Nonprofit · EIN 34-1568258
UNITED STATES CUTTING TOOL INSTITUTE
Tax-exempt · CLEVELAND, OH 44115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $606,822 | $549,696 | $57,126 | $1,057,448 | $119,752 | $937,696 |
| December 31, 2023 | 990 | $722,488 | $684,759 | $37,729 | $1,008,462 | $127,892 | $880,570 |
| December 31, 2021 | 990 | $559,107 | $594,254 | -$35,147 | $965,265 | $161,002 | $804,263 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $371,795
- Membership dues
- $371,795
- Program service revenue
- $210,134
- Investment income
- $24,893
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,289
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $25,551
- Accounting fees
- $11,700
- Travel
- $14,645
Balance sheet and other
- Total assets, start of year
- $1,008,462
- Total assets, end of year
- $1,057,448
- Total liabilities, end of year
- $119,752
- Net assets, end of year
- $937,696
- Net assets without donor restrictions
- $937,696
- Gross unrelated business income
- $37,400
- Gross receipts
- $606,822
- Employees
- 0
- Volunteers
- 176
- Year formed
- 1937
- State of legal domicile
- DC
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER BARTOS | DIRECTOR Trustee or director | 0.5 | $0 |
| STEVE BOYER | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| JEFF CEDERSTROM | DIRECTOR Trustee or director | 0.5 | $0 |
| SCOTT GOLDEN | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFFREY LAWSON | DIRECTOR Trustee or director | 0.5 | $0 |
| MIKE MACARTHUR | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFF MAJOR | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| MARK MULLEN | DIRECTOR Trustee or director | 0.5 | $0 |
| MIKE STOKEY | SENIOR VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| MATHIEU TAPP | DIRECTOR Trustee or director | 0.5 | $0 |
| DON TRIPLER | DIRECTOR Trustee or director | 0.5 | $0 |
| BRENT WILLIAMS | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER BARTOS | DIRECTOR Trustee or director | 0.5 | $0 |
| STEVE BOYER | SENIOR VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| JEFF CEDERSTROM | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFFREY LAWSON | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFF MAJOR | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| RICK MCINTRYE | DIRECTOR Trustee or director | 0.5 | $0 |
| MARK MULLEN | DIRECTOR Trustee or director | 0.5 | $0 |
| BRIAN NORRIS | DIRECTOR Trustee or director | 0.5 | $0 |
| MIKE STOKEY | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| MATHIEU TAPP | DIRECTOR Trustee or director | 0.5 | $0 |
| BRET TAYNE | DIRECTOR, IMMEDIATE PAST P Trustee or director, Officer | 0.5 | $0 |
| DON TRIPLER | DIRECTOR Trustee or director | 0.5 | $0 |
| BRENT WILLIAMS | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2021: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER BARTOS | DIRECTOR Trustee or director | 0.5 | $0 |
| STEVE BOYER | SENIOR VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| JEFF CEDERSTROM | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFFREY LAWSON | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFF MAJOR | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| RICK MCINTRYE | DIRECTOR Trustee or director | 0.5 | $0 |
| MARK MULLEN | DIRECTOR Trustee or director | 0.5 | $0 |
| BRIAN NORRIS | DIRECTOR Trustee or director | 0.5 | $0 |
| MIKE STOKEY | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| MATHIEU TAPP | DIRECTOR Trustee or director | 0.5 | $0 |
| BRET TAYNE | DIRECTOR, IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| DON TRIPLER | DIRECTOR Trustee or director | 0.5 | $0 |
| BRENT WILLIAMS | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1300 SUMNER AVE, CLEVELAND, OH 44115-2851
- Principal officer (990 for 2024)
- STEVE BOYER, 1300 SUMNER AVENUE, CLEVELAND, OH 441152851
- Signed the 990
- MELISSA ALLAY, SECRETARY/TREASURER
- Phone
- (216) 241-7333
- Website
- WWW.USCTI.COM
- Return prepared by
- CIUNI & PANICHI INC
Mission
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.
Program accomplishments
- 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."
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 | Not 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
- 34-1568258
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,057,448
- Income (IRS master file)
- $606,822
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $606,822 | $549,696 | $1,057,448 | IRS |
| 990 | December 2023 | $722,488 | $684,759 | $1,008,462 | XML |
| 990 | December 2022 | $710,562 | $671,701 | $1,060,008 | IRS |
| 990 | December 2021 | $559,107 | $594,254 | $965,265 | XML |
| 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 34-1568258).
Questions about UNITED STATES CUTTING TOOL INSTITUTE
- What is the EIN of UNITED STATES CUTTING TOOL INSTITUTE?
- The employer identification number (EIN) of UNITED STATES CUTTING TOOL INSTITUTE is 34-1568258.
- Is UNITED STATES CUTTING TOOL INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1989.
- Are donations to UNITED STATES CUTTING TOOL INSTITUTE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does UNITED STATES CUTTING TOOL 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 UNITED STATES CUTTING TOOL INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNITED STATES CUTTING TOOL INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of UNITED STATES CUTTING TOOL INSTITUTE?
- The 990 for the year ended December 31, 2024 names STEVE BOYER.
- Who are the officers and directors of UNITED STATES CUTTING TOOL INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does UNITED STATES CUTTING TOOL INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $606,822, expenses of $549,696 and total assets of $1,057,448 at year end.
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