United Engineering Foundation Inc
- Assets
- $19.5m
- Revenue
- $440.8k
- Investments
- $18.7m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 03/1931
- Data as of
- 12/2023
- EIN
- 13-6162675
Organization Overview
United Engineering Foundation Inc is located in Philadelphia, PA. The organization was established in 1931. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Engineering Foundation Inc 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 12/2023, United Engineering Foundation Inc generated $440.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $940.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, United Engineering Foundation Inc has awarded 36 individual grants totaling $3,306,540. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Soukup Trustee | 1 | $0 | |
Deborah L Grubbe Trustee | 0 | $0 | |
Darlene S Schuster Trustee | 0 | $0 | |
Steven P Welby Trustee | 1 | $0 | |
Ronald E Ashburn Trustee | 0 | $0 | |
Patrick J Natale Executive Dir. | 20 | $103,302 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $480,964 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$40,319 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $128 |
| Total Revenue | $440,773 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $103,302 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,121 |
| Depreciation | $0 |
| Occupancy | $1,261 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,297 |
| Total operating and administrative expenses | $204,946 |
| Contributions, gifts, grants paid | $735,199 |
| Total expenses and disbursements | $940,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $782,876 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,796 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,705,441 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,495,113 |
| Accounts payable and accrued expenses | $24,923 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,923 |
Grants Awarded
Over the last fiscal year, United Engineering Foundation Inc has awarded $735,199 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SOCIETY OF CIVIL ENGINEERS PURPOSE: DEVELOPMENT OF AN EDUCATIONAL FRAMEWORK FOR A SUCCESSFUL CAREER IN ENGINEERING | $22,395 |
AICHE FOUNDATION PURPOSE: INITIATIVE FOR CRITICAL MATERIAL ACCELERATED DEVELOPMENT & SUSTAINABLE ENERGY CORPS STUDENT PROJECTS. | $161,769 |
IEEE FOUNDATION PURPOSE: ENGINERRING K-12 EDUCATIONS - STATUS & PROSPECTS FOR COLLECTIVE ACTION | $65,228 |
USC - VITERBI SCHOOL OF ENGINEERING PURPOSE: ENGINEERING NEW NETWORK | $119,407 |
DISCOVER E PURPOSE: MESSAGE MATTER: ADVANCING THE PROFESSION & 2022 K-12 DIGITAL COLLABORATION | $216,400 |
WGBH EDUCATIONAL FOUNDATION PURPOSE: CREATE, TEST, AND IMPROVE WITH PBS KIDS WORK IT OUT WOMBATS! | $150,000 |