Skip to content
Nonprofiteer
← SME EDUCATION FOUNDATION

Form 990 for tax year 2023

Filed by SME EDUCATION FOUNDATION.

Totals

Total revenue
$13,500,175
Total expenses
$6,734,144
Contributions and grants received
$11,476,153
Grants paid
$4,584,399
Program service revenue
$804,109
Investment income
$1,219,913
Other revenue
$0
Total assets, end of year
$34,031,281
Total liabilities, end of year
$2,546,291
Net assets or fund balances, end of year
$31,484,990
Program services expenses (Part IX)
$6,061,970
Management and general expenses
$347,122
Fundraising expenses
$325,052
Program service expenses (Part III)
$6,061,970

Program services were 90.0% 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

    $1,549,130

  • 1e · Government grants (contributions)

    $6,000,000

  • 1f · All other contributions, gifts and grants

    $3,927,023

  • 1g · Noncash contributions included above

    $415,680

  • 2a · Program service revenue: SCHOLARSHIP ADMINISTRATION REVENU

    total $804,109 · related or exempt $804,109

  • 3 · Investment income

    total $493,295 · excluded $493,295

  • 7a · Gross sales of assets other than inventory

    securities $4,139,356

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

    securities $3,412,738

  • 7c · Gain or loss

    securities $726,618

  • 7d · Net gain or loss

    total $726,618 · excluded $726,618

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,635,598 · program services $3,635,598

  • 2 · Grants to domestic individuals

    total $948,801 · program services $948,801

  • 5 · Compensation of officers, directors and key employees

    total $295,142 · program services $171,182 · management and general $82,640 · fundraising $41,320

  • 7 · Other salaries and wages

    total $773,276 · program services $656,149 · management and general $16,788 · fundraising $100,339

  • 9 · Other employee benefits

    total $124,616 · program services $105,435 · management and general $7,733 · fundraising $11,448

  • 10 · Payroll taxes

    total $69,832 · program services $57,446 · management and general $4,072 · fundraising $8,314

  • 11a · Fees: management

    total $11,448 · management and general $11,448

  • 11b · Fees: legal

    total $28,460 · program services $13,601 · management and general $11,366 · fundraising $3,493

  • 11c · Fees: accounting

    total $32,995 · management and general $32,995

  • 11d · Fees: lobbying

    total $30,759 · fundraising $30,759

  • 11e · Fees: professional fundraising services

    total $98,063 · fundraising $98,063

  • 11f · Fees: investment management

    total $38,286 · management and general $38,286

  • 11g · Fees: other

    total $217,953 · program services $217,953

  • 12 · Advertising and promotion

    total $28,500 · program services $4,778 · management and general $22,763 · fundraising $959

  • 13 · Office expenses

    total $14,358 · program services $5,943 · management and general $7,664 · fundraising $751

  • 14 · Information technology

    total $37,630 · program services $37,333 · management and general $106 · fundraising $191

  • 17 · Travel

    total $162,228 · program services $110,697 · management and general $24,205 · fundraising $27,326

  • 19 · Conferences, conventions and meetings

    total $74,078 · program services $34,370 · management and general $39,708

  • 24a · Other expenses: PRINTING & PUBLISHING

    total $61,160 · program services $61,160

  • 24b · Other expenses: EXHIBIT EXPENSES

    total $45,061 · program services $1,449 · management and general $43,612

  • 24c · Other expenses: RECRUITMENT

    total $763 · program services $75 · management and general $688

  • 24e · All other expenses

    total $5,137 · management and general $3,048 · fundraising $2,089

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,355,013 · end of year $9,438,115

  • 3 · Pledges and grants receivable

    beginning of year $66,000 · end of year $38,750

  • 4 · Accounts receivable

    beginning of year $242,372 · end of year $1,576,147

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,184 · end of year $24,378

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

    $77,670

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

    $77,670

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $21,458,729 · end of year $22,953,891

  • 17 · Accounts payable and accrued expenses

    beginning of year $270,200 · end of year $1,132,209

  • 18 · Grants payable

    beginning of year $125,000 · end of year $406,417

  • 21 · Escrow or custodial account liability

    beginning of year $257,995 · end of year $254,815

  • 25 · Other liabilities

    beginning of year $574,608 · end of year $752,850

  • 27 · Net assets without donor restrictions

    beginning of year $7,323,930 · end of year $8,858,504

  • 28 · Net assets with donor restrictions

    beginning of year $15,583,565 · end of year $22,626,486

Mission and programs · 2023

Mission

A. TO OPERATE AND ACT EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSE OF THE SOCIETY OF MANUFACTURING ENGINEERS, A TAX-EXEMPT CHARITABLE ORGANIZATION WHICH IS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, (THE "CODE"), AND WHICH IS NOT A PRIVATE FOUNDATION, AS SUCH TERM IS DEFINED IN CODE SECTION 509, PURSUANT TO CODE SECTION 509(A)(2). B. THE SME EDUCATION FOUNDATION'S MISSION IS TO PREPARE THE FUTURE ENGINEERS AND TECHNOLOGISTS FOR MANUFACTURING CAREERS THROUGH OUTREACH PROGRAMS TO ENRICH STUDENTS TO STUDY SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) IN ALIGNMENT WITH SME. C. TO OPERATE AND ACT EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AS SUCH TERMS ARE USED IN CODE SECTION 501(C)(3). D. TO RECEIVE AND ADMINISTER ASSETS EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AS SUCH TERMS ARE USED IN CODE SECTION 501(C)(3).

Activities or mission (Part I)

THE SME EDUCATION FOUNDATION MISSION IS TO INSPIRE, PREPARE, AND SUPPORT THE NEXT GENERATION OF MANUFACTURING ENGINEERS AND TECHNOLOGISTS.

  • SCHOLARSHIPS: IN 2023 THE SME EDUCATION FOUNDATION AWARDED ACADEMIC SCHOLARSHIPS TO 183 GRADUATING HIGH SCHOOL SENIORS, CURRENT UNDERGRADUATES AND MASTERS OR DOCTORAL DEGREE STUDENTS PURSUING POST-SECONDARY DEGREES IN MANUFACTURING ENGINEERING, MANUFACTURING TECHNOLOGY, AND RELATED FIELDS. TOTAL SCHOLARSHIP AWARDS DISTRIBUTED TO 123 HIGHER EDUCATIONAL INSTITUTIONS EQUALED $939,966.

    Expenses $1,233,807 · Grants $939,966 · Revenue $68,109

  • EDUCATIONAL PROGRAMS: THE PRIME (PARTNERHSIP RESPONSE IN MANUFACTURING EDUCATION) PROGRAM PROVIDES HIGH SCHOOL STUDENTS WITH HANDS-ON TRAINING AND MANUFACTURING SKILLS THROUGH ACCESS TO ADVANCED TECHNOLOGIES, INDUSTRY-LED CURRICULUM, JOB SHADOWING AND MENTORING PROGRAMS. CASH, EQUIPMENT AND CURRICULUM TOTALING $3,635,598 WAS DONATED TO SCHOOLS IN THE PRIME NETWORK IN 2023.

    Expenses $4,514,000 · Grants $3,635,598 · Revenue $736,000

  • EDUCATIONAL EVENTS AND ACTIVITIES: PROJECTS INCLUDED SPONSORSHIP OF GIRL'S STEM CAMP AND SME STUDENT CHAPTER ASSISTANCE.

    Expenses $314,163 · Grants $8,835

As filed on the 2023 return.

Listed in Part VII

  • Frank Ervin III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Erica Powell Bell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Andrew Jones

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Adam Claytor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Valerie Freeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joe Kann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Komljenovic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peter Mancini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Art McClellan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Michalski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christopher Rake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kyle Riegel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marion Wells

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joanne Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Winston F Erevelles

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    2

  • Robert W Ivester

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    2

  • Robert Willig

    EXECUTIVE DIRECTOR & CEO

    Total calculated
    $717,089
    From this org
    $0
    From related orgs
    $658,759
    Other
    $58,330
    Hours/week
    4 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,385 related
    Bonus
    $0 + $237,110 related
    Other
    $0 + $4,264 related
    Deferred
    $0 + $28,821 related
    Nontaxable benefits
    $0 + $29,509 related
    Filer's total
    $0 + $717,089 related

  • Craig Connop

    CHIEF FINANCIAL OFFICER

    Total calculated
    $440,294
    From this org
    $0
    From related orgs
    $391,005
    Other
    $49,289
    Hours/week
    4 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,534 related
    Bonus
    $0 + $109,775 related
    Other
    $0 + $696 related
    Deferred
    $0 + $18,237 related
    Nontaxable benefits
    $0 + $31,052 related
    Filer's total
    $0 + $440,294 related

  • Robert Luce

    VP, SME EDUCATION FOUNDATION

    Total calculated
    $272,292
    From this org
    $228,951
    From related orgs
    $0
    Other
    $43,341
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $168,642
    Bonus
    $59,232
    Other
    $1,077
    Deferred
    $12,069
    Nontaxable benefits
    $31,272
    Filer's total
    $272,292

  • Shelley Wooley

    DIRECTOR, EDUCATION PROGRAMS

    Total calculated
    $144,010
    From this org
    $133,931
    From related orgs
    $0
    Other
    $10,079
    Hours/week
    50

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

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 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)

PART I, LINE 3
SOCIETY OF MANUFACTURING ENGINEERS ("SME"), THE PARENT ORGANIZATION OF SME-EF, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S VICE PRESIDENT: 1) RECOMMENDATION OF THE SME CEO 2) BENCHMARK STUDIES BY AN INDEPENDENT COMPENSATION CONSULTANT 3) FORM 990 OF OTHER SIMILAR ORGANIZATIONS 4) PRE-ESTABLISHED JOB OBJECTIVES IN ACCORDANCE WITH THE SME EXECUTIVE INCENTIVE PLAN 5) APPROVAL BY THE SME EXECUTIVE COMPENSATION COMMITTEE
PART I, LINE 7
SME, A RELATED ORGANIZATION, PAID BONUSES TO ITS MANAGEMENT, INCLUDING THE SME EDUCATION FOUNDATION VICE-PRESIDENT. THE BONUSES WERE PARTLY BASED ON ACHIEVEMENT OF SPECIFIC PROJECT MANAGEMENT GOALS AND PARTLY UPON THE REVENUES GOALS OF SME. NO PORTION WAS CONTINGENT UPON THE NET EARNINGS OF SME-EF OR ANY RELATED ORGANIZATION.

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

  • J I CASE HIGH SCHOOL

    $10,000

    PRIME SCHOOL SUPPORT

  • JACKSON COUNTY INTERMEDIATE SCHOOL DISTRICT

    $10,000

    PRIME SCHOOL SUPPORT

  • MT PLEASANT HIGH SCHOOL GI-TEC

    $10,000

    PRIME SCHOOL SUPPORT

  • TOWNSHIP HIGH SCHOOL DISTRICT 2141

    $10,000

    PRIME SCHOOL SUPPORT

  • WORCESTER TECHNICAL HIGH SCHOOL

    $10,000

    PRIME SCHOOL SUPPORT

  • SWAN VALLEY HIGH SCHOOL

    $5,000

    PRIME SCHOOL SUPPORT

  • MONROE AREA HIGH SCHOOL

    $0

    FORD SCHOLARSHIP

  • INNOVATION CENTRAL HIGH SCHOOL

    $0

    PRIME SCHOOL SUPPORT

  • BAY CITY WESTERN HIGH SCHOOL

    $0

    PRIME SCHOOL SUPPORT

  • TROY HIGH SCHOOL

    $0

    PRIME SCHOOL SUPPORT

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.

Provenance

Return type
form_990
Tax year
2023
Filed
17 September 2024
IRS schema version
2023v5.1
Source object
202442629349300549

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.