EIN 13-1623899

American Society of Mechanical Engineers (ASME)

IRS 501(c) type
501(c)(3)
Num. employees
428
Year formed
1880
Most recent tax filings
2023-06-01
Description
Founded in 1880 as the American Society of Mechanical Engineers, ASME is a not-for-profit professional organization that enables collaboration, knowledge sharing and skill development across all engineering disciplines.
Total revenues
$160,466,638
2023
Total expenses
$130,099,497
2023
Total assets
$250,705,240
2023
Num. employees
428
2023

Program areas at ASME

Technical events & content- asme annually performs research on technical Mechanical engineering issues, and holds technical meetings and conferences for Mechanical Engineers on a varity of Mechanical engineering topics and subjects.
Engineering operations- asme hosts programs under which a company or an individual is assessed and certified based on demonstrated ability to meet The requirements of an asme standard. These conformity assessments continue to provide a service vital to The enhancement of public safety and facilitation of international commerce.
Standards operations- asme establishes and publishes public safety related industrial and manufacturing codes and standards for The design, manufacturing, and installation of Mechanical devices. The principal product affecting revenue and expenses is The Society's boiler and pressure vessel code (The boiler code).
Publications- asme produces and prepares The technical content of The Society for public distribution and sale in The form of journals, conference proceedings and books, both in print and electronic media.
Programs- asme hosts conferences and workshops to help identify emerging issues of interest to members and The engineering profession at large.
Learning & development- asme provides continuing education courses for engineering and The technical workforce.
Constituent engagement- asme offers professional and student Mechanical engineering Society memberships. In exchange for dues payments, The member receives several membership benefits including, but not limited to, monthly subscription to 'Mechanical engineer' magazine, free access to on-line reference tools, free subscription to daily e-newsletter, and discounts on asme publications, continuing education and conference registrations.
Misc./other programs

Grants made by ASME

GranteeGrant descriptionAmount
The ASME FoundationMission-Driven Programs$1,286,500

Who funds American Society of Mechanical Engineers (ASME)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The ASME FoundationVarious Program Support$1,372,517
ImpactAssetsGeneral Support$250,000
American Automatic Control Council (AACC)To Promote Education and Cooperation in the Automatic Control Profession.$76,967
...and 2 more grants received

Personnel at ASME

NameTitleCompensation
Thomas CostabileExecutive Director and Chief Executive Officer$974,066
Jeffrey PattersonChief Operating Officer$656,313
William GarofaloBoard Member$679,196
Michael JohnsonChief Strategy Officer$687,388
Allian PrattManaging Director , Board Operations$346,070
...and 9 more key personnel

Financials for ASME

RevenuesFYE 06/2023
Total grants, contributions, etc.$2,886,465
Program services$54,806,212
Investment income and dividends$3,071,413
Tax-exempt bond proceeds$0
Royalty revenue$42,522,149
Net rental income$0
Net gain from sale of non-inventory assets$43,634,193
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$13,102,254
Miscellaneous revenues$443,952
Total revenues$160,466,638

Form 990s for ASME

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-11990View PDF
2021-062022-05-16990View PDF
2020-062021-05-26990View PDF
2019-062021-01-27990View PDF
...and 11 more Form 990s
Data update history
July 13, 2024
Used new vendors
Identified 2 new vendors, including , and
July 13, 2024
Received grants
Identified 1 new grant, including a grant for $1,372,517 from The ASME Foundation
January 29, 2024
Updated personnel
Identified 8 new personnel
January 2, 2024
Received grants
Identified 4 new grant, including a grant for $250,000 from ImpactAssets
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Professional associationsBusiness and community development organizationsResearch centersHeadquarter / parent organizationsCharities
Issues
Science and technologyCommunity improvementBusiness and industry
Characteristics
Conducts researchLobbyingOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
2 Park Ave
New York, NY 10016
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
asme.org/ 
Phone
(973) 882-1170
Facebook page
ASME.org 
Twitter profile
@asmedotorg 
IRS details
EIN
13-1623899
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1880
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
U40: Engineering and Technology Research, Services
NAICS code, primary
813920: Professional Associations
Parent/child status
Central organization
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