2016-11-07T13:39:11-06:00 2015-12-31 GRANT THORNTON LLP 171 N CLARK ST SUITE 200 CHICAGO IL 60601 990 2015-01-01 382746841 SME Education Foundation % JULIE DUFF SMEE 3134253000 One SME Drive Dearborn MI 481282408 JEFFREY M KRAUSE Dir. & CEO of SME 3134253000 2016-11-03 true Bridget T Roche P00666837 3128560200 2015 2017-02-10 21:41:12Z JEFFREY M KRAUSE One SME Drive Dearborn MI 481282408 4894705 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 0 250 0 1284471 1680978 38938 32013 1184272 1042668 0 0 2507681 2755659 2473546 1593608 0 0 0 0 0 2773 304016 1078936 1114201 3552482 2710582 -1044801 45077 20154167 19216432 723161 1190410 19431006 18026022 X THE PURPOSE OF THE SME EDUCATION FOUNDATION IS TO STIMULATE INTERACTION AMONG AND BETWEEN SME, THE EDUCATIONAL COMMUNITY, INDUSTRY, AND GOVERNMENT FOR THE ADVANCEMENT OF MANUFACTURING EDUCATION. THIS INCLUDES PROMOTION AND SUPPORT OF YOUTH ACTIVITIES. false false 1372621 1217437 32013 Scholarships: In 2015 the SME Education Foundation awarded academic scholarships to 474 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 189 higher educational institutions equaled $1,217,437. 511894 364271 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 2015, grants totaling $364,271 were awarded for grants, equipment, program support and scholarships. The PRIME network serves 7,500 students in 38 schools nationwide. 11900 11900 Program Grants to other 501(c)(3) organizations in support of STEM Education initiatives. See Schedule I for a list of these organizations and the amounts awarded. 17002 0 0 See Schedule O 17002 0 0 1913417 true true false false false false false false true true true false false false true true true true false false true true false 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 5 0 true 0 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 IL 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 David Bozeman Director 2.0 0.0 X 0 0 0 Elizabeth Kautzmann Director 2.0 0.0 X 0 0 0 Lazaro Lopez Director Through Nov. 2015 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 Roy Sweatman 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 25279 290713 31551 Julie Duff Director of Finance 4.0 46.0 X 11791 135596 13168 Brian Glowiak Director, SME-EF 40.0 0.0 X 126903 0 12952 Josh Cramer Educational Programs Officer 40.0 0.0 X 107836 0 4298 271809 426309 61969 2 false true false 0 384079 1296899 94898 1680978 SCHOLARSHIP ADMINISTRATION REVENUE 561000 32013 32013 32013 287706 287706 0 0 0 0 0 2894008 2139046 754962 754962 754962 0 0 0 0 2755659 32013 1042668 376171 376171 1191376 1191376 26061 26061 0 0 0 0 0 0 0 0 3128 1538 1590 18140 18140 0 2773 2773 26866 26866 20 20 40176 5148 4624 30404 22966 522 20209 2235 37322 27245 6077 4000 0 0 53675 20253 16398 17024 0 27774 27574 200 0 100000 73500 26500 2140 2140 0 REIMBURSED PAYROLL/BENEFITS 741602 265103 260426 216073 RECRUITMENT 37710 37710 STATE GOVT. FUNDRAISING FEES 1929 1929 DUES/SUBSCRIPTIONS 753 15 738 2710582 1913417 493149 304016 139166 672478 0 0 5460 4276 19970 0 0 0 0 0 0 0 0 0 0 24781 71420 68898 4662 2522 19889966 18512375 0 0 0 0 0 0 94943 0 20154167 19216432 7108 53982 113750 96813 134100 125100 0 0 158851 171843 0 0 0 0 0 0 309352 742672 723161 1190410 X 5707835 4599682 7028796 6632430 6694375 6793910 19431006 18026022 20154167 19216432 X 45077 -1420421 -29640 X X false true X true false X 1664252 1440407 1846005 1284471 1680978 7916113 0 0 1664252 1440407 1846005 1284471 1680978 7916113 3492708 4423405 335490 377974 240810 329395 287706 1571375 0 0 9487488 70951 0.46624 0.50658 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 17984841 102835 -215314 499199 1505800 15867363 17944029 42191 903519 904898 0 17984841 19074837 50776 2998031 716716 3462899 17944029 18005729 123627 2536275 1089794 501000 19074837 19257048 61381 -351744 960956 18005729 0.24880 0.42820 0.32300 false false 71420 68898 2522 2522 0 ANNUITY OBLIGATIONS 287213 DUE TO SME 455459 742672 X 1308372 -1420421 -1420421 2728793 26866 26866 2755659 2713356 29640 29640 2683716 26866 26866 2710582 Part IV, Line 2b SME Education Foundation ("SME-EF") served as an intermediary for certain scholarship programs whereby the scholarship recipients were selected by the donor. 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 X, Line 2 SME-EF has received a favorable determination letter from the Internal Revenue Service stating that it is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code of 1986 (IRC), as an organization 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 the 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 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 statements of activities or statements of financial position. The tax years ended 2012, 2013, 2014 and 2015 are still open to audit for both federal and state purposes. Part XII, Line 2d RETURNED Grants and SCHOLARSHIPS: ($34,611) REVALUATION OF CHARITABLE GIFT ANNUITY OBLIGATIONS: $64,251 ----------- TOTAL $29,640 false Europe (Including Iceland and Greenland) Grantmaking 25061 North America Grantmaking 1000 26061 26061 Europe (Including Iceland and Greenland) Scholarships 25061 Wire 1 Foreign College Scholarships North America 1000 false false false false false false Part I, Line 2 A university in the United Kingdom was awarded funds through the Ford Blue Oval Scholarship program. Personnel from the Ford Motor Company assisted in selecting the university, and the university selected their own scholarship recipients. Each scholarship recipient receives the same scholarship amount. Part I, Line 3F Accrual method of accounting 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 Cedar Falls Community Schools 1002 W First St Cedar Falls IA 50613 420862684 501(a) 10000 PRIME School Support Centerville City Schools 111 Virginia Ave Centerville OH 45458 316000994 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 Colorado Springs CO 80904 846001179 501(a) 10000 PRIME School Support EduEverything Inc 3359 Martel Rd Caledonia OH 43314 455145307 501(c)(3) 10000 Support Natl Robotic Challenge Escondido Union High School Dst 302 N Midway Dr Escondido CA 92027 956001096 501(a) 10000 PRIME School Support Grand Valley State University 1 Campus Dr Allendale MI 49401 381684280 501(C)(3) 10000 Support Science/Tech Summer Camp for Girls 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 Jackson County Interm School Dist 6700 Browns Lake Rd Jackson MI 49201 381710621 501(a) 10000 PRIME School Support Metropolitan School Dst of Lawrence Twp 975 North Post Rd Indianapolis IN 46219 356006802 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 Milwaukee Public Schools 700 S 4th St Milwaukee WI 53204 396003457 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 School District 12820 Pioneer Blvd Norwalk CA 90650 956002228 501(a) 10000 PRIME School Support Petaluma City Schools 200 Douglas St Petaluma CA 94952 680343405 501(a) 10000 PRIME School Support Pinellas County School Board 301 4th St SW Largo FL 33770 596000799 501(a) 10000 PRIME School Support Placentia-Yorba Linda School Dist 1301 E Orangethorpe Ave Placentia CA 92870 956002435 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 Wando MSE Booster Fund 1000 Warrior Way Mt Pleasant SC 29466 208790730 501(C)(3) 10000 PRIME School Support Westfield Public Schools 1029 North Rd Westfield MA 01085 046001356 501(a) 10000 PRIME School Support Wadsworth City Schools 524 Broad St Wadsworth OH 44281 346002962 501(a) 104271 FMV Engineering Equip. PRIME School Support 28 0 College and Technical School Scholarships 473 1191376 Part I, Line 2 1) Sites within our PRIME network that are receiving funding from SME-EF are continuously engaged with SME-EF staff. 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 their program. 2) Organizations receiving other grants and assistance are required to provide a year end report on their use of the funds and on their program activities. false false false false true false false false false Jeffrey M Krause Executive Director & CEO 24421 280841 0 0 858 9872 886 10186 1757 20211 27922 321110 0 0 Julie Duff Director of Finance 10576 121623 1207 13882 8 91 428 4920 703 8084 12922 148600 0 0 Part I, Line 3 Society of Manufacturing Engineers ("SME"), a related organization of SME-EF, uses the following to establish the compensation of the organization's Executive Director: 1) Recommendation of the SME Executive Compensation Committee 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-EF Board President Part I, Line 5b SME, a related organization, paid bonuses to its management, including certain individuals included on Form 990, Part VII and Schedule J. The bonuses were 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 1 94898 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). OTHER PROGRAM SERVICES FORM 990, PART III, LINE 4D EDUCATIONAL WEBSITES AND EVENTS (INSPIRE), FOR THE PURPOSE OF INSPIRING YOUTH TO CONSIDER FUTURE CAREERS IN ENGINEERING AND MANUFACTURING. PROJECTS FUNDED INCLUDED THE MANUFACTURING IS COOL AND CAREERME WEBSITES AND SPONSORSHIP OF 3D PRINTING AND COMPUTER-AIDED DESIGN PROJECTS FOR MIDDLE AND HIGH SCHOOL STUDENTS. MEMBERS OR SHAREHOLDERS Form 990, Part VI, Line 6 SME is the sole shareholder. MEMBERS OR STOCKHOLDERS WHO MAY ELECT Form 990, Part VI, Line 7a All elected directors are approved by the SME executive compensation committee, and serve at the pleasure of the shareholder, SME. GOVERNANCE DECISIONS Form 990, Part VI, Line 7b The SME-EF bylaws are reviewed and approved by the SME Executive Compensation Committee. FORM 990 REVIEW PROCESS Form 990, Part VI, 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, the Chief Financial Officer of SME and SME EF. When the return was finalized, it was presented to the Chief Executive Officer, 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. CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT FORM 990, PART VI, 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 Senior Manager of Human Resources and the Executive Director. Corrective action is taken if required. PROCESS FOR DETERMINING COMPENSATION Form 990, Part VI, Lines 15a and 15b 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. GOVERNING DOCUMENTS MADE AVAILABLE FORM 990, PART VI, LINE 19 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. ALLOCATION OF COMPENSATION AMONG ORGANIZATION AND RELATED ORG. FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II THE EXECUTIVE DIRECTOR & CEO AND DIRECTOR OF FINANCE PROVIDES SERVICES TO BOTH SME-EF AND SOCIETY OF MANUFACTURING ENGINEERS, A RELATED ORGANIZATION WHO ALSO SERVES AS THE COMMON PAYMASTER. ADDITIONALLY, THE DIRECTOR, 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. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 RETURNED GRANTS AND SCHOLARSHIPS: $34,611 REVALUATION OF CHARITABLE GIFT ANNUITY OBLIGATIONS: ($64,251) ----------- TOTAL (29,640) Society of Manufacturing Engineers One SME Drive Dearborn MI 48128 380298770 Education MI 501(c)(3) 09 NA false false false true false true false false false false false false false true true true true false false false