Overview
What is The American Society Of Mechanical Engineers?
The American Society of Mechanical Engineers (ASME) is a nonprofit organization headquartered at Two Park Avenue in New York City, New York. With a workforce of 457 employees, ASME is dedicated to conducting research on various mechanical engineering issues and hosting technical meetings and conferences. Their mission is to advance engineering for the betterment of humanity, and they achieve this by performing research and providing platforms for mechanical engineers to discuss and share knowledge on diverse engineering topics.
Official website here: www.asme.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The American Society Of Mechanical Engineers has achieved a strong Four-Star rating from Charity Navigator, reflecting its exceptional performance in accountability and finance. The organization's score is based entirely on its accountability practices, showcasing its commitment to transparency and responsible financial management.
The nonprofit has a fully independent board, with all 11 members meeting independence standards, which enhances its governance. It has implemented comprehensive policies such as conflict of interest and whistleblower protections, further demonstrating a commitment to ethical operations. Furthermore, the organization maintains a favorable financial health with a high program expense ratio of 70.75%, indicating that a large portion of its expenses directly supports its mission.
While the data highlights the organization's strong governance and financial practices, specific programmatic impact or community feedback is not detailed in the information available. Overall, The American Society Of Mechanical Engineers stands out in terms of accountability, making it a trusted entity for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The American Society Of Mechanical Engineers legitimate?
The American Society Of Mechanical Engineers is a legitimate nonprofit organization registered as a 501(c)(3) entity. The American Society Of Mechanical Engineers submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,140,439
Professional Fundraising Fees: $208,723
Other Salaries and Wages: $42,384,769
For more financial information, click here
Official website here: www.asme.org
What is the mission statement of The American Society Of Mechanical Engineers?
The American Society of Mechanical Engineers (ASME) is dedicated to advancing engineering for the betterment of humanity. Its mission is geared towards this goal, focusing on conducting research in mechanical engineering and organizing technical meetings and conferences. ASME's efforts encompass a wide range of topics and subjects within mechanical engineering, providing valuable resources and platforms for professionals in the field to expand their knowledge and expertise. By staying at the forefront of mechanical engineering innovation, ASME contributes significantly to the advancement of engineering and its applications to benefit society.
Official website here: www.asme.org
Who is the CEO of The American Society Of Mechanical Engineers?
Thomas Costabile is the CEO of The American Society Of Mechanical Engineers The CEO's salary of The American Society Of Mechanical Engineers is $1,059,774 and their total compensation is $1,179,732.
Official website here: www.asme.org
What is the revenue of The American Society Of Mechanical Engineers?
The American Society Of Mechanical Engineers's revenue in 2023 was $160,466,638.
Official website here: www.asme.org
Who are the executives of The American Society Of Mechanical Engineers and what are their salaries?
The average compensation at The American Society Of Mechanical Engineers during 2023 was $108,704. There are 428 employees and 6214 volunteers at The American Society Of Mechanical Engineers.
Here are 26 key members and their salaries (The American Society Of Mechanical Engineers's CEO's salary is $1,059,774 and their total compensation is $1,179,732):
- Compensation: $1,059,774
- Related: $0
- Other: $119,958
- Compensation: $748,639
- Related: $0
- Other: $19,027
- Compensation: $712,337
- Related: $0
- Other: $54,426
- Compensation: $726,097
- Related: $0
- Other: $22,292
- Compensation: $608,663
- Related: $0
- Other: $69,226
- Compensation: $481,650
- Related: $0
- Other: $21,425
- Compensation: $453,383
- Related: $0
- Other: $45,058
- Compensation: $438,963
- Related: $0
- Other: $57,179
- Compensation: $431,941
- Related: $0
- Other: $54,979
- Compensation: $450,112
- Related: $0
- Other: $31,830
- Compensation: $0
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Official website here: www.asme.org
Where can I find the form 990 for The American Society Of Mechanical Engineers?
The American Society Of Mechanical Engineers's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.asme.org
Learn more at the official website: www.asme.org
Mission Statement of The American Society Of Mechanical Engineers
The American Society of Mechanical Engineers (ASME) is a leading organization with a mission to advance engineering for the betterment of humanity. This esteemed society dedicates its efforts to conducting research on various mechanical engineering issues and hosting technical meetings and conferences for mechanical engineers. By doing so, ASME contributes significantly to the field of mechanical engineering, addressing a vast array of topics and subjects that drive innovation and progress. Through its research and events, ASME fosters a community of engineers and experts, enabling them to collaborate, learn, and exchange knowledge that ultimately benefits society as a whole.
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Impact
October, 2024
The American Society of Mechanical Engineers (ASME) plays a crucial role in advancing engineering knowledge and practices that benefit humanity. By organizing technical events and conferences, ASME provides a platform for mechanical engineers to share research, discuss innovative ideas, and address pressing engineering challenges. Their annual research on various mechanical engineering issues contributes to the development of best practices and standards within the profession. Through these efforts, ASME fosters collaboration and encourages ongoing education among engineers, enhancing the overall quality and impact of engineering on society. This commitment not only helps to cultivate a well-informed engineering community but also drives technological advancements that can solve real-world problems.
This information is meant to be a general summary of The American Society Of Mechanical Engineers. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,071,413
- Program Service Revenue: $54,806,212
- Gross Receipts: $212,748,383
Assets and Liabilities:
- Total Assets: $168,830,284
- Total Liabilities: $55,199,501
- Net Assets: $113,630,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENGINEERING OPERATIONS
Revenue
$34,747,892
TECHNICAL EVENTS & CON
Revenue
$9,273,315
LEARNING AND DEVELOPME
Revenue
$5,234,463
CONSTITUENT ENGAGEMENT
Revenue
$4,516,872
STANDARDS OPERATIONS
Revenue
$359,890
Organization Details
Founding Year
1880
Principal Officer
Thomas Costabile
Website
www.asme.orgNTEE Category
Code: U030 - Science research
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