SOCIETY OF EXPLOSIVES ENGINEERS EDUCATION FOUNDATION

EIN: 341739106 501(c)(3) Education

CLEVELAND, OH

Total Revenue
$287,106
Total Expenses
$184,460
Total Assets
$3,619,161
Net Assets
$3,540,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
OH
Principal Officer
JOHN WATSON
Phone
4403494400
Tax Period
2023-10-01 to 2024-09-30

SOCIETY OF EXPLOSIVES ENGINEERS EDUCATION FOUNDATION, founded in 1994, is a small nonprofit in the Education sector that reported $287K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $103K, a strong 36% operating margin.

Mission

THE SEE EDUCATION FOUNDATION WAS CREATED IN 1996 AS A NONPROFIT ORGANIZATION TO SERVE THE LONG-TERM EDUCATION INTERESTS OF THE INDUSTRY THROUGH: - THE INCLUSION OF EXPLOSIVES INSTRUCTION IN ENGINEERING CURRICULA - THE COLLECTION OF INFORMATION - DEVELOPING EDUCATION AND TRAINING MATERIALS - PROVIDING SCHOLARSHIPS - PROMOTING FORUMS AND MEDIA THROUGH WHICH EXPERIENCE WITH THE PRINCIPLES AND TECHNIQUES OF EXPLOSIVES ENGINEERING CAN BE TAUGHT, REPORTED, DISCUSSED AND PUBLISHED.

Program Service Accomplishments

Program 1
Expenses: $87,705 Revenue: $0

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...

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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.

Program 2
Expenses: $0 Revenue: $0

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...

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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.

Program 3
Expenses: $43,500 Revenue: $0

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...

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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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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $190,345
Program Service Revenue $0
Investment Income $104,817
Other Revenue $-8,056
TOTAL REVENUE $287,106

Expense Breakdown

Grants Paid $86,850
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $131,205
Other Expenses $97,610
TOTAL EXPENSES $184,460

Year-over-Year Comparison

2023 2022 Change
Revenue $287,106 $201,607 +0.4%
Expenses $184,460 $123,134 +0.5%
Net Income $102,646 $78,473 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
7
$199,836
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRADEN T LUSK JR PRESIDENT 0.50
Officer Director
$0 $0 $0
ALASTAIR C TORRANCE IMMEDIATE PAST PRESIDENT 0.50
Officer Director
$0 $0 $0
JANEEN T SMITH VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
KRISTEN N KOLDEN VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JOHN T WATSON TREASURER 0.50
Officer Director
$0 $0 $0
TRAVIS A DAVIDSAVOR SECRETARY 0.50
Officer Director
$0 $0 $0
KRISTIE ALLEN DIRECTOR 0.50
Director
$0 $0 $0
DOUG O HOY DIRECTOR 0.50
Director
$0 $0 $0
JOSH HOFFMAN DIRECTOR 0.50
Director
$0 $0 $0
JOHN RATHBUN DIRECTOR 0.50
Director
$0 $0 $0
PAUL WORSEY DIRECTOR 0.50
Director
$0 $0 $0
VAUGHN ZIOLKOWSKI DIRECTOR 0.50
Director
$0 $0 $0
STEVEN B SHIVAK EXECTUTIVE DIRECTOR 4.00
Officer
$0 $23,936 $199,836
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 $287,106 $184,460 $3,619,161 $102,646
2023 $201,607 $123,134 $2,869,012 $78,473
2022 $205,491 $118,456 $2,599,012 $87,035
2021 $95,557 $104,718 $2,989,154 $-9,161
2020 $177,773 $139,106 $2,555,254 $38,667
2019 $250,344 $137,522 $2,497,597 $112,822
2018 $243,189 $116,760 $2,447,666 $126,429
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