2025-05-12T16:30:54-05:00 2024-06-30 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE SUITE 4200 INDIANAPOLIS IN 46204 990 2023-07-01 133372934 THE ASME FOUNDATION INC ASME 2125917000 TWO PARK AVENUE NEW YORK NY 100165675 THOMAS MEEHAN TREASURER 2125917000 2025-05-12 1 0 JEFFREY FRANK P00287234 3174648600 2023 2025-03-06 01:10:19Z STEPHANIE VIOLA TWO PARK AVENUE NEW YORK NY 100165675 9204590 0 X WWW.ASMEFOUNDATION.ORG X 1986 NY 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. 7 4 0 75 0 0 3714469 3607914 0 0 966303 2461441 0 128895 4680772 6198250 2295326 2242437 0 0 1331292 1941976 0 0 0 255692 266863 3882310 4451276 798462 1746974 35928467 37755783 3169177 1934384 32759290 35821399 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 1124232 694937 SCHOLARSHIPS AND AWARDS: 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 CAN TRANSFORM THEIR COMMUNITIES THROUGH INNOVATION. IN FISCAL YEAR 2024 WE AWARDED OVER $479,000 TO 147 DESERVING STUDENTS. 1155771 480417 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 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. 2056478 1067083 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. 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. 4336481 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 51 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 4 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 1452049 853606 THOMAS MEEHAN TREASURER 2.50 40.00 X X 0 416004 63391 STEPHANIE VIOLA EXECUTIVE DIRECTOR 2.50 40.00 X X 0 299592 50166 COLUMBIA MISHRA DIRECTOR 2.00 0.00 X 0 0 0 KAREN OHLAND DIRECTOR 2.00 0.00 X 0 0 0 OSCAR BARTON DIRECTOR 2.00 0.00 X 0 0 0 SONYA SMITH CHAIR 2.00 0.00 X X 0 0 0 GRETCHEN CRUTCHFIELD SECRETARY 2.50 40.00 X 0 122655 12003 ANAND SETHUPATHY FORMER INTERIM EXEC. DIRECTOR 0.00 40.00 X 0 380186 32449 0 2670486 1011615 0 1 1 0 0 130947 1924000 1552967 3607914 1083666 1083666 4384115 3006340 1377775 1377775 1377775 128895 130947 0 128895 128895 6198250 0 0 2590336 1337787 1337787 904650 904650 1941976 1941976 16462 16462 27000 27000 42291 42291 129 129 11091 11091 61224 43402 17822 CERTIFICATES, PLAQUES & 108666 108666 4451276 4336481 114795 0 4366549 2310349 344 1014298 591448 8115 262432 264568 30276729 34133761 455657 35928467 37755783 1571738 208651 1597439 1725733 3169177 1934384 X 12494124 12969408 20265166 22851991 32759290 35821399 35928467 37755783 X 1746974 1395280 -80145 X 0 1 X 1 0 X X X 1 THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS 131623899 10 1 1337787 0 1 1337787 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 22471864 453201 2816361 583454 25157972 20350316 467143 2189504 535099 22471864 22808125 785925 -2842206 401528 20350316 18342290 441014 4351462 326641 22808125 19055252 103550 482800 361383 937929 18342290 0.29930 0.26050 0.44020 0 0 0 ANNUITIES PAYABLE 1725733 1725733 X 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. SOUTH ASIA 0 0 PROGRAM SERVICES PROMOTING PROGRAMS, MEMBERSHIP, AND ENGINEERING EDUCATION & INNOVATION. 455657 0 0 0 0 0 0 455657 0 455657 1 0 1 0 0 0 OPTIMISM ENGINEERED 223080 115885 107195 REINVENTING THE FUTURE 36762 15062 21700 259842 130947 128895 128895 1 THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS 2 PARK AVE NEW YORK NY 10016 131623899 501(C)(3) 1337787 0 VARIOUS PROGRAM SUPPORT 1 0 SCHOLARSHIPS 147 479000 FELLOWSHIPS AND GRANTS 8 246000 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., 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. 0 1 0 0 0 0 0 0 0 THOMAS COSTABILE DIRECTOR, EX-OFFICIO 0 709155 0 695920 0 46974 0 820311 0 33295 0 2305655 0 0 THOMAS MEEHAN TREASURER 0 248161 0 166550 0 1293 0 26400 0 36991 0 479395 0 0 ANAND SETHUPATHY FORMER INTERIM EXEC. DIRECTOR 0 274274 0 105000 0 912 0 19754 0 12695 0 412635 0 0 STEPHANIE VIOLA EXECUTIVE DIRECTOR 0 213793 0 85075 0 724 0 13535 0 36631 0 349758 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 AND/OR COMPENSATION COMMITTEE IN ORDER TO ESTABLISH THE COMPENSATION OF ITS ORGANIZATION. THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS USES A STUDY, FORM 990 OF 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 CERTAIN EXECUTIVES HAVE ARRANGEMENTS WHICH PROVIDE FOR SUPPLEMENTAL RETIREMENT BENEFITS AS DESCRIBED IN IRC SEC. 457(F). NO INDIVIDUALS RECEIVED A PAYMENT DURING CALENDAR YEAR 2023. 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 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. FORM 990, PART XI, LINE 9: PRESENT VALUE ADJ TO ANNUITIES PAYABLE -80,145. THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS TWO PARK AVENUE NEW YORK NY 10016 131623899 ENGINEERING ASSOCIATION NY 501(C)(3) 10 N/A 0 ASME FOUNDATION INDIA 170/171 FIRST FLOOR PRAJAPAT NAGA NEW DELHI IN 110049 ADVANCING FIELD OF ENGINEERING IN INDIA SECTION 8 COMP THE ASME FOUNDATION INC 1 TWINIFY TECHNOLOGIES LLC 2 PARK AVENUE NEW YORK NY 10016 881724816 DIGITAL TWINNING DE N/A 0 0 ASME INDIA PRIVATE LTD 573 1ST FLOOR MAIN ROAD NEW DELHI IN MARKETING IN N/A C 0 METRIX CONNECT LLC TWO PARK AVENUE NEW YORK NY 10016 872624039 INDUSTRY EVENTS DE N/A C 0 ISIE HOLDINGS II LLC TWO PARK AVENUE NEW YORK NY 10016 881741023 HOLDING COMPANY DE N/A C 0 CHARITABLE REMAINDER TRUST (1) TRUST NJ N/A T 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 ASME FOUNDATION INDIA (AFI) B 455657 FMV