Investment Casting Institute
The Investment Casting Institute (ICI) is a Montvale, New Jersey-based public charity that describes itself as a nonprofit technical association representing businesses in the investment casting sector. Founded in 1953, it supports the industry and its members through technical, educational, professional, and academic activities.
Investment Casting Institute at a glance
In short: Investment Casting Institute gave $680K across 10 grants in 2025 (avg $68K), top state Missouri. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $679,936
- -1.1% vs 2024
- Grants made (2025)
- 10
- -23.1% vs 2024
- Average grant
- $67,994
- +28.5% vs 2024
- Median grant
- $61,331
- Total assets
- $1,743,559
- -13.6% vs 2024
- Primary geography
- Missouri (30% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Investment Casting Institute
- Contact
Mailing address: 1 Paragon Dr 113, Montvale, NJ 07645-1744
Phone: (201) 573-9770
Website: https://investmentcasting.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Investment Casting Institute funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Missouri University of Science & Technology ($204K). Together the top 10 received $680K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 14 grants of 24 (58%).
Geographic Focus
Where this funder awards grants
The reported 2025 grant dollars went to recipients in multiple states. The largest shares were in Missouri (30%), New York (14%), Arizona (14%), Nebraska (13%), and Illinois (11%).
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
Cities
How Investment Casting Institute gives
- 100% of 2025 grantees were also funded in 2024. Method
Estimate from itemized grant lists in IRS Form 990 filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $8K (2023) to $688K (2024). In 2025 it made 10 grants totaling $680K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Missouri University of Science & Technology Rolla, MO | Reimbursable expenses incurred as a subrecipient on a government contract with | $203,531 |
| University of Arizona Tucson, AZ | Reimbursable expenses incurred as a subrecipient on a government contract with | $93,822 |
| Tethon Corporation Omaha, NE | Reimbursable expenses incurred as a subrecipient on a government contract with | $89,935 |
| Concurrent Resources LLC Rochester, NY | Reimbursable expenses incurred as a subrecipient on a government contract with | $87,050 |
| Product Development & Analysis LLC Naperville, IL | Reimbursable expenses incurred as a subrecipient on a government contract with | $77,525 |
| Rangeview Inc El Segundo, CA | Reimbursable expenses incurred as a subrecipient on a government contract with | $45,136 |
| Foundry Support Operations LLC Mentor, OH | Reimbursable expenses incurred as a subrecipient on a government contract with | $41,255 |
| Intrepid Automation San Diego, CA | Reimbursable expenses incurred as a subrecipient on a government contract with | $22,212 |
| Alfred University Alfred, NY | Reimbursable expenses incurred as a subrecipient on a government contract with | $10,409 |
| Shellcast Inc Montague, MI | Reimbursable expenses incurred as a subrecipient on a government contract with | $9,061 |
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Financial History
Multi-year comparison from IRS filings
The 2025 filing reports 10 grants, the 2024 filing reports 13, and the 2023 filing reports 1.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,743,559 | $2,308,478 | $2,396,210 | $679,936 | 10 | $12,860 |
| 2024 | $2,018,300 | $2,334,332 | $2,288,486 | $687,823 | 13 | $19,409 |
| 2023 | $1,553,547 | $1,542,646 | $1,546,332 | $8,320 | 1 | $14,862 |
| 2022 | $1,572,753 | $1,511,176 | $1,561,137 | — | — | $8,259 |
| 2021 | $1,584,015 | $1,162,992 | $1,067,768 | — | — | $5,920 |
| 2020 | $1,460,203 | $718,035 | $848,047 | — | — | $19,809 |
| 2019 | $1,501,979 | $1,363,451 | $1,368,660 | — | — | $23,274 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
ICI’s mission is to market the investment casting industry and support its members by facilitating professional, academic, educational, and technical interests. It aims to provide a forum for advances in technology and product quality for customers and manufacturers, while promoting free trade, fair competition, and compliance with U.S. laws and regulations concerning commerce and industrial trade.
The institute’s stated activities include technical and educational programming, industry research, and support for member collaboration. Its 2025 filing says members may apply for $5,000 toward a technical collaboration project, with findings to be shared with the membership at the annual technical conference. Members may also apply for $5,000 toward intern funding, subject to the intern qualifying for scholarship consideration and presenting the project at the conference.
ICI’s reported 2025 payments included universities and businesses. Alfred University received $10,409; the university describes its mission as helping students realize their purpose through its strengths in Intersections, Mentorship, and Inclusivity. The filing lists the grant purpose as reimbursable expenses incurred as a subrecipient on a government contract.
Grantmaking
In filing year 2025, ICI reported 10 grants totaling $679,936. Grants ranged from $9,061 to $203,531, with a median of $61,330. The listed purposes describe reimbursable expenses incurred as subrecipients on a government contract.
The largest reported grants were $203,531 to Missouri University of Science & Technology; $93,822 to the University of Arizona; $89,935 to Tethon Corporation; $87,050 to Concurrent Resources LLC; and $77,525 to Product Development & Analysis LLC. Each was reported for reimbursable expenses incurred as a subrecipient on a government contract.
ICI’s website also describes an intern scholarship program for eligible college juniors and seniors who have completed a paid industry internship and are sponsored by a company. Applicants are asked to submit an application co-signed by the sponsoring company and a 500-word career statement. This is a scholarship for students, rather than a grant program for outside organizations. The website-listed August 1, 2026 application deadline is past.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Ty Ueland as president, Juan Molina as vice president, and Nipendra Singh as past president. Directors listed are Al Torok, Bob Johnson, Brad Desplinter, Erich Knoespel, Phil Geers, Aaron Phipps, and Bill Schaub.
Investment Casting Institute is led by Joe Fritz, Former Executive Director & CEO on the 2025 filing; 3 of 16 officers listed in 2025 are compensated.
Officers on the 2025 filing
Joe Fritz
Former Executive Director & CEO
New on the 2025 filing
No compensation reported
Timothy Sullivan
Executive Director
New on the 2025 filing
40 hrs/week
$107K (2025)
Ty Ueland
President
Director → Vice President, 2023
Vice President → President, 2025
On filings since 2019
2.3 hrs/week
No compensation reported
Merrin Muxlow
Partnerships & Marketing Director
New on the 2025 filing
40 hrs/week
$104K (2025)
Al Torok
Director
On filings since 2019
1.2 hrs/week
No compensation reported
Brad Desplinter
Director
On filings since 2019
1.2 hrs/week
No compensation reported
Bob Johnson
Director
On filings since 2021
1.2 hrs/week
No compensation reported
Erich Knoespel
Director
On filings since 2022
0.9 hrs/week
No compensation reported
Phil Geers
Director
On filings since 2023
0.7 hrs/week
No compensation reported
Aaron Phipps
Director
On filings since 2024
0.8 hrs/week
No compensation reported
Bill Schaub
Director
New on the 2025 filing
1 hr/week
No compensation reported
Conrad Holek
Director
New on the 2025 filing
0.7 hrs/week
No compensation reported
Randy Altman
Director
New on the 2025 filing
0.7 hrs/week
No compensation reported
Nora D'ambra
Business Administrator
On filings since 2024
40 hrs/week
$101K (2024) → $105K (2025)
Nipendra Singh
Past President
Vice President → President, 2023
President → Past President, 2025
On filings since 2019
0.3 hrs/week
No compensation reported
Juan Molina
Vice President
Director → Vice President, 2025
On filings since 2022
2 hrs/week
No compensation reported
Former officers (15)
- Former: John Marcin (2019–2024) — Past President
- Former: Joseph E. Fritz (2019–2024) — Executive Director & CEO
- Former: John Morison IV (2023–2024) — Director
- Former: Rich Kilpatrick (2023–2024) — Director
- Former: James Wright (2021–2023) — Director
- Former: Julie Markee (2019–2022) — Director
- Former: Mike Hascher (2019–2022) — Director
- Former: Russ Gallagher (2019–2022) — Director
- Former: Tim Sullivan (2019–2022) — Past President
- Former: Sonny Tran (2020–2021) — Outgoing Director
- Former: Joseph Laflamme (2021) — Director
- Former: Steve Olson (2021) — Outgoing Director
- Former: Frank Lysiak (2019–2020) — Past President
- Former: Mike Hendricks (2019–2020) — Director to
- Former: Cliff Fischer (2019) — Director to
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $107K, to Timothy Sullivan (Executive Director). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Investment Casting Institute
How much does Investment Casting Institute give each year?
Investment Casting Institute gave $680K across 10 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $688K across 13 grants.
What is Investment Casting Institute's typical grant size?
Investment Casting Institute's median grant in 2025 was $61,331, and its average grant was $67,994, across 10 grants on its 2025 IRS Form 990.
Where does Investment Casting Institute give grants?
Investment Casting Institute's top state is Missouri, with 30% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were New York (14%) and Arizona (14%).
Does Investment Casting Institute give general operating support?
Not in 2025: none of the 10 grants with a stated purpose on Investment Casting Institute's 2025 IRS Form 990 were described as general or operating support.
Who are Investment Casting Institute's largest grantees?
Investment Casting Institute's largest 2025 grantees include Missouri University of Science & Technology ($203,531), University of Arizona ($93,822) and Tethon Corporation ($89,935), according to its 2025 IRS Form 990. Together they received 57% of its itemized 2025 grant dollars.
How large is Investment Casting Institute?
Investment Casting Institute reported $1.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.3M.
What does Investment Casting Institute fund?
ICI’s mission is to market the investment casting industry and support its members by facilitating professional, academic, educational, and technical interests. See mission & focus areas ↑
How do I apply for a grant from Investment Casting Institute?
Investment Casting Institute has no public application process in the sources Grantable reviewed. Check investmentcasting.org for current guidelines, or contact the foundation directly before submitting a request.
What is Investment Casting Institute's EIN?
Investment Casting Institute's EIN (Employer Identification Number) is 23-7087832. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS March 28, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 28, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS April 27, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS May 11, 2020)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Investment Casting Institute funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/investment-casting-institute-morg_87e36936d5ce4bbb8e2b7c8a85c82610
BibTeX
@misc{grantable_237087832_2026,
author = {{Grantable}},
title = {{Investment Casting Institute funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/investment-casting-institute-morg_87e36936d5ce4bbb8e2b7c8a85c82610},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Investment Casting Institute's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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