Program areas at ASME
Technical events & content and institutes- 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
| Grantee | Grant description | Grant year | Amount |
|---|
| The ASME Foundation | Mission-Driven Programs | 2022-06 | $2,378,050 |
Who funds American Society of Mechanical Engineers (ASME)
Grants from foundations and other nonprofits
Personnel at ASME
| Name | Title | Compensation | Date of data |
|---|
| Thomas Costabile | Board Member | $974,066 | 2022-10-03 |
| Jeffrey Patterson | Chief Operating Officer | $656,313 | 2022-06-30 |
| William Garofalo | Chief Financial Officer | $679,196 | 2023-05-11 |
| Laurel Raso | Chief Human Resources Officer / Associate Executive Director / Managing Director | $665,531 | 2021-06-30 |
| Michael Johnson | Chief Strategy Officer | $687,388 | 2022-06-30 |
| ...and 12 more key personnel |
Financials for ASME
| Revenues | FYE 06/2022 | FYE 06/2021 | % Change |
|---|
| Total grants, contributions, etc. | $1,644,227 | $11,496,966 | -85.7% |
| Program services | $43,901,905 | $47,209,001 | -7% |
| Investment income and dividends | $1,623,239 | $1,664,296 | -2.5% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $40,442,160 | $33,670,002 | 20.1% |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $5,586,386 | $434,854 | 1184.7% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $20,919,415 | $988,109 | 2017.1% |
| Miscellaneous revenues | $1,043,589 | $348,089 | 199.8% |
| Total revenues | $115,160,921 | $95,811,317 | 20.2% |
Organizations like ASME
| Organization | Type | Location | Revenue |
|---|
| Society of Photo Optical Instrumentation Engineer (SPIE) | 501(c)(3) | Bellingham, WA | $46,847,935 |
| Optical | 501(c)(3) | Washington, DC | $51,003,670 |
| National Academy of Sciences | 501(c)(3) | Washington, DC | $311,720,918 |
| American Association for the Advancement of Science (AAAS) | 501(c)(3) | Washington, DC | $112,309,734 |
| American Psychological Association | 501(c)(3) | Washington, DC | $143,908,467 |
| American Institute of Chemical Engineers (AIChE) | 501(c)(3) | New York, NY | $50,980,914 |
| American Society of Civil Engineers (ASCE) | 501(c)(3) | Reston, VA | $62,671,354 |
| Universities Space Research Association | 501(c)(3) | Columbia, MD | $147,588,502 |
| American Physical Society | 501(c)(3) | College Park, MD | $83,272,367 |
| American Society for Microbiology (ASM) | 501(c)(3) | Washington, DC | $47,169,263 |
Data update history
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 11, 2023
Used new vendors
Identified 13 new vendors, including , , , , , , , , , , , , and
July 3, 2023
Updated personnel
Identified 3 new personnel
May 25, 2023
Updated personnel
Identified 5 new personnel
May 13, 2023
Used new vendors
Identified 2 new vendors, including , and
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 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/Â
- Phone
- (973) 882-1170
- Facebook page
- ASME.orgÂ
- Twitter profile
- @asmedotorgÂ
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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