THE ASME FOUNDATION INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
THE ASME FOUNDATION INC (EIN 13-3372934)
Tax period
2010-07-01 to 2011-06-30
Filed
2012-05-14
IRS object ID
201221359349305132
Schema version
2010v3.4
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-05-14T15:25:12-05:00Timestamp
Tax Period End Date2011-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1JH COHN LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11212 6TH AVENUEAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10036ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN133372934EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE ASME FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlASMENameControl
Phone2125917000Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11828 L STREETAddressLine1
CityWASHINGTONDCCity
StateDCState
ZIP Code200365104ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMATTHEW SCHATZLEName
TitleEXECUTIVE DIRECTORTitle
Phone2125917000Phone
Date Signed2012-05-11DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameTHOMAS LANNINGName
Phone2122970400Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeXAddressChange
Name Of Principal Officer PersonMATTHEW SCHATZLENameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line11828 L STREETAddressLine1
CityWASHINGTONDCCity
StateDCState
ZIP Code200365104ZIPCode
FieldValueIRS element (for citing)
Gross Receipts3442680GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteHTTP://WWW.ASME.ORG/GROUPS.ASME-FOUNDATIONWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1986YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission DescriptionTHE ASME FOUNDATION, INC. WAS INCORPORATED AS A NOT-FOR-PROFIT SUPPORTING ORGANIZATION TO PROMOTE THE ART, SCIENCE, AND PRACTICE OF MECHANICAL ENGINEERING THROUGHOUT THE WORLD AND ENGAGE IN ACTIVITIES WHICH SUPPORT THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS ("ASME").ActivityOrMissionDescription
Nbr Voting Members Governing Body15NbrVotingMembersGoverningBody
Nbr Independent Voting Members11NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers60TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year1020050ContributionsGrantsPriorYear
Contributions Grants Current Year385683ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year372162InvestmentIncomePriorYear
Investment Income Current Year935192InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year1392212TotalRevenuePriorYear
Total Revenue Current Year1320875TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year596279GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY367032GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year0SalariesEtcPriorYear
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year24982TotalFundrsngExpCurrentYear
Other Expense Prior Year554017OtherExpensePriorYear
Other Expenses Current Year434917OtherExpensesCurrentYear
Total Expenses Prior Year1150296TotalExpensesPriorYear
Total Expenses Current Year801949TotalExpensesCurrentYear
Revenues Less Expenses Prior Year241916RevenuesLessExpensesPriorYear
Revenues Less Expenses CY518926RevenuesLessExpensesCY
Total Assets BOY20527868TotalAssetsBOY
Total Assets EOY23782816TotalAssetsEOY
Total Liabilities BOY380409TotalLiabilitiesBOY
Total Liabilities EOY353495TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY20147459NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY23429321NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionASME FOUNDATION, THROUGH GENEROUS SUPPORT OF ASME MEMBERS, FUNDS HUMANITARIAN PROGRAMS IN ENERGY, WORKFORCE DEVELOPMENT, AND GLOBAL IMPACT. IN DOING SO, ASME IS EMBRACING THE MISSION AND VALUES OF HUMANITARIAN ENGINEERING AND ENCOURAGING MEMBERS TO SHARE THEIR MANY TECHNICAL SKILLS AND KNOWLEDGE WITH UNDERSERVED COMMUNITIES AROUND THE WORLD. THE FOUNDATION ALSO HAS A SIGNIFICANT SCHOLARSHIP AND HONORS PROGRAM.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense224950Expense
Grants224950Grants
DescriptionASME FOUNDATION ANNUALLY SUPPORTS OUTSTANDING ACHIEVEMENTS AND CONTRIBUTIONS TO THE ART AND SCIENCE OF MECHANICAL ENGINEERING AND RELATED ENGINEERING DISCIPLINES. THE HONORS & AWARDS PROGRAM AT ASME SHOWCASES TO THE PUBLIC THE VITAL ROLE OF THE ENGINEER IN TODAY'S MODERN SOCIETY. IN 2011, WE AWARDED OVER 80 AWARDS AND HONORS TO ENGINEERS FROM ACADEMIA, INDUSTRY AND GOVERNMENT WHO EITHER HAD A LIFETIME OF ACHIEVEMENT IN SCIENCE AND ENGINEERING OR WHO HAD A GREAT ACCOMPLISHMENT RECENTLY. THE FOUNDATION ALSO AWARDS COLLEGE SCHOLARSHIPS TO THE BRIGHTEST, AND MOST TALENTED, STUDENTS WHO HAVE A DEMONSTRATED FINANCIAL NEED. WE ARE COMMITTED TO SUPPORTING THE CONTINUING EDUCATION OF FUTURE ENGINEERING LEADERS BY PROVIDING SCHOLARSHIPS TO DESERVING STUDENTS. OVER 60 STUDENTS FROM OVER 55 DIFFERENT SCHOOLS NATIONWIDE WERE SELECTED. THESE STUDENTS DEPEND ON THIS SUPPORT TO CONTINUE THEIR EDUCATION AND BECOME THE SCIENTIFIC AND ENGINEERING LEADERS OF THE FUTURE.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense142082Expense
Grants142082Grants
DescriptionIN 2011, THE FOUNDATION SUPPORTED 4 FEDERAL FELLOWS WHO SERVED IN HOUSE AND SENATE OFFICES IN CONGRESS. THE FOUNDATION ALSO FUNDED A FEDERAL FELLOW IN THE WHITE HOUSE WHO IS WORKING ON HELPING TO RETAIN MANUFACTURING CAPACITY AND EXPERTISE IN THE UNITED STATES. THE FOUNDATION ALSO PROVIDED SUPPORT TO ASME PROGRAMS IN FOUR PRIORITY AREAS; K12 SCIENCE, TECHNOLOGY AND MATHEMATICS (STEM); UNIVERSITY STUDENT & EARLY CAREER DEVELOPMENT; GLOBAL DEVELOPMENT & HUMANITARIAN ENGINEERING; AND TECHNICALLY SOUND PUBLIC POLICY. THE FOUNDATION SUPPORTED 10 SPECIFIC ASME PROGRAM AREAS.Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense79389Expense
DescriptionASME FOUNDATION SUPPORTED THE RECOGNITION OF ENGINEERING ACHIEVEMENT BY AWARDING OVER 200 MEDALS, PLAQUES AND CERTIFICATES TO WORTHY RECIPIENTS. THESE AWARDS INSPIRE CURRENT AND FUTURE ENGINEERS TO NEW HEIGHTS.Description

Activity Other ActivityOther

FieldValueIRS element (for citing)
Expense74556Expense
DescriptionIN 2011, ASME FOUNDATION SUPPORTED THE EXPANSION AND GROWTH OF ASME INTO MANY NEW AND IMPORTANT AREAS. FOUNDATION SUPPORT AND RESOURCES ALLOWED ASME TO ENGAGE NEW AUDIENCES AND ACTIVATE NEW CONSTITUENTS WITHIN OUR ASME MEMBERSHIP BASE. SUPPORT ALLOWED THE STAFF TO TRAVEL TO IMPORTANT CONFERENCES AND TO ENGAGE IN A COMPREHENSIVE STRATEGIC PLANNING PROCESS THAT IDENTIFIED KEY AREAS WHERE THE FOUNDATION AND ASME CAN HAVE STRONG AND IMPORTANT IMPACT.Description
FieldValueIRS element (for citing)
Total Of Other Program Service Exp74556TotalOfOtherProgramServiceExp
Total Program Service Expense520977TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip0ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals1GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10967NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members15NbrVotingGoverningBodyMembers
Number Independent Voting Members11NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledNJStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1JOHN DYS ACCOUNTING MANAGERBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number9732442247TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1ASME FOUNDATION 22 LAW DRIVEAddressLine1
CityFAIRFIELDCity
StateNJState
ZIP Code07004ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (18 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationFormerFormer
TERRY SHOUP
CHAIR6.00XX000
WARD O WINER
VICE CHAIR5.00XX000
JAMES COAKER
DIRECTOR1.50X000
LEE LANGSTON
DIRECTOR1.50X000
HARRY ARMEN
DIRECTOR1.50X000
VICTORIA ROCKWELL
DIRECTOR1.50X000
SUSAN SKEMP
DIRECTOR1.50X000
CHARLA WISE
DIRECTOR1.50X000
MICHAEL WEIS
TREASURER0.50XX035574688341
MATTHEW SCHATZLE
EXECUTIVE DIRECTOR40.00XX0885706280
JUDITH KEARNEY
SECRETARY40.00XX010218230424
THOMAS LOUGHLIN
DIRECTOR0.50X0490276128984
JOHN SWANSON
DIRECTOR1.50X000
BOB SIMMONS
DIRECTOR1.50X000
REGGIE VACHON
DIRECTOR1.50X000
LORETTA MCHUGH
DIRECTOR1.50X000
DORA NAGY
SECRETARY40.00XX000
WARREN LEONARD
EXECUTIVE DIRECTOR40.00016306780727X
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs1199841TotalReportableCompFrmRltdOrgs
Total Other Compensation334756TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed1FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
Related Organizations49000RelatedOrganizations
All Other Contributions336683AllOtherContributions
Total Contributions385683TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column565674TotalRevenueColumn
Exclusion$565,674ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities2491323Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities2121805Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities369518Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column369518TotalRevenueColumn
Exclusion$369,518ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column1320875TotalRevenueColumn
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$935,192ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total142082Total
Program Services142082ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total224950Total
Program Services224950ProgramServices

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total20860Total
Management And General20860ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total44846Total
Management And General44846ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total16503Total
Program Services85ProgramServices
Management And General128ManagementAndGeneral
Fundraising16290Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total27604Total
Management And General18912ManagementAndGeneral
Fundraising8692Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total91710Total
Program Services29900ProgramServices
Management And General61810ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total18365Total
Program Services18365ProgramServices

Travel Travel

FieldValueIRS element (for citing)
Total47686Total
Program Services20626ProgramServices
Management And General27060ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total38120Total
Program Services767ProgramServices
Management And General37353ManagementAndGeneral

Other Expenses OtherExpenses (3 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
CERTIFICATES,PLAQUES,ME794087939018
SPONSORSHIP3891838918
OTHER1089748126085

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total801949Total
Program Services520977ProgramServices
Management And General255990ManagementAndGeneral
Fundraising24982Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY113215BOY
EOY44060EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY306341BOY
EOY605542EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY84650BOY
EOY54650EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
EOY7718EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY1045028BOY
EOY890388EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY164170BOY
EOY162320EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY18814464BOY
EOY22018138EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY20527868BOY
EOY23782816EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY380409BOY
EOY353495EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY380409BOY
EOY353495EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY7937681BOY
EOY9150132EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY7289752BOY
EOY9147097EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY4920026BOY
EOY5132092EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY20147459BOY
EOY23429321EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY20527868BOY
EOY23782816EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses518926ReconcilationRevenueExpenses
Reconcilation Other Changes2762936ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3XSupportingOrganization509a3
Supporting Org509a3 Type2XSupportingOrg509a3Type2
Contrib By Controlling Individual0ContribByControllingIndividual
Contribution By Related Party0ContributionByRelatedParty
Contrib By35 Controlled Entity0ContribBy35ControlledEntity

Supported Org Information SupportedOrgInformation

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE AMERICAN SOCIETY MECHANICALBusinessNameLine1
FieldValueIRS element (for citing)
EIN131623899EIN
Type Of Organization9TypeOfOrganization
Listed In Governing Doc1ListedInGoverningDoc
Supported Organization Notified1SupportedOrganizationNotified
Organized In US1OrganizedInUS
Amount$142,082Amount
FieldValueIRS element (for citing)
Total Number Of Supported Orgs1TotalNumberOfSupportedOrgs
Sum Of Amounts142082SumOfAmounts

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance16300228BeginningOfYearBalance
Contributions207855Contributions
Investment Earnings Or Losses2990159InvestmentEarningsOrLosses
Grants Or Scholarships304532GrantsOrScholarships
Other Expenditures190453OtherExpenditures
End Of Year Balance19003257EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance14176235BeginningOfYearBalance
Contributions610063Contributions
Investment Earnings Or Losses1746001InvestmentEarningsOrLosses
Grants Or Scholarships221650GrantsOrScholarships
Other Expenditures10421OtherExpenditures
End Of Year Balance16300228EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance17264628BeginningOfYearBalance
Contributions476871Contributions
Investment Earnings Or Losses-2874438InvestmentEarningsOrLosses
Grants Or Scholarships346750GrantsOrScholarships
Other Expenditures344076OtherExpenditures
End Of Year Balance14176235EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.24660BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.27210PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.48130TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs
Total Of Book Value Land Buildings0TotalOfBookValueLandBuildings

Other Securities OtherSecurities (4 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
COMMON AND PREFERRED STOCK762138F
MUTUAL FUNDS11790363F
BONDS AND FIXED INCOME - MANAGED FUNDS4574308F
BONDS AND FIXED INCOME - MUTUAL FUNDS4891329F
FieldValueIRS element (for citing)
Total Of Book Value Securities22018138TotalOfBookValueSecurities
Total Revenue1320875TotalRevenue
Total Expenses801949TotalExpenses
Excess Or Deficit For Year518926ExcessOrDeficitForYear
Net Unrealized GL On Investments2762936NetUnrealizedGLOnInvestments
Total Adjustments2762936TotalAdjustments
Excess Or Deficit Per FS3281862ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt4546936TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments2762936NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities507971DonatedSrvcAndUseOfFacilities
Revenue Not Rptd F9903270907RevenueNotRptdF990
Revenue Subtotal1276029RevenueSubtotal
Investment Expenses Not Included44846InvestmentExpensesNotIncluded
Revenue Not Rptd On Fin Stmt44846RevenueNotRptdOnFinStmt
Total Revenue Per Form9901320875TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt1265074TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities507971DonatedServicesUseOfFacilities
Expenses Not Rptd F990507971ExpensesNotRptdF990
Expenses Subtotal757103ExpensesSubtotal
Investment Expenses Not Included244846InvestmentExpensesNotIncluded2
Expenses Not Rptd On Fin Stmt44846ExpensesNotRptdOnFinStmt
Total Expenses Per Form990801949TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:PART V, LINE 4:THE FOUNDATION FUNDS USES ENDOWMENT FUNDS AS SCHOLARSHIPS, AWARDS, FELLOWSHIPS AND GRANTS THROUGH VARIOUS ESTABLISHED FUNDS IN THE FOUNDATION. STUDENT LOANS ARE GIVEN TO PROMOTE MECHANICAL ENGINEERING AS A FIELD OF STUDY TO DESERVING STUDENTS. THE FOUNDATION ALSO FUNDS THE ASME FOUNDATION GRANT PROGRAM WHICH PROVIDES SUPPORT FOR ASME INITIATIVES THAT ENCOURAGE MATH, SCIENCE AND ENGINEERING LITERACY, ENGINEERING CAREER DEVELOPMENT, PROGRAMS THAT ENCOURAGE THE DEVELOPMENT OF SOUND PUBLIC POLICY.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:PART X:EFFECTIVE JULY 1,2009, THE ASME FOUNDATION ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO. 48("FIN 48"), "ACCOUNTING FOR UNCERTAINITIES IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO.109, "NOW INCORPORATED IN ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. THE ADOPTION OF FIN 48 DID NOT HAVE AN EFFECT ON THE ASME FOUNDATION'S FINANCIAL POSITION AS OF JULY 1, 2010 OR FOUNDATION'S RESULTS OF OPERATIONS AND CASH FLOWS FOR THE YEAR ENDED JUNE 30,2011. THE ASME FOUNDATION IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATION BY TAX PENALTIES FOR FISCAL YEARDS BEFORE 2007.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

FieldValueIRS element (for citing)
Business Name Line1AMERICAN SOCIETY OF MECHANICAL ENGINEERSBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1THREE PARK AVENUE 23RD FLOORAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code100165990ZIPCode
FieldValueIRS element (for citing)
EIN Of Recipient131623899EINOfRecipient
IRC Section501(C)(3)IRCSection
Amount Of Cash Grant142082AmountOfCashGrant
Purpose Of Grant1) 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.PurposeOfGrant
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants1TotalNbrOf501C3AndGovtGrants

Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)

Type Of GrantTypeOfGrantNumber Of RecipientsNumberOfRecipientsAmount Of Cash GrantAmountOfCashGrant
SCHOLARSHIPS3494400
AWARDS/HONORS88130550

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierPROCEDURE FOR MONITORING GRANTS IN THE U.S.:Identifier
Return ReferencePART I, LINE 2:ReturnReference
ExplanationSCHEDULE 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 STUDENT ONCE THEY MEET CERTAIN CRITERIA. THEY ARE GIVEN EITHER DIRECTLY TO STUDENT OR THE SCHOOL HE OR SHE ATTENDS. ONCE SCHOLARSHIP IS AWARDED THERE ARE NO PROCEDURES TO MONITOR THE USE OF GRANTS.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeXCompensationCommittee
Independent ConsultantXIndependentConsultant
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
MICHAEL WEIS
02818130724750145806385002449104440870194227
THOMAS LOUGHLIN
0376132010752006624010397102501306192600256304
WARREN LEONARD
016226700080006747401325302437940125714

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
FORM 990, PART VI, SECTION B, LINE 11ASME REVIEW PROCESS IRS FORM 990: 1. J.H COHN PREPARES THE IRS FORM 990 AND PROVIDES AN ELECTRONIC COPY TO THE ASME FOUNDATION CHAIR, EXECUTIVE DIRECTOR, TREASURER AND AUDIT COMMITTEE CHAIR. THIS OCCURS APPROXIMATELY THREE WEEKS PRIOR TO THE DATE REQUIRED FOR SUBMISSION TO THE IRS. 2. A TELEPHONE MEETING TO REVIEW THE FORM 990 IS ARRANGED BY THE ASME FOUNDATION EXECUTIVE DIRECTOR TO INCLUDE THE FOUNDATION OFFICERS AND THE ASME MANAGING DIRECTOR OF FINANCE. 3. THE FORM IS THEN DISTRIBUTED TO THE FULL ASME FOUNDATION BOARD OF DIRECTORS ATLEAST TWO WEEKS PRIOR TO THE REQUIRED SUBMISSION DATE TO THE IRS. 4. FORM 990 IS FILED WITH THE IRS ELECTRONICALLY.
THE CONFLICT OF INTEREST DISCLOSURE FORM IS REQUIRED TO BE COMPLETED BY THE ASME FOUNDATION BOARD MEMBERS ON AN ANNUAL BASIS.FORM 990, PART VI, SECTION B, LINE 12C
(A) - THE PROCESS FOR DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR INCLUDES A REVIEW OF COMPARABILITY DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT, AS WELL AS REVIEW AND APPROVAL BY INDEPENDENT PERSONS, AND THE CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, LINE 15B - THE PROCESS FOR DETERMINING THE COMPENSATION OF OTHER OFFICERS INCLUDES A REVIEW OF COMPARABILITY DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. ANNUALLY, THIS INDEPENDENT CONSULTANT PROVIDES AN UPDATE ON COMPENSATION FOR ALL STAFF, WHICH REQUIRES THE REVIEW AND APPROVAL BY INDEPENDENT PERSONS OF STAFF SALARY RANGES, AVERAGE SALARY INCREASES, AND INCENTIVE COMPENSATION STRUCTURES. THESE INDEPENDENT PERSONS ALSO REVIEW, IN AGGREGATE, THE AVERAGE COMPENSATION, RELATIVE TO SALARY BAND MIDPOINT, OF INDIVIDUALS ASSIGNED TO EXEMPT SALARY BANDS.FORM 990, PART VI, SECTION B, LINE 15
THE ASME FOUNDATION INC. USES ITS FOUNDATION.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.FORM 990, PART VI, SECTION C, LINE 19
CHANGES IN NET ASSETS OR FUND BALANCES:NET UNREALIZED GAINS ON INVESTMENTS: 2,762,936.FORM 990, PART XI, LINE 5:
THE SELECTION AND OVERSIGHT PROCESS DID NOT CHANGE FROM PRIOR YEAR.FORM 990, PART XI, LINE 2C:

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusDirect Controlling Entity NADirectControllingEntityNAControlled OrgControlledOrgBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
AMERICAN SOCIETY OF MECHANICAL ENGINEERS
THREE PARK AVE 23RD FLOORNEW YORKNY10016131623899ENGINEERING ASSOCIATIONNY501(C)(3)LINE 9N/A0
ASME AUXILIARY INC
THREE PARK AVE 23RD FLOORNEW YORKNY10016136128507ENGINEERING ASSOCIATIONNY501(C)(3)LINE 90ASME
THE ASME MINING & EXCAVATION RESEARCH INSTITUTE
THREE PARK AVE 23RD FLOORNEW YORKNY10016521582156ENGINEERING ASSOCIATIONNY501(C)(3)LINE 90ASME
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org1GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities1SharingOfFacilities
Sharing Of Paid Employees1SharingOfPaidEmployees
Reimbursement Paid To Other Org1ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

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