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.
76¢ of each $1 spent went to programs.
$274K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$274K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $24.4M in investments, Pt X · Ln 11–13
Looks good: 4.0 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
$530K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
Spent
$4.5M
To programs
76%
Net assets
$26.3M
By yearFY2020–FY2024
Revenue
$2.8M
FY2020
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
$4.5M
FY2020
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
$26.3M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

76 cents of each dollar spent went to programs.

Program services 76% · $3.4M Management & general 18% · $815K Fundraising 6% · $256K

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

10 people listed on the 990; $274K paid to officers and key staff.

Part VII, Section A · reportable compensation
VP, Sme Education Foundation
$201,711Pt VII · Sec A
Executive Director & CEO
$51,199Pt VII · Sec A
Chief Financial Officer
$20,746Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $3.4M · in their own filed words · FY2020
01

Educational Programs

The prime (partnership 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.

$2.2Mprogram expense
02

Scholarships

In 2020 the sme education foudation awarded academic scholarships to 440 graduating high school seniors, current undergraduates and masters or doctoral degree students pursuing post-secondary degrees in manufacturing engineering, manufacturing technology, and related fields.

$1.2Mprogram expense
03

Educational Events and Activities

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

$44Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Investment incomeLn 3$1.4M
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$214K
Money outPt IX
$4.5M
Ln 25
Programscol B$3.4M
Managementcol C$815K
Fundraisingcol D$256K
Owns and owesPt X
$26.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$26.8M
LiabilitiesLn 26$530K
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Noncash giftsLn 1g$289K
Fees for servicesLn 2g$214K
Investment incomeLn 3$1.4M
Gains on assetsLn 7$1.1M
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$24.4M
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$26.8M
LiabilitiesLn 26$530K
Net assetsLn 32$26.3M
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 FY20End FY20
Cash and savingsLn 1–2$1.9M$1.5M
InvestmentsLn 11–13$23.2M$24.4M
Land, buildings, equipmentLn 10c$6K$4K
Total assetsLn 16$27.1M$26.8M
LiabilitiesLn 26$1.1M$530K
Net assetsLn 32$26.0M$26.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.8M$1.8M
Grants to domestic individualsLn 2$991K$991K
Pay of current officers, directors and key staffLn 5$218K$189K$9K$20K
Other salaries and wagesLn 7$543K$182K$198K$163K
Other employee benefitsLn 9$91K$48K$34K$10K
Payroll taxesLn 10$48K$25K$10K$13K
Legal feesLn 11b$52K$52K
Accounting feesLn 11c$34K$34K
Professional fundraising feesLn 11e$4K$4K
Investment management feesLn 11f$31K$31K
Advertising and promotionLn 12$74K$67K$7K
Office expensesLn 13$56K$14K$38K$4K
Information technologyLn 14$61K$53K$8K
TravelLn 17$15K$7K$4K$4K
Conferences, conventions and meetingsLn 19$58K$58K$87$55
Payments to affiliatesLn 21$328K$328K
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$36K$4K$3K$29K
Total functional expensesLn 25$4.5M$3.4M$815K$256K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $2.8M$4.5M−$1.7M$26.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,762,932 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,916,951$1,130,183
I-9 Program service revenuePrior year $48,408$214,497
I-10 Investment incomePrior year $2,085,230$1,418,252
I-11 Other revenuePrior year $168,441$0
I-12 Total revenuePrior year $6,219,030$2,762,932
I-13 Grants and similar amounts paidPrior year $1,901,787$2,832,640
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $876,588$901,400
I-16a Professional fundraising feesPrior year $9,900$3,540
I-17 Other expensesPrior year $693,326$746,653
I-18 Total expensesPrior year $3,481,601$4,484,233
I-19 Revenue less expensesPrior year $2,737,429−$1,721,301
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $2,762,932 across 8 lines filed
VIII-1d Related organizations$569,814
VIII-1f All other contributions, gifts and grants$560,369
VIII-1g Noncash contributions (included above)$288,750
VIII-1h Total contributions, gifts and grants$1,130,183
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $214,497$214,497
VIII-3 Investment incomeExcluded from tax $274,329$274,329
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,143,923$1,143,923
VIII-12 Total revenueRelated to mission $214,497 · Unrelated business $0 · Excluded from tax $1,418,252$2,762,932
Part IX · Statement of functional expenses $4,484,233 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $1,841,290$1,841,290
IX-2 Grants to domestic individualsPrograms $991,350$991,350
IX-5 Pay of current officers, directors and key staffPrograms $188,603 · Management $9,437 · Fundraising $20,077$218,117
IX-7 Other salaries and wagesPrograms $182,153 · Management $197,917 · Fundraising $163,254$543,324
IX-9 Other employee benefitsPrograms $47,920 · Management $33,976 · Fundraising $9,580$91,476
IX-10 Payroll taxesPrograms $25,399 · Management $10,011 · Fundraising $13,073$48,483
IX-11b Legal feesManagement $51,538$51,538
IX-11c Accounting feesManagement $33,753$33,753
IX-11e Professional fundraising feesFundraising $3,540$3,540
IX-11f Investment management feesManagement $31,145$31,145
IX-12 Advertising and promotionManagement $67,174 · Fundraising $6,925$74,099
IX-13 Office expensesPrograms $14,254 · Management $37,671 · Fundraising $4,436$56,361
IX-14 Information technologyPrograms $53,498 · Management $7,624$61,122
IX-17 TravelPrograms $7,123 · Management $3,949 · Fundraising $3,638$14,710
IX-19 Conferences, conventions and meetingsPrograms $58,160 · Management $87 · Fundraising $55$58,302
IX-21 Payments to affiliatesManagement $327,748$327,748
IX-22 Depreciation, depletion and amortizationFundraising $2,083$2,083
IX-24 Other expenses (24a–d)Programs $4,300 · Management $2,627 · Fundraising $28,865$35,792
IX-25 Total functional expensesPrograms $3,414,050 · Management $814,657 · Fundraising $255,526$4,484,233
Part X · Balance sheet $26,838,033 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,933,518$1,513,338
X-3 Pledges and grants receivableStart of year $602,170$299,792
X-4 Accounts receivableStart of year $1,324,449$651,273
X-9 Prepaid expenses and deferred chargesStart of year $13,860$17,096
X-10c Land, buildings and equipment, netStart of year $5,729$3,646
X-11 Publicly traded securitiesStart of year $23,230,276$24,352,888
X-16 Total assetsStart of year $27,110,002$26,838,033
X-17 Accounts payable and accrued expensesStart of year $60,274$86,259
X-18 Grants payableStart of year $135,000$112,500
X-25 Other liabilitiesStart of year $638,250$88,031
X-26 Total liabilitiesStart of year $1,080,079$530,327
X-27 Net assets without donor restrictionsStart of year $5,861,358$6,726,617
X-28 Net assets with donor restrictionsStart of year $20,168,565$19,581,089
X-32 Total net assets or fund balancesStart of year $26,029,923$26,307,706
X-33 Total liabilities and net assetsStart of year $27,110,002$26,838,033
Part XI · Reconciliation of net assets $26,307,706 net assets at year end
XI-1 Total revenue$2,762,932
XI-2 Total expenses$4,484,233
XI-3 Revenue less expenses−$1,721,301
XI-4 Net assets at start of year$26,029,923
XI-5 Net unrealized gains (losses) on investments$2,004,359
XI-9 Other changes in net assets−$5,275
XI-10 Net assets at end of year$26,307,706

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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