2024-11-14T08:00:11-06:00 2023-12-31 341322309 CIUNI & PANICHI INC 25201 CHAGRIN BLVD 200 CLEVELAND OH 441225683 990 2023-01-01 341568258 UNITED STATES CUTTING TOOL INSTITUTE UNIT 2162417333 1300 SUMNER AVENUE CLEVELAND OH 441152851 MELISSA ALLAY SECRETARY/TREASURER 2162417333 2024-11-12 1 0 ANTHONY J CONSTANTINE CPA P00449016 2168317171 2024-11-12 2023 2024-10-15 13:58:12Z JEFF MAJOR 1300 SUMNER AVENUE CLEVELAND OH 441152851 722488 0 X WWW.USCTI.COM X 1937 DC SEE PART III, LINE 1 13 13 0 210 43500 42500 383520 387897 327034 319842 8 14749 0 0 710562 722488 5000 5000 0 0 0 0 0 0 0 666701 679759 671701 684759 38861 37729 1060008 1008462 217167 127892 842841 880570 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 0 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 P 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 295000 1 387897 387897 MEETINGS & CONFERENCE INCOME 900099 319842 276342 43500 319842 14749 14749 722488 276342 43500 14749 5000 295000 36984 8550 4750 6892 267553 2313 INCOME TAX EXPENSE 8925 IHS MARKET FORECAST 16300 OTHER EXPENSES 13053 BANK FEES 11924 7515 684759 1026942 468592 3925 7373 29141 23130 509367 1060008 1008462 103802 20423 113365 107469 217167 127892 X 842841 880570 842841 880570 1060008 1008462 37729 0 X 0 1 X 1 0 0 1 0 0 CD - US BANK 259367 C CD - PREMIER BANK 250000 C 509367 X 722488 0 722488 0 722488 684759 0 684759 0 684759 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. 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.