Nonprofit · EIN 23-7310664
IEEE FOUNDATION INC
Tax-exempt · PISCATAWAY, NJ 08854
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,245,366 | $6,538,091 | $4,707,275 | $84,710,583 | $2,618,530 | $82,092,053 |
| December 31, 2023 | 990 | $10,028,105 | $6,886,885 | $3,141,220 | $76,534,979 | $2,337,297 | $74,197,682 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,819,394
- Program service revenue
- $0
- Investment income
- $2,425,972
- Net gain from sales of assets
- -$570
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,642,444
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $25,228
- Accounting fees
- $46,000
- Occupancy
- $54,431
- Travel
- $202,670
- Program services (functional)
- $5,285,346
- Management and general (functional)
- $1,136,520
- Fundraising (functional)
- $116,225
Balance sheet and other
- Total assets, start of year
- $76,534,979
- Total assets, end of year
- $84,710,583
- Total liabilities, end of year
- $2,618,530
- Net assets, end of year
- $82,092,053
- Publicly traded securities
- $54,959,842
- Net assets without donor restrictions
- $19,961,585
- Net assets with donor restrictions
- $62,130,468
- Gross receipts
- $11,312,035
- Employees
- 0
- Volunteers
- 1,250
- Year formed
- 1973
- State of legal domicile
- NY
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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS R SIEGERT | ASSISTANT TREASURER Officer | 1 | $0 | $587,124 | $58,586 |
| ANTHONY PATANE | ASSISTANT TREASURER Officer | 2 | $0 | $281,723 | $65,018 |
| KAREN A GALUCHIE | ASST SECRETARY & EXEC DIRE Officer | 40 | $0 | $261,103 | $55,315 |
| Christopher Geiger | Treasurer Trustee or director, Officer | 4 | $0 | $0 | $0 |
| Jerry L Hudgins | Vice President, Programs Trustee or director, Officer | 4 | $0 | $0 | $0 |
| John D McDonald | Vice President, Development Trustee or director, Officer | 4 | $0 | $0 | $0 |
| Marko Delimar | Secretary Trustee or director, Officer | 4 | $0 | $0 | $0 |
| Ralph Ford | President Trustee or director, Officer | 4 | $0 | $0 | $0 |
| Alex Acero | Director-at-Large Trustee or director | 2 | $0 | $0 | $0 |
| Howard Michel | Director-at-Large Trustee or director | 2 | $0 | $0 | $0 |
| Karen Panetta | Director-at-Large Trustee or director | 2 | $0 | $0 | $0 |
| Lorena Garcia | Director-at-Large Trustee or director | 2 | $0 | $0 | $0 |
| Mary Ellen Zellerbach | Director-at-Large Trustee or director | 2 | $0 | $0 | $0 |
| Nim Cheung | Director-at-Large Trustee or director | 2 | $0 | $0 | $0 |
| Sarah A Rajala | Director-at-Large Trustee or director | 2 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sarah Spurgeon | Director-at-Large Trustee or director | 2 | $0 |
| Stephen Phillips | Director-at-Large Trustee or director | 2 | $0 |
| Tomy Sebastian | Director-at-Large Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Stephen Welby | FORMER ASST SECRETARY Former | 0 | $0 | $763,963 | $43,500 |
| THOMAS R SIEGERT | ASSISTANT TREASURER Officer | 1 | $0 | $567,622 | $55,191 |
| ANTHONY PATANE | ASSISTANT TREASURER Officer | 2 | $0 | $264,313 | $58,429 |
| KAREN A GALUCHIE | ASST SECRETARY & EXECUTIVE DIRECTOR Officer | 40 | $0 | $249,423 | $50,106 |
| CHRISTOPHER GEIGER | TREASURER Trustee or director, Officer | 4 | $0 | $0 | $0 |
| FRANCISCO MARTINEZ | SECRETARY Trustee or director, Officer | 4 | $0 | $0 | $0 |
| MARKO DELIMAR | VP PROGRAMS Trustee or director, Officer | 4 | $0 | $0 | $0 |
| RALPH FORD | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 | $0 |
| SARAH A RAJALA | VICE PRESIDENT, DEVELOPMENT Trustee or director, Officer | 4 | $0 | $0 | $0 |
| ALEX ACERO | DIRECTOR-AT-LARGE Trustee or director | 2 | $0 | $0 | $0 |
| HOWARD MICHEL | DIRECTOR-AT-LARGE Trustee or director | 2 | $0 | $0 | $0 |
| JERRY L HUDGINS | DIRECTOR-AT-LARGE Trustee or director | 2 | $0 | $0 | $0 |
| JOHN D MCDONALD | DIRECTOR-AT-LARGE Trustee or director | 2 | $0 | $0 | $0 |
| KAREN PANETTA | DIRECTOR-AT-LARGE Trustee or director | 2 | $0 | $0 | $0 |
| MARY ELLEN ZELLERBACH | DIRECTOR-AT-LARGE Trustee or director | 2 | $0 | $0 | $0 |
| NIM CHEUNG | DIRECTOR-AT-LARGE Trustee or director | 2 | $0 | $0 | $0 |
| STEPHEN PHILLIPS | DIRECTOR-AT-LARGE Trustee or director | 2 | $0 | $0 | $0 |
| TOMY SEBASTIAN | DIRECTOR-AT-LARGE Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 445 HOES LN, PISCATAWAY, NJ 08854-4141
- In care of
- % IEEE CONTROLLERS OFFICE
- Principal officer (990 for 2024)
- KAREN A GALUCHIE, 445 HOES LANE, PISCATAWAY, NJ 08854
- Signed the 990
- KELLY ARMSTRONG, ASSISTANT TREASURER
- Phone
- (732) 981-0060
- Website
- WWW.IEEEFOUNDATION.ORG
Mission
To expand the IEEE charitable body of work by inspiring philanthropic engagement that ignites a donor's innermost interests and values.
Program accomplishments
- ENERGIZE: 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.Expenses $2,831,038 · grants $2,304,392
- 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.Expenses $1,139,341 · grants $1,029,097
- 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.Expenses $971,095 · grants $971,095
- ENGAGE: Engaging a wider audience in appreciating the value and importance of engineering and technology through the work of the IEEE History Center to record, archive, and educate the public about the nature of technology and its relationship, both past and present, to society as well as the Life Members Fund, which supports new and exciting opportunities for young engineers and to keep Life Members active.Expenses $342,872 · grants $336,860
- FUTURE: Looking beyond our lifetime to share the destiny of future generations, by ensuring future generations have sufficient and appropriate educational and inspirational programs and services to lay the foundation now. Programs include IEEE WIE and the IEEE Foundation Fund.Expenses $1,000 · grants $1,000
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7310664
- 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
- Category (NTEE)
- Education (B120)
- Assets (IRS master file)
- $84,710,583
- Income (IRS master file)
- $11,312,035
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,245,366 | $6,538,091 | $84,710,583 | IRS |
| 990 | December 2023 | $10,028,105 | $6,886,885 | $76,534,979 | XML |
| 990 | December 2022 | $9,548,823 | $5,689,175 | $68,593,185 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 23-7310664).
Questions about IEEE FOUNDATION INC
- What is the EIN of IEEE FOUNDATION INC?
- The employer identification number (EIN) of IEEE FOUNDATION INC is 23-7310664.
- Is IEEE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to IEEE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IEEE FOUNDATION INC 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 IEEE FOUNDATION INC 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 IEEE FOUNDATION INC 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 IEEE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names KAREN A GALUCHIE.
- Who are the officers and directors of IEEE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
- How much revenue does IEEE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,245,366, expenses of $6,538,091 and total assets of $84,710,583 at year end.
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