2022-09-14T15:17:32-05:00 2021-12-31 341322309 CIUNI & PANICHI INC 25201 CHAGRIN BLVD 200 CLEVELAND OH 441225683 990 2021-01-01 341568258 UNITED STATES CUTTING TOOL INSTITUTE UNIT 2162417333 1300 SUMNER AVENUE CLEVELAND OH 441152851 MELISSA ALLAY SECRETARY/TREASURER 2162417333 2022-09-09 1 MELISSA ALLAY 999009999 HERZL GINSBURG CPA P01351635 2168317171 2022-09-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z BRET TAYNE 1300 SUMNER AVENUE CLEVELAND OH 441152851 559107 0 X WWW.USCTI.COM X 1937 DC SEE PART III, LINE 1 13 13 0 216 35200 34200 381154 349196 75167 209623 2371 288 0 0 458692 559107 7500 10000 0 0 0 0 0 0 0 346815 584254 354315 594254 104377 -35147 943701 965265 104110 161002 839591 804263 X TO PROMOTE, ENHANCE, AND EXPAND PARTICIPATION BY ALL U.S. CUTTING TOOL MANUFACTURERS AND TO OBTAIN THE ADVANTAGES ASSOCIATED WITH ESTABLISHING A JOINT AND CONCENTRATED INDUSTRY EFFORT DESIGNED TO PROMOTE QUALITY PRODUCTS, SAFETY AND ENVIRONMENTAL AWARENESS. 0 0 MEETINGS: MEETINGS PROVIDE UNITED STATES CUTTING TOOL INSTITUTE MEMBER COMPANY EXECUTIVES WITH AN OPPORTUNITY TO SHARE IDEAS AND INFORMATION WITH OTHER SENIOR LEVEL EXECUTIVES. THE TWO NATIONAL MEETINGS HELD EACH YEAR INCLUDE PANEL DISCUSSIONS AND SPEAKERS COVERING TIMELY BUSINESS ISSUES SUCH AS, MANUFACTURING AND MACHINING TRENDS, MARKET FORECASTING, TRADEMARKS AND PATENTS, THE INTERNET, E-COMMERCE, AND ENVIRONMENTAL REGULATIONS. THESE MEETINGS HELP FULFILL AT LEAST TWO OF THE MAIN PURPOSES OF THE INSTITUTE WHICH ARE; "TO SPONSOR EDUCATIONAL AND INFORMATIONAL PROGRAMS OF BENEFIT TO ITS MEMBERS", AND "TO SECURE THE BENEFITS TO BE DERIVED FROM FRIENDLY COMMUNICATION AMONG, AND EXCHANGE OF INFORMATION BY ITS MEMBERS FOR THEIR OWN WELFARE". A SEPARATE REGISTRATION FEE IS CHARGED TO THOSE (CONTINUED ON SCH O) MEMBERS WHO ATTEND MEETINGS IN ORDER TO OFFSET MEETING COSTS. SPONSORSHIP FEES ALSO HELP DEFER MEETING COSTS. STATISTICS: THE INSTITUTE'S STATISTICS PROGRAM PROVIDES MEMBER COMPANIES WITH ACCURATE AND TIMELY INDUSTRY DATA AND INFORMATION. THIS INFORMATION HELPS MEMBERS MONITOR INDUSTRY AND BUSINESS TRENDS. REPORTS COMPILED BY THE INSTITUTE COVER AGGREGATE INCOMING ORDERS AND SHIPMENTS/BILLINGS, ON A MONTHLY BASIS. A THIRD PARTY IS RETAINED TO PROVIDE A QUARTERLY ANALYSIS AND FORECAST FOR THE CUTTING TOOL INDUSTRY AND THE ECONOMY AS A WHOLE. THE INSTITUTE ALSO CONDUCTS SEVERAL OTHER SURVEYS TO MONITOR MEMBERS' WAGE AND BENEFIT COSTS AND FINANCIAL OPERATING RATIOS. THE STATISTICS PROGRAM FULFILLS ONE OF THE MAIN PURPOSES OF THE INSTITUTE WHICH IS "TO COLLECT AND DISSEMINATE STATISTICS RELATING TO THE CUTTING TOOL INDUSTRY THROUGH A SIMPLE, ADEQUATE REPORTING SYSTEM." WEBSITE: THE MAIN PURPOSE OF THE UNITED STATES CUTTING TOOL INSTITUTE WEBSITE IS TO KEEP INSTITUTE MEMBERS AND OTHER INTERESTED PARTIES INFORMED ABOUT THE INSTITUTE ACTIVITES. THE WEBSITE ALSO PROVIDES A LISTING OF INSTITUTE MEMBERS, ALLOWING VISITORS TO OBTAIN ADDITIONAL CUTTING TOOL INFORMATION DIRECTLY FROM THESE COMPANIES. THE INSTITUTE WEBSITE HELPS FULFILL ONE OF THE MAIN PURPOSES OF THE INSTITUTE WHICH IS "TO FOSTER, ADVANCE, AND PROMOTE THE INTERESTS OF ITS MEMBERS." PUBLICATIONS: UNITED STATES CUTTING TOOL INSTITUE HAS DEVELOPED AND SOLD SEVERAL DIFFERENT TECHNICAL PUBLICATIONS COVERING CUTTING TOOLS. THESE PUBLICATIONS ARE INTENDED TO ASSIST MANUFACTURERS AND USERS OF CUTTING TOOLS IN UNDERSTANDING THE DIMENSIONS AND TOLERANCES FOR CUTTING TOOLS, AS WELL AS PROPER USES OF THESE TOOLS. THE INSTITUTE ALSO PUBLISHED, IN COOPERATION WITH AN OUTSIDE PUBLISHING FIRM, THE METAL CUTTING TOOL HANDBOOK AS A COMPREHENSIVE GUIDE TO THE SELECTION, USE, AND PERFORMANCE OF CUTTING TOOLS. INSTITUTE PUBLICATIONS FULFILL ONE OF THE MAIN PURPOSES OF THE INSTITUTE WHICH IS "TO PROMOTE THE STANDARDIZATION OF SIZES, DIMENSIONS AND TOLERANCES, AND SIMPLIFY THE SAME IN COOPERATION WITH... OTHER NATIONAL AND INTERNATIONAL BODIES." 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 0 1 1 1 0 0 0 1 1 0 0 0 X 13 13 0 1 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 X MELISSA ALLAY 2162417333 1300 SUMNER AVENUE CLEVELAND OH 441152851 X PETER BARTOS DIRECTOR 0.50 X 0 0 0 STEVE BOYER SENIOR VICE PRESIDENT 0.50 X X 0 0 0 JEFF CEDERSTROM DIRECTOR 0.50 X 0 0 0 JEFFREY LAWSON DIRECTOR 0.50 X 0 0 0 JEFF MAJOR PRESIDENT 0.50 X X 0 0 0 RICK MCINTRYE DIRECTOR 0.50 X 0 0 0 MARK MULLEN DIRECTOR 0.50 X 0 0 0 BRIAN NORRIS DIRECTOR 0.50 X 0 0 0 MIKE STOKEY VICE PRESIDENT 0.50 X X 0 0 0 MATHIEU TAPP DIRECTOR 0.50 X 0 0 0 BRET TAYNE DIRECTOR, IMMEDIATE PAST PRESIDENT 0.50 X X 0 0 0 DON TRIPLER DIRECTOR 0.50 X 0 0 0 BRENT WILLIAMS DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 THOMAS ASSOCIATES INC 1300 SUMNER AVE CLEVLEAND OH 44115 MANAGEMENT 281150 1 349196 349196 MEETINGS & CONFERENCE INCOME 900099 209623 174423 35200 209623 288 288 559107 174423 35200 288 10000 281150 36571 7550 2700 7976 206746 2158 INCOME TAX EXPENSE 7182 IHS MARKET FORECAST 15000 BANK FEES 6454 PRINTING & PUBLISHING 4187 6580 594254 696143 676022 76829 79295 170019 209873 710 75 943701 965265 14317 9399 89793 151603 104110 161002 X 839591 804263 839591 804263 943701 965265 -35147 -181 0 X 0 1 X 1 0 0 1 0 0 INVESTMENTS 209873 F 209873 X 558926 -181 -181 559107 0 559107 594254 0 594254 0 594254 PART X, LINE 2: THE PROVISIONS OF "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" PRESCRIBE A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE AMOUNT OF THE BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE INSTITUTE RECOGNIZES INTEREST AND PENALTIES ACCRUED, IF ANY, RELATED TO UNRECOGNIZED TAX UNCERTAINTIES IN INCOME TAX EXPENSE. THE INSTITUTE HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 SCHOLARSHIPS 3 10000 FMV PART I, LINE 2: ELIGIBLE SCHOLARSHIP RECIPIENTS ARE (1) HIGH SCHOOL SENIORS WHO WILL ENTER A COLLEGE OR A VOCATIONAL SCHOOL PROGRAM IN THE FALL OR WHO ARE ALREADY ENROLLED IN A PROGRAM OR (2) AN EMPLOYEE OF A USCTI MEMBER COMPANY SEEKING ADDITIONAL TRAINING. ANY TWO-YEAR OR FOUR-YEAR COLLEGE PROGRAM OR VOCATIONAL SCHOOL WHICH HAS ENGINEERING OR TECHNICAL PROGRAMS APPLICABLE TO THE CUTTING TOOL INDUSTRY. STUDENTS MUST PROVIDE A CERTIFIED RECORD OF TRANSCRIPTS. ALL APPLICANTS MUST PROVIDE A WRITTEN ESSAY INCLUDING COURSE INTEREST AND REASONS FOR EITHER WANTING TO BE APART OF THE CUTTING TOOL INDUSTRY (STUDENTS) OR ADVANCING THEIR POSITION IN THE INDUSTRY THROUGH EDUCATION (CURRENT EMPLOYEES). APPLICANTS SHOULD LIST ANY CO-OPS, INTERNSHIPS, APPRENTICE PROGRAMS OR OTHER ACTIVITIES AND INFORMATION THAT MIGHT INFORM THE SCHOLARSHIP COMMITTEE'S DELIBERATIONS. REFERRAL FROM A USCTI MEMBER COMPANY OR VOCATIONAL SCHOOL/UNIVERSITY IS REQUIRED. IF THE REFERRAL COMES FROM A SCHOOL, A MEMBER COMPANY MUST BE LOCATED IN THE REGION AND MUST SUBMIT THE REFERRAL FOR IT TO QUALIFY. CURRENT STUDENTS MUST SUBMIT A WRITTEN REFERRAL FROM A GUIDANCE COUNSELOR, TEACHER, OR PRINCIPAL IN ADDITION TO THE MATERIALS MENTIONED ABOVE. ALL RECORDS ARE SAVED ON THE SHARED DRIVE FOLDER FOR USCTI SCHOLARSHIPS. FORM 990, PART VI, SECTION A, LINE 3 THE INSTITUTE IS MANAGED BY THOMAS ASSOCIATES, INC., WHO PROVIDES ALL SUPPORTING AND MANAGEMENT DUTIES. FORM 990, PART VI, SECTION A, LINE 6 THE INSTITUTE HAS THE FOLLOWING CLASSES OF MEMBERSHIP: FULL MEMBERSHIP: FULL MEMBERSHIP IN THE INSTITUTE IS OPEN TO ANY BUSINESS ENTITY ORGANIZED OR LEGALLY QUALIFIED TO DO BUSINESS IN NORTH AMERICA, IF THE ENTITY MANUFACTURES AND/OR RE-MANUFACTURES PRODUCTS, OR IS A POST-FABRICATION TOOL SURFACE TREATMENT PROVIDER, IN NORTH AMERICA. ASSOCIATE MEMBERSHIP: AN ENTITY THAT EMPLOYS 25 OR FEWER PERSONS AND THAT IS OTHERWISE QUALIFIED TO BECOME A FULL MEMBER OF THE INSTITUTE MAY, AT THE ENTITY'S OPTION, BECOME EITHER A FULL MEMBER OR AN ASSOCIATE MEMBER OF THE INSTITUTE. AN ASSOCIATE MEMBER OF THE INSTITUTE SHALL BE ENTITLED TO RECEIVE ALL STATISTICAL INFORMATION CONCERNING THE INDUSTRY PUBLISHED BY THE INSTITUTE; PROVIDED, HOWEVER, THAT SUCH A MEMBER MAY RECEIVE STATISTICS FOR ONLY THOSE REPORTS IN WHICH IT PROVIDES INDIVIDUAL COMPANY INFORMATION. RELATED COMPANY MEMBERSHIP: A BUSINESS ENTITY (WHETHER SEPARATELY INCORPORATED OR A DIVISION), WHICH WOULD BE QUALIFIED FOR FULL MEMBERSHIP IN THE INSTITUTE BUT FOR ITS RELATIONSHIP TO ANOTHER FULL MEMBER OF THE INSTITUTE, SHALL BE ELIGIBLE TO BE A RELATED COMPANY MEMBER OF THE INSTITUTE. A RELATED COMPANY MEMBER OF THE INSTITUTE SHALL BE ENTITLED TO RECEIVE ALL STATISTICAL INFORMATION CONCERNING THE INDUSTRY PUBLISHED BY THE INSTITUTE; PROVIDED, HOWEVER, THAT SUCH MEMBER MAY RECEIVE STATISTICS FOR ONLY THOSE REPORTS IN WHICH THE FULL MEMBER TO WHICH IT IS RELATED PROVIDES INFORMATION THAT INCLUDES INFORMATION OF THE RELATED COMPANY MEMBER. A RELATED COMPANY MEMBER OF THE INSTITUTE SHALL BE ENTITLED TO ATTEND INSTITUTE MEETINGS BY PAYING ANY APPLICABLE REGISTRATION FEE, BUT SHALL NOT BE ENTITLED TO VOTE THEREAT, BY LETTER BALLOT, OR BY EMAIL BALLOT. FORM 990, PART VI, SECTION A, LINE 7A AN ASSOCIATE MEMBER OF THE INSTITUTE SHALL BE ENTITLED TO ATTEND INSTITUTE MEETINGS BY PAYING A REGISTRATION FEE, BUT SHALL NOT BE ENTITLED TO VOTE THEREAT, BY LETTER BALLOT, OR EMAIL BALLOT OR BE ELIGIBLE TO BE REPRESENTED ON THE BOARD OF DIRECTORS. A RELATED COMPANY MEMBER OF THE INSTITUTE SHALL BE ENTITLED TO ATTEND INSTITUTE MEETINGS BY PAYING ANY APPLICABLE REGISTRATION FEE, BUT SHALL NOT BE ENTITLED TO VOTE THEREAT, BY LETTER BALLOT, OR BY EMAIL BALLOT. ALL BOARD MEMBERS SHALL BE ELECTED BY VOTE OF THE MEMBERS OF THE INSTITUTE ELIGIBLE TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA AND REVIEWED BY STAFF AND THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE FEES FOR INDEPENDENT CONTRACTORS ARE DETERMINED BY AND APPROVED BY THE BOARD OF DIRECTORS. COMPETITIVE QUOTES ARE OBTAINED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS (FORM 990) ARE AVAILABLE UPON REQUEST.