The Asme Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133372934 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is The Asme Foundation Inc?

The Asme Foundation Inc, situated in New York, NY, is a nonprofit organization dedicated to fostering future engineering leaders. They achieve this by granting scholarships to outstanding mechanical engineering students in need, thereby promoting diversity among tomorrow's innovators. With a focus on supporting and advancing the engineering field, the foundation funds and develops various programs. Their initiatives span across K-12 STEM education, student and early career development, engineering for global development, and public policy. In fiscal year 2022, they awarded over $433,840 to 132 deserving scholars.


Official website here: www.asmefoundation.org

Is The Asme Foundation Inc legitimate?

The Asme Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Asme Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $740,630

For more financial information, click here


Official website here: www.asmefoundation.org

What is the mission statement of The Asme Foundation Inc?

The Asme Foundation Inc's mission is centered around funding and developing programs that strengthen the engineering field. Through the generous support of the engineering community, the foundation focuses on various sectors such as K-12 STEM education, student and early career development, engineering for global development, and public policy. The organization is committed to nurturing future engineering leaders by providing scholarships to promising mechanical engineering students in need. In fiscal year 2022, over 433,840 was awarded to 132 deserving students.


Official website here: www.asmefoundation.org

Who is the CEO of The Asme Foundation Inc?

Stephanie Viola is the Principal Officer of The Asme Foundation Inc.


Official website here: www.asmefoundation.org

What is the revenue of The Asme Foundation Inc?

The Asme Foundation Inc's revenue in 2022 was $6,696,684.


Official website here: www.asmefoundation.org

Who are the executives of The Asme Foundation Inc and what are their salaries?

There 75 volunteers at The Asme Foundation Inc.


Here are 7 key members and their salaries:


Thomas Costabile (Director, Ex-Officio)
  • Compensation: $0
  • Related: $974,066
  • Other: $88,505
Frank C Adamek Pe (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert T Simmons Pe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rudolf E Landwaard Pe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Lobb (Executive Director)
  • Compensation: $0
  • Related: $371,121
  • Other: $30,877
Gretchen Crutchfield (Secretary)
  • Compensation: $0
  • Related: $102,202
  • Other: $23,029
Thomas J Meehan (Treasurer)
  • Compensation: $0
  • Related: $325,517
  • Other: $34,446


Official website here: www.asmefoundation.org

Where can I find the form 990 for The Asme Foundation Inc?

The Asme Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.asmefoundation.org

Learn more at the official website: www.asmefoundation.org

Mission Statement of The Asme Foundation Inc

The Asme Foundation Inc, a notable entity in the engineering community, is dedicated to funding and developing programs that significantly contribute to the field of engineering. Through the generous support of its donors, this organization focuses on various aspects of engineering, including K-12 STEM education, student and early career development, engineering for global development, and public policy.

By investing in these areas, The Asme Foundation Inc aims to foster a future where engineering leaders are not only abundant but also diverse, reflecting the communities they impact through innovation. To achieve this, the foundation awards scholarships to promising mechanical engineering students in need, totaling over 433,840 dollars in fiscal year 2022, benefiting 132 deserving students. This commitment to supporting the next generation of engineering changemakers is a testament to The Asme Foundation Inc's mission to advance the field of engineering by nurturing talent and education.

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Impact




October, 2024

The Asme Foundation Inc plays a pivotal role in shaping the future of engineering by funding and developing programs that enhance education and innovation in the field. Through the provision of scholarships, the foundation ensures that the next generation of engineering leaders is well-equipped to tackle the unique challenges they will face. In fiscal year 2022 alone, the foundation awarded over $433,840 in scholarships to 132 deserving mechanical engineering students, thereby fostering a diverse pool of talent.

In addition to scholarships, The Asme Foundation invests in K-12 STEM education, promoting early interest in engineering among youth. It emphasizes student and early career development, providing essential support for aspiring engineers as they embark on their professional journeys. The foundation also participates in initiatives related to engineering for global development and public policy, further broadening its impact on the engineering community.

Through these multifaceted efforts, The Asme Foundation Inc contributes significantly to creating an inclusive and innovative engineering landscape that not only meets the demands of today but also prepares for the challenges of tomorrow.




This information is meant to be a general summary of The Asme Foundation Inc. 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.

Revenue
$6,696,684 (2022)
Expenses
$2,717,248 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,247,348
  • Gross Receipts: $9,446,695

Assets and Liabilities:

  • Total Assets: $32,698,395
  • Total Liabilities: $2,744,594
  • Net Assets: $29,953,801

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Organization Details

Founding Year

1986

Principal Officer

Stephanie Viola

Main Address

TWO PARK AVENUE, NEW YORK, NY, 100165675

NTEE Category

Code: U40 - Science research

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