Overview
What is Accreditation Board For Engineering And Technology Inc?
The Accreditation Board for Engineering and Technology Inc, based in Baltimore, Maryland, is a nonprofit organization dedicated to evaluating academic programs in applied natural science, computing, engineering, and engineering technology at the invitation of institutions of post-secondary education worldwide. Through voluntary evaluations, ABET aims to accredit educational programs at these institutions, ultimately promoting and advancing education in these fields. With a mission to serve the public, ABET works to ensure the quality and excellence of educational programs in engineering and related disciplines. The organization is staffed by approximately 44 employees.
Official website here: www.abet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating from Charity Navigator)
The Accreditation Board for Engineering and Technology Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 96% based entirely on its exceptional accountability and finance metrics, demonstrating a strong commitment to ethical management and transparency in its operations.
Key strengths of the organization include a fully independent board with 100% of its members meeting the criteria for independence, as well as a highly effective audit and oversight committee. Additionally, the organization has implemented robust policies, including conflict of interest and whistleblower policies, enhancing its governance framework. With 89.81% of its expenses allocated directly to programs, the nonprofit effectively prioritizes its mission over administrative costs.
While the organization's financial standing appears solid, with a liabilities-to-assets ratio of 30.70%, continued monitoring of its financial practices will be essential to maintain this high level of performance. Overall, the Accreditation Board for Engineering and Technology Inc represents a responsible and well-managed nonprofit, committed to its mission and the ethical stewardship of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Accreditation Board For Engineering And Technology Inc legitimate?
Accreditation Board For Engineering And Technology Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Accreditation Board For Engineering And Technology Inc 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: $1,396,930
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,392,632
For more financial information, click here
Official website here: www.abet.org
What is the mission statement of Accreditation Board For Engineering And Technology Inc?
The Accreditation Board for Engineering and Technology Inc (ABET) prioritizes the promotion and advancement of education in applied natural science, computing, engineering, and engineering technology. In doing so, ABET serves the public interest by evaluating academic programs in these fields at institutions of post-secondary education around the world. The voluntary evaluations conducted by ABET may result in accreditation for these educational programs, ultimately enhancing the quality of education in these subjects. ABET, which is a federation of engineering and technical professions, is dedicated to ensuring that students receive a top-notch education, preparing them for successful careers in their chosen fields.
Official website here: www.abet.org
Who is the CEO of Accreditation Board For Engineering And Technology Inc?
Michael Milligan is the President of Accreditation Board For Engineering And Technology Inc.
Official website here: www.abet.org
What is the revenue of Accreditation Board For Engineering And Technology Inc?
Accreditation Board For Engineering And Technology Inc's revenue in 2022 was $14,197,976.
Official website here: www.abet.org
Who are the executives of Accreditation Board For Engineering And Technology Inc and what are their salaries?
The average compensation at Accreditation Board For Engineering And Technology Inc during 2022 was $108,854. There are 44 employees and 1139 volunteers at Accreditation Board For Engineering And Technology Inc.
Here are 20 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $485,387
- Related: $0
- Other: $26,649
- Compensation: $275,604
- Related: $0
- Other: $21,718
- Compensation: $327,136
- Related: $0
- Other: $23,944
- Compensation: $175,047
- Related: $0
- Other: $33,514
- Compensation: $155,303
- Related: $0
- Other: $33,019
- Compensation: $151,614
- Related: $0
- Other: $13,032
- Compensation: $150,347
- Related: $0
- Other: $30,501
- Compensation: $141,197
- Related: $0
- Other: $15,959
Official website here: www.abet.org
Where can I find the form 990 for Accreditation Board For Engineering And Technology Inc?
Accreditation Board For Engineering And Technology Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abet.org
Learn more at the official website: www.abet.org
Mission Statement of Accreditation Board For Engineering And Technology Inc
The Accreditation Board for Engineering and Technology Inc, or ABET, is a leading organization in the promotion and advancement of education in applied natural science, computing, engineering, and engineering technology. Established as a federation of engineering and technical professions, ABET serves the public by evaluating academic programs in these fields at the invitation of institutions of post-secondary education worldwide.
Through voluntary evaluations, ABET grants accreditation to educational programs that meet its rigorous standards. The accreditation process is a valuable asset for institutions, as it signifies the quality and effectiveness of their programs in preparing students for successful careers in their chosen fields. By setting high standards for education in these essential industries, ABET plays a crucial role in ensuring that the next generation of professionals is well-equipped to tackle the challenges of the modern world.
ABET's mission is to serve the public through the promotion and advancement of education in applied natural science, computing, engineering, and engineering technology. By setting and upholding stringent standards for academic programs in these fields, ABET empowers students to excel in their chosen careers and make meaningful contributions to their professions and society as a whole. The organization's commitment to education excellence extends beyond its accreditation process, as it also works to foster innovation, collaboration, and continuous improvement in the fields it serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Accreditation Board for Engineering and Technology Inc (ABET) plays a critical role in enhancing the quality of education in engineering, engineering technology, computing, and applied natural science. By evaluating academic programs at institutions worldwide, ABET ensures that educational offerings meet rigorous standards that prepare students for professional practice.
The organization facilitates a process of voluntary evaluation, inviting institutions to undergo assessments that result in accreditation for their programs. This accreditation serves as a mark of quality, signaling to students, employers, and the industry that a program adheres to high educational standards. It fosters continual improvement in academic institutions, encouraging them to maintain and elevate their educational practices.
ABET's influence extends beyond institutional boundaries; it impacts the workforce by ensuring that graduates possess the necessary skills and knowledge to succeed in their fields. This contributes to a competent and capable workforce in engineering and technology sectors, ultimately benefiting public safety, health, and welfare. By promoting excellence in education, ABET strengthens the profession, enhances global competitiveness, and fosters innovation, thereby playing a pivotal role in the advancement of society.
This information is meant to be a general summary of Accreditation Board For Engineering And Technology Inc. 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: $417,779
- Program Service Revenue: $13,779,358
- Gross Receipts: $16,400,151
Assets and Liabilities:
- Total Assets: $24,567,861
- Total Liabilities: $7,544,572
- Net Assets: $17,023,289
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCREDITATION FEES
Revenue
$11,809,365
MEMBERSHIP ASSESSMENTS
Revenue
$1,579,630
PROFESSIONAL OFFERINGS
Revenue
$390,363
Organization Details
Founding Year
1963
Phone
(410) 347-7721Principal Officer
Michael Milligan
Main Address
415 NORTH CHARLES STREET, BALTIMORE, MD, 21201
Website
www.abet.orgNTEE Category
Code: B40D - Education
If you are a representative of Accreditation Board For Engineering And Technology Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.