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The Steel Technologies Foundation INC FY2023 filing

Tax-deductible

Louisville, KY501(c)(3)Foundations & GrantmakersEIN 56-2468607Revenue $319K in FY2023

On file with the IRS700 N Hurstbourne Pkwy Ste 400, 40222-5396 · Louisville, KYTax-exempt since Sep 2004Publicly supported charity — 170(b)(1)(A)(vi)

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To support the needs of the communities where our employees and customers live and work.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
3 of 5
filings with a surplus
Average surplus $26K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$319K
-2% vs prior year
Spent
$328K
To programs
97%
Net assets
$959K
By yearFY2020–FY2024
Revenue
$319K
FY2023▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$238K
FY2021$413K
FY2022$327K
FY2023$319K
FY2024$431K
Expenses
$328K
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$256K
FY2021$348K
FY2022$306K
FY2023$328K
FY2024$361K
Net assets
$959K
FY2023▼ -0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$881K
FY2021$947K
FY2022$968K
FY2023$959K
FY2024$1.0M

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2004.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $319K Management & general 3% · $9K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Steel Technologies 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 15aNo

Programs and updates

Supports communities where employees and customers live and work.

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Provided by the organization

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1 program · $319K · in their own filed words · FY2023
01

The steel technologies foundation was established in 2004 to support charitable activities in the communities where steel technologies' employees and customers of steel technologies live and work.

$319Kprogram 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 · FY2022
Robert L Oare JR Charitable FoundationFY2022$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 12 grants · $982K · 2020–2023
Supporting Heroes INCKY · FY2023$235,000
The Whas Crusade for Children INCKY · FY2023$10,000
Endure Athletics Foundation INCTN · FY2023$10,000
Supporting Heroes INCKY · FY2022$240,000
Supporting Heroes INCKY · FY2021$267,302
American National Red Cross & Its Constituent Chapters and BranchesDC · FY2021$15,000
American Heart Association INCTX · FY2021$10,000
Dare to Care INCKY · FY2021$5,000
Supporting Heroes INCKY · FY2020$175,000
Dare to Care INCKY · FY2020$5,000
American National Red Cross & Its Constituent Chapters and BranchesDC · FY2020$5,000
American Heart Association INCTX · FY2020$5,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$319K
Ln 12
Gifts and grantsLn 1h$261K
Investment incomeLn 3$58K
Money outPt IX
$328K
Ln 25
Programscol B$319K
Managementcol C$9K
Owns and owesPt X
$959K
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$959K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$261K
Fundraising eventsLn 1c$173K
Investment incomeLn 3$58K
Gains on assetsLn 7$17K
Total revenueLn 12$319K
Assets in detailPt X, end of year
CashLn 1$94K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$119K
InvestmentsLn 11–13$833K
Total assetsLn 16$959K
LiabilitiesLn 26$0
Net assetsLn 32$959K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$158K$119K
InvestmentsLn 11–13$805K$833K
Total assetsLn 16$968K$959K
LiabilitiesLn 26$0$0
Net assetsLn 32$968K$959K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$319K$319K
Investment management feesLn 11f$9K$9K
Other expenses (24a–d)Ln 24$485$485
Total functional expensesLn 25$328K$319K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $431K$361K$70K$1.0M 990 PDF
FY2023 Viewing $319K$328K−$9K$959K 990 PDF
FY2022 $327K$306K$21K$968K 990 PDF
FY2021 $413K$348K$65K$947K 990 PDF
FY2020 $238K$256K−$19K$881K 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 FY2023 990 (6 parts)
Part I · Summary $319,477 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $267,096$261,395
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $59,655$58,082
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $326,751$319,477
I-13 Grants and similar amounts paidPrior year $293,500$319,400
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,315$9,012
I-18 Total expensesPrior year $305,815$328,412
I-19 Revenue less expensesPrior year $20,936−$8,935
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction 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
Part VIII · Statement of revenue $319,477 across 7 lines filed
VIII-1c Fundraising events$172,922
VIII-1f All other contributions, gifts and grants$88,473
VIII-1h Total contributions, gifts and grants$261,395
VIII-3 Investment incomeExcluded from tax $41,350$41,350
VIII-7 Net gain or loss on sales of assetsExcluded from tax $16,732$16,732
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $58,082$319,477
Part IX · Statement of functional expenses $328,412 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $319,400$319,400
IX-11f Investment management feesManagement $8,527$8,527
IX-24 Other expenses (24a–d)Management $485$485
IX-25 Total functional expensesPrograms $319,400 · Management $9,012 · Fundraising $0$328,412
Part X · Balance sheet $958,717 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $64,226$93,961
X-2 Savings and temporary cash investmentsStart of year $93,527$25,233
X-4 Accounts receivableStart of year $3,000$5,000
X-9 Prepaid expenses and deferred chargesStart of year $2,000$1,774
X-11 Publicly traded securitiesStart of year $804,899$832,749
X-16 Total assetsStart of year $967,652$958,717
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $967,652$958,717
X-33 Total liabilities and net assetsStart of year $967,652$958,717
Part XI · Reconciliation of net assets $958,717 net assets at year end
XI-1 Total revenue$319,477
XI-2 Total expenses$328,412
XI-3 Revenue less expenses−$8,935
XI-4 Net assets at start of year$967,652
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$958,717

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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