Overview
What is National Academy Of Engineering Fund?
The National Academy of Engineering Fund, often abbreviated as NAEF, is a nonprofit organization situated in Washington D.C. Its primary role is to support the activities of the National Academy of Engineering (NAE), an institution advising the federal government on science and technology matters. NAEF contributes to various engineering fields, including 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. Through its support, NAE sponsors engineering programs addressing national needs, encourages education and research, and recognizes outstanding engineering achievements.
Official website here: www.nae.edu
What are the reviews and ratings of this charity?
Overall : Charity Navigator Rating 92% (Four-Star out of Four Stars)-Star)
The National Academy Of Engineering Fund has achieved a commendable rating of 92% from Charity Navigator, indicating a strong performance in various aspects of its operations and governance. The organization benefits from a predominantly independent board, with 66% of its members being independent, which enhances accountability and transparency. Additionally, the fund has robust auditing practices and demonstrates effective oversight, as evidenced by its perfect scores in financial statements and policies.
Strengths include a significant focus on maintaining low liabilities, with a liability-to-assets ratio of just 4.54%, indicating strong financial health. Furthermore, the organization exhibits excellent fundraising efficiency, raising $0.11 for every dollar spent on fundraising. However, the program expense ratio of 62.23% suggests that there may be room for improvement in how funds are allocated to direct programs versus administrative costs.
Despite its strengths, potential donors may want to consider the program expense ratio, as it indicates that a notable portion of the budget is not directly tied to programmatic spending. Overall, the National Academy Of Engineering Fund stands out for its governance and financial stability, making it a reliable choice for those looking to support engineering education and advancement initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is National Academy Of Engineering Fund legitimate?
National Academy Of Engineering Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Academy Of Engineering Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nae.edu
What is the mission statement of National Academy Of Engineering Fund?
The National Academy of Engineering Fund (NAEF) supports the activities of the National Academy of Engineering (NAE). Operating under the charter and framework of the National Academy of Sciences (NAS), NAE advises the federal government on matters of science and technology. In addition to this, NAEF sponsors engineering programs that cater to national needs, encourages education and research in the field of engineering, and recognizes the outstanding achievements of engineers. The fund plays an instrumental role in promoting engineering-related initiatives and fostering advancements in the field.
Official website here: www.nae.edu
Who is the CEO of National Academy Of Engineering Fund?
John L Anderson is the Chair of National Academy Of Engineering Fund.
Official website here: www.nae.edu
What is the revenue of National Academy Of Engineering Fund?
National Academy Of Engineering Fund's revenue in 2022 was $6,453,990.
Official website here: www.nae.edu
Who are the executives of National Academy Of Engineering Fund and what are their salaries?
There 13 volunteers at National Academy Of Engineering Fund.
Here are 20 key members and their salaries:
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Official website here: www.nae.edu
Where can I find the form 990 for National Academy Of Engineering Fund?
National Academy Of Engineering Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nae.edu
Learn more at the official website: www.nae.edu
Mission Statement of National Academy Of Engineering Fund
The National Academy of Engineering Fund, often abbreviated as NAEF, plays a significant role in supporting the activities of the National Academy of Engineering (NAE). Operating under the charter and framework of the National Academy of Sciences (NAS), NAEF aids NAE in advising the federal government on matters concerning science and technology. Beyond this, NAEF sponsors engineering programs aimed at addressing national needs, promotes education and research, and recognizes exceptional achievements in the field of engineering. By doing so, NAEF contributes to the enhancement and progression of engineering, ultimately serving to benefit society as a whole.
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Impact
October, 2024
The National Academy of Engineering Fund (NAEF) significantly impacts the engineering field by supporting crucial programs and initiatives that address pressing issues in engineering practice, education, workforce development, and more. By sponsoring efforts related to engineering and the environment, the economy, society, information technology, and engineering ethics, NAEF plays a pivotal role in shaping the future of the engineering profession.
Through its focus on diversity and public policy, NAEF fosters a more inclusive engineering community and ensures that the discipline remains responsive to societal needs. By aiding in program reviews and facilitating collaborations, it enhances the quality and relevance of engineering education and research, ultimately driving innovation and progress in the field. Additionally, NAEF's advisory role to the federal government on matters of science and technology underscores its influence in strategic decision-making that impacts national interests and the engineering landscape.
This information is meant to be a general summary of National Academy Of Engineering Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $922,544
- Program Service Revenue: $263,200
- Gross Receipts: $25,449,512
Assets and Liabilities:
- Total Assets: $106,510,410
- Total Liabilities: $4,845,345
- Net Assets: $101,665,065
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NAT'L MEETING REGIST.
Revenue
$263,200
Organization Details
Founding Year
1973
Phone
(202) 334-2281Principal Officer
John L Anderson
Main Address
2101 CONSTITUTION AVENUE NW NAS 3, WASHINGTON, DC, 20418
Website
www.nae.eduNTEE Category
Code: U12 - Science research
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