2020-07-14T19:16:15-05:00 2019-06-30 861065772 DELOITTE TAX LLP 30 ROCKEFELLER PLAZA NEW YORK NY 101120015 990 2018-07-01 133372934 THE ASME FOUNDATION INC ASME 2125917000 TWO PARK AVENUE NEW YORK NY 100165990 THOMAS MEEHAN TREASURER 2125917000 2020-07-13 1 JEANNE FAHRENBACH P01365953 2124924000 68.40.123.217 2020-07-14 15:38:14 ED P C958516BA75BB7F9248561DEF40874B3CACEB0AC 3DF51197B15FC223701F25C7B532545445537CE2 2018 2021-01-29 14:40:06Z KATHLEEN LOBB TWO PARK AVENUE NEW YORK NY 100165990 3092955 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. 12 12 0 75 0 0 4800976 2449582 0 0 640223 595339 0 0 5441199 3044921 869195 840071 0 0 434764 678996 197763 95000 325735 1105752 1040600 2607474 2654667 2833725 390254 25335656 26225168 386218 369144 24949438 25856024 X 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 742071 742071 SCHOLARSHIPS: THE ASME FOUNDATION, INC. AWARDS SCHOLARSHIPS TO THE BRIGHTEST, AND MOST TALENTED, MECHANICAL ENGINEERING STUDENTS WHO HAVE DEMONSTRATED FINANCIAL NEED, AND ARE ACTIVE IN ASME. IN FISCAL YEAR 2019 WE AWARDED OVER $742,071 TO 73 DESERVING STUDENTS. WE ARE COMMITTED TO CONTINUE OUR SUPPORT OF THE EDUCATION OF FUTURE ENGINEERING LEADERS. ADDITIONALLY, THE ASME FOUNDATION, INC. SUPPORTED 5 FEDERAL FELLOWS WHO SERVED IN EXECUTIVE AND LEGISLATIVE BRANCHES OF THE FEDERAL GOVERNMENT. 500000 EDUCATION PROGRAMS: THE ASME FOUNDATION, INC. SUPPORTS A SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) EDUCATIONAL PROGRAM CALLED INSPIRE. INSPIRE IS A UNIQUE DIGITAL COURSE THAT USES ON-LINE 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 FIFTH YEAR, THE ASME INSPIRE PROGRAMS WERE OFFERED TO OVER 100,000 STUDENTS IN OVER 1,300 SCHOOLS IN ALL 50 STATES. 98000 98000 ACHIEVEMENTS IN MECHANICAL ENGINEERING: THE ASME FOUNDATION, INC. SUPPORTS THE ASME INNOVATIVE SHOWCASE (ISHOW), A GLOBAL COMPETITION FOR HARDWARE LED VENTURES. THE COMPETITION FOCUSES ON THE DESIGN AND ENGINEERING JOURNEY OF TAKING PHYSICAL PRODUCTS TO MARKET. THIS PROGRAM ALLOWS PARTICIPANTS TO TAKE A 'HANDS-ON' APPROACH TO SOCIAL INNOVATION BY SOLVING SOCIAL AND ENVIRONMENTAL ISSUES THROUGH ENTERPRISE. ISHOW EVENTS ARE HELD INTERNATIONALLY, AND SUBMISSIONS ARE ACCEPTED GLOBALLY. 550043 THE ASME FOUNDATION, INC. FUNDS PROGRAMS IN K-12 SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM); UNIVERSITY STUDENT & EARLY CAREER DEVELOPMENT; GLOBAL DEVELOPMENT& HUMANITARIAN ENGINEERING; AND NONPARTISAN TECHNICALLY SOUND PUBLIC POLICY. 550043 1890114 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 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 58 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 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 TOM D PESTORIUS CHAIR 5.00 0.00 X X 0 0 0 JUSTIN R YOUNG VICE CHAIR 1.50 0.00 X X 0 0 0 FRANK ADAMEK DIRECTOR 1.50 0.00 X 0 0 0 KENNETH R BALKEY DIRECTOR 1.50 0.00 X 0 0 0 JENNIFER JEWERS BOWLIN DIRECTOR 1.50 0.00 X 0 0 0 RUDOLF LANDWAARD DIRECTOR 1.50 0.00 X 0 0 0 KEITH ROE DIRECTOR 1.50 0.00 X 0 0 0 TERRY SHOUP DIRECTOR 1.50 0.00 X 0 0 0 ROBERT SIMMONS DIRECTOR 1.50 0.00 X 0 0 0 THOMAS COSTABILE DIRECTOR- EX-OFFICIO 2.50 40.00 X 0 341175 35916 SAID JAHANMIR DIRECTOR- EX-OFFICIO 1.00 4.00 X 0 0 0 THOMAS MEEHAN TREASURER 2.50 40.00 X 0 218676 28636 KATHLEEN LOBB EXECUTIVE DIRECTOR 2.50 40.00 X 0 13000 520 ANAND SETHUPATHY INTERIM EXECUTIVE DIRECTOR 2.50 40.00 X 0 179756 17498 WILLIAM GAROFALO ASSISTANT TREASURER 2.50 40.00 X 0 387800 21276 GRETCHEN CRUTCHFIELD SECRETARY 2.50 40.00 X 0 86004 39125 0 1226411 142971 0 0 1 0 EVERFI PO BOX 2000034 PITTSBURGH PA 152510034 INSPIRE PROGRAM 500000 1 700000 1749582 2449582 547165 547165 96208 48034 48174 48174 48174 3044921 0 0 595339 98000 98000 742071 742071 678996 362000 208768 108228 588090 520450 9000 58640 57992 57275 717 18000 18000 95000 95000 37303 37303 1620 1620 88143 16485 10128 61530 18213 2500 15713 64944 31647 33297 9731 1457 8274 31501 31501 CERT., PLAQUES & MEDALS 114710 114672 38 FEES 9578 832 8746 TAXES 775 775 2654667 1890114 438818 325735 2487903 836945 5457 33473 8352 68000 104964 515120 241501 258899 22348144 24468260 75971 44471 63364 25335656 26225168 43437 36546 342781 332598 386218 369144 X 7767393 8229180 11899870 12175559 5282175 5451285 24949438 25856024 25335656 26225168 390254 516332 0 X 0 1 X 1 0 X X 1 THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS 131623899 10 1 98000 0 1 98000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE A, PART IV, SECTION C, LINE 1: MANAGEMENT OF THE ASME FOUNDATION, INC. IS VESTED IN THE SAME PERSONS THAT MANAGE ASME. ASME'S EXECUTIVE DIRECTOR IS A MEMBER OF THE ASME FOUNDATION, INC.'S BOARD. THE FOUR OFFICERS OF THE ASME FOUNDATION, INC. ARE EMPLOYEES OF ASME AND THEY SERVE AS THE ASME FOUNDATION, INC. OFFICERS AS A DIRECT RESULT OF THEIR OFFICER OR EMPLOYEE RELATIONSHIP WITH ASME, SUBJECT TO CONTINUED EMPLOYMENT BY ASME. ACCORDINGLY, ASME EFFECTIVELY MANAGES THE ASME FOUNDATION, INC. ALSO NOTABLE, AT LEAST HALF OF THE MEMBERS OF THE ASME FOUNDATION, INC.'S BOARD ARE REQUIRED TO HAVE SERVED ASME IN THE PAST AS A DIRECTOR, OR OFFICER CAPACITY. AS A RESULT OF THESE RELATIONSHIPS, THE ASME FOUNDATION, INC. IS RESPONSIVE TO THE NEEDS OF ASME. MOREOVER, 29% OF THE ASME FOUNDATION, INC.'S CONTRIBUTIONS, AND ABOUT 23% OF ITS TOTAL REVENUE, WAS CONTRIBUTED BY ASME. PROGRAMMATICALLY, OVER 75% OF THE ASME FOUNDATION, INC.'S DIRECT GRANT DOLLARS WERE PAID AS SCHOLARSHIPS FOR ACTIVE STUDENT MEMBERS OF ASME. THESE FACTS CLEARLY DEMONSTRATE THE ASME FOUNDATION, INC.'S SIGNIFICANT INVOLVEMENT IN ASME AND ITS LONG TERM INVESTMENT IN ASME'S SUCCESS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18430333 315560 753944 130222 314363 19055252 16444055 1346099 1104742 231376 233187 18430333 14969576 235581 1441863 202965 16444055 15871920 142400 -151917 892827 14969576 16426260 374317 -310352 618305 15871920 0.30810 0.28610 0.40580 0 0 0 ANNUITIES PAYABLE 332598 332598 X 3523950 516332 516332 3007618 37303 37303 3044921 2617364 0 2617364 37303 37303 2654667 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, 2019. X X 1 IPM ADVANCEMENT 2340 EAST BEARDSLEY ROAD SUITE 100 PHOENIX AZ 85024 FUNDRAISING 0 75214 95000 -19786 75214 95000 -19786 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 PART I, LINE 2B, COLUMN (III): IPM ADVANCEMENT IS PAID $7,500 PER MONTH AND REIMBURSED FOR ADDITIONAL EXPENSES INCLUDING SUCH ITEMS AS PRINTING AND POSTAGE. 1 THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS TWO PARK AVENUE NEW YORK NJ 10016 131623899 501(C)(3) 98000 ISHOW 1 0 SCHOLARSHIPS 73 479229 FELLOWSHIPS 5 262842 PART I, LINE 2: THE ASME FOUNDATION, INC. AWARDS TO THE PARENT ORGANIZATION, ASME, A 501(C)(3) ORGANIZATION. THERE ARE MANY DIFFERENT METHODS THAT THE ASME FOUNDATION, INC. UTILIZES TO MONITOR THE EFFECTIVE USE OF GRANT FUNDS. 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 SCHOOL 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. THE RESPECTIVE SCHOOLS MONITOR THE STUDENT ACCOUNTS TO ENSURE APPROPRIATE USAGE OF THE FUNDS. 1 1 0 0 0 0 0 0 0 THOMAS COSTABILE DIRECTOR- EX-OFFICIO 0 317751 0 0 0 23424 0 19885 0 16031 0 377091 0 0 THOMAS MEEHAN TREASURER 0 201638 0 16384 0 654 0 14473 0 14163 0 247312 0 0 ANAND SETHUPATHY INTERIM EXECUTIVE DIRECTOR 0 172081 0 7445 0 230 0 7265 0 10233 0 197254 0 0 WILLIAM GAROFALO ASSISTANT TREASURER 0 317592 0 49991 0 20217 0 19250 0 2026 0 409076 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, A RELATED ORGANIZATION. THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS USES A COMPENSATION COMMITTEE, INDEPENDENT CONSULTANT, COMPENSATION SURVEY OR STUDY, FORM 990 OF OTHER ORGANIZATIONS, AND AN APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE IN ORDER TO ESTABLISH THE COMPENSATION OF ITS CEO/EXECUTIVE DIRECTOR. PART I, LINES 4A-B THE FOLLOWING INDIVIDUAL PARTICIPATED IN A SUPPLIMENTAL NONQUALIFIED RETIREMENT PLAN DURING 2018 AND THE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (C) THOMAS COSTABILE $8,885 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 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 FOUNDATIGN 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. THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS TWO PARK AVENUE NEW YORK NY 10016 131623899 ENGINEERING ASSOCIATION NY 501(C)(3) 10 N/A 0 FBO JOHN A SWANSON 2006 ASME CHARITABLE REMAINDER TRUST TWO PARK AVENUE NEW YORK NY 10016 137493865 TRUST NJ N/A T 22731 437579 1.00000 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0