Mission: The IEEE Foundation, the philanthropic partner of IEEE, provided US$4.6 Million to enable IEEE programs that transform lives through the power of technology and educ ... (More)
IEEE Foundation is a 501(c)(3) organization, with an IRS ruling year of 1973, and donations are tax-deductible.
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The IRS is significantly delayed in processing nonprofits' annual tax filings (Forms 990). As a result, the Finance & Accountability score for IEEE Foundation is outdated and the overall rating may not be representative of its current operations. Please check with the charity directly for any questions you may have.
out of 100
This charity's score is a passing score.
This overall score is calculated from multiple beacon scores: 85% Finance & Accountability, 10% Leadership & Adaptability, and 5% Culture & Community
Learn about the Encompass Rating System: Overview | FAQ | Release Notes
This score provides an assessment of a nonprofit's financial health (stability, efficiency and sustainability) and its commitment to governance practices and policies.
out of 100
The score earned by IEEE Foundation is a passing score
This V6 of the Finance & Accountability Score provides a baseline measure of an organization's health including the indicators listed in the report below.
This score represents Form 990 data from 2019, the latest year electronically filed and published by the IRS.
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Higher effect on score
More data
The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s). This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver.
Program Expense Percentage | Amount of Credit Received |
---|---|
70% or higher | Full Credit |
60% - 69.9% | Partial Credit |
50% - 59.9% | Zero Points for Program Expense Score |
Below 50% | Zero Points for Both Program Expense AND Liabilities to Assets Scores |
Source: IRS Form 990
Higher effect on score
Charity Navigator looks for at least 3 board members, with more than 50% of those members identified as independent (not salaried).
The presence of an independent governing body is strongly recommended by many industry professionals to allow for full deliberation and diversity of thinking on governance and other organizational matters.
Source: IRS Form 990
Higher effect on score
An Audit, Review, or Compilation provides important information about financial accountability and accuracy. Organizations are scored based on their Total Revenue Amount:
Total Revenue Amount | Expectation to Receive Credit |
---|---|
$1 million or higher | Expected to complete an audit |
$500,000 - $1 million | Expected to complete an audit, review, or compilation |
Less than $500,000 | No expectation (removed from scoring methodology) |
Source: IRS Form 990
Lower effect on score
The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990). This ratio is an indicator of an organization’s solvency and/or long-term sustainability.
Liabilities to Assets Ratio | Amount of Credit Received |
---|---|
Less than 50% | Full Credit |
50% - 59.9% | Partial Credit |
60% or more | No Credit |
Source: IRS Form 990
Lower effect on score
Charity Navigator looks for a website on the Form 990 as an accountability and transparency metric.
Nonprofits act in the public trust and reporting publicly on activities is an important component.
Source: IRS Form 990
Lower effect on score
Charity Navigator looks for the existence of a conflict of interest policy on the Form 990 as an accountability and transparency measure.
This policy protects the organization and by extension those it serves, when it is considering entering into a transaction that may benefit the private interest of an officer, director and/or key employee of the organization.
Source: IRS Form 990
Lower effect on score
Charity Navigator looks to confirm on the Form 990 that the organization has this process in place as an accountability and transparency measure.
An official record of the events that take place during a board meeting ensures that a contemporaneous document exists for future reference.
Source: IRS Form 990
Lower effect on score
Charity Navigator looks for the existence of a document retention and destruction policy per the Form 990 as an accountability and transparency measure.
This policy establishes guidelines for the handling, backing up, archiving and destruction of documents. These guidelines foster good record keeping procedures that promote data integrity.
Source: IRS Form 990
Lower effect on score
Charity Navigator looks for the existence of a whistleblower policy per the Form 990 as an accountability and transparency measure.
This policy outlines procedures for handling employee complaints, as well as a confidential way for employees to report financial or other types of mismanagement.
Source: IRS Form 990
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This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.
Presented here are up to five of this organization's highest compensated employees. This compensation data includes salary, cash bonuses, and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting
Source: IRS Form 990 (page 7), filing year 2019
Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website
Scholarships (other) (BMF activity code: 040)
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15)
Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to view this organization's Forms 990 on the IRS website (if any are available).
Due to the unprecedented nature of the pandemic, we give charities such as this one the opportunity to share the story of COVID's impact on them. Charities may submit their own pandemic responses through their nonprofit portal.
Program Delivery
Fundraising Capacity
Grants Sent
Social distancing and limitations on in-person activities during the pandemic reduced program expenditures during both 2020 and 2021.
While some programs were forced to scale back activities due to social distancing or reduced giving, many pivoted to new delivery models without additional spending. Those that depended upon in-person activities, such as summer camp and travel grants to IEEE conferences, were cancelled.
To support the IEEE response to COVID, the IEEE Foundation CoVId-19 Response Fund was established in 2021, and donors answered the call. Donations distributed to IEEE programs and initiatives ensured a solid base of support for IEEE strategic goals that were impacted by the pandemic. While we were physically separated, a Virtual Spotlight Webinar series was launched in 2020 and expanded in 2021 allowing the IEEE Foundation to connect with our constituents and engage an even wider audience.
The Virtual Spotlight Webinar events we launched were heralded by our community. These will continue into the future. We discovered the value of mixing virtual Board meetings with in-person, which will lower our meeting costs on a going forward basis. Additionally, working remotely surfaced numerous process efficiencies that will continue when we are able to return to in-person work.
Previous: Finance & Accountability / Next: Leadership & Adaptability
This score estimates the actual impact a nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.
IEEE Foundation cannot currently be evaluated by our Encompass Rating Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
Do you work at IEEE Foundation? Join the waitlist for an updated Impact & Results score.
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IEEE Foundation reported its three largest programs on its FY 2019 Form 990 as:
Spent in most recent FY
Percent of program expenses
ENERGIZE: innovation by celebrating technological excellence through the presentation of recognitions to hundreds of individuals for life-transforming work. Programs include IEEE Awards (medals, award ... (More)
Spent in most recent FY
Percent of program expenses
EDUCATE: the next generation of innovators and engineers by nourishing students through academic opportunities such as scholarships, fellowships, travel grants and mentoring and introducing pre-univer ... (More)
Spent in most recent FY
Percent of program expenses
ILLUMINATE: the possibilities of technology by using it to address global challenges through delivery and deployment of innovative sustainable projects that bring electricity, communication, education ... (More)
Previous: Impact & Results / Next: Culture & Community
This score provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.
out of 100
The score earned by IEEE Foundation is a passing score.
Encompass Rating V4 provides an evaluation of the organization's Leadership & Adaptability through the nonprofit organization submitting a survey response directly to Charity Navigator.
The nonprofit organization presents evidence of strategic thinking through articulating the organization’s mission
The IEEE Foundation inspires an engaged community and leverages the generosity of donors to enable IEEE programs that enhance technology access, literacy, and education and supports the IEEE professional community.
Source: Nonprofit submitted responses
The nonprofit organization presents evidence of strategic thinking through articulating the organization’s vision.
The IEEE Foundation is a leader in transforming lives through the power of technology and education.
Source: Nonprofit submitted responses
The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.
Goal One: Inspire philanthropic investment in IEEE programs.
Goal Type: Grow, expand, scale or increase access to the existing programs and services.
Goal Two: Effectively manage donations entrusted to the IEEE Foundation.
Goal Type: Invest in the capacity of our organization (financial, management, technical, etc.).
Goal Three: Examine and Invest in IEEE Programs.
Goal Type: Focus on core programs to achieve mission and scale back on programs not seen as core.
Source: Nonprofit submitted responses
The nonprofit provides evidence of investment in leadership development
Educational sessions that cover a wide array of non-profit management, strategy and leadership topics are routinely integrated into the IEEE Foundation Board meetings. All staff are encouraged to complete 40 hours of professional development annually and join/participate in professional associations.
Source: Nonprofit submitted responses
The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.
Strategic Partnerships
Thought Leadership
Raising Awareness
In partnership with our IEEE donor supported programs, partnerships are sought and sustained with groups like the American Red Cross, UNESCO, ITEEA and others. The IEEE Foundation utilizes numerous print and digital (website, social media, email) outreach methodologies to bring our mission to a wider audience. Our Board members and staff routinely speak at IEEE and other conferences.
Source: Nonprofit submitted responses
The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.
During 2020 and 2021, our world faced an unprecedented crisis in the form of COVID-19. The scope is global in nature, with every individual on the planet impacted. As the world worked to find its way through the crisis, the IEEE Foundation embraced the challenge with the help of the resilient, generous, & creative people that make up the IEEE community. Our professional staff adapted to a hybrid working model, finding innovative ways to operate the business and empower, assist, & cheer our donor supported program partners as they delivered programs also leveraging a hybrid approach. The IEEE Foundation Board adopted a virtual meeting structure and cadence ensuring continuity of operation. Of particular note in light of other world events was the adoption of stronger Misconduct Policies, which better defines ethical behavior, enhances procedures for filing & adjudication complaints, and protects staff, volunteers and program beneficiaries from inappropriate or discriminatory behavior. The IEEE Foundation COVID-19 Response Fund was created in 2020 to ensure a solid base of support was available for IEEE strategic goals that were impacted by the pandemic. More than $50,000 was raised and invested during 2020 and 2021 in seven projects with objectives ranging from helping educators adapt to remote teaching to understanding how the pandemic affected global electric demand. A Spotlight Webinar series was launched in 2020 to connect with our constituents and expended in 2021. These events, heralded by the community, will remain a core part of our operation well into the future. Throughout this challenging time, the hard work, talent & treasure contributed by dedicated donors, volunteers & staff enabled our support of programs that advance technology for the benefit of humanity to thrive.
Source: Nonprofit submitted responses
Previous: Leadership & Adaptability
This score provides an assessment of the organization's culture and connectedness to the community it serves. Learn more about how and why we rate Culture & Community.
out of 100
IEEE Foundation has earned a passing score. The organization provided data about how it listens to constituents (Constituent Feedback) (see report below).
The Culture & Community Beacon is comprised of the following metrics:
Constituent Feedback: 100/100 (100% of beacon score)
Diversity, Equity, & Inclusion: Not Scored
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This organization has not provided information regarding the diversity, equity and inclusion (DEI) practices it is presently implementing. As such, the organization has not earned a score on this metric. Charity Navigator believes nonprofit organizations implementing effective DEI policies and practices can enhance a nonprofit's decision-making, staff motivation, innovation, and effectiveness.
We are utilizing data collected by Candid to document and assess the DEI practices implemented by the organization. Nonprofit organizations are encouraged to fill out the Equity Strategies section of their Candid profiles to receive a rating.
Learn more about the methodology.
100% of beacon score
This organization reported that it is collecting feedback from the constituents and/or communities it serves. Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people and communities they serve, may be more effective.
We've partnered with Candid to survey organizations about their feedback practices. Nonprofit organizations can fill out the How We Listen section of their Candid profile to receive a rating.
Learn more about the methodology.
Like the overall Encompass Rating System, the Culture & Community Beacon is designed to evolve as metrics are developed and ready for integration. Below you can find more information about the metrics we currently evaluate in this beacon and their relevance to nonprofit performance.
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