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What it reported doing in 2024

MEMBERSHIP AND PUBLIC IMPERATIVES: IEEE is a public charity with a global presence, but its impact begins at the local level driven by dedicated members and volunteers committed to improving lives and communities worldwide. IEEE serves as the home where like-minded and passionate individuals join together and help push technology to new frontiers. With 347 sections and more than 2,800 chapters worldwide, IEEE facilitates the active participation of thousands of members and volunteers, who help contribute to the IEEE mission. In 2024, IEEE had a total of 486,616 members, from more than 190 countries worldwide, including 187,717 student members and 434,375 society members from the 39 technical societies. In 2024 IEEE members and volunteers collaborated with leading organizations and continued delivering on technological advancements and solutions to address the world's most pressing challenges to shape a better future. EDUCATIONAL EFFORTS: IEEE continues to lead in the area of engineering and technology education, offering comprehensive resources across all stages of learning: pre-university, university, and continuing professional education. Through innovative STEM initiatives, pre-university outreach, and recognition programs for engineering professionals and faculty, IEEE fosters a culture of lifelong learning and inspire the next generation of engineers. A) The IEEE TryEngineering program empowers educators to foster the next generation of technology innovators through a robust library of over 130 lesson plans. The TryEningeering Summer Institute offered nine-day hands-on engineering experiences for 330 high school students at three U.S. college campuses: University of Pennsylvania, Rice University, and University of San Diego. B) IEEE-Eta Kappa Nu (HKN) encourages and recognizes excellence in education and contributions to society through leadership in the IEEE technical fields of interest worldwide, hosting 748 engineering workshops and contributing 104,000 volunteer hours to support universities and local communities in 2024. C) The 2024 IEEE International Science and Engineering Fair awarded three IEEE Presidents' Scholarships each worth $10,000 for their outstanding innovative and sustainable technological projects: autonomous unmanned aerial vehicle system for ocean rescue, a soil carbon tracking device, and a mobile app that help ALS patients type sentences with only their eyes. D) IEEEXtreme 18.0 Programming Competition, a global 24-hour programming challenge, attracted over 19,900 students competing to solve real-world programming problems. The competition continues to be popular with the next generation of technologist with more than 8,500 teams across 75 countries participating. TECH ETHICS: IEEE continues to be very active in the intersection between technology and ethics. The IEEE TechEthics website (https://techethics.ieee.org/) provides access to technology ethics resources and information from across IEEE including education modules, articles, session recordings and ethics frameworks. HUMANITARIAN EFFORTS WORLDWIDE: IEEE Humanitarian Technologies is IEEE's Tech for Social Impact Hub for all humanitarian-related activities across IEEE, supported by a global network of volunteers and technical professionals. A) IEEE Empower a Billion Lives Competition brought together 575 teams across 75 countries to develop technological and sustainable innovations aimed at improving the lives of people in underdeveloped communities that make less than $2.15 per day. B) The IEEE Access & Abilities Competition provided financial support to a student team in developing a technological device that helped more than 150 children with hearing aids and cochlear implants learn Tamil in India. C) The IEEE REACH expanded free online, educational resources for pre-university educators to Africa, raising students' awareness of and interest in STEM in underdeveloped countries. D) Through the IEEE SA Foundational Technologies Practice, 200

Financial Efficiency

• Mission deployment rate: 86.3%; rating input score 86
• Program expense ratio: 96.6%; rating input score 97
• Fundraising efficiency: $1.44 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Limited
  • Conducts field audits: Limited
  • May suspend future funding: Limited
  • Requires financial reports: Limited
  • Conducts site visits: Limited
  • Requires grant agreements: Limited
  • May require repayment: Limited
• Grant itemization coverage: 97.5%; rating input score 98; 33rd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 16%; rating input score 83; 83rd percentile among comparable filings
• Total-asset coverage ratio: 2.49; rating input score 70; 70th percentile among comparable filings
• Liabilities to assets ratio: 0.21; rating input score 67; 67th percentile among comparable filings
• Officer compensation ratio: 1.3%; rating input score 68; 68th percentile among comparable filings

Growth

• Program expense growth: 2.2% per year; rating input score 100; 17th percentile among comparable filings
• Revenue growth: 4% per year; rating input score 100; 33rd percentile among comparable filings
• Asset growth: 9.2% per year; rating input score 100; 66th percentile among comparable filings