Nonprofit · EIN 36-3784945
AED FOUNDATION INC
Tax-exempt · SCHAUMBURG, IL 60173
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,156,006 | $2,162,008 | $993,998 | $11,076,932 | $290,055 | $10,786,877 |
| December 31, 2023 | 990 | $4,338,669 | $1,940,478 | $2,398,191 | $9,698,761 | $284,172 | $9,414,589 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,915,247
- Program service revenue
- $710,551
- Investment income
- $200,853
- Net income from fundraising events
- $327,905
- Other revenue
- $329,355
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $772,726
- Salaries, compensation and benefits (total)
- $969,564
- Professional fundraising fees
- $0
- Legal fees
- $21,431
- Accounting fees
- $25,800
- Occupancy
- $57,507
- Travel
- $124,543
- Program services (functional)
- $1,214,895
- Management and general (functional)
- $801,299
- Fundraising (functional)
- $145,814
Balance sheet and other
- Total assets, start of year
- $9,698,761
- Total assets, end of year
- $11,076,932
- Total liabilities, end of year
- $290,055
- Net assets, end of year
- $10,786,877
- Publicly traded securities
- $5,843,917
- Net assets without donor restrictions
- $8,552,401
- Net assets with donor restrictions
- $2,234,476
- Gross receipts
- $3,366,034
- Employees
- 0
- Volunteers
- 22
- Year formed
- 1991
- State of legal domicile
- IL
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Brian P McGuire | President & CEO Trustee or director, Officer | 1 | $0 | $452,291 | $25,500 |
| Robert Henderson | Emeritus Highest-paid employee | 5 | $0 | $181,232 | $0 |
| Diane Benck | Chairwoman Trustee or director, Officer | 5 | $0 | $0 | $0 |
| Ron Barlet | Vice Chairman Trustee or director, Officer | 5 | $0 | $0 | $0 |
| Marshall Anderson | AED Board Representative Trustee or director, Officer | 5 | $0 | $0 | $0 |
| Darren Grahsl | Treasurer Trustee or director, Officer | 5 | $0 | $0 | $0 |
| Tim Watters | Past Chairman Trustee or director, Officer | 5 | $0 | $0 | $0 |
| Dan Fitzpatrick | At-Large Director Trustee or director | 5 | $0 | $0 | $0 |
| Bill Chimley | At-Large Director Trustee or director | 5 | $0 | $0 | $0 |
| Brady Seavert | At-Large Director Trustee or director | 5 | $0 | $0 | $0 |
| Scott Young | At-Large Director Trustee or director | 5 | $0 | $0 | $0 |
| Buck Baird | At-Large Director Trustee or director | 5 | $0 | $0 | $0 |
| Adam Gilbertson | At-Large Director Trustee or director | 5 | $0 | $0 | $0 |
| Kristin Girard | At-Large Director Trustee or director | 5 | $0 | $0 | $0 |
| Jonathan Shilling | At-Large Director Trustee or director | 5 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carine Sauvignon | At-Large Director Trustee or director | 5 | $0 |
| Jonathan Berry | At-Large Director Trustee or director | 5 | $0 |
| John Somers | At-Large Director Trustee or director | 5 | $0 |
| Jim Kessler | At-Large Director Trustee or director | 5 | $0 |
| Kenny Bishop | At-Large Director Trustee or director | 5 | $0 |
| Joel DiMarco | At-Large Director Trustee or director | 5 | $0 |
| Michael Brennan | At-Large Director Trustee or director | 5 | $0 |
| Josh Lucas | At-Large Director Trustee or director | 5 | $0 |
| Michael W Johnson | At-Large Director Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ROBERT HENDERSON | EMERITUS Key employee | 40 | $0 | $170,359 |
| TIMOTHY J WATTERS | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| DIANE BENCK | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| DARREN GRAHSL | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| JEFFREY SCOTT | PAST CHAIRMAN Trustee or director | 5 | $0 | $0 |
| JERRY DONLON | AED REPRESENTATIVE Trustee or director, Officer | 5 | $0 | $0 |
| MICHAEL BRENNAN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| WHIT PERRYMAN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| SCOTT YOUNG | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MICHAEL W JOHNSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| KENNY BISHOP | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ADAM GILBERTSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DAN FITZPATRICK | DIRECTOR Trustee or director | 5 | $0 | $0 |
| BUCK BAIRD | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JONATHAN BERRY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JOEL DIMARCO | DIRECTOR Trustee or director | 5 | $0 | $0 |
| TERRYL LINDSEY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JOHN SOMERS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| KRISTIN GIRARD | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JIM HERON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| BILL CHIMLEY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JONATHAN SHILLING | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JIM KESSLER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| BRIAN MCGUIRE | PRESIDENT Officer | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 650 E ALGONQUIN RD STE 305, SCHAUMBURG, IL 60173-3853
- Principal officer (990 for 2024)
- Brian McGuire, 650 E Algonquin Road 305, Schaumburg, IL 60173
- Signed the 990
- Brian McGuire, President
- Phone
- (630) 574-0650
- Return prepared by
- Aprio Advisory Group LLC
Mission
The AED Foundation enhances the success of AED member companies by encouraging continuous learning, providing educational opportunities for today's employees and improving the quantity and quality of available employees for the future.
Program accomplishments
- The AED Foundation provided management level educational seminars and webinars for industry employees to improve their professional skills and leadership abilities in areas including sales, rental, customer management, finance, parts, service, product support, human resources and branch management. Independent study program - the independent study program is a function of professional education and is a means of educating managers without requiring them to leave the office or home. Seventeen available course modules offer industry-specific management education in people management and skills, sales & customer management, and the functional areas of: parts, service, finance and rental.Expenses $583,675 · revenue $423,303
- Image Building - Image building is a function of workforce development and includes the aedcareers.com student recruitment website, recruitment tools offered to dealers on aedworkforce.com, and inter-organizational coalitions geared toward increasing awareness and interest in construction related careers. Team formation & support - team formation & support is also a function of workforce development and includes AED accreditation of post-secondary college academic programs in equipment technology, recognition of other post-secondary technical programs via the AED recognized <state> education alliance program, AED recognition of high school technical programs, and promoting local dealer engagement in local workforce development initiatives. These programs are services and do not generate income to the foundation, except in the cases of school accreditation and the education alliance, where a nominal application fee is required to help defray administrative costs. The foundation continues to stress the importance of workforce development projects, increasing the visibility of industry related careers through two websites: aedworkforce.com and aedcareers.com. Technician job applicants and dealer workforce recruitment tools are made available for local dealer initiatives on aedworkforce.com. Aedcareers.com provides students with the opportunity to thoroughly explore the dealer equipment technician career opportunity.Expenses $631,220 · revenue $287,248
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
- 36-3784945
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99Z)
- Assets (IRS master file)
- $11,076,932
- Income (IRS master file)
- $3,366,034
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $4,338,669 | $1,940,478 | $9,698,761 | IRS |
| 990 | December 2022 | $4,125,761 | $1,528,167 | $6,931,539 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about AED FOUNDATION INC
- What is the EIN of AED FOUNDATION INC?
- The employer identification number (EIN) of AED FOUNDATION INC is 36-3784945.
- Is AED FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to AED FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AED FOUNDATION INC 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 AED FOUNDATION INC 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 AED FOUNDATION INC 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 AED FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Brian McGuire.
- Who are the officers and directors of AED FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 0 received compensation from the organization.
- How much revenue does AED FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,156,006, expenses of $2,162,008 and total assets of $11,076,932 at year end.
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