EIN 13-3372934

The ASME Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1986
Most recent tax filings
2023-06-01
Description
The ASME Foundation funds initiatives in K-12 STEM education, early career development, engineering for global development, and public policy.
Related structure
The ASME Foundation is a subordinate organization under American Society of Mechanical Engineers (ASME).
Total revenues
$4,680,772
2023
Total expenses
$3,882,309
2023
Total assets
$35,928,467
2023
Num. employees
0
2023

Program areas at The ASME Foundation

Scholarships: Asme is commited to ensuring that tomorrow's engineering leaders have The talent and education to solve The unique challenges of tomorrow. By awarding scholarships to The brightest, most promising mechanical engineering students in need, The Asme Foundation, Inc. is working towards a future where engineering changemakers are as diverse as The communities they transform through innovation. In fiscal year 2023 we awarded over $629,809 to 176 deserving students.
Stem: in order to spark a passion for stem in youth, providing students with a dynamic look at The world of engineering innovation is a critical first step to a rewarding, fullfilling career in The field. Asme Foundation, Inc. Supports initiatives in k-12 science, technology, engineering and mathematics (stem); university student & early career development; including inspire. Inspire is a unique digital platform that utilizes digital tools like gaming and virtual simulations to teach critical, career-focused technology and coding skills while exposing students to stem opportunities that they might never have dreamed were within their reach. During its seventh year, The Asme inspire programs were made available to over 100,000 students in over 1,300 schools in all 50 states.
Federal fellows and global development: as part of a continued effort to help engineers play critical roles as advisors, researchers, and teachers, The Asme Foundation, Inc. Supported 10 fellowships. Included are: graduate teaching fellows who are outstanding doctoral candidates in mechanical engineering education, engineering for change research fellows who solve critical quality-of-life challenges in underserved communities, and federal fellows who served in executive and legislative branches of The federal government and advise on energy, manufacturing, infrastructure, and technology.

Grants made by The ASME Foundation

GranteeGrant descriptionAmount
American Society of Mechanical Engineers (ASME)Various Program Support$1,372,517

Who funds The ASME Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Society of Mechanical Engineers (ASME)Mission-Driven Programs$1,286,500
ImpactAssetsGeneral Support$240,000
United Engineering FoundationConnecting the Dots: Engineering Societies Redefining Engineering Disciplines for Industry$62,000
...and 3 more grants received

Personnel at The ASME Foundation

NameTitleCompensation
Stephanie ViolaExecutive Director$0
Keith MilesDirector , Major Gifts
Jarrett ReichCorporate Relationships and Communications Manager
Anne NadlerSenior Manager , Government Partnerships
Allysa OliverManager , Development Operations
...and 15 more key personnel

Financials for The ASME Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$3,655,294
Program services$0
Investment income and dividends$966,303
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$59,175
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,680,772

Form 990s for The ASME Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990View PDF
2022-062023-05-09990View PDF
2021-062022-07-11990View PDF
2020-062021-05-26990View PDF
2019-062021-01-28990View PDF
...and 9 more Form 990s
Data update history
October 16, 2024
Updated personnel
Identified 6 new personnel
August 12, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 3, 2024
Updated personnel
Identified 2 new personnel
July 13, 2024
Received grants
Identified 3 new grant, including a grant for $1,286,500 from American Society of Mechanical Engineers (ASME)
December 23, 2023
Received grants
Identified 2 new grant, including a grant for $62,000 from United Engineering Foundation Glenmade Trust
Nonprofit Types
Grantmaking organizationsResearch centersChapter / child organizationsCharities
Issues
Science and technologyEducationCommunity improvementBusiness and industry
Characteristics
Political advocacyProvides grantsConducts researchFundraising eventsNational levelEndowed supportProvides scholarshipsTax deductible donationsNo full-time employeesAccepts 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
asmefoundation.org/ 
Phone
(212) 591-7000
IRS details
EIN
13-3372934
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
U03: Science and Technology Professional Societies and Associations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0192464
FTB Entity ID
AB 488 data last updated ("as-of") date
2024-09-18
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