American Society Of Mechanical Engineers

Organization Overview

American Society Of Mechanical Engineers is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 06/2021, American Society Of Mechanical Engineers employed 430 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society Of Mechanical Engineers is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2020, American Society Of Mechanical Engineers generated $102.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $108.1m during the year ending 06/2020. While expenses have increased by 1.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE ENGINEERING FOR THE BENEFIT OF HUMANITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CODES & STANDARDS- ASME ESTABLISHES AND PUBLISHES PUBLIC SAFETY RELATED INDUSTRIAL AND MANUFACTURING CODES AND STANDARDS FOR THE DESIGN, MANUFACTURE, AND INSTALLATION OF MECHANICAL DEVICES. THE PRINCIPAL PRODUCT AFFECTING REVENUE AND EXPENSES IS THE SOCIETY'S BOILER AND PRESSURE VESSEL CODE (THE BOILER CODE).


TECHNICAL EVENTS & CONTENT AND INSTITUTES- ASME ANNUALLY PERFORMS RESEARCH ON TECHNICAL MECHANICAL ENGINEERING ISSUES AND HOLDS TECHNICAL MEETINGS AND CONFERENCES FOR MECHANICAL ENGINEERS ON A VARITY OF MECHANICAL ENGINEERING TOPICS AND SUBJECTS.


CONFORMITY ASSESSMENT- ASME HOSTS PROGRAMS UNDER WHICH A COMPANY OR AN INDIVIDUAL IS ASSESSED AND CERTIFIED BASED ON DEMONSTRATED ABILITY TO MEET THE REQUIREMENTS OF AN ASME STANDARD. THESE CONFORMITY ASSESSMENTS CONTINUE TO PROVIDE A SERVICE VITAL TO THE ENHANCEMENT OF PUBLIC SAFETY AND FACILITATION OF INTERNATIONAL COMMERCE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Prennial Resources International
Employment
$465,913
Acknowledge Digital Marketing Llc
Marketing
$978,610
Catalyst Sale Llc
Consulting
$376,505
Wilmerhale
Legal Services
$250,011
Patterson Belknap Webb & Tyler
Legal Services
$729,806
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$389,330
Investment income $2,395,531
Tax Exempt Bond Proceeds $0
Royalties $30,850,925
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,912,196
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $22,435,096
Miscellaneous Revenue$0
Total Revenue $102,366,286

Grants Recieved

Over the last fiscal year, we have identified 3 grants that American Society Of Mechanical Engineers has recieved totaling $94,235.

Awarding OrganizationAmount
American Automatic Control Council

Seattle, WA

PURPOSE: TO PROMOTE EDUCATION AND COOPERATION IN THE AUTOMATIC CONTROL PROFESSION.

$56,702
The Bessemer Giving Fund

Woodbridge, NJ

PURPOSE: GENERAL SUPPORT

$37,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$33
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$427,775
Earnings$57,065
Other Expense$20,264
Ending Balance$464,576

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