Society Of Women Engineers
- Assets
- $14.0m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 38
- Location
- Chicago, IL
- Founding
- 09/1992
- Data as of
- 06/2022
- EIN
- 13-1947735
Organization Overview
Society Of Women Engineers is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Society Of Women Engineers employed 38 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Society Of Women Engineers is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Society Of Women Engineers generated $13.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $11.9m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY'S MISSION IS TO EMPOWER WOMEN TO ACHIEVE THEIR FULL POTENTIAL IN CAREERS AS ENGINEERS AND LEADERS; EXPAND THE IMAGE OF THE ENGINEERING AND TECHNOLOGY PROFESSIONS AS A POSITIVE FORCE IN IMPROVING THE QUALITY OF LIFE, AND DEMONSTRATE THE VALUE OF DIVERSITY AND INCLUSION.
Describe the Organization's Program Activity:
YOUNG WOMEN ARE ENCOURAGED TO ENTER THE ENGINEERING FIELD. SCHOLARSHIPS WERE AWARDED TO FEMALE STUDENTS.
SWE ANNUAL CONFERENCE IS THE LARGEST PROFESSIONAL DEVELOPMENT PROGRAM FOR FEMALE ENGINEERING STUDENTS AND ENGINEERS.
SWE MAGAZINE IS PUBLISHED BY THE SOCIETY OF WOMEN ENGINEERS FIVE TIMES PER YEAR AND MADE AVAILABLE TO ALL MEMBERS AND OTHER INTERESTED PARTIES.
EXXEC, WE LOCAL, PROFESSIONAL PROGRAMS, STUDENT PROGRAMS, GRANTS, WE GLOBAL, MEMBERSHIP, ADVOCACY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Horting Executive Director & CEO | Officer | 5 | $335,000 |
Jennifer Scott Vice President | 40 | $223,000 | |
Honna George Director, Outreach | 1 | $199,960 | |
Philip Thakadiyil CFO | Officer | 5 | $190,588 |
Anne Perusek Vice President | 40 | $142,000 | |
Roberta Rincon Senior Manager | 40 | $121,758 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David James Group Marketing | 6/29/22 | $757,047 |
Jw Marriott It | 6/29/22 | $222,829 |
Your Membership It | 6/29/22 | $163,754 |
Icc It | 6/29/22 | $214,268 |
Hopin Membership | 6/29/22 | $134,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,064,048 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,528,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,592,999 |
| Total Program Service Revenue | $9,436,224 |
| Investment income | $292,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $122,194 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,468,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,087 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,326,240 |
| Compensation of current officers, directors, key employees. | $362,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,289,716 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $144,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $146,686 |
| Fees for services: Other | $216,237 |
| Advertising and promotion | $385,201 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $786,602 |
| Travel | $96,785 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,970,240 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $381,782 |
| Insurance | $0 |
| All other expenses | $220,460 |
| Total functional expenses | $11,942,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,591,420 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,708,106 |
| Net Land, buildings, and equipment | $873,032 |
| Investments—publicly traded securities | $8,482,286 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $368,600 |
| Total assets | $14,023,444 |
| Accounts payable and accrued expenses | $582,676 |
| Grants payable | $0 |
| Deferred revenue | $3,351,252 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $72,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $376,450 |
| Total liabilities | $4,383,278 |
| Net assets without donor restrictions | $8,637,929 |
| Net assets with donor restrictions | $1,002,237 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,023,444 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Society Of Women Engineers has recieved totaling $1,652,437.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: SCHOLARSHIPS, RESEARCH, AND PROGRAMMING FUNDS TO INSPIRE AND ATTRACT GIRLS TO FUTURE CAREERS IN STEM FIELDS AND RETAIN THEM IN THE PROFESSION. | | $318,000 |
Motorola Solutions Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
Ge Foundation Norwalk, CT PURPOSE: DIVERSITY - INCLUSION | $250,000 |
Bechtel Group Foundation Glendale, AZ PURPOSE: SOCIAL SERVICES | $150,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $134,719 |
Dorothy M Hoffman Perpetual Charitable Trust 137-2200248006 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $129,426 |
Endowment Analysis
| Beg. Balance | $10,540,048 |
| Earnings | -$1,348,054 |
| Net Contributions | $373,950 |
| Other Expense | $87,312 |
| Grants | $366,850 |
| Ending Balance | $9,111,782 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Aisc Holdings Inc Chicago, IL | $39,650,514 | $25,378,611 |
American College Of Surgeons Professional Association Chicago, IL | $12,847,056 | $21,670,888 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |