2020-10-03T12:45:31-05:00 2019-12-31 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2019-01-01 237284092 NATIONAL ACADEMY OF ENGINEERING FUND NATI 2023342281 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20418 JOHN L ANDERSON PRESIDENT 2023342281 2020-09-22 1 WILLIAM E TURCO CPA P00369217 3012963600 2020-09-22 66.98.98.7 2020-09-22 15:55:30 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 00BFBB601F26E6691F3C42FDB75EEBE807206D5E 2019 2021-01-29 14:40:06Z JOHN L ANDERSON 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20418 47317626 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 13 0 15 0 0 4764188 5114408 265065 203615 1984008 1805742 36 650000 7013297 7773765 5457610 5765675 0 0 0 0 0 0 1147999 2852839 2986225 8310449 8751900 -1297152 -978135 75547832 84748206 878251 2419987 74669581 82328219 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 THE SUPERIOR ACHIEVEMENTS OF ENGINEERS. 0 0 3497458 3497458 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. 1429591 1429591 NAE PRESENTS FIVE AWARDS THE CHARLES STARK DRAPER PRIZE FOR ENGINEERING, THE FRITZ L & DOLORES H RUSS PRIZE, THE BERNARD M GORDON PRIZE FOR INNOVATION IN ENGINEERING AND TECH EDUCATION, THE ARTHUR M BUECHE AWARD & THE SIMON RAMO FOUNDERS AWARD. ACTIVITIES INCLUDE SOLICITING NOMINATIONS, SELECTION OF THE RECIPIENTS, ANNOUNCEMENT OF THE RECIPIENTS & PRESENTATION OF THE PRIZES. 531593 531593 203615 NAE MEMBER PROGRAMS:ORGANIZATION AND ADMINISTRATION OF THE ANNUAL MEETING AND PUBLICATION OF NAE MEMORIAL TRIBUTES. 307033 307033 SUPPORT FOR NRC AND NAS 307033 307033 5765675 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 1 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 X 5 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 13 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AR CA CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X JOAN ZAORSKI DIRECTOR OF FINANCE AND ADMINISTRATION 2023342281 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20418 X GORDON R ENGLAND CHAIRMAN 1.00 X X 0 0 0 C D MOTE JR PRESIDENT THRU 06/2019 37.50 X X 0 422467 54946 JOHN L ANDERSON PRESIDENT FR 7/2019; TRUSTEE THRU 6/2019 37.50 X X 0 435496 9145 CORALE L BRIERLEY VICE PRESIDENT 1.00 X X 0 40000 0 JULIA M PHILLIPS HOME SECRETARY 1.00 X X 0 61777 0 RUTH A DAVID FOREIGN SECRETARY THRU 06/2019 1.00 X X 0 30889 0 JAMES M TIEN FOREIGN SECRETARY FROM 07/2019 1.00 X X 0 20000 0 MARTIN B SHERWIN TREASURER 1.00 X X 0 61777 0 NADINE AUBRY TRUSTEE 1.00 X 0 0 0 JOSEPHINE CHENG TRUSTEE 1.00 X 0 0 0 DAVID E DANIEL TRUSTEE THRU 06/2019 1.00 X 0 0 0 KATHARINE G FRASE TRUSTEE 1.00 X 0 0 0 WESLEY L HARRIS TRUSTEE 1.00 X 0 0 0 EDWARD D LAZOWSKA TRUSTEE 1.00 X 0 0 0 FRANCES S LIGLER TRUSTEE 1.00 X 0 0 0 H VINCENT POOR TRUSTEE 1.00 X 0 0 0 C PAUL ROBINSON TRUSTEE THRU 06/2019 1.00 X 0 0 0 ALAN I TAUB TRUSTEE 1.00 X X 0 0 0 ROBIN K MCGUIRE TRUSTEE FROM 07/2019 1.00 X 0 0 0 YANNIS C YORTOS TRUSTEE 1.00 X 0 0 0 HOWARD B ROSEN TRUSTEE FROM 07/2019 1.00 X 0 0 0 0 1072406 64091 0 0 1 0 SIMON QUICK ADVISORS 360 MOUNT KEMBLE AVENUE MORRISTOWN NJ 07960 INVESTMENT ADVISOR 305024 MAKENA CAPITAL MANAGEMENT 2755 SAN HILL ROAD MENLO PARK CA 94025 INVESTMENT ADVISOR 118383 2 334700 4779708 217664 5114408 NAE ANNUAL MEETING REG 900099 203615 203615 203615 744637 744637 40600268 39539163 1061105 1061105 1061105 4698 4698 0 EXPENSE REFUND 900099 650000 650000 650000 7773765 203615 0 2455742 5265675 5265675 450000 450000 50000 50000 423796 423796 REIMBURSED EXPENSES 2540332 1392333 1147999 CREDIT CARD FEES 17539 17539 TAXES 6484 6484 OTHER EXPENSES -1926 -1926 8751900 5765675 1838226 1147999 6991200 5954266 2271909 3110004 2668764 3752300 30106 18123 24861245 28769318 38193113 42160027 531495 984168 75547832 84748206 878251 2419987 878251 2419987 X 27819432 30782656 46850149 51545563 74669581 82328219 75547832 84748206 X -978135 8432287 204486 X 0 1 X 1 0 X 4516731 7048967 5656571 4764188 5114408 27100865 4516731 7048967 5656571 4764188 5114408 27100865 4097845 23003020 281077 326214 434472 622084 744637 2408484 27515 37376 65241 130132 650000 650000 30289481 962853 0.75940 0.83480 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EXPENSE REFUND - 2019 AMOUNT: $ 650,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33304613 1122528 4808041 1140714 38094468 35516417 111500 -704674 1618630 33304613 32476946 300429 3717900 978858 35516417 32141484 1606922 1271460 32476946 33127342 13742 284196 1283796 32141484 0.82180 0.17820 0 0 0 ALTERNATIVE INVESTMENT 42160027 F 42160027 X 15991440 8432287 204486 8636773 7354667 423796 -4698 419098 7773765 8332802 4698 4698 8328104 423796 423796 8751900 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, 2019, THERE WAS UNRELATED BUSINESS INCOME TAX OF $4,615. 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. UNDER THIS GUIDANCE, THE FUND MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION; ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. THE FUND HAD NO SUCH POSITIONS RECORDED IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2019. GENERALLY, THE FUND IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX POSITIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTERESTS IN SPLIT-INTEREST AGREEMENTS 204,486. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII LINE 10B -4,698. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII LINE 10B 4,698. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 18719820 NORTH AMERICA 0 0 GRANTS TO RECIPIENT LOCATED IN REGION 50000 0 0 0 0 0 0 18769820 0 18769820 NORTH AMERICA 2019 FRITZ J. AND DOLORES H. RUSS PRIZE 50000 CHECK 1 1 0 0 0 0 0 PART I, LINE 2: 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. PART III ACCOUNTING METHOD: 1 NATIONAL ACADEMY OF SCIENCES 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20001 530196932 501(C)(3) 4765675 SUPPORT FOR NAS PROGRAMS GEORGIA TECH FOUNDATION INC 760 SPRING STREET NW SUITE 400 ATLANTA GA 30308 586043294 501(C)(3) 250000 2019 BERNARD M. GORDON PRIZE UNIVERSITY OF MIAMI PO BOX 248106 CONTROLLERS OFFICE CORAL GABLES FL 331242912 590624458 501(C)(3) 50000 2019 FRITZ J. AND DOLORES H. RUSS PRIZE THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY 3145 PORTER DRIVE PALO ALTO CA 94304 941156365 501(C)(3) 100000 2019 FRITZ J. AND DOLORES H. RUSS PRIZE THE UNIVERSITY OF TEXAS FOUNDATION PO BOX 250 AUSTIN TX 787670250 741587488 501(C)(3) 100000 2019 FRITZ J. AND DOLORES H. RUSS PRIZE 5 0 2019 FRITZ J. AND DOLORES H. RUSS PRIZE 2 200000 2019 BERNARD M. GORDON PRIZE 3 250000 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. 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. 0 0 0 0 0 0 0 0 0 C D MOTE JR PRESIDENT THRU 06/2019 0 391329 0 0 0 31138 0 51900 0 3046 0 477413 0 0 JOHN L ANDERSON PRESIDENT FR 7/2019; TRUSTEE THRU 6/ 0 352887 0 0 0 82609 0 0 0 9145 0 444641 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 20 217664 FMV 0 1 0 PART I, COLUMN (B): USING A COMBINATION OF THE TWO METHODS ABOVE FORM 990, PART V, LINE 3B NATIONAL ACADEMY OF ENGINEERING FUND IS AWAITING ADDITIONAL INFORMATION IN ORDER TO TIMELY FILE A COMPLETE AND ACCURATE FORM 990-T BY THE EXTENDED DEADLINE OF NOVEMBER 15, 2020. FORM 990, PART VI, SECTION A, LINE 7A EACH ACTIVE 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 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 MAILED TO THE NAE MEMBERSHIP. THE DEVELOPMENT OFFICE USES IT WHEN FUNDRAISING. THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 7, PART VII, BOARD OF DIRECTORS THE TERM OF THE BOARD OF TRUSTEES ENDS ON 06/30 AND BEGINS ON 07/01. AS SUCH THREE BOARD MEMBERS OF THE BOARD TRUSTEES WERE NOT SERVING AS OF 12/31/2019. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTERESTS IN SPLIT-INTEREST AGREEMENTS 204,486. NATIONAL ACADEMY OF SCIENCES 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20416 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 12B, II 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,