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← AMERICAN SOCIETY OF MECHANICAL ENGINEERS

Form 990 for tax year 2024

Filed by AMERICAN SOCIETY OF MECHANICAL ENGINEERS.

Totals

Total revenue
$136,989,570
Total expenses
$124,281,041
Contributions and grants received
$1,278,312
Grants paid
$1,850,185
Program service revenue
$61,985,460
Investment income
$10,302,774
Other revenue
$63,423,024
Total assets, end of year
$227,895,489
Total liabilities, end of year
$60,118,232
Net assets or fund balances, end of year
$167,777,257
Program services expenses (Part IX)
$87,648,785
Management and general expenses
$36,590,367
Fundraising expenses
$41,889
Program service expenses (Part III)
$87,648,785

Program services were 70.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,082,947

  • 1f · All other contributions, gifts and grants

    $195,365

  • 2a · Program service revenue: ENGINEERING OPERATIONS

    total $39,078,013 · related or exempt $39,078,013

  • 2b · Program service revenue: TECHNICAL EVENTS & CON

    total $11,911,896 · related or exempt $11,911,896

  • 2c · Program service revenue: LEARNING AND DEVELOPME

    total $5,779,976 · related or exempt $5,779,976

  • 2d · Program service revenue: CONSTITUENT ENGAGEMENT

    total $3,051,375 · related or exempt $3,051,375

  • 2e · Program service revenue: STANDARDS OPERATIONS

    total $391,464 · related or exempt $391,464

  • 2f · All other program service revenue

    total $1,772,736 · related or exempt $1,138,866 · unrelated business $633,870

  • 3 · Investment income

    total $5,657,733 · excluded $5,657,733

  • 5 · Royalties

    total $47,871,088 · related or exempt $47,871,088

  • 6a · Gross rents

    real property $29,507

  • 6b · Less rental expenses

    real property $18,389

  • 6c · Rental income or loss

    real property $11,118

  • 6d · Net rental income or loss

    total $11,118 · excluded $11,118

  • 7a · Gross sales of assets other than inventory

    securities $4,697,469

  • 7b · Less cost or other basis and sales expenses

    securities $52,428

  • 7c · Gain or loss

    securities $4,645,041

  • 7d · Net gain or loss

    total $4,645,041 · excluded $4,645,041

  • 10a · Gross sales of inventory

    $19,901,106

  • 10b · Cost of goods sold

    $4,759,770

  • 10c · Net income from sales of inventory

    total $15,141,336 · related or exempt $15,141,336

  • 11a · Other revenue: JOB BOARD

    total $208,151 · unrelated business $208,151

  • 11b · Other revenue: OTHER INCOME

    total $188,842 · related or exempt $188,842

  • 11c · Other revenue: AFFINITY CAR RENTAL

    total $2,489 · unrelated business $2,489

  • 11e · Other revenue, total

    $399,482

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,850,185 · program services $1,850,185

  • 5 · Compensation of officers, directors and key employees

    total $8,284,316 · program services $5,605,997 · management and general $2,678,319

  • 7 · Other salaries and wages

    total $42,615,579 · program services $28,839,325 · management and general $13,776,254

  • 8 · Pension plan contributions

    total $3,293,219 · program services $2,229,510 · management and general $1,063,709

  • 9 · Other employee benefits

    total $14,305,498 · program services $9,587,584 · management and general $4,717,914

  • 10 · Payroll taxes

    total $3,280,728 · program services $2,221,053 · management and general $1,059,675

  • 11b · Fees: legal

    total $2,792,794 · program services $1,419,493 · management and general $1,373,301

  • 11c · Fees: accounting

    total $250,220 · program services $9,711 · management and general $240,509

  • 11d · Fees: lobbying

    total $48,290 · program services $48,290

  • 11e · Fees: professional fundraising services

    total $41,889 · fundraising $41,889

  • 11f · Fees: investment management

    total $221,928 · management and general $221,928

  • 11g · Fees: other

    total $1,632,367 · program services $1,035,826 · management and general $596,541

  • 12 · Advertising and promotion

    total $2,992,517 · program services $2,983,747 · management and general $8,770

  • 13 · Office expenses

    total $2,009,390 · program services $1,541,145 · management and general $468,245

  • 14 · Information technology

    total $6,348,465 · program services $2,823,070 · management and general $3,525,395

  • 16 · Occupancy

    total $134,765 · program services $133,974 · management and general $791

  • 17 · Travel

    total $4,124,754 · program services $2,439,871 · management and general $1,684,883

  • 19 · Conferences, conventions and meetings

    total $7,820,057 · program services $7,636,379 · management and general $183,678

  • 20 · Interest

    total $351,932 · management and general $351,932

  • 22 · Depreciation, depletion and amortization

    total $2,572,343 · program services $331,137 · management and general $2,241,206

  • 23 · Insurance

    total $614,786 · management and general $614,786

  • 24a · Other expenses: DIRECT COSTS FOR PROGRA

    total $13,950,148 · program services $13,950,148

  • 24b · Other expenses: PROFESSIONAL SUPPORT

    total $2,338,224 · program services $803,476 · management and general $1,534,748

  • 24c · Other expenses: ALL OTHER EXPENSES

    total $1,359,764 · program services $1,255,613 · management and general $104,151

  • 24d · Other expenses: AWARDS AND HONORARIUMS

    total $862,554 · program services $811,052 · management and general $51,502

  • 24e · All other expenses

    total $184,329 · program services $92,199 · management and general $92,130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,529,606 · end of year $20,007,637

  • 4 · Accounts receivable

    beginning of year $18,725,598 · end of year $16,847,008

  • 7 · Other notes and loans receivable

    beginning of year $134,116 · end of year $232,393

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,256,700 · end of year $7,043,927

  • 10a · Land, buildings and equipment: cost or other basis

    $20,813,057

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,301,981

  • 10c · Land, buildings and equipment, net

    beginning of year $4,764,597 · end of year $3,511,076

  • 11 · Investments: publicly traded securities

    beginning of year $167,675,871 · end of year $178,781,975

  • 15 · Other assets

    beginning of year $2,511,690 · end of year $1,471,473

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,904,937 · end of year $26,945,566

  • 19 · Deferred revenue

    beginning of year $27,001,633 · end of year $31,180,087

  • 25 · Other liabilities

    beginning of year $20,679,946 · end of year $1,992,579

  • 27 · Net assets without donor restrictions

    beginning of year $144,555,860 · end of year $167,297,857

  • 28 · Net assets with donor restrictions

    beginning of year $455,802 · end of year $479,400

Mission and programs · 2024

Mission

THE MISSION OF THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS ("ASME") IS TO ADVANCE ENGINEERING FOR THE BENEFIT OF HUMANITY.

Activities or mission (Part I)

TO ADVANCE ENGINEERING FOR THE BENEFIT OF HUMANITY.

  • 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.

    Expenses $23,582,741 · Grants $1,850,185 · Revenue $11,911,896

  • 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).

    Expenses $14,730,201 · Revenue $53,036,331

  • 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.

    Expenses $19,035,750 · Revenue $39,078,013

  • 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.

    Expenses $14,494,212 · Revenue $10,870,691

  • PROGRAMS- ASME HOSTS CONFERENCES AND WORKSHOPS TO HELP IDENTIFY EMERGING ISSUES OF INTEREST TO MEMBERS AND THE ENGINEERING PROFESSION AT LARGE.

    Expenses $846,932

  • LEARNING & DEVELOPMENT- ASME PROVIDES CONTINUING EDUCATION COURSES FOR ENGINEERING AND THE TECHNICAL WORKFORCE.

    Expenses $8,079,573 · Revenue $5,779,976

  • 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.

    Expenses $3,664,877 · Revenue $2,540,748

  • MISC./OTHER PROGRAMS

    Expenses $3,214,499 · Revenue $1,969,071

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lester Su

    PRESIDENT (INCUMBENT)/MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Susan Ipri-Brown

    PRESIDENT (EXITING)/MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Alma Fallon

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    4

  • Carlos Beatty Jr

    MEMBER AT LARGE (BEGIN 6/8/25)

    Total calculated
    $0
    Hours/week
    4

  • David Schlesinger

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    4

  • Janis Terpenny

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    4

  • Jared Oehring

    MEMBER AT LARGE (END 6/8/25)

    Total calculated
    $0
    Hours/week
    4

  • Kathryn Jablokow

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    4

  • Monica Moman-Saunders

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    4

  • Nelia Mazula

    MEMBER AT LARGE (BEGIN 6/8/25)

    Total calculated
    $0
    Hours/week
    4

  • Nicole Dyess

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    4

  • Parisa Saboori

    MEMBER AT LARGE (BEGIN 6/8/25)

    Total calculated
    $0
    Hours/week
    4

  • Patrick Vieth

    MEMBER AT LARGE (END 6/8/25)

    Total calculated
    $0
    Hours/week
    4

  • Scott Smith

    MEMBER AT LARGE (BEGIN 6/8/25)

    Total calculated
    $0
    Hours/week
    4

  • Thomas R Kurfess

    MEMBER AT LARGE (END 6/8/25)

    Total calculated
    $0
    Hours/week
    4

  • William King

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    4

  • Thomas Costabile

    EXECUTIVE DIRECTOR/CEO

    Total calculated
    $2,088,766
    From this org
    $1,546,335
    From related orgs
    $0
    Other
    $542,431
    Hours/week
    40 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $717,398
    Bonus
    $771,498
    Other
    $57,439
    Deferred
    $524,150
    Nontaxable benefits
    $18,281
    Filer's total
    $2,088,766

  • William Garofalo

    CHIEF FINANCIAL OFFICER

    Total calculated
    $1,034,580
    From this org
    $1,006,980
    From related orgs
    $0
    Other
    $27,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $463,330
    Bonus
    $515,889
    Other
    $27,761
    Deferred
    $27,600
    Nontaxable benefits
    $0
    Filer's total
    $1,034,580

  • John Delli Venneri

    ASST SECRETARY (EXITING)/GEN COUNSEL

    Total calculated
    $906,798
    From this org
    $837,423
    From related orgs
    $0
    Other
    $69,375
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $412,774
    Bonus
    $412,549
    Other
    $12,100
    Deferred
    $27,600
    Nontaxable benefits
    $41,775
    Filer's total
    $906,798

  • Allian Pratt

    ASST SEC (INCUMB)/CHF LEAD ENGAG OFF

    Total calculated
    $703,793
    From this org
    $637,243
    From related orgs
    $0
    Other
    $66,550
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,016
    Bonus
    $279,799
    Other
    $28,428
    Deferred
    $26,674
    Nontaxable benefits
    $39,876
    Filer's total
    $703,793

  • Tara McMahan

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Michael Johnson

    CHIEF STRATEGY OFFICER

    Total calculated
    $971,287
    From this org
    $949,939
    From related orgs
    $0
    Other
    $21,348
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $419,357
    Bonus
    $495,249
    Other
    $35,333
    Deferred
    $20,700
    Nontaxable benefits
    $648
    Filer's total
    $971,287

  • Jeffrey Patterson

    CHIEF OPERATING OFFICER

    Total calculated
    $807,627
    From this org
    $751,528
    From related orgs
    $0
    Other
    $56,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $444,978
    Bonus
    $272,143
    Other
    $34,407
    Deferred
    $24,150
    Nontaxable benefits
    $31,949
    Filer's total
    $807,627

  • Chandra Clouden

    CHIEF HR OFFICER

    Total calculated
    $719,489
    From this org
    $672,499
    From related orgs
    $0
    Other
    $46,990
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $366,466
    Bonus
    $304,799
    Other
    $1,234
    Deferred
    $20,700
    Nontaxable benefits
    $26,290
    Filer's total
    $719,489

  • Keith Bloesch

    CHIEF INFORMATION OFFICER

    Total calculated
    $535,422
    From this org
    $507,822
    From related orgs
    $0
    Other
    $27,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $373,909
    Bonus
    $132,783
    Other
    $1,130
    Deferred
    $27,600
    Nontaxable benefits
    $0
    Filer's total
    $535,422

  • Anand Sethupathy

    CHIEF STRATEGY OFFICER

    Total calculated
    $498,553
    From this org
    $437,704
    From related orgs
    $0
    Other
    $60,849
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $338,053
    Bonus
    $98,628
    Other
    $1,023
    Deferred
    $24,150
    Nontaxable benefits
    $36,699
    Filer's total
    $498,553

  • Josh Heitsenrether

    SR. MD, MARKETING & DIGITAL STRATEGY

    Total calculated
    $520,310
    From this org
    $457,161
    From related orgs
    $0
    Other
    $63,149
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,084
    Bonus
    $124,161
    Other
    $18,916
    Deferred
    $24,150
    Nontaxable benefits
    $38,999
    Filer's total
    $520,310

  • Steve Papaganeres

    MANAGING DIRECTOR, FINANCE

    Total calculated
    $515,846
    From this org
    $446,695
    From related orgs
    $0
    Other
    $69,151
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,200
    Bonus
    $211,684
    Other
    $811
    Deferred
    $27,600
    Nontaxable benefits
    $41,551
    Filer's total
    $515,846

  • Thomas Meehan

    CONTROLLER

    Total calculated
    $507,116
    From this org
    $440,517
    From related orgs
    $0
    Other
    $66,599
    Hours/week
    40 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $270,202
    Bonus
    $168,961
    Other
    $1,354
    Deferred
    $27,600
    Nontaxable benefits
    $38,999
    Filer's total
    $507,116

  • Robert Karmelich

    SR. MD, CORP SALES & CUSTOMER CARE

    Total calculated
    $447,617
    From this org
    $388,340
    From related orgs
    $0
    Other
    $59,277
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,952
    Bonus
    $117,808
    Other
    $55,580
    Deferred
    $19,756
    Nontaxable benefits
    $39,521
    Filer's total
    $447,617

  • Christopher Cantrell

    SR. MD, STANDARDS ENGINEERING SVCS

    Total calculated
    $411,598
    From this org
    $389,942
    From related orgs
    $0
    Other
    $21,656
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,203
    Bonus
    $107,304
    Other
    $1,435
    Deferred
    $17,071
    Nontaxable benefits
    $4,585
    Filer's total
    $411,598

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
AN EMPLOYEE RECEIVED A PAYMENT AS PART OF AN AGREEMENT COVERED BY SCH. J, PART I, LINE 4A. ROBERT KARMELICH - $53,549 CERTAIN EXECUTIVES HAVE ARRANGEMENTS WHICH PROVIDE FOR SUPPLEMENTAL RETIREMENT BENEFITS AS DESCRIBED IN IRC SEC. 457(F). NO INDIVIDUALS RECEIVED A PAYMENT DURING CALENDAR YEAR 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • THE ASME FOUNDATION INC

    $1,850,185

    MISSION-DRIVEN PROGRAMS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • THE ASME FOUNDATION INC

    501(C)(3) · FUNDRAISING AND GRANTS · NY · controlled entity

    Directly controlled by THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS

  • ASME FOUNDATION INDIA

    INDIA SECTION 8 COMP · ADVANCING FIELD OF ENGINEERING · IN · controlled entity

    Directly controlled by THE ASME FOUNDATION INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ASME INNOVATIVE TECHNOLOGIES INSTITUTE LLC

    CODE DEVELOPMENT · NY · income $0 · assets $275,398

    Directly controlled by THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS

  • ASME STANDARDS TECHNOLOGY LLC

    CODE DEVELOPMENT · NY · income $104,922 · assets $544,621

    Directly controlled by THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS

  • ASME ASIA PACIFIC LLC

    TRAINING · DE · income $324,021 · assets $133,321

    Directly controlled by THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS

  • ASME ENGINEERING FOR CHANGE LLC

    TRAINING · NY · income $470,031 · assets $448,613

    Directly controlled by THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS

  • ASME PERSONNEL CERTIFICATIONS LLC

    TRAINING · NY · income $0 · assets $5,212

    Directly controlled by THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS

  • ASME EAST ASIA HOLDINGS LLC

    TRAINING · NY · income $0 · assets $0

    Directly controlled by THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS

  • ENGINEERING SOCIETIES OF AMERICA

    ENGINEERING SOCIETY · NY · income $0 · assets $0

    Directly controlled by THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS

  • ISIE HOLDINGS III LLC

    EMPLOYEE BENEFIT HOLDING · DE · income $0 · assets $0

    Directly controlled by THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • TWINIFY TECHNOLOGIES LLC

    DIGITAL TWINNING · DE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ASME INDIA PRIVATE LTD

    C · MARKETING · IN · 100% owned · share of income $886,493 · share of assets $702,648 · controlled entity

    Directly controlled by THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS

  • ASME VENTURES LLC FKA METRIX CONNECT LLC

    C · INDUSTRY EVENTS · DE · 100% owned · controlled entity

    Directly controlled by THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS

  • ISIE HOLDINGS II LLC

    C · HOLDING COMPANY · DE · 100% owned · controlled entity

    Directly controlled by THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349310405

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