2015-08-26T14:00:29-05:00 2014-12-31 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2014-01-01 237284092 NATIONAL ACADEMY OF ENGINEERING FUND NATI 2023342281 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20418 C D MOTE JR PRESIDENT 2023342281 2015-08-26 1 WILLIAM E TURCO CPA P00369217 3012963600 2014 2016-02-25 16:41:14Z C D MOTE JR 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20418 61832991 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 12 0 16 0 72210 8504948 7405585 138392 165905 1082409 3036993 0 0 9725749 10608483 5956384 5932108 0 0 0 0 0 0 906264 2338309 2017613 8294693 7949721 1431056 2658762 72621010 76214915 1318116 1132446 71302894 75082469 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 3702836 3702836 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. 1469791 1469791 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. 510753 510753 165905 NAE MEMBER PROGRAMS:ORGANIZATION AND ADMINISTRATION OF THE ANNUAL MEETING AND PUBLICATION OF NAE MEMORIAL TRIBUTES. 248728 248728 SUPPORT FOR NRC AND NAS 248728 248728 5932108 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 0 1 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 9 0 1 0 1 0 0 0 0 0 0 0 0 0 0 X 18 12 0 0 0 0 0 0 0 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 CHARLES O HOLIDAY JR CHAIRMAN 1.00 X X 0 0 0 C D MOTE JR PRESIDENT 2.50 37.50 X X 0 737917 48100 THOMAS F BUDINGER HOME SECRETARY 1.00 X X 0 55931 0 MAXINE L SAVITZ JAN-JUN VICE PRESIDENT 1.00 X X 0 34473 0 CORALE L BRIERLEY JUL-DEC VICE PRESIDENT, TRUSTEE (JAN-JUN) 1.00 X X 0 35334 0 VENKATESH NARAYANAMURTI FOREIGN SECRETARY 1.00 X X 0 55845 0 MARTIN B SHERWIN TREASURER 1.00 X X 0 55845 0 ALICE M AGOGINO JAN-JUN TRUSTEE 1.00 X 0 0 0 UMA CHOWDHRY TRUSTEE 1.00 X 0 0 0 PAUL CITRON TRUSTEE 1.00 X 0 0 0 DAVID E DANIEL TRUSTEE 1.00 X 0 0 0 JULIA M PHILLIPS JAN-JUN TRUSTEE 1.00 X 0 0 0 PAUL R GRAY JAN-JUN TRUSTEE 1.00 X 0 0 0 C PAUL ROBINSON TRUSTEE 1.00 X 0 0 0 ANITA K JONES TRUSTEE 1.00 X 0 0 0 ARNOLD F STANCELL TRUSTEE 1.00 X 0 0 0 RICHARD A MESERVE TRUSTEE 1.00 X 0 0 0 RICHARD H TRULY TRUSTEE 1.00 X 0 0 0 WANDA M AUSTIN JUL-DEC TRUSTEE 1.00 X 0 0 0 FRANCES S LIGLER JUL-DEC TRUSTEE 1.00 X 0 0 0 ARUNAVA MAJUMDAR JUL-DEC TRUSTEE 1.00 X 0 0 0 H VINCENT POOR JUL-DEC TRUSTEE 1.00 X 0 0 0 0 975345 48100 0 0 1 0 0 230180 7175405 166147 7405585 NAE ANNUAL MEETING REG 900099 165905 165905 165905 332014 332014 53925356 51220377 2704979 2704979 2704979 4131 4131 0 10608483 165905 0 3036993 5307108 5307108 250000 250000 375000 375000 319077 319077 TAXES 4397 4397 REIMBURSED EXPENSES 1686761 780497 906264 CREDIT CARD FEES 11382 11382 OTHER EXPENSES 127 127 -4131 -4131 7949721 5932108 1111349 906264 9577940 7299253 3164324 4513447 1402697 4058462 37295 49327 14809827 14440629 42926630 45440752 702297 413045 72621010 76214915 1318116 1132446 1318116 1132446 X 27356400 28131814 14198274 17183540 29748220 29767115 71302894 75082469 72621010 76214915 2658762 1120813 0 X 0 1 X 1 0 X X 1 NATIONAL ACADEMY OF SCIENCES 530196932 7 1 7949721 0 1 7949721 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32324092 18895 1995576 1211221 33127342 29842679 38903 3625535 1183025 32324092 27842765 500000 2597061 1097147 29842679 29536097 -38731 1000000 654601 27842765 27363700 21673 2600795 450071 29536097 0.87970 0.12030 0 0 0 ALTERNATIVE INVESTMENT 45440752 F 45440752 X 10612614 0 10612614 -4131 -4131 10608483 7953852 4131 4131 7949721 0 7949721 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, 2014 AND 2013, THERE WAS UNRELATED BUSINESS INCOME OF $72,210 AND $53,851, 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% 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, 2014 AND 2013. GENERALLY, THE FUND IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX POSITIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII LINE 10B -4,131. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII LINE 10B 4,131. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 375000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 43000000 0 0 0 0 0 0 43375000 0 43375000 2014 CHARLES STARK DRAPER PRIZE EAST ASIA AND THE PACIFIC 3 375000 CHECK 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. 1 UNIVERSITY OF TEXAS AT AUSTIN 301 EAST DEAN KEETON STREET AUSTIN TX 78712 746000203 501(C)(3) 125000 2014 CHARLES STARK DRAPER PRIZE ON BEHALF OF JOHN B. GOODENOUGH DARTMOUTH COLLEGE 14 ENGINEERING DRIVE HANOVER NH 03755 020222111 501(C)(3) 250000 2014 BERNARD M. GORDON PRIZE NATIONAL ACADEMY OF SCIENCES 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20001 530196932 501(C)(3) 4932108 PROGRAM EXPENSE REIMBURSEMENTS 3 2014 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 650855 0 0 0 87062 0 48100 0 3273 0 789290 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 10 166147 FMV 0 1 0 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, 2015. 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 B, LINE 11 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 SUPPORTING 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 DIRECTORS ENDS ON 06/30 AND BEGINS ON 07/01. AS SUCH 4 BOARD MEMBERS OF THE BOARD DIRECTORS WERE NOT SERVING AS OF 12/31/2014. NATIONAL ACADEMY OF SCIENCES 2101 CONSTITUTION AVENUE NW WASHIGTON DC 20418 530196932 SCIENCE ADVISORY SERVICE DC 501(C)(3) LINE 7 N/A 0 THE NATIONAL ACADEMIES CORPORATION 100 ACADEMY DRIVE IRVINE CA 92617 942994279 CONFERENCE CENTER CA 501(C)(3) LINE 11A, 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 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.