ABET FOUNDATION INC

Address
415 NORTH CHARLES STREET
BALTIMORE, MD 21201
Contact
Website: http://abetfoundation.org
Phone: +1 (410) 347-7700
Nonprofit
NTEE: U11 - Single Organization Support
EIN: 26-3542581

Mission

TO ADVANCE, PROMOTE, AND SUPPORT THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES OF ABET BY 1)CREATING, SUSTAINING, AND MANAGING AN ENDOWMENT FUND FOR ABET 2) ORGANIZING AND OPERATING A EDUCATIONAL SERVICE FOR DOMESTIC AND NON-DOMESTIC INSTITUTIONS AND PROGRAMS ASPIRING TO MEET ABET STANDARDS 3)ASSISTING OTHER COUNTRIES AND NON-DOMESTIC AGENCIES IN DEVELOPING ACCREDITATION SYSTEMS FOR SCIENTIFIC AND TECHNICAL EDUCATION PROGRAMS 4)SUPPORTING RESEARCH ACTIVITIES RELATED TO THE GOALS AND ACTIVITIES OF ABET 5)PROVIDING OTHER SERVICES OR ENGAGING IN ACTIVITIES THAT ARE CLOSELY RELATED IN PURPOSE OR FUNCTION TO ABET.
 20162015201420132012
Basic features of the organization
Year of formation2008
Subsection code03
PF filing required0    
Metropolitan statistical area8872
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00 
Number of employees0000 
Number of people compensated >$100k0000 
Number of volunteers8933 
Number of highly compensated contractors0000 
Personnel
Anderson, Richard
Title SECRETARY/TREASURERPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated person RICHARD O ANDERSONRICHARD O ANDERSONRICHARD O ANDERSONRICHARD O ANDERSON
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Current officer TrueTrueTrue 
Officer, director, trustee, or key employee    True
Average hours per week working for org 0.604.004.00 
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Borrowman, Phillip
TitleCHAIRCHAIR   
Name of key/compensated personPHILLIP BORROWMANPHILLIP BORROWMAN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Bradley, Daniel
TitleDIRECTORDIRECTOR   
Name of key/compensated personDANIEL BRADLEYDANIEL BRADLEY   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.250.25   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Clark, Willaism
Title  DIRECTORDIRECTOR 
Name of key/compensated person  WILLAISM S CLARKWILLAISM S CLARK 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  1.001.00 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Clark, William
Title    DIRECTOR
Name of key/compensated person    WILLIAM S CLARK
Officer, director, trustee, or key employee    True
Reportable compensation from org    $0.00
Fletcher, Ls
Title DIRECTOR   
Name of key/compensated person LS FLETCHER   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0.25   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Glazer, Elizabeth
TitleSECRETARY/TREASURERDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personELIZABETH GLAZERELIZABETH GLAZERELIZABETH GLAZERELIZABETH GLAZER 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Current officerTrue    
Average hours per week working for org0.600.601.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Herrick, Robert
TitleDIRECTOR    
Name of key/compensated personROBERT HERRICK    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.25    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Holger, David
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personDAVID K HOLGERDAVID K HOLGERDAVID HOLGERDAVID HOLGERDAVID HOLGER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Officer, director, trustee, or key employee    True
Average hours per week working for org0.250.251.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Phillips, Winfred
TitleDIRECTORDIRECTOR   
Name of key/compensated personWINFRED PHILLIPSWINFRED PHILLIPS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.250.25   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Phillips, Winifred
Title  DIRECTORDIRECTORDIRECTOR
Name of key/compensated person  WINIFRED PHILLIPSWINIFRED PHILLIPSWINIFRED PHILLIPS
Position of compensated person
Current individual trustee or director  TrueTrue 
Officer, director, trustee, or key employee    True
Average hours per week working for org  1.001.00 
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Seagrave, Richard
Title  SECRETARY/TREASURERSECRETARY/TREASURERSECRETARY/TREASURER
Name of key/compensated person  RICHARD C SEAGRAVERICHARD C SEAGRAVERICHARD C SEAGRAVE
Position of compensated person
Current individual trustee or director  TrueTrue 
Current officer  TrueTrue 
Officer, director, trustee, or key employee    True
Average hours per week working for org  2.002.00 
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Turner, Joseph
Title  DIRECTORDIRECTORDIRECTOR
Name of key/compensated person  JOSEPH TURNERJOSEPH TURNERJOSEPH TURNER
Position of compensated person
Current individual trustee or director  TrueTrue 
Officer, director, trustee, or key employee    True
Average hours per week working for org  1.001.00 
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Walsh, Pat
TitleDIRECTORDIRECTOR   
Name of key/compensated personPAT WALSHPAT WALSH   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.250.25   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Watson, Karan
TitleDIRECTORDIRECTOR   
Name of key/compensated personKARAN WATSONKARAN WATSON   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.250.25   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO ADVANCE, PROMOTE, AND SUPPORT THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES OF ABET BY 1)CREATING, SUSTAINING, AND MANAGING AN ENDOWMENT FUND FOR ABET 2) ORGANIZING AND OPERATING A EDUCATIONAL SERVICE FOR DOMESTIC AND NON-DOMESTIC INSTITUTIONS AND PROGRAMS ASPIRING TO MEET ABET STANDARDS 3)ASSISTING OTHER COUNTRIES AND NON-DOMESTIC AGENCIES IN DEVELOPING ACCREDITATION SYSTEMS FOR SCIENTIFIC AND TECHNICAL EDUCATION PROGRAMS 4)SUPPORTING RESEARCH ACTIVITIES RELATED TO THE GOALS AND ACTIVITIES OF ABET 5)PROVIDING OTHER SERVICES OR ENGAGING IN ACTIVITIES THAT ARE CLOSELY RELATED IN PURPOSE OR FUNCTION TO ABET.TO ADVANCE, PROMOTE, AND SUPPORT THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES OF ABET BY 1)CREATING, SUSTAINING, AND MANAGING AN ENDOWMENT FUND FOR ABET 2) ORGANIZING AND OPERATING A EDUCATIONAL SERVICE FOR DOMESTIC AND NON-DOMESTIC INSTITUTIONS AND PROGRAMS ASPIRING TO MEET ABET STANDARDS 3)ASSISTING OTHER COUNTRIES AND NON-DOMESTIC AGENCIES IN DEVELOPING ACCREDITATION SYSTEMS FOR SCIENTIFIC AND TECHNICAL EDUCATION PROGRAMS 4)SUPPORTING RESEARCH ACTIVITIES RELATED TO THE GOALS AND ACTIVITIES OF ABET 5)PROVIDING OTHER SERVICES OR ENGAGING IN ACTIVITIES THAT ARE CLOSELY RELATED IN PURPOSE OR FUNCTION TO ABET.TO ADVANCE, PROMOTE, AND SUPPORT THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES OF ABET BY 1)CREATING, SUSTAINING, AND MANAGING AN ENDOWMENT FUND FOR ABET 2) ORGANIZING AND OPERATING A EDUCATIONAL SERVICE FOR DOMESTIC AND NON-DOMESTIC INSTITUTIONS AND PROGRAMS ASPIRING TO MEET ABET STANDARDS 3)ASSISTING OTHER COUNTRIES AND NON-DOMESTIC AGENCIES IN DEVELOPING ACCREDITATION SYSTEMS FOR SCIENTIFIC AND TECHNICAL EDUCATION PROGRAMS 4)SUPPORTING RESEARCH ACTIVITIES RELATED TO THE GOALS AND ACTIVITIES OF ABET 5)PROVIDING OTHER SERVICES OR ENGAGING IN ACTIVITIES THAT ARE CLOSELY RELATED IN PURPOSE OR FUNCTION TO ABET.TO PROMOTE RESPONSIBLE AND EFFECTIVE POLITICAL AND COMMUNITY INVOLVEMENT BY BUSINESSES. 
Primary exempt purpose    TO ADVANCE, PROMOTE, AND SUPPORT THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES OF THE ACCREDITATION BOARD FOR ENGINEERING AND TECHNOLOGY, INC. (ABET) OR OTHER SERVICES WHICH ARE CLOSELY RELATED IN PURPOSE OR FUNCTION TO ABET AND TO RECEIVE GIFTS AND GRANTS ON ITS BEHALF. THE ABET FOUNDATION CONDUCTS IMPROVEMENT WORKSHOPS AND CONSULTING SERVICES TO CONSTITUENTS GLOBALLY. THE ORGANIZATION IS SUPPORTED PRIMARILY BY WORKSHOP, CONSULTANCY FEES AND DONATIONS.
Program service expenses, total$158,624.00$316,925.00$158,266.00$209,608.00$114,808.00
Programs, including revenue & expenses
PROVIDE SUPPORT FOR ABET, INC. LEARNING CENTER.
Program expenses $100,000.00   
Grants and allocations made $100,000.00   
Program description PROVIDE SUPPORT FOR ABET, INC. LEARNING CENTER.   
THE ABET FOUNDATION CONDUCTS IMPROVEMENT WORKSHOPS AND CONSULTING SERVICES TO CONSTITUENTS GLOBALLY.
Program expenses$158,624.00$216,925.00$158,266.00$209,608.00 
Program descriptionTHE ABET FOUNDATION CONDUCTS IMPROVEMENT WORKSHOPS AND CONSULTING SERVICES TO CONSTITUENTS GLOBALLY.THE ABET FOUNDATION CONDUCTS IMPROVEMENT WORKSHOPS AND CONSULTING SERVICES TO CONSTITUENTS GLOBALLY.THE ABET FOUNDATION CONDUCTS IMPROVEMENT WORKSHOPS AND CONSULTING SERVICES TO CONSTITUENTS GLOBALLYTHE ABET FOUNDATION CONDUCTS IMPROVEMENT WORKSHOPS AND CONSULTING SERVICES TO CONSTITUENTS GLOBALLY 
Financial data
Revenue
Total revenue$236,102.00$275,682.00$255,591.00$358,644.00$152,513.00
Revenue from contributions (total)$29,149.00$107,869.00$102,546.00$62,346.00$38,175.00
Investment income, current yr$0.00$0.00$0.00$0.00 
Total revenue from grants, etc., current yr$29,149.00$107,869.00$102,546.00$62,346.00 
Total unrelated business revenue$0.00$0.00$0.00$0.00 
Other revenue, current yr$183.00$63.00$61.00$48.00 
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00 
Program service revenue (total)$206,770.00$167,750.00$152,984.00$296,250.00$114,338.00
Gross receipts$236,102.00$275,682.00$255,591.00$358,644.00 
Sources of contributions
Revenue from all other contributions$29,149.00$107,869.00$102,546.00$62,346.00 
Other types of revenue
Miscellaneous revenue (total)$183.00$63.00$61.00$48.00 
Net rental income $0.00$0.00$0.00 
Expense categories (totals)
Total functional expenses: sum of all$192,296.00$335,979.00$195,119.00$249,534.00 
Total functional expenses: program service $158,624.00$316,925.00$158,266.00$209,608.00 
Total functional expenses: management and general$33,672.00$19,054.00$36,853.00$39,926.00 
Total functional expenses: fundraising$0.00$0.00$0.00$0.00 
Fees for services
Legal fees (total)   $1,800.00 
Fundraising service fees (total)$0.00$0.00$0.00$0.00 
General management fees (total)$25,394.00$8,653.00$29,200.00$29,196.00 
Assets and liabilities
Total assets$350,983.00$159,113.00$258,849.00$260,510.00$68,365.00
Total assets, beginning of year$159,113.00$258,849.00$260,510.00$68,365.00$56,466.00
Total liabilities$162,892.00$14,828.00$54,267.00$116,446.00$33,411.00
Total liabilities, beginning of year$14,828.00$54,267.00$116,400.00$33,411.00$51,325.00
Pledges & accounts receivable, net$9,575.00$13,755.00   
Unrestricted net assets, end of yr$159,327.00$112,664.00$156,707.00$144,064.00 
Temporarily restricted net assets$28,764.00$31,621.00$47,875.00  
Net assets$188,091.00$144,285.00$204,582.00$144,064.00$34,954.00
Net assets, beginning of year$144,285.00$204,582.00$144,110.00$34,954.00 
Other liabilities$110,766.00$8,653.00$31,159.00$35,352.00 
Cash: non-interest bearing$246,528.00$100,634.00$171,941.00$216,174.00 
Cash: non-interest bearing, beginning of year$100,634.00$171,941.00$216,174.00$13,862.00 
Other financial variables
Revenue less expenses$43,806.00-$60,297.00$60,472.00$109,110.00 
Accounts receivable, net$93,281.00$43,027.00$85,273.00$43,723.00 
Prepaid expenses & deferred charges$1,599.00$1,697.00$1,635.00$613.00 
Accounts payable & accrued expenses$52,126.00$6,175.00$23,108.00$57,324.00 
Deferred revenue   $23,770.00 
Total net assets or fund balances$188,091.00$144,285.00$204,582.00$144,064.00 
Governance and accountability
Number of voting members8977 
Number of independent voting members8977 
Financial sheets audited TrueTrue  
Cash accounting    True
Accrual accountingTrueTrueTrueTrue 
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5k True   
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990EZ
Reason for form submission
Address change   True 
Amended return True   
Date e-filing submitted2018-01-022017-08-162015-10-022014-10-222013-11-29
IRS schema version2016v3.02015v3.02014v5.02013v3.02012v2.1
Filing identifier201713189349311301201720889349300642201542299349301444201441759349300804201342269349201189
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