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Society of Women Engineers EIN 13-1947735

Society of Women Engineers

EIN  13-1947735 Membership association Chicago, IL Founded 1950
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/10/26 · see original filing: IRS
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Size
$10–100M
What they do
Empowers women in engineering and tech careers, promoting diversity and positive societal impact.
Leadership
Karen Horting · Executive Director & CEO · $448K
Money in and out
$19.5M revenue, $19.3M expenses
Bottom line
+1% operating surplus

Empowers women in engineering and tech careers, promoting diversity and positive societal impact. For fiscal year 2024 it reported $19.5M in revenue, $19.3M in expenses, and $10.0M in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$19.5M
Pt VIII · Ln 12
Total expenses
$19.3M
Pt IX · Ln 25
Net assets
$10.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $176K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.22 Fundraising $0.04
Operating surplus
+1%
revenue over expenses▲ +112% vs prior filing year
Earned revenue
77%
of revenue from program services & dues▲ +3% vs prior filing year
Payroll share
36%
of spending is salaries & benefits▲ +10% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$19.5M
FY2024▼ -1%
Expenses
$19.3M
FY2024▼ -9%
Total assets
$22.3M
FY2024▲ +18%
Total liabilities
$12.3M
FY2024▲ +35%
Total revenue
$19.5M
Pt VIII · Ln 12
Total expenses
$19.3M
Pt IX · Ln 25
Net assets
$10.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$176K
Total assetsPt X · Ln 16$22.3M
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $9.6M of program spending, described in the organization's own filed words · FY2024.
01

Swe annual conference is the largest professional development program for female engineering students and engineers.

$5.5Mprogram expense
02

Young women are encouraged to enter the engineering field. Scholarships were awarded to female students.

$3.8Mprogram expense
03

Swe magazine is published by the society of women engineers five times per year and sent to all members and other interested parties.

$357Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSociety of Women Engineers
EINHdr · item D13-1947735
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jswe.org
Year of formationHdr · item L1950
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S41Z)
Ruling yearIRS BMFSep 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Karen Horting
Executive Director & CEO
$447,811Pt VII · Sec A
$298,526Pt VII · Sec A
Jennifer Scott
Executive Vice President
$249,472Pt VII · Sec A
Tiffany Swanigan
Vice President
$172,271Pt VII · Sec A
Larry Guthrie
Director, Research
$152,459Pt VII · Sec A
Patricia Kolar
Director, Business & Recognition
$148,265Pt VII · Sec A
Roberta Rincon
Director, Content Strategy
$143,276Pt VII · Sec A
$0Pt VII · Sec A

Karen Horting’s $448K as Executive Director & CEO is at the 99th percentile of top reported officer pay among 166 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Karen Horting$447,811$401,172$335,000$335,000$315,000$274,500
Philip Thakadiyil$298,526$323,356$187,500$190,588$180,384$180,384
Jennifer Scott$249,472$216,670$208,000$223,000$171,340$141,040
Honna George—$209,627$194,700$199,960$161,540$112,000
Tiffany Swanigan$172,271—$141,500———
Larry Guthrie$152,459$102,754$138,000———
Patricia Kolar$148,265$150,157$122,478———
Roberta Rincon$143,276$141,509$129,258$121,758$115,411$115,411

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$15.0M · 77%
Contributions & grants$4.2M · 22%
Investment income$209K · 1%
Program service revenue77%$15.0M
Contributions & grants22%$4.2M
Investment income1%$209K
Other revenue$96K
Total revenueLn 12$19.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.22 Fundraising $0.04
Program services74%$14.4M
Management & general22%$4.2M
Fundraising4%$727K
Total functional expensesLn 25$19.3M

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$22.3M
Total liabilitiesLn 26$12.3M
Total net assetsLn 32$10.0M
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12.3M · Operating expenses/yr $19.3M
7.7 months
Where the money goes
Program services
Program services $14.4M · Total expenses $19.3M
74%
Management & General
Management & general $4.2M · Total expenses $19.3M
22%
Fundraising
Fundraising $727K · Total expenses $19.3M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $701K · Solicited contributions (3-yr avg) $4.5M
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.2M · Total revenue $19.5M
22%
Government reliance
Government grants — · Total revenue $19.5M
—
Earned-income share
Program service revenue $15.0M · Total revenue $19.5M
77%
Investment reliance
Investment income $209K · Total revenue $19.5M
+1%
Program self-sufficiency
Program service revenue $15.0M · Total expenses $19.3M
77%
Growth & trend
Revenue growth (YoY)
This year $19.5M · Prior year $19.7M
-1%
Revenue CAGR
FY2019 $14.8M · FY2024 $19.5M
+6%
Net-asset trend (YoY)
End of year $10.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $19.5M · Expenses $19.3M
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $22.3M
—
Net-asset ratio
Net assets $10.0M · Total assets $22.3M
45%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $11.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $22.3M
50%
People & payroll
Highest Reported Total Compensation
Individual Karen Horting · Reported title EXECUTIVE DIRECTOR & CEO · Highest reported compensation $448K · Total expenses $19.3M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7.0M · Total expenses $19.3M
36%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%——
Overhead ratio 22%——
Fundraising cost ratio 17%——
Revenue growth -1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Society of Women Engineers Endowment Fund INCFY2024$454K
American Online Giving Foundation INCFY2024$150K
Fidelity Investments Charitable Gift FundFY2024$32K
Charities Aid Foundation AmericaFY2024$29K
Total grants receivedfrom 4 funders$665K
See all 4 funders →
Grants paid · 10 grants · $492K · 2020–2024
Society of Women Engineers Endowment Fund INCNC · FY2024$62,250
Academic Medical Group LeadershipVA · FY2024$50,000
Cr Mrig CompanyFY2024$32,000
Unitemized GrantFY2024$22,068
Unitemized GrantFY2024$7,039
Unitemized GrantFY2024$6,738
Society of Women Engineers Endowment Fund INCNC · FY2023$62,565
Society of Women Engineers Endowment Fund INCNC · FY2022$68,927
Society of Women Engineers Endowment Fund INCNC · FY2021$85,087
Society of Women Engineers Endowment Fund INCNC · FY2020$95,405

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$19.7M revenue · ⤓ 990 PDF
FY2023$17.6M revenue · ⤓ 990 PDF
FY2022$13.5M revenue · ⤓ 990 PDF
FY2021$13.6M revenue · ⤓ 990 PDF
FY2020$14.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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