2016-05-11T15:12:55-05:00 2015-06-30 KPMG LLP 345 PARK AVENUE NEW YORK NY 10154 990 2014-07-01 133372934 The ASME Foundation Inc % THOMAS MEEHAN ASME 2125917000 TWO PARK AVENUE NEW YORK NY 100165990 THOMAS MEEHAN TREASURER 2125917000 2016-05-11 true JOCELYNE C MILLER P00634378 2127589700 2016-05-11 2014 2016-08-17 19:52:53Z Noha El-Gobashy TWO PARK AVENUE NEW YORK NY 10016 14807076 false X WWW.ASME.ORG/ABOUT-ASME/GET-INVOLVED/ASME- X 1986 NY FUNDS AND DEVELOPS PROGRAMS THAT SUPPORT CREATE, AND ADVANCE THE FIELD OF ENGINEERING 12 12 0 75 0 0 1024260 2190642 0 0 1100071 2038273 0 0 2124331 4228915 941426 1283305 0 0 0 0 186582 235744 637235 2388096 2047346 3516104 3566395 -1391773 662520 26543146 22836620 2861588 1225018 23681558 21611602 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 783305 783305 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 2015, WE AWARDED $646,633 TO 81 DESERVING STUDENTS, WE ARE COMMITTED TO CONTINUE OUR SUPPORT OF THE EDUCATION OF FUTURE ENGINEERING LEADERS. ADDITIONALLY, THE FOUNDATION SUPPORTED 3 FEDERAL FELLOWS WHO SERVED IN EXECUTIVE AND LEGISLATIVE BRANCHES OF THE FEDERAL GOVERNMENT. 500000 500000 EDUCATION PROGRAMS: The ASME Foundation contributed $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. 68195 ACHIEVEMENTS IN MECHANICAL ENGINEERING: THE ASME FOUNDATION ANNUALLY SUPPORTS OUTSTANDING ACHIEVEMENTS AND THE CONTRIBUTIONS TO THE ART AND SCIENCE OF MECHANICAL ENGINEERING, AND THE RELATED ENGINEERING DISCIPLINES. IN FISCAL YEAR 2015, THE ASME FOUNDATION SUPPORTED THE RECOGNITION OF ENGINEERING ACHIEVEMENT BY AWARDING OVER 80 MEDALS, PLAQUES AND CERTIFICATES TO WORTHY RECIPIENTS. THESE AWARDS INSPIRE CURRENT AND FUTURE ENGINEERS TO NEW HEIGHTS. THE RECIPIENTS EITHER EXHIBITED A LIFETIME OF ACHIEVEMENT IN SCIENCE AND ENGINEERING OR RECENTLY CELEBRATED A GREAT ACCOMPLISHMENT OR BREAKTHROUGH IN SCIENCE AND ENGINEERING. 1080754 2432254 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 0 false false false false false false false false false false X 12 12 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 653468 313511 LORETTA C MCHUGH DIRECTOR 1.5 0.0 X 0 0 0 TOM PESTORIUS DIRECTOR 1.5 0.0 X 0 0 0 J ROBERT SIMS 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 73876 24898 Noha EL-Ghobashy Executive Director 1.0 40.0 X 0 207436 45789 WILLIAM GAROFALO ASSISTANT TREASURER 2.5 40.0 X 0 294511 15913 Thomas Meehan Treasurer 1.0 40.0 X 0 182593 15898 MATTHEW SCHATZLE EXECUTIVE DIRECTOR 1.0 40.0 X 0 178208 26062 DAVID WEBBER treasurer 1.0 40.0 X 0 136626 29510 0 1726718 471581 0 true true false DCM 330 WEST 38TH STREET STE 207 NEW YORK NY 10018 FUNDRAISER 127899 1 1109739 1080903 2190642 0 513180 513180 0 0 0 0 0 12103254 10578161 1525093 1525093 1525093 0 0 0 0 4228915 2038273 500000 500000 783305 783305 0 0 0 0 0 0 0 0 993711 710646 64610 218455 0 49629 354 49275 0 235744 235744 47348 47348 0 34500 14835 19665 217130 12957 197032 7141 0 0 95931 8805 87126 112674 53587 19667 39420 0 108219 53879 4991 49349 0 0 0 0 SPONSORSHIP 281073 221073 60000 CERTIFICATES, PLAQUES & MEDALS 75646 75616 30 OTHER 31485 6002 25483 3566395 2432254 496906 637235 115393 1042106 297452 64806 216236 150983 41653 0 0 0 0 0 476660 333345 236990 255901 0 0 0 25158762 20989479 0 0 0 0 0 0 0 0 26543146 22836620 234192 670647 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2627396 554371 2861588 1225018 X 8119928 6044422 10629455 10510005 4932175 5057175 23681558 21611602 26543146 22836620 X 662520 -2428482 -303994 X false true X true false X X 1 THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS 131623899 9 true 500000 0 1 500000 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 VOTING MEMBER OF THE ASME FOUNDATION'S BOARD. FOUR OF THE SIX 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 MORE THAN 25% OF ITS TOTAL REVENUE, WAS CONTRIBUTED BY ASME. PROGRAMMATICALLY, OVER 60% 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 16426260 374317 -310352 618305 15871920 15119511 35280 2493094 941416 280209 16426260 18686630 260576 1701179 1029376 19619009 18965757 99835 360248 739210 18686630 16300228 207855 2990159 304532 190453 37500 18965757 0.28830 0.31860 0.39310 false false 0 DUE TO ASME 554371 554371 X 1449091 -2428482 -303994 -2732476 4181567 47348 47348 4228915 3519047 3519047 47348 47348 3566395 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, 2015. Part XI, Line 2D Present Value Adjustment to Annuities Payable $(303,994) X X X true DCM FUNDRAISING false 127899 -127899 IPM Advancement LLC Solicitatio false 100000 -100000 Harris Connect fundraising solicitatio false 7845 -7845 235744 -235744 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 (III) NAME OF FUNDRAISER : HARRIS CONNECT (III) ADDRESS OF FUNDRAISER : 1511 ROUTE 22 SUITE C- 25 BREWSTER NY 10509 true AMERICAN SOCIETY OF MECHANCIAL ENGINEERS TWO PARK AVENUE NEW YORK NY 10016 131623899 501(C)(3) 500000 FMV N/A FEDERAL GOV'T ASME FELLOW PROGRAM 1 FELLOWSHIPS 3 136672 FMV N/A Scholarships 81 646633 fmv N/A SCHEDULE I, PART I, LINE 2: THE ASME FOUNDATION AWARDS GRANTS TO THE PARENT 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. false false false false false false false false false Noha EL-Ghobashy Executive Director 0 180996 0 26057 0 383 0 33506 0 12283 0 253225 0 0 WILLIAM GAROFALO ASSISTANT TREASURER 0 226821 0 49390 0 18300 0 12343 0 3570 0 310424 0 0 THOMAS LOUGHLIN DIRECTOR, EX-OFFICIO 0 500929 0 136350 0 16189 0 283331 0 30180 0 966979 0 0 Thomas Meehan Treasurer 0 166646 0 15595 0 352 0 3428 0 12470 0 198491 0 0 MATTHEW SCHATZLE EXECUTIVE DIRECTOR 0 177316 0 0 0 892 0 0 0 26062 0 204270 0 0 DAVID WEBBER treasurer 0 123337 0 0 0 13289 0 2934 0 26576 0 166136 0 0 FUTURE ENGINEERS SEE PART V 10000 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 $1,080,754. 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 RECEIPT CIRCULATES TO THE CHAIR AND THE EXECUTIVE DIRECTOR. THIS OCCURS PRIOR TO THE DATE REQUIRED FOR SUBMISSION TO THE IRS. THE FORM IS THEN DISTRIBUTED TO THE FULL ASME FOUNDATION BOARD OF DIRECTORS PRIOR TO THE REQUIRED SUBMISSION DATE 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 $(303,994) AMERICAN SOCIETY OF MECHANICAL ENGINEERS TWO PARK AVENUE NEW YORK NY 10016 131623899 ENGIN. ASSOC NY 501(C)(3) LINE 9 NA false ASME AUXILIARY INC TWO PARK AVENUE NEW YORK NY 10016 136128507 Educ Loans NY 501(C)(3) LN 11B, II ASME false THE ASME MINING & EXCAVATION RESEARCH TWO PARK AVENUE NEW YORK NY 10016 521582156 Research NY 501(C)(3) LN 11B, II ASME false false true true false false false false false false false false false true true true false false false