Sme Education Foundation

Tax-deductible

Southfield, MI501(c)(3)Since 1987EducationEIN 38-2746841Revenue $8.0M in FY2024

On file with the IRSsmeef.org1000 Town Ctr Ste 1910, 48075-1236 · Southfield, MITax-exempt since Oct 1987Publicly supported charity — 170(b)(1)(A)(vi)

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The Sme Education Foundation mission is to inspire, prepare, and support the next generation of manufacturing engineers and technologists.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 163 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $1.1M a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$623K
to officers and key staff · 6% of spending
Top officer’s pay higher than 92% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $1.4M
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.0M
-41% vs prior year
Spent
$9.7M
To programs
90%
Net assets
$30.5M
By yearFY2020–FY2024
Revenue
$8.0M
FY2024▼ -41%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$11.1M
FY2022$2.7M
FY2023$13.5M
FY2024$8.0M
Expenses
$9.7M
FY2024▲ +44%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.5M
FY2021$3.8M
FY2022$8.0M
FY2023$6.7M
FY2024$9.7M
Net assets
$30.5M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$26.3M
FY2021$33.9M
FY2022$22.9M
FY2023$31.5M
FY2024$30.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $8.7M Management & general 5% · $469K Fundraising 6% · $549K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $623K paid to officers and key staff.

Part VII, Section A · reportable compensation
VP, Sme Education Foundation
$258,657Pt VII · Sec A
Director, Education Programs
$138,832Pt VII · Sec A
Director, Institutional Giving
$116,748Pt VII · Sec A
Manager, Education Programs
$108,441Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert Luce’s $259K as VP, Sme Education Foundation is at the 92nd percentile of top reported officer pay among 3394 $1–10M education 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Robert Luce$258,657$228,951$233,741$210,998$201,711
Shelley Wooley$138,832$133,931$138,571$109,127—
Christian Jensen$116,748————
Ronald Scozzari$108,441————
Robert Willig——$51,990$34,149—
Sandra Bouckley———$24,177$51,199
Craig Connop——$29,168$26,246$20,746

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.

See Sme Education Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Inspires and prepares the next generation of manufacturing engineers and technologists through STEM camps, student chapters, and educational events.

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Provided by the organization

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3 programs · $8.7M · in their own filed words · FY2024
01

Educational Programs

The prime (partnerhsip response in manufacturing education) program provides high school students with hands-on training and manufacturing skills through access to advanced technologies, industry-led curriculum, job shadowing and mentoring programs.

$7.3Mprogram expense
02

Scholarships

In 2024 the sme education foudation awarded academic scholarships to 144 graduating high school seniors, current undergraduates and masters or doctoral degree students pursuing post-secondary degrees in manufacturing engineering, manufacturing technology, and related fields.

$1.1Mprogram expense
03

Educational Events and Activities

Projects included sponsorship of girl's stem camp and sme student chapter assistance.

$238Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 43 grants · $5.9M · 2020–2024
Unitemized GrantFY2024$816,101
Unitemized GrantFY2024$10,000
Wheeling High SchoolFY2024$10,000
Walker Career CenterFY2024$10,000
Wadsworth High SchoolsFY2024$10,000
San Pasqual High SchoolFY2024$10,000
Saint Michael-Albertville High SchoolMN · FY2024$10,000
Metropolitan School District of Wayne TownshipFY2024$10,000
McKenzie Center for Innovation and TechnologyFY2024$10,000
Innovation Central High SchoolMI · FY2024$10,000
Hollenstein Career & Technology CenterFY2024$10,000
Centerville High SchoolFY2024$10,000
Unitemized GrantFY2023$939,966
Township High School District 2141FY2023$10,000
Mt Pleasant High School Gi-TecFY2023$10,000
Jackson County Intermediate School DistrictFY2023$10,000
J I Case High SchoolFY2023$10,000
See all 43 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$8.0M
Ln 12
Gifts and grantsLn 1h$6.1M
Investment incomeLn 3$1.8M
Fees for servicesLn 2g$79K
Money outPt IX
$9.7M
Ln 25
Programscol B$8.7M
Managementcol C$469K
Fundraisingcol D$549K
Owns and owesPt X
$30.5M
net assets · Ln 32
Cash and savingsLn 1–2$5.1M
Total assetsLn 16$31.8M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
22
listed · VII A
PaidVII A4
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.1M
Government grantsLn 1e$1.0M
Noncash giftsLn 1g$472K
Fees for servicesLn 2g$79K
Investment incomeLn 3$1.8M
Gains on assetsLn 7$1.1M
Total revenueLn 12$8.0M
Assets in detailPt X, end of year
CashLn 1$5.1M
Cash and savings togetherLn 1–2$5.1M
InvestmentsLn 11–13$25.2M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$31.8M
LiabilitiesLn 26$1.3M
Net assetsLn 32$30.5M
OperationsPt I, VI
EmployeesI 511
VolunteersI 6163
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$9.4M$5.1M
InvestmentsLn 11–13$23.0M$25.2M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$34.0M$31.8M
LiabilitiesLn 26$2.5M$1.3M
Net assetsLn 32$31.5M$30.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.7M$6.7M
Grants to domestic individualsLn 2$829K$829K
Pay of current officers, directors and key staffLn 5$292K$169K$82K$41K
Other salaries and wagesLn 7$787K$566K$111K$110K
Other employee benefitsLn 9$137K$104K$19K$14K
Payroll taxesLn 10$70K$50K$10K$10K
Legal feesLn 11b$12K$1K$10K
Accounting feesLn 11c$55K$55K
Lobbying feesLn 11d$232K$232K
Professional fundraising feesLn 11e$83K$83K
Investment management feesLn 11f$40K$40K
Other fees for servicesLn 11g$3K$773$2K
Advertising and promotionLn 12$70K$60K$10K
Office expensesLn 13$15K$7K$7K$2K
Information technologyLn 14$68K$68K$254$253
TravelLn 17$144K$60K$26K$58K
Conferences, conventions and meetingsLn 19$69K$17K$52K
Other expenses (24a–d)Ln 24$97K$52K$46K$65
Total functional expensesLn 25$9.7M$8.7M$469K$549K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $8.0M$9.7M−$1.7M$30.5M 990 PDF
FY2023 $13.5M$6.7M$6.8M$31.5M 990 PDF
FY2022 $2.7M$8.0M−$5.3M$22.9M 990 PDF
FY2021 $11.1M$3.8M$7.3M$33.9M 990 PDF
FY2020 $2.8M$4.5M−$1.7M$26.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $8,020,945 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,476,153$6,093,162
I-9 Program service revenuePrior year $804,109$79,460
I-10 Investment incomePrior year $1,219,913$1,848,323
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $13,500,175$8,020,945
I-13 Grants and similar amounts paidPrior year $4,584,399$7,525,238
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,262,866$1,286,277
I-16a Professional fundraising feesPrior year $98,063$82,706
I-17 Other expensesPrior year $788,816$804,996
I-18 Total expensesPrior year $6,734,144$9,699,217
I-19 Revenue less expensesPrior year $6,766,031−$1,678,272
Part VI · Governance 16 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $8,020,945 across 9 lines filed
VIII-1d Related organizations$1,515,199
VIII-1e Government grants$1,000,000
VIII-1f All other contributions, gifts and grants$3,577,963
VIII-1g Noncash contributions (included above)$472,500
VIII-1h Total contributions, gifts and grants$6,093,162
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $79,460$79,460
VIII-3 Investment incomeExcluded from tax $773,607$773,607
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,074,716$1,074,716
VIII-12 Total revenueRelated to mission $79,460 · Unrelated business $0 · Excluded from tax $1,848,323$8,020,945
Part IX · Statement of functional expenses $9,699,217 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $6,696,663$6,696,663
IX-2 Grants to domestic individualsPrograms $828,575$828,575
IX-5 Pay of current officers, directors and key staffPrograms $169,077 · Management $81,623 · Fundraising $40,812$291,512
IX-7 Other salaries and wagesPrograms $566,150 · Management $110,847 · Fundraising $110,380$787,377
IX-9 Other employee benefitsPrograms $104,303 · Management $19,135 · Fundraising $13,821$137,259
IX-10 Payroll taxesPrograms $50,478 · Management $9,855 · Fundraising $9,796$70,129
IX-11b Legal feesPrograms $1,380 · Management $10,190$11,570
IX-11c Accounting feesManagement $55,056$55,056
IX-11d Lobbying feesFundraising $231,509$231,509
IX-11e Professional fundraising feesFundraising $82,706$82,706
IX-11f Investment management feesManagement $39,916$39,916
IX-11g Other fees for servicesPrograms $773 · Management $2,397$3,170
IX-12 Advertising and promotionPrograms $60,267 · Management $9,591$69,858
IX-13 Office expensesPrograms $7,014 · Management $6,861 · Fundraising $1,594$15,469
IX-14 Information technologyPrograms $67,618 · Management $254 · Fundraising $253$68,125
IX-17 TravelPrograms $59,945 · Management $25,848 · Fundraising $57,989$143,782
IX-19 Conferences, conventions and meetingsPrograms $17,315 · Management $51,911$69,226
IX-24 Other expenses (24a–d)Programs $51,653 · Management $45,597 · Fundraising $65$97,315
IX-25 Total functional expensesPrograms $8,681,211 · Management $469,081 · Fundraising $548,925$9,699,217
Part X · Balance sheet $31,767,607 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $9,438,115$5,148,779
X-3 Pledges and grants receivableStart of year $38,750$326,250
X-4 Accounts receivableStart of year $1,576,147$1,085,842
X-9 Prepaid expenses and deferred chargesStart of year $24,378$15,024
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $22,953,891$25,191,712
X-16 Total assetsStart of year $34,031,281$31,767,607
X-17 Accounts payable and accrued expensesStart of year $1,132,209$701,537
X-18 Grants payableStart of year $406,417$567,500
X-19 Deferred revenueStart of year $0$2,000
X-25 Other liabilitiesStart of year $752,850$0
X-26 Total liabilitiesStart of year $2,546,291$1,271,037
X-27 Net assets without donor restrictionsStart of year $8,858,504$10,171,066
X-28 Net assets with donor restrictionsStart of year $22,626,486$20,325,504
X-32 Total net assets or fund balancesStart of year $31,484,990$30,496,570
X-33 Total liabilities and net assetsStart of year $34,031,281$31,767,607
Part XI · Reconciliation of net assets $30,496,570 net assets at year end
XI-1 Total revenue$8,020,945
XI-2 Total expenses$9,699,217
XI-3 Revenue less expenses−$1,678,272
XI-4 Net assets at start of year$31,484,990
XI-5 Net unrealized gains (losses) on investments$689,852
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$30,496,570

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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