Forging Industry Association FY2022 filing

Not tax-deductible

Independence, OH501(c)(6)EIN 34-0821275Revenue $4.5M in FY2022

On file with the IRSforging.org6363 Oak Tree Boulevard Ste 615, 44131-2556 · Independence, OHTax-exempt since Jul 1960

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$480K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $107K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$480K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$689K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
+171% vs prior year
Spent
$3.2M
Net assets
$5.2M
By yearFY2021–FY2025
Revenue
$4.5M
FY2022▲ +171%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.7M
FY2022$4.5M
FY2023$4.6M
FY2024$2.8M
FY2025$4.7M
Expenses
$3.2M
FY2022▲ +88%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.7M
FY2022$3.2M
FY2023$4.4M
FY2024$3.7M
FY2025$4.6M
Net assets
$5.2M
FY2022▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$5.0M
FY2022$5.2M
FY2023$5.3M
FY2024$5.1M
FY2025$5.5M

From the FY2022 Form 990 (year ending May 2022) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1960.

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

Who runs it and what they're paid

14 people listed on the 990; $480K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President/CEO
$278,660Pt VII · Sec A
Director, Marketing & Events
$109,848Pt VII · Sec A
$91,626Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
James R Warren$344,064$312,496$263,544$278,660$265,217
Joseph Boni————$201,634
Angela Gibian$142,897$146,994—$109,848—
Andrew Zielinski$134,066$129,673$80,421$91,626—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Helps members compete better worldwide.

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Provided by the organization

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3 programs · in their own filed words · FY2021
01

Published and distributed various forging related materials such as forging capability guide, and all related material explaining the forging process & uses to design engineers, customers & academics.

Pt IX · col B
02

Held formal seminars for forging company personnel such as forging die design, press die design and industrial plant training. Collected and distributed industry safety awareness information.

Pt IX · col B
03

Conducted meetings, conferences and seminars for forging industry personnel on industry-related topics including: plant engineering, technical, marketing, and administrative management.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Fees for servicesLn 2g$2.3M
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$640K
Money outPt IX
$3.2M
Ln 25
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$5.9M
LiabilitiesLn 26$689K
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$202K
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$640K
Other incomeLn 4–11$106K
Gains on assetsLn 7$499K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$120K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$4.2M
Land, buildings, equipmentLn 10c$25K
Total assetsLn 16$5.9M
LiabilitiesLn 26$689K
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.7M$1.2M
InvestmentsLn 11–13$3.9M$4.2M
Land, buildings, equipmentLn 10c$21K$25K
Total assetsLn 16$6.5M$5.9M
LiabilitiesLn 26$1.4M$689K
Net assetsLn 32$5.0M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$752K
Pension plan contributionsLn 8$35K
Other employee benefitsLn 9$102K
Payroll taxesLn 10$53K
Legal feesLn 11b$4K
Accounting feesLn 11c$28K
Lobbying feesLn 11d$2K
Other fees for servicesLn 11g$97K
Office expensesLn 13$48K
OccupancyLn 16$90K
TravelLn 17$8K
Conferences, conventions and meetingsLn 19$1.4M
Depreciation, depletion and amortizationLn 22$8K
InsuranceLn 23$18K
Other expenses (24a–d)Ln 24$392K
All other expensesLn 24e$188K
Total functional expensesLn 25$3.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.7M$4.6M$81K$5.5M 990 PDF
FY2024 $2.8M$3.7M−$962K$5.1M 990 PDF
FY2023 $4.6M$4.4M$192K$5.3M 990 PDF
FY2022 Viewing $4.5M$3.2M$1.3M$5.2M 990 PDF
FY2021 $1.7M$1.7M−$56K$5.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $4,525,917 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,212,061$1,436,171
I-9 Program service revenuePrior year $177,886$2,343,400
I-10 Investment incomePrior year $151,624$640,110
I-11 Other revenuePrior year $128,348$106,236
I-12 Total revenuePrior year $1,669,919$4,525,917
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $858,055$942,577
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $868,134$2,303,056
I-18 Total expensesPrior year $1,726,189$3,245,633
I-19 Revenue less expensesPrior year −$56,270$1,280,284
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,525,917 across 8 lines filed
VIII-1b Membership dues$1,234,379
VIII-1e Government grants$201,792
VIII-1h Total contributions, gifts and grants$1,436,171
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,343,400$2,343,400
VIII-3 Investment incomeExcluded from tax $141,149$141,149
VIII-7 Net gain or loss on sales of assetsExcluded from tax $498,961$498,961
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,233 · Unrelated business $91,003$106,236
VIII-12 Total revenueRelated to mission $2,358,633 · Unrelated business $91,003 · Excluded from tax $640,110$4,525,917
Part IX · Statement of functional expenses $3,245,633 across 16 lines filed
IX-7 Other salaries and wages$752,356
IX-8 Pension plan contributions$35,337
IX-9 Other employee benefits$102,316
IX-10 Payroll taxes$52,568
IX-11b Legal fees$3,770
IX-11c Accounting fees$27,800
IX-11d Lobbying fees$2,081
IX-11g Other fees for services$97,132
IX-13 Office expenses$48,447
IX-16 Occupancy$89,592
IX-17 Travel$8,023
IX-19 Conferences, conventions and meetings$1,419,196
IX-22 Depreciation, depletion and amortization$8,461
IX-23 Insurance$18,250
IX-24 Other expenses (24a–d)$391,908
IX-24e All other expenses$188,396
IX-25 Total functional expenses$3,245,633
Part X · Balance sheet $5,925,128 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $92,712$120,098
X-2 Savings and temporary cash investmentsStart of year $1,650,286$1,101,169
X-4 Accounts receivableStart of year $598,728$264,213
X-9 Prepaid expenses and deferred chargesStart of year $215,199$185,684
X-10c Land, buildings and equipment, netStart of year $20,716$24,554
X-11 Publicly traded securitiesStart of year $3,889,540$4,229,410
X-16 Total assetsStart of year $6,467,181$5,925,128
X-17 Accounts payable and accrued expensesStart of year $101,606$202,291
X-19 Deferred revenueStart of year $1,123,330$486,235
X-26 Total liabilitiesStart of year $1,426,728$688,526
X-27 Net assets without donor restrictionsStart of year $5,040,453$5,236,602
X-32 Total net assets or fund balancesStart of year $5,040,453$5,236,602
X-33 Total liabilities and net assetsStart of year $6,467,181$5,925,128
Part XI · Reconciliation of net assets $5,236,602 net assets at year end
XI-1 Total revenue$4,525,917
XI-2 Total expenses$3,245,633
XI-3 Revenue less expenses$1,280,284
XI-4 Net assets at start of year$5,040,453
XI-5 Net unrealized gains (losses) on investments−$1,084,135
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,236,602

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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