NonprofitsAed Foundation Inc

Education

Aed Foundation Inc

SCHAUMBURG, IL

Total revenue

$3.2M

Total expenses

$2.2M

Net assets

$10.8M

Grants received

$1.6M

16 grants

EIN

363784945

Tax year

2024

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.

Programs

1 program

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: $631K

Financials

FY 2024

Revenue

Contributions & grants$1.9M
Program service revenue$711K
Investment income$201K
Other revenue$329K
Total revenue$3.2M

Expenses

Grants paid
Salaries & benefits$970K
Fundraising$146K
Other expenses$1.2M
Total expenses$2.2M
Total assets$11.1M
Net assets$10.8M

People

24 listed

NameRoleCompensation

Diane Benck

Chairwoman

Board

5 hrs/wk

Ron Barlet

Vice Chairman

Board

5 hrs/wk

Marshall Anderson

AED Board Representative

Board

5 hrs/wk

Darren Grahsl

Treasurer

Board

5 hrs/wk

Tim Watters

Past Chairman

Board

5 hrs/wk

Dan Fitzpatrick

At-Large Director

Board

5 hrs/wk

Bill Chimley

At-Large Director

Board

5 hrs/wk

Brady Seavert

At-Large Director

Board

5 hrs/wk

Scott Young

At-Large Director

Board

5 hrs/wk

Buck Baird

At-Large Director

Board

5 hrs/wk

Adam Gilbertson

At-Large Director

Board

5 hrs/wk

Kristin Girard

At-Large Director

Board

5 hrs/wk

Jonathan Shilling

At-Large Director

Board

5 hrs/wk

Carine Sauvignon

At-Large Director

Board

5 hrs/wk

Jonathan Berry

At-Large Director

Board

5 hrs/wk

John Somers

At-Large Director

Board

5 hrs/wk

Jim Kessler

At-Large Director

Board

5 hrs/wk

Kenny Bishop

At-Large Director

Board

5 hrs/wk

Joel DiMarco

At-Large Director

Board

5 hrs/wk

Michael Brennan

At-Large Director

Board

5 hrs/wk

Josh Lucas

At-Large Director

Board

5 hrs/wk

Michael W Johnson

At-Large Director

Board

5 hrs/wk

Brian P McGuire

President & CEO

Board

1 hrs/wk

Robert Henderson

Emeritus

Staff

5 hrs/wk

Grants received

Showing 16 of 16

FromAmountPurposeYear
$113K
ANNUAL GIFT
2023
$50K
CHARITABLE DONATION
2023
$20K
VISION 2025 CAMPAIGN
2023
$20K
B99 EDUCATION N.E.C.*
2023
$20K
B99 EDUCATION N.E.C.*
2022
$12K
ANNUAL GIFT
2022
$50K
FOR ITS VISION 2025 CAMPAIGN
2021
$20K
B99 EDUCATION N.E.C.*
2021
$12K
ANNUAL GIFT
2021
$11K
ANNUAL GIFT
2020

Funded by

$1.6M from 7 funders · 16 grants · 2018–2024

Associated Equipment Distributors

$1.3M · 3 grants · 2022–2024

Berry Foundation Inc

$148K · 4 grants · 2020–2023

The Community Foundation Of

$65K · 4 grants · 2018–2023

Akron Community Foundation

$50K · 1 grant · 2021

Charities Aid Foundation America

$50K · 1 grant · 2023

Stanislaus Community Foundation

$13K · 2 grants · 2023–2024

Details

EIN363784945
NTEE codeB99Z
Subsection03
Ruling date1992-01
Formed1991
Employees0
Volunteers22
AED FOUNDATION INC — Mission, Financials & Grants Received | Grantivo