Civic Intelligence

American Society of Mechanical Engineers

EIN 13-1623899 • 501(c)3 • New York, NY

View Organization Page

Profile

THE MISSION OF THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS ("ASME") IS TO ADVANCE ENGINEERING FOR THE BENEFIT OF HUMANITY.

Two Park AvenueNew York, NY 10016

www.asme.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.36x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.60x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

13th percentile

-12%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$2,305,655

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

7th percentile

-9.6%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-15%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$226,598,178

Down $24,107,062 (-9.6%) from 2023

Liabilities

Down

$81,586,516

Down $19,147,836 (-19%) from 2023

Net Assets

Down

$145,011,662

Down $4,959,226 (-3.3%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin13th percentile

Revenue

Down

$136,701,086

Down $23,765,552 (-15%) from 2023

Expenses

Up

$152,496,058

Up $22,396,561 (+17%) from 2023

Net Income

Down

-$15,794,972

Down $46,162,113 (-152%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $116,114,389Liabilities 2010: $53,375,411Net Assets 2010: $62,738,9782010Assets 2011: $159,939,112Liabilities 2011: $70,172,550Net Assets 2011: $89,766,5622011Assets 2012: $155,822,510Liabilities 2012: $77,133,010Net Assets 2012: $78,689,5002012Assets 2013: $164,052,958Liabilities 2013: $73,232,592Net Assets 2013: $90,820,3662013Assets 2014: $189,185,105Liabilities 2014: $83,989,480Net Assets 2014: $105,195,6252014Assets 2015: $175,972,214Liabilities 2015: $82,741,373Net Assets 2015: $93,230,8412015Assets 2016: $179,724,765Liabilities 2016: $90,861,361Net Assets 2016: $88,863,4042016Assets 2017: $172,887,128Liabilities 2017: $74,000,175Net Assets 2017: $98,886,9532017Assets 2018: $180,151,616Liabilities 2018: $71,730,494Net Assets 2018: $108,421,1222018Assets 2019: $164,266,030Liabilities 2019: $60,172,176Net Assets 2019: $104,093,8542019Assets 2020: $151,530,711Liabilities 2020: $63,965,045Net Assets 2020: $87,565,6662020Assets 2021: $177,574,778Liabilities 2021: $62,066,503Net Assets 2021: $115,508,2752021Assets 2022: $168,830,284Liabilities 2022: $55,199,501Net Assets 2022: $113,630,7832022Assets 2023: $250,705,240Liabilities 2023: $100,734,352Net Assets 2023: $149,970,8882023Assets 2024: $226,598,178Liabilities 2024: $81,586,516Net Assets 2024: $145,011,6622024

Highlighted filing

2024

Assets$226,598,178
Liabilities$81,586,516
Net Assets$145,011,662
Open 2024 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $87,879,0412010Expenses 2011: $88,465,0152011Expenses 2012: $95,252,9162012Expenses 2013: $94,635,8642013Revenue 2014: $102,440,358Expenses 2014: $100,602,248Net Income 2014: $1,838,1102014Revenue 2015: $101,851,039Expenses 2015: $99,038,403Net Income 2015: $2,812,6362015Revenue 2016: $98,045,722Expenses 2016: $96,650,154Net Income 2016: $1,395,5682016Revenue 2017: $96,206,928Expenses 2017: $95,644,932Net Income 2017: $561,9962017Revenue 2018: $100,992,241Expenses 2018: $99,379,658Net Income 2018: $1,612,5832018Revenue 2019: $109,310,222Expenses 2019: $104,477,633Net Income 2019: $4,832,5892019Revenue 2020: $102,366,286Expenses 2020: $108,066,134Net Income 2020: -$5,699,8482020Revenue 2021: $95,811,317Expenses 2021: $87,905,307Net Income 2021: $7,906,0102021Revenue 2022: $115,160,921Expenses 2022: $98,210,814Net Income 2022: $16,950,1072022Revenue 2023: $160,466,638Expenses 2023: $130,099,497Net Income 2023: $30,367,1412023Revenue 2024: $136,701,086Expenses 2024: $152,496,058Net Income 2024: -$15,794,9722024

Highlighted filing

2024

Revenue$136,701,086
Expenses$152,496,058
Net Income-$15,794,972
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$226,598,178
Liabilities
$81,586,516
Net assets
$145,011,662
Revenue
$136,701,086
Expenses
$152,496,058
Net income
-$15,794,972
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$227$81.6$145$137$152$15.8
2023Summary only. Only limited summary data is available for this year.$251$101$150$160$130$30.4
2022Summary only. Only limited summary data is available for this year.$169$55.2$114$115$98.2$17.0
2021Summary only. Only limited summary data is available for this year.$178$62.1$116$95.8$87.9$7.91
2020Summary only. Only limited summary data is available for this year.$152$64.0$87.6$102$108$5.70
2019Summary only. Only limited summary data is available for this year.$164$60.2$104$109$104$4.83
2018Summary only. Only limited summary data is available for this year.$180$71.7$108$101$99.4$1.61
2017Summary only. Only limited summary data is available for this year.$173$74.0$98.9$96.2$95.6$0.56
2016Summary only. Only limited summary data is available for this year.$180$90.9$88.9$98.0$96.7$1.40
2015Summary only. Only limited summary data is available for this year.$176$82.7$93.2$102$99.0$2.81
2014Summary only. Only limited summary data is available for this year.$189$84.0$105$102$101$1.84
2013Summary only. Only limited summary data is available for this year.$164$73.2$90.8$94.6
2012Summary only. Only limited summary data is available for this year.$156$77.1$78.7$95.3
2011Summary only. Only limited summary data is available for this year.$160$70.2$89.8$88.5
2010Summary only. Only limited summary data is available for this year.$116$53.4$62.7$87.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$154,838,128
Mission and Program Overview

Mission

The mission of the american society of mechanical engineers ("asme") is to serve diverse global communities by advancing, disseminating and applying engineering knowledge for improving the quality of life; and communicating the excitement of engineering.

To advance engineering for the benefit of humanity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$109,312,062$167,675,871▲ $58,363,809
Cash and Non-Interest-Bearing Accounts$84,421,471$24,529,606▼ $59,891,865
Accounts Receivable$14,339,861$18,725,598▲ $4,385,737
Prepaid Expenses and Deferred Charges$6,550,218$8,256,700▲ $1,706,482
Land, Buildings, and Equipment, Net$8,585,329$4,764,597▼ $3,820,732
Other Notes and Loans Receivable, Net$1,509,712$134,116▼ $1,375,596
Total Assets$250,705,240$226,598,178▼ $24,107,062
Other Assets Total$25,986,587$2,511,690▼ $23,474,897
Liabilities
Accounts Payable and Accrued Expenses$35,484,770$33,904,937▼ $1,579,833
Deferred Revenue$39,251,606$27,001,633▼ $12,249,973
Other Liabilities$25,997,976$20,679,946▼ $5,318,030
Total Liabilities$100,734,352$81,586,516▼ $19,147,836
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$149,536,626$144,555,860▼ $4,980,766
Net Assets With Donor Restrictions$434,262$455,802▲ $21,540
Total Net Assets Fund Balance$149,970,888$145,011,662▼ $4,959,226
Total Liabilities and Net Assets / Fund Balance$250,705,240$226,598,178▼ $24,107,062

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,776,004$33,031,038$36,807,042
Leasehold Improvements$632,981$2,673,798$3,306,779
Other Land Buildings$355,612$1,247,076$1,602,688

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$434,262-▲ $24,251$2,711$455,802
2022$420,654-▲ $22,994$9,386$434,262
2021$464,576-▼ $25,344$18,578$420,654
2020$427,775-▲ $57,065$20,264$464,576
2019$449,441-▲ $7,162$28,828$427,775
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas CostabileExecutive Director/CEOFT$709,155$1,596,500$2,305,655
William GarofaloChief Financial OfficerFT$449,665$558,285$1,007,950
Michael JohnsonChief Strategy OfficerFT$457,988$507,723$965,711
John Delli VenneriGeneral CounselFT$400,175$476,638$876,813
Jeffrey PattersonChief Operating OfficerFT$429,476$354,274$783,750
Chandra CloudenChief Hr OfficerFT$344,137$335,838$679,975
Allian PrattChief Leadership Engagement OfficerFT$315,315$358,991$674,306
Josh HeitsenretherSr. Managing DirectorFT$311,669$190,778$502,447
Steve PapaganeresManaging Director, FinanceFT$223,175$270,411$493,586
Keith BloeschSr. Managing DirectorFT$320,912$159,873$480,785
Thomas MeehanControllerFT$248,161$231,234$479,395

Board Members and Trustees

NameTitle
Thomas R KurfessPresident (exiting)/member
Susan Ipri-brownPresident (incumbent)/member
David SchlesingerMember at Large
Jared OehringMember at Large
Kathryn JablokowMember at Large
Monica Moman-saundersMember at Large
Patrick ViethMember at Large
Andrew BicosMember at Large (end 6/3/24)
Samuel KorellisMember at Large (end 6/3/24)
Thomas GardnerMember at Large (end 6/3/24)
Wolf YeighMember at Large (end 6/3/24)
Janis TerpennyMember at Large (start 6/3/24)
Lester SuMember at Large (start 6/3/24)
Nicole DyessMember at Large (start 6/3/24)
William KingMember at Large (start 6/3/24)
Alma FallonMember at Large (start 7/1/23)
Tara McmahanSecretary/treasurer (start 10/11/23)

Highest Paid Contractors

ContractorServicesLocationCompensation
CloudmasonryTechnology Consulting Services330 NORTH WABASH 23RD FLOOR, Chicago, IL 69611$1,983,589
Buck Strategy LLCBrand Development Services323 SENATOR STREET, Brooklyn, NY 11220$1,676,749
Audio Video Production Group LLCAv Production Services1800 HUEY P LONG AVE STE K, Gretna, LA 70053$1,271,512
Wilmer Cutler Pickering Hale And Dorr LlLegal Services60 STATE STREET, Boston, MA 02109$976,974
Trendline Interactive LLCMarketing Services11612 BEE CAVES RD, Austin, TX 78738$869,730
Revenue and Support

Revenue Composition

Contributions and Grants
$3,323,009
Program Service Revenue
$58,592,809
Investment Income
$-5,026,644
Other Revenue
$79,811,912
All Other Contributions
$1,985,222
Change in Net Assets
$-15,794,972
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,553,730
Salaries, Compensation, and Employee Benefits$72,292,589
Grants and Similar Amounts Paid$2,467,295
Professional Fundraising Fees$182,444
Total Fundraising Expense$182,444

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$29,034,528$16,851,221-$45,885,749
Occupancy$116,858$20,041,088-$20,157,946
Other Employee Benefits$8,465,890$6,308,194-$14,774,084
Conferences and Meetings$7,349,483$277,783-$7,627,266
Current Officers, Directors, Trustees, and Key Employees$4,189,044$2,430,810-$6,619,854
Depreciation Depletion$471,419$5,958,688-$6,430,107
Information Technology$3,098,978$3,151,801-$6,250,779
Fees for Services Other$4,994,404$78,771-$5,073,175
All Other Expenses$4,074,106--$4,074,106
Travel$2,358,386$1,513,302-$3,871,688
Payroll Taxes$2,013,986$1,167,164-$3,181,150
Advertising$2,868,915$5,100-$2,874,015
Grants to Domestic Orgs$2,467,295--$2,467,295
Office Expenses$2,105,195$67,238-$2,172,433
Pension Plan Contributions$1,159,682$672,070-$1,831,752
Fees for Services Legal$1,388,885$171,419-$1,560,304
Insurance$20,038$1,205,540-$1,225,578
Other Expenses$57,842$202,723-$260,565
Fees for Services Accounting$9,781$238,963-$248,744
Fees for Service Investment Mgmnt Fees-$200,923-$200,923
Fees for Services Professional Fundraising--$182,444$182,444
Fees for Services Lobbying$61,847--$61,847
Total Functional Expenses$90,819,600$61,494,014$182,444$152,496,058
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Asme Foundation IncNew York, NY501(c)(3)Mission-driven Programs$2,467,295

International Summary

Offices
1
Employees
2
Spending
$1,032,214

International Compliance

Activity in boycott countries
Yes
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaProgram ServicesPromoting Standards, Conferences, Publications, Training, & Conformity Assessments00$768,252
East Asia and the PacificProgram ServicesPromoting Codes & Skills Development With Courses, Conferences, & Resources12$263,962
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$182,444
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$20,679,946
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Asme is a membership organization and has no stockholders.”

Form 990, Part VI, Section A, Line 7A

“Asme's members elect members of the asme board of governors.”

Form 990, Part VI, Section A, Line 7B

“Decisions by the governing body to change the asme constitution are subject to approval by members.”

Form 990, Part VI, Section B, Line 11B

“The asme form 990 and supporting schedules are prepared by an independent accounting firm and submitted to management for review. All review notes are cleared, and changes are made. At the end of the review period, the draft 990 is made available to the asme board of governors (bog). When the bog review period is over, the 990 is provided to asme's independent accounting firm for electronic filing by the due date.”

Form 990, Part VI, Section B, Line 12C

“Asme has adopted a conflict of interest policy which applies to board members, officers, committee members and key employees of asme. On an annual basis, individuals covered under the conflict of interest policy are required to complete and sign a statement that he or she is in compliance with the policy. If a conflict is identified, the individual with such conflict is prohibited from participation in the deliberations and decisions in the transaction. The audit committee oversees the implementation of, and compliance with, the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15A

“The process for determining the compensation of the executive director/ceo includes a review by an independent compensation consultant of comparability data, including compensation surveys and form 990 data from similar organizations. This data is then provided to the executive director evaluation and staff compensation committee (edesc), a committee comprised of independent directors, who evaluate the data and make a salary recommendation to the board of governors. The final salary decision, based on the recommendation of the edesc, is approved by the board of governors, which contemporaneously documents the decision and the rationale of the decision.”

Form 990, Part VI, Section C, Line 19

“The asme constitution, by-laws, society policies including the conflict of interest policy, and the asme annual report can be found on the asme website.”

Filing and Contact Details

Filer

Filer Name
The American Society of Mechanical
EIN
13-1623899
Phone
2125917000
Address
TWO PARK AVENUE, NEW YORK, NY 10016

Signing Officer

Name
William Garofalo
Title
Chief Financial Officer
Phone
9732442255
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Costabile
Formed
1880
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
418
Volunteers
6,757

Preparer

Firm
Deloitte Tax Llp
Address
111 MONUMENT CIRCLE SUITE 4200, INDIANAPOLIS, IN 46204
Preparer
Jeffrey Frank
Phone
3174648600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Pension adjustments 897,483.”

Financial Statement Notes

PART V, LINE 4:

“Endowment funds are used for mechanical engineering awards and medals.”

PART X, LINE 2:

“The society recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change of judgment occurs. Any interest or penalties related to income tax matters are recorded as part of income tax expense. There are certain transactions that could be deemed unrelated business income and would result in a tax liability. It is management's estimation that there are no material income tax liabilities resulting from unrelated business income that need to be recorded at june 30, 2024 and 2023.”

Raw XML AppendixShowing 400 of 1,273 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt018725598
IRS990/ActivitiesConductedPrtshpInd00
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