2021-09-07T16:56:48-05:00 2020-12-31 381357951 PLANTE & MORAN PLLC 10 SOUTH RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2020-01-01 382746841 SME EDUCATION FOUNDATION SMEE 3134253000 1000 TOWN CENTER NO 1910 SOUTHFIELD MI 48075 CRAIG CONNOP CFO 3134253000 2021-08-31 1 CRAIG CONNOP 999009999 DAVID LOWENTHAL P00378651 3122071040 2021-08-31 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CRAIG CONNOP 1000 TOWN CENTER NO 1910 SOUTHFIELD MI 48075 5168994 0 X WWW.SMEEF.ORG X 1987 MI THE SME EDUCATION FOUNDATION MISSION IS TO INSPIRE, PREPARE, AND SUPPORT THE NEXT GENERATION OF MANUFACTURING ENGINEERS AND TECHNOLOGISTS. 7 7 7 163 0 0 3916951 1130183 48408 214497 2085230 1418252 168441 0 6219030 2762932 1901787 2832640 0 0 876588 901400 9900 3540 255526 693326 746653 3481601 4484233 2737429 -1721301 27110002 26838033 1080079 530327 26029923 26307706 X A. TO OPERATE AND ACT EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSE OF THE SOCIETY OF MANUFACTURING ENGINEERS, A TAX-EXEMPT CHARITABLE ORGANIZATION WHICH IS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, (THE "CODE"), AND WHICH IS NOT A PRIVATE FOUNDATION, AS SUCH TERM IS DEFINED IN CODE SECTION 509, PURSUANT TO CODE SECTION 509(A)(2). B. THE SME EDUCATION FOUNDATION'S MISSION IS TO PREPARE THE FUTURE ENGINEERS AND TECHNOLOGISTS FOR MANUFACTURING CAREERS THROUGH OUTREACH PROGRAMS TO ENRICH STUDENTS TO STUDY SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) IN ALIGNMENT WITH SME. C. TO OPERATE AND ACT EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AS SUCH TERMS ARE USED IN CODE SECTION 501(C)(3). D. TO RECEIVE AND ADMINISTER ASSETS EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AS SUCH TERMS ARE USED IN CODE SECTION 501(C)(3). 0 0 1196853 991350 214497 SCHOLARSHIPS: IN 2020 THE SME EDUCATION FOUDATION AWARDED ACADEMIC SCHOLARSHIPS TO 440 GRADUATING HIGH SCHOOL SENIORS, CURRENT UNDERGRADUATES AND MASTERS OR DOCTORAL DEGREE STUDENTS PURSUING POST-SECONDARY DEGREES IN MANUFACTURING ENGINEERING, MANUFACTURING TECHNOLOGY, AND RELATED FIELDS. TOTAL SCHOLARSHIP AWARDS DISTRIBUTED TO 158 HIGHER EDUCATIONAL INSTITUTIONS EQUALED $991,350. 2173231 1797324 EDUCATIONAL PROGRAMS: THE PRIME (PARTNERSHIP RESPONSE IN MANUFACTURING EDUCATION) PROGRAM PROVIDES HIGH SCHOOL STUDENTS WITH HANDS-ON TRAINING AND MANUFACTURING SKILLS THROUGH ACCESS TO ADVANCED TECHNOLOGIES, INDUSTRY-LED CURRICULUM, JOB SHADOWING AND MENTORING PROGRAMS. CASH, EQUIPMENT AND CURRICULUM TOTALING $1,797,324 WAS DONATED TO SCHOOLS IN THE PRIME NETWORK IN 2020. 43966 43966 EDUCATIONAL EVENTS AND ACTIVITIES: PROJECTS INCLUDED SPONSORSHIP OF GIRL'S STEM CAMP AND SME STUDENT CHAPTER ASSISTANCE 3414050 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA IL MI NJ NY OH PA WA WI MN AL X CRAIG CONNOP 3134253000 1000 TOWN CENTER NO 1910 SOUTHFIELD MI 48075 IRVING PRESSLEY MCPHAIL PRESIDENT 4.00 0.00 X X 0 0 0 JOE KANN VICE PRESIDENT/ACTING PRESIDENT 2.00 0.00 X X 0 0 0 JOHN MILLER SECRETARY/TREASURER 2.00 0.00 X X 0 0 0 WAYNE FROST DIRECTOR 2.00 0.00 X 0 0 0 FRANK ERVIN DIRECTOR 2.00 0.00 X 0 0 0 BRIAN RUESTOW DIRECTOR 2.00 0.00 X 0 0 0 PAMELA RUSCHAU DIRECTOR 2.00 0.00 X 0 0 0 SANDRA BOUCKLEY EXECUTIVE DIRECTOR & CEO 4.00 46.00 X 51199 588786 14503 CRAIG CONNOP CHIEF FINANCIAL OFFICER 4.00 46.00 X 20746 238579 38718 ROBERT LUCE VP, SME EDUCATION FOUNDATION 50.00 0.00 X 201711 0 32793 273656 827365 86014 1 0 1 0 0 569814 560369 288750 1130183 SCHOLARSHIP ADMINISTRATION REVENU 561000 214497 214497 214497 274329 274329 3549985 2406062 1143923 1143923 1143923 2762932 214497 0 1418252 1841290 1841290 991350 991350 218117 188603 9437 20077 543324 182153 197917 163254 91476 47920 33976 9580 48483 25399 10011 13073 51538 51538 33753 33753 3540 3540 31145 31145 74099 67174 6925 56361 14254 37671 4436 61122 53498 7624 14710 7123 3949 3638 58302 58160 87 55 327748 327748 2083 2083 MISCELLANEOUS 30527 2002 28525 STUDENT AWARDS & PRIZES 5265 4300 625 340 4484233 3414050 814657 255526 1933518 1513338 602170 299792 1324449 651273 13860 17096 77670 74024 5729 3646 23230276 24352888 27110002 26838033 60274 86259 135000 112500 246555 243537 638250 88031 1080079 530327 X 5861358 6726617 20168565 19581089 26029923 26307706 27110002 26838033 X -1721301 2004359 -5275 X 0 1 X 1 0 X 2518119 2561488 2758087 3916951 1130183 12884828 2518119 2561488 2758087 3916951 1130183 12884828 3575289 9309539 324158 387061 327766 392908 274329 1706222 22910 22120 22734 216849 214497 499110 15090160 717673 0.61690 0.57980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 18337787 16039 2487382 477900 928594 19434714 16634755 104636 3609008 522814 1487798 18337787 17959527 30940 -1254712 578491 -477491 16634755 16437845 134472 3246844 514219 1345415 17959527 15867363 400071 1073961 467276 436274 16437845 0.22300 0.36500 0.41200 0 0 77670 74024 3646 3646 ANNUITY OBLIGATIONS 18265 DUE TO SME 69766 88031 4736146 2004359 2004359 2731787 31145 31145 2762932 4458363 5275 5275 4453088 31145 31145 4484233 PART V, LINE 4: SME-EF CLASSIFIES DONATIONS AS PERMANENTLY RESTRICTED ENDOWMENT FUNDS IN THOSE INSTANCES IN WHICH THE DONOR HAS STIPULATED THAT THE PRINCIPAL IS TO BE MAINTAINED IN PERPETUITY FOR THE BENEFIT OF SME-EF. SME-EF IS ENTITLED TO THE EARNINGS OF SUCH FUNDS FOR OPERATING PURPOSES OR SUCH OTHER PURPOSE SPECIFIED BY THE DONOR. EARNINGS FROM PERMANENTLY RESTRICTED ENDOWMENT FUNDS ARE TEMPORARILY RESTRICTED UNTIL USED FOR THE PURPOSE INTENDED BY THE DONOR, PRIMARILY TO SUPPORT STEM RELATED YOUTH PROGRAMS AND SCHOLARSHIPS. THE BOARD OF DIRECTORS HAS DESIGNATED CERTAIN ACCUMULATED UNRESTRICTED EARNINGS OF ENDOWMENT FUNDS AND AMOUNTS FOR WHICH RESTRICTIONS HAVE BEEN MET AS BOARD-DESIGNATED (QUASI) ENDOWMENT FUNDS. PART XII, LINE 2D - OTHER ADJUSTMENTS: REVALUATION OF CHARITABLE GIFT ANNUITY OBLIGATIONS 5,275. PART IV, LINE 2B: ECROW AND CUSTODIAL ACCOUNTS SME EDUCATION FOUNDATION ("SME-EF") SERVED AS AN INTERMEDIARY FOR CERTAIN NON-STEM SCHOLARSHIP PROGRAMS WHEREBY THE SCHOLARSHIP RECIPIENTS WERE SELECTED BY THE DONOR. 1 ANNA HS 1 MCRILL WAY ANNA OH 45302 346400050 GOVERNMENT 81281 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT APOLLO HS 1000 44TH AVE N ST CLOUD MN 56303 416003926 GOVERNMENT 82655 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT BIRCH RUN HS 12450 CHURCH ST STE 2 BIRCH RUN MI 48415 386021795 GOVERNMENT 72705 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT CENTERLINE HS 26300 ARSENAL CENTER LINE MI 48015 386002563 GOVERNMENT 65891 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT CORNERSTONE HEALTH TECH HIGH SCHOOL 17351 SOUTHFIELD FWY DETROIT MI 48235 454841915 GOVERNMENT 13378 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT FRASER PUBLIC SCHOOLS 33466 GARFIELD FRASER MI 48026 386002514 GOVERNMENT 20692 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT SAGINAW ISD - FREELAND HS 8250 WEBSTER RD FREELAND MI 48623 381708761 GOVERNMENT 48888 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT GRAND HAVEN AREA PUBLIC SCHOOLS (SHAPE) 17001 FERRIS STREET GRAND HAVEN MI 49417 386003290 GOVERNMENT 119257 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT GRATIOT-ISABELLA 1131 E CENTER ST PO BOX 310 ITHACA MI 48847 381713020 GOVERNMENT 156043 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT SAGINAW ISD - HEMLOCK HS 733 N HEMLOCK RD HEMLOCK MI 48626 381708761 GOVERNMENT 96463 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT SAGINAW ISD - HERITAGE HS 3465 N CENTER RD SAGINAW MI 48603 381708761 GOVERNMENT 105394 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT SAGINAW ISD - MERRILL HS 555 W ALICE ST MERRILL MI 48637 381708761 GOVERNMENT 76988 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT PINE BUSH HS 118 STATE ROUTE 302 PINE BUSH NY 12566 146001391 GOVERNMENT 100375 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT PLYMOUTH-CANTON COMM SCHOOLS 454 S HARVEY STREET PLYMOUTH MI 48170 386004186 GOVERNMENT 30509 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT PONTIAC HS 1051 ARLENE AVE PONTIAC MI 48340 386003035 GOVERNMENT 128683 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT RUSD - RACINE CASE HS 7345 WASHINGTON AVE RACINE WI 53406 396031430 GOVERNMENT 62529 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT RUSD - PARK HS 1901 12TH ST RACINE WI 53403 396031430 GOVERNMENT 60264 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT ROMEO COMMUNITY SCHOOLS 316 NORTH MAIN STREET ROMEO MI 48065 386002495 GOVERNMENT 37909 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT SAGINAW ISD - SAGINAW CAREER COMPLEX 2102 WEISS ST SAGINAW MI 48602 381708761 GOVERNMENT 181970 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT SAGINAW ISD - SWAN VALLEY HS 8400 OHERN RD SAGINAW MI 48609 381708761 GOVERNMENT 84260 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT TOOLING UNIVERSITY 3615 SUPERIOR AVE E STE 4405A CLEVELAND OH 44114 380298770 GOVERNMENT 30000 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT WADSWORTH HIGH SCHOOL 524 BROAD STREET WADSWORTH OH 44281 346002962 GOVERNMENT 6270 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT RALPH C WILSON FOUNDATION 3101 E GRAND BLVD STE 200 DETROIT MI 48202 450921232 501(C)(3) 62500 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT WHITEHALL HIGH SCHOOL 3100 WHITE LAKE DR WHITEHALL MI 49461 386002973 GOVERNMENT 74695 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT CENTRAL COLUMBIA HS 4777 OLD BERWICK RD BLOOMSBURG PA 17815 231659549 GOVERNMENT 624 22869 FMV MFG. EQUIPMENT/CURRICULUM PRIME SCHOOL SUPPORT 25 0 COLLEGE AND TECHNICAL SCHOOL SCHOLARSHIPS 440 991350 PART I, LINE 2: SITES WITHIN OUR PRIME NETWORK THAT RECEIVE FUNDING FROM SME-EF ARE HIGHLY ENGAGED WITH BOTH SME-EF STAFF AND THEIR LOCAL SUPPORTING INDUSTRY PARTNER. ALL PRIME DESIGNATED SITES COMPLETE YEAR END REPORTS THAT DETAIL FUNDING ALLOCATIONS AND EXPENDITURES. AN SME-EF STAFF MEMBER OR SME VOLUNTEER VISITS OR CONSULTS WITH EACH PRIME SCHOOL AT LEAST ANNUALLY TO MONITOR AND SUPPORT THEIR PROGRAM. 0 0 0 1 1 0 0 0 0 SANDRA BOUCKLEY EXECUTIVE DIRECTOR & CEO 44514 511907 6400 73600 285 3279 1012 11640 148 1703 52359 602129 0 0 CRAIG CONNOP CHIEF FINANCIAL OFFICER 18152 208744 2545 29267 49 568 902 10373 2195 25248 23843 274200 0 0 ROBERT LUCE VP, SME EDUCATION FOUNDATION 151295 0 50167 0 249 0 10485 0 22308 0 234504 0 0 0 PART I, LINE 3 SOCIETY OF MANUFACTURING ENGINEERS ("SME"), THE PARENT ORGANIZATION OF SME-EF, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S VICE PRESIDENT: 1) RECOMMENDATION OF THE SME CEO 2) BENCHMARK STUDIES BY AN INDEPENDENT COMPENSATION CONSULTANT 3) FORM 990 OF OTHER SIMILAR ORGANIZATIONS 4) PRE-ESTABLISHED JOB OBJECTIVES IN ACCORDANCE WITH THE SME EXECUTIVE INCENTIVE PLAN 5) APPROVAL BY THE SME EXECUTIVE COMPENSATION COMMITTEE PART I, LINE 5 SME, A RELATED ORGANIZATION, PAID BONUSES TO ITS MANAGEMENT, INCLUDING THE SME EDUCATION FOUNDATION VICE-PRESIDENT. THE BONUSES WERE PARTLY BASED ON ACHIEVEMENT OF SPECIFIC PROJECT MANAGEMENT GOALS AND PARTLY UPON THE REVENUES OF SME. NO PORTION WAS CONTINGENT UPON THE NET EARNINGS OF SME-EF OR ANY RELATED ORGANIZATION. X SOFTWARE CONTENT/ SUBSCRIPTIONS 1 288750 FMV 0 0 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION (CONTINUED) E. TO CONDUCT ANY AND ALL SUCH ACTIVITIES AND EXERCISE ANY AND ALL SUCH POWERS AS ARE NECESSARY OR DESIRABLE TO THE ACHIEVEMENT OF THE FOREGOING AND FURTHERANCE OF THE PURPOSES OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 6 SME IS THE SOLE SHAREHOLDER OF SME EDUCATION FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A ALL ELECTED DIRECTORS ARE APPROVED BY THE SME EXECUTIVE COMPENSATION COMMITTEE AND SERVE AT THE PLEASURE OF THE SHAREHOLDER, SME. FORM 990, PART VI, SECTION A, LINE 7B THE SME-EF BYLAWS ARE REVIEWED AND APPROVED BY THE SME EXECUTIVE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B SME AND SME-EF UTILIZE AN INDEPENDENT ACCOUNTING FIRM TO COMPLETE THE FORM 990 AND RELATED SCHEDULES. A DETAILED REVIEW OF THE FEDERAL FORM 990 WAS PERFORMED BY THE VICE PRESIDENT, FINANCE, AND THE CHIEF EXECUTIVE OFFICER OF SME AND SME-EF. WHEN THE RETURN WAS FINALIZED, IT WAS PRESENTED TO THE EXECUTIVE DIRECTOR/CEO FOR DISCUSSION AND REVIEW, WHERE ALL COMMENTS WERE ADDRESSED. THE RETURN WAS THEN PRESENTED TO THE SME/SME-EF'S COMBINED AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL, AS DELEGATED PER THE GOVERNING BODIES. THE SIGNED RETURN WAS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES SIGN A DISCLOSURE FORM WHEN THEY ARE HIRED AND ARE REMINDED OF THE POLICY ANNUALLY. IF A CONFLICT ARISES, THEY ARE EVALUATED BY THE VICE PRESIDENT, HUMAN RESOURCES AND THE SME EXECUTIVE DIRECTOR/CEO. CORRECTIVE ACTION IS TAKEN IF REQUIRED. FORM 990, PART VI, SECTION B, LINE 15 ALL SME-EF STAFF ARE EMPLOYED BY SME, WHICH ALSO PROVIDES ACCESS TO EMPLOYEE BENEFIT PLANS. SME-EF REIMBURSES SME FOR ITS EMPLOYEE COSTS. BENCHMARK STUDIES HAVE BEEN PERFORMED WHEN DETERMINING THE COMPENSATION TO BE PAID TO THE SME CEO/EXECUTIVE DIRECTOR AND ALL TOP MANAGEMENT. A THIRD PARTY PERFORMED AN INDEPENDENT ASSESSMENT USING MULTIPLE LOCAL AND NATIONAL SURVEYS. TARGET COMPENSATION IS BASED ON THESE BENCHMARK STUDIES. THE EXECUTIVE COMPENSATION COMMITTEE CONDUCTS AN ANNUAL PERFORMANCE REVIEW FOR THE CEO/EXECUTIVE DIRECTOR AGAINST PREVIOUSLY SET OBJECTIVES. THE CEO/EXECUTIVE DIRECTOR CONDUCTS AN ANNUAL PERFORMANCE REVIEW OF ALL TOP MANAGEMENT AGAINST PREVIOUSLY SET OBJECTIVES. MERIT INCREASES ARE AWARDED ANNUALLY BY THE EXECUTIVE COMPENSATION COMMITTEE FOR THE CEO/EXECUTIVE DIRECTOR AND ALL TOP MANAGEMENT, BASED ON PERFORMANCE REVIEWS. EXECUTIVE INCENTIVES ARE AWARDED BASED ON THE EXECUTIVE INCENTIVE PLAN. FORM 990, PART VI, SECTION C, LINE 19 SME-EF MAKES ITS CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. ELECTRONIC AND PRINTED COPIES ARE BOTH AVAILABLE. FORM 990, PART XI, LINE 9: REVALUATION OF CHARITABLE GIFY ANNUITY OBLIGATIONS -5,275. FORM 990, PART V, LINE 2A: NUMBER OF EMPLOYEES ON FORM W-3 THE NUMBER OF EMPLOYEES REPORTED (7) CORRESPONDS TO DEDICATED SME-EF EMPLOYEES, ALTHOUGH ALL WAGE/W-3 REPORTING IS SOLELY THROUGH SME, THE COMMON PAYMASTER. ALL SME-EF STAFF ARE EMPLOYED BY SME, WHICH ALSO PROVIDES ACCESS TO EMPLOYEE BENEFIT PLANS. SME-EF REIMBURSES SME FOR ITS EMPLOYEE COSTS. FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II: ALLOCATION OF COMPENSATION AMONG ORGANIZATION AND RELATED ORG. THE EXECUTIVE DIRECTOR & CEO AND VICE PRESIDENT, FINANCE PROVIDES SERVICES TO BOTH SME-EF AND SOCIETY OF MANUFACTURING ENGINEERS, A RELATED ORGANIZATION WHO ALSO SERVES AS THE COMMON PAYMASTER. ADDITIONALLY, THE VICE PRESIDENT, SME-EF AND EDUCATIONAL PROGRAMS OFFICER PERFORM WORK SOLELY FOR SME-EF, BUT ARE COMPENSATED BY SOCIETY OF MANUFACTURING ENGINEERS. COMPENSATION FOR THESE INDIVIDUALS ON PART VII, SECTION A AND SCHEDULE J, PART II HAS BEEN ALLOCATED BASED OFF THE HOURS OF WORK PERFORMED FOR EACH ORGANIZATION. SOCIETY OF MANUFACTURING ENGINEERS 1000 TOWN CENTER STE 1910 SOUTHFIELD MI 48075 380298770 EDUCATION MI 501(C)(3) LINE 10 N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0