Overview
What is Industrial Fasteners Institute?
The Industrial Fasteners Institute is a nonprofit organization situated in Independence, Ohio, with a focus on representing its member companies in the global marketplace. Their mission is to boost the competitiveness, products, and innovative technology of these companies within their industry. The Institute provides resources and representation, acting as a bridge between suppliers, customers, the government, and the public at large. Their primary activities include promoting industry standards through publications like the 'Book of Fastener Standards' and the 'Online Book of Fastener Standards.' Additionally, they foster technological connections and advancements within the industry to ensure its continued growth and success. The organization comprises a small team of three dedicated professionals.
Official website here: www.indfast.org
Is Industrial Fasteners Institute legitimate?
Industrial Fasteners Institute is a legitimate nonprofit organization registered as a 501(c)(6) entity. Industrial Fasteners Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $139,661
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,637
For more financial information, click here
Official website here: www.indfast.org
What is the mission statement of Industrial Fasteners Institute?
The Industrial Fasteners Institute's mission is to represent its member companies in the global marketplace, serving both suppliers and customers while engaging with the government and the public at large. Their goal is to enhance the competitiveness, improve the quality of products, and promote innovative technology within the fasteners industry. The organization provides resources such as the Book of Fastener Standards and an online version, as well as fostering connections through technology.
Official website here: www.indfast.org
Who is the CEO of Industrial Fasteners Institute?
Daniel Walker is the Director of Industrial Fasteners Institute.
Official website here: www.indfast.org
What is the revenue of Industrial Fasteners Institute?
Industrial Fasteners Institute's revenue in 2022 was $1,624,957.
Official website here: www.indfast.org
Who are the executives of Industrial Fasteners Institute and what are their salaries?
The average compensation at Industrial Fasteners Institute during 2022 was $80,099. There are 3 employees at Industrial Fasteners Institute.
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- Compensation: $174,576
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- Other: $45,366
Official website here: www.indfast.org
Where can I find the form 990 for Industrial Fasteners Institute?
Industrial Fasteners Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indfast.org
Learn more at the official website: www.indfast.org
Mission Statement of Industrial Fasteners Institute
The Industrial Fasteners Institute, in its mission, aims to serve as a representative body for the industry, connecting with suppliers, customers, the government, and the public at large. Its primary objective is to enhance the competitiveness, improve the quality of products, and foster innovative technologies within its member companies in the global marketplace. To achieve this, the Institute maintains a "Book of Fastener Standards" and an "Online Book of Fastener Standards," providing a comprehensive resource for industry standards and guidelines. Additionally, the Institute offers a platform for technological advancements through its "Technology Connection" initiative, facilitating collaboration and knowledge-sharing among its members. By fulfilling this role, the Industrial Fasteners Institute plays a critical part in supporting the growth and success of its member companies in the competitive fasteners industry.
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Impact
October, 2024
The Industrial Fasteners Institute significantly influences the fastener industry by advocating for its members among suppliers, customers, government entities, and the general public. This representation is crucial for enhancing the competitiveness of its member companies in a global marketplace, where innovation and technology are essential for success.
By facilitating the development and dissemination of fastener standards, both through a comprehensive Book of Fastener Standards and an online resource, the Institute provides vital guidelines that help ensure quality and safety across the industry. This commitment to standardization not only aids manufacturers in maintaining high standards but also reinforces trust among consumers and stakeholders.
Additionally, the Institute fosters connections within the industry through its Technology Connection program, which promotes the exchange of ideas and advancements among members. By creating a collaborative environment, it enables companies to innovate and improve their products, ultimately benefiting the entire industry and contributing to community improvement.
Overall, the Industrial Fasteners Institute plays a critical role in strengthening the fastener industry by promoting standards, encouraging technological advancements, and enhancing competitiveness on a global scale.
This information is meant to be a general summary of Industrial Fasteners Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $50,033
- Program Service Revenue: $1,629,741
- Gross Receipts: $2,137,803
Assets and Liabilities:
- Total Assets: $3,278,047
- Total Liabilities: $1,124,917
- Net Assets: $2,153,130
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,023,017
MEETING REGISTR. FEES
Revenue
$486,888
TECHNOLOGY CONNECTIONS
Revenue
$119,836
Organization Details
Founding Year
1931
Phone
(216) 241-1482Principal Officer
Daniel Walker
Main Address
6363 OAK TREE BOULEVARD, INDEPENDENCE, OH, 44131
Website
www.indfast.orgNTEE Category
Code: S41 - Community improvement
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