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Distributor's Link Magazine Summer 2018 / Vol 41 No3

56 THE DISTRIBUTOR’S

56 THE DISTRIBUTOR’S LINK Jo Morris Marketing Director, Fastener Training Institute ® FASTENER TRAINING INSTITUTE ® 5318 East 2nd Street #325, Long Beach, CA 90803 TEL 562-473-5373 FAX 661-449-3232 EMAIL info@fastenertraining.org WEB www.fastenertraining.org NONPROFIT - A GROUP MAKING A DIFFERENCE IN THE COMMUNITY...NOW THAT’S FTI When you think of “Nonprofits” what do you think of? Large organizations like the American Red Cross or Big Brothers Big Sisters? Public charities or associations formed to benefit the community by providing needed services to those who could not normally afford them. From the PTA to Make a Wish, nonprofits have positively impacted our communities and daily lives touching each of us whether we know it or not. The Fastener Training Institute, unbeknownst to many, is a 501(c)(6) nonprofit; created for the same reasons as any other nonprofit… to provide an affordable provision (training) to those who need it. Realizing how prevalent nonprofits are in our communities, it is notable to mention a few misconceptions about why they exist and how they survive. Arguably, one of the most noteworthy fallacies regarding nonprofits is that they should be financially sustainable, self-sufficient through earned income sources. The reality is most nonprofits will never be financially self-supporting due to the nature of why they were created in the first place, to provide goods and services to those who can’t afford them. The Fastener Training Institute’s mission is to offer as many affordable, content-rich, fastener-related courses to as many people as possible. Our offering includes more than 27 classes, in 12 cities, plus monthly webinars. Positive revenue is absorbed into maintaining the existing array of classes we offer plus long-term growth. Another misconception regarding nonprofits is that they are run without operating costs, managed (or instructed) by volunteers. One of the primary directives TECHNICAL ARTICLE of the Fastener Training Institute is to bring the fastener industry experts, and their topics of expertise, to the public. Funds are required for course development, instructor fees, textbooks, tours, marketing and general course production. These costs are essential to delivering superior training. Continuing the topic of nonprofit misnomers is that we are large with countless funding resources. The reality is that many nonprofit organizations, including FTI, are small in budget and resources. We rely heavily on grants, private donations, sponsorships and class enrollments to sustain. Charitable giving offers numerous tax benefits to the donor and measurable value to the receiving sector. In 2014 The Fastener Education Foundation, 501(c) (3), was created as a tax-deductible way for companies and individuals to help develop and fund fastenerrelated education. FEF has helped FTI fund new course development, online training and live class productions. Without the assistance from the Fastener Education Foundation, FTI’s programs of study would be greatly reduced. The need for training has been established, distinguished personnel are retiring, businesses are booming, and development programs have proven to build productivity. It has also been established that training is costly and time consuming. The Fastener Training Institute is an essential program for the fastener industry to mobilize around; retooling skill sets to meet the economy’s growth patterns in sectors where it’s needed. CONTINUED ON PAGE 136

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