To promote education and research activities related to welding.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$87K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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 $6.0M a year · 60% 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
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $97.2M in investments, Pt X · Ln 11–13
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $6.8M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.5M
-24% vs prior year
Spent
$4.5M
To programs
73%
Net assets
$96.1M
By yearFY2020–FY2024
Revenue
$9.5M
FY2022▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.4M
FY2021$12.5M
FY2022$9.5M
FY2023$11.7M
FY2024$11.1M
Expenses
$4.5M
FY2022▲ +42%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$3.2M
FY2022$4.5M
FY2023$5.0M
FY2024$4.7M
Net assets
$96.1M
FY2022▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$98.4M
FY2021$114.4M
FY2022$96.1M
FY2023$117.5M
FY2024$135.1M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Jan 1990.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $3.3M Management & general 27% · $1.2M

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

17 people listed on the 990; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director, Foundation
$87,036Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Monica a Pfarr’s $190K as Executive Director, Foundation is at the 29th percentile of top reported officer pay among 414 $10–100M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2022
Monica a Pfarr$189,700$87,036

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.

See Aws Foundation Incorporated 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

Funds scholarships, fellowships, and research grants to support students and advance education in welding techniques and technology.

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Provided by the organization

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1 program · $3.3M · in their own filed words · FY2022
01

Grants, scholarships and fellowships were awarded for the study of welding and research in welding techniques.

$3.3Mprogram 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
See all 3 funders →
Grants paid · 82 grants · $11.5M · 2020–2024
Unitemized GrantFY2024$2,210,189
The Ohio State UniversityOH · FY2024$70,000
Colorado School of MinesFY2024$35,000
The Pennsylvania State UniversityFY2024$35,000
Santa Fe Independent School DistrictFY2024$25,000
Rimrock Jrsr High SchoolFY2024$25,000
Lawrence-Nelson Community SchoolsFY2024$25,000
The Mill National Training CenterFY2024$24,846
Bristol Technical Education CenterFY2024$24,799
Capital Area Career CenterFY2024$24,536
El Capitan High SchoolFY2024$24,534
Milton High SchoolFY2024$24,457
Central Arizona CollegeFY2024$24,243
Carrollton Area Career CenterFY2024$20,400
Iowa State UniversityIA · FY2024$17,500
Maple Mountain High SchoolFY2024$8,299
Unitemized GrantFY2023$2,221,119
See all 82 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$9.5M
Ln 12
Gifts and grantsLn 1h$7.0M
Investment incomeLn 3$2.6M
Money outPt IX
$4.5M
Ln 25
Programscol B$3.3M
Managementcol C$1.2M
Owns and owesPt X
$96.1M
net assets · Ln 32
Cash and savingsLn 1–2$575K
Total assetsLn 16$97.8M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.0M
Investment incomeLn 3$2.6M
Gains on assetsLn 7$0
Total revenueLn 12$9.5M
Assets in detailPt X, end of year
CashLn 1$575K
SavingsLn 2$0
Cash and savings togetherLn 1–2$575K
InvestmentsLn 11–13$97.2M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$97.8M
LiabilitiesLn 26$1.7M
Net assetsLn 32$96.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
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 FY22End FY22
Cash and savingsLn 1–2$2.6M$575K
InvestmentsLn 11–13$110.1M$97.2M
Land, buildings, equipmentLn 10c$482$0
Total assetsLn 16$114.5M$97.8M
LiabilitiesLn 26$124K$1.7M
Net assetsLn 32$114.4M$96.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$602K$602K
Grants to domestic individualsLn 2$2.1M$2.1M
Grants and assistance to foreign recipientsLn 3$105K$105K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$92K$92K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$433K$433K$0
Pension plan contributionsLn 8$29K$29K
Other employee benefitsLn 9$51K$51K
Payroll taxesLn 10$37K$37K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$108K$108K
Other fees for servicesLn 11g$180K$180K
Advertising and promotionLn 12$41K$41K
Office expensesLn 13$31K$31K
Information technologyLn 14$6K$6K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$43K$43K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$482$482
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$680K$466K$214K
Total functional expensesLn 25$4.5M$3.3M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $11.1M$4.7M$6.3M$135.1M 990 PDF
FY2023 $11.7M$5.0M$6.7M$117.5M 990 PDF
FY2022 Viewing $9.5M$4.5M$5.0M$96.1M 990 PDF
FY2021 $12.5M$3.2M$9.3M$114.4M 990 PDF
FY2020 $5.4M$2.8M$2.7M$98.4M 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 F · Foreign O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $9,544,699 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,713,940$6,981,755
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,805,080$2,562,944
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $12,519,020$9,544,699
I-13 Grants and similar amounts paidPrior year $1,759,226$2,792,711
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $676,580$641,726
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $747,524$1,089,683
I-18 Total expensesPrior year $3,183,330$4,524,120
I-19 Revenue less expensesPrior year $9,335,690$5,020,579
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $9,544,699 across 9 lines filed
VIII-1d Related organizations$6,053,000
VIII-1f All other contributions, gifts and grants$928,755
VIII-1h Total contributions, gifts and grants$6,981,755
VIII-3 Investment incomeExcluded from tax $2,562,944$2,562,944
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $2,562,944$9,544,699
Part IX · Statement of functional expenses $4,524,120 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $601,806$601,806
IX-2 Grants to domestic individualsPrograms $2,085,905$2,085,905
IX-3 Grants and assistance to foreign recipientsPrograms $105,000$105,000
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $91,580$91,580
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $433,017 · Fundraising $0$433,017
IX-8 Pension plan contributionsManagement $28,933$28,933
IX-9 Other employee benefitsManagement $50,752$50,752
IX-10 Payroll taxesManagement $37,444$37,444
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $107,801$107,801
IX-11g Other fees for servicesManagement $179,965$179,965
IX-12 Advertising and promotionManagement $41,458$41,458
IX-13 Office expensesManagement $31,372$31,372
IX-14 Information technologyManagement $5,770$5,770
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $42,590$42,590
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $482$482
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $466,276 · Management $213,969$680,245
IX-25 Total functional expensesPrograms $3,302,059 · Management $1,222,061 · Fundraising $0$4,524,120
Part X · Balance sheet $97,809,189 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $2,578,494$575,449
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $1,839,889$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $14,000$12,542
X-10c Land, buildings and equipment, netStart of year $482$0
X-11 Publicly traded securitiesStart of year $110,088,926$97,221,198
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $114,521,791$97,809,189
X-17 Accounts payable and accrued expensesStart of year $123,588$143,575
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$1,546,552
X-26 Total liabilitiesStart of year $123,588$1,690,127
X-27 Net assets without donor restrictionsStart of year $62,111,023$28,310,489
X-28 Net assets with donor restrictionsStart of year $52,287,180$67,808,573
X-32 Total net assets or fund balancesStart of year $114,398,203$96,119,062
X-33 Total liabilities and net assetsStart of year $114,521,791$97,809,189
Part XI · Reconciliation of net assets $96,119,062 net assets at year end
XI-1 Total revenue$9,544,699
XI-2 Total expenses$4,524,120
XI-3 Revenue less expenses$5,020,579
XI-4 Net assets at start of year$114,398,203
XI-5 Net unrealized gains (losses) on investments−$23,299,720
XI-10 Net assets at end of year$96,119,062

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

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