SAE Foundation Annual Report 2011 - 31

Independent Auditors’ Report

To the Board of Directors SAE International Warrendale, Pennsylvania We have audited the accompanying statements of financial position of SAE Foundation (the Foundation) (a division of SAE International, a nonprofit organization) as of December 31, 2011 and 2010, and the related statements of activities and changes in net assets, and cash flows for the years then ended. These financial statements are the responsibility of the Foundation’s management. 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 of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of SAE Foundation (a division of SAE International) as of December 31, 2011 and 2010, and the changes in its net assets and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

March 14, 2012

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SAE Foundation Annual Report 2011

Table of Contents for the Digital Edition of SAE Foundation Annual Report 2011

SAE Foundation Annual Report 2011
Message From Chair
Impact
Programs
Revenue
Donor Lists
Financial Statements
Board and Committee Lists
SAE Foundation Annual Report 2011 - SAE Foundation Annual Report 2011
SAE Foundation Annual Report 2011 - 2
SAE Foundation Annual Report 2011 - Message From Chair
SAE Foundation Annual Report 2011 - Impact
SAE Foundation Annual Report 2011 - 5
SAE Foundation Annual Report 2011 - 6
SAE Foundation Annual Report 2011 - 7
SAE Foundation Annual Report 2011 - 8
SAE Foundation Annual Report 2011 - 9
SAE Foundation Annual Report 2011 - 10
SAE Foundation Annual Report 2011 - 11
SAE Foundation Annual Report 2011 - Programs
SAE Foundation Annual Report 2011 - 13
SAE Foundation Annual Report 2011 - Revenue
SAE Foundation Annual Report 2011 - 15
SAE Foundation Annual Report 2011 - 16
SAE Foundation Annual Report 2011 - 17
SAE Foundation Annual Report 2011 - Donor Lists
SAE Foundation Annual Report 2011 - 19
SAE Foundation Annual Report 2011 - 20
SAE Foundation Annual Report 2011 - 21
SAE Foundation Annual Report 2011 - 22
SAE Foundation Annual Report 2011 - 23
SAE Foundation Annual Report 2011 - 24
SAE Foundation Annual Report 2011 - 25
SAE Foundation Annual Report 2011 - 26
SAE Foundation Annual Report 2011 - 27
SAE Foundation Annual Report 2011 - Financial Statements
SAE Foundation Annual Report 2011 - 29
SAE Foundation Annual Report 2011 - 30
SAE Foundation Annual Report 2011 - 31
SAE Foundation Annual Report 2011 - 32
SAE Foundation Annual Report 2011 - 33
SAE Foundation Annual Report 2011 - 34
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SAE Foundation Annual Report 2011 - 49
SAE Foundation Annual Report 2011 - Board and Committee Lists
SAE Foundation Annual Report 2011 - 51
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