The Aed Foundation enhances the success of Aed member companies by encouraging continuous learning, providing educational opportunities for today's employees and improving the quantity and quality of available employees for the future.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
Run by 23 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
5 of 5
filings with a surplus
Average surplus $1.4M a year · 48% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
17 mo
of spending, in cash
Plus $5.8M in investments, Pt X · Ln 11–13
Looks good: 16.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $527K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$290K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 23 voting members
Looks good: 22 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
-27% vs prior year
Spent
$2.2M
To programs
56%
Net assets
$10.8M
By yearFY2020–FY2024
Revenue
$3.2M
FY2024▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$2.2M
FY2022$4.1M
FY2023$4.3M
FY2024$3.2M
Expenses
$2.2M
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$904K
FY2021$1.2M
FY2022$1.5M
FY2023$1.9M
FY2024$2.2M
Net assets
$10.8M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$4.6M
FY2022$6.7M
FY2023$9.4M
FY2024$10.8M

From the FY2024 Form 990 · 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: FY2024. IRS ruling in Jan 1992.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $1.2M Management & general 37% · $801K Fundraising 7% · $146K

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

24 people listed on the 990.

Part VII, Section A · reportable compensation
Chairwoman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Aed Board Representative
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Past Chairman
$0Pt VII · Sec A
At-Large Director
$0Pt VII · Sec A
At-Large Director
$0Pt VII · Sec A
At-Large Director
$0Pt VII · Sec A
See The Aed Foundation INC 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 15aYes

Programs and updates

Boosts member companies' success through continuous learning and employee development.

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Provided by the organization

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2 programs · $1.2M · in their own filed words · FY2024
01

Image Building

Image building is a function of workforce development and includes the aedcareers.com student recruitment website, recruitment tools offered to dealers on aedworkforce.com, and inter-organizational coalitions geared toward increasing awareness and interest in construction related careers.

$631Kprogram expense
02

The AED Foundation provided management level educational seminars and webinars for industry employees to improve their professional skills and leadership abilities in areas including sales, rental, customer management, finance, parts, service, product support, human resources and branch management.

$584Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$527K
See all 3 funders →
Grants paid · 4 grants · $269K · 2020–2023
Unitemized GrantFY2023$31,711
Unitemized GrantFY2022$147,268
Unitemized GrantFY2021$84,000
Unitemized GrantFY2020$6,263

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$711K
Other incomeLn 4–11$329K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.2M
Managementcol C$801K
Fundraisingcol D$146K
Owns and owesPt X
$10.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$11.1M
LiabilitiesLn 26$290K
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a23
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$711K
Investment incomeLn 3$201K
Other incomeLn 4–11$329K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$2.1M
SavingsLn 2$898K
Cash and savings togetherLn 1–2$3.0M
InvestmentsLn 11–13$5.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$28K
Total assetsLn 16$11.1M
LiabilitiesLn 26$290K
Net assetsLn 32$10.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 623
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$3.5M$3.0M
InvestmentsLn 11–13$3.1M$5.8M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$9.7M$11.1M
LiabilitiesLn 26$284K$290K
Net assetsLn 32$9.4M$10.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$773K$430K$208K$134K
Other employee benefitsLn 9$130K$130K
Payroll taxesLn 10$67K$37K$18K$12K
Legal feesLn 11b$21K$21K
Accounting feesLn 11c$26K$26K
Investment management feesLn 11f$25K$25K
Other fees for servicesLn 11g$278K$278K
Advertising and promotionLn 12$18K$18K
Office expensesLn 13$201K$20K$181K
OccupancyLn 16$58K$58K
TravelLn 17$125K$125K
Conferences, conventions and meetingsLn 19$269K$269K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$154K$152K$1K
All other expensesLn 24e$2K$8K−$7K
Total functional expensesLn 25$2.2M$1.2M$801K$146K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.2M$2.2M$994K$10.8M 990 PDF
FY2023 $4.3M$1.9M$2.4M$9.4M 990 PDF
FY2022 $4.1M$1.5M$2.6M$6.7M 990 PDF
FY2021 $2.2M$1.2M$986K$4.6M 990 PDF
FY2020 $1.0M$904K$126K$3.4M 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 $3,156,006 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,306,495$1,915,247
I-9 Program service revenuePrior year $757,705$710,551
I-10 Investment incomePrior year $75,504$200,853
I-11 Other revenuePrior year $198,965$329,355
I-12 Total revenuePrior year $4,338,669$3,156,006
I-13 Grants and similar amounts paidPrior year $31,711$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $865,176$969,564
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,043,591$1,192,444
I-18 Total expensesPrior year $1,940,478$2,162,008
I-19 Revenue less expensesPrior year $2,398,191$993,998
Part VI · Governance 22 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members22
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 $3,156,006 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,915,247
VIII-1h Total contributions, gifts and grants$1,915,247
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $710,551$710,551
VIII-3 Investment incomeExcluded from tax $200,853$200,853
VIII-8 Net income from fundraising eventsExcluded from tax $327,905$327,905
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,450$1,450
VIII-12 Total revenueRelated to mission $710,551 · Unrelated business $0 · Excluded from tax $530,208$3,156,006
Part IX · Statement of functional expenses $2,162,008 across 15 lines filed
IX-7 Other salaries and wagesPrograms $430,327 · Management $208,272 · Fundraising $134,127$772,726
IX-9 Other employee benefitsManagement $129,507$129,507
IX-10 Payroll taxesPrograms $37,496 · Management $18,148 · Fundraising $11,687$67,331
IX-11b Legal feesManagement $21,431$21,431
IX-11c Accounting feesManagement $25,800$25,800
IX-11f Investment management feesManagement $24,961$24,961
IX-11g Other fees for servicesPrograms $278,208$278,208
IX-12 Advertising and promotionPrograms $18,451$18,451
IX-13 Office expensesPrograms $20,334 · Management $180,891$201,225
IX-16 OccupancyManagement $57,507$57,507
IX-17 TravelManagement $124,543$124,543
IX-19 Conferences, conventions and meetingsPrograms $269,296$269,296
IX-23 InsuranceManagement $15,361$15,361
IX-24 Other expenses (24a–d)Programs $152,394 · Management $1,478$153,872
IX-24e All other expensesPrograms $8,389 · Management −$6,600$1,789
IX-25 Total functional expensesPrograms $1,214,895 · Management $801,299 · Fundraising $145,814$2,162,008
Part X · Balance sheet $11,076,932 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,455,479$2,119,910
X-2 Savings and temporary cash investmentsStart of year $1,065,310$898,499
X-3 Pledges and grants receivableStart of year $2,342,637$2,115,111
X-4 Accounts receivableStart of year $68,863$70,879
X-9 Prepaid expenses and deferred chargesStart of year $15,045$995
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $3,122,924$5,843,917
X-15 Other assetsStart of year $628,503$27,621
X-16 Total assetsStart of year $9,698,761$11,076,932
X-17 Accounts payable and accrued expensesStart of year $15,172$16,000
X-19 Deferred revenueStart of year $269,000$274,055
X-26 Total liabilitiesStart of year $284,172$290,055
X-27 Net assets without donor restrictionsStart of year $7,034,392$8,552,401
X-28 Net assets with donor restrictionsStart of year $2,380,197$2,234,476
X-32 Total net assets or fund balancesStart of year $9,414,589$10,786,877
X-33 Total liabilities and net assetsStart of year $9,698,761$11,076,932
Part XI · Reconciliation of net assets $10,786,877 net assets at year end
XI-1 Total revenue$3,156,006
XI-2 Total expenses$2,162,008
XI-3 Revenue less expenses$993,998
XI-4 Net assets at start of year$9,414,589
XI-5 Net unrealized gains (losses) on investments$378,290
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,786,877

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

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