2017-09-07T13:20:39-05:00 2016-12-31 420714325 RSM US LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2016-01-01 237284092 NATIONAL ACADEMY OF ENGINEERING FUND NATI 2023342281 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20418 C D MOTE JR PRESIDENT 2023342281 2017-09-07 1 WILLIAM E TURCO CPA P00369217 3012963600 108.171.131.187 2017-09-07 14:20:23 ED P C19F5D3F195EC13517A150B69ABBCB37DF598FBC C19F5D3F195EC13517A150B69ABBCB37DF598FBC 2016 2021-01-29 14:40:06Z C D MOTE JR 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20418 33131121 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 17 0 27859 4516731 7048967 146485 170560 1098318 786444 0 0 5761534 8005971 6525307 5457355 0 0 0 0 0 0 1282366 2365647 2817324 8890954 8274679 -3129420 -268708 72795824 75988624 1015422 1471509 71780402 74517115 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 3257928 3257928 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. 1394524 1394524 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. 531196 531196 170560 NAE MEMBER PROGRAMS:ORGANIZATION AND ADMINISTRATION OF THE ANNUAL MEETING AND PUBLICATION OF NAE MEMORIAL TRIBUTES. 273707 273707 SUPPORT FOR NRC AND NAS 273707 273707 5457355 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 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 X 5 0 1 0 1 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 0 1 0 0 0 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X JOAN ZAORSKI DIRECTOR OF FINANCE 2023342281 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20418 X GORDON R ENGLAND CHAIRMAN (JUL-DEC) 1.00 X X 0 0 0 CHARLES O HOLIDAY JR CHAIRMAN (JAN-JUN) 1.00 X X 0 0 0 C D MOTE JR PRESIDENT 2.00 37.50 X X 0 836016 53438 CORALE L BRIERLEY VICE PRESIDENT 1.00 X X 0 73881 0 JULIA M PHILLIPS HOME SECRETARY (JUL-DEC) 1.00 X X 0 29989 0 THOMAS F BUDINGER HOME SECRETARY (JAN-JUN) 1.00 X X 0 29116 0 RUTH A DAVID FOREIGN SECRETARY 1.00 X X 0 59105 0 MARTIN B SHERWIN TREASURER 1.00 X X 0 59105 0 JOHN L ANDERSON TRUSTEE 1.00 X 0 0 0 WANDA M AUSTIN TRUSTEE 1.00 X 0 0 0 JOSEPHINE CHENG TRUSTEE (JUL-DEC) 1.00 X 0 0 0 UMA CHOWDHRY TRUSTEE (JAN-JUN) 1.00 X 0 0 0 PAUL CITRON TRUSTEE (JAN-JUN) 1.00 X 0 0 0 DAVID E DANIEL TRUSTEE 1.00 X 0 0 0 ANITA K JONES TRUSTEE 1.00 X 0 0 0 FRANCES S LIGLER TRUSTEE 1.00 X 0 0 0 ARUNAVA MAJUMDAR TRUSTEE 1.00 X 0 0 0 RICHARD A MESERVE TRUSTEE 1.00 X 0 0 0 H VINCENT POOR TRUSTEE 1.00 X 0 0 0 C PAUL ROBINSON TRUSTEE 1.00 X 0 0 0 ALAN I TAUB TRUSTEE (JUL-DEC) 1.00 X 0 0 0 RICHARD H TRULY TRUSTEE 1.00 X 0 0 0 0 1087212 53438 0 0 1 0 MASSEY QUICK SIMON & CO 360 MOUNT KEMBLE AVE NO 5 MORRISTOWN NJ 07960 INVESTMENT ADVISORY 405172 1 118580 6930387 274115 7048967 NAE ANNUAL MEETING REG 900099 170560 170560 170560 326214 326214 25579756 25119526 460230 460230 460230 5624 5624 0 8005971 170560 0 786444 5207355 5207355 250000 250000 471632 471632 TAXES 6936 6936 REIMBURSED EXPENSES 2328690 1046324 1282366 CREDIT CARD FEES 13071 13071 OTHER EXPENSES 2619 2619 -5624 -5624 8274679 5457355 1534958 1282366 8336206 8357782 3621249 4244929 577884 1324611 34596 29389 14983163 18865375 44896209 42772099 346517 394439 72795824 75988624 1015422 1471509 1015422 1471509 X 26833405 26445945 15166140 18292315 29780857 29778855 71780402 74517115 72795824 75988624 -268708 3005421 0 X 0 1 X 1 0 X 5524332 8504948 7405585 4516731 7048967 33000563 5524332 8504948 7405585 4516731 7048967 33000563 3734720 29265843 344716 269117 323014 281077 326214 1544138 57502 18203 7207 27515 27895 138322 34683023 649660 0.84380 0.85460 X PAGE 1, PART 1, LINE 7 ON MAY 23, 2017, THE IRS ISSUED AN UPDATED DETERMINATION LETTER CONFIRMING THAT NAEF MEETS THE REQUIREMENTS FOR CLASSIFICATION AS A PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). NAEF PROVIDED INFORMATION TO THE IRS REGARDING ITS PUBLIC SUPPORT DURING THE 2015 AND 2016 TAX YEARS, AND IT HAS COMPLETED SCHEDULE A OF THE 2016 FORM 990 BASED ON THIS NEW PUBLIC CHARITY STATUS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32141484 1606922 1271460 32476946 33127342 13742 284196 1283796 32141484 32324092 18895 1995576 1211221 33127342 29842679 38903 3625535 1183025 32324092 27842765 500000 2597061 1097147 29842679 0.88210 0.11790 0 0 0 ALTERNATIVE INVESTMENT 42772099 F 42772099 X 8011595 0 8011595 -5624 -5624 8005971 8280303 5624 5624 8274679 0 8274679 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 YEARS ENDED DECEMBER 31, 2016 AND 2015, THERE WAS UNRELATED BUSINESS INCOME OF $6,623 AND $995, RESPECTIVELY. 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 PERCENT 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, 2016 AND 2015. GENERALLY, THE FUND IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX POSITIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2013. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII LINE 10B -5,624. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII LINE 10B 5,624. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 17169252 0 0 0 0 0 0 17169252 0 17169252 1 0 0 0 0 0 1 NATIONAL ACADEMY OF SCIENCES 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20001 530196932 501(C)(3) 4957355 SUPPORT FOR NAS PROGRAMS WORCESTER POLYTECHNIC INSTITUTE 100 INSTITUTE ROAD WORCESTER MA 01609 042121659 501(C)(3) 250000 2015 BERNARD M. GORDON PRIZE 2 2016 BERNARD M. GORDON PRIZE 4 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 0 726952 0 0 0 109064 0 49050 0 4388 0 889454 0 0 SCHEDULE J, PART II, SUPPLEMENTAL INFORMATION THE NATIONAL ACADEMY OF ENGINEERING FUND DOES NOT COMPENSATE ANY OFFICERS OR DIRECTORS. ALL OFFICERS SERVE ON THE FUND'S BOARD WITHOUT COMPENSATION. 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 13 274115 FMV 0 1 0 FORM 990, PUBLIC CHARITY STATUS CHANGE ON MAY 23, 2017, THE IRS ISSUED AN UPDATED DETERMINATION LETTER CONFIRMING THAT NAEF MEETS THE REQUIREMENTS FOR CLASSIFICATION AS A PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). NAEF PROVIDED INFORMATION TO THE IRS REGARDING ITS PUBLIC SUPPORT DURING THE 2015 AND 2016 TAX YEARS, AND IT HAS COMPLETED SCHEDULE A OF THE 2016 FORM 990 BASED ON THIS NEW PUBLIC CHARITY STATUS. 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, 2017. THE AMOUNT SHOWN AS NET UNRELATED BUSINESS TAXABLE INCOME ON LINE 7B OF PAGE 1 OF THE FORM 990 IS AN ESTIMATE BASED ON AVAILABLE INFORMATION. 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, 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 PROVIDED 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 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 6, PART VI THE REPORTING ORGANIZATION IS A RELATED ORGANIZATION OF THE NATIONAL ACADEMY OF SCIENCES AND DOES NOT HAVE ANY EMPLOYEES. WITH RESPECT TO ITS OFFICERS AND TRUSTEES, NAEF CURRENTLY UTILIZES THE NAS POLICY ON COMMITTEE COMPOSITION AND BALANCE AND CONFLICTS OF INTEREST: INSTITUTIONAL OVERSIGHT AND NON-ADVISORY PROGRAM ACTIVITIES. NAEF ALSO CURRENTLY FOLLOWS THE NAS POLICY ON RETENTION OF FINANCIAL RECORDS. NAS EMPLOYEES ARE SUBJECT TO THE NAS POLICY ON REPORTING ILLEGAL AND OTHER IMPROPER CONDUCT. 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 FOUR BOARD MEMBERS OF THE BOARD TRUSTEES WERE NOT SERVING AS OF 12/31/2016. 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 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