Form 990 for tax year 2023
Filed by ASM MATERIALS EDUCATION FOUNDATION.
Totals
- Total revenue
- $1,788,643
- Total expenses
- $1,603,466
- Contributions and grants received
- $1,158,793
- Grants paid
- $234,122
- Program service revenue
- $0
- Investment income
- $621,671
- Other revenue
- $8,179
- Total assets, end of year
- $16,564,535
- Total liabilities, end of year
- $205,074
- Net assets or fund balances, end of year
- $16,359,461
- Program services expenses (Part IX)
- $1,071,154
- Management and general expenses
- $244,034
- Fundraising expenses
- $288,278
- Program service expenses (Part III)
- $1,071,154
Program services were 66.8% 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.
-
1f · All other contributions, gifts and grants
$1,158,793
-
3 · Investment income
total $309,708 · excluded $309,708
-
7a · Gross sales of assets other than inventory
securities $10,359,914
-
7b · Less cost or other basis and sales expenses
securities $10,047,951
-
7c · Gain or loss
securities $311,963
-
7d · Net gain or loss
total $311,963 · excluded $311,963
-
11a · Other revenue: OTHER INCOME
total $8,179 · related or exempt $8,179
-
11e · Other revenue, total
$8,179
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $234,122 · program services $234,122
-
7 · Other salaries and wages
total $395,937 · program services $228,535 · management and general $77,953 · fundraising $89,449
-
8 · Pension plan contributions
total $83,781 · program services $48,550 · management and general $16,199 · fundraising $19,032
-
10 · Payroll taxes
total $966 · management and general $934 · fundraising $32
-
11f · Fees: investment management
total $53,590 · management and general $53,590
-
11g · Fees: other
total $28,841 · management and general $28,841
-
12 · Advertising and promotion
total $13,957 · program services $2,544 · management and general $3,049 · fundraising $8,364
-
13 · Office expenses
total $6,777 · program services $3,529 · management and general $2,391 · fundraising $857
-
17 · Travel
total $290,977 · program services $227,494 · management and general $13,256 · fundraising $50,227
-
24a · Other expenses: EVENTS AND CATERING
total $205,302 · program services $197,974 · management and general $1,540 · fundraising $5,788
-
24b · Other expenses: CONTRACTORS
total $155,829 · program services $22,956 · management and general $18,407 · fundraising $114,466
-
24c · Other expenses: COST OF SERVICES
total $106,891 · program services $105,450 · management and general $1,378 · fundraising $63
-
24d · Other expenses: BANK FEES
total $26,496 · management and general $26,496
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $88,621 · end of year $180,540
-
3 · Pledges and grants receivable
beginning of year $811,759 · end of year $723,535
-
4 · Accounts receivable
beginning of year $37,414
-
11 · Investments: publicly traded securities
beginning of year $14,208,683 · end of year $15,649,977
-
15 · Other assets
beginning of year $10,054 · end of year $10,483
-
17 · Accounts payable and accrued expenses
beginning of year $70,981 · end of year $70,059
-
25 · Other liabilities
beginning of year $71,772 · end of year $135,015
-
27 · Net assets without donor restrictions
beginning of year $10,945,948 · end of year $11,854,615
-
28 · Net assets with donor restrictions
beginning of year $4,067,830 · end of year $4,504,846
Mission and programs · 2023
Mission
CREATED IN 1952, THE ASM MATERIALS EDUCATION FOUNDATION MISSION IS TO DEVELOP AND DEPLOY MATERIALS SCIENCE CONTENT AND HANDS-ON, MINDS-ON INSTRUCTIONAL STRATEGIES TO INSPIRE, ENGAGE, AND EMPOWER FUTURE GENERATIONS TO CREATE STEM SOLUTIONS FOR 21ST CENTURY CHALLENGES. PROGRAMS AND SERVICES ARE PROVIDED FOR K-12 STUDENTS AND TEACHERS AS WELL AS UNDERGRADUATE STUDENTS.
Activities or mission (Part I)
TO PROVIDE FOR THE ADVANCEMENT OF SCIENTIFIC AND ENGINEERING KNOWLEDGE THROUGH EDUCATION, LEADERSHIP TRAINING GRANTS, GRANTS TO ENABLE K-12 TEACHERS TO BRING MATERIALS INTO CLASSROOMS, GRANTS TO ASM STUDENT CHAPTERS, AND ANNUAL RECOGNITION AWARDS TO HIGH SCHOOL TEACHERS. THE SIGNATURE PROGRAM IS ASM MATERIALS CAMP. THIS EDUCATIONAL OUTREACH PROGRAM HAS SERVED OVER 18,000 HIGH SCHOOL STUDENTS AND ALMOST 14,000 HIGH SCHOOL SCIENCE TEACHERS. THE PROGRAM TYPICALLY INVOLVES 40+ HOURS OF LAB-BASED, HANDS-ON INSTRUCTION, SCHEDULED OVER 5 DAYS. BOTH RESIDENTIAL AND NON-RESIDENTIAL FORMATS ARE OFFERED. ALL PROGRAMS ARE PROVIDED AS APUBLIC SERVICE AT NO COST TO THE PARTICIPANT.
-
PROGRAMS INCLUDE UNDERGRADUATE SCHOLARSHIPS, UNDERGRADUATE DESIGN COMPETITION, AND OTHER UNDERGRADUATE PROGRAMS, IN ADDITION TO K-12 PROGRAMS. THE ASM FOUNDATION'S SIGNATURE PROGRAM IS ASM MATERIALS CAMPS WHICH HAVE SERVED ALMOST 18,000 STUDENTS AND OVER 14,000 TEACHERS SINCE INCEPTION. THE PROGRAM INVOLVES 40+ HOURS OF HANDS-ON LAB INSTRUCTION OVER FIVE DAYS, BOTH IN RESIDENTIAL AND COMMUTER FORMATS. ALL TEACHERS PARTICIPATE AT NO COST TO THEM AND RECEIVE SUPPLIES TO TAKE BACK TO THEIR CLASSROOMS. THE GENERAL PUBLIC BENEFITS FROM AN INFORMED PUBLIC AND THE SCIENCE AND ENGINEERING FIELDS BENEFIT FROM AN INCREASED NUMBER OF YOUNG ADULTS CHOOSING THESE CAREER PATHS.
Expenses $1,071,154 · Grants $234,122 · Revenue $8,179
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ms Carrie L WilsonMS CARRIE L WILSON
SECRETARY/EXECUTIVE DIR
- Total calculated
- $170,173
- From this org
- $0
- From related orgs
- $128,626
- Other
- $41,547
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $128,626 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $15,748 related
- Nontaxable benefits
- $0 + $25,799 related
- Filer's total
- $0 + $170,173 related
-
Mr Andrew G NydamMR ANDREW G NYDAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr William W ShropshireMR WILLIAM W SHROPSHIRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Winston SobojeyoDR WINSTON SOBOJEYO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kip O FindleyDR KIP O FINDLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Don LewonMR DON LEWON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Prof Gregory B OlsonPROF GREGORY B OLSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Julio G MaldonadoDR JULIO G MALDONADO
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dr William E FrazierDR WILLIAM E FRAZIER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr John R KeoughMR JOHN R KEOUGH
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Prof Glenn S DaehnPROF GLENN S DAEHN
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mr James RitcheyMR JAMES RITCHEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Ms Carolyn L MerrittMS CAROLYN L MERRITT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Peggy E JonesDR PEGGY E JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Elizabeth M PerepezkoMS ELIZABETH M PEREPEZKO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Marc R FryMR MARC R FRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Daniel DenisMR DANIEL DENIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Pradeep GoyalMR PRADEEP GOYAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Kathy L HayrynenDR KATHY L HAYRYNEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Susanne LaudaMS SUSANNE LAUDA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Sandra RobertMS SANDRA ROBERT
TRUSTEE
- Total calculated
- $438,543
- From this org
- $0
- From related orgs
- $399,837
- Other
- $38,706
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $399,837 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $38,706 related
- Filer's total
- $0 + $438,543 related
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
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
No itemized grants to organizations on this return.
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.
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501(C)(3) · TO PROVIDE FOR THE ADVANCEMNT OF METALS & MATERIALS KNOWLEDGE · OH
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403099349300635
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