Ieee Foundation
Ieee Foundation reported $11.2 million in revenue and $6.5 million in expenses for calendar year 2024. Of every $100 it spent, $80.84 went to program services, $17.38 to management and general costs and $1.78 to fundraising. Its largest source of revenue was contributions and grants: 78.4% of the total. The highest compensation it reported for one person was $645,710 (ASSISTANT TREASURER). Revenue rose 48% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $6.5MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 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 $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.8% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 78.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $645,710 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 9.88% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 150.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 100.0% |
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 expenseENERGIZE: Energizing innovation by celebrating technological and academic excellence through the presentation of peer-to-peer recognitions (medals, awards, and service recognitions) to hundreds of individuals for life-transforming work and IEEE-Eta Kappa Nu, the honor society of IEEE, where the importance of scholarship, character, and attitude are emphasized
EDUCATE: Educating the next generation of innovators and engineers by nourishing students through academic opportunities: scholarships, fellowships, travel grants, mentoring, and introducing pre-university students to STEM and the history of technology with classroom curriculum, hands-on experiences, and interactive workshops. Programs include the IEEE PES Scholarship PLUS Initiative, IEEE REACH, TryEngineering, and Science Kits for Public Libraries
ILLUMINATE: Illuminating the possibilities of technology to address global challenges through the delivery and deployment of innovative sustainable projects that bring electricity, communication, education, and hope throughout the world. Programs include IEEE Smart Village, EPICS in IEEE, and IEEE Move Global
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 |
|---|---|---|---|---|
| ASSISTANT TREASURER Officer, 1.0 hrs/week | $0 | $587,124 | $58,586 | $645,710 |
| ASSISTANT TREASURER Officer, 2.0 hrs/week | $0 | $281,723 | $65,018 | $346,741 |
| ASST SECRETARY & EXEC DIRE Officer, 40.0 hrs/week | $0 | $261,103 | $55,315 | $316,418 |
0 people received more than $100,000 in reportable compensation from Ieee Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $0 (Part IX, line 5).
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–1b15 · 15 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 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 61,250
Private foundation grants it received
16 private foundations reported grants to Ieee Foundation totaling $595K 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 Ieee Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ieee Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Ieee Foundation spent in 2024, $80.84 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Rosedale Technical CollegePittsburgh, PA · revenue $11M · programs 80.4% · FY2025
- Stoneleigh-Burnham SchoolGreenfield, MA · revenue $11M · programs 69.8% · FY2025
- Pipefitters Local Union No 537 Education Trust FundDorchester, MA · revenue $11M · programs 86.6% · FY2025
- High Tech High Graduate School of EducationSan Diego, CA · revenue $11M · programs 95.4% · FY2025
- Prime Time Family ReadingNew Orleans, LA · revenue $11M · programs 91.0% · FY2025
Questions people ask
How much of Ieee Foundation's spending goes to programs?
In calendar year 2024, Ieee Foundation reported that 80.8% of its $6.5 million in expenses went to program services, 17.4% to management and general and 1.8% to fundraising (Form 990, Part IX).
How much does Ieee Foundation pay its top executive?
The largest total compensation Ieee Foundation reported for one person in calendar year 2024 was $645,710, for the role of ASSISTANT TREASURER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Ieee Foundation get its money?
Of $11.2 million in revenue in calendar year 2024, 78.4% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Ieee Foundation a registered charity?
The IRS lists EIN 23-7310664 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 202543159349303614 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423189349310157 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313149349305461 · read the filing
- 2021: Form 990 for calendar year 2021 (amended), object 202243189349310579 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103129349304310 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023009349301302 · read the filing
All filings for EIN 23-7310664: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.