2012-05-14T15:25:12-05:00 2011-06-30 JH COHN LLP 1212 6TH AVENUE NEW YORK NY 10036 990 2010-07-01 133372934 THE ASME FOUNDATION INC ASME 2125917000 1828 L STREET WASHINGTONDC DC 200365104 MATTHEW SCHATZLE 2125917000 2012-05-11 1 THOMAS LANNING 2122970400 2010 2016-02-24 21:20:13Z X MATTHEW SCHATZLE 1828 L STREET WASHINGTONDC DC 200365104 3442680 0 X HTTP://WWW.ASME.ORG/GROUPS.ASME-FOUNDATION X 1986 NY THE 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"). 15 11 0 60 0 0 1020050 385683 0 0 372162 935192 0 0 1392212 1320875 596279 367032 0 0 0 0 0 0 24982 554017 434917 1150296 801949 241916 518926 20527868 23782816 380409 353495 20147459 23429321 X ASME 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. 0 0 224950 224950 ASME 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. 142082 142082 IN 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. 79389 ASME 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. 74556 IN 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. 74556 520977 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 X 15 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NJ NY X JOHN DYS ACCOUNTING MANAGER 9732442247 ASME FOUNDATION 22 LAW DRIVE FAIRFIELD NJ 07004 TERRY SHOUP 6.00 X X 0 0 0 WARD O WINER 5.00 X X 0 0 0 JAMES COAKER 1.50 X 0 0 0 LEE LANGSTON 1.50 X 0 0 0 HARRY ARMEN 1.50 X 0 0 0 VICTORIA ROCKWELL 1.50 X 0 0 0 SUSAN SKEMP 1.50 X 0 0 0 CHARLA WISE 1.50 X 0 0 0 MICHAEL WEIS 0.50 X X 0 355746 88341 MATTHEW SCHATZLE 40.00 X X 0 88570 6280 JUDITH KEARNEY 40.00 X X 0 102182 30424 THOMAS LOUGHLIN 0.50 X 0 490276 128984 JOHN SWANSON 1.50 X 0 0 0 BOB SIMMONS 1.50 X 0 0 0 REGGIE VACHON 1.50 X 0 0 0 LORETTA MCHUGH 1.50 X 0 0 0 DORA NAGY 40.00 X X 0 0 0 WARREN LEONARD 40.00 X 0 163067 80727 0 1199841 334756 0 1 1 0 0 49000 336683 385683 565674 565674 2491323 2121805 369518 369518 369518 1320875 0 0 935192 142082 142082 224950 224950 20860 20860 44846 44846 16503 85 128 16290 27604 18912 8692 91710 29900 61810 18365 18365 47686 20626 27060 38120 767 37353 CERTIFICATES,PLAQUES,ME 79408 79390 18 SPONSORSHIP 38918 38918 OTHER 10897 4812 6085 801949 520977 255990 24982 113215 44060 306341 605542 84650 54650 7718 1045028 890388 164170 162320 18814464 22018138 20527868 23782816 380409 353495 380409 353495 X 7937681 9150132 7289752 9147097 4920026 5132092 20147459 23429321 20527868 23782816 X 518926 2762936 X X 0 1 1 X 0 X X 0 0 0 THE AMERICAN SOCIETY MECHANICAL 131623899 9 1 1 1 142082 1 142082 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16300228 207855 2990159 304532 190453 19003257 14176235 610063 1746001 221650 10421 16300228 17264628 476871 -2874438 346750 344076 14176235 0.24660 0.27210 0.48130 0 0 0 COMMON AND PREFERRED STOCK 762138 F MUTUAL FUNDS 11790363 F BONDS AND FIXED INCOME - MANAGED FUNDS 4574308 F BONDS AND FIXED INCOME - MUTUAL FUNDS 4891329 F 22018138 1320875 801949 518926 2762936 2762936 3281862 4546936 2762936 507971 3270907 1276029 44846 44846 1320875 1265074 507971 507971 757103 44846 44846 801949 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. 1 AMERICAN SOCIETY OF MECHANICAL ENGINEERS THREE PARK AVENUE 23RD FLOOR NEW YORK NY 100165990 131623899 501(C)(3) 142082 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. 1 SCHOLARSHIPS 34 94400 AWARDS/HONORS 88 130550 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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 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. X X X X 0 0 0 0 0 0 0 0 0 MICHAEL WEIS 0 281813 0 72475 0 1458 0 63850 0 24491 0 444087 0 194227 THOMAS LOUGHLIN 0 376132 0 107520 0 6624 0 103971 0 25013 0 619260 0 256304 WARREN LEONARD 0 162267 0 0 0 800 0 67474 0 13253 0 243794 0 125714 FORM 990, PART VI, SECTION B, LINE 11 ASME 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. 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 AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 (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 C, LINE 19 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,762,936. FORM 990, PART XI, LINE 2C: THE SELECTION AND OVERSIGHT PROCESS DID NOT CHANGE FROM PRIOR YEAR. AMERICAN SOCIETY OF MECHANICAL ENGINEERS THREE PARK AVE 23RD FLOOR NEW YORK NY 10016 131623899 ENGINEERING ASSOCIATION NY 501(C)(3) LINE 9 N/A 0 ASME AUXILIARY INC THREE PARK AVE 23RD FLOOR NEW YORK NY 10016 136128507 ENGINEERING ASSOCIATION NY 501(C)(3) LINE 9 ASME 0 THE ASME MINING & EXCAVATION RESEARCH INSTITUTE THREE PARK AVE 23RD FLOOR NEW YORK NY 10016 521582156 ENGINEERING ASSOCIATION NY 501(C)(3) LINE 9 ASME 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0