NonprofitsIndustry Advancement Fund Inc

Industry Advancement Fund Inc

SOUTHLAKE, TX

Total revenue

$109K

Total expenses

$160K

Net assets

$1.7M

Grants received

EIN

752086648

Tax year

2023

Mission

Research and scholarships in the drilled shaft industry

Programs

2 programs

Provide scholarships to outstanding graduate students at various engineering colleges and universities. The scholarships are awarded on an equal opportunity basis to the most qualified persons.

Expenses: $48KGrants: $48K

Provide education and field study workshops to faculty at civil engineering colleges and universities to work toward improving technology in the drilled shaft industry.provide funding for anchor earth retention research project, drilled shaft research projects, and micro-pile research projects.

Financials

FY 2023

Revenue

Contributions & grants$54K
Program service revenue
Investment income$56K
Other revenue
Total revenue$109K

Expenses

Grants paid$48K
Salaries & benefits
Fundraising
Other expenses$112K
Total expenses$160K
Total assets$1.7M
Net assets$1.7M

People

5 listed

NameRoleCompensation

BRUCE LONG

TRUSTEE

Board

8 hrs/wk

MIKE HAYES

TRUSTEE

Board

8 hrs/wk

A ROY KERN JR

TRUSTEE

Board

8 hrs/wk

TOM ARMOUR

TRUSTEE

Board

8 hrs/wk

LANCE KITCHENS

TRUSTEE

Board

8 hrs/wk

Details

EIN752086648
Subsection03
Ruling date1987-04
Formed1986
Employees0
Volunteers5
INDUSTRY ADVANCEMENT FUND INC — Mission, Financials & Grants Received | Grantivo