2017-10-16T14:05:02-05:00 2016-12-31 GRANT THORNTON LLP 171 N CLARK ST SUITE 200 CHICAGO IL 60601 990 2016-01-01 382746841 SME Education Foundation % JULIE DUFF SMEE 3134253000 One SME Drive Dearborn MI 481282408 JEFFREY M KRAUSE Dir. & CEO of SME 3134253000 2017-10-16 true Bridget T Roche P00666837 3128560200 2016 2022-09-23 18:48:47Z Jeffrey M Krause One SME Drive Dearborn MI 481282408 3828100 false 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. 19 19 6 325 0 1680978 2518119 32013 62913 1042668 765203 0 22910 2755659 3369145 1593608 1395607 0 0 0 666288 2773 3153 279475 1114201 442327 2710582 2507375 45077 861770 19216432 20436571 1190410 1109817 18026022 19326754 X SEE SCHEDULE O. false true 1340945 1109897 85823 Scholarships: In 2016 the SME Education Foundation awarded academic scholarships to 470 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 173 higher educational institutions equaled $1,109,897. 422248 279304 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. In 2016, grants totaling $279,304 were awarded for grants, curriculum, equipment and program support. The PRIME network serves 11,500 students in 38 schools nationwide. 21406 6406 Educational events and activities, as inspiration for students to consider future careers in engineering and manufacturing. Projects included sponsorship of Manufacturing Day activities and 3D printing and design projects for middle and high school students. 1784599 true true false false false false false false true true true false false false true true true true false false false false 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 X 4 0 true 6 true false false false false false false false false false false X 19 19 false false false false true true true true true false false true true true true true true false false false CA MI NJ NY OH PA WA WI X JULIE DUFF 3134253000 ONE SME DRIVE Dearborn MI 48128 X Brian Ruestow President 4.0 0.0 X X 0 0 0 Kathy Burnham Vice President/Secretary 2.0 0.0 X X 0 0 0 Peter F Mackie Treasurer/Chair of Finance 2.0 0.0 X X 0 0 0 Edward M Swallow Asst Treas/Vice Chair Finance 2.0 0.0 X X 0 0 0 Ashok Agrawal Director 2.0 0.0 X 0 0 0 Ray Betz Director 2.0 0.0 X 0 0 0 David Bozeman Director 2.0 0.0 X 0 0 0 Elizabeth Kautzman Director 2.0 0.0 X 0 0 0 Gwendolyn Malone Director 2.0 0.0 X 0 0 0 Michael Marlowe Director 2.0 0.0 X 0 0 0 Jennifer McNelly Director 2.0 0.0 X 0 0 0 Karla Middlebrooks Director 2.0 0.0 X 0 0 0 John Miller Director 2.0 0.0 X 0 0 0 Irving Pressley McPhail Director 2.0 0.0 X 0 0 0 Ted Peachee Director 2.0 0.0 X 0 0 0 Pamela Ruschau Director 2.0 0.0 X 0 0 0 Mike Schmidt Director 2.0 0.0 X 0 0 0 Sue Shimoyama Director 2.0 0.0 X 0 0 0 Peter Zierhut Director 2.0 0.0 X 0 0 0 Jeffrey M Krause Executive Director & CEO 4.0 46.0 X 34018 391196 42690 Julie Duff VP, Finance 4.0 46.0 X 13778 158444 19090 Brian Glowiak VP, SME Education Foundation 50.0 0.0 X 203213 0 25970 Josh Cramer Educational Programs Officer 40.0 0.0 X 117017 0 2956 368026 549640 90706 2 false true false 0 383352 2134767 351009 2518119 SCHOLARSHIP ADMINISTRATION REVENUE 561000 62913 62913 62913 324158 324158 0 0 0 0 0 900000 458955 441045 441045 441045 0 0 0 0 0 0 0 0 0 RETURNED GRANTS AND SCHOLARSHIPS 561000 22910 22910 22910 3369145 85823 765203 285710 285710 1103897 1103897 6000 6000 0 206958 114991 91967 0 377894 201226 81954 94714 16749 9002 2363 5384 21588 10515 6623 4450 43099 16416 13927 12756 0 44902 44902 18880 18880 0 3153 3153 30695 30695 0 25682 8409 1623 15650 19750 882 18140 728 110442 105048 4889 505 0 0 49179 15772 20308 13099 0 7686 110 7368 208 0 100000 73500 26500 2140 2140 0 STUDENT SUPPLIES&CURRICULUM 20882 20882 STAFF RECRUITMENT 8340 740 7600 EDUCATION AND TRAINING 2732 2378 354 STUDENT AWARDS AND PRIZES 730 730 287 20 267 2507375 1784599 443301 279475 672478 663000 0 0 4276 146827 0 0 0 0 0 0 0 0 0 0 24781 7425 71420 71038 2522 382 18512375 19618937 0 0 0 0 0 0 0 0 19216432 20436571 53982 929 96813 108545 125100 125000 0 0 171843 196825 0 0 0 0 0 0 742672 678518 1190410 1109817 X 4599682 4747897 6632430 7735883 6793910 6842974 18026022 19326754 19216432 20436571 X 861770 509349 -70387 X X false true X true false X 1440407 1846005 1284471 1680978 2518119 8769980 0 0 1440407 1846005 1284471 1680978 2518119 8769980 4063450 4706530 377974 240810 329395 287706 324158 1560043 0 22910 22910 10352933 156774 0.45461 0.46624 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 15867363 400071 1073961 467276 436274 16437845 17984841 102835 -215314 499199 1505800 15867363 17944029 42191 903519 904898 0 17984841 19074837 50776 2998031 716716 3462899 17944029 18005729 123627 2536275 1089794 501000 19074837 0.26160 0.41630 0.32210 false false 71420 71038 382 382 0 DUE TO SME 407308 ANNUITY OBLIGATIONS 271210 678518 X 3824889 509349 509349 3315540 30695 22910 53605 3369145 2524157 70387 70387 2453770 30695 22910 53605 2507375 Part IV, Line 2b ESCROW 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. Part V, Line 4 INTENDED USES OF ENDOWMENT FUNDS 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 X, Line 2 LIABILITY FOR UNCERTAIN TAX POSITION (ASC 740) SME and SME Education Foundation ("SME-EF") have received favorable determination letters from the Internal Revenue Service stating that they are exempt from federal income taxes under Section 501(a) of the Internal Revenue Code of 1986 ("IRC"), as organizations described in Section 501(c)(3), except for income taxes pertaining to unrelated business income. The Financial Accounting Standards Board issued guidance that requires tax effects from uncertain tax positions to be recognized in financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. Management has determined that there are no material uncertain tax positions that require recognition in the financial statements. Additionally, no provision for income taxes is reflected in these financial statements, and there is no interest or penalties recognized in the statement of activities or financial position. The tax years ended 2012, 2013, 2014, and 2015 are still open to audit for both federal and state purposes. Part XI, Line 4b AMOUNTS INCLUDED ON FORM 990, NOT ON LINE 1 RETURNED GRANTS AND SCHOLARSHIPS: $22,910 ----------- TOTAL $22,910 Part XII, Line 2d AMOUNTS INCLUDED ON LINE 1, NOT ON FORM 990 REVALUATION OF CHARITABLE GIFT ANNUITY OBLIGATIONS: $70,387 ----------- TOTAL $70,387 Part XII, Line 4b AMOUNTS INCLUDED ON FORM 990, NOT ON LINE 1 RETURNED GRANTS AND SCHOLARSHIPS: $22,910 ----------- TOTAL $22,910 College and Technical School Scholarships North America 3 6000 Check false false false false false false true Board of Education of Jefferson County Kentucky 9600 Old Six Mile Ln Louisville KY 40299 616001316 501(a) 10000 PRIME School Support Programs Cazenovia Central School District 31 Emory Ave Cazenovia NY 13035 156002158 501(a) 10000 PRIME School Support Charlotte Mecklenburg Board of Education 700 East Stonewall St Charlotte NC 28202 566001074 501(a) 10000 PRIME School Support City of WorcesterWorcester Public Schools 20 Irving St Worcester MA 01609 046001418 501(a) 10000 PRIME School Support Colorado Springs School Dst 11 1590 W Fillmore St Col Springs CO 80904 846001179 501(a) 10000 PRIME School Support Eagle Mountain-Saginaw ISD 1200 Old Decatur Rd Fort Worth TX 76179 756004855 501(a) 10000 PRIME School Support Escondido Union High School Dst 302 N Midway Dr Escondido CA 92027 956001096 501(a) 10000 PRIME School Support Helena School District #1 55 S Rodney St Helena MT 59601 816000557 501(a) 10000 PRIME School Support Independent School District #885 11343 50th St NE Albertville MN 55301 416004774 501(a) 10000 PRIME School Support Indiana County Technology Ctr 441 Hamill Rd Indiana PA 15701 251159359 501(a) 10000 PRIME School Support Jackson County Interm School Dist 6700 Browns Lake Rd Jackson MI 49201 381710621 501(a) 10000 PRIME School Support Leyden High School District 212 3400 Rose St Franklin Park IL 60131 366004404 501(a) 10000 PRIME School Support Metropolitan School Dst of Wayne Twp 1220 S High School Rd Indianapolis IN 46241 351072270 501(a) 10000 PRIME School Support Newport News Public Schools 12465 Warwick Blvd Newport News VA 23606 541398784 501(a) 10000 PRIME School Support Norwalk-La Mirada Unified Schools District 12820 Pioneer Blvd Norwalk CA 90650 956002228 501(a) 10000 PRIME School Support Pinellas County School Board 301 4th St SW Largo FL 33770 596000799 501(a) 10000 PRIME School Support Rocklin Unified School District 2615 Sierra Meadows DR Rocklin CA 95677 946002101 501(a) 10000 PRIME School Support School Board of Hillsborough County 901 E Kennedy Blvd Tampa FL 33602 596000660 501(a) 10000 PRIME School Support Seattle Public Schools 2445 3rd Avenue S Seattle WA 96124 916001541 501(a) 10000 PRIME School Support Tri-Rivers Joint Vocational School District 2222 Marion-Mt Gilead Rd Marion OH 43302 310843022 501(a) 10000 PRIME School Support Wadsworth City Schools 524 Broad St Wadsworth OH 44281 346002962 501(a) 14500 PRIME School Support Wando MSE Booster Fund 1000 Warrior Way Mt Pleasant SC 29466 208790730 501(C)(3) 10000 PRIME School Support Wadsworth City Schools 524 Broad St Wadsworth OH 44281 346002962 501(a) 53454 FMV equip/software PRIME School Support 24 College and Technical School Scholarships 467 1103897 Part I, Line 2 PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE U.S. 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. false false false false true false false false false Brian Glowiak VP, SME Education Foundation 165987 0 36402 0 824 0 2593 0 25195 0 231001 0 0 Jeffrey M Krause Executive Director & CEO 25558 293912 7830 90045 630 7239 1342 15439 2248 25844 37608 432479 0 0 Julie Duff VP, Finance 11087 127498 2666 30662 25 284 795 9145 831 9560 15404 177149 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 5b COMPENSATION CONTINGENT ON REVENUE - RELATED ORGANIZATION SME, a related organization, paid bonuses to its management, including the SME Education Foundation vice-president. The bonuses were partly based on the 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 2 351009 Market Value false false false Part I, Column B The organization is reporting the number of contributions received in Schedule M, Part I, Column (b). Form 990, Part III, Line 1 Organization's Mission a. To operate and act exclusively for the benefit of, to perform the functions of, and to carry out the purposes 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 Foundations 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). 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 in furtherance of the purposes of the corporation. Form 990, Part III, Line 3 CHANGE TO PROGRAM SERVICE ACCOMPLISHMENTS Prior year programs "Grants to other 501(C)(3) organizations in support of STEM education initiatives"Educational websites and events" are now combined. Support for educational websites "Manufacturing is Cool"CareerMe" was discontinued. FORM 990, PART V, LINE 2A NUMBER OF EMPLOYEES ON FORM W-3 The number of employees reported (6) 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 VI, Line 6 MEMBERS OR SHAREHOLDERS SME is the sole shareholder. Form 990, Part VI, Line 7a MEMBERS OR STOCKHOLDERS WHO MAY ELECT All elected directors are approved by the SME executive compensation committee, and serve at the pleasure of the shareholder, SME. Form 990, Part VI, Line 7b GOVERNANCE DECISIONS The SME-EF bylaws are reviewed and approved by the SME Executive Compensation Committee. Form 990, Part VI, Line 11b FORM 990 REVIEW PROCESS 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, the Chief Financial 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, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT 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, Lines 15a and 15b PROCESS FOR DETERMINING COMPENSATION 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, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC SME-EF makes their conflict of interest policy, articles of incorporation and audited financial statements available to the general public upon request. Normally electronic copies are provided; however, printed copies are also available. 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. This is a change from the prior year reporting. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS REVALUATION OF CHARITABLE GIFT ANNUITY OBLIGATIONS: ($70,387) ----------- TOTAL ($70,387) Society of Manufacturing Engineers One SME Drive Dearborn MI 48128 380298770 Education MI 501(c)(3) 10 NA false false false true false true false false false false false false false true true true true false false false