2023-05-09T22:35:56-05:00 2022-06-30 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE SUITE 4200 INDIANAPOLIS IN 46204 990 2021-07-01 133372934 THE ASME FOUNDATION INC ASME 2125917000 TWO PARK AVENUE NEW YORK NY 100165675 THOMAS MEEHAN TREASURER 2125917000 2023-05-09 1 THOMAS MEEHAN XXX-XX-XXXX KENDALL SCHNURPEL P01478462 3174648600 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z STEPHANIE VIOLA TWO PARK AVENUE NEW YORK NY 100165675 9446695 0 X WWW.ASMEFOUNDATION.ORG X 1986 NY THE ASME FOUNDATION, INC. FUNDS AND DEVELOPS PROGRAMS THAT SUPPORT, CREATE, AND ADVANCE THE FIELD OF ENGINEERING. 4 3 0 75 0 0 2447668 4449336 0 0 580529 2247348 0 0 3028197 6696684 1720358 1663160 0 0 108378 740630 0 0 0 264057 313458 2092793 2717248 935404 3979436 33818246 32698395 1602374 2744594 32215872 29953801 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. 0 0 661444 518513 SCHOLARSHIPS: ASME IS COMMITED TO ENSURING THAT TOMORROW'S ENGINEERING LEADERS HAVE THE TALENT AND EDUCATION TO SOLVE THE UNIQUE CHALLENGES OF TOMORROW. BY AWARDING SCHOLARSHIPS TO THE BRIGHTEST, MOST PROMISING MECHANICAL ENGINEERING STUDENTS IN NEED, THE ASME FOUNDATION, INC. IS WORKING TOWARDS A FUTURE WHERE ENGINEERING CHANGEMAKERS ARE AS DIVERSE AS THE COMMUNITIES THEY TRANSFORM THROUGH INNOVATION. IN FISCAL YEAR 2022 WE AWARDED OVER 433,840 TO 132 DESERVING STUDENTS. 521377 501110 FEDERAL 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 6 FELLOWSHIPS. INCLUDED ARE: GRADUATE TEACHING FELLOWS WHO ARE OUTSTANDING DOCTORAL CANDIDATES IN MECHANICAL ENGINEERING EDUCATION, ENGINEERING FOR CHANGE RESEARCH FELLOWS WHO SOLVE CRITICAL QUALITY-OF-LIFE CHALLENGES IN UNDERSERVED COMMUNITIES, AND FEDERAL FELLOWS WHO SERVED IN EXECUTIVE AND LEGISLATIVE BRANCHES OF THE FEDERAL GOVERNMENT AND ADVISE ON ENERGY, MANUFACTURING, INFRASTRUCTURE, AND TECHNOLOGY. 646927 643537 STEM: 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. 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. IN ITS SIXTH YEAR, THE ASME INSPIRE PROGRAMS WERE MADE AVAILABLE TO OVER 100,000 STUDENTS IN OVER 1,300 SCHOOLS IN ALL 50 STATES. 1829748 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 62 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV X THOMAS MEEHAN 9732442255 150 CLOVE ROAD 6TH FLOOR LITTLE FALLS NJ 07424 THOMAS COSTABILE DIRECTOR, EX-OFFICIO 2.50 40.00 X 0 974066 88505 FRANK C ADAMEK PE CHAIR 2.00 0.00 X 0 0 0 ROBERT T SIMMONS PE DIRECTOR 2.00 0.00 X 0 0 0 RUDOLF E LANDWAARD PE DIRECTOR 2.00 0.00 X 0 0 0 KATHLEEN LOBB EXECUTIVE DIRECTOR 2.50 40.00 X 0 371121 30877 GRETCHEN CRUTCHFIELD SECRETARY 2.50 40.00 X 0 102202 23029 THOMAS J MEEHAN TREASURER 2.50 40.00 X 0 325517 34446 0 1772906 176857 0 0 1 0 0 2378050 2071286 4449336 1191951 1191951 3805408 2750011 1055397 1055397 1055397 6696684 0 0 2247348 847980 847980 815180 815180 740630 740630 37878 37878 17000 17000 50103 50103 13812 13812 15788 15788 CERTIFICATES, PLAQUES & 125042 125042 OTHER 53835 27734 26101 2717248 1829748 887500 0 2070168 4868131 6290 293 304723 245049 39414 19225 256857 274440 31140794 27291257 33818246 32698395 460668 1277484 1141706 1467110 1602374 2744594 X 11819441 12205377 20396431 17748424 32215872 29953801 33818246 32698395 X 3979436 -6102642 -138865 X 0 1 X 1 0 X X X 1 THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS 131623899 10 1 847980 0 1 847980 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22808125 785925 -2842206 401528 20350316 18342290 441014 4351462 326641 22808125 19055252 103550 482800 361383 937929 18342290 18430333 315560 753944 130222 314363 19055252 16444055 1346099 1104742 231376 233187 18430333 0.30940 0.30390 0.38670 0 0 0 ANNUITIES PAYABLE 1467110 1467110 X 1445946 -6102642 1040872 -138865 -5200635 6646581 50103 50103 6696684 3708017 1040872 1040872 2667145 50103 50103 2717248 PART V, LINE 4: THE ASME FOUNDATION, INC. USES ENDOWNMENT FUNDS FOR SCHOLARSHIPS, ENGINEERING AWARDS AND FELLOWSHIPS. THE ASME FOUNDATION, INC. ALSO USES ENDOWNMENT 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, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRESENT VALUE ADJ TO ANNUTIES PAYABLE -138,865. 1 THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS TWO PARK AVENUE NEW YORK NY 10016 131623879 501(C)(3) 847980 0 VARIOUS PROGRAM SUPPORT 1 SCHOLARSHIPS 132 433840 0 FELLOWSHIPS 6 381340 0 PART I, LINE 2: THE 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., 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. 0 1 0 0 0 0 0 0 0 THOMAS COSTABILE DIRECTOR, EX-OFFICIO 0 540972 0 362457 0 70637 0 52535 0 35970 0 1062571 0 0 KATHLEEN LOBB EXECUTIVE DIRECTOR 0 263954 0 99674 0 7493 0 14380 0 16497 0 401998 0 0 THOMAS J MEEHAN TREASURER 0 224696 0 80527 0 20294 0 17514 0 16932 0 359963 0 0 PART I, LINE 3 THE ASME FOUNDATION, INC. DOES NOT PAY COMPENSATION. ALL COMPENSATION IS PAID BY THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS WITH GUIDANCE FROM A RELATED COMPENSATION COMMITTEE, INDEPENDENT CONSULTANT, COMPENSATION SURVEY OR COMPENSATION COMMITTEE IN ORDER TO ESTABLISH THE COMPENSATION OF ITS ORGANIZATION. THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS USES A STUDY, FORM 990 OR OTHER ORGANIZATIONS AND AN APPROVAL BY THE BOARD OR CEO/EXECUTIVE DIRECTOR IN ORDER TO ESTABLISH THE COMPENSATION OF ITS OFFICERS. PART I, LINE 4B THE FOLLOWING INDIVIDUAL PARTICIPATED IN A SUPPLIMENTAL NONQUALIFIED RETIREMENT PLAN DURING 2021 AND THE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (C): THOMAS COSTABILE, $35,135. FORM 990, 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 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 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. COPIES OF THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PRESENT VALUE ADJ TO ANNUTIES PAYABLE -138,865. RELEASE THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS TWO PARK AVENUE NEW YORK NY 10016 131623899 ENGINEERING ASSOCIATION NY 501(C)(3) 10 N/A 0 TWINIFY TECHNOLOGIES LLC 2 PARK AVENUE NEW YORK NY 10016 881724816 DIGITAL TRANSFORMATION DE N/A 0 0 FBO JOHN A SWANSON 2006 ASME CHARITABLE REMAINDER TRUST TWO PARK AVENUE NEW YORK NY 10016 137493865 TRUST NJ N/A T 0 ASME INDIA PRIVATE LIMITED 573 1ST FLOOR MAIN ROAD CHIRAGE DELHI IN MARKETING IN N/A C 0 THE INTERNATIONAL SOCIETY OF INTERDISCIPLINARY ENGINEERS LLC TWO PARK AVENUE NEW YORK NY 10016 850804268 ENGINEERING SOCIETY NY N/A C 0 METRIX CONNECT LLC TWO PARK AVENUE NEW YORK NY 10016 872624039 DIGITAL TRANSFORMATION DE N/A C 0 ISIE HOLDINGS II LLC TWO PARK AVENUE NEW YORK NY 10016 881741023 HOLDING COMPANY DE N/A C 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0