Philanthropy, Voluntarism, and Grantmaking

Nuts, Bolts & Thingamajigs, the Foundation of the Fabricators & Manufacturers Association, Intl.

aka Nuts, Bolts & Thingamajigs, the Foundation of FMA, Intl

Elgin, IL

Mission

The mission of the Nuts, Bolts & Thingamajigs foundation is to engage, nurture and excite individuals of all ages to pursue careers in manufacturing.

Ruling Year

1998

President & CEO

Mr. Edward Youdell

Main Address

2135 Point Blvd.

Elgin, IL 60123 USA

Keywords

Metal Forming, Fabricating, Manufacturing, Education, Scholarships, Research, Engineering, Technical, Grants

EIN

36-4201897

 Number

5084031458

Cause Area (NTEE Code)

Fund Raising and/or Fund Distribution (T12)

Fund Raising and/or Fund Distribution (B12)

Professional Societies, Associations (O03)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs + Results

What we aim to solve New!

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Our programs

What are the organization's current programs, how do they measure success, and who do the programs serve?

SOURCE: Self-reported by organization

Scholarship Program

Summer Manufacturing Camp Grant

Where we workNew!

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Charting Impact

Five powerful questions that require reflection about what really matters - results.

SOURCE: Self-reported by organization

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

How will they know if they are making progress?

What have and haven't they accomplished so far?

The ultimate goal of NBT is to increase the number of people who pursue careers related to manufacturing and work in manufacturing environments.

The three primary strategies employed by NBT to accomplish our goals include:

1. Awarding grants to community colleges capable of hosting a summer manufacturing camp for students ages 12 to 16. NBT believes that the earlier we can inspire and encourage students to make things with their hands, the sooner they will discover their interest and passion for manufacturing, which improves the chance they make manufacturing their career of choice.

2. Awarding scholarships to students pursuing degrees in majors or fields of study which provide a foundation for manufacturing careers. Scholarships are given to students enrolled in two and four-year colleges and universities.

3. Working with educational and training providers such as community colleges and technical schools to develop programs focused on manufacturing and related careers. In collaboration with FMA's Certified Education Center (CEC) network, NBT awards grants for educational tools and resources, provides assistance for equipment acquisitions, and supports credential programs that help students obtain jobs in manufacturing.

NBT is positioned to achieve our goals with solid financial backing and successful fundraising events designed to engage manufacturers in being a part of the solution to the impending talent crisis. Funding sources include:

Endowments:
• The Fabricators & Manufacturers Association, NBT's parent organization, has established an operating endowment with a goal of fully funding it to $7 million by 2030.
• Gupta Family Endowed Scholarship Fund – established in 2010 with $50,000 principle.
• Outside Processors Council Endowment Fund (John Grossheim Memorial Scholarship) – established in 2011; principle balance is $122,000.

Events: (2) annual Silent Auctions, held in conjunction with industry conferences/events; GOLF4MFG; RUN4MFG; and other focused and/or regional fundraising events.

General donations: ongoing campaigns and annual appeals; corporate and individual donors.

Furthermore NBT supports marketing efforts and national campaigns, such as MFG Day, aimed at increasing awareness of the skills gap issue and improving public perception of manufacturing as a rewarding career choice.

Ultimately, if the skilled labor shortage is shrinking and there is broader awareness of the problem throughout North America, NBT is making progress. We will know our programs are making a positive impact when we see more students pursing manufacturing careers, an increase in the number of summer manufacturing camps and camp participants, and a rise in donation revenue, especially from the manufacturing sector.

Some of NBT's accomplishments to date include:
• Awarded over $738,000 in scholarships to 330 manufacturing students since inception in 1990.
• Summer manufacturing camp program has grown from supporting 1 camp in 2005 to 41 camps in 2016; number of camp participants since program inception is nearly 3,500.
• Awarded $560,000 in grants to schools running a summer manufacturing camp since 2005. Provide ongoing support to camps with curriculum, class materials, and marketing support.
• Created summer camp curriculum for students and instructors

Furthermore, NBT is focused on accomplishing these additional goals:
• Establishing a summer manufacturing camp in every U.S. state
• Expanding funding sources, i.e. applying for grant(s) from major foundation(s)
• Developing a mechanism to track scholarship winners to monitor their progress and compile statistics on manufacturing career retention.

External Reviews

Financials

Nuts, Bolts & Thingamajigs, the Foundation of the Fabricators & Manufacturers Association, Intl.

Fiscal year: Jan 01 - Dec 31

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Operations

The people, governance practices, and partners that make the organization tick.

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  • Address, phone, website and contact information
  • Forms 990 for 2016, 2015 and 2014
A Pro report is also available for this organization for $125.
Click here to see what's included.

Board Leadership Practices

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

SOURCE: Self-reported by organization

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Not Applicable

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Not Applicable

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Not Applicable

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

Not Applicable

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?

Not Applicable