NonprofitsThe Asme Foundation Inc

Science & Technology

The Asme Foundation Inc

NEW YORK, NY

Total revenue

$6.2M

Total expenses

$4.5M

Net assets

$35.8M

Grants received

$10.4M

37 grants

EIN

133372934

Tax year

2023

Mission

The asme foundation, inc. Funds and develops programs that support, create, (continued on sch. O) the asme foundation, inc. Funds and develops programs that support, create, and advance the field of engineering.

Programs

2 programs

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 8 fellowships. Included are: graduate teaching fellows who are outstanding doctoral candidates in mechanical engineering education, and federal fellows who served in executive and legislative branches of the federal government and advise on energy, manufacturing, infrastructure, and technology.

Expenses: $1.2MGrants: $480K

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. The 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 tenth year, the asme's foundation's k-12 programs were available to schools in all 50 states, reaching over 70,000 students.

Expenses: $2.1MGrants: $1.1M

Financials

FY 2023

Revenue

Contributions & grants$3.6M
Program service revenue
Investment income$2.5M
Other revenue$129K
Total revenue$6.2M

Expenses

Grants paid$2.2M
Salaries & benefits$1.9M
Fundraising
Other expenses$267K
Total expenses$4.5M
Total assets$37.8M
Net assets$35.8M

People

9 listed

NameRoleCompensation

THOMAS COSTABILE

DIRECTOR, EX-OFFICIO

Board

2.5 hrs/wk

THOMAS MEEHAN

TREASURER

Board

2.5 hrs/wk

STEPHANIE VIOLA

EXECUTIVE DIRECTOR

Board

2.5 hrs/wk

COLUMBIA MISHRA

DIRECTOR

Board

2 hrs/wk

KAREN OHLAND

DIRECTOR

Board

2 hrs/wk

OSCAR BARTON

DIRECTOR

Board

2 hrs/wk

SONYA SMITH

CHAIR

Board

2 hrs/wk

GRETCHEN CRUTCHFIELD

SECRETARY

Board

2.5 hrs/wk

ANAND SETHUPATHY

FORMER INTERIM EXEC. DIRECTOR

Staff

0

Grants received

Showing 37 of 37

FromAmountPurposeYear
$20K
GENERAL OPERATIONS
2024
$500
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2024
$800K
WORK BASED LEARNING
2023
$100K
TO PROVIDE CONTINUED SUPPORT OF ASME ISHOW IN INDIA, KENYA, AND THE UNITED STATES AND TO PILOT MODELS FOR STRENGTHENING REGIONAL ECOSYSTEMS.
2023
$6K
For grant recipient's exempt purposes
2023
$4K
GENERAL SUPPORT
2023
$1K
SCIENCE
2023
$300
MATCHING GIFTS
2023
$100
GENERAL SUPPORT
2023
$1.3M
MISSION-DRIVEN PROGRAMS
2022
$240K
GENERAL SUPPORT
2022
$62K
CONNECTING THE DOTS: ENGINEERING SOCIETIES REDEFINING ENGINEERING DISCIPLINES FOR INDUSTRY
2022
$62K
CONNECTING THE DOTS: ENGINEERING SOCIETIES REDEFINING ENGINEERING DISCIPLINES FOR INDUSTRY
2022
$10K
General Support
2022
$7K
For grant recipient's exempt purposes
2022
$2K
MATCHING GIFTS
2022
$2.4M
MISSION-DRIVEN PROGRAMS
2021
$100K
For recipient's exempt purpose
2021
$52K
GENERAL OPERATING
2021
$30K
For grant recipient's exempt purposes
2021
$30K
For grant recipient's exempt purposes
2021
$250
MATCHING - DEVOR-KAPOOR AWARD
2021
$250
EDUCATION
2021
$628K
MISSION-DRIVEN PROGRAMS
2020
$48K
CONNECTING THE DOTS: ENGINEERING SOCIETIES REDEFINING ENGINEERING DISCIPLINES FOR INDUSTRY
2020
$25K
OPERATIONAL
2020
$22K
TO PROVIDE CONTINUED SUPPORT OF ASME ISHOW IN INDIA, KENYA, AND IN THE UNITED STATES.
2020
$5K
MATCHING GIFTS
2020
$500
IN SUPPORT OF 501 (C)(3) ORGANIZATION
2020
$275
EMPLOYEE MATCHING GIFTS
2020
$307K
MISSION - DRIVEN PROGRAMS
2019
$20K
For grant recipient's exempt purposes
2018
$4.1M
SECTOR OPERATIONS
2017

Funded by

$10.4M from 21 funders · 37 grants · 2017–2024

The American Society Of Mechanical

$8.7M · 5 grants · 2017–2022

Ecmc Foundation

$800K · 1 grant · 2023

Impactassetsinc

$240K · 1 grant · 2022

United Engineering Foundation Inc

$172K · 3 grants · 2020–2022

The Lemelson Foundation

$122K · 2 grants · 2020–2023

Fidelity Investments Charitable Gift Fund

$93K · 5 grants · 2018–2023

American Online Giving Foundation Inc

$76K · 3 grants · 2019–2024

Details

EIN133372934
NTEE codeU40
Subsection03
Ruling date1986-11
Formed1986
Employees0
Volunteers75
THE ASME FOUNDATION INC — Mission, Financials & Grants Received | Grantivo