Overview
What is Sme Education Foundation?
The Sme Education Foundation, located in Southfield, Michigan, is a charitable organization with a mission to empower the next generation of manufacturing engineers and technologists. In 2022, they awarded academic scholarships worth $1,770,513 to 440 students pursuing degrees in related fields. Their mission aligns with the Society of Manufacturing Engineers, a tax-exempt charitable organization, and they operate exclusively for the benefit of this organization. The Sme Education Foundation focuses on preparing future engineers and technologists through outreach programs that enrich students' study of STEM subjects, contributing to the growth of the manufacturing industry. They have a team of 11 dedicated individuals working towards this goal.
Official website here: www.smeef.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%
The Sme Education Foundation has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score in several categories, including independent board members and material diversion of assets, the organization demonstrates a high level of integrity and transparency in its operations.
The foundation excels in its financial management, as evidenced by a program expense ratio of 83.58%, indicating that the majority of its expenditures directly support its educational initiatives. Additionally, the organization maintains comprehensive policies such as conflict of interest and whistleblower protections, which bolster its governance practices.
While the overall ratings showcase the foundation's strengths, the data does not identify any specific limitations or areas for improvement. This solid performance positions the Sme Education Foundation as a trustworthy organization committed to its mission in education.
This AI summary has been generated from information found on Charity Navigator.
Is Sme Education Foundation legitimate?
Sme Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sme Education Foundation 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:
Executive Compensation: $255,192
Professional Fundraising Fees: $57,136
Other Salaries and Wages: $801,003
For more financial information, click here
Official website here: www.smeef.org
What is the mission statement of Sme Education Foundation?
The Sme Education Foundation's mission is primarily focused on benefiting and carrying out the objectives of the Society of Manufacturing Engineers, a charitable organization. Its primary goal is to prepare the next generation of engineering and technological professionals for careers in manufacturing. This is achieved through various outreach programs that encourage students to pursue studies in Science, Technology, Engineering, and Mathematics (STEM), aligning with the Society of Manufacturing Engineers. The foundation operates exclusively for charitable and educational purposes, as defined by the Internal Revenue Code. It receives and manages assets solely for charitable and educational purposes, contributing to the development of future engineers and technologists in the manufacturing sector.
Official website here: www.smeef.org
Who is the CEO of Sme Education Foundation?
Craig Connop is the President of Sme Education Foundation. The CEO's salary of Sme Education Foundation is $51,990 and their total compensation is $709,466.
Official website here: www.smeef.org
What is the revenue of Sme Education Foundation?
Sme Education Foundation's revenue in 2022 was $2,711,665.
Official website here: www.smeef.org
Who are the executives of Sme Education Foundation and what are their salaries?
The average compensation at Sme Education Foundation during 2022 was $96,018. There are 11 employees and 163 volunteers at Sme Education Foundation.
Here are 19 key members and their salaries (Sme Education Foundation's CEO's salary is $51,990 and their total compensation is $709,466):
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- Compensation: $51,990
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- Other: $37,029
- Compensation: $138,571
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- Other: $10,067
Official website here: www.smeef.org
Where can I find the form 990 for Sme Education Foundation?
Sme Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.smeef.org
Learn more at the official website: www.smeef.org
Mission Statement of Sme Education Foundation
The SME Education Foundation is committed to inspiring, preparing, and supporting the next generation of manufacturing engineers and technologists. Its mission aligns with that of the Society of Manufacturing Engineers, a tax-exempt charitable organization, and it operates exclusively for their benefit. The foundation's primary goal is to prepare future engineers and technologists for careers in manufacturing by enriching students' studies in Science, Technology, Engineering, and Mathematics (STEM) in alignment with SME.
In pursuit of its mission, the SME Education Foundation operates solely for charitable and educational purposes, as defined in the Internal Revenue Code. It receives and administers assets exclusively for these purposes, aiming to contribute to the development of the manufacturing industry by nurturing talented individuals. The foundation's outreach programs are designed to enrich students' STEM education, thereby preparing them for successful careers in manufacturing.
In essence, the SME Education Foundation serves as a catalyst for inspiring and preparing the future workforce in the manufacturing sector. By focusing on STEM education, it empowers students to develop the skills necessary for successful careers in manufacturing, thereby contributing to the industry's growth and development.
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Impact
July, 2024
The SME Education Foundation's impact can be seen in its dedication to inspiring, preparing, and supporting the next generation of manufacturing engineers and technologists. Through its scholarship program, the foundation awarded academic scholarships to 440 graduating high school seniors, current undergraduates, and master's or doctoral degree students pursuing post-secondary degrees in manufacturing engineering, manufacturing technology, and related fields in 2022. These scholarships, totaling $1,770,513, were distributed to 184 higher educational institutions. By providing financial support and resources to students in these critical fields, the SME Education Foundation is actively shaping the future of manufacturing by fostering talent and innovation in STEM education.
This information is meant to be a general summary of Sme Education Foundation. 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: $1,213,152
- Program Service Revenue: $58,318
- Gross Receipts: $3,376,248
Assets and Liabilities:
- Total Assets: $24,135,298
- Total Liabilities: $1,227,803
- Net Assets: $22,907,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOLARSHIP ADMINISTRATION REVENU
Revenue
$58,318
Organization Details
Founding Year
1987
Phone
(313) 425-3000Principal Officer
Craig Connop
Main Address
1000 TOWN CENTER 1910, SOUTHFIELD, MI, 48075
Website
www.smeef.orgNTEE Category
Code: B122 - Education
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