Sme Education Foundation

“Form 990, part iii, line 4d educational websites and events (inspire), for the purpose of inspiring youth to consider future careers in engineering and manufacturing. Projects funded included the manufacturing is cool and careerme websites and sponsorship of 3d printing and computer-aided design projects for middle and high school students.”

“Form 990, Part VI, Line 6 SME is the sole shareholder.”

“Form 990, Part VI, Line 7a All elected directors are approved by the SME executive compensation committee, and serve at the pleasure of the shareholder, SME.”

“Form 990, Part VI, Line 7b The SME-EF bylaws are reviewed and approved by the SME Executive Compensation Committee.”

“Form 990, Part VI, Line 11b SME and SME-EF utilize an independent accounting firm to complete the Form 990 and related schedules. A detailed review of the Federal Form 990 was performed by the Vice President, Finance, the Chief Financial Officer of SME and SME EF. When the return was finalized, it was presented to the Chief Executive Officer, for discussion and review, where all comments were addressed. The return was then presented to the SME/SME EF's combined Audit Committee of the Board of Directors for approval, as delegated per the governing bodies. The signed return was made available to all board members prior to filing.”

“FORM 990, PART VI, LINE 12C All employees sign a disclosure form when they are hired, and are reminded of the policy annually. If a conflict arises, they are evaluated by the Senior Manager of Human Resources and the Executive Director. Corrective action is taken if required.”

“Form 990, Part VI, Lines 15a and 15b All SME-EF staff are employed by SME, which also provides access to employee benefit plans. SME-EF reimburses SME for its employee costs. Benchmark studies have been performed when determining the compensation to be paid to the SME CEO/Executive Director and all top management. A third party performed an independent assessment using multiple local and national surveys. Target compensation is based on these benchmark studies. The Executive Compensation Committee conducts an annual performance review for the CEO/Executive Director against previously set objectives. The CEO/Executive Director conducts an annual performance review of all top management against previously set objectives. Merit increases are awarded annually by the Executive Compensation Committee for the CEO/Executive Director and all top management, based on performance reviews. Executive incentives are awarded based on the Executive Incentive Plan.”

“FORM 990, PART VI, LINE 19 SME-EF makes their conflict of interest policy, articles of incorporation and audited financial statements available to the general public upon request. Normally electronic copies are provided; however, printed copies are also available.”

“Form 990, part vii, section a and schedule j, part ii the executive director & ceo and director of finance provides services to both sme-ef and society of manufacturing engineers, a related organization who also serves as the common paymaster. Additionally, the director, sme-ef and educational programs officer perform work solely for sme-ef, but are compensated by society of manufacturing engineers. Compensation for these individuals on part vii, section a and schedule j, part ii has been allocated based off the hours of work performed for each organization.”

“Form 990, part xi, line 9 returned grants and scholarships: $34,611 revaluation of charitable gift annuity obligations: ($64,251) ----------- total (29,640)”