GEM 2019 Annual Report

2018/2019

ANNUAL REPORT ADVANCING SCIENTIFIC IMPACT

OUR OUR VISION VISION We We envision a worldawhere all envision world human capital are valued and empowered where all human capital are to achieve their fullest potential through parity valued and empowered to achieve of access to the US STEM workforce, their fullest through drivingpotential global innovation and parity of accesscompetitive to the USadvantage.

STEM workforce,

driving global innovation and competitive advantage.

2018/2019 ANNUAL REPORT Table of Contents INTRODUCTION 3 Letter from the President 3 Letter from the Chief Executive Officer PROGRAMMING 4 5 6 12 14

GEM GRAD Lab Future Faculty and Professionals 2019 GEM Fellows 2019 Selection Data - Yearly Outlook Annual Board Meeting & Conference

FINANCIAL STATEMENTS 18 19 20 22 23

Independent Auditors Report Statement of Financial Position Statements of Activities Statements of Cash Flows Notes to the Financial Statements

DONORS & EXECUTIVE COMMITTEE AND STANDING CHAIRS 26 Donor List 27 Executive Committee and Standing Chairs

OUR MISSION Since 1976, the National GEM Consortium has been addressing a critical shortfall in American engineering and scientific talent by increasing the participation of under-represented minorities at the Master’s and Doctoral levels.

Our model is strategic and proven. We provide graduate fellowships to highly qualified individuals from communities where such talent is largely untapped.

Working in partnership with leading corporations, U.S. government laboratories, and many of the nation’s top universities and research institutes, we provide GEM Fellows with the much-needed financial support that is often the deciding factor in pursuing graduate education, as well as practical experience through high-level, paid summer internships.

GEM does more than provide financial support, however.

We work to ensure student success in these competitive academic and professional environments with effective programs that increase the recruitment, retention, and graduation of GEM Fellows. More than 4,000 GEM Fellows have gone on to successful careers.

Letter from the PRESIDENT Dear GEM Stakeholder, We are very pleased to release the 2019 Annual Report for the National GEM Consortium.

We have had another very productive year across the GEM community, and the GEM mission continues to be as important as ever. Brennon Marcano, our GEM Chief Executive Officer, continues to aggressively set and meet goals, and we are looking forward to supporting significantly more students over the next several years.

The GEM Board recently completed a new strategic plan for enhancing GEM’s awareness, impact, and relationships, as well as improving overall operations. We look forward to presenting the latest strategic goals and actions to our broader GEM community. As always, your input on GEM’s direction is critically important.

This year I have completed term as Chair of the GEM Board of Directors. I will be working closely with the new GEM Board Chair to ensure a smooth transition. It has been a privilege for me to be a part of the GEM program, and I have really enjoyed working directly with many from across the GEM community. Intel Corporation and I will continue to strongly support the GEM mission over the coming years.

MICHAEL GREENE

CHAIR, GEM BOARD OF DIRECTORS

Letter from the CHIEF EXECUTIVE OFFICER Dear GEM Stakeholder, While it is sometimes overly used, there is no denying the phenomena of strength in numbers. Such a theme has been prevalent for us throughout the year and it is through those lens that we are pleased to release our 2017/2018 annual report. This year was a year of understanding and establishment. Understanding how we can effectively work together as a staff with a new leader, a board with a new mandate and a consortium with a new direction. Everyone embraced these new norms and the result was the establishment of a new and robust GEM model. One that accounted for the needs of all stakeholders and pushed hard to create meaningful impact in diversity in STEM. As an organization, we created a strategic plan that was anchored by three main tenets.

Our full fellowship support rose 40%, an astronomical number considering the initial stretch goal of 20% and the lack of a historical precedence for that type of growth. This was due to the focused efforts of everyone within the consortium assisting with greater internal upsells within their organizations, or brokering new relationships, which led to new members. Not to be outdone, our university and associate fellowships grew 90% as universities began to fully comprehend the value proposition of being a GEM member and more importantly, how to extract that value. Yet in spite of all this great growth, we are still significantly far from our ultimate goal of no longer leaving any scientists and technologists behind. We are still less than 50% placement of all the individuals that were judged and identified as eligible to receive a fellowship. Still our growth has signified that we have a renewed vigor to approach this problem and will continue to push ourselves in such a manner.

At 42 years, GEM continues to evolve as an organization. As we look towards our 50th anniversary, our primary focus is growth that would lead to us ultimately being viewed as an organization that is best in class. We are aware that our message fights with other narratives out there. Narratives that suggest that diverse talent does not exist and if it does, it is in extremely small numbers.

Narratives that perpetuate the belief that academic rigor is a scam. We are here to silence these narratives, we are here to make real change, and we are here for scientific impact. We look forward to your continued support and participation.

BRENNON MARCANO CHIEF EXECUTIVE OFFICER

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

3

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An advanced degree in engineering or science can open doors to even more challenging and responsible careers— especially in the dynamic and sophisticated areas of high technology research. Every year a significant number of underrepresented minorities enter undergraduate engineering and science curricula; however, under-represented minorities represent less than five percent of the recipients of advanced degrees in engineering or science.

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It is GEM’s belief that if highly qualified minority students were exposed to the benefits of a career in research and technology innovation, via presentations from individuals from their communities who have received a graduate engineering or science degree and are currently successful in their careers, and were given resources on how to apply to graduate school, more students would apply and successfully matriculate in graduate engineering and science programs.

4

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GEM conducts two signature programs to promote the participation and successful graduation of underrepresented minorities at the graduate level in science and engineering.

GEM’s signature undergraduate program, called

GRAD Lab (Getting Ready for Advanced Degree Laboratory), inspires close to one thousand under-represented STEM undergraduates annually to pursue a graduate degree in engineering or science. The GRAD Lab is currently supported

by The Intel Foundation.

GRAD Lab is GEM’s first programmatic offering for undergraduates! Launched at the 30th Anniversary Conference in June 2006 to outstanding participant reviews, GRAD Lab offers under-represented students exposure to the benefits of research and technology careers in a highly interactive one-day event.

GRAD Lab encourages young people of color to consider graduate engineering or science education and applying for the GEM fellowship. Focusing on the global importance of research and innovation, life-long career benefits, and real world role models the symposium will help each student envision his or her future as a technology leader, successfully apply for a GEM fellowship, and gain entry to a graduate program. GRAD Lab is GEM’s portable and scalable solution for developing diverse technical talent with advanced degrees.

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October 20

October 27

November 3

November 3

November 10

March 30, 2019

April 6, 2019

April 13, 2019

April 27, 2019

April 27, 2019

May 4, 2019

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

als ion fess u l ty

and

Pr o Fu t

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Fa c

GEM’s signature graduate program, FFP Symposium provides comprehensive programming to current graduate students to ensure successful completion of rigorous STEM graduate programs. The goal of the FFP Symposium is to provide graduate students with improved research and career competitiveness, tools and metrics for greater control in career planning, and to gain access to a powerful network of peers and mentors.

2019 GEM EMPLOYER FELLOWS

6

Name

Expected Degree Major

University Signed With

Matched Employer Name

Rita Ablordeppey

MS Computer Science

North Carolina A&T State University

SAP America

Oluwatoni Adetayo

MS Chemical Engineering

University of California - Berkeley

Corning Incorporated

Jonathan Adorno

PhD Biomedical Engineering

Ohio State University

Lawrence Livermore National Laboratory

Wendy-Angela Agata

PhD Chemical Engineering

University of Virginia

Lam Research Corporation

Sheila Alemany

PhD Computer Science

Florida International University

MIT Lincoln Laboratory

Nathan Ankomah-Mensah

MS Computer Engineering

Purdue University

MITRE Corporation, The

David Arias Roldan

PhD Mechanical Engineering

Carnegie Mellon University

Los Alamos National Laboratory

Connor Armstrong

PhD Mechanical Engineering

Georgia Institute of Technology

MIT Lincoln Laboratory

Ana Arteaga

PhD Chemistry

Oregon State University

Pacific Northwest National Laboratory

Hope Asala

PhD Petroleum Engineering

Louisiana State University

ExxonMobil

Amalie Atassi

PhD Material Science

Georgia Institute of Technology

Oak Ridge National Laboratory

Keisha Avery

PhD Bioengineering

University of Missouri - Columbia

Los Alamos National Laboratory

Bolutito Babatunde

PhD Mechanical Engineering

Carnegie Mellon University

Los Alamos National Laboratory

Jacqueline Baidoo

PhD Chemical Engineering

Massachusetts Institute of Technology

MIT Lincoln Laboratory

K'yal Bannister

PhD Chemical Engineering

Massachusetts Institute of Technology

National Renewable Energy Laboratory

Adrianna Battle

MS Biomedical Engineering

Duke University

Johnson & Johnson

Larry Bell

PhD Nuclear Engineering

Texas A&M University

Idaho National Laboratory

Shantonio Birch

PhD Mechanical Engineering

University of Michigan

Oak Ridge National Laboratory

Janae Bradley

PhD Bioengineering

University of Missouri - Columbia

Institute for Defense Analyses

Michell Brito

MS Computer Science

Texas A&M University

Adobe Systems Incorporated

Bryanna Brown

MS Computer Engineering

Carnegie Mellon University

MIT Lincoln Laboratory

Christophe Brown

MS Computer Engineering

Columbia University

Johns Hopkins University Applied Physics Laboratory

Raegan Brown

MS Computer Engineering

Junior

Intel Corporation

Hunter Bryant

MS Computer Engineering

Howard University"

Johns Hopkins University Applied Physics Laboratory

Beleicia Bullock

MS Computer Science

University of Illinois, Urbana Champaign

Adobe Systems Incorporated

Cody Butler

PhD Computer Science

Purdue University

Oak Ridge National Laboratory

Naia Butler-Craig

PhD Aerospace

Georgia Institute of Technology

Los Alamos National Laboratory

Ileana Callejas

PhD Applied Science

University of California - Los Angeles

Lawrence Berkeley National Laboratory

Kasey Campbell

PhD Material Science

LeHigh University

Lam Research Corporation

Marisol Castellanos

PhD Electrical Engineering

University of Southern California

Draper Laboratory

Melissa Castillo

MS Electrical Engineering

Georgia Institute of Technology

Sandia National Laboratories

Chelsea Clark

PhD Chemical Engineering

Rice University

3M Company

Juliet Clark

MS Computer Science

Virginia Polytechnic Institute & State University

Los Alamos National Laboratory

Anthony Coleman

PhD Nuclear Engineering

Michigan Technological University

Oak Ridge National Laboratory

Brianna Collins

PhD Chemistry

University of Minnesota

Pacific Northwest National Laboratory

Gabriel Colón-Reyes

PhD Electrical Engineering

University of California - Berkeley

National Renewable Energy Laboratory

Amanda Colunga

PhD Mathematics

North Carolina State University

Oak Ridge National Laboratory

Justin Cooke

PhD Mechanical Engineering

University of Pennsylvania

Johns Hopkins University Applied Physics Laboratory

Joel Corporan

PhD Computer Engineering

Georgia Institute of Technology

Idaho National Laboratory

Daniel Corral

PhD Chemical Engineering

Stanford University

Lawrence Livermore National Laboratory

Paulina Davison

MS Computer Science

Carnegie Mellon University

Intel Corporation

Oscar De La Rosa

MS Computer Science

University of Maryland - Baltimore County

Johns Hopkins University Applied Physics Laboratory

Daniel De Leon

MS Computer Engineering

Junior

Intel Corporation

Jasmine DeHart

PhD Computer Science

University of Oklahoma

Institute for Defense Analyses

Ernesto Diaz

MS Computer Science

Florida International University

MITRE Corporation, The

Jean-Michael Diei

MS Computer Science

Carnegie Mellon University

Lam Research Corporation

Sydney Dolan

MS Aerospace

Massachusetts Institute of Technology

Aerospace Corporation, The

Isaac Donis

MS Electrical Engineering

Columbia University

Intel Corporation

Ossie Douglas

PhD Mechanical Engineering

University of South Florida

Intel Corporation

Julia Downing

PhD Material Science

Northwestern University

3M Company

Nzinga Eduardo

MS Computer Science

Georgia Institute of Technology

Intel Corporation

Adebayo Eisape

PhD Electrical Engineering

Johns Hopkins University

Johns Hopkins University Applied Physics Laboratory

Tiwalayo Eisape

PhD Computer Science

Massachusetts Institute of Technology

Inter Active Corp

Nehemiah Emaikwu

PhD Mechanical Engineering

University of Maryland - College Park

National Renewable Energy Laboratory

Zion Emanuel

PhD Computer Science

University of Connecticut

Lam Research Corporation

Michael Estrada

PhD Electrical Engineering

University of California - Berkeley

Intel Corporation

Pedro Fernandez Narvaez

MS Computer Engineering

Ohio State University

Qualcomm, Inc

Martin Fernandez

PhD Electrical Engineering

Stanford University

Lam research Corporation

Wendy Fernandez

MS Electrical Engineering

Columbia University

Intel Corporation

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

2019 GEM EMPLOYER FELLOWS University Signed With

Matched Employer Name

MS Computer Science

Carnegie Mellon University

Adobe Systems Incorporated

Axel Garcia Burgos

MS Aerospace

Massachusetts Institute of Technology

The Aerospace Corporation

Gabriela Garcia Delgado

MS Nuclear Engineering

University of South Carolina

Idaho National Lab

Bria Garcia

MS Industrial Engineering

Georgia Institute of Technology

Ford Motor Company

Rosa Garza

PhD Computer Science

University of California - Los Angeles

Amazon

Tadewos Getachew

PhD Civil Engineering

University of Michigan

Lawrence Berkeley National Laboratory

Joshua Gomez

MS Chemical Engineering

New Mexico State University

Idaho National Laboratory

Steven Gomez

PhD Material Science

University of California - Santa Barbara

National Renewable Energy Laboratory

Gavin Gonzales

PhD Biomedical Engineering

Duke University

Draper Laboratory

Jairo Gonzalez Gonzalez

MS Material Science

University of California - Irvine

Intel Corporation

Denue Grant

PhD Computer Science

Oregon State University

Intel Corporation

Drew Grant

PhD Electrical Engineering

Johns Hopkins University

Johns Hopkins University Applied Physics Laboratory

Xava Grooms

PhD Computer Science

University of Kentucky

Los Alamos National Laboratory

Firehiwot Gurara

PhD Electrical Engineering

Cornell University

National Renewable Energy Laboratory

Denzel Hamilton

PhD Electrical Engineering

Morgan State University

Johns Hopkins University Applied Physics Laboratory

Kayland Harrison

MS Electrical Engineering

Northeastern University

Intel Corporation

Eduardo Hermosillo Guzman

PhD Chemical Engineering

Brown University

Brookhaven National Laboratory

Yosira Hernandez

MS Computer Engineering

Carnegie Mellon University

Qualcomm, Inc

Christian Hernandez-Negron

PhD Industrial Engineering

University of Massachusetts - Amherst

National Renewable Energy Laboratory

Isaiah Herrera

PhD Computer Science

Virginia Polytechnic Institute & State University

Pacific Northwest National Laboratory

Brittany Hicks

PhD Civil Engineering

University of Michigan

Oak Ridge National Laboratory

Meshach Hopkins

PhD Computer Engineering

Carnegie Mellon University

Johns Hopkins University Applied Physics Laboratory

Ifueko Igbinedion

PhD Electrical Engineering

Massachusetts Institute of Technology

MIT Lincoln Laboratory

Cory Ilo

PhD Computer Science

Virginia Polytechnic Institute & State University

Intel Corporation

India Irish

PhD Computer Science

Georgia Institute of Technology

Intel Corporation

Carlan Ivey

MS Industrial Engineering

North Carolina State University

Brookhaven National Laboratory

Melissa Jacquez

MS Civil Engineering

University of California - Berkeley

Los Alamos National Laboratory

Britney Johnson

PhD Computer Science

Georgia Institute of Technology

Adobe Systems Incorporated

Shaquetta Johnson

PhD Computer Engineering

Carnegie Mellon University

Intel Corporation

Miasia Jones

MS Computer Science

Georgia Institute of Technology

Lam Research Corporation

Jaelin Jordan

MS Industrial Engineering

Junior

The MITRE Corporation

Xitlali Juarez

PhD Material Science

Northwestern University

Lam Research

Leron Julian

PhD Computer Science

Carnegie Mellon University

Idaho National Laboratory

Asiegbu Kanu-Asiegbu

PhD Mechanical Engineering

University of Michigan

Intel Corporation

hermann Kaptui Sipowa

PhD Aerospace

University of Colorado - Boulder

The Aerospace Corporation

Ewurama Karikari

PhD Mechanical Engineering

Stanford University

Amazon

Collette Kawagley

MS Mechanical Engineering

Northwestern University

National Renewable Energy Lab

Mark Kwegyir-Aggrey

PhD Computer Science

Brown University

Adobe Systems Incorporated

Jessica LaLonde

PhD Material Science

Duke University

Los Alamos National Laboratory

Maya Lassiter

PhD Electrical Engineering

University of Pennsylvania

MIT Lincoln Laboratory

Michaela Laurencin

MS Computer Engineering

Carnegie Mellon University

Qualcomm, Inc.

Cameron Lewis

MS Computer Engineering

Howard University

Qualcomm, Inc.

Manuel Lopez

MS Electrical Engineering

Georgia Institute of Technology

Intel Corporation

Jean Louis

PhD Computer Science

University of Florida

IBM Corporation

Nathan Lubega

MS Mechanical Engineering

University of California - San Diego

Lawrence Livermore National Laboratory

Christopher Magnotti

MS Mechanical Engineering

North Carolina State University

Johns Hopkins University Applied Physics Laboratory

Juan Maldonado

PhD Aerospace

Purdue University

Aerospace Corporation

Jairo Maldonado-Contreras

PhD Mechanical Engineering

Georgia Institute of Technology

MIT Lincoln Laboratory

Andrew Marsh

MS Mechanical Engineering

Georgia Institute of Technology

IBM Corporation

Daniel Martin

PhD Computer Science

Cornell University

Amazon

Jerry Martinez

MS Mechanical Engineering

University of Southern California

MITRE Corporation, The

Jaylon McGhee

PhD Aerospace

University of Colorado - Boulder

National Renewable Energy Laboratory

Brandon Montano

MS Mechanical Engineering

Purdue University

Sandia National Laboratories

Raul Montano

PhD Mechanical Engineering

University of Texas at Austin

Los Alamos National Laboratory

Mikayla Moody

PhD Biomedical Engineering

University of Connecticut

Oak Ridge National Laboratory

Bryan Morreale

PhD Mechanical Engineering

Texas A&M University

Lawrence Livermore National Laboratory

Collin Muniz

PhD Chemistry

University of Southern California

Lam Research Corporation

Kirabo Nsereko

MS Electrical Engineering

Carnegie Mellon University

Johns Hopkins University Applied Physics Laboratory

Kingsley Nwosu

MS Computer Science

Virginia Polytechnic Institute & State University

Oak Ridge National Laboratory

We envision a world where all human capital are valued and empowered to achieve their fullest potential through parity of access to the US STEM workforce,

Expected Degree Major

Luis Figueroa

OUR VISION

Name

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

7

2019 GEM EMPLOYER FELLOWS

8

Name

Expected Degree Major

University Signed With

Matched Employer Name

Nicole Ogden

PhD Electrical Engineering

Vanderbilt University

MIT Lincoln Laboratory

Chinedu Ojukwu

MS Computer Engineering

Carnegie Mellon University

Adobe Systems Incorporated

Ahmat Oumar

MS Industrial Engineering

No school - treat Junior

Intel Corporation

Zonta Owens

MS Industrial Engineering

University of Michigan

Ford Motor Company

Victor Ozoh

MS Computer Science

Northwestern University

Fermi National Accelerator Laboratory

Alaina Palmer

MS Computer Science

University of Southern California

MITRE Corporation

Jasmin Palmer

PhD Mechanical Engineering

Stanford University

Johns Hopkins University Applied Physics Laboratory

Cynthia Perez

PhD Biomedical Engineering

University of California - Berkeley

Johnson & Johnson

Matthew Perez

PhD Computer Science

University of Michigan

MIT Lincoln Laboratory

Gabriela Picayo

PhD Chemistry

Colorado School of Mines

Idaho National Lab

Karol Pierre

MS Computer Engineering

Johns Hopkins University

Intel Corporation

Larry Powell

PhD Computer Engineering

Texs A&M University

Idaho National Laboratory

Tiffany Price

MS Mechanical Engineering

Northwestern University

Fermi National Accelerator Laboratory

Oscar Ramirez Poulat

MS Computer Engineering

Carnegie Mellon University

Qualcomm, Inc

Matthew Rhodes

MS Data Science

University of Washington

Amazon

Tarence Rice

PhD Computer Engineering

Rice University

Intel Corporation

Gian Carlo Rivera Crespo

PhD Mechanical Engineering

Georgia Institute of Technology

National Renewable Energy Laboratory

Hazel Rivera

PhD Aerospace

Cornell University

MIT Lincoln Laboratory

Anthony Roberts

MS Industrial Engineering

University of Minnesota

MITRE Corporation,

Luis Rodriguez Koett

PhD Material Science

University of Illinois, Urbana Champaign

Corning Incorporated

Jose Rojas Sanchez

PhD Aerospace

University of Michigan

Intel Corporation

Dan Rosa de Jesus

PhD Electrical Engineering

University of Texas at El Paso

Pacific Northwest National Laboratory

Alyssa Rosas

PhD Chemistry

Pennsylvania State University

3M Company

Katrina Rosemond

MS Computer Science

Howard University

Apple Inc.

Juan Rubio

PhD Mechanical Engineering

Johns Hopkins University

Los Alamos National Laboratory

Cecile Sadler

MS Computer Engineering

Duke University

Intel Corporation

Daniel Salazar-Gallegos

PhD Physics

Michigan State University

Los Alamos National Laboratory

Abel Salinas

MS Computer Science

University of Southern California

Intel Corporation

Stephen Sam

MS Computer Science

No school - treat Junior

Lexmark International, Inc.

Jesus Sanchez-Perez

PhD Electrical Engineering

Georgia Institute of Technology

MIT Lincoln Laboratory

Kevin Sanchez-Rivera

PhD Chemical Engineering

Wisconsin - Madison, University of

National Renewable Energy Laboratory

Ricardo Santoni Carrero

MS Electrical Engineering

Arizona State University

Oak Ridge National Laboratory

Valeria Saro-Cortes

PhD Mechanical Engineering

University of Illinois, Urbana Champaign

Draper Laboratory

Sara Schwarz

MS Computer Science

Carnegie Mellon University

SAP America

McKinley Sconiers-Hasan

MS Computer Engineering

Wisconsin - Madison, University of

Qualcomm, Inc.

Theron Smith

PhD Mechanical Engineering

University of California - Irvine

Lam Research

Johanna Smith-Palliser

MS Computer Science

Cornell University

Adobe Systems Incorporated

Jose Soria

PhD Physics

University of California - Berkeley

Fermi National Accelerator Laboratory

Jordan Sosa

PhD Material Science

Harvard University

Lam Research

Stephanie Taboada

PhD Chemical Engineering

Stony Brook University

Brookhaven National Laboratory

Niabelle Thelemaque

MS Electrical Engineering

Columbia University

Aerospace Corporation

Quaon Thomas

MS Computer Science

University of South Florida

Idaho National Laboratory

Emilio Torres

PhD Mechanical Engineering

Arizona State University

Los Alamos National Laboratory

Anneliese Trujillo

MS Chemical Engineering

Columbia University

ExxonMoboli

Giselle Valdes

PhD Applied Science

Massachusetts Institute of Technology

Pacific Northwest National Laboratory

Alejandro Vega Nogales

PhD Computer Science

University of Notre Dame

Oak Ridge National Laboratory

Viviana Vela

MS Civil Engineering

University of California - Los Angeles

Lawrence Berkeley National Laboratory

Ismael Villegas

PhD Computer Science

University of Southern California

Amazon

Deidra Ward

PhD Chemical Engineering

University of Texas at Austin

Corning Incorporated

Stephaun Ward

MS Mechanical Engineering

Morgan State University

Lam Research Corporation

Jodeci Wheaden

MS Computer Science

Northeastern University

MITRE Corporation

Meagan Wheeler

MS Material Science

Colorado School of Mines

Los Alamos National Laboratory

Roderick Wilkins Jr

MS Computer Science

Louisiana State University

Intel Corporation

Brandon Williams

PhD Material Science

University of Connecticut

Owens Corning

Kevin Womack

MS Computer Science

Columbia University

Oak Ridge National Laboratory

Brandon Woodard

PhD Computer Science

Brown University

MIT Lincoln Laboratory

Kelsea Yarbrough

PhD Material Science

Norfolk State

Lam Research Corporation

Kobla Zilevu

PhD Computer Science

Virginia Polytechnic Institute & State University

Adobe Systems Incorporated

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

Name

Expected Degree Major

Fellowship Type

University Sponsor

Yonathan Aberra

PhD Electrical Engineering

Associate Fellowship

University of Virginia

Adrian Abeyta

MS Mechanical Engineering

Associate Fellowship

University of Texas at Austin

Medinat Akindele

PhD Civil Engineering

Associate Fellowship

Carnegie Mellon University

Adanma Akoma

PhD Material Science

Associate Fellowship

University of Connecticut

Emily Alcazar

PhD Civil Engineering

Associate Fellowship

Georgia Institute of Technology

Lateef Aliyu

PhD Chemical Engineering

Associate Fellowship

Johns Hopkins University

Trevor Alston

PhD Biomedical Engineering

Associate Fellowship

Duke University

Lauren Alvarez

MS Mathematics

Associate Fellowship

North Carolina State University

Kamilah Amen

PhD Chemistry

Associate Fellowship

University of Minnesota

Kathia Antillon

PhD Chemistry

Associate Fellowship

University of Kansas

Edgar Aranda-Michel

PhD Biomedical Engineering

Associate Fellowship

Carnegie Mellon University

Oreoluwa Babarinsa

PhD Computer Science

Associate Fellowship

Carnegie Mellon University

Daryl Bagley

PhD Computer Science

Associate Fellowship

University of Rochester

Joshua Barrio

PhD Electrical Engineering

Associate Fellowship

University of Colorado - Boulder

Malik Blackman

PhD Mechanical Engineering

Associate Fellowship

Carnegie Mellon University

Minerva Bonilla

MS Civil Engineering

Associate Fellowship

North Carolina State University

Kwadwo Bonsu

PhD Chemical Engineering

Associate Fellowship

University of California - Irvine

James Boykin

PhD Civil Engineering

Associate Fellowship

Virginia Polytechnic Institute & State University

Kenneth Brinson

PhD Chemical Engineering

Associate Fellowship

Stanford University

Amanda Brown

PhD Chemical Engineering

Associate Fellowship

University of Notre Dame

Chandler Brown

PhD Civil Engineering

Associate Fellowship

Stanford University

Megan Buchanan

PhD Biomedical Engineering

Associate Fellowship

Washington University in Saint Louis

Tafadzwa Chigumira

PhD Chemical Engineering

Associate Fellowship

Carnegie Mellon University

Rafael Chontos

MS Mechanical Engineering

Associate Fellowship

Virginia Polytechnic Institute & State University

Tya Chuanromanee

PhD Computer Science

Associate Fellowship

University of Notre Dame

Gabrielle Cole

PhD Electrical Engineering

Associate Fellowship

Northwestern University

José Corchado-Albelo

MS Applied Science

Associate Fellowship

Missouri University of Science & Technology

Gustavo Correa

MS Aerospace

Associate Fellowship

University of California - Riverside

Stefany Cruz

MS Electrical Engineering

Associate Fellowship

Northwestern University

Gregory Cunningham

PhD Physics

Associate Fellowship

Harvard university

Asean Davis

PhD Civil Engineering

Associate Fellowship

University of Florida

Hector Delgado Diaz

PhD Physics

Associate Fellowship

University of Washington

Deyrel Diaz

PhD Computer Science

Associate Fellowship

Clemson University

Gabriela Diaz

PhD Material Science

Associate Fellowship

University of Minnesota

Homero Dominguez

PhD Chemistry

Associate Fellowship

University of Notre Dame

Marco Echeverria

PhD Material Science

Associate Fellowship

University of Connecticut

Lilia Escobedo

PhD Chemical Engineering

Associate Fellowship

University of Pennsylvania

Emily Eul

PhD Applied Science

Associate Fellowship

Washington University in Saint Louis

Matthew Ferby

PhD Civil Engineering

Associate Fellowship

Virginia Polytechnic Institute & State University

Francisco Fernandez

PhD Bioengineering

Associate Fellowship

Harvard University

Christian Gabriel Figueroa-Espada

PhD Bioengineering

Associate Fellowship

University of Pennsylvania

Christopher Florencio Aleman

PhD Material Science

Associate Fellowship

Johns Hopkins University

Kristal Gant

PhD Biomedical Engineering

Associate Fellowship

University of Wisconsin - Madison

Ashlee Garcia

PhD Electrical Engineering

Associate Fellowship

University of Texas at Austin

Kevin Gitushi

MS Mechanical Engineering

Associate Fellowship

North Carolina State University

Junellie Gonzalez Quiles

PhD Physics

Associate Fellowship

Johns Hopkins University

Arnelle Gonzalez

PhD Civil Engineering

Associate Fellowship

University of Houston

David Gonzalez

PhD Electrical Engineering

Associate Fellowship

University of Pennsylvania

Leonardo Gonzalez

PhD Chemical Engineering

Associate Fellowship

University of Wisconsin - Madison

Nicole Gonzalez Cejo

MS Mechanical Engineering

Associate Fellowship

Stanford University

Ian Hargrove

PhD Civil Engineering

Associate Fellowship

University of Wisconsin - Madison

Bryana Harris

PhD Bioengineering

Associate Fellowship

University of Virginia

Marina Hawkins

PhD Applied Science

Associate Fellowship

Rice University

Kevin Huang

MS Industrial Engineering

Associate Fellowship

North Carolina State University

Isaac Ige

MS Computer Science

Associate Fellowship

Carnegie Mellon University

Lyzmarie Irizarry Colon

PhD Chemical Engineering

Associate Fellowship

University of South Carolina

Julian Jimenez

PhD Biomedical Engineering

Associate Fellowship

Purdue University

Adrian Johnson

PhD Material Science

Associate Fellowship

Carnegie Mellon University

Gabriella Johnson

PhD Computer Science

Associate Fellowship

University of Colorado - Boulder

James Johnson

PhD Bioengineering

Associate Fellowship

University of Washington

Katelyn Jones

PhD Material Science

Associate Fellowship

Carnegie Mellon University

Michael Kitcher

PhD Material Science

Associate Fellowship

Carnegie Mellon University

Moses Kodur

PhD Chemical Engineering

Associate Fellowship

OUR VISION

2018 GEM ASSOCIATE &Engineering UNIVERSITY Josiah Breda-Nixon MS Mechanical AssociateFELLOWS Fellowship University of Georgia

We envision a world where all human capital are valued and empowered to achieve their fullest potential through parity of access to the US STEM workforce,

2019 GEM ASSOCIATE FELLOWS

Virginia Polytechnic Institute & State University

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

9

2019 GEM ASSOCIATE FELLOWS Name

Expected Degree Major

Fellowship Type

University Sponsor

David Kormos

MS Civil Engineering

Associate Fellowship

Virginia Polytechnic Institute & State University

Alexius Lampkin

PhD Applied Science

Associate Fellowship

University of Wisconsin - Madison

Chavez Lawrence

PhD Material Science

Associate Fellowship

University of Pennsylvania

Edgard Lebron

PhD Chemical Engineering

Associate Fellowship

University of Wisconsin - Madison

Kiara Lee

PhD Biomedical Engineering

Associate Fellowship

Brown University

Natalie Lerma

PhD Civil Engineering

Associate Fellowship

University of Virginia

Jaquaious Little

PhD Computer Science

Associate Fellowship

University of Washington

Esteban Londono

PhD Civil Engineering

Associate Fellowship

Carnegie Mellon University

Jorge Lopez

PhD Mechanical Engineering

Associate Fellowship

University of Notre Dame

Blake MacQueen

PhD Chemical Engineering

Associate Fellowship

University of South Carolina

Travis McKay

PhD Biomedical Engineering

Associate Fellowship

North Carolina State University

Joshua Mesfin

PhD Biomedical Engineering

Associate Fellowship

University of California - San Diego

Yakira Mirabito

PhD Mechanical Engineering

Associate Fellowship

University of California - Berkeley

Malcolm Moore

MS Computer Science

Associate Fellowship

University of Maryland - College Park

Ronald Moore

MS Computer Engineering

Associate Fellowship

University of Kansas

Karyn Moses

PhD Chemical Engineering

Associate Fellowship

University of Florida

Justin Namba

PhD Computer Science

Associate Fellowship

Rochester Institute of Technology

Lucien Nana Yobo

PhD Applied Science

Associate Fellowship

University of Houston

Andrea Naranjo-Soledad

PhD Chemical Engineering

Associate Fellowship

University of California - Berkeley

Sarah Neshat

PhD Bioengineering

Associate Fellowship

Johns Hopkins University

Odinakachukwu Ogoke

PhD Mechanical Engineering

Associate Fellowship

Carnegie Mellon University

Surajudeen Omolabake

PhD Chemistry

Associate Fellowship

University of Wisconsin - Madison

Virginia Orozco

PhD Biomedical Engineering

Associate Fellowship

Drexel University

Andres Ortiz

MS Nuclear Engineering

Associate Fellowship

University of Wisconsin - Madison

Omar Osorio

PhD Biomedical Engineering

Associate Fellowship

Washington University in Saint Louis

Johan Ospina Buitrago

PhD Computer Engineering

Associate Fellowship

Princeton University

Caleb Parks

MS Computer Science

Associate Fellowship

Carnegie Mellon University

Alberto Post

MS Aerospace

Associate Fellowship

Virginia Polytechnic Institute & State University

Elana Pyfrom

PhD Applied Science

Associate Fellowship

University of Pennsylvania

Claudia Ramirez Mederos

PhD Civil Engineering

Associate Fellowship

University of Illinois, Urbana Champaign

Maricely Ramirez

PhD Chemical Engineering

Associate Fellowship

Rutgers University

Grayson Rice

PhD Biomedical Engineering

Associate Fellowship

Duke University

christian richardson

PhD Biomedical Engineering

Associate Fellowship

Duke University

Gabriel Ritter

PhD Computer Science

Associate Fellowship

Oregon State University

Andy Rivas

PhD Nuclear Engineering

Associate Fellowship

North Carolina State University

Sarah Robertson

PhD Bioengineering

Associate Fellowship

University of Maryland - College Park

Sofia Roman Echevarria

PhD Civil Engineering

Associate Fellowship

University of Florida

Sally Ross

PhD Applied Science

Associate Fellowship

Ohio State University

Karina Roundtree

PhD Mechanical Engineering

Associate Fellowship

Oregon State University

Olatunde Sanni

PhD Aerospace

Associate Fellowship

Georgia Institute of Technology

Peter Joseph Santiago

PhD Material Science

Associate Fellowship

University of California - Irvine

Daniel Shah

MS Mechanical Engineering

Associate Fellowship

University of Georgia

Matthew Shirley

PhD Biomedical Engineering

Associate Fellowship

Drexel University

Txai Sibley

PhD Material Science

Associate Fellowship

University of Connecticut

Demetrius Solomon

PhD Industrial Engineering

Associate Fellowship

University of Wisconsin - Madison

Kyle Thomas

PhD Biomedical Engineering

Associate Fellowship

Georgia Institute of Technology

Anthony Thompson

PhD Mechanical Engineering

Associate Fellowship

University of Maryland - College Park

Richard Thornton

PhD Applied Science

Associate Fellowship

Princeton University

Stacy Tinner

MS Civil Engineering

Associate Fellowship

University of Kansas

Coleman Tolliver

PhD Mechanical Engineering

Associate Fellowship

University of Virginia

Gabriel Torres Rivera

PhD Mechanical Engineering

Associate Fellowship

Purdue University

Joshua Umansky-Castro

PhD Mechanical Engineering

Associate Fellowship

Cornell University

Sophia Upshaw

PhD Biomedical Engineering

Associate Fellowship

Georgia Institute of Technology

Edith Valle

MS Electrical Engineering

Associate Fellowship

Texas A&M University

Kyshalee Vazquez-Santiago

PhD Mechanical Engineering

Associate Fellowship

Carnegie Mellon University

Ambar Velázquez-Albino

PhD Chemical Engineering

Associate Fellowship

University of Florida

Christian Villa Santos

PhD Chemical Engineering

Associate Fellowship

University of Notre Dame

Kendyl Waddell

PhD Chemical Engineering

Associate Fellowship

University of Maryland - College Park

Atalaya Wilborn

PhD Material Science

Associate Fellowship

Harvard University

Lucretia Williams

MS Computer Science

Associate Fellowship

University of California - Irvine

Steven Woolford

PhD Chemistry

Associate Fellowship

University of Maryland - College Park

10

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

Expected Degree Major

Fellowship Type

University Sponsor

Obehioye Adubor

MS Mechanical Engineering

University Fellowship

Carnegie Mellon University

Julius Akeen Allen

MS Material Science

University Fellowship

Syracuse University

Jasmine Bitanga

MS Aerospace

University Fellowship

Carnegie Mellon University

Farielle Brazier

MS Civil Engineering

University Fellowship

Rutgers University

Darrelle Butler, Jr.

MS Applied Science

University Fellowship

Syracuse University

Kamal Carter

MS Mechanical Engineering

University Fellowship

Carnegie Mellon University

Octavio Cordova

MS Biomedical Engineering

University Fellowship

Syracuse University

Natalie Cox

MS Bioengineering

University Fellowship

Tufts University

Nathan Esantsi

MS Mechanical Engineering

University Fellowship

Carnegie Mellon University

Hernán Gallegos

MS Mechanical Engineering

University Fellowship

Tufts University

Irene Ham Liu

MS Computer Science

University Fellowship

Tufts University

Jasmin Heikal

MS Civil Engineering

University Fellowship

New York University

Deborah Kalambayi Njilabu

MS Biomedical Engineering

University Fellowship

Tufts University

Beruk Kiros

MS Computer Science

University Fellowship

North Carolina State University

Savannah McCoy

MS Computer Engineering

University Fellowship

Stanford University

Patrick Meehan

MS Mechanical Engineering

University Fellowship

Virginia Polytechnic Institute & State University

Justin Mitchell

MS Mechanical Engineering

University Fellowship

Carnegie Mellon University

Christian Neal

MS Mechanical Engineering

University Fellowship

Carnegie Mellon University

Courtney Ogando

MS Biomedical Engineering

University Fellowship

Syracuse University

Elizabeth Oguntade

MS Biomedical Engineering

University Fellowship

Syracuse University

Walter Parker

MS Mechanical Engineering

University Fellowship

Carnegie Mellon University

Javier Rodriguez

MS Mechanical Engineering

University Fellowship

Carnegie Mellon University

Nicole Rosario

MS Bioengineering

University Fellowship

Cornell University

Logan Rubio

MS Biomedical Engineering

University Fellowship

Tufts University

Luce St. Surin

MS Chemical Engineering

University Fellowship

New York University

Cesar Suarez

MS Biomedical Engineering

University Fellowship

Syracuse University

Moussa Sy

MS Material Science

University Fellowship

Syracuse University

Wesley Thompson

MS Applied Science

University Fellowship

North Carolina State University

Lissette Torres

MS Computer Science

University Fellowship

Washington University in Saint Louis

OUR VISION

Name

We envision a world where all human capital are valued and empowered to achieve their fullest potential through parity of access to the US STEM workforce,

2019 GEM UNIVERSITY FELLOWS

2019 GEM SELECTION DATA GEM Fellows by Major

Total 2019 GEM Fellows: 177 Average GPA of GEM Fellows

3.49 Master’s Degree

3.50 Ph.D. Degree

Intended Graduate Major

Number of Fellows

Average GPA

Aerospace

8

3.65

4.5%

Applied Science (Other than Chemistry or Physics)

2

3.68

1.1%

Bioengineering

2

2.74

1.1%

Biomedical Engineering

5

3.55

2.8%

Chemical Engineering

12

3.65

6.8%

Chemistry

5

3.36

2.8%

Civil Engineering

4

3.63

2.3%

Computer Engineering

20

3.37

11.3%

Computer Science

45

3.52

25.4%

Data Science

1

3.80

0.6%

Electrical Engineering

21

3.46

11.9%

Industrial Engineering

7

3.32

4.0%

Material Science

12

3.68

6.8%

Mathematics

1

3.66

0.6%

Mechanical Engineering

26

3.57

14.7%

Nuclear Engineering

3

3.20

1.7%

Petroleum Engineering

1

-

0.6%

Physics

2

3.33

1.1%

NOISIV RUO

12

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% of Total Fellows

2019 GEM SELECTION DATA

GEM Fellows by Gender

GEM Fellows by Program 59% Ph.D. Degrees

58% Male

PROGRAM

GENDER 41% Master’s Degrees

42% Female

GEM Fellows by Ethnicity 52% African-American/ Black

ETHNICITY

39% Latino/Hispanic 5% Other 3% Native American/ American Indian

OUR VISION We envision a world where all human capital are valued and empowered to achieve their fullest potential through parity of access to the US STEM workforce, driving global innovation and competitive advantage.

GEM 43rd Annual Board Meeting and Conference September 19-21, 2019 | Sheraton Grand Chicago | Chicago, Illinois

GEM convened its 2019 Annual Board Meeting and Conference on September 19-21 at the Sheraton Grand Chicago Hotel in Chicago, IL. The conference fulfilled it’s purpose, to engage GEM Representatives in missionforward discussions and take action through voting on strategic items during the board meeting; while prospective and current graduate students attended workshops, participated in a technical presentation competition & poster session, engaged with graduate and post-doc programs during the Graduate Resource, Post-Doc and Employer Fair, and took advantage of networking opportunities with representatives during the opening pre-reception. A highlight of this year’s event was the GEM 2019 Leadership Awards Gala and Reception honoring those GEM alumni, university and employer leaders and champions that have embodied GEM’s first forty years of achievement toward our mission.

2019 GEM Leadership Awards Gala & Opening Reception The 2019 GEM Leadership Awards Gala honored the leaders and champions of diversity in graduate STEM education, and longstanding partners of GEM and our mission. The Gala, hosted

by Gala Chair, GEM Board Secretary and GEM Alum, Dr. Darryll Pines (University of Maryland, College Park), also showcased the amazing accomplishments of GEM Alumni who have contributed to GEM students’ success. Attendees gathered prior to the Black Tie Gala for networking, beverages, and reconnection.

This fundraising gala also included a donor bid campaign with proceeds to benefit the GEM Fellowship program.

Gala Chair Dr. Darryll J. Pines Dean, University of Maryland, College Park

Sponsored by:

Table Sponsors:

14

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

Friday Morning Plenary The Friday breakfast plenary session provided a provocative discussion moderated by GEM Chief Executive Office, Brennon Marcano with Charles Lee, Founder and CEO of Ideation focused on the connectivity between GEM member brand marketing and promotion of our STEM graduate education opportunities in the broader community Sponsored by: Brennon Marcano

Charles Lee

Sponsored by:

Friday Lunch Plenary: Chief Diversity Officer Roundtable Revisited

OUR VISION

A gathering of Chief Diversity Officers and Leadership from the top technical firms and research universities in our nation, this panel discussion highlighted how sponsor companies and universities can maximize methods for recruiting diverse talent and supporting their pursuit of graduate STEM degrees.

The Friday lunch plenary session, moderated by GEM CEO Brennon Marcano, created an opportunity for attendees to gain insight from various industry and university Chief Diversity Officers and Leadership engaged in the Chief Diversity Officer Roundtable.

Brennon Marcano

Johney Green Jr., PhD

Sponsored by:

Student-Focused Programming The National GEM GRAD Lab, sponsored by the Intel Corporation, and Future Faculty and Professionals (FFP) Symposium workshops provided student content focused on leadership and academic success were phenomenal and truly assisted the students on their path of excellence toward attainment of graduate STEM degrees. Additionally, GEM University and Associate Fellows student travel grants to the National FFP Symposium are available thanks to a National Science Foundation grant [Award #1564418]. We thank our National GRAD Lab Sponsor, Intel Corporation, and the 2019 Annual Meeting GRAD Lab sponsors, Northwestern University and University of Notre Dame.

Sponsored by:

gradLab

SM

We envision a world where all human capital are valued and empowered to achieve their fullest potential through parity of access to the US STEM workforce,

Chief Diversity Officer Roundtable

GEM Alumni Association and Graduate Resource, Post Doc and Employer Fair

GEM Alumni Association Reunion and Gala Post Reception GEM Alumni joined the GEM Alumni Association board and event sponsor, Amazon for an alumni networking reception aboard the Odyssey Lake Michigan from the Chicago Navy Pier. The event allowed all to gain insights on Amazon opportunities and what is on the horizon for the alumni association.

Sponsored by:

2019 Graduate Resource, Post Doc and Employer Fair GEM hosted a graduate, postdoc and employer fair that allowed undergraduate and graduate student attendees to directly interact with University and Employer representatives in attendance on graduate degree and post doc opportunities. Over 70 GEM University and Employer members were present to engage students.

16

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

Technical Presentation Competition & Poster Session Sponsored by:

GEM Fellows (graduate students) competed for cash awards in the GEM Technical Presentation Competition, sponsored by the National Renewable Energy Laboratory (NREL). The competition, initially developed to showcase the technical and research assignments of prospective and current GEM Fellows during their summer internship/summer research experiences, has been expanded to showcase all students’ skills in technical writing and presentations. STEM professionals, like all professionals, must possess a well-developed ability to communicate, both orally and in writing. The TPC is designed to emphasize the value of an ability to conduct research, engage in a high level of technology and to deliver oral presentations. This year’s winners by category, announced at the awards ceremony, are

2nd Year PhD and Beyond Level 1st PLACE Ashlee Colbert 2016 GEM PhD Fellow Biomedical Engineering Purdue University

2nd PLACE De’Aira Bryant 2017 GEM PhD Fellow Computer Science Georgia Institute of Technology Adobe Systems Incorporated

3rd PLACE Nehemiah Emaikwu 2019 GEM PhD Fellow Mechanical Engineering University of Maryland, College Park National Renewable Energy Lab.

Pictured left to right: Dr. Roderick Jackson (Sponsor Rep, NREL), Weny-Angela Agata, Ariel Nessl, Ashlee Colbert, Dr. Marcus Huggans, (GEM)

Master’s and 1st Year PhD Level 1st PLACE Steven Gomez 2019 GEM Master’s Fellow Materials Science University of California, Santa Barbara National Renewable Energy Laboratory

2nd PLACE Karol Pierre 2019 GEM Master’s Fellow Computer Science Johns Hopkins University Intel Corporation

3rd PLACE Walter Parker 2019 GEM Master’s Fellow Mechanical Engineering Carnegie Mellon University

Poster Session - PhD Over 20 students also participated in the Poster Session, presenting undergraduate, graduate, and fellowship internship-based research to a panel of judges.

The winner of the 2019 Poster Session is: Moala Banavti Master’s Student University of Iowa Pictured left to right: Dr. Marcus Huggans (GEM), Jomar Mendoza

THANK YOU TO OUR 2019 CONFERENCE SPONSORS VISIONARY

INNOVATOR

ENCOURAGER

EDUCATOR

SUPPORTER

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

17

FINANCIAL STATEMENTS Years Ended June 30, 2019 and 2018

INDEPENDENT AUDITORS’ REPORT To the Board of Directors National Consortium for Graduate Degrees for Minorities in Engineering and Science, Inc. Alexandria, Virginia We have audited the accompanying financial statements of the National Consortium for Graduate Degrees for Minorities in Engineering and Science, Inc. (GEM), which comprise the statements of financial position as of June 30, 2019 and 2018, and the related statements of activities and cash flows for the years then ended and the related notes to the financial statements.

Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Emphasis of a Matter For the years ended June 30, 2019 and 2018, National Consortium for Graduate Degrees for Minorities in Engineering and Science, Inc. adopted new accounting guidance, implementing the FASB’s

Auditors’ Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

For the year ended June 30, 2019, National Consortium for Graduate Degrees for Minorities in Engineering and Science, Inc. early implemented Accounting Standards Update No. 2018-08 (“ASU 201808”), Not-for-Profit Entities (Topic 958); Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. Our opinion is not modified with respect to this matter.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the National Consortium for Graduate Degrees for Minorities in Engineering and Science, Inc. as of June 30, 2019 and 2018, and the changes in its net assets and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.

18

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

ASU 2016-14 (“ASU 2016-14”), Not-for- Profit Entities (Topic 958); Presentation of Financial Statements for Not-for-Profit Entities. Our opinion is not modified with respect to this matter.

As discussed in Note M to the financial statements, National Consortium for Graduate Degrees for Minorities in Engineering and Science, Inc. is currently evaluating the effect of the spread of the COVID-19 coronavirus. National Consortium for Graduate Degrees for Minorities in Engineering and Science, Inc. cannot reasonably estimate the impact on its operations or financial results. The accompanying financial statements do not include any adjustments related to the subsequent event. Our opinion is not modified with respect to this matter.

As discussed in Note M to the financial statements, beginning September 1, 2019 National Consortium for Graduate Degrees for Minorities in Engineering and Science, Inc. received a grant from the National Science Foundation. The accompanying financial statements do not include any adjustments related to the subsequent event. Our opinion is not modified with respect to this matter.

As discussed in Note N to the financial statements, the June 30, 2018 financial statements have been restated to correct a misstatement.

Our opinion is not modified with respect to this matter.

Limerick, Pennsylvania April 29, 2021

STATEMENTS OF FINANCIAL POSITION June 30, 2019 and 2018

2019

2018

ASSETS CURRENT ASSETS $1,438,188

$949,452

851,005

1,121,661

27,139

-

2,316,332

2,071,113

4,770,647

3,822,012

710,035

739,323

7,797,014

6,632,448

$877,425

$434,544

1,000

1,000

-

12,500

193,800

373,550

48,229

46,226

1,120,454

867,820

238,969

286,930

178,646

590,725

Board-designated

1,321,591

898,254

Funds functioning as endowment

4,937,354

3,988,719

TOTAL NET ASSETS

6,437,591

5,477,698

TOTAL LIABILITIES AND NET ASSETS

$7,797,014

$6,632,448

Cash and temporary cash investments Membership fees and other receivables Prepaid expenses TOTAL CURRENT ASSETS INVESTMENTS PROPERTY AND EQUIPMENT, net TOTAL ASSETS LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts and fellowships payable Future event donations Unearned membership fees Deferred revenue Current portion of long-term debt TOTAL CURRENT LIABILITIES LONG-TERM DEBT NET ASSETS Without donor restrictions Undesignated

See accompanying notes.

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

19

STATEMENT OF ACTIVITIES Year Ended June 30, 2019

Unrestricted Board-Designated

Undesignated

Funds Other Functioning as Designated Endowment

Designated Fellowships

Totals

REVENUE Contributions Events/conferences Grant revenues Investment income Membership fees Alumni giving Other revenue TOTAL REVENUE AWARDED FELLOWSHIPS, net

$3,937,500

$-

$-

$-

$3,937,500

347,185

-

-

-

347,185

45,549

-

-

-

45,549

186

-

-

283,788

283,974

450,675

-

-

-

450,675

12,055

-

-

-

12,055

90,546

-

-

-

90,546

4,883,696

-

-

283,788

5,167,484

(2,960,000)

2,960,000

-

-

-

EXPENSES Advertising Bank service fees Consulting fees Depreciation Events/conferences Fellowship expenses Insurance Interest expense Investment fees

-

-

-

450

-

-

-

9,158

9,383

-

-

-

9,383

29,288

-

-

-

29,288

233,588

-

-

-

233,588 2,536,663

-

2,536,663

-

-

8,401

-

-

-

8,401

13,457

-

-

-

13,457 15,153

-

-

-

15,153

Miscellaneous

41,909

-

-

-

41,909

Other benefits

188,243

-

-

-

188,243

Postage

2,588

-

-

-

2,588

Printing

5,328

-

-

-

5,328

265,887

-

-

-

265,887

Professional fees Real estate taxes

10,052

-

-

-

10,052

Repairs and maintenance

27,007

-

-

-

27,007

708,324

-

-

-

708,324

6,375

-

-

-

6,375

Travel

78,576

-

-

-

78,576

Utilities

17,761

-

-

-

17,761

1,655,775

2,536,663

-

15,153

4,207,591

267,921

423,337

-

268,635

959,893

590,725

241,895

656,359

3,988,719

5,477,698

(680,000)

-

-

680,000

-

$178,646

$665,232

$656,359

$4,937,354

$6,437,591

Salaries and wages Supplies

TOTAL EXPENSES CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR Board designation of funds functioning as endowment

NET ASSETS AT END OF YEAR

See accompanying notes.

20

450 9,158

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

STATEMENT OF ACTIVITIES Year Ended June 30, 2018

Unrestricted Board-Designated

Undesignated

Funds Other Functioning as Designated Endowment

Designated Fellowships

Totals

REVENUE Contributions Events/conferences Grant revenues Investment income Membership fees Alumni giving Other revenue TOTAL REVENUE AWARDED FELLOWSHIPS, net

$3,556,661

$-

$-

$-

$3,556,661

453,766

-

-

-

453,766

20,000

-

-

-

20,000

381

-

-

244,363

244,744

373,350

-

-

-

373,350

12,627

-

-

-

12,627

55,800

-

-

-

55,800

4,472,585

-

-

244,363

4,716,948

(1,545,000)

1,545,000

-

-

-

EXPENSES Bank service fees Consulting fees Depreciation Events/conferences Fellowship expenses Insurance Interest expense Investment fees

7,259

-

-

-

7,259

10,352

-

-

-

10,352

28,708

-

-

-

28,708

309,151

-

-

-

309,151

-

1,386,505

-

-

1,386,505

8,435

-

-

-

8,435

15,359

-

-

-

15,359

-

-

-

13,993

13,993

Miscellaneous

23,703

-

-

-

23,703

Other benefits

165,288

-

-

-

165,288

3,882

-

-

-

3,882

Postage

7,995

-

-

-

7,995

Professional fees

322,690

-

-

-

322,690

Real estate taxes

9,981

-

-

-

9,981

Printing

16,157

-

-

-

16,157

630,123

-

-

-

630,123

5,061

-

-

-

5,061

Travel

50,420

-

-

-

50,420

Utilities

18,067

-

-

-

18,067

TOTAL EXPENSES

1,632,631

1,386,505

-

13,993

3,033,129

CHANGE IN NET ASSETS

1,294,954

158,495

-

230,370

1,683,819

(704,229)

(18,600)

656,359

3,860,349

3,793,879

-

102,000

-

(102,000)

-

$590,725

$241,895

$656,359

$3,988,719

$5,477,698

Repairs and maintenance Salaries and wages Supplies

NET ASSETS AT BEGINNING OF YEAR, restated Board designation of funds functioning as endowment

NET ASSETS AT END OF YEAR

See accompanying notes.

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

21

STATEMENT OF FUNCTIONAL EXPENSES Years Ended June 30, 2019 and 2018

Program Services Year Ended June 30, 2019

FUNCTIONAL EXPENSES Advertising Bank service fees Consulting fees Depreciation Events/conferences Fellowship expenses Insurance Interest expense Investment fees Miscellaneous Other benefits Postage Printing Professional fees Real estate taxes Repairs and maintenance Salaries and wages Supplies Travel Utilities TOTAL FUNCTIONAL EXPENSES

Fellowships

Program Activities

Supporting Services

Totals

FUNCTIONAL EXPENSES Bank service fees Consulting fees Depreciation Events/conferences Fellowship expenses Insurance Interest expense Investment fees Miscellaneous Other benefits Postage Printing Professional fees Real estate taxes Repairs and maintenance Salaries and wages Supplies Travel Utilities TOTAL FUNCTIONAL EXPENSES

Totals

$450 5,419 13,297 223,743 3,814 6,109 1,406 95,439 33,377 4,564 12,261 359,819 78,576 8,062

$450 5,419 13,297 223,743 2,536,663 3,814 6,109 1,406 95,439 33,377 4,564 12,261 359,819 78,576 8,062

$9,158 3,964 9,314 9,845 2,672 4,279 15,153 10,448 52,520 2,588 5,328 211,510 3,197 8,588 197,227 6,375 5,648

$6,678 1,915 3,068 30,055 40,284 21,000 2,292 6,158 151,278 4,050

$9,158 3,964 15,992 9,845 4,587 7,347 15,153 40,503 92,804 2,588 5,328 232,510 5,489 14,746 348,505 6,375 9,698

$450 9,158 9,383 29,289 233,588 2,536,663 8,401 13,456 15,153 41,909 188,243 2,588 5,328 265,887 10,053 27,007 708,324 6,375 78,576 17,760

$2,536,663

$846,336

$3,382,999

$557,814

$266,778

$824,592

$4,207,591

Fellowships

Program Activities

Supporting Services

Totals

Management and General

Fundraising

Totals

(Restated) Total Program and Supporting Services

$1,386,505 -

$8,102 13,033 307,858 3,829 6,973 1,611 83,801 33,440 4,531 7,335 320,170 50,420 8,204

$8,102 13,033 307,858 1,386,505 3,829 6,973 1,611 83,801 33,440 4,531 7,335 320,170 50,420 8,204

$7,259 2,250 9,129 1,293 2,682 4,884 13,993 6,902 46,115 3,882 7,995 268,250 3,174 5,138 175,410 5,061 5,746

$6,545 1,923 3,502 15,190 35,372 21,000 2,276 3,684 134,544 4,118

$7,259 2,250 15,674 1,293 4,605 8,386 13,993 22,092 81,487 3,882 7,995 289,250 5,450 8,822 309,954 5,061 9,864

$7,259 10,352 28,707 309,151 1,386,505 8,434 15,359 13,993 23,703 165,288 3,882 7,995 322,690 9,981 16,157 630,124 5,061 50,420 18,068

$1,386,505

$849,307

$2,235,812

$569,163

$228,154

$797,317

$3,033,129

See accompanying notes.

22

Fundraising

Total Program and Supporting Services

$2,536,663 -

Program Services Year Ended June 30, 2018

Management and General

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

STATEMENT OF CASH FLOWS

Years Ended June 30, 2019 and 2018

2019

2018

CASH FLOWS FROM OPERATING ACTIVITIES

$959,893

$1,683,819

29,288

28,708

(166,692)

(79,708)

Membership fees and other receivables

270,656

(761,099)

Prepaid expenses

(27,139)

15,815

Accounts payable

442,881

(148,790)

Unearned membership fees

(12,500)

10,500

(179,750)

(559,353)

1,316,637

189,892

-

(4,335)

695,153

102,500

(1,477,096)

(150,662)

(781,943)

(52,497)

(45,958)

(44,056)

488,736

93,339

949,452

856,113

$1,438,188

$949,452

$13,457

$15,359

Change in net assets Adjustments to reconcile change in net assets to net cash provided (used) by operating activities Depreciation Unrealized gain on investments (Increase) decrease in

Increase (decrease) in

Deferred revenue NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property and equipment Sale of investments Purchase of investments NET CASH PROVIDED BY INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES Principal payments on long-term debt NET INCREASE IN CASH AND TEMPORARY CASH INVESTMENTS CASH AND TEMPORARY CASH INVESTMENTS AT BEGINNING OF YEAR CASH AND TEMPORARY CASH INVESTMENTS AT END OF YEAR SUPPLEMENTAL DISCLOSURES Cash paid during the year for interest

See accompanying notes.

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

23

NOTES TO FINANCIAL STATEMENTS June 30, 2019 and 2018 NOTE A ORGANIZATION The National Consortium for Graduate Degrees for Minorities in Engineering and Science, Inc. (GEM) is a separately incorporated notfor-profit organization whose purpose is to provide aid and support to minority students pursuing graduate degrees in the field of engineering and science. Revenue consists of corporate contributions and membership fees from corporate and university members.

NOTE B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following is a summary of the accounting policies adopted by GEM, which have a significant effect on the financial statements.

Basis of Accounting The financial statements have been prepared on the accrual basis of accounting, whereby revenues are recognized when earned and expenses when incurred.

Basis of Presentation Under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 958-225-45, GEM is required to report information regarding its financial position and activities according to three classes of net assets: unrestricted net assets, temporarily restricted net assets and permanently restricted net assets. GEM does not have any restricted net assets.

Change in Accounting Principle In August 2016, the FASB issued Accounting Standards Update No. 201614 (“ASU 2016 14”), Not-for-Profit Entities (Topic 958); Presentation of Financial Statements for Not-for- Profit Entities. GEM has implemented ASU 2016-14 for these financial statements dated June 30, 2019 and 2018 and for the years then ended.

In June 2018, the FASB issued Accounting Standards Update No. 2018-08 (“ASU 2018-08”), Not-for-Profit Entities (Topic 958); Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. GEM has early implemented ASU 2018-08 for these financial statements dated June 30, 2019 and for the year then ended.

Financial Statement Presentation The financial statements of GEM have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”), which require GEM to report information regarding its financial position and activities according to the following net asset classifications: Net Assets without Donor Restrictions: Net assets that are subject to donor- imposed restrictions and may be expended for any purpose in performing the primary objectives of GEM. These net assets may be used at the discretion of GEM’s management and the board of directors.

Net Assets with Donor Restrictions: Net assets subject to stipulations imposed by donors, and grantors. Some donor restrictions are temporary in nature; those restrictions will be met by actions of GEM or by the passage of time. Other donor restrictions are perpetual in nature, where by the donor has stipulated the funds be maintained in perpetuity.

Donor restricted contributions are reported as increased in net assets with donor restrictions. When a restriction expires, net assets are reclassified from net assets with donor restrictions to net assets without donor restrictions in the statement of activities.

Support that is restricted by the donor is reported as an increase in net assets without donor restrictions if the restriction expires in the same reporting period in which the support is received and recognized.

24

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

Cash and Temporary Cash Investments Resources invested in money market funds and short-term investments with maturities of three months or less at date of purchase are classified as temporary cash investments.

Accounts Receivable Accounts receivable are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollectible amounts through a provision for bad debt expense and an adjustment to a valuation allowance based on its assessment of the current status of individual accounts. Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. At June 30, 2019 and 2018, there was no valuation allowance.

Investments Investments in marketable securities with readily determinable fair value and all investments in debt securities are reported at their fair values in the statements of financial position. Unrealized gains (losses) are included in the change in net assets.

Contributions In accordance with FASB ASC 958-605, unconditional contributions are recognized immediately and classified as either net assets with donor restrictions or net assets without donor restrictions. Conditional contributions received are accounted for as a liability or are unrecognized initially, that is, until the barriers to entitlement are overcome, at which point the transaction is recognized as unconditional and classified as either net assets with restrictions or net assets without restrictions. GEM did not have any conditional contributions for the years ended June 30, 2019 and 2018.

Property and Equipment Property and equipment are stated at cost less accumulated depreciation.

Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The general capitalization policy is that all equipment and other fixed assets costing in excess of $1,000 will be recorded as an asset.

Tax Status GEM is a not-for-profit organization as described in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes on related income pursuant to Section 501(a) of the Internal Revenue Code.

GEM takes the position that it has no net income derived from unrelated business activities and believes it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements.

Functional Allocation of Expenses The cost of providing program services and other activities has been summarized on a functional basis in the statements of activities. Directly identifiable expenses are charged to programs and supporting services.

Costs that constitute an appeal for financial support are charged to fundraising expenses. Expenses related to more than one function are charged to programs and supporting services based on estimates of time/expense incurred in each area. Management and general expenses include those expenses that are not directly identifiable with any other specific function but provide the overall support and direction of GEM. Such costs are expensed as incurred. These expenses are allocated based on a pro-rata share of the total payroll charged to each function.

Membership Fees Membership fees, which are billed in advance, are recognized as revenue when earned. Unearned fee revenue represents membership fees billed for periods extending beyond year-end.

NOTES TO FINANCIAL STATEMENTS June 30, 2019 and 2018

Awarded Fellowships, Net As GEM fellowships are awarded, the amounts associated with each award are transferred to Board-designated net assets. These amounts are net of fellowship offers declined and amounts related to students who have withdrawn from a GEM fellowship program or who have graduated without expending the full designated amounts.

Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

The composition of investment return consists of:

2019 $186

2018 $381

117,470

88,166

(374)

76,489

166,692

79,708

$283,974

$244,744

Interest income, cash and cash equivalents Investment portfolio income Realized gain (loss) Unrealized gain

Date of Management’s Review Management has evaluated subsequent events through May 9, 2020, the date which the financial statements were available to be issued.

NOTE E FAIR VALUE MEASUREMENTS

NOTE C FINANCIAL INSTRUMENTS AND CONCENTRATIONS OF CREDIT RISK

FASB ASC 820-10 establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels.

Financial Instruments The carrying values of GEM’s financial instruments approximate their estimated fair values. The following methods and assumptions were used to estimate the fair value of each class of financial instruments: •

Cash and Temporary Cash Investments - The carrying amount approximates fair value due to the short-term maturity of these instruments.

•

Marketable Securities and Investments - The fair value of marketable securities and investments held for investment purposes is based on quoted market prices.

Concentrations of Credit Risk Financial instruments which potentially subject GEM to concentrations of credit risk consist principally of cash and accounts receivable. GEM places its cash with high credit quality institutions. At times, such amounts may be in excess of the FDIC insurance limits.

Concentrations of credit risk with respect to trade accounts receivable are generally diversified due to the large number of individuals comprising GEM’s customer base.

Level 1 inputs are unadjusted quoted prices for identical assets or liabilities in active markets that GEM has the ability to access.

Level 2 inputs are other than quoted market prices that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument.

Level 3 inputs are unobservable inputs based on GEM’s assumptions used to measure assets and liabilities at fair value. The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

The assets of GEM for which fair values are determined on a recurring basis are summarized as follows: Level 1

2019

2018

$1,074,264

$909,070

1,741,554

1,472,737

Short term fixed inome

273,152

203,208

Intermediate term fixed income

399,786

285,763

International bond

591,453

447,751

Domestic bond

690,438

503,483

$4,770,647

$3,822,012

MUTUAL FUNDS International equity Domestic equity

NOTE D INVESTMENTS Investments are carried at market. The following summarizes the relationship between cost and carrying values at market value at June 30, 2019 and 2018, and the related investment income included in the statements of activities

2019 Cost

2018 Market

Cost

Market

Mutual Funds Equity

$977,241 $1,074,264

$783,588

$909,070

Fixed income

2,905,653

2,317,362

2,912,942

3,696,383

Mutual funds are valued at the net asset value of shares held by GEM at year-end.

$3,882,894 $4,770,647 $3,100,950 $3,822,012

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

25

NOTES TO FINANCIAL STATEMENTS June 30, 2019 and 2018

NOTE F PROPERTY AND EQUIPMENT

NOTE H NET ASSETS WITHOUT DONOR RESTRICTIONS The board has committed to the following fellowships:

Property and equipment consist of the following:

Fixtures and equipment Website Phone and security system equipment Buildings

Accumulated depreciation

2019 $101,402

2018 $101,402

172,199

172,199

19,143

19,143

950,983

950,983

1,243,727

1,243,727

(533,692)

(504,404)

$710,035

$739,323

NOTE G LONG-TERM DEBT Long-term debt is as follows:

Mortgage payable, interest at 4.25%, monthly payments of $4,952, payable to maturity in November 2024, secured by building Current portion

2019 $287,198

2018 $333,156

(48,229)

(46,226)

$238,969

$286,930

Future maturities of long-term debt are as follows:

Year Ending June 30,

2020

48,229

2021

50,319

2022

52,500

2023

54,775

2024

57,149

Thereafter

24,226 $287,198

2019

2018

M.S. Engineering Fellowship Program

$1,680,000

$1,680,000

Ph.D. Engineering & Science Fellowship Program

1,680,000

1,680,000

GEM FELLOWSHIPS

Net assets of $2,898,945, and $1,526,973, respectively are designated for operations and fellowship expenses by the board for the years ended June 30, 2019 and 2018.

Endowment GEM classifies as endowment net assets (1) the original value of gifts donated to the endowment, (2) the original value of subsequent gifts to the endowment and (3) enhancements or diminishments of the fund from investment income, loss and spending allowance.

Return Objectives and Risk Parameters GEM has adopted investment and spending policies for endowment assets that attempt to provide a relatively predictable and growing stream of annual distributions in support of the institution while preserving the longterm, real purchasing power of assets.

Strategies Employed for Achieving Objectives To satisfy its long-term rate-of-return objectives, GEM relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). GEM’s current assets allocation for endowment funds is structured to achieve the appropriate level of investment return.

As of June 30, 2019, GEM’s net asset endowment is invested in a diversified portfolio of equities and fixed assets. GEM intends to use endowment net assets to support operations in accordance with donor stipulations. Each year, the investment committee recommends expenditures based on portfolio growth and earnings. Half of the portfolio earnings, up to 3% of the portfolio value, may be distributed to the general operating accounts of GEM. There were no endowment expenditures during the year ended June 30, 2019. Endowment expenditures totaled $102,000 for the year ended June 30, 2019 and 2018.

Endowment net assets consist of the following:

BEGINNING BALANCE

2019 $3,988,719

2018 $3,860,349

Contributions Investment gain

283,788

244,363

Investment expenses

(15,153)

(13,993)

Transfer from operating

680,000

-

-

(102,000)

$4,937,354

$3,988,719

Operation expenditures ENDING BALANCE

Endowment net assets are designated for the following purposes as of June 30, 2019 and 2018.

Operations

26

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

2019 $4,937,354

2018 $3,988,719

NOTES TO FINANCIAL STATEMENTS June 30, 2019 and 2018

NOTE I PROGRAM INFORMATION

NOTE L LIQUIDITY

GEM presently operates the following programs:

As part of the National Consortium for Graduate Degrees for Minorities’ liquidity management, GEM’s strategy is to structure financial assets to be available to satisfy cash needs for general expenditures and current liabilities with a goal to meet at least 30 days of normal operating expenses, which are on average $11,400 per day. GEM’s financial assets available to meet cash needs for general expenditure include:

GEM M.S. Engineering Fellowship Program - The objective of the master’s program is to increase the pool of minority M.S. engineering graduates.

Each participant is afforded a summer internship experience and a portable academic fellowship of tuition, fees and stipend. Fellows are supported for three semesters or four quarters.

GEM Ph.D. Engineering Fellowship Program - This program’s objective is to offer post-master’s fellowships to under-represented minority students.

Fellowships may be used at any participating GEM member university.

Tuition, fees and an academic year stipend are provided, and the students are afforded a summer internship experience before the start of the first academic year under the program. Fellows may also be required to accept a research or teaching assistantship.

GEM Ph.D. Science Fellowship Program - The goal of this program is to increase the number of minority students pursuing doctoral degrees in the natural, physical and life sciences (chemistry, physics, mathematics and computer science, as well as the earth, biological and pharmaceutical sciences). Fellowships are portable to any participating GEM member university and include a stipend, tuition and fees, along with an opportunity for a summer internship experience before the start of the first academic year under the program. Fellows may be required to accept a research or teaching assistantship.

For the years ended June 30, 2019 and 2018, a GEM employer or university member pays a non-refundable annual membership fee of $2,500 or $5,000, respectively, to belong to the National GEM Consortium.

Cash

2019

2018

$1,438,188

$949,452

851,005

1,121,661

$2,289,193

$2,071,113

Membership fees and other receivables

In addition, GEM has investments which may be drawn upon in the event of immediate liquidity need resulting from events outside the typical life cycle of converting financial assets or settling financial liabilities.

NOTE M SUBSEQUENT EVENTS GEM evaluated its June 30, 2019 financial statements for subsequent events through the date the financial statements were issued. As a result of the spread of the COVID-19 coronavirus, economic uncertainties have arisen which are likely to have effect on daily operations. Financial impact could occur though such potential impact is unknown at this time.

The membership fees and additional contributions are recorded as revenue for the purpose of funding GEM programs and extensions.

Effective September 1, 2019, GEM received a grant from the National Science Foundation for A National Initiative to Develop Diversity and Inclusion Infrastructure for the NSF I-Corps Program for an amount up to $3,498,254 that expires August 31, 2022.

NOTE J CLASSIFICATION OF EXPENSES

NOTE N PRIOR PERIOD RESTATEMENT

The functional classification of expenses is as follows:

The 2018 financial statements have been restated to recognize fellowship contribution revenues from employers in prior years. The restatement decreased net assets at June 30, 2017 $583,334. The restatement increased membership fees and other receivables at June 30, 2018 by $987,661, decreased deferred revenue at June 30, 2018 by $476,500, increased accounts and fellowship payable at June 30, 2018 by $423,337 and increased net assets at June 30, 2018 by $1,040,824.

2019

2018

$2,536,663

$1,386,505

846,336

849,307

FUND-RAISING

266,778

228,154

GENERAL AND ADMINISTRATIVE

557,814

569,163

$4,207,591

$3,033,129

PROGRAM EXPENSES Fellowships Program activities

NOTE K 401(k) PLAN GEM has a defined contribution plan (i.e., Section 401(k) under the Internal Revenue Code). GEM contributions are discretionary and determined annually by management. The plan also allows employee contributions through salary reduction. GEM’s contributions for the years ended June 30, 2019 and 2018, were $12,440 and $11,272, respectively.

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

27

2018-2019 DONOR LIST University Members Arizona State University Auburn University Binghamton University Boston University Brown University California Institute of Technology Carnegie Mellon University Case Western Reserve University Clemson University Colorado School of Mines Columbia University Cornell University Drexel University Duke University Emory University Florida International University Florida State University Georgia Institute of Technology Harvard University Howard University Illinois Institute of Technology Indiana University Iowa State University Johns Hopkins University Louisiana State University Massachusetts Institute of Technology Michigan State University Michigan Technological University Mississippi State University Missouri University of Science and Technology New Jersey Institute of Technology North Carolina A&T State University North Carolina State University Northeastern University Northwestern University Ohio State University Pennsylvania State University Prairie View A&M University Princeton University Purdue University Rensselaer Polytechnic Institute Rice University Rochester Institute of Technology Rutgers University Stanford University Stevens Institute of Technology Stony Brook University Syracuse University Texas A&M University Texas Tech University The City College of New York Tufts University Tulane University Tuskegee University University California Davis University of Alabama University of Alabama, Huntsville

28

University of Arizona University of Arkansas University of California, Berkeley University of California, Irvine University of California, Los Angeles University of California, Merced University of California, Riverside University of California, San Diego University of California, Santa Barbara University of Central Florida University of Chicago University of Colorado Boulder University of Connecticut University of Delaware University of Florida University of Houston University of Illinois at Urbana-Champaign University of Illinois Chicago University of Iowa University of Kansas University of Kentucky University of Louisville University of Maryland, Baltimore County University of Maryland, College Park University of Massachusetts, Amherst University of Michigan University of Minnesota University of Missouri, Columbia University of New Mexico University of Notre Dame University of Oklahoma University of Pennsylvania University of Pittsburgh University of Puerto Rico, Mayaguez Campus University of Rochester University of South Carolina University of South Florida University of Southern California University of Tennessee, Knoxville University of Texas - Austin University of Texas at El Paso University of Virginia University of Washington University of Wisconsin, Madison Vanderbilt University Virginia Polytechnic Institute & State University Washington State University Worcester Polytechnic Institute Yale University

THE NATIONAL CONSORTIUM | 2018-2019 ANNUAL REPORT

Employer Representatives 3M Company Adobe Systems Incorporated Aerospace Corporation Booz Allen Hamiltion Brookhaven National Laboratory Corning Incorporated Draper Laboratory Eaton ExxonMobil Fermi National Accelerator Laboratory Intel Corporation Johns Hopkins University Applied Physics Laboratory Johnson & Johnson

Lawrence Berkeley National Laboratory Lawrence Livermore National Laboratory Lexmark International, Inc. Los Alamos National Laboratory MIT Lincoln Laboratory MITRE Corporation National Renewable Energy Laboratory Northrop Grumman Oak Ridge National Laboratory Pacific Northwest National Laboratory Qualcomm, Inc. Sandia National Laboratories Shell Oil Company

Alumni & General Giving From $1,000 and above Sara Perkovic Michael Greene Edward Garcia Tony & Cathy Tarango-Flores David Alexander Anthony Jackson Dr. Araba Lamouse-Smith Eric Evans Jeri Isbell Johney Green Karolyn Young Loretta Cheeks Reginald Van Lee From $200 - $999 Benevity Fund Bernadette A Carter Tori L. Bailey Anthony B Will Bruce Lindvale Felicia Becker Rajesh Sinha Dr. Jesse Johnson Network for Good Enold Pierre-Louis Ana Maria Pinto da Silver Frank Schimmoller Dawit Negussey PhD Delano Carter Eric King Ernesto Morales-Perea Hector G Trevino

From $1 - $199 Adam Lowery Gerald T. Charles Jr. Donors:John R. Morales Jasmine D Crenshaw Kenneth Baker Colette Flood Delores Baker Francis S Bernard Laura D Stubbs Nilo Rivera Reates K. Curry PhD Shameeka Emanuuel Valentina Palmiotti

GEM BOARD OF DIRECTORS 2018-2019

CHAIR

Michael A. Greene Vice President, Software & Services Group, General Manager, System Technologies & Optimization, Intel Corporation

VICE CHAIR

Johney B. Green, Jr., PhD Associate Laboratory Director of Mechanical and Thermal Engineering Sciences National Renewable Energy Laboratory

VICE CHAIR

Felicia Benton - Johnson, EdD Assistant Dean, College of Engineering Director of Diversity & Engineering, Education Outreach Georgia Institute of Technology

Sheri Depp Global Director, Human Resources Lexmark International

GEM STAFF

Percy Gilbert, PhD Vice President, Enterprise Systems Product Engineering and Memory/Flash Development IBM Corporation

Marcus A. Huggans, Ph.D. Senior Director, External Relations

Jorge Leis, PhD Head of Oil and Gas Practice Bain & Company John “Jack” Lesko, PhD Assoc. Dean of Research & Graduate Studies, College of Engineering Virginia Polytech Inst. & State University

TREASURER

Bruce Lindvall, PhD Assistant Dean of Graduate Studies, McCormick School of Engineering Northwestern University

SECRETARY

Christine Ortiz, PhD Morris Cohen Professor of Material Science & Engineering Massachusetts Institute of Technology

Anthony “TJ” Jackson Senior Engineer, Applied Physics Laboratory/Johns Hopkins University

Darryll Pines, PhD Dean, A James Clark School of Engineering University of Maryland

Greg Anderson Vice President of Corporate Research Lab 3M Sharnnia Artis, PhD Assistant Dean & Director of the Center for Diversity in Engineering UC-Irvine Romayne Botti Vice Chancellor for Finance Rutgers University Terrence Buck Sr. Inclusion & Diversity Consultant, Human Resources Idaho National Laboratory Avery H. Demond, PhD Professor of Civil and Environmental Engineering University of Michigan

Sara Perkovic, PhD Director, Adobe Research Adobe Gregory Singleton Director, Engineering Student Services The University of Alabama La’Tonia Stiner-Jones, PhD Assistant Dean of Graduate Programs, College of Engineering Ohio State University Mark Vaughn, PhD Technicla Talent Pipelining, Manager Led of Technology Corning Incorporated

Brennon Marcano CEO

Jamie D. Hicks Manager, Accounting & Operations Kia Johnson Coordinator, Client Relations Joann Ransom Coordinator, Programs Valerie D. Washington Executive Assistant to the CEO Antonio Storey Office Administrator

1430 Duke Street Alexandria, VA 22314 703-562-3646 gemfellowship.org info@gemfellowship.org