The National Society Of Professional Education Foundation
- Assets
- $1.4m
- Revenue
- $54.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 10/1964
- Data as of
- 06/2022
- EIN
- 52-6056276
Organization Overview
The National Society Of Professional Education Foundation is located in Alexandria, VA. The organization was established in 1964. According to its NTEE Classification (U19) the organization is classified as: Support N.E.C., 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 Society Of Professional 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAJOR SOURCE OF SUPPORT FOR THE EDUCATIONAL AND ETHICAL PRACTICE NEEDS OF ENGINEERING STUDENTS, ENGINEERING TEACHERS AND PRACTICING PROFESSIONAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM - TO DEVELOP THE CAPABILITIES OF INDIVIDUALS THROUGH EDUCATION AS ENGINEERS FOR EVENTUAL SERVICE AS ENGINEERS TO THE UNITED STATES AND INDUSTRY BY PROVIDING SCHOLARSHIPS AT THE UNDERGRADUATE LEVEL FOR OUTSTANDING UNDERGRADUATE ENGINEERING STUDENTS WHO ARE ENROLLED IN AND PURSUING THE STUDY OF ENGINEERING AT AN ACCREDITED COLLEGE OR UNIVERSITY.
GRANTS AND SUPPORT TO OTHER CHARITABLE ORGANIZATIONS WITH ENGINEERING-RELATED MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harve Hnatiuk President | OfficerTrustee | 1 | $0 |
John Parisi Vice President | OfficerTrustee | 1 | $0 |
Robert Price Treasurer | OfficerTrustee | 1 | $0 |
Monika Schulz Secretary/nspe Executive Director | Officer | 1 | $0 |
Nikhil Bodhankar Trustee | Trustee | 1 | $0 |
Michael Basta Trustee | Trustee | 1 | $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 | $50,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,010 |
| Total Program Service Revenue | $0 |
| Investment income | $4,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $54,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $35,500 |
| 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 | $7,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,839 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,024 |
| 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 | $6,628 |
| Total functional expenses | $85,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $104,269 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,288,011 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,392,280 |
| Accounts payable and accrued expenses | $3,207 |
| 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 | $515 |
| Total liabilities | $3,722 |
| Net assets without donor restrictions | $162,348 |
| Net assets with donor restrictions | $1,226,210 |
| 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 | $1,392,280 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The National Society Of Professional Education Foundation has recieved totaling $146,904.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Muscatine Muscatine, IA | | $146,904 |
Endowment Analysis
| Beg. Balance | $1,326,383 |
| Earnings | -$145,078 |
| Admin Expense | $7,656 |
| Grants | $30,500 |
| Ending Balance | $1,143,149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Challenger Center For Space Science Education Washington, DC | $4,144,176 | $7,077,658 |
Pacifichem Inc Washington, DC | $1,813,483 | $2,335,367 |
The National Society Of Professional Education Foundation Alexandria, VA | $1,392,280 | $54,344 |
Biologic Colaboration Inc Covington, KY | $3,377 | $77,350 |
Clean Energy Research And Education Foundation Washington, DC | $4,493 | $0 |
Mahesh Parusha Foundation Inc Ellicott City, MD | $0 | $5,000 |