Society Of Explosives Engineers Education Foundation
- Assets
- $3.0m
- Revenue
- $95.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Warrensville Heights, OH
- Founding
- 02/1996
- Data as of
- 09/2021
- EIN
- 34-1739106
Organization Overview
Society Of Explosives Engineers Education Foundation is located in Warrensville Heights, OH. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Explosives Engineers Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Society Of Explosives Engineers Education Foundation generated $95.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $104.7k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SEE EDUCATION FOUNDATION WAS CREATED TO SERVE THE LONG-TERM EDUCATION INTERESTS OF THE EXPLOSIVES INDUSTRY THROUGH THE DEVELOPMENT OF EDUCATION AND TRAINING MATERIALS, CHAMPIONING THE INCLUSION OF EXPLOSIVES INSTRUCTION IN ENGINEERING CURRICULA AND AWARDING SCHOLARSHIPS TO ELIGIBLE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS & FACLILATATION OF RESEARCH PROJECTS: THE ISEE SCHOLARSHIP FUND AWARDS SCHOLARSHIPS TO COLLEGE STUDENTS PURSUING A TECHNICAL, UNDERGRADUATE, MASTERS OR DOCTORATE DEGREE IN FIELDS RELATED TO THE COMMERCIAL EXPLOSIVES INDUSTRIES. TO DATE, THE SEE FOUNDATION SCHOLARSHIP FUND HAS AWARDED MORE THAN $1,00,000 TO OVER 500 STUDENTS.THE FOUNDATION IS IN A UNIQUE POSITION TO ASSIST IN PROMOTING, DIRECTING AND MONITORING RESEARCH PROJECTS FOR THE BENEFIT OF THE COMMERCIAL EXPLOSIVES INDUSTRY.
PROFESSIONAL DEVELOPMENT AND TRAINING: WHETHER YOU'RE LOOKING FOR RETRAINING CREDIT HOURS OR TO DEEPEN YOUR KNOWLEDGE IN NEW FACETS OF THE BLASTING WORLD, THE PROFESSIONAL DEVELOPMENT AND ONLINE TRAINING PROGRAMS WILL PUT YOU ON THE PATH FOR CAREER DEVELOPMENT AND HELP YOU STAY CURRENT WITH RETRAINING AND REFRESHER HOURS. OUR ONLINE TRAINING OPTIONS WILL HELP START YOUR PROFESSIONAL DEVELOPMENT TODAY.DEVELOPED BY INDUSTRY PROFESSIONALS, THE WORLD OF EXPLOSIVES IS A WEBSITE THAT TACKLES SAFETY, THE MOST FREQUENTLY ASKED QUESTIONS FROM HOMEOWNERS, HOW VIBRATIONS AFFECT STRUCTURES AND ALL THE PLANNING THAT GOES INTO EACH BLAST. THE WORLD OF EXPLOSIVES EVEN HAS 30 MINUTES OF VIDEOS COVERING BLASTING AND VIBRATION. IT'S THE PERFECT RESOURCE FOR BLASTING PROFESSIONALS AND HOMEOWNERS.
EXPLOSIVES USERS REFERENCE LIBRARY & MUSEUM: THE FOUNDATION PROVIDES A REPOSITORY OF CURRENT AND HISTORIC INFORMATION THROUGH ITS EXPLOSIVES USERS REFERENCE LIBRARY THAT INCLUDES THOUSANDS OF BOOKS, ARTICLES, PERIODICALS, PHOTO RESOURCES, STANDARDS, TRAINING MATERIALS, MAPS AND EXPLOSIVES ARTIFACTS AND ARCHIVED PUBLICATIONS AT ITS HEADQUARTERS IN CLEVELAND.THE FOUNDATION HAS AN ONGOING PROGRAM TO COLLECT EXPLOSIVES ARTIFACTS (OLD BLASTING MACHINES, FUSE CUTTERS, CRIMPING TOOLS, ETC.) AND HISTORIC LIBRARY MATERIALS (FILMS, PHOTOGRAPHS, TAPES, MAPS, BOOKS, ETC.), TO ULTIMATELY BE ON DISPLAY FOR THE INDUSTRY AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John T Watson Treasurer | OfficerTrustee | 1 | $0 |
Alastair C Torrance President | OfficerTrustee | 3 | $0 |
Janeen T Smith VP - Technical | OfficerTrustee | 3 | $0 |
Braden T Lusk VP - Administration | OfficerTrustee | 1 | $0 |
Kristen N Kolden Secretary | OfficerTrustee | 1 | $0 |
James P Daley Immediate Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,742 |
| Total Program Service Revenue | $0 |
| Investment income | $55,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $99,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,310 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $104,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,163 |
| Savings and temporary cash investments | $951 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,972,040 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,989,154 |
| Accounts payable and accrued expenses | $14,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,748 |
| Total liabilities | $22,748 |
| Net assets without donor restrictions | $1,031,161 |
| Net assets with donor restrictions | $1,935,245 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,989,154 |
Grants Awarded
Over the last fiscal year, Society Of Explosives Engineers Education Foundation has awarded $29,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MISSOURI UNIV SCIENCE & TECH (6) PURPOSE: SCHOLARSHIP FUNDS | $14,500 |
UNIVERSITY OF KENTUCKY (7) PURPOSE: SCHOLARSHIP FUNDS | $9,500 |
VIRGINIA TECH (6) PURPOSE: SCHOLARSHIP FUNDS | $5,500 |
Endowment Analysis
| Beg. Balance | $1,660,113 |
| Earnings | $359,640 |
| Net Contributions | $14,742 |
| Grants | $99,250 |
| Ending Balance | $1,935,245 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |