Asm International
- Assets
- $35.6m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 103
- Location
- Materials Park, OH
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 34-0714532
Organization Overview
Asm International is located in Materials Park, OH. The organization was established in 2000. 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 12/2022, Asm International employed 103 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Asm International 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 12/2022, Asm International generated $7.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $13.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY IS DEDICATED TO SERVING THE MATIERALS SCIENCE AND ENGINEERING PROFESSION.
Describe the Organization's Program Activity:
TO PROVIDE FOR THE ADVANCEMENT AND DISSEMINATION OF SCIENTIFIC KNOWLEDGE, PARTICULARLY WITH RESPECT TO THE TECHNOLOGY OF METALS AND ENGINEERED MATERIALS FOR THE USE AND BENEFIT OF ITS MEMBERS AND PUBLIC AT LARGE.
THE ASM MATERIALS SOLUTIONS NETWORK IS A PROGRAM OPERATED BY ASM INTERNATIONAL TO HELP SOLVE MATERIALS TECHNOLOGY PROBLEMS AND IMPROVE MATERIALS PERFORMANCE FOR INDUSTRY, ACADEMIA AND GOVERNMENT CLIENTS BY PROVIDING ACCESS TO THE WORLD'S LARGEST MATERIALS SOLUTIONS AND RESOURCE NETWORK. THE NETWORK MAKES AVAILABLE THE FRAMEWORK, INFRASTRUCURE AND RESOURCS BY WHICH NETWORK MEMBERS CAN COLLABORATE AND ACCELERATE THE DEVELOPMENT AND DEVELOPMENT OF NEW LEADING-EDGE MATERIAL PROCESSES, PRODUCTS, SERVICES, EQUIPMENT AND SOFTWARE. SCALABLE, ON DEMAND, MATERIALS-CENTRIC RESEARCH AND DEVELOPMENT PROJECTS ARE EXECUTED FOR CLIENT MEMBERS THROUGH A COLLABORATIVE NETWORK ENVIRONMENT, MANAGED AND FULFILLED THROUGH THE VAST CAPABILITIES OF THE ASM INTERNATIONAL MEMBERSHIP BASE. THE NETWORK OFFERS ITS MEMBERS A DIRECT BENEFIT BY MAXIMIZING THIER COLLECTIVE CAPABILITIES AND FOCUSING THOSE CAPABILITIES TOWARD CONDUCTING MATERIALS FOCUSED APPLIED RESEARCH AND DEVELOPMENT PROJECTS TO ATTAIN TECHNOLOGY SOLUTIONS.
TO PROVIDE FOR THE ADVANCEMENT AND DISSEMINATION OF SCIENTIFIC KNOWLEDGE, PARTICULARLY WITH RESPECT TO THE TECHNOLOGY OF METALS AND ENGINEERED MATERIALS FOR THE USE AND BENEFIT OF ITS MEMBERS AND PUBLIC AT LARGE.
THE ASM MATERIALS SOLUTIONS NETWORK IS A PROGRAM OPERATED BY ASM INTERNATIONAL TO HELP SOLVE MATERIALS TECHNOLOGY PROBLEMS AND IMPROVE MATERIALS PERFORMANCE FOR INDUSTRY, ACADEMIA AND GOVERNMENT CLIENTS BY PROVIDING ACCESS TO THE WORLD'S LARGEST MATERIALS SOLUTIONS AND RESOURCE NETWORK. THE NETWORK MAKES AVAILABLE THE FRAMEWORK, INFRASTRUCURE AND RESOURCS BY WHICH NETWORK MEMBERS CAN COLLABORATE AND ACCELERATE THE DEVELOPMENT AND DEVELOPMENT OF NEW LEADING-EDGE MATERIAL PROCESSES, PRODUCTS, SERVICES, EQUIPMENT AND SOFTWARE. SCALABLE, ON DEMAND, MATERIALS-CENTRIC RESEARCH AND DEVELOPMENT PROJECTS ARE EXECUTED FOR CLIENT MEMBERS THROUGH A COLLABORATIVE NETWORK ENVIRONMENT, MANAGED AND FULFILLED THROUGH THE VAST CAPABILITIES OF THE ASM INTERNATIONAL MEMBERSHIP BASE. THE NETWORK OFFERS ITS MEMBERS A DIRECT BENEFIT BY MAXIMIZING THIER COLLECTIVE CAPABILITIES AND FOCUSING THOSE CAPABILITIES TOWARD CONDUCTING MATERIALS FOCUSED APPLIED RESEARCH AND DEVELOPMENT PROJECTS TO ATTAIN TECHNOLOGY SOLUTIONS.
LIFE-LONG LEARNING & EDUCATION HELP MATERIALS PROFESSIONALS REMAIN TECHNICALLY CURRENT, SO THEY CAN ADVANCE THEIR CAREERS AT ANY POINT IN THE PROFESSIONAL LIFE CYCLE AND CONTRIBUTE TO THE GROWTH AND SUSTAINABILITY OF THE MATERIALS COMMUNITY. MATERIALS EDUCATION IS PROVIDED THROUGH CLASSROOM & LAB COURSES, ONLINE COURSES, SELF-STUDY COURSES, AND OTHER BLENDED LEARNING OPTIONS.
LIFE-LONG LEARNING & EDUCATION HELP MATERIALS PROFESSIONALS REMAIN TECHNICALLY CURRENT, SO THEY CAN ADVANCE THEIR CAREERS AT ANY POINT IN THE PROFESSIONAL LIFE CYCLE AND CONTRIBUTE TO THE GROWTH AND SUSTAINABILITY OF THE MATERIALS COMMUNITY. MATERIALS EDUCATION IS PROVIDED THROUGH CLASSROOM & LAB COURSES, ONLINE COURSES, SELF-STUDY COURSES, AND OTHER BLENDED LEARNING OPTIONS.
CONFERENCES & EXPOSITIONS COVER THE LATEST TRENDS AND DEVELEOPMENT IN INDUSTRIES LIKE HEAT TREATING, THERMAL SPRAY, SHAPE MEMORY ALLOYS, AEROSPACE MATERIALS, AND MORE.
CONFERENCES & EXPOSITIONS COVER THE LATEST TRENDS AND DEVELEOPMENT IN INDUSTRIES LIKE HEAT TREATING, THERMAL SPRAY, SHAPE MEMORY ALLOYS, AEROSPACE MATERIALS, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Judith Todd Fasm Immediate Past President | Trustee | 1 | $0 |
Dr David Williams Fasm President | OfficerTrustee | 1 | $0 |
Mr John Kuli Jr Treasurer | OfficerTrustee | 1 | $0 |
Mr Burak Akyuz Trustee | Trustee | 1 | $0 |
Dr Elizabeth Hoffman Fasm Trustee | Trustee | 1 | $0 |
Dr Navin Manjooran Fasm Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tru Q Partners Llc Consulting | 12/30/22 | $237,900 |
Keystone Technology Consultants Consulting | 12/30/22 | $372,238 |
Bridgeway Resources Human Resources | 12/30/22 | $121,635 |
Tl Dudley Consulting Llc Consulting | 12/30/22 | $210,000 |
Chelsea Flower Garden Grounds Maintenance | 12/30/22 | $102,158 |
Tru Q Partners Llc Consulting | 12/30/22 | $237,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $634,927 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $224,960 |
| Noncash contributions included in lines 1a–1f | $224,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $859,887 |
| Total Program Service Revenue | $4,696,238 |
| Investment income | $429,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$512,078 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,934,026 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,418,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,269,129 |
| Compensation of current officers, directors, key employees. | $226,913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,980,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,397,630 |
| Payroll taxes | -$15,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,680 |
| Fees for services: Other | $490,213 |
| Advertising and promotion | $199,798 |
| Office expenses | $113,049 |
| Information technology | $641,896 |
| Royalties | $272,604 |
| Occupancy | $839,298 |
| Travel | $856,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,078,790 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $893,774 |
| Insurance | $182,204 |
| All other expenses | $250,984 |
| Total functional expenses | $13,535,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,006,515 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,304,105 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $161,544 |
| Prepaid expenses and deferred charges | $658,336 |
| Net Land, buildings, and equipment | $4,939,962 |
| Investments—publicly traded securities | $27,442,591 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,051 |
| Total assets | $35,556,104 |
| Accounts payable and accrued expenses | $1,500,242 |
| Grants payable | $0 |
| Deferred revenue | $414,585 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,906,358 |
| Total liabilities | $10,821,185 |
| Net assets without donor restrictions | $23,452,035 |
| Net assets with donor restrictions | $1,282,884 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,556,104 |