National Academy of Engineering Fund
National Academy of Engineering Fund reported $10.1 million in revenue and $10.3 million in expenses for calendar year 2024. Of every $100 it spent, $60.37 went to program services, $26.78 to management and general costs and $12.85 to fundraising. Its largest source of revenue was contributions and grants: 82.9% of the total. The highest compensation it reported for one person was $1,160,699 (PRESIDENT OF NAE). Revenue rose 30% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $10MFor context, the median across 192 covered science & technology charities: $84.33 programs, $15.67 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $10MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 60.4% | 83.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 26.8% | 15.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 12.9% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.16 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 82.9% | 51.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.2% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.2% | 19.2% |
| Highest reported compensation Part VII-A, columns D–F | $1,160,699 | $513,729 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 11.24% | 1.72% |
| People paid over $100,000 Part VII, line 2 | 0 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 137.6 | 14.7 |
| Independent voting board members Part VI 1a–1b | 12 of 18 | 94.3% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseNae 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, engineering ethics, frontiers of engineering, manufacturing, diversity, and public policy and program reviews
Nae member programs: organization and administration of the annual meeting and publication of nae memorial tributes
The National Academy of Engineering (nae) presents seven awards: the charles stark draper prize for engineering, fritz j. And dolores h. Russ prize, bernard m. Gordon prize for innovation in engineering and technology education, arthur m. Bueche award, simon ramo founders award, gibbs brothers medal, and j.c. Hunsaker award in aeronautical engineering. Activities include soliciting nominations, selecting recipients, announcing awardees, and presenting the prizes. In 2024, only one awardthe charles stark draper prize for engineeringwas presented
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT OF NAE Director/trustee, officer, 37.50 hrs/week | $0 | $1,062,641 | $98,058 | $1,160,699 |
| TREASURER Director/trustee, officer, 1.00 hrs/week | $0 | $50,470 | $0 | $50,470 |
| INTERNATIONAL SECRETARY Director/trustee, officer, 1.00 hrs/week | $0 | $50,000 | $0 | $50,000 |
| VICE PRESIDENT Director/trustee, officer, 1.00 hrs/week | $0 | $50,000 | $0 | $50,000 |
| HOME SECRETARY Director/trustee, officer, 1.00 hrs/week | $0 | $25,000 | $0 | $25,000 |
| HOME SECRETARY (JULY-DEC) Director/trustee, officer, 1.00 hrs/week | $0 | $25,000 | $0 | $25,000 |
0 people received more than $100,000 in reportable compensation from National Academy of Engineering Fund (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b18 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 613
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| MAKENA CAPITAL MANAGEMENT LLC Investment advisor | $124,340 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
21 private foundations reported grants to National Academy of Engineering Fund totaling $804K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from National Academy of Engineering Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for National Academy of Engineering Fund, you can publish a response that is linked from this page.
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Of every $100 National Academy of Engineering Fund spent in 2024, $60.37 went to programs. The full breakdown, from its IRS Form 990:
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All science & technology charities · Largest charities in District of Columbia
Questions people ask
How much of National Academy of Engineering Fund's spending goes to programs?
In calendar year 2024, National Academy of Engineering Fund reported that 60.4% of its $10.3 million in expenses went to program services, 26.8% to management and general and 12.9% to fundraising (Form 990, Part IX).
How much does National Academy of Engineering Fund pay its top executive?
The largest total compensation National Academy of Engineering Fund reported for one person in calendar year 2024 was $1,160,699, for the role of PRESIDENT OF NAE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does National Academy of Engineering Fund get its money?
Of $10.1 million in revenue in calendar year 2024, 82.9% came from contributions and grants and 2.2% from program service revenue (Form 990, Part VIII).
Is National Academy of Engineering Fund a registered charity?
The IRS lists EIN 23-7284092 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523159349302242 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443199349304499 · read the filing
- 2022: Form 990 for calendar year 2022, object 202342869349302374 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213069349301751 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132719349301103 · read the filing
- 2019: Form 990 for calendar year 2019, object 202002779349300305 · read the filing
All filings for EIN 23-7284092: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.