Civic Intelligence

Asm Materials Education Foundation

EIN 34-6541397 • 501(c)3 • Materials Park, OH

Profile

Created in 1952, the asm materials education foundation mission is to develop and deploy materials science content and hands-on, minds-on instructional strategies to inspire, engage, and empower future generations to create stem solutions for 21st century challenges. Programs and services are provided for k-12 students and teachers as well as undergraduate students.

9639 Kinsman RdMaterials Park, OH 44073

www.asmfoundation.org

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

22nd percentile

0.06x

Higher debt load relative to revenue than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

82nd percentile

32%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

Up

$17,610,768

Up $1,046,233 (+6.3%) from 2023

Liabilities

Down

$140,396

Down $64,678 (-32%) from 2023

Net Assets

Up

$17,470,372

Up $1,110,911 (+6.8%) from 2023

Revenue

Up

$2,322,212

Up $533,569 (+30%) from 2023

Expenses

Down

$1,587,051

Down $16,415 (-1.0%) from 2023

Net Income

Up

$735,161

Up $549,984 (+297%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $11,839,195Liabilities 2010: $956,248Net Assets 2010: $10,882,9472010Assets 2011: $10,991,458Liabilities 2011: $1,105,581Net Assets 2011: $9,885,8772011Assets 2012: $11,910,313Liabilities 2012: $797,689Net Assets 2012: $11,112,6242012Assets 2013: $12,270,469Liabilities 2013: $842,090Net Assets 2013: $11,428,3792013Assets 2014: $12,153,121Liabilities 2014: $767,071Net Assets 2014: $11,386,0502014Assets 2015: $11,060,541Liabilities 2015: $791,795Net Assets 2015: $10,268,7462015Assets 2016: $11,454,613Liabilities 2016: $624,303Net Assets 2016: $10,830,3102016Assets 2017: $12,675,141Liabilities 2017: $812,000Net Assets 2017: $11,863,1412017Assets 2018: $11,222,773Liabilities 2018: $667,492Net Assets 2018: $10,555,2812018Assets 2019: $14,724,233Liabilities 2019: $530,627Net Assets 2019: $14,193,6062019Assets 2020: $15,047,753Liabilities 2020: $451,999Net Assets 2020: $14,595,7542020Assets 2021: $16,756,144Liabilities 2021: $98,736Net Assets 2021: $16,657,4082021Assets 2022: $15,156,531Liabilities 2022: $142,753Net Assets 2022: $15,013,7782022Assets 2023: $16,564,535Liabilities 2023: $205,074Net Assets 2023: $16,359,4612023Assets 2024: $17,610,768Liabilities 2024: $140,396Net Assets 2024: $17,470,3722024

Highlighted filing

2024

Assets$17,610,768
Liabilities$140,396
Net Assets$17,470,372

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $1,151,0922010Expenses 2011: $1,265,1782011Expenses 2012: $1,225,0422012Revenue 2013: $1,632,184Expenses 2013: $1,291,537Net Income 2013: $340,6472013Revenue 2014: $1,654,487Expenses 2014: $1,273,518Net Income 2014: $380,9692014Revenue 2015: $1,508,939Expenses 2015: $1,414,099Net Income 2015: $94,8402015Revenue 2016: $791,512Expenses 2016: $1,453,777Net Income 2016: -$662,2652016Revenue 2017: $1,670,308Expenses 2017: $1,583,865Net Income 2017: $86,4432017Revenue 2018: $1,856,883Expenses 2018: $1,799,423Net Income 2018: $57,4602018Revenue 2019: $3,397,241Expenses 2019: $1,367,556Net Income 2019: $2,029,6852019Revenue 2020: $2,669,241Expenses 2020: $1,108,945Net Income 2020: $1,560,2962020Revenue 2021: $2,552,889Expenses 2021: $1,071,898Net Income 2021: $1,480,9912021Revenue 2022: $1,406,023Expenses 2022: $1,302,779Net Income 2022: $103,2442022Revenue 2023: $1,788,643Expenses 2023: $1,603,466Net Income 2023: $185,1772023Revenue 2024: $2,322,212Expenses 2024: $1,587,051Net Income 2024: $735,1612024

Highlighted filing

2024

Revenue$2,322,212
Expenses$1,587,051
Net Income$735,161

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$0.14$17.5$2.32$1.59$0.74
2023Detailed filing. Detailed filing data is available for this year.$16.6$0.21$16.4$1.79$1.60$0.19
2022Detailed filing. Detailed filing data is available for this year.$15.2$0.14$15.0$1.41$1.30$0.10
2021Detailed filing. Detailed filing data is available for this year.$16.8$0.10$16.7$2.55$1.07$1.48
2020Detailed filing. Detailed filing data is available for this year.$15.0$0.45$14.6$2.67$1.11$1.56
2019Detailed filing. Detailed filing data is available for this year.$14.7$0.53$14.2$3.40$1.37$2.03
2018Detailed filing. Detailed filing data is available for this year.$11.2$0.67$10.6$1.86$1.80$0.06
2017Detailed filing. Detailed filing data is available for this year.$12.7$0.81$11.9$1.67$1.58$0.09
2016Detailed filing. Detailed filing data is available for this year.$11.5$0.62$10.8$0.79$1.45$0.66
2015Detailed filing. Detailed filing data is available for this year.$11.1$0.79$10.3$1.51$1.41$0.09
2014Detailed filing. Detailed filing data is available for this year.$12.2$0.77$11.4$1.65$1.27$0.38
2013Detailed filing. Detailed filing data is available for this year.$12.3$0.84$11.4$1.63$1.29$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$0.80$11.1$1.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$1.11$9.89$1.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$0.96$10.9$1.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 24, 2025
Return Version
2024v5.2
Gross Receipts
$2,915,033
Mission and Program Overview

Mission

To excite young people in materials, science, and engineering careers. Created in 1952, for over 50 years the foundation has developed and operated innovative programs in education. Services to the public include, but are not limited to: undergraduate scholarships, leadership training grants, grants to enable k-12 teachers to bring materials into classrooms, grants to asm student chapters, annual recognition awards to high school teachers. The signature program is asm materials camp, this educational outreach program has served over 2,000 high school students, and almost 1,000 high school science teachers. Typically the program involves 40+ hours of lab-based hands on instruction, scheduled over 5 days. Both residential and non residential formats are offered. All programs are provided as a public service at no cost to the participant.

To provide for the advancement of scientific and engineering knowledge through education, scholorships, grants to enable k-12 teachers to bring materials, science, and enginerring into classrooms, and grants to material advantage student chapters, and a design competition for undergraduate students. The signature program is asm materials camp. This educational outreach program has served over 21,000 high school students and over 15,000 high school science teachers. The program typically involves 40+ hours of lab-based, hands-on instruction, scheduled over 5 days. Both residential and non-residential formats are offered. All programs are provided as a public service at no cost to the participant.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$15,649,977$17,124,655▲ $1,474,678
Pledges and Grants Receivable$723,535$449,532▼ $274,003
Cash and Non-Interest-Bearing Accounts$180,540$25,636▼ $154,904
Total Assets$16,564,535$17,610,768▲ $1,046,233
Other Assets Total$10,483$10,945▲ $462
Liabilities
Other Liabilities$135,015$104,129▼ $30,886
Accounts Payable and Accrued Expenses$70,059$36,267▼ $33,792
Total Liabilities$205,074$140,396▼ $64,678
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,854,615$12,309,025▲ $454,410
Net Assets With Donor Restrictions$4,504,846$5,161,347▲ $656,501
Total Net Assets Fund Balance$16,359,461$17,470,372▲ $1,110,911
Total Liabilities and Net Assets / Fund Balance$16,564,535$17,610,768▲ $1,046,233

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$8,310,543$215,747▲ $1,012,750$487,740$9,051,300
2023$7,389,185$29,410▲ $980,641$88,693$8,310,543
2022$8,515,954$410,959▼ $912,872$624,856$7,389,185
2021$8,644,297$145,833▲ $946,631$1,220,807$8,515,954
2020$9,252,398$1,932,860▼ $2,355,402$185,559$8,644,297
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$742,038
Program Service Revenue
$0
Investment Income
$1,571,365
Other Revenue
$8,809
All Other Contributions
$742,038
Change in Net Assets
$735,161

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,275,718
Revenue Not Reported on Financial Statements
$46,494
Revenue Not Reported on Form 990
$774,750
Total Revenue per Audited Statements
$3,050,468
Total Revenue per Form 990
$2,322,212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$875,641
Salaries, Compensation, and Employee Benefits$519,221
Total Fundraising Expense$281,680
Grants and Similar Amounts Paid$192,189
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$173,284$168,289$74,288$415,861
Travel$247,084$7,692$35,142$289,918
Grants to Domestic Individuals$192,189--$192,189
Pension Plan Contributions$31,414$30,165$12,574$74,153
Fees for Service Investment Mgmnt Fees-$46,494-$46,494
Fees for Services Other$750$24,188$4,872$29,810
Payroll Taxes$12,283$11,951$4,973$29,207
Other Expenses$0$10,233$0$10,233
Fees for Services Legal-$6,090-$6,090
Office Expenses$4,161-$1,815$5,976
Advertising$1,627$117$688$2,432
Total Functional Expenses$982,905$322,466$281,680$1,587,051

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,939,557
Total Expenses per Form 990$1,587,051
Expenses per Audited Statements$1,540,557
Expenses Not Reported on Form 990$399,000
Expenses Not Reported on Financial Statements$46,494
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Chapter Investment Accounts$74,237
Due to Related Party$29,892
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
Yes
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 11B

A copy of form 990 is presented to the board and their delegated representative after a detailed review by the director of finance of the foundation. The board reviews the 990 including the comments provided by the director of finance. Following discussions, the form was accepted by the board.

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

Any conflict of interest is to be communicated with the human resources department, peers, or others due to the open door policy in place. The human resources department is consistently monitoring and enforcing compliance.

Form 990, Part VI, Section B, Line 15

The organization's compensation of key employees is reviewed by the executive committee and approved annually by the board. The organization uses comparable compensation information for similiar persons at comparable organizations.

Form 990, Part VI, Section C, Line 19

Asm materials education foundation makes its governing documents, conflict of interest, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Asm Materials Education Foundation
EIN
34-6541397
Phone
4403385151
Address
9639 KINSMAN RD, MATERIALS PARK, OH 44073

Signing Officer

Name
Carrie Wilson
Title
Executive Director
Phone
4406713828
Signed
2025-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carrie Wilson
Formed
1952
Legal Domicile
Oh
Voting Board Members
17
Independent Board Members
16
Employees
0
Volunteers
438

Preparer

Firm
Barnes Wendling Cpas Inc
Address
5050 WATERFORD DRIVE, SHEFFIELD VILLAGE, OH 44035
Preparer
Laurie a Gatten CPA
Phone
4409343850
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed since the prior year.

Form 990, Part IX, Lines 7, 9 and 10

The foundation's employees are paid through asm international. The foundation reimburses asm international for all staff costs, including compensation, payroll taxes, and fringe benefits.

Financial Statement Notes

PART X, LINE 2:

The foundation is exempt from federal income tax under section 501(c)(3) of the internal revenue code. The foundation evaluates at each statement of financial position date uncertain tax positions taken, if any, to determine the need to record liabilities for taxes, penalties, and interest. The foundation's policy is to record interest and penalties on uncertain tax provisions as income tax expense. As of december 31, 2024 and 2023, the foundation has no accrued taxes, interest, or penalties related to uncertain tax positions. The foundation has determined there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

Part V, Line 4

The endowment funds are used for educational programs and materials camps.

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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/Form990PartVIISectionAGrp/PersonNm15DR KRISTA HEIDERSBACH
IRS990/Form990PartVIISectionAGrp/PersonNm16DR ELIZABETH HOFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm17DR GEORGE A PARKER
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY/EXECUTIVE DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE, EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE, EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
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IRS990/FormationYr01952
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IRS990/FSAuditedInd01
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CREATED IN 1952, THE ASM MATERIALS EDUCATION FOUNDATION MISSION IS TO DEVELOP AND DEPLOY MATERIALS SCIENCE CONTENT AND HANDS-ON, MINDS-ON INSTRUCTIONAL STRATEGIES TO INSPIRE, ENGAGE, AND EMPOWER FUTURE GENERATIONS TO CREATE STEM SOLUTIONS FOR 21ST CENTURY CHALLENGES. PROGRAMS AND SERVICES ARE PROVIDED FOR K-12 STUDENTS AND TEACHERS AS WELL AS UNDERGRADUATE STUDENTS.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc1CONTRACTORS
IRS990/OtherExpensesGrp/Desc2COST OF SERVICES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
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IRS990/OtherExpensesGrp/FundraisingAmt30
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt230
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IRS990/OtherExpensesGrp/ProgramServicesAmt30
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IRS990/OtherExpensesGrp/TotalAmt298758
IRS990/OtherExpensesGrp/TotalAmt310233
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0AS SET FORTH IN ITS ARTICLES OF INCORPORATION, THE ASM FOUNDATION IS A SUPPORTING ORGANIZATION OF ASM INTERNATIONAL. CONTROL IS VESTED IN THAT THE ASM FOUNDATION BOARD MUST BE RATIFIED BY THE ASM INTERNATIONAL BOARD. SEVERAL PAST PRESIDENTS OF ASM INTERNATIONAL HAVE BEEN ELECTED BY THE ASM FOUNDATION BOARD TO SERVE ON THE ASM FOUNDATION BOARD. THE ASM INTERNATIONAL EXECUTIVE DIRECTOR ALSO SITS ON THE ASM FOUNDATION BOARD. ASM INTERNATIONAL PROVIDES ADMINISTRATIVE SUPPORT TO THE ASM FOUNDATION AS OUTLINED IN A MASTER SERVICES AGREEMENT SIGNED BY BOTH BOARD PRESIDENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION B, LINE 1
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