2024-04-06T21:54:01-05:00 2023-06-30 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2022-07-01 362491586 Cast Metals Institute CAST 8478240181 1695 N Penny Lane Schaumburg IL 60173 Douglas Kurkul Chief Executive Officer 8478240181 2024-04-03 1 Douglas Kurkul XXX-XX-XXXX 1 Ariel Garcia P02244437 3126343400 2024-04-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Douglas Kurkul 1695 N Penny Lane Schaumburg IL 60173 3559433 0 X www.afsinc.org X 1956 IL To advance the arts and sciences relating to the manufacture and utilization of metalcastings through research and education. 20 20 0 20 0 0 6921 626 458413 394752 360126 131389 10696 14145 836156 540912 0 0 0 0 231140 280722 0 0 0 320608 375305 551748 656027 284408 -115115 7179849 7734537 100640 151524 7079209 7583013 To advance the arts and sciences relating to the manufacture and utilization of metalcastings through research and education. 0 0 386801 0 405897 A total of 433 students attended 35 courses presented during the fiscal year 2022-23, as compared to the prior year when 485 students attended 35 courses. Course offerings in the current year included virtual and on-site classroom, as well as In-Plant training. A total of 77 companies had subscriptions to the unlimited E-Learning access service at the end of the fiscal year 2022-23. 386801 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 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 1 0 1 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X Christopher Oswald 8478240181 1695 N Penny Lane Schaumburg IL 60173 Bradford Muller President 0.30 0.30 X X 0 0 0 Angela Schmeisser Vice President 0.30 0.30 X X 0 0 0 David Gilson 2nd Vice President (as of 4/23) 0.30 0.30 X X 0 0 0 Adam San Solo Immedate Past President 0.30 0.30 X X 0 0 0 Michael L Lenahan Immediate Past Pres. (until 4/23) 0.30 0.30 X X 0 0 0 Dr Laura Bartlett Director 0.30 0.30 X 0 0 0 George Boyd Jr Director 0.30 0.30 X 0 0 0 Alan Brink Director 0.30 0.30 X 0 0 0 Michael Halsband Director 0.30 0.30 X 0 0 0 Kiley Eck Hayon Director 0.30 0.30 X 0 0 0 Rob Johnson Director 0.30 0.30 X 0 0 0 Jim Mancuso Director 0.30 0.30 X 0 0 0 Jay M Morrison Director 0.30 0.30 X 0 0 0 Bill Nestel Director 0.30 0.30 X 0 0 0 Andrew Renkey Director 0.30 0.30 X 0 0 0 Peter Satre Director 0.30 0.30 X 0 0 0 Liz Ulman Director 0.30 0.30 X 0 0 0 Matt Cook Director (as of 4/23) 0.30 0.30 X 0 0 0 Brett Fisher Director (as of 4/23) 0.30 0.30 X 0 0 0 Earl Miller Director (as of 4/23) 0.30 0.30 X 0 0 0 Amanda Torkelson Director (as of 4/23) 0.30 0.30 X 0 0 0 Patrick T Ameen Director (until 4/23) 0.30 0.30 X 0 0 0 John P Haas Director (until 4/23) 0.30 0.30 X 0 0 0 John Lancaster Director (until 4/23) 0.30 0.30 X 0 0 0 Douglas Kurkul Chief Executive Officer 5.00 45.00 X 0 252039 35509 0 252039 35509 0 0 1 0 0 626 626 Tuition Revenue 611600 274585 274585 E-Learning Subscription Revenue 900099 120167 120167 394752 183488 183488 2966422 3018521 -52099 -52099 -52099 11145 0 11145 11145 3000 3000 3000 540912 405897 0 134389 218602 218602 4277 4277 41348 41348 16495 16495 8750 8750 13783 13783 36909 36909 2440 2288 152 17577 4089 13488 12642 12642 31898 31898 1624 1624 68810 68810 9399 9399 5438 5438 Admin Services from AFS 147785 147785 Course Development 18250 18250 656027 386801 269226 0 17835 10182 137974 350600 0 440 6001 3901 258504 242056 25846 16448 6980218 7337192 11975 15774 7179849 7734537 8891 22878 87660 113593 4089 15053 100640 151524 X 6843652 7346830 235557 236183 7079209 7583013 7179849 7734537 -115115 618919 0 X 0 1 X 1 0 X 15000 680 1461 6921 626 24688 556177 303598 452924 467663 405897 2186259 571177 304278 454385 474584 406523 2210947 0 0 0 2210947 223897 182456 171716 178335 183488 939892 223897 182456 171716 178335 183488 939892 3050 3050 8257 1446 3000 18803 798124 489784 634358 654365 593011 3169642 0.69750 0.71510 0.29650 0.27910 X Schedule A, Part III, Line 12, Explanation of Other Income: Miscellaneous Revenue - 2018 Amount: $ 3,050. 2019 Amount: $ 3,050. 2020 Amount: $ 8,257. 2021 Amount: $ 1,446. 2022 Amount: $ 3,000. 197747 197747 197747 197747 197747 197747 197747 197747 197747 197747 0.00000 1.00000 0.00000 0 0 189746 173298 16448 68758 68758 0 16448 Interorganization Balances 15053 15053 X 1135447 618919 12525 631444 504003 36909 36909 540912 631643 12525 12525 619118 36909 36909 656027 Part V, Line 4: The endowment fund was established to provide support for course development, current education programs, and the general operations of the Cast Metals Institute. Part X, Line 2: The Institute is exempt from income taxes under 501(c)(3) of the Internal Revenue Code and applicable state law. The Institute follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Institute may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Institute. There were no unrecognized tax benefits identified or recorded as liabilities during the periods covered by these financial statements. The Institute files form 990 in the U.S. federal jurisdiction and the State of Illinois. 0 0 0 0 0 0 0 0 0 Douglas Kurkul Chief Executive Officer 0 231247 0 20000 0 792 0 7175 0 28334 0 287548 0 0 Part I, Line 3 The compensation is determined by the related organization, American Foundry Society. The following methods were used: -Compensation committee -Compensation survey or study -Approval by the board or compensation committee Form 990, Part VI, Section A, line 2 Douglas Kurkul is employed by American Foundry Society. Cast Metals Institute and American Foundry Society share board members. Form 990, Part VI, Section A, line 6 The sole member of the corporation shall be the American Foundry Society, an Illinois not-for-profit corporation. Form 990, Part VI, Section A, line 7a Directors shall be elected annually by the sole member of the corporation in April, or at such other time as may be determined by the sole member. Form 990, Part VI, Section A, line 7b The corporation shall not merge or consolidate with any other corporation or entity, nor sell, lease, exchange or transfer over 10% of its assets, nor agree to any contract or engage in any other transaction where the amount involved exceeds $50,000 without the approval by the sole member. Form 990, Part VI, Section B, line 11b Board resolution passed August 2009 delegates this responsibility to the Finance Committee for independent review before filing. The Form 990 is also provided to all members of the governing body before it is filed. Form 990, Part VI, Section B, line 12c All new board members sign the conflict of interest policy at the beginning of their 4 year term. The conflict of interest policy is renewed annually at the August board meeting each year a board member serves. Due to the nature of our industry, there is an awareness of what is happening within to informally monitor throughout the year. If a conflict occurs, the board member would recuse themselves from voting on the matter. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request for the same period of disclosure as set forth in IRC Section 6104(d). American Foundry Society 1695 N Penny Lane Schaumburg IL 60173 360725470 Metalcasting Services & Promotion IL 501(c)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 1 American Foundry Society N 210878 FMV American Foundry Society O 280722 FMV American Foundry Society R 480616 Cash Transfers