National Academy Of Engineering Fund
- Assets
- $113.4m
- Revenue
- $8.2m
- Investments
- $61.1m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/1973
- Data as of
- 12/2023
- EIN
- 23-7284092
Organization Overview
National Academy Of Engineering Fund is located in Washington, DC. The organization was established in 1973. According to its NTEE Classification (U12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Academy Of Engineering Fund 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, National Academy Of Engineering Fund generated $8.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $9.6m during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 9 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.
Since 2015, National Academy Of Engineering Fund has awarded 28 individual grants totaling $43,837,275. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NATIONAL ACADEMY OF ENGINEERING FUND (NAEF) SUPPORTS THE ACTIVITIES OF (SEE SCHEDULE O)THE NATIONAL ACADEMY OF ENGINEERING (NAE).
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAE PROGRAMS THAT ADDRESS RELEVANT ISSUES IN ENGINEERING FIELD INCLUDING, BUT NOT LIMITED TO, EDUCATION, ENGINEERING PRACTICE, AND THE ENGINEERING WORKFORCE, ENGINEERING AND THE ENVIRONMENT, ENGINEERING, THE ECONOMY, AND SOCIETY, INFORMATION TECHNOLOGY AND SOCIETY, ENGINEERING ETHICS, FRONTIERS OF ENGINEERING, MANUFACTURING, DIVERSITY, AND PUBLIC POLICY AND PROGRAM REVIEWS.
SUPPORT FOR NRC AND NAS
NAE PRESENTS SEVEN AWARDS: CHARLES STARK DRAPER PRIZE FOR ENGINEERING, FRITZ J. AND DOLORES H. RUSS PRIZE, BERNARD M. GORDON PRIZE FOR INNOVATION IN ENGINEERING AND TECHNOLOGY EDUCATION, ARTHUR M. BUECHE AWARD, SIMON RAMO FOUNDERS AWARD, GIBBS BROTHERS MEDAL, AND J. C. HUNSAKER AWARD IN AERONAUTICAL ENGINEERING. ACTIVITIES INCLUDE SOLICITING NOMINATIONS, SELECTION OF RECIPIENTS, ANNOUNCEMENT OF THE RECIPIENTS, AND PRESENTATION OF THE PRIZES.
NAE MEMBER PROGRAMS:ORGANIZATION AND ADMINISTRATION OF THE ANNUAL MEETING AND PUBLICATION OF NAE MEMORIAL TRIBUTES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald C Winter Chair | OfficerTrustee | 1 | $0 |
John L Anderson President | OfficerTrustee | 37.5 | $0 |
Wesley L Harris Vice President | OfficerTrustee | 1 | $0 |
Carol K Hall Home Secretary | OfficerTrustee | 1 | $0 |
James M Tien International Secretary (jan-June) | OfficerTrustee | 1 | $0 |
Nadine Aubry International Secretary (july-Dec) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simon Quick Advisors Investment Advisor | 12/30/21 | $469,021 |
Makena Capital Management Investment Advisor | 12/30/21 | $116,582 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $594,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,083,035 |
| Noncash contributions included in lines 1a–1f | $178,169 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,677,035 |
| Total Program Service Revenue | $198,726 |
| Investment income | $1,045,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $244,749 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,166,111 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,674,189 |
| Grants and other assistance to domestic individuals. | $1,000,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $460,139 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,564,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,374,578 |
| Pledges and grants receivable | $3,153,096 |
| Accounts receivable, net | $37,695 |
| 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 | $17,015 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $38,845,362 |
| Investments—other securities | $61,107,639 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,905,841 |
| Total assets | $113,441,226 |
| Accounts payable and accrued expenses | $3,951,463 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,951,463 |
| Net assets without donor restrictions | $33,676,475 |
| Net assets with donor restrictions | $75,813,288 |
| 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 | $113,441,226 |
Grants Awarded
Over the last fiscal year, National Academy Of Engineering Fund has awarded $4,674,189 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN LEADERSHIP FOUNDATION PURPOSE: 2023 FRITZ J. AND DOLORES H. RUSS PRIZE | $100,000 |
PRESIDENT AND FELLOWS OF HARVARD COLLEGE DBA HARVARD UNIVERSITY PURPOSE: 2023 BERNARD M. GORDON PRIZE | $100,000 |
GLOUCESTER MARINE GENOMICS INSTITUTE INC PURPOSE: 2023 FRITZ J. AND DOLORES H. RUSS PRIZE | $100,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: 2023 CHARLES STARK DRAPER PRIZE | $500,000 |
NATIONAL ACADEMY OF SCIENCES PURPOSE: SUPPORT FOR NAS PROGRAMS | $3,774,189 |
PATHWAYS FOR CHILDREN INC PURPOSE: 2023 FRITZ J. AND DOLORES H. RUSS PRIZE | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Academy Of Engineering Fund Washington, DC | $113,441,226 | $8,166,111 |
Csab Inc Annapolis, MD | $1,233,680 | $389,557 |
National Propane Gas Foundation Washington, DC | $4,469,450 | $297,692 |
American Friends Of The Us-Israel Binational Science Foundation North Bethesda, MD | $20,552 | $77,500 |
Wwbbc Alexandria, VA | $23,895 | $0 |
Fed Tech Cares Great Falls, VA | $517,394 | $525,164 |
The Foundation Of The Virginia Air And Space Center And The Hampton Hampton, VA | $323,655 | $29 |
D&m Foundation Herndon, VA | $16 | $0 |