Civic Intelligence

The Asme Foundation Inc.

990 • Fiscal year 2014 • EIN 13-3372934

Jul 01, 2013 to Jun 30, 2014 • Filed on May 13, 2015

Organization ProfileWWW.ASME.ORG/ABOUT-ASME/GET-INVOLVED/ASME-
Two Park AvenueSuiteNew York, NY 10016-5990

(212) 591-7000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.11x

Higher debt load relative to assets than 31% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

81st percentile

1.35x

Higher debt load relative to revenue than 81% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

3rd percentile

-66%

Higher net margin than 3% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

93rd percentile

$890,415

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 41.9% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

82nd percentile

16%

Faster asset growth than 82% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

25th percentile

-3.6%

Faster revenue growth than 25% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$26,543,146

Up $3,708,757 (+16%) from 2013

Net Assets

Up

$23,681,558

Up $1,318,696 (+5.9%) from 2013

Liabilities

Up

$2,861,588

Up $2,390,061 (+507%) from 2013

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin3rd percentile

Revenue

Down

$2,124,331

Down $78,647 (-3.6%) from 2013

Expenses

Up

$3,516,104

Up $755,904 (+27%) from 2013

Net Income

Down

-$1,391,773

Down $834,551 (-150%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2014

Assets$26,543,146
Liabilities$2,861,588
Net Assets$23,681,558
Open 2014 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$2,124,331
Expenses$3,516,104
Net Income-$1,391,773
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 13, 2015
Return Version
2013v4.0
Gross Receipts
$8,439,644
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.

Funds and develops programs that support create, and advance the field of engineering

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,731,837$25,158,762▲ $3,426,925
Other Notes and Loans Receivable, Net$571,815$476,660▼ $95,155
Savings and Temporary Cash Investments$132,265$297,452▲ $165,187
Inventories for Sale or Use$202,003$236,990▲ $34,987
Pledges and Grants Receivable$96,710$216,236▲ $119,526
Cash and Non-Interest-Bearing Accounts$45,739$115,393▲ $69,654
Accounts Receivable$54,020$41,653▼ $12,367
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$22,834,389$26,543,146▲ $3,708,757
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$2,627,396▲ $2,627,396
Accounts Payable and Accrued Expenses$471,527$234,192▼ $237,335
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$471,527$2,861,588▲ $2,390,061
Net Assets / Fund Balance
Temporarily Rstr Net Assets$8,963,541$10,629,455▲ $1,665,914
Unrestricted Net Assets$8,473,146$8,119,928▼ $353,218
Permanently Rstr Net Assets$4,926,175$4,932,175▲ $6,000
Total Net Assets Fund Balance$22,362,862$23,681,558▲ $1,318,696
Total Liabilities and Net Assets / Fund Balance$22,834,389$26,543,146▲ $3,708,757

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$15,119,511$35,280▲ $2,493,094$280,209$16,426,260
2012$18,686,630$260,576▲ $1,701,179-$19,619,009
2011$18,965,757$99,835▲ $360,248-$18,686,630
2010$16,300,228$207,855▲ $2,990,159$190,453$18,965,757
2009$14,176,235$610,063▲ $1,746,001$10,421$16,300,228
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Dora NagySecretaryFT$64,304$64,304

Board Members and Trustees

NameTitle
Susan H SkempChairman
Lyden F Davis PeVice Chairman
Frank AdamekDirector
Harry ArmenDirector
James CoakerDirector
John G VoellerDirector
Loretta C MchughDirector
Tom PestoriusDirector
Madiha KotbDirector, Ex-officio
Thomas LoughlinDirector, Ex-officio
Matthew SchatzleExecutive Director
William GarofaloAssistant Treasurer
David WebberTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$1,024,260
Program Service Revenue
$0
Investment Income
$1,100,071
Other Revenue
$0
All Other Contributions
$1,005,589
Change in Net Assets
$-1,391,773

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,076,805
Revenue Not Reported on Financial Statements
$47,526
Revenue Not Reported on Form 990
$2,710,469
Total Revenue per Audited Statements
$4,787,274
Total Revenue per Form 990
$2,124,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,388,096
Grants and Similar Amounts Paid$941,426
Total Fundraising Expense$440,341
Professional Fundraising Fees$186,582
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$1,080,598--$1,080,598
Grants to Domestic Individuals$798,496--$798,496
Fees for Services Other$5,520$132,241$108,363$246,124
Fees for Services Professional Fundraising--$186,582$186,582
Travel$79,805$34,873$61,748$176,426
Office Expenses$56,678$92,276$8,893$157,847
Occupancy$48,005$20,935$74,755$143,695
Grants to Domestic Orgs$142,930--$142,930
Advertising$62,363$26,906-$89,269
Fees for Services Legal-$85,171-$85,171
Conferences and Meetings$16,790$40,899-$57,689
Fees for Service Investment Mgmnt Fees-$47,526-$47,526
Fees for Services Accounting-$13,000-$13,000
Other Expenses$12,207$1,626-$12,207
Total Functional Expenses$2,578,689$497,074$440,341$3,516,104

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,516,104
Expenses per Audited Statements$3,468,578
Total Expenses per Audited Statements$3,468,578
Expenses Not Reported on Financial Statements$47,526
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
13-1623899-501(c)(3)FEDERAL GOV'T ASME FELLOW PROGRAM$110,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$186,582
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Asme$2,627,396
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990 PART VI SECTION B LINE 11: ASME REVIEW PROCESS IRS FORM 990:

“An independent accounting firm prepares the irs form 990 and provides an electronic copy to the asme foundation treasurer. The treasurer reviews and upon receipt circulates to the chair and the executive director. This occurs prior to the date required for submission to the irs. The form is then distributed to the full asme foundation board of directors prior to the required submission date to the irs. Form 990 is filed with the irs electronically.”

FORM 990 PART VI SECTION B LINE 12C: THE CONFLICT OF INTEREST

“Disclosure form is required to be completed by the asme foundation board members on annual basis.”

FORM 990 , PART VI , SECTION C, LINE 19:

“The asme foundation uses the asme.org website to make available to the public its governing documents including documents including the by laws and policies as well as its annual report with the financial statements. Printed copies of these documents are available to the public upon request.”

Filing and Contact Details

Filer

EIN
13-3372934
In Care Of
% THOMAS MEEHAN
Phone
2125917000

Signing Officer

Name
Thomas Meehan
Title
Treasruer
Phone
2025857393
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Meehan
Formed
1986
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
60

Preparer

Preparer
Kpmg Llp
Phone
2025857393
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES:

“The asme foundation funds programs in k12 science technology, engineering and mathematics (stem): university student & early career development; global development & humanitarian engineering; and nonpartisian technically sound public policy. Expenses $1,637,263. Including grants of $ 0. Revenue $ 0.”

Financial Statement Notes

PART V, LINE 1A:

“endowment net assets at June 30, 2013 were restated to reflect the correction of the errors and to remove non-endowment temporarily restricted net assets of $4,499,498, which were included in the prior year's endowment note.”

PART V, LINE 4:

“The asme foundation uses endowment funds for scholarships, engineering awards and student fellowships. The asme foundation 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:

“Uncertain Tax Positions 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 managements estimation that there are no material income tax liabilities that need to be recorded at June 30, 2014.”

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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/Desc0THE ASME FOUNDATION AWARDS scholarships TO THE BRIGHTEST, AND MOST TALENTED, MECHANICAL ENGINEERING STUDENTS WHO HAVE A DEMONSTRATED FINANCIAL NEED, AND ARE ACTIVE IN ASME. IN 2014, WE AWARDED OVER $478,496 TO 170 DESERVING STUDENTS, WE ARE COMMITTED TO CONTINUE OUR SUPPORT OF THE EDUCATION OF FUTURE ENGINEERING LEADERS. ADDITIONALLY, THE FOUNDATION SUPPORTED 3 FEDERAL FELLOWS WHO SERVED IN EXECUTIVE AND LEGISLATIVE BRANCHES OF THE FEDERAL GOVERNMENT.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR, EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR, EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS
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Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,543,146
Liabilities
$2,861,588
Net assets
$23,681,558
Revenue
$2,124,331
Expenses
$3,516,104
Net income
-$1,391,773
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
Peer Organizations

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