$55,000
Carnegie Mellon UniversityPA · FY2024$30,000
Michigan Technological UniversityFY2024$15,000
Virginia Polytechnic Institute and State UniversityFY2024$10,000
Unitemized GrantFY2023$219,250
Unitemized GrantFY2023$153,750
Missouri University of Science & TechnologyFY2023$55,000
Colorado School of MinesFY2023$35,000
Michigan Technological UniversityFY2023$20,000
See all 61 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$835K revenue · ⤓ 990 PDF
FY2023$2.3M revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$661K revenue · ⤓ 990 PDF
FY2020$2.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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