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← INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS INC

Form 990 for tax year 2023

Filed by INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS INC.

Totals

Total revenue
$650,214,983
Total expenses
$534,932,193
Contributions and grants received
$3,547,665
Grants paid
$8,445,461
Program service revenue
$571,745,371
Investment income
$65,471,049
Other revenue
$9,450,898
Total assets, end of year
$1,331,862,893
Total liabilities, end of year
$290,714,058
Net assets or fund balances, end of year
$1,041,148,835
Program services expenses (Part IX)
$518,571,299
Management and general expenses
$15,837,123
Fundraising expenses
$523,771
Program service expenses (Part III)
$518,571,299

Program services were 96.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $3,496,739

  • 1f · All other contributions, gifts and grants

    $50,926

  • 1g · Noncash contributions included above

    $22,312

  • 2a · Program service revenue: Membership & Public Imperatives

    total $46,403,408 · related or exempt $46,403,408

  • 2b · Program service revenue: Periodicals

    total $253,833,407 · related or exempt $253,833,407

  • 2c · Program service revenue: Conferences

    total $219,040,948 · related or exempt $219,040,948

  • 2d · Program service revenue: Standards

    total $46,042,991 · related or exempt $46,042,991

  • 2e · Program service revenue: Advertising Revenue

    total $6,424,617 · unrelated business $6,424,617

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $30,263,618 · excluded $30,263,618

  • 5 · Royalties

    total $6,199,115 · excluded $6,199,115

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $492,730,255

  • 7b · Less cost or other basis and sales expenses

    securities $457,522,824

  • 7c · Gain or loss

    securities $35,207,431 · other assets $0

  • 7d · Net gain or loss

    total $35,207,431 · excluded $35,207,431

  • 11a · Other revenue: Intercompany Services & Other

    total $2,772,852 · unrelated business $2,772,852

  • 11b · Other revenue: Engineering Certification Programs

    total $478,931 · unrelated business $478,931

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,251,783

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,631,489 · program services $3,631,489

  • 2 · Grants to domestic individuals

    total $2,607,837 · program services $2,607,837

  • 3 · Grants to foreign organizations and individuals

    total $2,206,135 · program services $2,206,135

  • 5 · Compensation of officers, directors and key employees

    total $4,536,278 · program services $3,269,105 · management and general $1,267,173

  • 6 · Compensation of disqualified persons

    total $113,978 · program services $113,978

  • 7 · Other salaries and wages

    total $146,821,840 · program services $145,325,760 · management and general $1,493,002 · fundraising $3,078

  • 8 · Pension plan contributions

    total $21,299,636 · program services $21,211,481 · management and general $87,723 · fundraising $432

  • 9 · Other employee benefits

    total $15,429,686 · program services $15,429,240 · management and general $114 · fundraising $332

  • 10 · Payroll taxes

    total $9,715,605 · program services $8,946,199 · management and general $769,199 · fundraising $207

  • 11b · Fees: legal

    total $2,102,701 · program services $2,095,873 · management and general $6,828

  • 11c · Fees: accounting

    total $675,048 · management and general $675,048

  • 11f · Fees: investment management

    total $1,729,400 · management and general $1,729,400

  • 11g · Fees: other

    total $60,022,709 · program services $58,950,070 · management and general $953,345 · fundraising $119,294

  • 12 · Advertising and promotion

    total $13,918,160 · program services $13,837,199 · management and general $51,230 · fundraising $29,731

  • 13 · Office expenses

    total $23,057,791 · program services $22,613,659 · management and general $379,287 · fundraising $64,845

  • 14 · Information technology

    total $20,669,741 · program services $19,732,548 · management and general $866,299 · fundraising $70,894

  • 15 · Royalties

    total $4,847,700 · program services $4,847,700

  • 16 · Occupancy

    total $7,295,913 · program services $3,058,951 · management and general $4,236,962

  • 17 · Travel

    total $45,386,432 · program services $44,429,216 · management and general $893,473 · fundraising $63,743

  • 19 · Conferences, conventions and meetings

    total $88,859,426 · program services $88,652,794 · management and general $204,632 · fundraising $2,000

  • 20 · Interest

    total $587,931 · program services $580,536 · management and general $7,395

  • 22 · Depreciation, depletion and amortization

    total $7,837,368 · program services $6,431,968 · management and general $1,403,000 · fundraising $2,400

  • 23 · Insurance

    total $2,636,307 · program services $2,449,187 · management and general $185,900 · fundraising $1,220

  • 24a · Other expenses: Commission Expense

    total $26,182,090 · program services $26,182,090

  • 24b · Other expenses: Publication Expense

    total $19,118,580 · program services $18,518,604 · management and general $579,159 · fundraising $20,817

  • 24c · Other expenses: Members and Region Expenses

    total $3,642,412 · program services $3,449,680 · management and general $47,954 · fundraising $144,778

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,601,685 · end of year $13,116,784

  • 2 · Savings and temporary cash investments

    beginning of year $149,966,000 · end of year $262,763,200

  • 3 · Pledges and grants receivable

    beginning of year $293,227 · end of year $465,153

  • 4 · Accounts receivable

    beginning of year $44,234,715 · end of year $72,283,031

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,273,224 · end of year $15,530,396

  • 10a · Land, buildings and equipment: cost or other basis

    $124,542,063

  • 10b · Land, buildings and equipment: accumulated depreciation

    $98,510,036

  • 10c · Land, buildings and equipment, net

    beginning of year $27,563,678 · end of year $26,032,027

  • 11 · Investments: publicly traded securities

    beginning of year $702,828,578 · end of year $772,015,393

  • 12 · Investments: other securities

    beginning of year $183,099,608 · end of year $162,873,808

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $7,318,603 · end of year $6,783,101

  • 17 · Accounts payable and accrued expenses

    beginning of year $79,553,737 · end of year $107,476,561

  • 19 · Deferred revenue

    beginning of year $128,816,688 · end of year $118,128,478

  • 21 · Escrow or custodial account liability

    beginning of year $54,106,412 · end of year $65,109,019

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $877,350,181 · end of year $1,038,554,135

  • 28 · Net assets with donor restrictions

    beginning of year $2,352,300 · end of year $2,594,700

Mission and programs · 2023

Mission

MISSION STATEMENT: IEEE's core purpose is to foster technological innovation and excellence for the benefit of humanity. VISION STATEMENT: IEEE will be essential to the global technical community and to technical professionals everywhere and be universally recognized for the contributions of technology and of technical professionals in improving global conditions.

Activities or mission (Part I)

Advancing Technology for Humanity. IEEE and its members inspire a global community through professional and educational activities, technical publications, conferences, and technology standards, envisioning a sustainable future. IEEE is focused on engaging, inspiring, and leading global communities to address critical challenges through technology. From sustainability efforts to initiatives on how to ensure artificial intelligence applications follow industry standards, IEEE continues to have a strong voice in how we can provide leadership for these crucial efforts.

  • CONFERENCES: In 2023, IEEE conferences continued to showcase the latest groundbreaking research, while exploring new strategies to promote sustainability and accessibility. As a part of IEEE's efforts to reduce the environmental impact of its conferences, IEEE joined the Net Zero Carbon Events Initiative, a leading industry initiative to address climate change. Virtual, in-person, and hybrid options provide networking opportunities, access to cutting edge technical literature, resources for continuing education, and innovative collaboration. In 2023, IEEE sponsored 2,121 conferences with 562,030 attendees. The 2023 IEEE International Conference on Acoustics, Speech and Signal Processing (ICASSP) returned to an in-person experience in Rhodes Island, Greece, breaking records in participation with an increase of 50% in papers and more than 4,000 participants. The success of this returning summit proves the central role of signal processing in the development and success of AI. The IEEE International Conference on Robotics and Automation (ICRA) was hosted in London and set an all-time attendance record with 6,000 participants. The conference roster featured the most influential and innovative figures in the world of robotics and automation delivering plenary speeches, workshops, business talks, and other interactive activities. The IEEE Bangladesh Section and IEEE Kerala Section jointly organized the 9th IEEE International Women in Engineering (WIE) Conference in Kerala, India, uniting leaders of academic research and scholars to exchange their experiences and research.

    Expenses $176,947,236 · Grants $5,500 · Revenue $219,040,948

  • PERIODICALS: The IEEE Xplore(R) Digital Library is one of the world's largest collections of technical literature in engineering, computer science and related technologies with over 6.1 million documents available in its vast repository. In 2023, IEEE published 244,578 conference articles and 91,020 journal and magazine articles. IEEE's publishing program, in its efforts to drive enhancements in sustainability, had regular additions to the IEEE Climate Change Collection, featuring articles on the causes, mitigation, and adaption of climate change. IEEE continues to deliver groundbreaking research in its industry-leading publications and share its technical expertise around the world on the technologies that will shape the future. In 2023, IEEE reached a new milestone with over 100,000 open access articles published and now available in the IEEE Xplore Digital Library. Articles are from IEEE's hybrid journals, fully open access journals, and IEEE Access, which celebrated its 10-year publishing Anniversary this year. To commemorate the occasion, IEEE curated a collection of the top 10 most impactful IEEE Access articles over the last decade. IEEE reached a three-year open access agreement with Hellenic Academic Libraries Link (HEAL-Link), a consortium of over 43 Greek universities and institutions, as well as CRUE, a consortium of Spanish Universities. Greek and Spanish researchers belonging to participating institutions may now publish open access articles in approximately 200 IEEE journals and magazines, making them instantly available to the general public at no cost. IEEE maintains its position as one of the top publishers of science and technology journals, continuing to be a trusted source for communicating quality technical information that will help inspire and share the next breakthrough technologies.

    Expenses $172,179,065 · Revenue $253,833,407

  • MEMBERSHIP & PUBLIC IMPERATIVES: IEEE is a public charity with a global presence, but its impact starts at the local level, through its members and volunteers who actively work to improve the lives of others. IEEE serves as the home where like-minded and passionate individuals join together and help push technology to new frontiers. With 344 sections and more than 4,000 chapters worldwide, IEEE facilitates the active participation of thousands of members and volunteers, who help contribute to the IEEE mission. In 2023, IEEE had a total of 460,709 members from more than 190 countries worldwide, including 171,056 student members, and 391,074 society members from the 39 Technical Societies. In 2023 IEEE members and volunteers collaborated with leading organizations and continued delivering on technological advancements and solutions to address the world's most pressing challenges to shape a better future. COLLABORATING ON CLIMATE CHANGE: IEEE acts as a conduit, enabling collaboration between technology and engineering professionals, policymakers, and other organizations to foster on-going dialogue on sustainable energy policies and practices. A) The IEEE Technology Center for Climate was established to support collaboration and knowledge sharing with leading institutions to explore and implement technology to address climate change. B) IEEE climate change inventory of activities was developed to identify opportunities for further collaboration within IEEE and with other organizations. C) The "Net Zero Warriors" initiative was launched to motivate and facilitate key innovation and technology challenges in energy transition, to enable decarbonization across the energy spectrum. D) IEEE's Climate Change website (https://climate-change.ieee.org/) makes IEEE resources on climate change broadly accessible, allowing members and non-members to collaborate, participate, and engage with the IEEE Climate Change community. E) 2023 IEEE Sections Congress brought together over 1,000 participants from IEEE Sections across the globe and featured a Climate Change Pavilion highlighting over 50 climate change projects executed by local Sections, Societies, IEEE Young Professionals and more in support of sustainability efforts. FOCUS ON EDUCATION: IEEE continues to lead in the area of engineering and technology education, providing resources for pre-university, university, and continuing professional education. From innovative STEM and pre-university education and recognition programs through continuing professional education for practitioners and engineering faculty, IEEE inspires lifelong learning. A) The IEEE TryEngineering program empowers educators to foster the next generation of technology innovators, affording teachers the tools to integrate sustainability themes into lesson plans to encourage students. The IEEE TryEngineering website features a collection of resources including activities, lessons, and new in 2023, a specialized section on Climate Change. B) The IEEE EPICS in IEEE Access & Abilities Competition challenged IEEE student teams across the United States to develop engineering solutions to address accessibility challenges. Student projects included a soft exosuit for ambulatory patients with spinal muscular atrophy, a smart E-TRIKE with detachable wheels for disabled students, and a self-navigating robotic walking aid for the elderly. C) IEEE Education Week - a weeklong celebration of lifelong learning - highlights the diverse educational programs and resources available throughout IEEE for students, educators, and technical professionals. The second annual IEEE Education Week featured over 180 local and regional events, panels, talks, and workshops. D) IEEEXtreme, a global challenge in which thousands of teams of IEEE student members compete in a 24-hour time span to solve a set of real-world programming problems, continues to be popular with the next generation of technologists. More than 7,000 teams (17,000 individual team members) across 69 countries participated in IEEEXtreme 17.0. TECH ETHICS: IEEE continues to be very active in the intersection between technology and ethics. A) The IEEE TechEthics website (https://techethics.ieee.org/) provides access to technology ethics resources and information from across IEEE including education modules, articles, session recordings and ethics frameworks. B) The IEEE Standard for Age Appropriate Digital Services (IEEE 2089TM), which supports the growing need for designing digital products and services with the best interests of children in mind, has served as the foundation for laws in the UK and other regions. C) IEEE-USA hosted three meetings with the Congressional AI caucus where it shared insights on AI technology and workforce issues. IEEE-USA worked directly with federal regulators and congressional offices to help craft the rules that will govern AI technology in the United States. DIVERSITY AND INCLUSION: The IEEE Diversity and Inclusion Committee continued to incorporate DEI practices into IEEE Policies and Procedures throughout the organization. A volunteer toolkit was launched to bolster DEI initiatives throughout the IEEE community and support these ongoing activities in this area. HUMANITARIAN EFFORTS WORLDWIDE: IEEE is proud to engage and collaborate with global communities to help make our world a more sustainable, humane, and prosperous place. The IEEE Humanitarian Activities Committee (HAC) and Special Interest Group on Humanitarian Technology (SIGHT) funded and implemented numerous life-changing programs in 2023. A) IEEE Uganda Section installed a solar system comprised of six solar panels, two batteries, one inverter and a charging port to provide sustainable and clean energy to the Nyakinengo Health Centre, directly benefiting over 500 current patients and their families. B) IEEE Ecuador Section used its funding to implement a smart irrigation system to improve land production of crops, benefiting more than 350 people in the rural community of Cruz Loma. C) IEEE Malaysia Section designed and deployed an integrated solar lighting and camera surveillance system for a fishing village of 200 residents, to allow better understanding of crocodiles and their behavior in the area. D) IEEE Argentina Section set up a community garden, cheese production operations and refrigeration system to empower residents to engage in new income-generating activities. IEEE's Mobile Outreach Vehicle (MOVE) continues its mission to assist victims of natural disasters where volunteers provided critical communications infrastructure and support to federal resource centers and American Red Cross responders working in impacted communities. In 2023, IEEE expanded the MOVE program to provide outreach services to India and the Caribbean. More than 50 portable emergency solar mobile chargers and easily deployable solutions were assembled throughout the country of India. In 2023 IEEE MOVE responded to three disaster events in the United States - Hurricane Lee in New England, Hurricane Idalia in Florida, and the Mississippi tornados.

    Expenses $120,014,031 · Grants $8,439,961 · Revenue $46,403,408

  • STANDARDS: The IEEE Standards Association approved 188 new standards in 2023 for publication addressing biases, safety, privacy, transparency, and corporate governance to help ensure scientific integrity for the public. IEEE continued to grow its collection of standards geared towards sustainability, climate change, and overall social responsibility solutions: A) IEEE 1547, Series of standards covering the interconnection of distributed energy resources with electric power systems B) IEEE 1680.1, Standard for Environmental and Social Responsibility Assessment of Computers and Displays C) IEEE 1801, Standard for Design and Verification of Low-Power, Energy-Aware Electronic Systems D) IEEE 1888, Standard for Ubiquitous Green Community Control Network Protocol E) IEEE P2030.5, Standard for Smart Energy Profile Application Protocol F) IEEE P7802, Standard for Measurement and Verification of Reduction of Greenhouse Gases for Climate Action Projects and Solutions. G) IEEE 2089, Standard for Age Appropriate Digital Services IEEE makes selected Standards available free of charge through the IEEE GET Program, which aims to expand the global reach of technical knowledge developed by industry, accelerate adoption of IEEE standards, contribute to an open knowledge community, promulgate open information exchange to foster innovation, and connect IEEE with the development of world-changing technologies for the benefit of humanity. In 2023, IEEE introduced the GET Program for AI Ethics and Governance Standards, to expand free access to standards in artificial intelligence, ethics, and governance that provide guidance and considerations towards trustworthy AI.

    Expenses $49,430,967 · Revenue $46,042,991

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eduardo F Palacio

    Director & President IEEE-USA

    Total calculated
    $0
    Hours/week
    10

  • Forrest D Wright

    Director & Secretary

    Total calculated
    $0
    Hours/week
    10

  • Jill I Gostin

    Director & Vice President, Member and Geographic Activities

    Total calculated
    $0
    Hours/week
    10

  • John P Verboncoeur

    Director & Vice President, Technical Activities

    Total calculated
    $0
    Hours/week
    10

  • Mary Ellen Randall

    Director & Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Rabab Ward

    Director & Vice President, Educational Activities

    Total calculated
    $0
    Hours/week
    10

  • Saifur Rahman

    IEEE President and CEO

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Sergio Benedetto

    Director & Vice President, Publication Services and Products

    Total calculated
    $0
    Hours/week
    10

  • Thomas M Coughlin

    IEEE President-Elect

    Total calculated
    $0
    Hours/week
    10

  • Ali H Sayed

    Director & Delegate, Division IX

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Alistair P Duffy

    Director & Delegate, Division IV

    Total calculated
    $0
    Hours/week
    5

  • Andrew D Lowery

    Director & Delegate, Region 2

    Total calculated
    $0
    Hours/week
    5

  • Bob G Becnel

    Director & Delegate, Region 5

    Total calculated
    $0
    Hours/week
    5

  • Cecilia Metra

    Director & Delegate, Division V

    Total calculated
    $0
    Hours/week
    5

  • ChunChe Fung

    Director & Delegate, Region 10

    Total calculated
    $0
    Hours/week
    5

  • Claudio Caizares

    Director & Delegate, Division VII

    Total calculated
    $0
    Hours/week
    5

  • Enrique A Tejera

    Director & Delegate, Region 9

    Total calculated
    $0
    Hours/week
    5

  • Franco Maloberti

    Director & Delegate, Division I

    Total calculated
    $0
    Hours/week
    5

  • Greg T Gdowski

    Director & Delegate, Region 1

    Total calculated
    $0
    Hours/week
    5

  • James E Matthews III

    Director & President, Standards Association

    Total calculated
    $0
    Hours/week
    10

  • Jenifer Castillo Rodriguez

    Director & Delegate, Region 9

    Total calculated
    $0
    Hours/week
    5

  • K J Ray Liu

    IEEE Past President

    Total calculated
    $0
    Hours/week
    10

  • Kamal Al-Haddad

    Director & Delegate, Division VI

    Total calculated
    $0
    Hours/week
    5

  • Kathy Hayashi

    Director & Delegate, Region 6

    Total calculated
    $0
    Hours/week
    5

  • Kevin L Peterson

    Director & Delegate, Division II

    Total calculated
    $0
    Hours/week
    5

  • Khaled Ben Letaief

    Director & Delegate, Division III

    Total calculated
    $0
    Hours/week
    5

  • Leila De Floriani

    Director & Delegate, Division VIII

    Total calculated
    $0
    Hours/week
    5

  • Robert L Anderson

    Director & Delegate, Region 7

    Total calculated
    $0
    Hours/week
    5

  • Stephanie M White

    Director & Delegate, Division X

    Total calculated
    $0
    Hours/week
    5

  • Theresa A Brunasso

    Director & Delegate, Region 3

    Total calculated
    $0
    Hours/week
    5

  • Vickie A Ozburn

    Director & Delegate, Region 4

    Total calculated
    $0
    Hours/week
    5

  • Vincenzo Piuri

    Director & Delegate, Region 8

    Total calculated
    $0
    Hours/week
    5

  • Yu Yuan

    Director & President, Standards Association

    Total calculated
    $0
    Hours/week
    10

  • Sophia A Muirhead

    Assistant Secretary & Executive Director

    Total calculated
    $996,771
    From this org
    $770,958
    From related orgs
    $0
    Other
    $225,813
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $637,933
    Bonus
    $97,746
    Other
    $35,279
    Deferred
    $207,750
    Nontaxable benefits
    $18,063
    Filer's total
    $996,771

  • Thomas Siegert

    Assistant Treasurer, Staff Executive & CFO

    Total calculated
    $622,813
    From this org
    $567,622
    From related orgs
    $0
    Other
    $55,191
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $463,584
    Bonus
    $82,547
    Other
    $21,491
    Deferred
    $43,500
    Nontaxable benefits
    $11,691
    Filer's total
    $622,813

  • Cecelia Jankowski

    Managing Director Member & Geounit Activities

    Total calculated
    $485,319
    From this org
    $437,247
    From related orgs
    $0
    Other
    $48,072
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,401
    Bonus
    $55,210
    Other
    $27,636
    Deferred
    $43,500
    Nontaxable benefits
    $4,572
    Filer's total
    $485,319

  • Cherif Amirat

    Chief Information Officer

    Total calculated
    $333,399
    From this org
    $283,567
    From related orgs
    $0
    Other
    $49,832
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,668
    Bonus
    $42,630
    Other
    $41,269
    Deferred
    $43,500
    Nontaxable benefits
    $6,332
    Filer's total
    $333,399

  • Karen Hawkins

    Chief Marketing Officer

    Total calculated
    $502,996
    From this org
    $441,913
    From related orgs
    $0
    Other
    $61,083
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $348,815
    Bonus
    $60,714
    Other
    $32,384
    Deferred
    $43,500
    Nontaxable benefits
    $17,583
    Filer's total
    $502,996

  • Mary Ward-Callan

    Managing Director Tech Activities

    Total calculated
    $669,370
    From this org
    $607,555
    From related orgs
    $0
    Other
    $61,815
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $449,669
    Bonus
    $104,305
    Other
    $53,581
    Deferred
    $43,500
    Nontaxable benefits
    $18,315
    Filer's total
    $669,370

  • Priscilla Amalraj

    Interim Chief Information Officer

    Total calculated
    $456,938
    From this org
    $399,420
    From related orgs
    $0
    Other
    $57,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,563
    Bonus
    $83,240
    Other
    $48,617
    Deferred
    $43,500
    Nontaxable benefits
    $14,018
    Filer's total
    $456,938

  • Steven Heffner

    Managing Director Publications

    Total calculated
    $468,672
    From this org
    $424,353
    From related orgs
    $0
    Other
    $44,319
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $366,283
    Bonus
    $58,070
    Other
    $0
    Deferred
    $41,749
    Nontaxable benefits
    $2,570
    Filer's total
    $468,672

  • Donna Hourican

    Staff Executive, Corporate Activities

    Total calculated
    $513,789
    From this org
    $470,289
    From related orgs
    $0
    Other
    $43,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $372,303
    Bonus
    $80,730
    Other
    $17,256
    Deferred
    $43,500
    Nontaxable benefits
    $0
    Filer's total
    $513,789

  • Emily Csernica

    Director North American Sales

    Total calculated
    $522,105
    From this org
    $472,895
    From related orgs
    $0
    Other
    $49,210
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,511
    Bonus
    $315,884
    Other
    $22,500
    Deferred
    $43,500
    Nontaxable benefits
    $5,710
    Filer's total
    $522,105

  • Francis Staples

    Sr Director Global Sales & Customer Operations

    Total calculated
    $575,345
    From this org
    $519,887
    From related orgs
    $0
    Other
    $55,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,230
    Bonus
    $245,708
    Other
    $50,949
    Deferred
    $43,500
    Nontaxable benefits
    $11,958
    Filer's total
    $575,345

  • Konstantinos Karachalios

    Managing Director of IEEE Standards

    Total calculated
    $774,556
    From this org
    $731,056
    From related orgs
    $0
    Other
    $43,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $460,613
    Bonus
    $156,806
    Other
    $113,637
    Deferred
    $43,500
    Nontaxable benefits
    $0
    Filer's total
    $774,556

  • Paul Canning

    Director International Sales

    Total calculated
    $542,629
    From this org
    $487,213
    From related orgs
    $0
    Other
    $55,416
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,725
    Bonus
    $271,155
    Other
    $49,333
    Deferred
    $43,500
    Nontaxable benefits
    $11,916
    Filer's total
    $542,629

  • Stephen Welby

    Former Asst. Sec. & Exec. Dir.

    Total calculated
    $807,463
    From this org
    $763,963
    From related orgs
    $0
    Other
    $43,500
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $180,025
    Other
    $583,938
    Deferred
    $43,500
    Nontaxable benefits
    $0
    Filer's total
    $807,463

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use
The IEEE Executive Director received an allowance for rental expenses in 2023, which was treated as taxable compensation.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The IEEE Board of Directors engaged an independent compensation consultant to provide IEEE with market comparability data and a reasonableness recommendation with respect to compensation paid to disqualified persons as defined under Section 4958 of the Internal Revenue Code of 1986, to enable IEEE to establish a rebuttable presumption of reasonableness under Section 4958. A committee consisting of the IEEE President, the IEEE Past President, and the IEEE President-Elect (the Executive Performance and Compensation Committee or EPCC), advised by external legal counsel, is charged with evaluating the total compensation package of the IEEE Executive Director, who serves as the Chief Operations Officer ("ED & COO"), and a committee of Independent Board members and non-board members (the IEEE Employee Benefits & Compensation Committee or EBCC), advised by external legal counsel, is charged with evaluating the total compensation package of the other selected executives and staff, excluding the IEEE ED & COO. The independent Compensation Consultant provided these Committees with market data from published sources for comparable positions from both tax-exempt and for-profit organizations. The assessment was conducted at the total rewards level and included all compensation components. For the EPCC review of the Executive Director, external market comparisons were based on two primary sources of data, weighted equally: (1) Form 990 filings for a group of peer organizations identified by independent Compensation Consultant based on various criteria and (2) Published surveys, focusing on comparable entities. The following screening criteria were used to identify and select comparable organizations: (1) NTEE code: (a) general science institutions (b) Engineering and Technology Services (c) Professional Society, and (d) Research institutions. (2) Income and assets. (3) Employee Size. Once organizations were screened using these criteria, the following information was collected: (a) whether the organization has international presence, (b) whether they are a standard-setting organization; (c) whether they have a significant publishing activity; and (d) the extent of its focus on contract research. The EBCC relies on survey data and does not consider Form 990 filings as part of their methodology and review. The two Committees review individual and market data as part of their process to determine appropriate compensation. The two Committees debate and document their decisions about what is reasonable and their decision-making processes. The independent Compensation Consultant provided a "presumption of reasonable compensation" opinion letter for the IEEE files, documenting its analysis and recommendations regarding market reasonableness.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Sophia A. Muirhead, IEEE Executive Director, is the only participant in a nonqualified, unfunded, deferred compensation plan under section 457(f) of the IRS code as of January 1, 2023. The non-vested portion of Ms. Muirhead's deferred compensation of $164,250 (contribution accrual) is reported in Schedule J, Part II, Column C. Stephen Welby, Former IEEE Executive Director, was the only participant in a nonqualified, unfunded, deferred compensation plan under section 457(f) of the IRS code through December 31, 2022. Mr. Welby vested and received previously deferred compensation of $461,725 which is reported in Schedule J, Part II, Column B. As this amount was previously reported on a prior year Form 990 as deferred compensation, this amount is also reported in Schedule J, Part II, Column F, previously reported deferred compensation. Mr. Welby received a final payment of $491,352 from the 457(f) plan in 2023.
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
IEEE offers commission payments to selected employees who work in the sales capacity including individuals listed on Form 990, Part VII, Section A, Line 1a. Commissions are based on predetermined sales goals and performance criteria as defined in the sales commission plan for the plan year. Commissioned employees typically receive a copy of the plan at the beginning of the plan year. Employees eligible to earn commissions are not eligible for incentive bonuses under the incentive bonus plan.
Schedule J, Part I, Line 7 Non-fixed payments
IEEE maintains an incentive compensation program that include opportunities to earn incentive compensation that will be paid when the individual meets established performance goals. Awards are based on market data and are based on the individual's overall performance rating. Incentive compensation for each executive is reviewed and approved by either the independent IEEE Compensation Committees or the IEEE Board of Directors.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • IEEE Foundation Inc

    $3,294,765

    IEEE Achievement Award

  • University of Texas at Austin

    $25,000

    Engineering Development

  • University of Houston

    $25,000

    Engineering Development

  • ACARE

    $24,815

    Engineering Development

  • University of CA - Davis

    $22,500

    Engineering Development

  • University of Utah

    $15,000

    Engineering Development

  • AACC

    $15,000

    Engineering Development

  • Western New England University

    $12,873

    IEEE Fellowship

  • University of Nebraska

    $12,000

    IEEE Fellowship

  • Arizona State University

    $10,000

    Engineering Development

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • IEEE FOUNDATION INC

    501(c)(3) · FUNDRAISING · NY

    Directly controlled by NA

  • IEEE ASIA-PACIFIC LIMITED

    501(c)(3) · SCIENTIFIC & EDUCATIONAL · SN · controlled entity

    Directly controlled by IEEE

  • GLOBAL IEEE INSTITUTE FOR ENGINEERS INDIA

    501(c)(3) · SCIENTIFIC & EDUCATIONAL · IN · controlled entity

    Directly controlled by IEEE ASIA-PACIFIC LIMITED

  • IEEE TECHNOLOGY CENTRE GMBH

    501(c)(3) · SCIENTIFIC & EDUCATIONAL · AU · controlled entity

    Directly controlled by IEEE

  • IEEE WORLDWIDE LIMITED

    501(c)(3) · NON-PROFIT ACTIVITIES - SCIENTIFIC & EDUCATIONAL · NY · controlled entity

    Directly controlled by IEEE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • IEEE BROADCAST TECHNOLOGY CONVENTION LLC -

    NON-PROFIT ACTIVITIES SCIENTIFIC & EDUCATIONAL · DE · income $0 · assets $596,466

    Directly controlled by INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS INC (IEEE)

  • IEEE INTERNATIONAL LLC

    NON-PROFIT ACTIVITIES SCIENTIFIC & EDUCATIONAL · DE · income $0 · assets $1,068,710

    Directly controlled by IEEE

  • IEEE GLOBAL LLC

    NON-PROFIT ACTIVITIES SCIENTIFIC & EDUCATIONA · DE · income $0 · assets $0

    Directly controlled by IEEE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • IEEE INC

    C Corporation · SUPPORT SERVICES · DE · 100% owned · share of income $1,823,735 · share of assets $1,902,031 · controlled entity

    Directly controlled by IEEE

  • IEEE EUROPE GMBH

    C Corporation · SUPPORT SERVICES · SZ · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by IEEE

  • INSTITUTE OF ELECTRICAL AND ELECTRONICS

    C Corporation · SUPPORT SERVICES · UY · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by IEEE

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413189349309326

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