2015-10-28T13:35:11-05:00 2014-12-31 GRANT THORNTON LLP 171 N CLARK ST SUITE 200 CHICAGO IL 60601 990 2014-01-01 382746841 SME Education Foundation % JULIE DUFF SMEE 3134253000 One SME Drive Dearborn MI 481282408 Jeffrey M Krause Director & CEO of SME 3134253000 2015-10-27 true Bridget T Roche P00666837 3128560200 2014 2016-02-25 16:41:14Z X Jeffrey M Krause One SME Drive Dearborn MI 481282408 9611591 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. 20 20 0 100 0 1846005 1284471 0 38938 1136062 1184272 0 0 2982067 2507681 1754553 2473546 0 0 0 0 0 0 226399 1541717 1078936 3296270 3552482 -314203 -1044801 21422731 20154167 583711 723161 20839020 19431006 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 2023145 1919363 38938 scholarships: In 2014 the SME Education Foundation awarded academic scholarships to 565 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 233 higher educational institutions equaled $1,919,363. 453648 322948 0 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 2014, grants totaling $322,948 were awarded for program support and scholarships. The PRIME network serves 6,000 students in 32 schools nationwide. 231235 231235 0 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. 20389 0 0 See Schedule O 20389 0 0 2728417 true true false false false false false false true true true false false false true true true true false false true true true false false false false true true true false false false false false false false false false false false false false true false false false true 4 0 true 0 false false false false false false true 1 false false false X 20 20 false false true false true true true true true false false false true true true true true true false CA IL MI NJ NY OH PA WA WI X JULIE DUFF 3134253000 ONE SME DRIVE Dearborn MI 48128 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 2.0 0.0 X 0 0 0 Gwendolyn Malone 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 Irving Pressley McPhail Director 2.0 0.0 X 0 0 0 Julian E Pate 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 Barbara Fossum Director 2.0 0.0 X 0 0 0 Jeannine Kunz Director, Tooling U-SME/SME-EF 10.0 40.0 X 0 259152 26655 Bart Aslin Former CEO 0.0 0.0 X 0 103488 7044 0 362640 33699 0 true true false 0 385000 899471 1284471 SCHOLARSHIP ADMINISTRATION REVENUE 561000 38938 38938 38938 329395 329395 0 0 0 0 0 7915060 43727 7060183 43727 854877 0 854877 854877 0 0 0 0 2507681 38938 1184272 594183 594183 1272659 1272659 606704 606704 0 0 0 0 0 0 0 0 8223 8223 18199 18199 0 0 26084 26084 178 178 102190 11517 39768 50905 22671 693 20564 1414 49293 41885 143 7265 0 20 20 101949 28376 58766 14807 0 19509 3552 15477 480 0 100000 73500 26500 1758 1758 0 REIMBURSED PAYROLL/BENEFITS 620536 165031 334719 120786 MISC AWARDS/PRIZES 6535 3817 774 1944 DUES/SUBSCRIPTIONS 1692 1152 540 EDUCATION/TRAINING 99 99 3552482 2728417 597666 226399 X 762851 139166 1005927 0 237000 0 3957 25430 0 0 0 0 0 0 0 0 0 0 71420 66758 4662 19369269 19889966 43727 0 0 0 0 0 0 94943 21422731 20154167 14675 7108 124450 113750 0 134100 0 0 170750 158851 0 0 0 0 0 0 273836 309352 583711 723161 X 6040923 5707835 8145913 7028796 6652184 6694375 20839020 19431006 21422731 20154167 X -1044801 -163522 -199691 X false true X true false X 1242629 1664252 1440407 1846005 1284471 7477764 0 0 1242629 1664252 1440407 1846005 1284471 7477764 2912085 4565679 251313 335490 377974 240810 329395 1534982 0 0 9012746 38938 0.50658 0.50149 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 17944029 42191 903519 904898 0 17984841 19074837 50776 2998031 716716 3462899 17944029 18005729 123627 2536275 1089794 501000 19074837 19257048 61381 -351744 960956 18005729 17430437 317007 2781244 1271640 19257048 0.30301 0.37222 0.32477 false false 71420 66758 4662 4662 0 ANNUITY OBLIGATIONS 304220 ACCRUED INTEREST 5132 309352 X 2318075 -163522 -163522 2481597 26084 26084 2507681 3726089 199691 199691 3526398 26084 26084 3552482 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 1a - 1g, Column (b) The prior year endowment funds column was amended from that which appeared on the 2013 Form 990. Subsequent to the filing of the 2013 Form 990, the organization completed a review of past donor instructions and agreements, which affected the end of the year endowment balance as of December 31, 2013. 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 statement of activities or statement of financial position. The tax years ended 2011, 2012, 2013 and 2014 are still open to audit for both federal and state purposes. Part XII, Line 2d Returned Grants and Scholarships: ($78,526) Revaluation of Charitable Gift Annuity Obligations: $278,217 false Europe (Including Iceland and Greenland) Grantmaking 443785 North America Grantmaking 107100 Sub-Saharan Africa Grantmaking 50000 Russia and the Newly Independent States Grantmaking 5819 606704 606704 Europe (Including Iceland and Greenland) Scholarships 53250 Wire Europe (Including Iceland and Greenland) Scholarships 53250 Wire Sub-Saharan Africa Scholarships 50000 Wire North America Scholarships 42017 Wire North America Scholarships 26891 Wire North America Scholarships 17647 Wire Europe (Including Iceland and Greenland) Scholarships 17169 Wire Europe (Including Iceland and Greenland) Scholarships 14265 Wire Europe (Including Iceland and Greenland) Scholarships 11161 Wire Europe (Including Iceland and Greenland) Scholarships 10300 Wire North America Scholarships 8403 Wire Europe (Including Iceland and Greenland) Scholarships 8294 Wire Europe (Including Iceland and Greenland) Scholarships 6930 Wire Europe (Including Iceland and Greenland) Scholarships 6599 wire North America Scholarships 5042 Wire Europe (Including Iceland and Greenland) Scholarships 27563 Wire Europe (Including Iceland and Greenland) Scholarships 27249 Wire Europe (Including Iceland and Greenland) Scholarships 27656 Wire Europe (Including Iceland and Greenland) Scholarships 28262 Wire Europe (Including Iceland and Greenland) Scholarships 26611 Wire Europe (Including Iceland and Greenland) Scholarships 5563 Wire Europe (Including Iceland and Greenland) Scholarships 28262 Wire Europe (Including Iceland and Greenland) Scholarships 28262 Wire Europe (Including Iceland and Greenland) Scholarships 11307 Wire Europe (Including Iceland and Greenland) Scholarships 11306 Wire Europe (Including Iceland and Greenland) Scholarships 27566 Wire 26 Foreign College Scholarships North America 5 7100 Cash false false false false false false Part I, Line 2 SME-EF had two foreign scholarship programs in 2014. 1) Universities in the United Kingdom were awarded funds through the Ford Blue Oval Scholarship program. Personnel from the Ford Motor Company Fund assist in selecting the universities, and the universities selected their own scholarship recipients. Each scholarship recipient receives the same scholarship amount. The universities must report back the names of the students selected for scholarship awards. 2) Manufacturing-focused schools in Canada, Europe, and South Africa were invited to apply for HAAS block scholarship grants. Grant amounts were based on the portion of student tuition not covered by state funding. The universities must report back the names of the students selected for scholarship awards. Part I, Line 3F Accrual method of accounting true Missouri Univ of Science & Technology 400 West 10th St Rolla MO 65409 436003859 501(c)(3) 67000 Project Lead the Way and K-12 Pre-College Programs Programs University of Michigan 2121 Bonisteel Blvd Ann Arbor MI 48109 386006309 501(c)(3) 50000 Support STEM Program for High School Students St Louis Comm College Fdn 300 S Broadway St Louis MO 63102 431374500 501(c)(3) 45000 FIRST Robotics Tournament Support El Camino Community College 16007 Crenshaw Blvd Torrance CA 90506 953874302 501(c)(3) 40000 Technical School Scholarships Focus Hope 1355 Oakman Blvd Detroit MI 48238 381948285 501(c)(3) 25000 Support for STEM Program Nat'l Action Council for Minorities in Engineering 440 Hamilton Ave White Plains NY 10601 521190664 501(c)(3) 20000 Support Scholarship Program Cazenovia Central School District 31 Emory Ave Cazenovia NY 13035 156002158 501(a) 15000 PRIME School Support Charlotte Mecklenburg Board of Education 700 East Stonewall St Charlotte NC 28202 566001074 501(a) 15000 PRIME School Support Colorado Springs School Dst 11 1590 W Fillmore St Colorado Springs CO 80904 846001179 501(a) 15000 PRIME School Support Escondido Union High School Dst 302 N Midway Dr Escondido CA 92027 956001096 501(a) 15000 PRIME School Support Independent School District #885 11343 50th St NE Albertville MN 55301 416004774 501(a) 15000 PRIME School Support Metropolitan School Dst of Wayne Twp 1220 S High School Rd Indianapolis IN 46241 351072270 501(a) 15000 PRIME School Support Newport News Public Schools 12465 Warwick Blvd Newport News VA 23606 541398784 501(a) 15000 PRIME School Support Pinellas County School Board 301 4th St SW Largo FL 33770 596000799 501(a) 22948 PRIME School Support Seattle Public Schools 2445 3rd Avenue S Seattle WA 96124 916001541 501(a) 15000 PRIME School Support Wando MSE Booster Fund 1000 Warrior Way Mt Pleasant SC 29466 208790730 501(c)(3) 15000 PRIME School Support City of WorcesterWorcester Public Schools 20 Irving St Worcester MA 01609 046001418 501(a) 15000 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 Centinela Valley Union High School Dist 14901 S Inglewood Ave Lawndale CA 90260 956000539 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 Francis Tuttle Technology Center School Dst 12777 N Rockwell Ave Oklahoma City OK 73142 731077928 501(a) 10000 PRIME School Support Kettering City School District 3750 Far Hills Ave Kettering OH 45429 316000922 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 Dist of Warren Twp 9651 E 21st St Indianapolis IN 46229 356006000 501(a) 10000 PRIME School Support Milwaukee Public Schools 700 S 4th St Milwaukee WI 53204 396003457 501(a) 10000 PRIME School Support Petaluma City Schools 200 Douglas St Petaluma CA 94952 680343405 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 Reorganized School Dist 7 - Jackson Cty 301 NE Tudor Rd Lees Summit MO 64086 446004933 501(a) 10000 PRIME School Support Shelby County Board of Education 100 Calera Eagle Dr Calera AL 35040 636001081 501(a) 10000 PRIME School Support Township High School Dist 214 900 S Elmhurst Rd Wheeling IL 60090 366004405 501(a) 10000 PRIME School Support Westfield Public Schools 1029 North Rd Westfield MA 01085 046001356 501(a) 10000 PRIME School Support EDUEVERYTHING INC 3359 Martel Rd Caledonia OH 43314 455145307 501(c)(3) 10000 Support Natl Robotics Challenge 33 0 College and Technical School Scholarships 560 1272659 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. true false false false true false false false false Bart Aslin Former CEO 0 0 0 0 0 103488 0 0 0 7044 0 110532 0 0 Jeannine Kunz Director, Tooling U-SME/SME-EF 0 166441 0 92442 0 269 0 9888 0 22061 0 291101 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 4a Bart Aslin's term as CEO ended November 11, 2013. He received severance payments totaling $103,488 during 2014. Part I, Line 5b SME, a related organization, paid bonuses to its management, including the Director of SME Education Foundation. 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. 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. Significant Changes to Bylaws Form 990, Part VI, Line 4 The SME Education Foundation bylaws were amended in 2014. Changes were made in the number of Board members, years in Board term of office, and Committee structure to better align with those of its parent organization, Society of Manufacturing Engineers ("SME"). 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 11 SME and SME-EF's combined audit committee reviews the completed Form 990's before filing, as delegated by the governing bodies. 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 Director of Human Resources and the SME CEO. Corrective action is taken if required. Process for Determining Compensation Form 990, Part VI, Line 15a All SME-EF staff are employed by SME, which also provides access to employee benefit plans. SME-EF reimburses SME for its employee costs. Target salary levels for the Director and other management positions are set based upon benchmark studies by compensation consultants. The SME CEO and SME-EF Board President conduct an annual performance review of the SME-EF Director against pre-established objectives and recommend salary merit increases for the coming year. Both the objectives and merit increases are approved by the SME Executive Compensation Committee, after consultation with the SME-EF Board President. Prior year performance is reviewed with these two oversight bodies at year end. Executive incentives (bonuses) are also awarded based upon 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. Revision to Prior Year Balance Sheet Form 990, Part X, Column (A), Lines 27 - 29 The prior year balance sheet was revised from that which was filed with the 2013 Form 990. Subsequent to the filing of the 2013 Form 990, net assets at the beginning of the year were reclassified to correct errors in original classification of donor contributions and charitable gift annuity agreements. Other Changes in Net Assets Form 990, Part XI, Line 9 Returned Grants and Scholarships: $78,526 Revaluation of Charitable Gift Annuity Obligations: ($278,217) 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