2017-05-15T09:17:46-05:00 2016-06-30 KPMG LLP 345 PARK AVENUE NEW YORK NY 10154 990 2015-07-01 133372934 THE ASME FOUNDATION INC % THOMAS MEEHAN ASME 2125917000 TWO PARK AVENUE NEW YORK NY 100165990 THOMAS MEEHAN TREASURER 2125917000 2017-05-12 true MARY-EVELYN ANTONETTI P00431862 2127589700 2017-05-13 2015 2021-01-29 14:40:06Z PAUL SCOTT TWO PARK AVENUE NEW YORK NY 10016 10893809 false X www.asme.org/about-asme/volunteer-resources X 1986 NY THE ASME FOUNDATION, INC. FUNDS AND DEVELOPS PROGRAMS THAT SUPPORT, CREATE, AND ADVANCE THE FIELD OF ENGINEERING 11 9 0 75 0 0 2190642 1410745 0 0 2038273 720512 0 0 4228915 2131257 1283305 846077 0 0 0 0 235744 303840 475981 2047346 1596388 3566395 2746305 662520 -615048 22836620 21045866 1225018 1034110 21611602 20011756 X THE 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. false false 731077 731077 SCHOLARSHIPS: THE ASME FOUNDATION AWARDS scholarships TO THE BRIGHTEST, AND MOST TALENTED, MECHANICAL ENGINEERING STUDENTS WHO HAVE A DEMONSTRATED FINANCIAL NEED, AND ARE ACTIVE IN ASME. IN FISCAL YEAR 2016, WE AWARDED $731,077 TO OVER 85 DESERVING STUDENTS. WE ARE COMMITTED TO CONTINUE OUR SUPPORT OF THE EDUCATION OF FUTURE ENGINEERING LEADERS. ADDITIONALLY, THE FOUNDATION SUPPORTED 5 FEDERAL FELLOWS WHO SERVED IN EXECUTIVE AND LEGISLATIVE BRANCHES OF THE FEDERAL GOVERNMENT. 500000 EDUCATION PROGRAMS: The ASME Foundation paid $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. 121000 ACHIEVEMENTS IN MECHANICAL ENGINEERING: Partnering with NASA, The ASME Foundation is involved in a program that will give K-12 students the chance to design items that could ultimately be manufactured on the International Space Station. Through the new program, "Future Engineers," the space agency and the Foundation will develop a series of 3D design challenges and cirrucula intended to inspire students to solve real-world exploration challenges. 393136 115000 1745213 true true false false false false false false false true false false false false true true true false false false false false false true false false false true true true false false false false true false false false false false false false false true false false false true 6 0 false 0 false false false false false false false false false false X 11 9 false false false false false false false true true false false true true true true true false false false false AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X THOMAS MEEHAN 9732442255 150 CLOVE ROAD little falls NJ 07424 FRANK ADAMEK DIRECTOR 1.5 0.0 X 0 0 0 HARRY ARMEN DIRECTOR 1.5 0.0 X 0 0 0 KENNETH R BALKEY DIRECTOR 1.5 0.0 X 0 0 0 DEANNE BELL DIRECTOR 1.5 0.0 X 0 0 0 JENNIFER JEWERS BOWLIN DIRECTOR 1.5 0.0 X 0 0 0 LYNDEN F DAVIS VICE CHAIRMAN 1.5 0.0 X X 0 0 0 RUDOLF LANDWAARD DIRECTOR 1.5 0.0 X 0 0 0 THOMAS LOUGHLIN DIRECTOR, EX-OFFICIO 2.5 40.0 X 0 632821 445135 LORETTA C MCHUGH DIRECTOR 1.5 0.0 X 0 0 0 TOM PESTORIUS DIRECTOR 1.5 0.0 X 0 0 0 SUSAN H SKEMP CHAIRMAN 5.0 0.0 X X 0 0 0 Gretchen Crutchfield Secretary 1.0 40.0 X 0 77947 27099 Noha EL-Ghobashy Executive Director 2.5 40.0 X 0 224870 70660 WILLIAM GAROFALO ASSISTANT TREASURER 2.5 40.0 X 0 346451 15430 Thomas Meehan Treasurer 1.0 40.0 X 0 200645 16319 MATTHEW SCHATZLE FORMER EXECUTIVE DIRECTOR 0.0 0.0 X 0 122055 2080 0 1604789 576723 0 true true false EVERFI PO BOX 200034 PITTSBURGH PA 152510034 INSPIRE PRGM ASSIST. 500000 IPM ADVANCEMENT LLC 2340 EAST BEARDSLEY ROAD SUITE 100 PHOENIX AZ 85024 FUNDRAISING 178110 DCM 330 WEST 38TH SUITE 207 NEW YORK NY 10018 FUNDRAISING 125730 3 520888 889857 1410745 0 420131 420131 0 0 0 0 0 9062933 8762552 300381 300381 300381 0 0 0 0 2131257 720512 115000 115000 731077 731077 0 0 0 0 0 0 0 0 880494 586266 216024 78204 48654 48279 375 13500 13500 0 303840 303840 52614 52614 0 7986 7986 115679 20343 13913 81423 0 0 109762 10704 99030 28 92984 37019 55965 0 36446 36409 37 0 0 0 0 SPONSORSHIPS 121000 121000 CERTIFICATES, PLAQUES & MEDALS 84751 84751 OTHER 32518 2644 25749 4125 2746305 1745213 525111 475981 1042106 1154278 64806 31520 150983 80155 0 0 0 0 0 0 333345 238464 255901 217300 0 0 0 20989479 19324149 0 0 0 0 0 0 0 0 22836620 21045866 222549 189189 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1002469 844921 1225018 1034110 X 6044422 4988967 10510005 9965614 5057175 5057175 21611602 20011756 22836620 21045866 X -615048 -910391 -74407 X false true X true false X X 1 THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS 131623899 9 true 115000 0 1 115000 true false false false false false false false false false false false false false false false false SCHEDULE A, PART IV, SECTION C, LINE 1 MANAGEMENT OF THE ASME FOUNDATION IS VESTED IN THE SAME PERSONS THAT MANAGE ASME. ASME'S EXECUTIVE DIRECTOR IS A MEMBER OF THE ASME FOUNDATION'S BOARD. THE FOUR OFFICERS OF THE ASME FOUNDATION ARE EMPLOYEES OF ASME AND THEY SERVE AS THE ASME FOUNDATION 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. ALSO NOTABLE, AT LEAST HALF OF THE MEMBERS OF THE ASME FOUNDATION'S BOARD ARE REQUIRED TO HAVE SERVED ASME IN THE PAST IN A DIRECTOR, OR OFFICER CAPACITY. AS A RESULT OF THESE RELATIONSHIPS, THE ASME FOUNDATION IS RESPONSIVE TO THE NEEDS OF ASME. MOREOVER, GREATER THAN 50% OF THE ASME FOUNDATION'S CONTRIBUTIONS, AND ABOUT 24% OF ITS TOTAL REVENUE, WAS CONTRIBUTED BY ASME. PROGRAMMATICALLY, OVER 48% OF THE ASME FOUNDATION'S DIRECT GRANT DOLLARS WERE PAID AS SCHOLARSHIPS FOR ACTIVE STUDENT MEMBERS OF ASME. THESE FACTS CLEARLY DEMONSTRATE THE ASME FOUNDATION'S SIGNIFICANT INVOLVEMENT IN ASME AND ITS LONG TERM INVESTMENT IN ASME'S SUCCESS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15871920 142400 -151917 892827 14969576 16426260 374317 -310352 618305 15871920 15119511 35280 2493094 941416 280209 16426260 18686630 260576 1701179 1029376 19619009 18965757 99835 360248 739210 18686630 0.28050 0.33780 0.38170 false false 0 S 367767 SPLIT INTEREST ANNUITY PAYABLE 477154 844921 X 1093845 -910391 -74407 -984798 2078643 52614 52614 2131257 2693691 2693691 52614 52614 2746305 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, 2016. Part XI, Line 2D Present Value Adjustment to Annuities Payable $(74,407) X X X true DCM 330 WEST 38TH STREET SUITE 207 NEW YORK NY 10018 FUNDRAISING false 138001 125730 12271 IPM Advancement LLC 2340 EAST BEARDSLEY ROAD SUITE 100 PHOENIX AZ 85024 FUNDRAISING false 99614 178110 -78496 237615 303840 -66225 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI SCHEDULE G PART I LINE 2B LIST OF TEN HIGHEST PAID FUNDRAISERS : (I) NAME OF FUNDRAISER : DCM (I) ADDRESS OF FUNDRAISER : 330 WEST 38TH STREET, STE 207 NEW YORK NY 10018 (II) NAME OF FUNDRAISER : IPM Advancement LLC (II) ADDRESS OF FUNDRAISER : 2340 EAST BEARDSLEY ROAD, SUITE 100, PHOENIX, AZ 85024 true AMERICAN SOCIETY OF MECHANCIAL ENGINEERS TWO PARK AVENUE NEW YORK NY 10016 131623899 501(C)(3) 115000 FMV N/A FEDERAL GOV'T ASME FELLOW PROGRAM 1 FELLOWSHIPS 5 292094 FMV N/A Scholarships 85 438983 fmv N/A SCHEDULE I, PART I, LINE 2: THE ASME FOUNDATION AWARDS GRANTS TO AN AFFILIATE ORGANIZATION, ASME. THERE ARE MANY DIFFERENT METHODS THAT THE ASME FOUNDATION 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 THE RESPECT TO THE FEDERAL FELLOW GRANTS, MEETINGS ARE HELD MONTHLY WITH ASME STAFF TO MONITOR THE PROGRESS OF THE PROGRAM. THE ASME FOUNDATION BOARD OF DIRECTORS ALSO RECEIVE REPORTS FROM ASME LEADERSHIP ON THE EFFECTIVENESS OF PROGRAMS THAT ARE SUPPORTED BY ASME FOUNDATION GRANTS. THE SCHOLARSHIPS ARE AWARDED TO STUDENTS ONCE THEY MEET CERTAIN CRITERIA. THE SCHOLARSHIPS ARE PROVIDED TO THE SCHOOL THE STUDENT ATTENDS, AND THE SCHOOL APPLIES THE FUNDS TO THE STUDENT'S ACCOUNT OR TUITION BALANCE. ONCE SCHOLARSHIP IS AWARDED THERE ARE NO PROCEDURES TO MONITOR THE USE OF GRANTS. true true false false false false false false false Noha EL-Ghobashy Executive Director 0 195729 0 21315 0 7826 0 58484 0 12176 0 295530 0 0 WILLIAM GAROFALO ASSISTANT TREASURER 0 289225 0 38250 0 18976 0 13250 0 2180 0 361881 0 0 THOMAS LOUGHLIN DIRECTOR, EX-OFFICIO 0 507300 0 88910 0 36611 0 405222 0 39913 0 1077956 0 0 Thomas Meehan Treasurer 0 179528 0 20736 0 381 0 3686 0 12633 0 216964 0 0 MATTHEW SCHATZLE FORMER EXECUTIVE DIRECTOR 0 42322 0 0 0 79733 0 0 0 2080 0 124135 0 0 SCH J ,PART I, LINE 3 RELATED ORGANIZATION COMPENSATION DISCLOSURE 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 COMPENSATION 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 THE ITS CEO/EXECUTIVE DIRECTOR. SCH J, PART I, LINE 4A THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE DURING 2015 AND THE AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III): MATTHEW SCHATZLE, $64,454 SCH J, PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DURING 2015 AND THE AMOUNTS ARE REPORTED IN SCHEDULE J,PART II, COLUMN (C): THOMAS LOUGHLIN, $241,549 FUTURE ENGINEERS SEE PART V 121000 OTHER ASSISTANCE SPONSORSHIP SCHEDULE L, PART III, COLUMN B RELATIONSHIP: ORGANIZATION OWNED BY BOARD MEMBER 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 $393,136. INCLUDING GRANTS OF $ 0. REVENUE $ 0. 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 COMPLETION CIRCULATES TO THE CHAIR AND THE EXECUTIVE DIRECTOR. THIS OCCURS PRIOR TO THE DATE REQUIRED FOR SUBMISSION TO THE IRS. THE FINAL DRAFT AS WILL BE SUBMITTED TO THE IRS IS THEN DISTRIBUTED TO THE FULL ASME FOUNDATION BOARD OF DIRECTORS PRIOR TO SUBMISSION 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. Part XI, Line 9: Other changes in net Assets Present Value Adjustment to Annuities Payable $(74,407) AMERICAN SOCIETY OF MECHANICAL ENGINEERS TWO PARK AVENUE NEW YORK NY 10016 131623899 ENGIN. ASSOC NY 501(C)(3) LINE 9 NA false CHARITABLE REMAINDER TRUST (1) TRUST NJ false true true false false false false false false false false true true true true false false false