EIN 36-3784945

The Aed Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1991
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The AED Foundation enhances the success of AED member companies encouraging continuous learning, providing educational opportunities for today's employees and improving the quantity and quality of available employees for the future.
Related structure
The Aed Foundation is a subordinate organization under Associated Equipment Distributors.
Total revenues
$4,125,761
2022
Total expenses
$1,528,167
2022
Total assets
$6,931,539
2022
Num. employees
0
2022

Program areas at The Aed Foundation

The Aed Foundation provided management level educational seminars and webinars for industry employees to improve their professional skills and leadership abilities in areas including sales, rental, customer management, finance, parts, service, product support, human resources and branch management. Independent study program - The independent study program is a function of professional education and is a means of educating managers without requiring them to leave The office or home. Seventeen available course modules offer industry-specific management education in people management and skills, sales & customer management, and The functional areas of: parts, service, finance and rental.
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 visibiltiy 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.

Who funds The Aed Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Associated Equipment DistributorsEducation$500,000
Berry FoundationAnnual Gift$112,500
Community Foundation of LouisvilleB99 Education N.E.C. *$20,000

Personnel at The Aed Foundation

NameTitleCompensation
Robert HendersonExecutive Vice President and Chief Operating Officer$0
Liz McCabeVice President of Foundation Operations and Association Programming
Tarah McShaneDirector of Development
Karina UtrerasAccreditation and Recognition Program Manager
Brian P. McGuirePresident$0
...and 12 more key personnel

Financials for The Aed Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,304,021
Program services$526,138
Investment income and dividends$87,524
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$199,893
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$8,185
Total revenues$4,125,761

Form 990s for The Aed Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-02-19990View PDF
2018-122020-06-08990View PDF
...and 9 more Form 990s
Data update history
October 13, 2024
Updated personnel
Identified 2 new personnel
July 11, 2024
Received grants
Identified 2 new grant, including a grant for $112,500 from Berry Foundation
December 29, 2023
Received grants
Identified 1 new grant, including a grant for $500,000 from Associated Equipment Distributors
December 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Trade associationsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Science and technologyBusiness and industry
Characteristics
Fundraising eventsEndowed supportProvides scholarshipsGala fundraisersTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
650 E Algonquin Rd Suite 305
Schaumburg, IL 60173
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
aedfoundation.org/ 
Phone
(630) 574-0650
IRS details
EIN
36-3784945
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Subordinate organization
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