Nonprofit · EIN 34-0065420
INDUSTRIAL FASTENERS INSTITUTE
Tax-exempt · INDEPENDENCE, OH 44131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,082,767 | $2,144,480 | -$61,713 | $2,666,239 | $597,341 | $2,068,898 |
| December 31, 2024 | 990 | $2,186,410 | $2,085,271 | $101,139 | $3,217,396 | $1,138,359 | $2,079,037 |
| December 31, 2023 | 990 | $1,658,552 | $2,092,486 | -$433,934 | $3,028,187 | $1,152,703 | $1,875,484 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,089,263
- Investment income
- $96,642
- Net gain from sales of assets
- $23,695
- Net income from sales of inventory
- -$103,138
- Other revenue
- -$103,138
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $173,501
- Other salaries and wages
- $122,778
- Salaries, compensation and benefits (total)
- $430,751
- Professional fundraising fees
- $0
- Legal fees
- $26,133
- Accounting fees
- $26,656
- Occupancy
- $39,996
- Travel
- $91,958
- Depreciation
- $2,513
Balance sheet and other
- Total assets, start of year
- $3,217,396
- Total assets, end of year
- $2,666,239
- Total liabilities, end of year
- $597,341
- Net assets, end of year
- $2,068,898
- Land, buildings and equipment
- $17,803
- Publicly traded securities
- $1,692,296
- Net assets without donor restrictions
- $2,068,898
- Gross receipts
- $3,373,141
- Employees
- 3
- Volunteers
- 25
- Year formed
- 1931
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL WALKER | MANAGING DIRECTOR Officer | 40 | $216,876 | $58,329 |
| LARRY SPELMAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN VOLLMERT | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DAN CURTIS | EX OFFICIO CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| BRIAN PRODOEHL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN SHERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ATTSIE HASHIMOTO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEVIN WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE DIXON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG CARLTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTY GOEREE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN MEDCALF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAULA TOGNETTI | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL WALKER | MANAGING DIRECTOR Trustee or director, Officer | 40 | $210,832 | $48,472 |
| DAN CURTIS | CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 |
| LARRY SPELMAN | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 |
| GENE SIMPSON | EX OFFICIO CHAIRPERSON Trustee or director | 0 | $0 | $0 |
| BRIAN PRODOEHL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| STEVEN SHERMAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ATTSIE HASHIMOTO | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BOB GURROLA | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DEVIN WILSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JIM ERBS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| KEVIN VOLLMERT | DIRECTOR Trustee or director | 0 | $0 | $0 |
| GREG RAWLINGS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| STEVE DIXON | DIRECTOR Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL WALKER | MANAGING DIRECTOR Officer | 40 | $195,000 | $51,299 |
| BRIAN PRODOEHL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| STEVEN SHERMAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MICHELE CLARKE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BOB GURROLA | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DEVIN WILSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| WAYNE DRYSOL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| KEVIN VOLLMERT | DIRECTOR Trustee or director | 0 | $0 | $0 |
| GREG RAWLINGS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| RYAN SURBER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DAN CURTIS | VICE CHAIRPERSON Officer | 0 | $0 | $0 |
| JEFF LITER | EX OFFICIO CHAIRPERSON Officer | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6363 OAK TREE BLVD, INDEPENDENCE, OH 44131-2556
- Principal officer (990 for 2025)
- DANIEL WALKER, 6363 OAK TREE BOULEVARD, INDEPENDENCE, OH 44131
- Signed the 990
- DANIEL WALKER, MANAGING DIRECTOR
- Phone
- (216) 241-1482
- Website
- WWW.INDFAST.ORG
- Return prepared by
- REA & ASSOCIATES INC
Mission
TO REPRESENT THE INDUSTRY TO ITS SUPPLIERS, CUSTOMERS, THE GOVERNMENT, AND THE PUBLIC AT LARGE TO ADVANCE THE COMPETITIVENESS, PRODUCTS, AND INNOVATIVE TECHNOLOGY OF THE MEMBER COMPANIES IN A GLOBAL MARKETPLACE.
Program accomplishments
- BOOK OF FASTENER STANDARDS; ONLINE BOOK OF FASTENER STANDARDS; TECHNOLOGY CONNECTION; DIVISION MEETINGSPUBLICATIONS / STANDARDS SERVICES - PUBLICATIONS FOR NEWSLETTER, FASTENER APPLICATION ADVISORY, IDENTIFICATION MARKINGS & ETC. WERE ISSUED
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-0065420
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,666,239
- Income (IRS master file)
- $3,373,141
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,082,767 | $2,144,480 | $2,666,239 | XML |
| 990 | December 2024 | $2,186,410 | $2,085,271 | $3,217,396 | IRS |
| 990 | December 2023 | $1,658,552 | $2,092,486 | $3,028,187 | XML |
| 990 | December 2022 | $1,624,957 | $1,717,094 | $3,278,047 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-0065420).
Questions about INDUSTRIAL FASTENERS INSTITUTE
- What is the EIN of INDUSTRIAL FASTENERS INSTITUTE?
- The employer identification number (EIN) of INDUSTRIAL FASTENERS INSTITUTE is 34-0065420.
- Is INDUSTRIAL FASTENERS INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1943.
- Are donations to INDUSTRIAL FASTENERS INSTITUTE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDUSTRIAL FASTENERS INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDUSTRIAL FASTENERS INSTITUTE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDUSTRIAL FASTENERS INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INDUSTRIAL FASTENERS INSTITUTE?
- The 990 for the year ended December 31, 2025 names DANIEL WALKER.
- Who are the officers and directors of INDUSTRIAL FASTENERS INSTITUTE?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $216,876 (DANIEL WALKER, MANAGING DIRECTOR).
- How much revenue does INDUSTRIAL FASTENERS INSTITUTE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,082,767, expenses of $2,144,480 and total assets of $2,666,239 at year end.
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