Civic Intelligence

The Asme Foundation Inc.

990 • Fiscal year 2015 • EIN 13-3372934

Jul 01, 2014 to Jun 30, 2015 • Filed on May 11, 2016

Two Park AvenueNew 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

26th percentile

0.05x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

54th percentile

0.29x

Higher debt load relative to revenue than 54% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

96th percentile

$966,979

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 22.9% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

6th percentile

-14%

Faster asset growth than 6% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

99%

Faster revenue growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$22,836,620

Down $3,706,526 (-14%) from 2014

Net Assets

Down

$21,611,602

Down $2,069,956 (-8.7%) from 2014

Liabilities

Down

$1,225,018

Down $1,636,570 (-57%) from 2014

Revenue

Up

$4,228,915

Up $2,104,584 (+99%) from 2014

Expenses

Up

$3,566,395

Up $50,291 (+1.4%) from 2014

Net Income

Up

$662,520

Up $2,054,293 (+148%) from 2014

Historical Trend

Balance Sheet Trend

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

2015

Assets$22,836,620
Liabilities$1,225,018
Net Assets$21,611,602

Operations Trend

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

2015

Revenue$4,228,915
Expenses$3,566,395
Net Income$662,520
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 11, 2016
Return Version
2014v6.0
Gross Receipts
$14,807,076
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$25,158,762$20,989,479▼ $4,169,283
Cash and Non-Interest-Bearing Accounts$115,393$1,042,106▲ $926,713
Other Notes and Loans Receivable, Net$476,660$333,345▼ $143,315
Inventories for Sale or Use$236,990$255,901▲ $18,911
Pledges and Grants Receivable$216,236$150,983▼ $65,253
Savings and Temporary Cash Investments$297,452$64,806▼ $232,646
Accounts Receivable$41,653$0▼ $41,653
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$26,543,146$22,836,620▼ $3,706,526
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$234,192$670,647▲ $436,455
Other Liabilities$2,627,396$554,371▼ $2,073,025
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$2,861,588$1,225,018▼ $1,636,570
Net Assets / Fund Balance
Temporarily Rstr Net Assets$10,629,455$10,510,005▼ $119,450
Unrestricted Net Assets$8,119,928$6,044,422▼ $2,075,506
Permanently Rstr Net Assets$4,932,175$5,057,175▲ $125,000
Total Net Assets Fund Balance$23,681,558$21,611,602▼ $2,069,956
Total Liabilities and Net Assets / Fund Balance$26,543,146$22,836,620▼ $3,706,526

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$16,426,260$374,317▼ $310,352-$15,871,920
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
Compensation and Service Providers

Employees

NameTitleOtherTotal
Gretchen CrutchfieldSecretary$98,774$98,774

Board Members and Trustees

NameTitle
Susan H SkempChairman
Lynden F DavisVice Chairman
Deanne BellDirector
Frank AdamekDirector
Harry ArmenDirector
J Robert SimsDirector
Jennifer Jewers BowlinDirector
Kenneth R BalkeyDirector
Loretta C MchughDirector
Rudolf LandwaardDirector
Tom PestoriusDirector
Thomas LoughlinDirector, Ex-officio
Matthew SchatzleExecutive Director
Noha EL-GhobashyExecutive Director
William GarofaloAssistant Treasurer
David Webbertreasurer
Thomas MeehanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
DcmFundraiser330 WEST 38TH STREET STE 207, New York, NY 10018$127,899
Revenue and Support

Revenue Composition

Contributions and Grants
$2,190,642
Program Service Revenue
$0
Investment Income
$2,038,273
Other Revenue
$0
All Other Contributions
$1,080,903
Change in Net Assets
$662,520

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,181,567
Revenue Not Reported on Financial Statements
$47,348
Revenue Not Reported on Form 990
$-2,732,476
Total Revenue per Audited Statements
$1,449,091
Total Revenue per Form 990
$4,228,915
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,047,346
Grants and Similar Amounts Paid$1,283,305
Total Fundraising Expense$637,235
Professional Fundraising Fees$235,744
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$710,646$64,610$218,455$993,711
Grants to Domestic Individuals$783,305--$783,305
Grants to Domestic Orgs$500,000--$500,000
Fees for Services Professional Fundraising--$235,744$235,744
Office Expenses$12,957$197,032$7,141$217,130
Travel$53,587$19,667$39,420$112,674
Conferences and Meetings$53,879$4,991$49,349$108,219
Occupancy-$8,805$87,126$95,931
Fees for Services Accounting$354$49,275-$49,629
Fees for Service Investment Mgmnt Fees-$47,348-$47,348
Advertising$14,835$19,665-$34,500
Other Expenses$6,002$25,483-$31,485
Total Functional Expenses$2,432,254$496,906$637,235$3,566,395

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,566,395
Expenses per Audited Statements$3,519,047
Total Expenses per Audited Statements$3,519,047
Expenses Not Reported on Financial Statements$47,348
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Society of Mechancial EngineersNew York, NY501(c)(3)FEDERAL GOV'T ASME FELLOW PROGRAM$500,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$235,744
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$554,371
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:

Form 990 review 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 policy disclosure form is required to be completed by the asme foundation board members on annual basis.

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

Availability of Documents THE ASME FOUNDATION USES THE ASME.ORG WEBSITE TO MAKE AVAILABLE TO THE PUBLIC ITS GOVERNING 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

Filer Name
The ASME Foundation Inc
EIN
13-3372934
In Care Of
% THOMAS MEEHAN
Phone
2125917000
Address
TWO PARK AVENUE, NEW YORK, NY 10016-5990

Signing Officer

Name
Thomas Meehan
Title
Treasurer
Phone
2125917000
Signed
2016-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Noha El-Gobashy
Formed
1986
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
75

Preparer

Firm
Kpmg Llp
Address
345 PARK AVENUE, NEW YORK, NY 10154
Preparer
Jocelyne C Miller
Phone
2127589700
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 $1,080,754. Including grants of $ 0. Revenue $ 0.

Part XI, Line 9:

Other changes in net Assets Present Value Adjustment to Annuities Payable $(303,994)

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, 2015.

Part XI, Line 2D

Present Value Adjustment to Annuities Payable $(303,994)

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1345789
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IRS990/Form990PartVIISectionAGrp/PersonNm1HARRY ARMEN
IRS990/Form990PartVIISectionAGrp/PersonNm2KENNETH R BALKEY
IRS990/Form990PartVIISectionAGrp/PersonNm3DEANNE BELL
IRS990/Form990PartVIISectionAGrp/PersonNm4JENNIFER JEWERS BOWLIN
IRS990/Form990PartVIISectionAGrp/PersonNm5LYNDEN F DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm6RUDOLF LANDWAARD
IRS990/Form990PartVIISectionAGrp/PersonNm7THOMAS LOUGHLIN
IRS990/Form990PartVIISectionAGrp/PersonNm8LORETTA C MCHUGH
IRS990/Form990PartVIISectionAGrp/PersonNm9TOM PESTORIUS
IRS990/Form990PartVIISectionAGrp/PersonNm10J ROBERT SIMS
IRS990/Form990PartVIISectionAGrp/PersonNm11SUSAN H SKEMP
IRS990/Form990PartVIISectionAGrp/PersonNm12Gretchen Crutchfield
IRS990/Form990PartVIISectionAGrp/PersonNm13Noha EL-Ghobashy
IRS990/Form990PartVIISectionAGrp/PersonNm14WILLIAM GAROFALO
IRS990/Form990PartVIISectionAGrp/PersonNm15Thomas Meehan
IRS990/Form990PartVIISectionAGrp/PersonNm16MATTHEW SCHATZLE
IRS990/Form990PartVIISectionAGrp/PersonNm17DAVID WEBBER
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR, EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt13Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17treasurer
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IRS990/FormationYr01986
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt01525093
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IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt00
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IRS990/InterestGrp/TotalAmt00
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt0255901
IRS990/InvestmentIncomeGrp/ExclusionAmt0513180
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0513180
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt025158762
IRS990/InvestmentsPubTradedSecGrp/EOYAmt020989479
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
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IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ASME FOUNDATION, THROUGH THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt023681558
IRS990/NetAssetsOrFundBalancesEOYAmt021611602
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01525093
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01525093
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2428482
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt087126
IRS990/OccupancyGrp/ManagementAndGeneralAmt08805
IRS990/OccupancyGrp/TotalAmt095931
IRS990/OfficeExpensesGrp/FundraisingAmt07141
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0197032
IRS990/OfficeExpensesGrp/ProgramServicesAmt012957
IRS990/OfficeExpensesGrp/TotalAmt0217130
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-303994
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0SPONSORSHIP
IRS990/OtherExpensesGrp/Desc1CERTIFICATES, PLAQUES & MEDALS
IRS990/OtherExpensesGrp/Desc2OTHER
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt130
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt225483
IRS990/OtherExpensesGrp/ProgramServicesAmt0221073
IRS990/OtherExpensesGrp/ProgramServicesAmt175616
IRS990/OtherExpensesGrp/ProgramServicesAmt26002
IRS990/OtherExpensesGrp/TotalAmt0281073
IRS990/OtherExpensesGrp/TotalAmt175646
IRS990/OtherExpensesGrp/TotalAmt231485
IRS990/OtherLiabilitiesGrp/BOYAmt02627396
IRS990/OtherLiabilitiesGrp/EOYAmt0554371
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IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0476660
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0333345
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt04932175
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt05057175
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0216236
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0150983
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IRS990/PrincipalOfficerNm0Noha El-Gobashy
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION PROGRAMS: The ASME Foundation contributed $500,000 to help support a Science, Technology, Engineering and Math (STEM) education program called INSPIRE. INSPIRE is a unique digital course that uses online gaming and simulations to teach critical technology and coding skills, ignite interest in STEM, and expose students to STEM opportunities that they might never have dreamed were within their reach. In its first year, INSPIRE has been engaged in 550+ middle and high schools, reaching over 21,000 students across 39 states.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0500000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0500000
IRS990/ProgSrvcAccomActy3Grp/Desc0ACHIEVEMENTS IN MECHANICAL ENGINEERING: THE ASME FOUNDATION ANNUALLY SUPPORTS OUTSTANDING ACHIEVEMENTS AND THE CONTRIBUTIONS TO THE ART AND SCIENCE OF MECHANICAL ENGINEERING, AND THE RELATED ENGINEERING DISCIPLINES. IN FISCAL YEAR 2015, THE ASME FOUNDATION SUPPORTED THE RECOGNITION OF ENGINEERING ACHIEVEMENT BY AWARDING OVER 80 MEDALS, PLAQUES AND CERTIFICATES TO WORTHY RECIPIENTS. THESE AWARDS INSPIRE CURRENT AND FUTURE ENGINEERS TO NEW HEIGHTS. THE RECIPIENTS EITHER EXHIBITED A LIFETIME OF ACHIEVEMENT IN SCIENCE AND ENGINEERING OR RECENTLY CELEBRATED A GREAT ACCOMPLISHMENT OR BREAKTHROUGH IN SCIENCE AND ENGINEERING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt068195
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01024260
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0941426
IRS990/PYInvestmentIncomeAmt01100071
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02388096
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1391773
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IRS990/PYTotalExpensesAmt03516104
IRS990/PYTotalProfFndrsngExpnsAmt0186582
IRS990/PYTotalRevenueAmt02124331
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0662520
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IRS990/RelatedEntityInd0true

Document Assets

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Filings

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
2015Detailed filing. Detailed filing data is available for this year.$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