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Nonprofit · EIN 23-7284092

NATIONAL ACADEMY OF ENGINEERING FUND

Tax-exempt · WASHINGTON, DC 20418

Financials

$8.2M$9.6M2023$10.1M$10.3M2024
Revenue Expenses · by fiscal year end
Financials of NATIONAL ACADEMY OF ENGINEERING FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$10,127,676$10,325,419-$197,743$123,476,393$5,084,969$118,391,424
December 31, 2023990$8,166,111$9,564,828-$1,398,717$113,441,226$3,951,463$109,489,763
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$8,398,229
Membership dues
$592,000
Program service revenue
$227,100
Investment income
$1,501,982
Net gain from sales of assets
$529,690
Other revenue
$365

Expenses

Grants and similar amounts paid
$6,233,358
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$6,233,358
Management and general (functional)
$2,764,910
Fundraising (functional)
$1,327,151

Balance sheet and other

Total assets, start of year
$113,441,226
Total assets, end of year
$123,476,393
Total liabilities, end of year
$5,084,969
Net assets, end of year
$118,391,424
Publicly traded securities
$29,844,146
Net assets without donor restrictions
$34,700,945
Net assets with donor restrictions
$83,690,479
Gross unrelated business income
$365,290
Gross receipts
$39,565,372
Employees
0
Volunteers
13
Year formed
1973
State of legal domicile
DC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOHN L ANDERSONPRESIDENT OF NAE
Trustee or director, Officer
37.5$0$1,062,641$98,058
ROGER L MCCARTHYTREASURER
Trustee or director, Officer
1$0$50,470$0
WESLEY L HARRISVICE PRESIDENT
Trustee or director, Officer
1$0$50,000$0
NADINE AUBRYINTERNATIONAL SECRETARY
Trustee or director, Officer
1$0$50,000$0
CAROL K HALLHOME SECRETARY (JAN-JUNE)
Trustee or director, Officer
1$0$25,000$0
HOWARD B ROSENHOME SECRETARY (JULY-DEC)
Trustee or director, Officer
1$0$25,000$0
DONALD C WINTERCHAIR (JAN-JUNE)
Trustee or director, Officer
1$0$0$0
ERROLL B DAVIS JRCHAIR (JULY-DEC)
Trustee or director, Officer
1$0$0$0
ANJAN BOSETRUSTEE
Trustee or director
1$0$0$0
DIANNE CHONGTRUSTEE
Trustee or director
1$0$0$0
ELLEN M PAWLIKOWSKITRUSTEE (JULY-DEC)
Trustee or director
1$0$0$0
JAMES O ELLISTRUSTEE
Trustee or director
1$0$0$0
RODERIC I PETTIGREWTRUSTEE (JULY-DEC)
Trustee or director
1$0$0$0
EDWARD D LAZOWSKATRUSTEE (JAN-JUNE)
Trustee or director
1$0$0$0
ROBIN K MCGUIRETRUSTEE
Trustee or director
1$0$0$0
6 more people on this return
NameTitleHours / weekCompensation
FIONA M DOYLETRUSTEE
Trustee or director
1$0
SUSAN L GRAHAMTRUSTEE
Trustee or director
1$0
JOSE G SANTIESTEBANTRUSTEE
Trustee or director
1$0
CHERRY A MURRAYTRUSTEE
Trustee or director
1$0
ELSA REICHMANISTRUSTEE
Trustee or director
1$0
GERALDINE KNTAZTRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2023: 22 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOHN L ANDERSONPRESIDENT
Trustee or director, Officer
37.5$0$1,027,185$93,859
WESLEY L HARRISVICE PRESIDENT
Trustee or director, Officer
1$0$50,000$0
CAROL K HALLHOME SECRETARY
Trustee or director, Officer
1$0$50,000$0
ROGER L MCCARTHYTREASURER
Trustee or director, Officer
1$0$50,000$0
JAMES M TIENINTERNATIONAL SECRETARY (JAN-JUNE)
Trustee or director, Officer
1$0$25,000$0
NADINE AUBRYINTERNATIONAL SECRETARY (JULY-DEC)
Trustee or director
1$0$25,000$0
DONALD C WINTERCHAIR
Trustee or director, Officer
1$0$0$0
ANJAN BOSETRUSTEE
Trustee or director
1$0$0$0
DIANNE CHONGTRUSTEE
Trustee or director
1$0$0$0
BRENDA J DIETRICHTRUSTEE (JANUARY-JUNE)
Trustee or director
1$0$0$0
JAMES O ELLISTRUSTEE
Trustee or director
1$0$0$0
KATHARINE G FRASETRUSTEE (JANUARY-JUNE)
Trustee or director
1$0$0$0
EDWARD D LAZOWSKATRUSTEE
Trustee or director
1$0$0$0
ROBIN K MCGUIRETRUSTEE
Trustee or director
1$0$0$0
HOWARD B ROSENTRUSTEE
Trustee or director
1$0$0$0
FIONA M DOYLETRUSTEE (JULY-DECEMBER)
Trustee or director
1$0$0$0
SUSAN L GRAHAMTRUSTEE
Trustee or director
1$0$0$0
JOSE G SANTIESTEBANTRUSTEE (JULY-DECEMBER)
Trustee or director
1$0$0$0
YANNIS C YORTOSTRUSTEE (JANUARY-JUNE)
Trustee or director
1$0$0$0
CHERRY A MURRAYTRUSTEE (JULY-DECEMBER)
Trustee or director
1$0$0$0
ELSA REICHMANISTRUSTEE, (JULY-DECEMBER)
Trustee or director
1$0$0$0
GERALDINE KNTAZTRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
2101 CONSTITUTION AVENUE NW NAS 3, WASHINGTON, DC 20418-0001
In care of
% MARY RESCHDIRECTOR OF FINAN
Principal officer (990 for 2024)
TSU-JAE KING LIU, 2101 CONSTITUTION AVENUE NW NAS 312, WASHINGTON, DC 20418
Signed the 990
TSU-JAE KING LIU, PRESIDENT
Phone
(202) 334-2281
Return prepared by
RSM US LLP

Mission

NAEF SUPPORTS THE ACTIVITIES OF THE NATIONAL ACADEMY OF ENGINEERING (NAE). NAE OPERATES WITHIN THE CHARTER AND FRAMEWORK OF THE NATIONAL ACADEMY OF SCIENCES (NAS) AND ADVISES THE FEDERAL GOVERNMENT ON MATTERS OF SCIENCE AND TECHNOLOGY. NAE ALSO SPONSORS ENGINEERING PROGRAMS AIMED AT MEETING NATIONAL NEEDS, ENCOURAGES EDUCATION AND RESEARCH, AND RECOGNIZES ENGINEERS' SUPERIOR ACHIEVEMENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • NAE 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.
    Expenses $3,997,411 · grants $3,997,411
  • NAE MEMBER PROGRAMS: ORGANIZATION AND ADMINISTRATION OF THE ANNUAL MEETING AND PUBLICATION OF NAE MEMORIAL TRIBUTES.
    Expenses $1,151,717 · grants $1,151,717 · revenue $227,100
  • 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.
    Expenses $726,632 · grants $726,632
  • SUPPORT FOR NRC AND NAS
    Expenses $357,598 · grants $357,598

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7284092
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1973
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$123,476,393
Income (IRS master file)
$39,565,372

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$10,127,676$10,325,419$123,476,393XML
990-TDecember 2024–––IRS
990December 2023$8,166,111$9,564,828$113,441,226XML
990-TDecember 2023–––IRS
990December 2022$6,453,990$8,938,082$106,510,410IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7284092).

Questions about NATIONAL ACADEMY OF ENGINEERING FUND

What is the EIN of NATIONAL ACADEMY OF ENGINEERING FUND?
The employer identification number (EIN) of NATIONAL ACADEMY OF ENGINEERING FUND is 23-7284092.
Is NATIONAL ACADEMY OF ENGINEERING FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
Are donations to NATIONAL ACADEMY OF ENGINEERING FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NATIONAL ACADEMY OF ENGINEERING FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NATIONAL ACADEMY OF ENGINEERING FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NATIONAL ACADEMY OF ENGINEERING FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NATIONAL ACADEMY OF ENGINEERING FUND?
The 990 for the year ended December 31, 2024 names TSU-JAE KING LIU.
Who are the officers and directors of NATIONAL ACADEMY OF ENGINEERING FUND?
The 990 for the year ended December 31, 2024 lists 21 people; 0 received compensation from the organization.
How much revenue does NATIONAL ACADEMY OF ENGINEERING FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $10,127,676, expenses of $10,325,419 and total assets of $123,476,393 at year end.

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