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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Philanthropy, Voluntarism & Grantmaking Steel Founders' Society Foundation

Steel Founders' Society Foundation

Fiscal year ending 2024. Filed on October 28, 2025.

780 Mcardle Drive G
Crystal Lake, Illinois 60014

Steel Founders' Society Foundation (EIN: 36-4389361) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2024 IRS Form 990 filing, Steel Founders' Society Foundation, a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $431,578. The highest compensated employee at Steel Founders' Society Foundation is Raymond Monroe with fiscal year 2024 compensation of $525,623.

Revenue, expenses, and employee compensation

Revenue

$25,112

Expenses

$11,591

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Raymond Monroe
Executive Vice President
$525,623
$0 $481,504 $44,119
Kelly Moritz
Treasurer
$337,533
$0 $293,689 $43,844

Benchmark Employee Compensation

Non-Employee Board Members

Jeff Burek
Director
John Cory
Vice President
Max Holman
Former President
Robert Harrison
President

Mission Statement

THE OBJECTS AND PURPOSES OF THE CORPORATION SHALL BE EXCLUSIVELY CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING BUT NOT LIMITED TO SUPPORTING EDUCATIONAL ACTIVITIES, FUNDING SCHOLARSHIPS FOR STUDENTS TO STUDY ENGINEERING, PROVIDING SUPPORT FOR ENGINEERING WORK STUDY PROGRAMS, MAKING GRANTS TO SUPPORT SCIENTIFIC RESEARCH IN SUCH AREAS AS BASIC PHYSICS CONCERNING SOLIDIFICATION AND FLOW OFMELTED METALS, AND ENGINEERING PROPERTIES OF CASTINGS FOR DESIGN. THE PURPOSE OF THE CORPORATION SHALL BE TO SUPPORT STEEL FOUNDERS' SOCIETY OF AMERICA AND ANY ORGANIZATIONS WITHIN A CLASS OF ORGANIZATIONS SERVING THE MISSION OF STEEL FOUNDERS' SOCIETY OF AMERICA.

Revisions to this organization profile

October 28, 2025:
2024 Steel Founders' Society Foundation 990 filed
August 29, 2024:
2023 Steel Founders' Society Foundation 990 filed
November 2, 2023:
2022 Steel Founders' Society Foundation 990 filed

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