American Society For Engineering Education
- Assets
- $6.4m
- Revenue
- $20.6m
- Investments
- $0.0
- Employees
- 66
- Location
- Washington, DC
- Founding
- 05/1950
- Data as of
- 09/2022
- EIN
- 37-0730118
Organization Overview
American Society For Engineering Education is located in Washington, DC. The organization was established in 1950. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 09/2022, American Society For Engineering Education employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society For Engineering Education 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 09/2022, American Society For Engineering Education generated $20.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $23.6m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 7 years. 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
ASEE ADVANCES INNOVATION, EXCELLENCE AND ACCESS AT ALL LEVELS OF EDUCATION FOR THE ENGINEERING PROFESSION
Describe the Organization's Program Activity:
FELLOWSHIPSS - MANAGE DOD AND NSF FELLOWSHIP PROGRAM ACTIVITIES INCLUDING PROMOTIONS, PROCESSING APPLICATIONS, REVIEWING APPLICATIONS, MAKING AWARDS, AND PAYING STIPENDS AND TRAVEL AND TUITION COSTS DEPENDING ON THE PROGRAMS
NON -GOVERNMENT PROGRAMS - ASEE MANAGES AND ADMINISTERS PROGRAMS FUNDED BY DIFFERENT ORGANIZATIONS AND INSTITUTIONS
MEETINGS & CONFERENCES - THE ORGANIZATION PROVIDES ENGINEERING AND ENGINEERING TECHNOLOGY EDUCATORS THE ARENA TO EXCHANGE IDEAS, AFFECT CURRICULUM, ENHANCE TEACHING METHODS, AND BETWORK WITH PEERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Fonteberry Executive Dir. | OfficerTrustee | 40 | $322,083 |
Joseph Dillon CFO | Officer | 40 | $198,410 |
Jacqueline El-Sayed Chief Academic | Officer | 40 | $174,808 |
Jasmin Rathod Chief Informati | Officer | 40 | $162,479 |
Patricia Greenawalt Chief Communit | Officer | 40 | $146,269 |
Adrianne Troilo Human Res Direc | Officer | 40 | $21,320 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intellect Business Solutions It Services | 9/29/21 | $312,982 |
Joy Riot Advertising Agency | 9/29/21 | $140,982 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,055,264 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,117,309 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,092,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,264,634 |
| Total Program Service Revenue | $3,581,364 |
| Investment income | -$705,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $156,448 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,551,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,560,480 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,150,501 |
| Compensation of current officers, directors, key employees. | $1,150,501 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,124,126 |
| Pension plan accruals and contributions | $179,242 |
| Other employee benefits | $711,334 |
| Payroll taxes | $417,654 |
| Fees for services: Management | $19,069 |
| Fees for services: Legal | $7,946 |
| Fees for services: Accounting | $49,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,995,098 |
| Advertising and promotion | $30,276 |
| Office expenses | $291,476 |
| Information technology | $306,578 |
| Royalties | $40,400 |
| Occupancy | $843,431 |
| Travel | $198,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,916,243 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,884 |
| Insurance | $12,739 |
| All other expenses | $35,750 |
| Total functional expenses | $23,621,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $501,851 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $736,017 |
| 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 | $1,037,067 |
| Net Land, buildings, and equipment | $1,598,818 |
| Investments—publicly traded securities | $2,557,764 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,431,517 |
| Accounts payable and accrued expenses | $3,332,423 |
| Grants payable | $0 |
| Deferred revenue | $2,294,986 |
| 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 | $627,351 |
| Total liabilities | $6,254,760 |
| Net assets without donor restrictions | $176,757 |
| Net assets with donor restrictions | $0 |
| 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 | $6,431,517 |