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← INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS INC

Form 990 for tax year 2022

Filed by INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS INC.

Totals

Total revenue
$566,430,458
Total expenses
$472,245,506
Contributions and grants received
$2,830,002
Grants paid
$6,777,824
Program services expenses (Part IX)
$455,934,566
Management and general expenses
$14,336,881
Fundraising expenses
$1,974,059
Program service expenses (Part III)
$455,934,566

Program services were 96.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Bruno Meyer

    Director & Vice President, Technical Activities

    Total calculated
    $0
    Hours/week
    10

  • David A Koehler

    Director & Vice President, Member and Geographic Activities

    Total calculated
    $0
    Hours/week
    10

  • Deborah M Cooper

    Director & President IEEE-USA

    Total calculated
    $0
    Hours/week
    10

  • James E Matthews

    Director & President, Standards Association

    Total calculated
    $0
    Hours/week
    10

  • John W Walz

    Director & Secretary

    Total calculated
    $0
    Hours/week
    10

  • K J Ray Liu

    IEEE President and CEO

    Total calculated
    $0
    Hours/week
    10

  • Lawrence O Hall

    Director & Vice President, Publication Services and Products

    Total calculated
    $0
    Hours/week
    10

  • Mary Ellen Randall

    Director & Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Saifur Rahman

    IEEE President-Elect

    Total calculated
    $0
    Hours/week
    10

  • Stephen M Phillips

    Director & Vice President, Educational Activities

    Total calculated
    $0
    Hours/week
    10

  • Ali H Sayed

    Director & Delegate, Division IX

    Total calculated
    $0
    Hours/week
    5

  • Antonio Luque

    Director & Delegate, Region 8

    Total calculated
    $0
    Hours/week
    5

  • Barry C Tilton

    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

  • Christina M Schober

    Director & Delegate, Division VIII

    Total calculated
    $0
    Hours/week
    5

  • Claudio Caizares

    Director & Delegate, Division VII

    Total calculated
    $0
    Hours/week
    5

  • Dalma Novak

    Director & Delegate, Division X

    Total calculated
    $0
    Hours/week
    5

  • Deepak Mathur

    Director & Delegate, Region 10

    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

  • Johnson A Asumadu

    Director & Delegate, Region 4

    Total calculated
    $0
    Hours/week
    5

  • Khaled Ben Letaief

    Director & Delegate, Division III

    Total calculated
    $0
    Hours/week
    5

  • Manfred J Schindler

    Director & Delegate, Division IV

    Total calculated
    $0
    Hours/week
    5

  • Paul M Cunningham

    Director & Delegate, Division VI

    Total calculated
    $0
    Hours/week
    5

  • Robert L Anderson

    Director & Delegate, Region 7

    Total calculated
    $0
    Hours/week
    5

  • Ruth A Dyer

    Director & Delegate, Division II

    Total calculated
    $0
    Hours/week
    5

  • Susan Land

    IEEE Past President

    Total calculated
    $0
    Hours/week
    10

  • Theresa A Brunasso

    Director & Delegate, Region 3

    Total calculated
    $0
    Hours/week
    5

  • Timothy T Lee

    Director & Delegate, Region 6

    Total calculated
    $0
    Hours/week
    5

  • STEPHEN WELBY

    Assistant Secretary & Executive Director

    Total calculated
    $1,308,045
    From this org
    $1,092,921
    From related orgs
    $0
    Other
    $215,124
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $665,413
    Bonus
    $210,605
    Other
    $216,903
    Deferred
    $214,124
    Nontaxable benefits
    $1,000
    Filer's total
    $1,308,045

  • THOMAS SIEGERT

    Assistant Treasurer & CFO

    Total calculated
    $633,766
    From this org
    $582,541
    From related orgs
    $0
    Other
    $51,225
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $440,297
    Bonus
    $89,454
    Other
    $52,790
    Deferred
    $39,900
    Nontaxable benefits
    $11,325
    Filer's total
    $633,766

  • CECELIA JANKOWSKI

    Managing Director Member & Geounit Activities

    Total calculated
    $442,433
    From this org
    $398,120
    From related orgs
    $0
    Other
    $44,313
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $337,675
    Bonus
    $46,034
    Other
    $14,411
    Deferred
    $39,900
    Nontaxable benefits
    $4,413
    Filer's total
    $442,433

  • CHERIF AMIRAT

    Chief Information Officer

    Total calculated
    $479,327
    From this org
    $428,032
    From related orgs
    $0
    Other
    $51,295
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $367,905
    Bonus
    $50,940
    Other
    $9,187
    Deferred
    $39,900
    Nontaxable benefits
    $11,395
    Filer's total
    $479,327

  • KAREN HAWKINS

    Chief Marketing Officer

    Total calculated
    $463,973
    From this org
    $407,690
    From related orgs
    $0
    Other
    $56,283
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,454
    Bonus
    $62,146
    Other
    $16,090
    Deferred
    $39,900
    Nontaxable benefits
    $16,383
    Filer's total
    $463,973

  • KONSTANTINOS KARACHALIOS

    Managing Director of IEEE Standards

    Total calculated
    $611,690
    From this org
    $571,790
    From related orgs
    $0
    Other
    $39,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $430,911
    Bonus
    $83,016
    Other
    $57,863
    Deferred
    $39,900
    Nontaxable benefits
    $0
    Filer's total
    $611,690

  • MARY WARD-CALLAN

    Managing Director Tech Activities

    Total calculated
    $673,136
    From this org
    $615,704
    From related orgs
    $0
    Other
    $57,432
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $427,210
    Bonus
    $109,860
    Other
    $78,634
    Deferred
    $39,900
    Nontaxable benefits
    $17,532
    Filer's total
    $673,136

  • STEVEN HEFFNER

    Managing Director Publications

    Total calculated
    $439,597
    From this org
    $398,687
    From related orgs
    $0
    Other
    $40,910
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $345,653
    Bonus
    $52,164
    Other
    $870
    Deferred
    $38,372
    Nontaxable benefits
    $2,538
    Filer's total
    $439,597

  • DONNA HOURICAN

    Staff Executive, Corporate Activities

    Total calculated
    $519,805
    From this org
    $479,905
    From related orgs
    $0
    Other
    $39,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,250
    Bonus
    $87,250
    Other
    $40,405
    Deferred
    $39,900
    Nontaxable benefits
    $0
    Filer's total
    $519,805

  • EMILY CSERNICA

    Director North American Sales

    Total calculated
    $558,367
    From this org
    $508,200
    From related orgs
    $0
    Other
    $50,167
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,309
    Bonus
    $346,933
    Other
    $31,958
    Deferred
    $44,663
    Nontaxable benefits
    $5,504
    Filer's total
    $558,367

  • FRANCIS STAPLES

    Sr Director Global Sales & Customer Operations

    Total calculated
    $596,083
    From this org
    $544,590
    From related orgs
    $0
    Other
    $51,493
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,839
    Bonus
    $285,674
    Other
    $45,077
    Deferred
    $39,900
    Nontaxable benefits
    $11,593
    Filer's total
    $596,083

  • PAUL CANNING

    Director International Sales

    Total calculated
    $546,599
    From this org
    $494,926
    From related orgs
    $0
    Other
    $51,673
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,419
    Bonus
    $274,574
    Other
    $61,933
    Deferred
    $39,900
    Nontaxable benefits
    $11,773
    Filer's total
    $546,599

  • SOPHIA MUIRHEAD

    General Counsel & Chief Compliance Officer

    Total calculated
    $583,982
    From this org
    $526,802
    From related orgs
    $0
    Other
    $57,180
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $429,822
    Bonus
    $89,086
    Other
    $7,894
    Deferred
    $39,900
    Nontaxable benefits
    $17,280
    Filer's total
    $583,982

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 — 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

  • 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 4b Supplemental nonqualified retirement plan
Stephen Welby, Executive Director, is the only participant in a nonqualified, unfunded, deferred compensation plan under section 457(f) of the IRS code. The non-vested portion of Mr. Welby's deferred compensation of $174,224 (contribution accrual) is reported in Schedule J, Part II, Column C. Mr. Welby vested and received previously deferred compensation of $152,931 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.
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.
Schedule J, Part I, Line 3
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.

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

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

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333149349305318

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