Is Society Of Women Engineers Endowment Fund Inc Legit?

The Society Of Women Engineers Endowment Fund Inc demonstrates consistent financial health, primarily functioning as an endowment to support the Society of Women Engineers. Over the past several years, the organization has shown steady asset growth, increasing from $9.4 million in 2014 to over $14 million in 2023. Revenue streams have fluctuated, with a notable spike in 2017 ($4.5 million) and more recently ranging between $700,000 and $1.5 million. The organization consistently reports 0% officer compensation, indicating a volunteer-led or externally managed executive structure, which is a strong positive for transparency and efficiency. Their liabilities are consistently low relative to assets, suggesting sound financial management and minimal debt burden. Spending efficiency appears high, as the organization's primary function is to manage and grow an endowment, with expenses generally well below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $650,387 against revenues of $776,704, contributing to the endowment's growth. The absence of reported officer compensation further enhances their spending efficiency. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and financial transparency, providing a clear historical record of their financial activities.