Society Of Explosives Engineers Education Foundation

Organization Overview

Society Of Explosives Engineers Education Foundation is located in Warrensville Heights, OH. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Explosives Engineers Education Foundation 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 09/2021, Society Of Explosives Engineers Education Foundation generated $95.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $104.7k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE SEE EDUCATION FOUNDATION WAS CREATED TO SERVE THE LONG-TERM EDUCATION INTERESTS OF THE EXPLOSIVES INDUSTRY THROUGH THE DEVELOPMENT OF EDUCATION AND TRAINING MATERIALS, CHAMPIONING THE INCLUSION OF EXPLOSIVES INSTRUCTION IN ENGINEERING CURRICULA AND AWARDING SCHOLARSHIPS TO ELIGIBLE STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS & FACLILATATION OF RESEARCH PROJECTS: THE ISEE SCHOLARSHIP FUND AWARDS SCHOLARSHIPS TO COLLEGE STUDENTS PURSUING A TECHNICAL, UNDERGRADUATE, MASTERS OR DOCTORATE DEGREE IN FIELDS RELATED TO THE COMMERCIAL EXPLOSIVES INDUSTRIES. TO DATE, THE SEE FOUNDATION SCHOLARSHIP FUND HAS AWARDED MORE THAN $1,00,000 TO OVER 500 STUDENTS.THE FOUNDATION IS IN A UNIQUE POSITION TO ASSIST IN PROMOTING, DIRECTING AND MONITORING RESEARCH PROJECTS FOR THE BENEFIT OF THE COMMERCIAL EXPLOSIVES INDUSTRY.


PROFESSIONAL DEVELOPMENT AND TRAINING: WHETHER YOU'RE LOOKING FOR RETRAINING CREDIT HOURS OR TO DEEPEN YOUR KNOWLEDGE IN NEW FACETS OF THE BLASTING WORLD, THE PROFESSIONAL DEVELOPMENT AND ONLINE TRAINING PROGRAMS WILL PUT YOU ON THE PATH FOR CAREER DEVELOPMENT AND HELP YOU STAY CURRENT WITH RETRAINING AND REFRESHER HOURS. OUR ONLINE TRAINING OPTIONS WILL HELP START YOUR PROFESSIONAL DEVELOPMENT TODAY.DEVELOPED BY INDUSTRY PROFESSIONALS, THE WORLD OF EXPLOSIVES IS A WEBSITE THAT TACKLES SAFETY, THE MOST FREQUENTLY ASKED QUESTIONS FROM HOMEOWNERS, HOW VIBRATIONS AFFECT STRUCTURES AND ALL THE PLANNING THAT GOES INTO EACH BLAST. THE WORLD OF EXPLOSIVES EVEN HAS 30 MINUTES OF VIDEOS COVERING BLASTING AND VIBRATION. IT'S THE PERFECT RESOURCE FOR BLASTING PROFESSIONALS AND HOMEOWNERS.


EXPLOSIVES USERS REFERENCE LIBRARY & MUSEUM: THE FOUNDATION PROVIDES A REPOSITORY OF CURRENT AND HISTORIC INFORMATION THROUGH ITS EXPLOSIVES USERS REFERENCE LIBRARY THAT INCLUDES THOUSANDS OF BOOKS, ARTICLES, PERIODICALS, PHOTO RESOURCES, STANDARDS, TRAINING MATERIALS, MAPS AND EXPLOSIVES ARTIFACTS AND ARCHIVED PUBLICATIONS AT ITS HEADQUARTERS IN CLEVELAND.THE FOUNDATION HAS AN ONGOING PROGRAM TO COLLECT EXPLOSIVES ARTIFACTS (OLD BLASTING MACHINES, FUSE CUTTERS, CRIMPING TOOLS, ETC.) AND HISTORIC LIBRARY MATERIALS (FILMS, PHOTOGRAPHS, TAPES, MAPS, BOOKS, ETC.), TO ULTIMATELY BE ON DISPLAY FOR THE INDUSTRY AND THE PUBLIC.


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Board, Officers & Key Employees

Name (title)Compensation
Alastair C Torrance
President
$0
Braden T Lusk
VP - Administration
$0
Janeen T Smith
VP - Technical
$0
John T Watson
Treasurer
$0
Kristen N Kolden
Secretary
$0
James P Daley
Immediate Past President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$14,742
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$14,742
Total Program Service Revenue$0
Investment income $55,830
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $24,985
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $95,557

Grants Awarded

Over the last fiscal year, Society Of Explosives Engineers Education Foundation has awarded $29,500 in support to 3 organizations.

Grant RecipientAmount

MISSOURI UNIV SCIENCE & TECH (6)

PURPOSE: SCHOLARSHIP FUNDS

$14,500

UNIVERSITY OF KENTUCKY (7)

PURPOSE: SCHOLARSHIP FUNDS

$9,500

VIRGINIA TECH (6)

PURPOSE: SCHOLARSHIP FUNDS

$5,500
View Grant Profile

Endowment Analysis

Beg. Balance$1,660,113
Earnings$359,640
Net Contributions$14,742
Grants$99,250
Ending Balance$1,935,245

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