2012-11-08T09:38:36-06:00 2011-12-31 Grant Thornton LLP 2010 CORPORATE RIDGE SUITE 400 MCLEAN VA 22102 990 2011-01-01 237284092 NATIONAL ACADEMY OF ENGINEERING FUND % MARY RESCHDIRECTOR OF FINAN NATI 2023342281 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20001 Lance Davis 2023342281 2012-11-06 7038477500 2011 2016-02-24 21:20:13Z CHARLES M VEST 2101 CONSTITUTION AVENUE NW Washington DC 20001 36432625 false X WWW.NAE.EDU X 1973 DC NATIONAL ACADEMY OF ENGINEERING FUND (NAEF) SUPPORTS THE ACTIVITIES OF THE NATIONAL ACADEMY OF ENGINEERING (NAE). 18 13 0 0 118042 96231 2169515 4428591 100180 102445 62467 2235477 21571 0 2353733 6766513 3391952 4841531 0 0 0 0 0 0 878938 2103239 1946149 5495191 6787680 -3141458 -21167 62944561 60896887 705654 641972 62238907 60254915 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. false false 2064917 2064917 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; NATIONAL SECURITY AND CRIME PREVENTION; AND PUBLIC POLICY AND PROGRAM REVIEWS. 2202266 2202266 NAE PRESENTS FIVE AWARDS: THE CHARLES STARK DRAPER PRIZE, THE FRITZ J. & DOLORES H. RUSS PRIZE, THE BERNARD M. GORDON PRIZE FOR INNOVATION IN ENGINEERING AND TECH. EDUCATION, THE ARTHUR M. BUECHE AWARD & THE NAE FOUNDERS AWARD. ACTIVITIES INCLUDE SOLICITING NOMINATIONS, SELECTION OF THE RECIPIENTS, ANNOUNCEMENT OF THE RECIPIENTS & PRESENTATION OF THE PRIZES. 325848 325848 102445 NAE MEMBER PROGRAMS - ORGANIZATION AND ADMINISTRATION OF THE ANNUAL MEETING AND PUBLICATION OF NAE MEMORIAL TRIBUTES. 248500 248500 support for nrc and nas 248500 248500 4841531 true true false false false false false false true false false false false false true true false false false false false 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 false true 4 0 true 0 false false false false false false false false false false false X 18 13 false false false false false false false true true false false true true true true true true false false false 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 MARY RESCHDIRECTOR OF FINAN 2023342281 2101 CONSTITUTION AVENUE NW WASHINGTON DC 20001 Irwin M Jacobs 1.0 X X 0 0 0 G Wayne Clough 1.0 X THOMAS F BUDINGER 1.0 X X 53354 GEORGE BUGLIARELLO 1.0 X X 8750 Corale L Brierley 1.0 X ARNOLD F STANCELL 1.0 X C DAN MOTE JR 1.0 X X 53155 NARAYANAMURTI VENKATESH 1.0 X 26905 Alice M Agogino 1.0 X MAXINE L SAVITZ 1.0 X X 66446 PAUL CITRON 1.0 X ROBERT F SPROULL 1.0 X CHARLES M VEST 1.0 X X 680284 118605 RUTH A DAVID 1.0 X BRADFORD W PARKINSON 1.0 X CHARLES ELACHI 1.0 X LINDA M ABRIOLA 1.0 X Paul R Gray 1.0 X Julia M Phillips 1.0 X RICHARD A MESERVE 1.0 X 0 0 0 0 888894 118605 0 false true false 0 1000 248640 4178951 13079 4428591 NAE ANNUAL MEETING REGISTRATION 900099 102445 102445 102445 519080 118042 401038 0 0 31378721 29662324 1716397 1716397 1716397 0 0 3788 3788 0 0 6766513 102445 118042 2117435 4042019 4042019 799512 799512 0 0 0 0 0 0 0 0 0 0 0 0 0 423323 423323 0 0 0 0 0 0 0 0 0 0 0 0 0 REIMBURSED EXPENSES 1443094 564156 878938 MISCELLANEOUS EXPENSE 59863 59863 CREDIT CARD FEES 8869 8869 BAD DEBT EXPENSE 11000 11000 6787680 4841531 1067211 878938 0 0 246040 532735 1013356 700067 0 0 0 0 0 0 0 0 0 0 2955 3052 0 61600482 59609357 0 0 0 0 0 0 81728 51676 62944561 60896887 705654 641972 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 705654 641972 X 24518821 22597682 8510769 8447916 29209317 29209317 62238907 60254915 62944561 60896887 X -21167 -1962825 X false true true X X X false false false NATIONAL ACADEMY OF SCIENCES 530196932 07 true true true 6787679 1 6787679 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29536147 -38781 1000000 654601 27842765 27363750 21673 2600795 0 450071 29536147 25447289 66387 3217640 1000000 367566 27363750 37481418 73376 -10731780 1000000 375725 25447289 0.37500 0.48500 0.14000 false false false 0 0 6766513 6787680 -21167 -1962825 -1962825 -1983992 4807476 -1962825 -1962825 6770301 -3788 -3788 6766513 6791468 3788 3788 6787680 6787680 Schedule D, Part V, Line 4 Description of Intended Use of Endowment Funds Fund the activities of the National Academy of Engineering such as programs that address relevant issues in the Engineering field and for the Draper and Gordon Prizes. Schedule D, part XII, Line 4b reconciliation of revenue Cost of goods sold -$3,788 Schedule D, part XIII, Line 2d Reconciliation of Expenses Cost of Goods Sold $3,788 Part X, Line 2 FIN 48 Effective in 2009, the Fund adopted new guidance that creates a single model to address uncertainty in tax positions and clarified the accounting for income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in its financial statements. Under the requirements of this guidance, organizations could now be required to record an obligation as the result of tax positions they have historically taken on various tax exposure items. The impact of the adoption of this guidance did not have a material effect on the financial statements of the Fund. Prior to the adoption of this guidance, the determination of when to record a liability for a tax exposure was based on whether a liability was considered probable and reasonably estimable in accordance with guidance concerning recording of contingencies. true National Academy of Sciences 2101 Constitution Ave NW Washington DC 20418 530196932 501 (c)(3) 3292019 Program Expense Reimbursement MIT 600 MEMORIAL DRIVE CAMBRIGE MA 02139 042103594 501(c)(3) 250000 Gordon Awards Institute for Systems Biology 1441 N 34th street Seattle WA 98103 912003595 501(c)(3) 500000 Russ Awards 3 0 DRAPER AWARDS 2 500000 24100 Appraisal Gold Medal GORDON AWARDS 1 250000 11322 Appraisal Gold Medal RUSS AWARDS 1 14090 APPRAISAL GOLD MEDAL Schedule I, Part 1, Line 2 Procedures for monitoring the use of grant funds The grant to the NAS is for reimbursement of NAE expenses. 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 exteral 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. false false false false false false false false false CHARLES M VEST 602303 77981 45250 73355 798889 X 584 13079 cost false true false Form 990, Part VI, Section A, Line 11A organization's form 990 review process The director of finance, President and legal 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 C, Line 19 Documents Available for Public Inspection 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, Part VI, Section B, Lines 15a and 15b Determination of Compensation NAEF does not have employees. Therefore, these two questions are not applicable. Form 990, Part VI, Section B, Line 12c Conflict of Interest Policy Each year officers and trustees are required 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 individual officers and trustees. If there was ever a conflict the board member would recuse himself. Part XI, Line 5 Unrealized Losses on Investment -$1,962,825. National Academy of Sciences 2101 CONSTITUTION AVENUE NW Washington DC 20418 530196932 science DC 501 (c) 3 7 NA false The National Academies Corporation 100 Academy Drive Irvine CA 92617 942994279 conf center CA 501 (c) 3 11A-I NA false false true false false false false false false false false false true true true true false false false