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The Asme Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Science and Technology Research Institutes, Services / Engineering and Technology Research, Services (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$4.68M (2023)

Expenses
$3.88M (2023)

Total Assets
$35.9M (2023)

Total Liabilities
$3.17M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,680,772
Expenses
$3,882,309
Net Income
$798,463
Net Assets
$32,759,290
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,655,294
78.1%
Program Services $0
Investment Income $966,303
20.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $59,175
1.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,331,291
34.3%
Assets/Debt
Total Assets $35,928,467
Total Liabilities $3,169,177
Net Assets $32,759,290
Compensation
Key Employees and Officers Compensation Related Other
Thomas Costabile (Director,Ex Officio) $0 $1,059,774 $119,958
Kathleen Lobb (Former Exec. Director) $0 $407,433 $29,874
Anand Sethupathy (Former Interim Exec. Director) $0 $369,798 $34,743
Thomas J Meehan (Treasurer) $0 $346,593 $37,552
Stephanie Viola (Executive Director) $0 $203,462 $52,488
Gretchen Crutchfield (Secretary) $0 $107,325 $18,135
Oscar Barton (Chair) $0 $0 $0
Sonya Smith (Director) $0 $0 $0
Frank Adamek (Past Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,696,684
Expenses
$2,717,248
Net Income
$3,979,436
Net Assets
$29,953,801
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,449,336
66.4%
Program Services $0
Investment Income $1,191,951
17.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,055,397
15.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $740,630
27.3%
Assets/Debt
Total Assets $32,698,395
Total Liabilities $2,744,594
Net Assets $29,953,801
Compensation
Key Employees and Officers Compensation Related Other
Thomas Costabile (Director, Ex Officio) $0 $974,066 $88,505
Frank C Adamek Pe (Chair) $0 $0 $0
Robert T Simmons Pe (Director) $0 $0 $0
Rudolf E Landwaard Pe (Director) $0 $0 $0
Kathleen Lobb (Executive Director) $0 $371,121 $30,877
Gretchen Crutchfield (Secretary) $0 $102,202 $23,029
Thomas J Meehan (Treasurer) $0 $325,517 $34,446

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,028,197
Expenses
$2,092,793
Net Income
$935,404
Net Assets
$32,215,872
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,447,668
80.8%
Program Services $0
Investment Income $527,223
17.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $53,306
1.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $108,378
5.2%
Assets/Debt
Total Assets $33,818,246
Total Liabilities $1,602,374
Net Assets $32,215,872
Compensation
Key Employees and Officers Compensation Related Other
Thomas Costabile (Director, Ex Officio) $0 $905,601 $86,613
Frank Adamek (Chair) $0 $0 $0
Robert Simmons (Director) $0 $0 $0
Rudolf Landwaard (Director) $0 $0 $0
Kathleen Lobb (Executive Director) $0 $315,998 $16,134
Thomas Meehan (Treasurer) $0 $280,489 $17,593
Gretchen Crutchfield (Secretary) $0 $95,652 $17,255

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,897,480
Expenses
$1,596,002
Net Income
$301,478
Net Assets
$25,644,685
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,164,107
61.4%
Program Services $0
Investment Income $615,676
32.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $117,697
6.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $620,150
38.9%
Assets/Debt
Total Assets $26,496,154
Total Liabilities $851,469
Net Assets $25,644,685
Compensation
Key Employees and Officers Compensation Related Other
Frank Adamek (Chair) $0 $0 $0
Kenneth R Balkey (Director) $0 $0 $0
Rudolf Landwaard (Director) $0 $0 $0
Robert Simmons (Director) $0 $0 $0
Thomas Costabile (Director Ex Officio) $0 $859,633 $85,170
Thomas Meehan (Treasury) $0 $265,390 $30,939
Kathleen Lobb (Executive Director) $0 $285,417 $26,021
Gretchen Crutchfield (Secretary) $0 $89,618 $7,977

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,044,921
Expenses
$2,654,667
Net Income
$390,254
Net Assets
$25,856,024
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,449,582
80.4%
Program Services $0
Investment Income $547,165
18.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $48,174
1.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $95,000
3.6%
Other Salaries and Wages $678,996
25.6%
Assets/Debt
Total Assets $26,225,168
Total Liabilities $369,144
Net Assets $25,856,024
Compensation
Key Employees and Officers Compensation Related Other
Tom D Pestorius (Chair) $0 $0 $0
Justin R Young (Vice Chair) $0 $0 $0
Frank Adamek (Director) $0 $0 $0
Kenneth R Balkey (Director) $0 $0 $0
Jennifer Jewers Bowlin (Director) $0 $0 $0
Rudolf Landwaard (Director) $0 $0 $0
Keith Roe (Director) $0 $0 $0
Terry Shoup (Director) $0 $0 $0
Robert Simmons (Director) $0 $0 $0
Thomas Costabile (Director Ex Officio) $0 $341,175 $35,916
Said Jahanmir (Director Ex Officio) $0 $0 $0
Thomas Meehan (Treasurer) $0 $218,676 $28,636
Kathleen Lobb (Executive Director) $0 $13,000 $520
Anand Sethupathy (Interim Executive Director) $0 $179,756 $17,498
William Garofalo (Assistant Treasurer) $0 $387,800 $21,276
Gretchen Crutchfield (Secretary) $0 $86,004 $39,125

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,441,199
Expenses
$2,607,474
Net Income
$2,833,725
Net Assets
$24,949,438
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,800,976
88.2%
Program Services $0
Investment Income $499,277
9.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $140,946
2.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $198,813
7.6%
Other Salaries and Wages $434,764
16.7%
Assets/Debt
Total Assets $25,335,656
Total Liabilities $386,218
Net Assets $24,949,438
Compensation
Key Employees and Officers Compensation Related Other
Frank Adamek (Director) $0 $0 $0
Kenneth R Balkey (Director) $0 $0 $0
Jennifer R Jewers Bowlin (Director) $0 $0 $0
Lynden F Davis (Vice Chair) $0 $0 $0
Rudolf E Landwaard (Director) $0 $0 $0
Tom D Pestorius (Chairman) $0 $0 $0
Robert T Simmons (Director (As Of 2/2018)) $0 $0 $0
Susan H Skemp (Director) $0 $0 $0
Charla Wise (Dir, Ex Officio (As Of 7/2017)) $0 $0 $0
Justin R Young (Director (As Of 10/2017)) $0 $0 $0
Thomas G Loughlin (Dir., Ex Officio (End 11/2017)) $0 $2,082,465 $109,449
K Keith Roe (Director (As Of 6/2018)) $0 $0 $0
Thomas Costabile (Dir.,Ex Officio (As Of 6/2018)) $0 $0 $0
Thomas Meehan (Treasurer) $0 $210,845 $24,396
Gretchen Crutchfield (Secretary) $0 $84,914 $31,514
William Garofalo (Assistant Treasurer) $0 $365,794 $19,540
Paul Scott (Interim Executive Director) $0 $215,572 $24,431
Anand Sethupathy (Executive Dir. (As Of 3/2018)) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,209,263
Expenses
$2,535,088
Net Income
-$325,825
Net Assets
$21,046,020
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,490,317
67.5%
Program Services $0
Investment Income $455,130
20.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $263,816
11.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $224,546
8.9%
Other Salaries and Wages $221,836
8.8%
Assets/Debt
Total Assets $21,820,700
Total Liabilities $774,680
Net Assets $21,046,020
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Adamek (Director) $0 $0 $0
Harry Armen (Director) $0 $0 $0
Kenneth R Balkey (Director) $0 $0 $0
K Keith Roe (Dir., Ex Officio As Of 7/1/16) $0 $0 $0
Jennifer Jewers Bowlin (Director) $0 $0 $0
Lynden F Davis Pe (Vice Chairman) $0 $0 $0
Rudolf Landwaard (Director) $0 $0 $0
Thomas G Loughlin (Director, Ex Officio) $0 $690,052 $201,142
Loretta C Mchugh (Director) $0 $0 $0
Tom Pestorius (Chairman) $0 $0 $0
Susan H Skemp (Director) $0 $0 $0
Deanna Bell (Trustee Thru 09/2016) $0 $0 $0
Gretchen Crutchfield (Secretary) $0 $81,906 $31,549
William Garofalo (Assistant Treasurer) $0 $384,658 $15,126
Thomas Meehan (Treasurer) $0 $215,489 $22,250
Noha El Ghobashy (Managing Director) $0 $333,014 $62,002
Paul Scott (Executive Director Beg 02/2017) $0 $158,907 $19,773

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,131,257
Expenses
$2,746,305
Net Income
-$615,048
Net Assets
$20,011,756
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,410,745
66.2%
Program Services $0
Investment Income $420,131
19.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $300,381
14.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $303,840
11.1%
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,045,866
Total Liabilities $1,034,110
Net Assets $20,011,756
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Adamek (Director) $0 $0 $0
Harry Armen (Director) $0 $0 $0
Kenneth R Balkey (Director) $0 $0 $0
Deanne Bell (Director) $0 $0 $0
Jennifer Jewers Bowlin (Director) $0 $0 $0
Lynden F Davis (Vice Chairman) $0 $0 $0
Rudolf Landwaard (Director) $0 $0 $0
Thomas Loughlin (Director, Ex Officio) $0 $632,821 $445,135
Loretta C Mchugh (Director) $0 $0 $0
Tom Pestorius (Director) $0 $0 $0
Susan H Skemp (Chairman) $0 $0 $0
Gretchen Crutchfield (Secretary) $0 $77,947 $27,099
Noha El Ghobashy (Executive Director) $0 $224,870 $70,660
William Garofalo (Assistant Treasurer) $0 $346,451 $15,430
Thomas Meehan (Treasurer) $0 $200,645 $16,319
Matthew Schatzle (Former Executive Director) $0 $122,055 $2,080

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,228,915
Expenses
$3,566,395
Net Income
$662,520
Net Assets
$21,611,602
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,190,642
51.8%
Program Services $0
Investment Income $513,180
12.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,525,093
36.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $235,744
6.6%
Other Salaries and Wages $0
Assets/Debt
Total Assets $22,836,620
Total Liabilities $1,225,018
Net Assets $21,611,602
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Adamek (Director) $0 $0 $0
Harry Armen (Director) $0 $0 $0
Kenneth R Balkey (Director) $0 $0 $0
Deanne Bell (Director) $0 $0 $0
Jennifer Jewers Bowlin (Director) $0 $0 $0
Lynden F Davis (Vice Chairman) $0 $0 $0
Rudolf Landwaard (Director) $0 $0 $0
Thomas Loughlin (Director, Ex Officio) $0 $653,468 $313,511
Loretta C Mchugh (Director) $0 $0 $0
Tom Pestorius (Director) $0 $0 $0
J Robert Sims (Director) $0 $0 $0
Susan H Skemp (Chairman) $0 $0 $0
Gretchen Crutchfield (Secretary) $0 $73,876 $24,898
Noha El Ghobashy (Executive Director) $0 $207,436 $45,789
William Garofalo (Assistant Treasurer) $0 $294,511 $15,913
Thomas Meehan (Treasurer) $0 $182,593 $15,898
Matthew Schatzle (Executive Director) $0 $178,208 $26,062
David Webber (Treasurer) $0 $136,626 $29,510

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,124,331
Expenses
$3,516,104
Net Income
-$1,391,773
Net Assets
$23,681,558
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,024,260
48.2%
Program Services $0
Investment Income $571,247
26.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $528,824
24.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $186,582
5.3%
Other Salaries and Wages $0
Assets/Debt
Total Assets $26,543,146
Total Liabilities $2,861,588
Net Assets $23,681,558
Compensation
Key Employees and Officers Compensation Related Other
David Webber (Treasurer) $0 $152,005 $28,412
Harry Armen (Director) $0 $0 $0
James Coaker (Director) $0 $0 $0
John G Voeller (Director) $0 $0 $0
Loretta C Mchugh (Director) $0 $0 $0
Lyden F Davis Pe (Vice Chairman) $0 $0 $0
Susan H Skemp (Chairman) $0 $0 $0
Thomas Loughlin (Director, Ex Officio) $0 $622,215 $268,200
Frank Adamek (Director) $0 $0 $0
Madiha Kotb (Director, Ex Officio) $0 $0 $0
Tom Pestorius (Director) $0 $0 $0
William Garofalo (Assistant Treasurer) $0 $285,960 $15,060
Dora Nagy (Secretary) $0 $54,240 $10,064
Matthew Schatzle (Executive Director) $0 $199,916 $28,777

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,202,978
Expenses
$2,760,200
Net Income
-$557,222
Net Assets
$22,362,862
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,044,829
47.4%
Program Services $0
Investment Income $629,020
28.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $529,129
24.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $194,322
7.0%
Other Salaries and Wages $0
Assets/Debt
Total Assets $22,834,389
Total Liabilities $471,527
Net Assets $22,362,862

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,611,679
Expenses
$2,490,848
Net Income
-$879,169
Net Assets
$21,987,995
Notable Sources of Revenue Percent of Total Revenue
Contributions $605,672
37.6%
Program Services $0
Investment Income $650,701
40.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $355,306
22.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $247,715
9.9%
Other Salaries and Wages $0
Assets/Debt
Total Assets $22,469,751
Total Liabilities $481,756
Net Assets $21,987,995

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,320,875
Expenses
$801,949
Net Income
$518,926
Net Assets
$23,429,321
Notable Sources of Revenue Percent of Total Revenue
Contributions $385,683
29.2%
Program Services $0
Investment Income $565,674
42.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $369,518
28.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $23,782,816
Total Liabilities $353,495
Net Assets $23,429,321

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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