Philanthropy, Voluntarism, and Grantmaking

Fabricators & Manufacturers Association Foundation

  • Rockford, IL
  • http://www.nutsandboltsfoundation.org/

Mission Statement

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

Main Programs

  1. Scholarship Program
  2. Summer Manufacturing Camp Grant
Service Areas

Self-reported

National

Throughout the United States

ruling year

1998

President & CEO

Self-reported

Mr. Edward Youdell

Keywords

Self-reported

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

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EIN

36-4201897

 Number

5084031458

Physical Address

833 Featherstone Rd.

Rockford, 61107

Also Known As

Nuts, Bolts & Thingamajigs, the Fnd of Fma, Intl

Contact

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.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

According to industry studies, indications are that manufacturing will continue to grow over the next decade and nearly 3.5 million jobs will be needed. At the same time however, it is predicted that 2 million of those job will go unfilled due to a widening skills gap (Deloitte LLP and the Manufacturing Institute, 2015). The burgeoning talent crisis will only get worse as manufacturing workers begin retiring in droves and there is not a workforce with the right skills to replace them.
The goal of Nuts, Bolts & Thingamajigs (NBT), the foundation of the Fabricators & Manufacturers Association, is to help every young person learn the skills that manufacturing employers need and value. The summer manufacturing camp grant and scholarship programs of NBT help fill the pipeline of future workers and inspire the next generation of manufacturers, inventors, and entrepreneurs.

Programs

Self-reported by organization

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

Program 1

Scholarship Program

The Foundation is distributing at least 25 college and trade school scholarships. The Foundation will also provide programs that will change the image of manufacturing and encourage todays youth to consider metal forming and fabricating as a potential career.

Category

Population(s) Served

Budget

Program 2

Summer Manufacturing Camp Grant

Nuts, Bolts & Thingamajigs awards grants annually to trade schools and community or technical colleges capable of hosting a summer camp program for girls and/or boys ages 12-16.

Category

Population(s) Served

Budget

Charting Impact

Self-reported by organization

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

  1. What is the organization aiming to accomplish?
    The ultimate goal of NBT is to increase the number of people who pursue careers related to manufacturing and work in manufacturing environments.
  2. What are the organization's key strategies for making this happen?
    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.
  3. What are the organization's capabilities for doing this?
    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.
  4. How will they know if they are making progress?
    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.
  5. What have and haven't they accomplished so far?
    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.
Service Areas

Self-reported

National

Throughout the United States

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

NUTSBOLTS&THINGAMAJIGSTHE FOUNDATION OF THE FABRICATORS & MANUFACTURERS ASSOCIATION INTL
Fiscal year: Jan 01-Dec 31
Yes, financials were audited by an independent accountant.

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Operations

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

Fabricators & Manufacturers Association Foundation

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2014, 2014 and 2013
  • Board Chair and Board Members
  • Access to the GuideStar Community
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President & CEO

Mr. Edward Youdell

BIO

Ed Youdell joined the Fabricators & Manufacturers Association, International® (FMA) in 2007 as group publisher of FMA Communications, Inc. after serving more than 18 years in the publishing and trade show industries. He became president & CEO of FMA, FMA Communications, and FMA's charitable foundation, Nuts, Bolts & Thingamajigs® in December 2011.
He has a B.S. in Business Administration from Central Michigan University in Mount Pleasant, MI.

Based in Rockford, Ill., FMA is a professional organization with nearly 2,500 members working together to improve the metal processing, forming, and fabricating industry. Founded in 1970, FMA brings metal fabricators and fabricating equipment manufacturers together through technology councils, educational programs, networking events, seven industry-specific trade publications and the FABTECH® tradeshow.

Governance

BOARD CHAIR

David Brown

No Affiliation

Term: Oct 2015 - Oct 2016

BOARD LEADERSHIP PRACTICES

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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?


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CEO OVERSIGHT

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


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ETHICS & TRANSPARENCY

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


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BOARD COMPOSITION

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


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BOARD PERFORMANCE

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