AISC EDUCATION FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

AISC EDUCATION FOUNDATION INC

EIN 51-0243833 · Scholarships & Student Financial Aid (B82)

What they do

THE FOUNDATION SHALL OPERATE EXCLUSIVELY for CHARITABLE, EDUCATIONAL, and SCIENTIFIC PURPOSES WITHIN THE MEANING of 501(C)(3) of THE INTERNAL REVENUE CODE of 1986, AS AMENDED. IT SHALL HAVE, WITHOUT LIMITATION, THE FOLLOWING POWERS: SEE CONTINUED MISSION ON SCHEDULE OTO RECEIVE CONTRIBUTIONS, to ACCEPT, HOLD, INVEST, REINVEST and ADMINISTER ANY GIFTS, REQUESTS, DEVISES, BENEFITS or TRUSTS, and ANY PROPERTY of ANY KIND WHATSOEVER, BOTH REAL and PERSONAL, and to USE, DISBURSE, or DISTRIBUTE THE INCOME or PRINCIPAL THEREOF for EDUCATION SCHOLARSHIPS and FELLOWSHIPS to FURTHER COMPETENCE, CREATIVITY and INTEREST IN THE FABRICATED STRUCTURAL STEEL and ENGINEERING DESIGN INDUSTRIES and for ALL OTHER CHARITABLE, EDUCATIONAL, and SCIENTIFIC PURPOSES ALLOWED BY THE INTERNAL REVENUE CODE, and THE ILLINOIS GENERAL NOT for PROFIT LAW.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $99.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

42.50%of revenue went to mission work99.5% of expenses · Program services

$42.73spent for every $100 of revenueRevenue covered expenses this year.

0.23%of revenue went to management and office costs0.5% of expenses

$10.00in assets for every $1 spent this yearSome assets cannot be spent right away.

88.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $44,843 for CHARLES J CARTER (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,409,708

Mission workProgram services$599,13242.50% of revenue99.5% of expenses

ManagementOffice and general costs$3,2210.23% of revenue0.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$807,35557.27% of revenueShown in gray on the chart

Total expenses$602,35342.73% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 99.5% mission · 0.5% management · 0.0% fundraisingTotal expenses: 42.73% of revenue

2023Expense mix: 98.4% mission · 1.6% management · 0.0% fundraisingTotal expenses: 84.46% of revenue

2022Expense mix: 97.2% mission · 2.8% management · 0.0% fundraisingTotal expenses: 23.82% of revenue

2021Expense mix: 98.2% mission · 1.8% management · 0.0% fundraisingTotal expenses: 79.48% of revenue

2020Expense mix: 98.3% mission · 1.7% management · 0.0% fundraisingTotal expenses: 57.63% of revenue

2019Expense mix: 98.4% mission · 1.6% management · 0.0% fundraisingTotal expenses: 68.74% of revenue

2018Expense mix: 97.7% mission · 2.3% management · 0.0% fundraisingTotal expenses: 19.58% of revenue

2017Expense mix: 96.3% mission · 3.7% management · 0.0% fundraisingTotal expenses: 46.25% of revenue

Money in and money out

Revenue$1,409,708

Expenses$602,353

Annual surplus $807,355 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$599,132 · 99.5% of expenses

Management and office costs$3,221 · 0.5% of expenses

See all reported dollar amounts

Revenue$1,409,708

Expenses$602,353

Assets$6,021,407

Income$1,597,577

Contributions$1,245,565

Mission work (program services)$599,132

Grants given$189,750

Average grant$63,250

Management and general$3,221

Stocks and bonds$5,615,688

Investing fees$3,221

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CHARLES J CARTERPRESIDENT · 2 hrs/week $44,843Base · Other $44,843

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

CHARLES J CARTERPRESIDENT

EDWARD SEGLIASSECRETARY

PATRICIA CLAYTONMEMBER OF COMMITTEE

MACHEL MORRISONMEMBER OF COMMITTEE

KIM RODDISMEMBER OF COMMITTEE

JON D MAGNUSSONMEMBER OF COMMITTEE

JEFFREY SMILOWMEMBER OF COMMITTEE

GREGORY MICHAELSONMEMBER OF COMMITTEE

GLENN R TABOLTTREASURER

EMILY GUGLIELMOCHAIR

ANDREA E SUROVEKMEMBER OF COMMITTEE

DAVID ZALESNEMEMBER OF COMMITTEE

DAN KADRMASMEMBER OF COMMITTEE

CASEY A BROWNMEMBER OF COMMITTEE

BENJAMIN R BAERVICE CHAIR

BABETTE FREUNDMEMBER OF COMMITTEE

ANGIE MITCHELLMEMBER OF COMMITTEE

About this charity

Recognized since: January 1998
Location: 130 E RANDOLPH STREET 2000, CHICAGO, IL 606016204
County: Cook
In care of: CHARLES J CARTER
Primary officer: CHARLES J CARTER, PRESIDENT

How to reach them

WebsiteVisit the charity’s website EmailQuestionssolutions@aisc.org Phone(312) 670-2400

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: SIKICH LLC
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid
Grant-giving organization: Yes