Institute of Electrical and Electronics Engineers Inc

EIN: 131656633 501(c)(3) Education

PISCATAWAY, NJ

Total Revenue
$714,064,929
Total Expenses
$600,137,430
Total Assets
$1,493,325,312
Net Assets
$1,176,381,001
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1896
Legal Domicile
NY
Phone
7329810060
Tax Period
2024-01-01 to 2024-12-31

Institute of Electrical and Electronics Engineers Inc, founded in 1896, is a major nonprofit in the Education sector that reported $714.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $113.9M, a strong 16% operating margin.

Mission

MISSION STATEMENT: IEEE's core purpose is to foster technological innovation and excellence for the benefit of humanity. VISION STATEMENT: IEEE will be essential to the global technical community and to technical professionals everywhere, and be universally recognized for the contributions of technology and of technical professionals in improving global conditions.

Program Service Accomplishments

Program 1
Expenses: $197,871,543 Revenue: $242,812,522

Conferences: In 2024, IEEE conferences highlighted groundbreaking research and emerging technologies, reflecting the organization's unwavering dedication to fostering innovation, exploration and...

Read more

Conferences: In 2024, IEEE conferences highlighted groundbreaking research and emerging technologies, reflecting the organization's unwavering dedication to fostering innovation, exploration and collaboration across the global technical community. Virtual, in-person, and hybrid options provide collaboration opportunities, access to cutting edge technical literature, resources for continuing education, and innovative collaboration. In 2024, IEEE sponsored 2,260 conferences with 609,000 attendees. The IEEE International Conference on Robotics and Automation (ICRA) was hosted in Yokohama, Japan, featuring the most influential and innovative figures in robotics and automation through plenary speeches, workshops, and other interactive activities. Over 10 IEEE societies and groups collaborated at the IEEE Quantum Week to deliver live exhibits, world-class keynote speakers, technical papers, and community-building workshops. The event aimed to close the gap between quantum computing science and the industry emerging around it. Exploring AI's Impact on the Future of Work: At CES 2024, IEEE members from industry and academia participated in a panel discussion on how the evolving tech landscape is reshaping the world and how educational institutions can prepare students to succeed. IEEE established the world's first engineering ethics code in 1912 and has since been at the forefront of updating ethics considerations in engineering, computer science and the emerging field of AI ethics. The IEEE Jamaica Section hosted a workshop at the University of Technology, Jamaica, focused on expanding access to quality engineering opportunities in the country. The event attracted over 200 participants, including local IEEE members, high school and college students and representatives from academia, industry, and government-including the Minister of Education.

Program 2
Expenses: $193,763,753 Revenue: $284,430,938

Periodicals: The IEEE Xplore(R) Digital Library is one of the world's largest collections of technical literature in engineering, computer science and related technologies with over 6.5 million...

Read more

Periodicals: The IEEE Xplore(R) Digital Library is one of the world's largest collections of technical literature in engineering, computer science and related technologies with over 6.5 million documents available in its vast repository. In 2024, IEEE published 307,248 conference papers and 102,163 journal and magazine articles. IEEE continues to deliver groundbreaking research in its industry-leading publications and share its technical expertise around the world on the technologies that will shape the future. IEEE continues to evolve its publishing processes to maintain integrity of the scholarly record. IEEE has launched an initiative to detect plagiarism, inappropriate citations, and the misuse of artificial intelligence, collaborating with other publishers to address these industry-wide challenges. The 2024 study conducted by 1790 Analytics reveals that patents building upon IEEE-published research have higher citations than patents without. IEEE technology patents are cited three times more than any other publishers, with referencing of IEEE papers increased by 864% since 1997. IEEE Expands Open Access Portfolio: IEEE continues to offer multiple publishing options for its author community, including expanding its open access offerings (hybrid journals, fully open access journals, and IEEE Access). In 2024, new gold open access journals covered diverse fields from privacy, and data description, to selected areas in sensors. IEEE maintains its position as one of the top publishers of science and technology journals, continuing to be a trusted source for communicating quality technical information that will help inspire and share the next breakthrough technologies.

Program 3
Expenses: $134,885,459 Revenue: $50,621,182

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...

Read more

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 villages in Kerala and Karnataka have been connected to the internet including digitizing classrooms through Wi-Fi access. The program provides Wi-Fi training and translating the Wi-Fi training content into five local Indian languages delivered through the IEEE Blended Learning Program. IEEE's Mobile Outreach Vehicle (MOVE) continues its mission to assist victims of natural disasters where volunteers provided critical communications infrastructure and support to federal resource centers and American Red Cross responders working in impacted communities. In 2024 IEEE MOVE USA assisted in emergency responses across Florida, New Mexico, North Carolina, and Texas. IEEE TECHNOLOGY FOR A SUSTAINABLE CLIMATE: IEEE is committed to fostering technology for a sustainable climate by optimizing resource efficiency through pragmatic and accessible technical solutions, and by providing engineers and technologists with a neutral space for discussion and action. A) IEEE Technology for a Sustainable Climate fosters collaboration and knowledge sharing with leading institutions to explore and implement technology to support a sustainable climate. B) IEEE's Technology for a Sustainable Climate website (https://sustainable-climate.ieee.org/) makes IEEE resources on climate technology broadly accessible, allowing members and non-members to collaborate, participate, and engage with the IEEE community. C) IEEE Future Directions SusTech Initiative hosted a workshop driving for low-carbon building materials and sustainable architecture. This event was part of the broader effort led by the IEEE Technology Center for Climate to accelerate sustainable innovations and promote environmentally responsible engineering practices.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,727,997
Program Service Revenue $629,466,450
Investment Income $73,246,443
Other Revenue $7,624,039
TOTAL REVENUE $714,064,929

Expense Breakdown

Grants Paid $7,398,726
Salaries & Benefits $222,207,183
Fundraising Expenses $2,583,019
Program Expenses $579,972,410
Other Expenses $370,501,521
TOTAL EXPENSES $600,137,430

Year-over-Year Comparison

2024 2023 Change
Revenue $714,064,929 $650,214,983 +0.1%
Expenses $600,137,430 $534,932,193 +0.1%
Net Income $113,927,499 $115,282,790 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
31
Independent Members
31
Employees
1272
Volunteers
100000

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$1,795,214
Total Directors
31
$0
Key Employees
7
$3,389,338
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Deepak Mathur Director & Vice President, Member & Geographic Activities 10.0
Officer Director
$0 $0 $0
Forrest D Wright Director & Secretary 10.0
Officer Director
$0 $0 $0
Gerardo Barbosa Director & Treasurer 10.0
Officer Director
$0 $0 $0
Kathleen A Kramer IEEE President-Elect 10.0
Officer Director
$0 $0 $0
Keith A Moore Director & President IEEE-USA 10.0
Officer Director
$0 $0 $0
Manfred J Schindler Director & Vice President, Technical Activities 10.0
Officer Director
$0 $0 $0
Rabab Kreidieh Ward Director & Vice President, Educational Activities 10.0
Officer Director
$0 $0 $0
Sergio Benedetto Director & Vice President, Publication Services and Products 10.0
Officer Director
$0 $0 $0
Thomas M Coughlin IEEE President and CEO 10.0
Officer Director
$0 $0 $0
Alistair P Duffy Director & Delegate, Division IV 5.0
Director
$0 $0 $0
Andrew D Lowery Director & Delegate, Region 2 5.0
Director
$0 $0 $0
Anthony Matthew Francis Director & Delegate, Region 5 5.0
Director
$0 $0 $0
Aylin Yener Director & Delegate, Division IX 5.0
Director
$0 $0 $0
Bala S Prasanna Director & Delegate, Region 1 5.0
Director
$0 $0 $0
Christina M Schober Director & Delegate, Division V 5.0
Director
$0 $0 $0
Christopher E Root Director & Delegate, Division VII 5.0
Director
$0 $0 $0
ChunChe Lance Fung Director & Delegate, Region 10 5.0
Director
$0 $0 $0
Eric Grigorian Director & Delegate, Region 3 5.0
Director
$0 $0 $0
James E Matthews III Director & President, Standards Association 10.0
Director
$0 $0 $0
Jenifer P Castillo Rodriguez Director & Delegate, Region 9 5.0
Director
$0 $0 $0
Kamal Al-Haddad Director & Delegate, Division VI 5.0
Director
$0 $0 $0
Kathy Herring Hayashi Director & Delegate, Region 6 5.0
Director
$0 $0 $0
Kevin L Peterson Director & Delegate, Division II 5.0
Director
$0 $0 $0
Leila De Floriani Director & Delegate, Division VIII 5.0
Director
$0 $0 $0
Saifur Rahman IEEE Past President 10.0
Director
$0 $0 $0
Stefano Bregni Director & Delegate, Division III 5.0
Director
$0 $0 $0
Stephanie M White Director & Delegate, Division X 5.0
Director
$0 $0 $0
Thamir Tom F Murad Director & Delegate, Region 7 5.0
Director
$0 $0 $0
Vickie A Ozburn Director & Delegate, Region 4 5.0
Director
$0 $0 $0
Vincenzo Piuri Director & Delegate, Region 8 5.0
Director
$0 $0 $0
Yong Lian Director & Delegate, Division I 5.0
Director
$0 $0 $0
SOPHIA A MUIRHEAD Executive Director & Chief Operating Officer 40.0
Officer
$905,684 $243,820 $1,149,504
THOMAS R SIEGERT ASSISTANT TREASURER & CFO 40.0
Officer
$587,124 $58,586 $645,710
ALPESH SHAH MANAGING DIRECTOR IEEE STANDARDS 40.0
Key Emp
$458,646 $44,818 $503,464
CECELIA JANKOWSKI MANAGING DIRECTOR MEMBER & GEOUNIT ACTIVITIES 40.0
Key Emp
$463,580 $51,085 $514,665
JEFFREY STROHSCHEIN CHIEF INFORMATION DIGITAL OFFICER 40.0
Key Emp
$454,381 $54,160 $508,541
KAREN L HAWKINS CHIEF MARKETING OFFICER 40.0
Key Emp
$480,209 $64,628 $544,837
KENNETH R GILBERT IMTERIM MANAGING DIRECTOR TECH ACTIVITIES 40.0
Key Emp
$355,512 $62,226 $417,738
MARY CECILIA WARD-CALLAN MANAGING DIRECTOR TECH ACTIVITIES 40.0
Key Emp
$359,852 $26,897 $386,749
STEVEN HEFFNER MANAGING DIRECTOR PUBLICATIONS 40.0
Key Emp
$464,765 $48,579 $513,344
ANTA CISSE-GREEN GENERAL COUNSEL AND CHIEF COMPLIANCE 40.0
Highest
$509,004 $58,783 $567,787
DONNA HOURICAN STAFF EXECUTIVE, CORPORATE ACTIVITIES 40.0
Highest
$487,229 $53,500 $540,729
FRANCIS STAPLES SR DIRECTOR GLOBAL SALES & CUSTOMER OPERATIONS 40.0
Highest
$530,356 $66,354 $596,710
JUDY BRADY REGIONAL SALES MANAGER EMEA 40.0
Highest
$488,132 $56,475 $544,607
PAUL CANNING DIRECTOR INTERNATIONAL SALES 40.0
Highest
$539,383 $58,125 $597,508
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $714,064,929 $600,137,430 $1,493,325,312 $113,927,499
2023 $650,214,983 $534,932,193 $1,331,862,893 $115,282,790
2022 $566,430,458 $472,245,506 $1,142,179,318 $94,184,952
2021 $524,795,853 $382,241,723 $1,163,553,159 $142,554,130
2020 $478,339,401 $377,625,369 $961,106,109 $100,714,032
2019 $563,250,052 $482,978,488 $819,633,360 $80,271,564
2018 $547,022,569 $470,685,242 $683,244,978 $76,337,327
Explore More Nonprofits
Top 100 Nonprofits in New Jersey Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Institute of Electrical and Electronics Engineers Inc with other nonprofits in New Jersey and across the country.