2023-11-10T15:57:04+00:00 2022-12-31 990 2022-01-01 237310664 IEEE FOUNDATION INC IEEE 7329810060 445 HOES LANE PISCATAWAY NJ 08854 THOMAS R SIEGERT ASSISTANT TREASURER 7329810060 2023-11-10 Thomas Siegert 999009999 true 2022 2023-04-26 12:10:37Z KAREN A GALUCHIE 445 HOES LANE PISCATAWAY NJ 08854 9583978 false X WWW.IEEEFOUNDATION.ORG X 1973 NY THE IEEE FOUNDATION ENABLES IEEE PROGRAMS THAT TRANSFORM LIVES VIA TECHNOLOGY AND EDUCATION. 14 14 0 1250 0 0 7673820 8180880 0 1376819 1367943 0 9050639 9548823 2825097 4063470 0 0 13500 12750 114340 1227779 1612955 4066376 5689175 4984263 3859648 72402966 68593185 1309525 2195251 71093441 66397934 X THE IEEE FOUNDATION INSPIRES AN ENGAGED COMMUNITY AND LEVERAGES THE GENEROSITY OF DONORS TO ENABLE IEEE PROGRAMS THAT ENHANCE TECHNOLOGY ACCESS, LITERACY, AND EDUCATION, AND SUPPORTS THE IEEE PROFESSIONAL COMMUNITY. false false 1888896 1503371 ENERGIZE: innovation by celebrating technological and academic excellence. The IEEE Awards program does this through the presentation of recognitions (medals, awards, and service recognitions) to hundreds of individuals for life-transforming work. IEEE-Eta Kappa Nu, the honor society of IEEE, promotes excellence in the profession and in education through an emphasis on scholarship, character, and attitude 1131920 1091277 EDUCATE: Educating the next generation of innovators and engineers by nourishing students through academic opportunities such as scholarships, fellowships, travel grants, and mentoring, and introducing pre-university students to STEM and the history of technology through delivery of classroom curriculum, hands-on experiences, library science kits, and interactive workshops. Programs include the IEEE PES Scholarship Plus Initiative, IEEE REACH (Raising Engineering Awards through the Conduit of History), and TryEngineering. 1072586 1072586 ILLUMINATE: the possibilities of technology by using it to address global challenges through delivery and deployment of innovative sustainable projects that bring electricity, communication, education, and hope throughout the world. Programs include IEEE Smart Village, EPICS in IEEE, IEEE-USA MOVE, and IEEE SIGHT (Special Interest Group on Humanitarian Technology). 397781 396236 ENGAGE: Introduce and involve a wider audience in appreciating the value and importance of engineering and technology through work of the IEEE History Center to record, archive, and educate the public about the nature of technology and its relationship, both past and present, to society. The Life Members Fund supports new and exciting opportunities for young engineers with engineering education and workforce development, applying technology for humanitarian causes and preserving the history of technology. 397781 396236 4491183 true true false false false false false false true false false false true true true true false false false true true true false false false false true true true false false false false false false false false true false false false false true false false false true 45 0 true 0 false false false false false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true false false false CA CT DC FL GA AL HI IL KS KY ME AK MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA AR WA WV WI X X IEEE CONTROLLERS OFFICE 7329810060 445 HOES LANE PISCATAWAY NJ 08854 FRANCISCO MARTINEZ SECRETARY 4.0 X X 0 0 0 FRED MINTZER TREASURER 4.0 X X 0 0 0 JOHN R TREICHLER PAST PRESIDENT 4.0 X X 0 0 0 MARKO DELIMAR VP PROGRAMS 4.0 X X 0 0 0 RALPH FORD PRESIDENT 4.0 X X 0 0 0 SARAH A RAJALA VICE PRESIDENT, DEVELOPMENT 4.0 X X 0 0 0 ALEX ACERO DIRECTOR-AT-LARGE 2.0 X 0 0 0 CHRISTOPHER GEIGER DIRECTOR-AT-LARGE 2.0 X 0 0 0 HOWARD MICHEL DIRECTOR-AT-LARGE 2.0 X 0 0 0 JERRY L HUDGINS DIRECTOR-AT-LARGE 2.0 X 0 0 0 JOHN D MCDONALD DIRECTOR-AT-LARGE 2.0 X 0 0 0 MARY ELLEN ZELLERBACH DIRECTOR-AT-LARGE 2.0 X 0 0 0 NIM CHEUNG DIRECTOR-AT-LARGE 2.0 X 0 0 0 NITA PATEL DIRECTOR-AT-LARGE 2.0 X 0 0 0 ANTHONY PATANE ASSISTANT TREASURER 2.0 40.0 X 0 271749 52455 KAREN A GALUCHIE ASST SECRETARY & EXEC DIRE 40.0 5.0 X 0 243864 51422 STEPHEN WELBY ASSISTANT SECRETARY 1.0 40.0 X 0 1092921 215124 THOMAS R SIEGERT ASSISTANT TREASURER 1.0 40.0 X 0 582541 51225 0 2191075 370226 0 false true false 0 0 0 0 3519229 0 4661651 35133 8180880 0 0 0 0 0 1368786 1368786 0 0 34312 35155 -843 0 -843 -843 0 0 0 0 0 9548823 0 0 1367943 X 3115507 3115507 662201 662201 285762 285762 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 56000 0 56000 0 0 0 0 0 12750 12750 87055 0 87055 0 812809 129835 682974 0 137500 0 35910 101590 313044 212459 100585 0 0 0 0 0 0 0 0 0 36223 5716 30507 0 160717 79703 81014 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9607 0 9607 0 0 0 0 0 5689175 4491183 1083652 114340 1803328 6513125 12994728 10669547 2624436 2583634 264611 224691 0 0 0 0 78110 92539 0 0 0 0 49573973 43070783 85805 1582699 0 4977975 3856167 72402966 68593185 221781 281405 654593 1549268 0 0 433151 364578 1309525 2195251 19203533 16652269 51889908 49745665 71093441 66397934 72402966 68593185 X 3859648 -7501921 -1053234 X false true X true false X 5779699 5878983 5148174 7673820 8180880 32661556 0 0 5779699 5878983 5148174 7673820 8180880 32661556 12682177 19979379 1167214 1230008 971433 1064263 1368786 5801704 0 0 0 0 0 0 0 38463260 0 0.5194 0.5149 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 56225155 5821682 -4659129 3564279 176476 311110 53335843 47484897 6601459 4846377 2282407 113527 311644 56225155 41972506 4570915 4105536 2667342 113872 382846 47484897 35849206 5269552 4581770 3204319 189477 334226 41972506 36419485 4471586 -1200958 3245952 196653 398302 35849206 0.0676 0.0025 0.9299 true true true PNC-GOLDSMITH BENEFICIAL ASSET 3491590 CHARLES FORTESCUE TRUST 364577 3856167 CHARLES FORTESCUE TRUST 364578 364578 X 2491830 -7501921 1483717 -951734 -6969938 9461768 87055 0 87055 9548823 7187337 1483717 101500 1585217 5602120 87055 0 87055 5689175 Schedule D, Part V, Line 4 Intended uses of endowment funds IEEE FOUNDATION AWARDS GRANTS TO NEW AND INNOVATIVE PROJECTS AND ADMINISTERS AROUND 250 DONOR DESIGNATED FUNDS THAT SUPPORT A VARIETY OF EDUCATIONAL, HUMANITARIAN, HISTORICAL PRESERVATION AND PEER RECOGNITION PROGRAMS OF IEEE. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION IS QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX AND APPLICABLE STATE INCOME TAX AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE IRC. NEVERTHELESS, THE FOUNDATION MAY BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. AS OF DECEMBER 31, 2022 AND 2021, MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in Fair value of beneficial interest in trust - -1053234 Contribution reclass - 101500 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Contribution reclass - 101500 true East Asia and the Pacific 0 0 Grantmaking 94268 Europe (Including Iceland and Greenland) 0 0 Grantmaking 85363 North America (Canada & Mexico only) 0 0 Grantmaking 52250 South America 0 0 Grantmaking 50000 Middle East and North Africa 0 0 Grantmaking 3133 South Asia 0 0 Grantmaking 748 0 0 0 0 0 0 285762 0 285762 South America Engineering Development 50000 Wire/Check East Asia and the Pacific Engineering Development 5000 Wire/Check 1 1 ENGINEERING ACHEIVEMENT AWARD East Asia and the Pacific 45 88269 Wire/Check ENGINEERING ACHEIVEMENT AWARD Europe (Including Iceland and Greenland) 41 81363 Wire/Check ENGINEERING ACHEIVEMENT AWARD North America (Canada & Mexico only) 13 50250 Wire/Check false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE FOUNDATION ,THROUGH ITS 250 FUNDS, SUPPORTS THE AWARDING OF GRANTS, CONTRIBUTIONS, SCHOLARSHIPS, AND FELLOWSHIPS, AS WELL AS THE PRESENTATION OF AWARDS IN RECOGNITION OF INNOVATION. ALL SUPPORT MUST ADVANCE THE IEEE FOUNDATION'S MISSION AND FURTHER THE SCIENTIFIC AND EDUCATIONAL PURPOSE OF IEEE. RECIPIENTS OF SUPPORT ARE APPROVED BY PANELS OF TECHNOLOGY EXPERTS. THE IEEE FOUNDATION MONITORS THE SUPPORTED PROGRAMS THROUGH REPORTS AND OTHER INFORMATION COLLECTION MECHANISMS. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Other:IEEE FOUNDATION BOOKS AND RECORDS ARE MAINTAINED ON AN ACCRUAL BASIS. CERTAIN GRANTS ARE TRACKED ON A CASH BASIS AND THE GRANT DETAILS REPORTED ON THIS SCHEDULE ARE REPORTED ON THE CASH BASIS.; SOUTH AMERICA-Other:IEEE FOUNDATION BOOKS AND RECORDS ARE MAINTAINED ON AN ACCRUAL BASIS. CERTAIN GRANTS ARE TRACKED ON A CASH BASIS AND THE GRANT DETAILS REPORTED ON THIS SCHEDULE ARE REPORTED ON THE CASH BASIS. Schedule F, Part III Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC -Other:IEEE FOUNDATION BOOKS AND RECORDS ARE MAINTAINED ON AN ACCRUAL BASIS. CERTAIN GRANTS ARE TRACKED ON A CASH BASIS AND THE GRANT DETAILS REPORTED ON THIS SCHEDULE ARE REPORTED ON THE CASH BASIS. EUROPE (INCLUDING ICELAND AND GREENLAND) -Other:IEEE FOUNDATION BOOKS AND RECORDS ARE MAINTAINED ON AN ACCRUAL BASIS. CERTAIN GRANTS ARE TRACKED ON A CASH BASIS AND THE GRANT DETAILS REPORTED ON THIS SCHEDULE ARE REPORTED ON THE CASH BASIS. NORTH AMERICA (CANADA & MEXICO ONLY) -Other:IEEE FOUNDATION BOOKS AND RECORDS ARE MAINTAINED ON AN ACCRUAL BASIS. CERTAIN GRANTS ARE TRACKED ON A CASH BASIS AND THE GRANT DETAILS REPORTED ON THIS SCHEDULE ARE REPORTED ON THE CASH BASIS. true IEEE 445 Hoes Lane Piscataway NJ 08854 131656633 501(c)(3) 2707472 Educational Grant SD State University PO 2201 Brookings SD 57006 466000364 501(c)(3) 24000 Educational Grant MIT 77 Massachusetts Ave Cambridge MA 02139 042103594 501(c)(3) 20000 Educational Grant University of Pittsburgh 4200 Fifth Ave Pittsburgh PA 15260 250965591 501(c)(3) 16000 Educational Grant Texas A&M University 400 Bizzell St College Station TX 77840 746000531 501(c)(3) 14000 Educational Grant Iowa State Univ of Sci and Tech Iowa State University Ames IA 50011 426004224 501(c)(3) 11000 Educational Grant Bringing Good News 12 Montagel Way Birmingham AL 35242 204454823 501(c)(3) 10000 Educational Grant Regents of the University of Minnesota 2221 University Ave Minneapolis MN 55414 416007513 501(c)(3) 10000 Educational Grant Peace Brigades Int'l USA PO 75880 Washington DC 20013 911702845 501(c)(3) 10000 Educational Grant Clemson Univ 201 Sikes Avenue Clemson SC 29631 576000254 501(c)(3) 8000 Educational Grant New Jersey Institute of Technology 323 MLK Jr Blvd Newark NJ 07102 226000910 501(c)(3) 8000 Educational Grant Santa Clara Univ 500 El Camino Real Santa Clara CA 95050 941156617 501(c)(3) 8000 Educational Grant Stanford University 450 Jane Stanford Way Stanford CA 94305 941156365 501(c)(3) 7500 Educational Grant Arizona State University Arizona State University Tempe AZ 85281 860196696 501(c)(3) 7000 Educational Grant Association for Computing Machinery Inc 1601 Broadway 10th Floor New York NY 10019 131921358 501(c)(3) 5150 Educational Grant 15 0 Engineering Achievement Award 87 538451 Engineering Development 5 33750 Engineering Scholarship 30 90000 Schedule I, Part IV IEEE FOUNDATION BOOKS AND RECORDS ARE MAINTAINED ON AN ACCRUAL BASIS. CERTAIN GRANTS ARE TRACKED ON A CASH BASIS AND GRANT DETAILS REPORTED ON THIS SCHEDULE ARE REPORTED ON THE CASH BASIS. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE IEEE FOUNDATION, THROUGH ITS 250 FUNDS, PROVIDES FINANCIAL SUPPORT FOR SCHOLARSHIPS AND FELLOWSHIPS, AS WELL AS THE PRESENTATION OF AWARDS IN RECOGNITION OF INNOVATION. ALL SUPPORT ADVANCES THE IEEE FOUNDATION'S MISSION AND FURTHERS THE SCIENTIFIC AND EDUCATIONAL PURPOSES OF IEEE. RECIPIENTS OF SUPPORT ARE APPROVED BY PANELS OF TECHNOLOGY EXPERTS. THE IEEE FOUNDATION MONITORS THE SUPPORTED PROGRAMS THROUGH REPORTS AND OTHER INFORMATION COLLECTION MECHANISMS. false true false false false false false false false STEPHEN WELBY ASSISTANT SECRETARY 0 665413 0 210605 0 216903 0 214124 0 1000 0 1308045 0 152931 THOMAS R SIEGERT ASSISTANT TREASURER 0 440297 0 89454 0 52790 0 39900 0 11325 0 633766 0 0 ANTHONY PATANE ASSISTANT TREASURER 0 214307 0 50878 0 6564 0 40500 0 11955 0 324204 0 0 KAREN A GALUCHIE ASST SECRETARY & EXEC DIRE 0 202502 0 38260 0 3102 0 40500 0 10922 0 295286 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan STEPHEN WELBY, ASSISTANT SECRETARY & EXECUTIVE DIRECTOR, OF THE INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS ("IEEE"), AN ORGANIZATION RELATED TO THE IEEE FOUNDATION, IS THE ONLY PARTICIPANT IN A NONQUALIFIED, UNFUNDED, DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE IRS CODE. THE NON-VESTED PORTION OF MR. WELBY'S DEFERRED COMPENSATION OF $174,224 (CONTRIBUTION ACCRUAL) IS REPORTED IN SCHEDULE J, PART II, COLUMN C. MR. WELBY VESTED AND RECEIVED PREVIOUSLY DEFERRED COMPENSATION OF $152,931 WHICH IS REPORTED IN SCHEDULE J, PART II, COLUMN B. AS THIS AMOUNT WAS PREVIOUSLY REPORTED ON A PRIOR YEAR FORM 990 AS DEFERRED COMPENSATION, THIS AMOUNT IS ALSO REPORTED IN SCHEDULE J, PART II, COLUMN F, PREVIOUSLY REPORTED DEFERRED COMPENSATION. X 4 35013 Market value X Crypto Currency 1 120 NONE false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions IEEE Foundation maintains relationships with third parties to liquidate non cash contributions upon receipt. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of Contributions Form 990, Part III, Line 4d Description of other program services (Expenses $ 397,781 including grants of $ 396,236) ENGAGE: Introduce and involve a wider audience in appreciating the value and importance of engineering and technology through work of the IEEE History Center to record, archive, and educate the public about the nature of technology and its relationship, both past and present, to society. The Life Members Fund supports new and exciting opportunities for young engineers with engineering education and workforce development, applying technology for humanitarian causes and preserving the history of technology. Form 990, Part VI, Line 11b Review of form 990 by governing body IEEE FOUNDATION'S EXECUTIVE DIRECTOR, PRESIDENT, TREASURER AND ASSISTANT TREASURER REVIEW THE CURRENT YEAR'S FORM 990 WITH THE IEEE TAX DEPARTMENT. THE REMAINING BOARD OF DIRECTORS ARE SENT A COPY OF THE FORM 990 BEFORE IT IS SIGNED AND FILED FOR ANY QUESTIONS THEY MAY HAVE RELATED TO ITS PREPARATION AND FINAL SUBMISSION TO THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE IEEE FOUNDATION'S OPERATIONAL MANUAL "CONFLICT OF INTEREST" DISCLOSURE FORM IS REQUIRED TO BE COMPLETED BY IEEE FOUNDATION BOARD MEMBERS AND COMMITTEES OF THE BOARD ON AN ANNUAL BASIS AND SUBMITTED TO THE IEEE OPERATIONS CENTER. THE "CONFLICT OF INTEREST" RESPONSES FROM THE DISCLOSURE FORMS IS REVIEWED FIRST BY THE IEEE INTERNAL AUDIT DEPARTMENT AND SHOULD A POTENTIAL CONFLICT OF INTEREST EXIST, IT SHALL BE MADE KNOWN IMMEDIATELY TO THE PERSON IN CHARGE OF THE ACTIVITY (OR THE NEXT HIGHER AUTHORITY IF THE AFFECTED INDIVIDUAL IS IN CHARGE) WHO, AFTER CONSULTATION WITH THE PRESIDENT AND THE OTHER INDIVIDUALS IN THE ACTIVITY, WILL ADVISE THE AFFECTED INDIVIDUAL OF THE PROPER COURSE OF ACTION AND CAUSE A NOTATION OF THE ACTION TO BE ENTERED IN THE ACTIVITY'S RECORD. Form 990, Part VI, Line 19 Required documents available to the public IEEE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENT ARE AVAILABLE TO THE PUBLIC ON IEEE FOUNDATION'S WEBSITE. Form 990, Part IX, Line 11g Other Fees IEEE PROFESSIONAL STAFF AND SUPPORT SERVICES - Total Expense: 812809, Program Service Expense: 129835, Management and General Expenses: 682974, Fundraising Expenses: 0; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN TRUST - -1053234; INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS INC 445 HOES LANE PISCATAWAY NJ 08854 131656633 SCIENTIFIC NY 501(c)(3) 10 NA false false true true false false false false false false false true true true true true true true false false