Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $130,947

• 1d · Related organizations

  $1,924,000

• 1f · All other contributions, gifts and grants

  $1,552,967

• 3 · Investment income

  total $1,083,666 · excluded $1,083,666

• 7a · Gross sales of assets other than inventory

  securities $4,384,115

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

  securities $3,006,340

• 7c · Gain or loss

  securities $1,377,775

• 7d · Net gain or loss

  total $1,377,775 · excluded $1,377,775

• 8a · Fundraising events: gross income

  $128,895

• 8a · Fundraising events: contributions included on line 1c

  $130,947

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $128,895 · excluded $128,895

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,337,787 · program services $1,337,787

• 2 · Grants to domestic individuals

  total $904,650 · program services $904,650

• 7 · Other salaries and wages

  total $1,941,976 · program services $1,941,976

• 11b · Fees: legal

  total $16,462 · management and general $16,462

• 11c · Fees: accounting

  total $27,000 · management and general $27,000

• 11f · Fees: investment management

  total $42,291 · management and general $42,291

• 11g · Fees: other

  total $129 · management and general $129

• 16 · Occupancy

  total $11,091 · management and general $11,091

• 17 · Travel

  total $61,224 · program services $43,402 · management and general $17,822

• 24a · Other expenses: CERTIFICATES, PLAQUES &

  total $108,666 · program services $108,666

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,366,549 · end of year $2,310,349

• 2 · Savings and temporary cash investments

  beginning of year $344

• 3 · Pledges and grants receivable

  beginning of year $1,014,298 · end of year $591,448

• 7 · Other notes and loans receivable

  beginning of year $8,115

• 8 · Inventories for sale or use

  beginning of year $262,432 · end of year $264,568

• 11 · Investments: publicly traded securities

  beginning of year $30,276,729 · end of year $34,133,761

• 13 · Investments: program-related

  end of year $455,657

• 17 · Accounts payable and accrued expenses

  beginning of year $1,571,738 · end of year $208,651

• 25 · Other liabilities

  beginning of year $1,597,439 · end of year $1,725,733

• 27 · Net assets without donor restrictions

  beginning of year $12,494,124 · end of year $12,969,408

• 28 · Net assets with donor restrictions

  beginning of year $20,265,166 · end of year $22,851,991

The filer's explanations (Part III)

PART I, LINE 3

THE ASME FOUNDATION, INC. DOES NOT PAY COMPENSATION. ALL COMPENSATION IS PAID BY THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS WITH GUIDANCE FROM A RELATED COMPENSATION COMMITTEE, INDEPENDENT CONSULTANT, COMPENSATION SURVEY AND/OR COMPENSATION COMMITTEE IN ORDER TO ESTABLISH THE COMPENSATION OF ITS ORGANIZATION. THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS USES A STUDY, FORM 990 OF OTHER ORGANIZATIONS AND AN APPROVAL BY THE BOARD OR CEO/EXECUTIVE DIRECTOR IN ORDER TO ESTABLISH THE COMPENSATION OF ITS OFFICERS.

PART I, LINE 4B

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 2023.

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

• METRIX CONNECT LLC

  C · INDUSTRY EVENTS · DE

• ISIE HOLDINGS II LLC

  C · HOLDING COMPANY · DE

• CHARITABLE REMAINDER TRUST (1)

  T · TRUST · NJ