Overview
What is Cast Metals Institute?
The Cast Metals Institute is a nonprofit organization situated in Schaumburg, Illinois. With a focus on promoting the fields of metalcasting manufacturing and utilization, the institute conducts extensive research and educational programs. During the fiscal year 2021-22, 485 students engaged in 35 courses, which included virtual, on-site, and In-Plant training. The institute also offers an unlimited E-Learning access service, subscribed to by 52 companies. The primary mission of the Cast Metals Institute is to contribute to the advancement of metalcasting arts and sciences, thereby fostering innovation and growth in this sector.
Official website here: www.afsinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Cast Metals Institute has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is based on a strong accountability framework, where the organization has demonstrated full independence among its board members and effective financial oversight. The institute also has policies in place for conflict of interest, whistleblower protections, and document retention, which contribute positively to its transparency.
Despite these strengths, the organization faces challenges regarding its program expense ratio, which stands at 57.93%. This score reflects that less than 60% of its expenses are allocated directly to programs, which could suggest a need for improvement in programmatic spending.
Overall, the Cast Metals Institute shows a commitment to financial accountability and governance, but potential donors and stakeholders may want to consider its program efficiency as a factor in their assessment of the organization's impact.
This AI summary has been generated from information found on Charity Navigator.
Is Cast Metals Institute legitimate?
Cast Metals Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cast Metals 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $187,247
For more financial information, click here
Official website here: www.afsinc.org
What is the mission statement of Cast Metals Institute?
The Cast Metals Institute is dedicated to progressing the field of metalcasting manufacturing and application by fostering research and education. Their mission, in essence, is to drive advancements in the arts and sciences related to metalcastings, contributing to the overall growth and development of this sector. During the fiscal year 2021-22, they provided 35 courses to 485 students, offering both virtual and on-site learning opportunities, as well as In-Plant training. Furthermore, 52 companies subscribed to their unlimited E-Learning access service at the end of the same fiscal year.
Official website here: www.afsinc.org
Who is the CEO of Cast Metals Institute?
Douglas Kurkul is the President of Cast Metals Institute. The CEO's salary of Cast Metals Institute is $0 and their total compensation is $281,409.
Official website here: www.afsinc.org
What is the revenue of Cast Metals Institute?
Cast Metals Institute's revenue in 2022 was $836,156.
Official website here: www.afsinc.org
Who are the executives of Cast Metals Institute and what are their salaries?
There 4 volunteers at Cast Metals Institute.
Here are 25 key members and their salaries (Cast Metals Institute's CEO's salary is $0 and their total compensation is $281,409):
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- Related: $246,651
- Other: $34,758
Official website here: www.afsinc.org
Where can I find the form 990 for Cast Metals Institute?
Cast Metals Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.afsinc.org
Learn more at the official website: www.afsinc.org
Mission Statement of Cast Metals Institute
Cast Metals Institute, as a non-profit organization, is dedicated to promoting the advancement of knowledge and techniques in the field of metalcasting. Its mission is centered around research and education, aiming to elevate the arts and sciences associated with metalcasting production and application. By engaging in these activities, the Institute seeks to contribute positively to the industry, fostering innovation and improving the overall quality and efficiency of metalcasting processes. During the fiscal year 2021-22, the Institute offered 35 courses to 485 students, demonstrating its commitment to education. In addition, 52 companies subscribed to its unlimited E-Learning access service, indicating a strong interest in the Institute's educational offerings. These activities underscore Cast Metals Institute's mission to be a leading resource for the metalcasting industry, promoting growth through research and education.
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Impact
October, 2024
The Cast Metals Institute significantly impacts the metalcasting industry by advancing the arts and sciences behind manufacturing and utilizing metal castings through dedicated research and educational initiatives. In the fiscal year 2021-22, the institute saw a substantial increase in engagement, with 485 students participating in 35 courses, compared to 387 students in 26 courses the previous year. This growth illustrates the rising interest and need for education in this field.
The courses offered were diverse, including virtual and on-site classroom options, as well as In-Plant training, catering to various learning preferences and company needs. Additionally, 52 companies benefited from unlimited access to E-Learning services, underscoring the institute's role in facilitating continuous professional development within the industry. By fostering a well-trained workforce and facilitating the exchange of knowledge, the Cast Metals Institute plays a crucial role in enhancing industry standards and driving innovation in metalcasting.
This information is meant to be a general summary of Cast Metals 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: $360,126
- Program Service Revenue: $458,413
- Gross Receipts: $3,498,723
Assets and Liabilities:
- Total Assets: $7,179,849
- Total Liabilities: $100,640
- Net Assets: $7,079,209
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition Revenue
Revenue
$349,413
E-Learning Subscription Revenue
Revenue
$109,000
Organization Details
Founding Year
1956
Phone
(847) 824-0181Principal Officer
Douglas Kurkul
Main Address
1695 N Penny Lane, Schaumburg, IL, 60173
Website
www.afsinc.orgNTEE Category
Code: B300 - Education
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