2025-11-11T10:37:36-06:00 2024-12-31 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2024-01-01 237284092 NATIONAL ACADEMY OF ENGINEERING FUND NATI 2023342281 2101 CONSTITUTION AVENUE NW NAS 3 WASHINGTON DC 20418 TSU-JAE KING LIU PRESIDENT 2023342281 2025-11-15 1 0 KRISTEN BARNETT P01234578 8133162300 2025-11-06 2024 2025-03-06 01:10:19Z TSU-JAE KING LIU 2101 CONSTITUTION AVENUE NW NAS 312 WASHINGTON DC 20418 39565372 0 X WWW.NAE.EDU X 1973 DC NATIONAL ACADEMY OF ENGINEERING FUND (NAEF) SUPPORTS THE ACTIVITIES OF (SEE SCHEDULE O)THE NATIONAL ACADEMY OF ENGINEERING (NAE). 18 12 0 13 365290 320137 6677035 8398229 198726 227100 1290350 1501982 0 365 8166111 10127676 5674189 6233358 0 0 0 0 0 0 1327151 3890639 4092061 9564828 10325419 -1398717 -197743 113441226 123476393 3951463 5084969 109489763 118391424 X NAEF SUPPORTS THE ACTIVITIES OF THE NATIONAL ACADEMY OF ENGINEERING (NAE). NAE OPERATES WITHIN THE CHARTER AND FRAMEWORK OF THE NATIONAL ACADEMY OF SCIENCES (NAS) AND ADVISES THE FEDERAL GOVERNMENT ON MATTERS OF SCIENCE AND TECHNOLOGY. NAE ALSO SPONSORS ENGINEERING PROGRAMS AIMED AT MEETING NATIONAL NEEDS, ENCOURAGES EDUCATION AND RESEARCH, AND RECOGNIZES ENGINEERS' SUPERIOR ACHIEVEMENTS. 0 0 3997411 3997411 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. 1151717 1151717 227100 NAE MEMBER PROGRAMS: ORGANIZATION AND ADMINISTRATION OF THE ANNUAL MEETING AND PUBLICATION OF NAE MEMORIAL TRIBUTES. 726632 726632 THE NATIONAL ACADEMY OF ENGINEERING (NAE) PRESENTS SEVEN AWARDS: THE 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, SELECTING RECIPIENTS, ANNOUNCING AWARDEES, AND PRESENTING THE PRIZES. IN 2024, ONLY ONE AWARDTHE CHARLES STARK DRAPER PRIZE FOR ENGINEERINGWAS PRESENTED. 357598 357598 SUPPORT FOR NRC AND NAS 357598 357598 6233358 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 12 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AZ CA FL GA HI IL KS KY MA MD MI MN MS NC ND NH NJ NM NY OR PA RI SC TN UT WA WI WV X JOAN ZAORSKI DIRECTOR OF FINANCE AND ADMINISTRATION 2023342281 2101 CONSTITUTION AVENUE NW NAS 312 WASHINGTON DC 20418 DONALD C WINTER CHAIR (JAN-JUNE) 1.00 X X 0 0 0 ERROLL B DAVIS JR CHAIR (JULY-DEC) 1.00 X X 0 0 0 JOHN L ANDERSON PRESIDENT OF NAE 37.50 X X 0 1062641 98058 WESLEY L HARRIS VICE PRESIDENT 1.00 X X 0 50000 0 CAROL K HALL HOME SECRETARY (JAN-JUNE) 1.00 X X 0 25000 0 HOWARD B ROSEN HOME SECRETARY (JULY-DEC) 1.00 X X 0 25000 0 NADINE AUBRY INTERNATIONAL SECRETARY 1.00 X X 0 50000 0 ROGER L MCCARTHY TREASURER 1.00 X X 0 50470 0 ANJAN BOSE TRUSTEE 1.00 X 0 0 0 DIANNE CHONG TRUSTEE 1.00 X 0 0 0 ELLEN M PAWLIKOWSKI TRUSTEE (JULY-DEC) 1.00 X 0 0 0 JAMES O ELLIS TRUSTEE 1.00 X 0 0 0 RODERIC I PETTIGREW TRUSTEE (JULY-DEC) 1.00 X 0 0 0 EDWARD D LAZOWSKA TRUSTEE (JAN-JUNE) 1.00 X 0 0 0 ROBIN K MCGUIRE TRUSTEE 1.00 X 0 0 0 FIONA M DOYLE TRUSTEE 1.00 X 0 0 0 SUSAN L GRAHAM TRUSTEE 1.00 X 0 0 0 JOSE G SANTIESTEBAN TRUSTEE 1.00 X 0 0 0 CHERRY A MURRAY TRUSTEE 1.00 X 0 0 0 ELSA REICHMANIS TRUSTEE 1.00 X 0 0 0 GERALDINE KNTAZ TRUSTEE 1.00 X 0 0 0 0 1263111 98058 0 0 1 0 SIMON QUICK ADVISORS 360 MOUNT KEMBLE AVENUE MORRISTOWN NJ 07960 INVESTMENT ADVISOR 554253 MAKENA CAPITAL MANAGEMENT LLC 2755 SAND HILL ROAD SUITE 200 MENLO PARK CA 94025 INVESTMENT ADVISOR 124340 2 592000 7806229 436658 8398229 NAT'L MEETING REGIST. 900099 227100 227100 227100 972292 365290 607002 29963108 29433418 529690 529690 529690 4278 4278 0 OTHER REVENUE 900099 365 365 365 10127676 227100 365290 1137057 5733358 5733358 500000 500000 678593 678593 REIMBURSED EXPENSES 2032089 2032089 OTHER EXPENSES 1332055 4904 1327151 CREDIT CARD FEES 28381 28381 TAXES 20943 20943 10325419 6233358 2764910 1327151 8374578 8944000 3153096 3008676 37695 1960151 17015 52027 38845362 29844146 61107639 76934139 1905841 2733254 113441226 123476393 3951463 5084969 3951463 5084969 X 33676475 34700945 75813288 83690479 109489763 118391424 113441226 123476393 X -197743 8921291 178113 X 0 1 X 1 0 X 8957432 15043047 5268203 6677035 8398229 44343946 8957432 15043047 5268203 6677035 8398229 44343946 12665900 31678046 601724 831279 705416 1045601 972292 4156312 850006 1565 43 365 851979 49352237 707818 0.64190 0.58750 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EXPENSE REFUND - 2020 AMOUNT: $ 850,000. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 0. OTHER REVENUE - 2020 AMOUNT: $ 6. 2021 AMOUNT: $ 1,565. 2022 AMOUNT: $ 43. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 365. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57519858 4821568 5238783 1265068 66315141 51351351 2635259 5142226 1608978 57519858 58093475 1069897 -6610885 1201136 51351351 41449588 10953431 6552628 862172 58093475 38094468 736439 3979716 1361035 41449588 0.77530 0.22470 0 0 0 ALTERNATIVE INVESTMENTS 62854288 F 55243.07-TOTAL STOCK MKT IDX ADM (VTSAX) 7790930 F 15322.387-VANGUARD GROWTH ETF (VUG) 6288921 F 76934139 X 18552765 8921291 178113 9099404 9453361 678593 -4278 674315 10127676 9651104 4278 4278 9646826 678593 678593 10325419 PART V, LINE 4: THE ENDOWMENTS EXIST TO FUND THE ACTIVITIES OF THE NATIONAL ACADEMY OF ENGINEERING. THE ENDOWMENT FUNDS FACILITATE PROGRAMS THAT ADDRESS RELEVANT ISSUES IN THE ENGINEERING FIELD AND ALSO FUND THE DRAPER AND GORDON PRIZES. PART X, LINE 2: THE FUND IS INCORPORATED UNDER THE DISTRICT OF COLUMBIA NON-PROFIT CORPORATION ACT AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FUND HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION. THE FUND IS REQUIRED TO REMIT INCOME TAXES TO THE FEDERAL GOVERNMENT AND THE DISTRICT OF COLUMBIA FOR UNRELATED BUSINESS INCOME. FOR THE YEAR ENDED DECEMBER 31, 2024, THERE WAS UNRELATED BUSINESS INCOME TAX OF $20,943. THE FUND COMPLIES WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE FUND'S TAX POSITIONS AND CONCLUDED THAT THE FUND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTERESTS IN SPLIT-INTEREST AGREEMENTS 178,113. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII LINE 10B -4,278. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII LINE 10B 4,278. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 25362852 EAST ASIA AND THE PACIFIC 0 0 GRANT TO RECIPIENT LOCATED IN THE REGION 500000 0 0 0 0 0 0 25862852 0 25862852 2024 CHARLES STARK DRAPER PRIZE EUROPE (INCLUDING ICELAND & GREENLAND) 1 500000 WIRE 1 0 0 0 0 0 PART I, LINE 2: ALL OTHER GRANTS ARE FOR AWARDS GIVEN FOR VARIOUS ENGINEERING ACHIEVEMENTS. EACH AWARD HAS ITS OWN CRITERIA, NOMINATING FORM (WHICH IS ON THE WEBSITE), AND SELECTION COMMITTEE. THE COMMITTEE MEETS SEVERAL TIMES AND REVIEWS THE NOMINATIONS AND MAKES THE FINAL DECISION. 1 NATIONAL ACADEMY OF SCIENCES 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20001 530196932 501(C)(3) 5733358 0 SUPPORT FOR NAS PROGRAMS 1 0 PART I, LINE 2: THE GRANT TO THE NAS IS TO SUPPORT THE PROGRAMS AND ACTIVITIES OF THE NAE, AS WELL AS SUPPORT FOR CERTAIN PROGRAMS OF THE NAS AND NATIONAL RESEARCH COUNCIL. EXPENSES ARE MONITORED AND REVIEWED ON A MONTHLY BASIS AS WELL AS BEING RECONCILED BY BOTH CORPORATIONS AT THE END OF THE YEAR. ADDITIONALLY BOTH CORPORATIONS HAVE EXTERNAL AUDITORS AND THE NAS HAS INTERNAL AND DCAA AUDITORS ON THE PREMISE DURING THE YEAR. 0 0 0 0 0 0 0 0 0 JOHN L ANDERSON PRESIDENT OF NAE 0 813493 0 0 0 249148 0 64250 0 33808 0 1160699 0 0 PART I, LINE 3 THE NATIONAL ACADEMY OF ENGINEERING FUND DOES NOT COMPENSATE ANY OFFICERS OR DIRECTORS. ALL COMPENSATION SHOWN IN PART VII OF THE FORM 990, AND SCHEDULE J, PAGE 2, PART II, IS PAID BY A RELATED ORGANIZATION OF THE FUND, THE NATIONAL ACADEMY OF SCIENCES (NAS). THE COMPENSATION POLICY OF NAS IS AS FOLLOWS: THE COMPENSATION POLICY OF NAS AS IT RELATED TO NAEF PROVIDES THAT COMPENSATION DECISIONS FOR THE NAE PRESIDENT, A DISQUALIFIED PERSON AS DEFINED IN IRC SECTION 4958, IS MADE ANNUALLY BY THE NAS EXECUTIVE COMPENSATION COMMITTEE COMPOSED OF INDEPENDENT DIRECTORS ON THE BASIS COMPATIBILITY DATA, AND THERE IS A RECORD OF ITS DELIBERATIONS AND DECISIONS. X 10 436658 FMV 0 0 1 0 PART I, COLUMN (B): USING THE NUMBER OF CONTRIBUTORS FORM 990, PART VI, SECTION A, LINE 7A EACH ACTIVE NON-INTERNATIONAL (DOMESTIC) MEMBER OF THE ACADEMY SHALL BE ENTITLED TO VOTE FOR THE ELECTION OF OFFICERS OR COUNCILLORS OF THE ACADEMY. FORM 990, PART VI, SECTION A, LINE 7B EACH ACTIVE MEMBER OF THE ACADEMY SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE AT ANY MEETING. VOTING ON ALL MATTERS, INCLUDING THE ELECTION OF OFFICERS OR COUNCILLORS, MAY BE CONDUCTED BY WRITTEN DOCUMENT BETWEEN MEETINGS OF THE MEMBERSHIP SO LONG AS THE TOTAL NUMBER OF VOTES CAST IS EQUAL TO OR GREATER THAN THE NUMBER OF VOTING MEMBERS REQUIRED TO CONSTITUTE A QUORUM AT A BUSINESS SESSION OF A STATED OR SPECIAL MEETING. TEN PERCENT OF THE ACTIVE MEMBERS OF THE ACADEMY, PRESENT IN PERSON, SHALL CONSTITUTE A QUORUM FOR ANY BUSINESS SESSION OF A STATED OR SPECIAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE AND ADMINISTRATION, PRESIDENT AND NAS OFFICE OF GENERAL COUNSEL REVIEW A DRAFT FORM 990 AND DISCUSS QUESTIONS WITH THEIR EXTERNAL ACCOUNTANTS PRIOR TO FINALIZING THE RETURN. THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR OFFICERS AND TRUSTEES ARE REQUESTED TO COMPLETE A CONFLICT OF INTEREST FORM AND PARTICIPATE IN A BOARD DISCUSSION OF THE NAEF CONFLICT OF INTEREST POLICY AND ANY POTENTIAL CONFLICTS OF AN INDIVIDUAL OFFICERS AND TRUSTEES. IF THERE WAS EVER A CONFLICT, THE BOARD MEMBER WOULD RECUSE HIMSELF. FORM 990, PART VI, SECTION B, LINE 15 THE NATIONAL ACADEMY OF ENGINEERING FUND (NAEF) DOES NOT COMPENSATE ANY OFFICERS OR DIRECTORS. ALL COMPENSATION SHOWN IN PART VII OF THE FORM 990, AND SCHEDULE J, PAGE 2, PART II, IS PAID BY A RELATED ORGANIZATION OF THE FUND, THE NATIONAL ACADEMY OF SCIENCES (NAS). THE COMPENSATION POLICY OF NAS IS AS FOLLOWS: THE COMPENSATION POLICY OF NAS AS IT RELATED TO NAEF PROVIDES THAT COMPENSATION DECISIONS FOR THE NAE PRESIDENT, A DISQUALIFIED PERSON AS DEFINED IN IRC SECTION 4958, IS MADE ANNUALLY BY THE NAS EXECUTIVE COMPENSATION COMMITTEE COMPOSED OF INDEPENDENT DIRECTORS ON THE BASIS COMPATIBILITY DATA, AND THERE IS A RECORD OF ITS DELIBERATIONS AND DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 AN ANNUAL REPORT CONTAINING THE FINANCIAL STATEMENTS IS POSTED TO THE NAE WEBSITE AND IS AVAILABLE TO THE NAE MEMBERSHIP. THE DEVELOPMENT OFFICE USES IT WHEN FUNDRAISING. THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTERESTS IN SPLIT-INTEREST AGREEMENTS 178,113. NATIONAL ACADEMY OF SCIENCES 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20418 530196932 SCIENTIFIC RESEARCH DC 501(C)(3) LINE 7 N/A 0 THE NATIONAL ACADEMIES CORPORATION 100 ACADEMY DRIVE IRVINE CA 92617 942994279 SCIENTIFIC MEETINGS CA 501(C)(3) LINE 12A, I NATIONAL ACADEMY OF SCIENCES 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 SCHEDULE R , PAGE 1, PART II, COLUMN (C), LEGAL DOMICILE. THE NATIONAL ACADEMY OF SCIENCES IS A FEDERALLY CHARTERED TAX - EXEMPT CORPORATION ESTABLISHED BY AN ACT OF CONGRESS IN 1863.