ET is out there. But I beleive ET may possibly be less intelligent than us in some cases. We seem to think we are the younger race especially in movies but its entirely possible we are the elder race :)
SETI@home and Astropulse are funded by grants from the National Science Foundation, NASA, and donations from SETI@home volunteers. AstroPulse is funded in part by the NSF through grant AST-0307956.