Civic Intelligence

The Asme Foundation Inc

EIN 13-3372934 • 501(c)3 • New York, NY

Profile

The asme foundation, inc., through generous support of the engineering community, funds programs in k-12 stem education, student and early career development, engineering for global development, and public policy.

Two Park AvenueNew York, NY 10016-5675

www.asmefoundation.org

Siviq Scores

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

Liabilities / Assets

27th percentile

0.05x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.31x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

80th percentile

28%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$2,305,655

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 37.2% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

50th percentile

5.1%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

32%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$37,755,783

Up $1,827,316 (+5.1%) from 2023

Liabilities

Down

$1,934,384

Down $1,234,793 (-39%) from 2023

Net Assets

Up

$35,821,399

Up $3,062,109 (+9.3%) from 2023

Operations
Liabilities / Revenue53rd percentileNet Margin80th percentile

Revenue

Up

$6,198,250

Up $1,517,478 (+32%) from 2023

Expenses

Up

$4,451,276

Up $568,967 (+15%) from 2023

Net Income

Up

$1,746,974

Up $948,511 (+119%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

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

$40M$30M$20M$10M$0Assets 2011: $23,782,816Liabilities 2011: $353,495Net Assets 2011: $23,429,3212011Assets 2012: $22,469,751Liabilities 2012: $481,756Net Assets 2012: $21,987,9952012Assets 2013: $22,834,389Liabilities 2013: $471,527Net Assets 2013: $22,362,8622013Assets 2014: $26,543,146Liabilities 2014: $2,861,588Net Assets 2014: $23,681,5582014Assets 2015: $22,836,620Liabilities 2015: $1,225,018Net Assets 2015: $21,611,6022015Assets 2016: $21,045,866Liabilities 2016: $1,034,110Net Assets 2016: $20,011,7562016Assets 2017: $21,820,700Liabilities 2017: $774,680Net Assets 2017: $21,046,0202017Assets 2018: $25,335,656Liabilities 2018: $386,218Net Assets 2018: $24,949,4382018Assets 2019: $26,225,168Liabilities 2019: $369,144Net Assets 2019: $25,856,0242019Assets 2020: $26,496,154Liabilities 2020: $851,469Net Assets 2020: $25,644,6852020Assets 2021: $33,818,246Liabilities 2021: $1,602,374Net Assets 2021: $32,215,8722021Assets 2022: $32,698,395Liabilities 2022: $2,744,594Net Assets 2022: $29,953,8012022Assets 2023: $35,928,467Liabilities 2023: $3,169,177Net Assets 2023: $32,759,2902023Assets 2024: $37,755,783Liabilities 2024: $1,934,384Net Assets 2024: $35,821,3992024

Highlighted filing

2024

Assets$37,755,783
Liabilities$1,934,384
Net Assets$35,821,399
Open 2024 Filing

Operations Trend

Revenue Growth80th percentile

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

$10M$5.0M$0-$5.0MExpenses 2011: $801,9492011Expenses 2012: $2,490,8482012Revenue 2013: $2,202,978Expenses 2013: $2,760,200Net Income 2013: -$557,2222013Revenue 2014: $2,124,331Expenses 2014: $3,516,104Net Income 2014: -$1,391,7732014Revenue 2015: $4,228,915Expenses 2015: $3,566,395Net Income 2015: $662,5202015Revenue 2016: $2,131,257Expenses 2016: $2,746,305Net Income 2016: -$615,0482016Revenue 2017: $2,209,263Expenses 2017: $2,535,088Net Income 2017: -$325,8252017Revenue 2018: $5,441,199Expenses 2018: $2,607,474Net Income 2018: $2,833,7252018Revenue 2019: $3,044,921Expenses 2019: $2,654,667Net Income 2019: $390,2542019Revenue 2020: $1,897,480Expenses 2020: $1,596,002Net Income 2020: $301,4782020Revenue 2021: $3,028,197Expenses 2021: $2,092,793Net Income 2021: $935,4042021Revenue 2022: $6,696,684Expenses 2022: $2,717,248Net Income 2022: $3,979,4362022Revenue 2023: $4,680,772Expenses 2023: $3,882,309Net Income 2023: $798,4632023Revenue 2024: $6,198,250Expenses 2024: $4,451,276Net Income 2024: $1,746,9742024

Highlighted filing

2024

Revenue$6,198,250
Expenses$4,451,276
Net Income$1,746,974
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$37,755,783
Liabilities
$1,934,384
Net assets
$35,821,399
Revenue
$6,198,250
Expenses
$4,451,276
Net income
$1,746,974
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.8$1.93$35.8$6.20$4.45$1.75
2023Detailed filing. Detailed filing data is available for this year.$35.9$3.17$32.8$4.68$3.88$0.80
2022Detailed filing. Detailed filing data is available for this year.$32.7$2.74$30.0$6.70$2.72$3.98
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.8$1.60$32.2$3.03$2.09$0.94
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.5$0.85$25.6$1.90$1.60$0.30
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$0.37$25.9$3.04$2.65$0.39
2018Detailed filing. Detailed filing data is available for this year.$25.3$0.39$24.9$5.44$2.61$2.83
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.8$0.77$21.0$2.21$2.54$0.33
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.0$1.03$20.0$2.13$2.75$0.62
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.8$1.23$21.6$4.23$3.57$0.66
2014Detailed filing. Detailed filing data is available for this year.$26.5$2.86$23.7$2.12$3.52$1.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.8$0.47$22.4$2.20$2.76$0.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.5$0.48$22.0$2.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$0.35$23.4$0.80
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
$9,204,590
Mission and Program Overview

Mission

The asme foundation, inc. Through generous support of the engineering community, funds programs in k-12 stem education, student and early career development, engineering for global development, and public policy.

The asme foundation, inc. Funds and develops programs that support, create, (continued on sch. O) the asme foundation, inc. Funds and develops programs that support, create, and advance the field of engineering.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$30,276,729$34,133,761▲ $3,857,032
Cash and Non-Interest-Bearing Accounts$4,366,549$2,310,349▼ $2,056,200
Pledges and Grants Receivable$1,014,298$591,448▼ $422,850
Investments Program Related-$455,657-
Inventories for Sale or Use$262,432$264,568▲ $2,136
Other Notes and Loans Receivable, Net$8,115--
Savings and Temporary Cash Investments$344--
Total Assets$35,928,467$37,755,783▲ $1,827,316
Liabilities
Other Liabilities$1,597,439$1,725,733▲ $128,294
Accounts Payable and Accrued Expenses$1,571,738$208,651▼ $1,363,087
Total Liabilities$3,169,177$1,934,384▼ $1,234,793
Net Assets / Fund Balance
Net Assets With Donor Restrictions$20,265,166$22,851,991▲ $2,586,825
Net Assets Without Donor Restrictions$12,494,124$12,969,408▲ $475,284
Total Net Assets Fund Balance$32,759,290$35,821,399▲ $3,062,109
Total Liabilities and Net Assets / Fund Balance$35,928,467$37,755,783▲ $1,827,316

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$22,471,864$453,201▲ $2,816,361-$25,157,972
2022$20,350,316$467,143▲ $2,189,504-$22,471,864
2021$22,808,125$785,925▼ $2,842,206-$20,350,316
2020$18,342,290$441,014▲ $4,351,462-$22,808,125
2019$19,055,252$103,550▲ $482,800$937,929$18,342,290
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleOtherTotal
Gretchen CrutchfieldSecretary$134,658$134,658

Board Members and Trustees

NameTitle
Sonya SmithChair
Columbia MishraDirector
Karen OhlandDirector
Oscar BartonDirector
Thomas CostabileDirector, Ex-officio
Stephanie ViolaExecutive Director
Anand SethupathyFormer Interim Exec. Director
Thomas MeehanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,607,914
Program Service Revenue
$0
Investment Income
$2,461,441
Other Revenue
$128,895
All Other Contributions
$1,552,967
Change in Net Assets
$1,746,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,242,437
Salaries, Compensation, and Employee Benefits$1,941,976
Other Expenses$266,863
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,941,976--$1,941,976
Grants to Domestic Orgs$1,337,787--$1,337,787
Grants to Domestic Individuals$904,650--$904,650
Other Expenses$108,666--$108,666
Travel$43,402$17,822-$61,224
Fees for Service Investment Mgmnt Fees-$42,291-$42,291
Fees for Services Accounting-$27,000-$27,000
Fees for Services Legal-$16,462-$16,462
Occupancy-$11,091-$11,091
Fees for Services Other-$129-$129
Total Functional Expenses$4,336,481$114,795$0$4,451,276
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The American Society of Mechanical EngineersNew York, NY501(c)(3)Various Program Support$1,337,787

International Summary

Offices
0
Employees
0
Spending
$455,657

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaProgram ServicesPromoting Programs, Membership, and Engineering Education & Innovation.00$455,657
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$128,895
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Optimism Engineered$223,080$107,195-$107,195
Reinventing the Future$36,762$21,700-$21,700
Total Events$259,842$128,895-$128,895
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$1,725,733
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The american society of mechanical engineers is the sole member of the asme foundation, inc.”

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

“The american society of mechanical engineers,the sole member of the asme foundation, inc., has the power to elect the directors of the asme foundation, inc.”

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

“An independent accounting firm prepares the irs form 990 and provides an electronic copy to the asme foundation inc.'s treasurer. The treasurer reviews the 990 and upon completion circulates to the chair and the executive director. This occurs prior to the date required for submission to the irs. The final draft that will be submitted to the irs is then distributed to the full asme foundation inc. Board of directors prior to filing with the irs. Form 990 is filed with the irs electronically.”

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

“The asme foundation, inc. Has adopted a conflict of interest policy which applies to board members, officers and committee members of the asme foundation, inc. On an annual basis, individuals covered under the conflicts 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 conflicts of interest policy.”

Form 990, Part VI, Section C, Line 19

“Availability of documents the asme foundation, inc. Uses the asme.org website to make available to the public certain documents including its policies and annual report with the financial statements. Copies of these documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Asme Foundation Inc
EIN
13-3372934
Phone
2125917000
Address
TWO PARK AVENUE, NEW YORK, NY 10016-5675

Signing Officer

Name
Thomas Meehan
Title
Treasurer
Phone
2125917000
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Viola
Formed
1986
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
0
Volunteers
75

Preparer

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

Additional Explanations

PART V, LINE 2A:

“The foundation has no employees. All individuals providing services to the foundation are employed and paid by the american society of mechanical engineers ("asme"). All forms w-2 are issued by asme. The portion of their salaries allocated to time worked for the foundation has been properly reported as foundation salary expense.”

FORM 990, PART XI, LINE 9:

“Present value adj to annuities payable -80,145.”

Financial Statement Notes

PART V, LINE 4:

“The asme foundation, inc. Uses endowment funds for scholarships, engineering awards and fellowships. The asme foundation, inc. Also uses endowment funds for initiatives that encourage math, science and engineering literacy, host engineering design competitions for college students, and fund programs that encourage the development of sound public policy.”

PART X, LINE 2:

“There are certain transactions that could be deemed unrelated business income and would result in a tax liability. Management reviews transactions to estimate potential tax liabilities using a threshold of more likely than not. It is management's estimation that there are no material income tax liabilities that need to be recorded at june 30, 2024.”

Raw XML AppendixShowing 400 of 706 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.

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IRS990/ActivityOrMissionDesc0THE ASME FOUNDATION, INC. FUNDS AND DEVELOPS PROGRAMS THAT SUPPORT, CREATE, (CONTINUED ON SCH. O) THE ASME FOUNDATION, INC. FUNDS AND DEVELOPS PROGRAMS THAT SUPPORT, CREATE, AND ADVANCE THE FIELD OF ENGINEERING.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR, EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8FORMER INTERIM EXEC. DIRECTOR
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IRS990/GrantsToOrganizationsInd01
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE ASME FOUNDATION, INC. THROUGH GENEROUS SUPPORT OF THE ENGINEERING COMMUNITY, FUNDS PROGRAMS IN K-12 STEM EDUCATION, STUDENT AND EARLY CAREER DEVELOPMENT, ENGINEERING FOR GLOBAL DEVELOPMENT, AND PUBLIC POLICY.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01377775
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0128895
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt011091
IRS990/OccupancyGrp/TotalAmt011091
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0CERTIFICATES, PLAQUES &
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IRS990/OtherExpensesGrp/TotalAmt0108666
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IRS990/OtherLiabilitiesGrp/EOYAmt01725733
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IRS990/OtherSalariesAndWagesGrp/TotalAmt01941976
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0591448
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEPHANIE VIOLA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0FEDERAL FELLOWS AND GLOBAL DEVELOPMENT: AS PART OF A CONTINUED EFFORT TO HELP ENGINEERS PLAY CRITICAL ROLES AS ADVISORS, RESEARCHERS, AND TEACHERS, THE ASME FOUNDATION, INC. SUPPORTED 8 FELLOWSHIPS. INCLUDED ARE: GRADUATE TEACHING FELLOWS WHO ARE OUTSTANDING DOCTORAL CANDIDATES IN MECHANICAL ENGINEERING EDUCATION, AND FEDERAL FELLOWS WHO SERVED IN EXECUTIVE AND LEGISLATIVE BRANCHES OF THE FEDERAL GOVERNMENT AND ADVISE ON ENERGY, MANUFACTURING, INFRASTRUCTURE, AND TECHNOLOGY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01155771
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0480417
IRS990/ProgSrvcAccomActy3Grp/Desc0STEM: IN ORDER TO SPARK A PASSION FOR STEM IN YOUTH, PROVIDING STUDENTS WITH A DYNAMIC LOOK AT THE WORLD OF ENGINEERING INNOVATION IS A CRITICAL FIRST STEP TO A REWARDING, FULLFILLING CAREER IN THE FIELD. THE ASME FOUNDATION, INC. SUPPORTS INITIATIVES IN K-12 SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM); UNIVERSITY STUDENT & EARLY CAREER DEVELOPMENT; INCLUDING INSPIRE. INSPIRE IS A UNIQUE DIGITAL PLATFORM THAT UTILIZES DIGITAL TOOLS LIKE GAMING AND VIRTUAL SIMULATIONS TO TEACH CRITICAL, CAREER-FOCUSED TECHNOLOGY AND CODING SKILLS WHILE EXPOSING STUDENTS TO STEM OPPORTUNITIES THAT THEY MIGHT NEVER HAVE DREAMED WERE WITHIN THEIR REACH. DURING ITS TENTH YEAR, THE ASME'S FOUNDATION'S K-12 PROGRAMS WERE AVAILABLE TO SCHOOLS IN ALL 50 STATES, REACHING OVER 70,000 STUDENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02056478
IRS990/ProgSrvcAccomActy3Grp/GrantAmt01067083
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03714469
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IRS990/PYInvestmentIncomeAmt0966303
IRS990/PYOtherExpensesAmt0255692
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0798462
IRS990/PYSalariesCompEmpBnftPaidAmt01331292
IRS990/PYTotalExpensesAmt03882310
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04680772
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01746974
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
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IRS990/ReportInvestmentsOtherSecInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01337787
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01337787
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt018342290
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0937929
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01725733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNUITIES PAYABLE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.26050
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASME FOUNDATION, INC. USES ENDOWMENT FUNDS FOR SCHOLARSHIPS, ENGINEERING AWARDS AND FELLOWSHIPS. THE ASME FOUNDATION, INC. ALSO USES ENDOWMENT FUNDS FOR INITIATIVES THAT ENCOURAGE MATH, SCIENCE AND ENGINEERING LITERACY, HOST ENGINEERING DESIGN COMPETITIONS FOR COLLEGE STUDENTS, AND FUND PROGRAMS THAT ENCOURAGE THE DEVELOPMENT OF SOUND PUBLIC POLICY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL INCOME TAX LIABILITIES THAT NEED TO BE RECORDED AT JUNE 30, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.44020
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt01725733
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SOUTH ASIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PROMOTING PROGRAMS, MEMBERSHIP, AND ENGINEERING EDUCATION & INNOVATION.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt015062
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0OPTIMISM ENGINEERED
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0REINVENTING THE FUTURE
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt036762
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt021700
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0128895
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0479000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1246000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1FELLOWSHIPS AND GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0147
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt18
IRS990ScheduleI/RecipientTable/CashGrantAmt01337787
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0VARIOUS PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS
IRS990ScheduleI/RecipientTable/RecipientEIN0131623899
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02 PARK AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010016
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE AMOUNT REPORTED IS A CONTRIBUTION TO THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS, A 501 (C)(3) ORGANIZATION FOR USE IN THEIR EXEMPT PURPOSE. THE ASME FOUNDATION, INC. IS MANAGED BY THE SAME PERSONS THAT MANAGE ASME. DUE TO THE RELATIONSHIP BETWEEN ASME AND THE ASME FOUNDATION, INC., THE ASME FOUNDATION INC. HAS SUBSEQUENT OVERSIGHT AS TO HOW GRANTS ARE USED. THERE ARE MANY DIFFERENT METHODS THAT THE ASME FOUNDATION, INC. UTILIZES TO MONITOR THE EFFECTIVE USE OF GRANT FUNDS TO INDIVIDUALS. THERE IS A COMMITTEE OF VOLUNTEERS THAT PROVIDES OVERSIGHT IN EACH SECTOR WHERE A GRANT HAS BEEN AWARDED. THESE COMMITTEES HAVE STAFF AND VOLUNTEER EXPERTS IN THE FIELD WHERE THE GRANT FUNDS ARE BEING USED. WITH RESPECT TO THE FEDERAL FELLOW GRANTS, MEETINGS ARE HELD MONTHLY WHEN ASME STAFF TO MONITOR THE PROGRESS OF THE PROGRAM. THE ASME FOUNDATION, INC. BOARD OF DIRECTORS ALSO RECEIVE REPORTS FROM ASME LEADERSHIP ON EFFECTIVENESS OF PROGRAMS THAT ARE SUPPORTED BY ASME FOUNDATION GRANTS. SCHOLARSHIPS ARE AWARDED TO STUDENTS ONCE THEY MEET CERTAIN CRITERIA. THE FUNDS ARE GIVEN DIRECTLY TO THE SCHOOLS THAT THE STUDENT ATTENDS. FEDERAL FELLOWSHIPS ARE AWARDED TO SELECTED ASME MEMBERS ALLOWING THEM TO DEVOTE A YEAR TO WORKING IN GOVERNMENT, PROVIDING ENGINEERING AND TECHNICAL ADVICE TO POLICY MAKERS. GRADUATE TEACHING FELLOWS ARE DOCTORAL CANDIDATES AWARDED FUNDING AND ARE ENCOURAGED TO PURSUE A CAREER IN ENGINEERING EDUCATION. THE RESPECTIVE SCHOOLS MONITOR THE STUDENT ACCOUNTS TO ENSURE APPROPRIATE USAGE OF THE FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01

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