2015-05-13T10:01:55-05:00 2014-06-30 KPMG LLP 345 PARK AVENUE NEW YORK NY 10154 990 2013-07-01 133372934 The ASME Foundation Inc % THOMAS MEEHAN ASME 2125917000 TWO PARK AVENUE Suite NEW YORK NY 100165990 THOMAS MEEHAN TREASRUER 2025857393 2015-05-13 true KPMG LLP P00634378 2025857393 2013 2016-02-25 16:41:14Z X THOMAS MEEHAN TWO PARK AVENUE NEW YORK NY 10016 8439644 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 9 8 0 60 0 0 1044829 1024260 0 0 1158149 1100071 0 0 2202978 2124331 799196 941426 0 0 0 0 194322 186582 440341 1766682 2388096 2760200 3516104 -557222 -1391773 22834389 26543146 471527 2861588 22362862 23681558 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 798496 798496 0 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 2014, WE AWARDED OVER $478,496 TO 170 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. 110000 110000 0 THE ASME FOUNDATION ALSO CONTRIBUTED $110,000 TO ASME'S FLAGSHIP HUMANITARIAN ENGINEERING PROGRAM, ENGINEERING FOR CHANGE (E4C). 32930 0 THE ASME FOUNDATION ANNUALLY SUPPORTS OUTSTANDING ACHIEVEMENTS AND THE CONTRIBUTIONS TO THE ART AND SCIENCE OF MECHANICAL ENGINEERING, AND THE RELATED ENGINEERING DISCIPLINES. IN 2014, 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. 1637263 2578689 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 false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false X 9 8 false false false false false false false true true false false true true true true true false false false false AR GA HI MD NJ NY NC X THOMAS MEEHAN 9732442255 22 LAW DRIVE FAIRFIELD NJ 07007 DAVID WEBBER TREASURER 1.5 40.0 X X 0 152005 28412 HARRY ARMEN DIRECTOR 1.5 0.0 X 0 0 0 JAMES COAKER DIRECTOR 1.5 0.0 X 0 0 0 JOHN G VOELLER DIRECTOR 1.5 0.0 X 0 0 0 LORETTA C MCHUGH DIRECTOR 1.5 0.0 X 0 0 0 LYDEN F DAVIS PE VICE CHAIRMAN 1.5 0.0 X X 0 0 0 SUSAN H SKEMP CHAIRMAN 5.0 0.0 X X 0 0 0 THOMAS LOUGHLIN DIRECTOR, EX-OFFICIO 1.5 41.0 X 0 622215 268200 FRANK ADAMEK DIRECTOR 1.5 0.0 X 0 0 0 MADIHA KOTB DIRECTOR, EX-OFFICIO 1.5 0.0 X 0 0 0 TOM PESTORIUS DIRECTOR 1.5 0.0 X 0 0 0 WILLIAM GAROFALO ASSISTANT TREASURER 1.0 41.0 X 0 285960 15060 DORA NAGY SECRETARY 40.0 0.0 X 0 54240 10064 MATTHEW SCHATZLE EXECUTIVE DIRECTOR 40.0 0.0 X 0 199916 28777 0 1314336 350513 0 false true false NONE 0 18671 1005589 0 1024260 0 571247 571247 0 0 0 0 0 6844137 6315313 528824 528824 528824 0 0 0 0 0 0 2124331 0 0 1100071 142930 142930 798496 798496 0 0 0 0 0 0 0 0 0 1080598 1080598 85171 85171 13000 13000 0 186582 186582 47526 47526 246124 5520 132241 108363 89269 62363 26906 157847 56678 92276 8893 0 0 143695 48005 20935 74755 176426 79805 34873 61748 0 57689 16790 40899 0 0 0 0 SPONSORSHIP 172927 172927 CERTIFICATES, PLAQUES & MEDALS 89025 87404 1621 OTHER 16592 14966 1626 BAD DEBTS 12207 12207 3516104 2578689 497074 440341 45739 115393 132265 297452 96710 216236 54020 41653 0 0 0 0 571815 476660 202003 236990 0 0 0 21731837 25158762 0 0 0 0 0 0 0 0 22834389 26543146 471527 234192 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2627396 471527 2861588 X 8473146 8119928 8963541 10629455 4926175 4932175 22362862 23681558 22834389 26543146 -1391773 2710469 X false true X true false X X false false false THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS 131623899 09 true true true 110000 1 110000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15119511 35280 2493094 941416 280209 16426260 18686630 260576 1701179 1029376 19619009 18965757 99835 360248 739210 18686630 16300228 207855 2990159 304532 190453 37500 18965757 14176235 610063 1746001 221650 10421 16300228 0.28800 0.30030 0.41170 false false 0 DUE TO ASME 2627396 2627396 X 4787274 2710469 2710469 2076805 47526 47526 2124331 3468578 3468578 47526 47526 3516104 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, 2014. X X X true HARRIS CONNECT 1511 ROUTE 22 SUITE C -25 BREWSTER NY 10509 FUNDRAISING SOLICITA false 0 186582 -186582 0 186582 -186582 NJ NY SCHEDULE G PART I LINE 2B LIST OF TEN HIGHEST PAID FUNDRAISERS : (I) NAME OF FUNDRAISER : HARRIS CONNECT (I) 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) 110000 0 FMV N/A FEDERAL GOV'T ASME FELLOW PROGRAM 1 SCHOLARSHIPS 170 478496 0 FMV N/A FELLOWSHIPS 4 320000 0 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. PART II LINE 1, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: AMERICAN SOCIETY OF MECHANICAL ENGINEERS (H) PURPOSE OF GRANT OR ASSISTANCE : 1 ) FEDERAL GOVERNMENT ASME FELLOW PROGRAM, 2)BEST PRACTICE HIGH SCHOOL DESIGN, 3) E-NANO LIBRARY TOOLS TOMORROW WORKFORCE, 4)MECHANICAL ENGINEERING EDUCATION 2028, 5)ASME HONORS AND AWARDS, 6) PRE-COLLEGE PARTNERSHIP/MIDDLE SCHOOL K 12 STEM 7)MECHANICAL ENGINEERING A- Z ENHANCEMENT. false false false false false false false false false DAVID WEBBER TREASURER 0 151248 0 757 0 0 0 0 0 28412 0 180417 0 0 THOMAS LOUGHLIN DIRECTOR, EX-OFFICIO 0 518049 0 104166 0 0 0 0 0 268200 0 890415 0 0 WILLIAM GAROFALO ASSISTANT TREASURER 0 246657 0 39303 0 0 0 10620 0 4440 0 301020 0 0 MATTHEW SCHATZLE EXECUTIVE DIRECTOR 0 181368 0 18548 0 0 0 0 0 28777 0 228693 0 0 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 $1,637,263. INCLUDING GRANTS OF $ 0. REVENUE $ 0. FORM 990 PART VI SECTION B LINE 11: ASME REVIEW PROCESS IRS FORM 990: 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 DISCLOSURE FORM IS REQUIRED TO BE COMPLETED BY THE ASME FOUNDATION BOARD MEMBERS ON ANNUAL BASIS. FORM 990 , PART VI , SECTION C, LINE 19: THE ASME FOUNDATION USES THE ASME.ORG WEBSITE TO MAKE AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS INCLUDING 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. 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 ENGIN. ASSOC NY 501(C)(3) LN 11B, II ASME false THE ASME MINING & EXCAVATION RESEARCH TWO PARK AVENUE NEW YORK NY 10016 521582156 ENGIN. ASSOC NY 501(C)(3) LN 11B, II ASME false false true true false false false false false false false false false false true true true false false false