Asm Materials Education Foundation
- Assets
- $15.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Materials Park, OH
- Founding
- 04/1954
- Data as of
- 12/2022
- EIN
- 34-6541397
Organization Overview
Asm Materials Education Foundation is located in Materials Park, OH. The organization was established in 1954. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asm Materials Education Foundation 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 Materials Education Foundation generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE ADVANCEMENT OF SCIENTIFIC AND ENGINEERING KNOWLEDGE THROUGH EDUCATION, LEADERSHIP TRAINING GRANTS, GRANTS TO ENABLE K-12 TEACHERS TO BRING MATERIALS INTO CLASSROOMS, GRANTS TO ASM STUDENT CHAPTERS, AND ANNUAL RECOGNITION AWARDS TO HIGH SCHOOL TEACHERS. THE SIGNATURE PROGRAM IS ASM MATERIALS CAMP. THIS EDUCATIONAL OUTREACH PROGRAM HAS SERVED OVER 2,000 HIGH SCHOOL STUDENTS AND ALMOST 1,000 HIGH SCHOOL SCIENCE TEACHERS. THE PROGRAM TYPICALLY INVOLVES 40+ HOURS OF LAB-BASED,HANDS-ON INSTRUCTION, SCHEDULED OVER 5 DAYS. BOTH RESIDENTIAL ANDNON-RESIDENTIAL FORMATS ARE OFFERED. ALL PROGRAMS ARE PROVIDED AS APUBLIC SERVICE AT NO COST TO THE PARTICIPANT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS INCLUDE UNDERGRADUATE SCHOLARSHIPS, UNDERGRADUATE DESIGN COMPETITION, AND OTHER UNDERGRADUATE PROGRAMS, IN ADDITION TO K-12 PROGRAMS. THE ASM FOUNDATION'S SIGNATURE PROGRAM IS ASM MATERIALS CAMPS WHICH HAVE SERVED ALMOST 18,000 STUDENTS AND OVER 12,000 TEACHERS SINCE INCEPTION. THE PROGRAM INVOLVES 40+ HOURS OF HANDS-ON LAB INSTRUCTION OVER FIVE DAYS, BOTH IN RESIDENTIAL AND COMMUTER FORMATS. ALL TEACHERS PARTICIPATE AT NO COST TO THEM AND RECEIVE SUPPLIES TO TAKE BACK TO THEIR CLASSROOMS. THE GENERAL PUBLIC BENEFITS FROM AN INFORMED PUBLIC AND THE SCIENCE AND ENGINEERING FIELDS BENEFIT FROM AN INCREASED NUMBER OF YOUNG ADULTS CHOOSING THESE CAREER PATHS.
PROGRAMS INCLUDE UNDERGRADUATE SCHOLARSHIPS, UNDERGRADUATE DESIGN COMPETITION, AND OTHER UNDERGRADUATE PROGRAMS, IN ADDITION TO K-12 PROGRAMS. THE ASM FOUNDATION'S SIGNATURE PROGRAM IS ASM MATERIALS CAMPS WHICH HAVE SERVED ALMOST 18,000 STUDENTS AND OVER 12,000 TEACHERS SINCE INCEPTION. THE PROGRAM INVOLVES 40+ HOURS OF HANDS-ON LAB INSTRUCTION OVER FIVE DAYS, BOTH IN RESIDENTIAL AND COMMUTER FORMATS. ALL TEACHERS PARTICIPATE AT NO COST TO THEM AND RECEIVE SUPPLIES TO TAKE BACK TO THEIR CLASSROOMS. THE GENERAL PUBLIC BENEFITS FROM AN INFORMED PUBLIC AND THE SCIENCE AND ENGINEERING FIELDS BENEFIT FROM AN INCREASED NUMBER OF YOUNG ADULTS CHOOSING THESE CAREER PATHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Carrie L Wilson Secretary/executive Dir | OfficerTrustee | 40 | $116,828 |
Mr Andrew G Nydam Trustee | Trustee | 1 | $0 |
Mr William W Shropshire Trustee | Trustee | 1 | $0 |
Dr Winston Sobojeyo Trustee | Trustee | 1 | $0 |
Dr Kip O Findley Trustee | Trustee | 1 | $0 |
Mr Don Lewon Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,202,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,202,961 |
| Total Program Service Revenue | $0 |
| Investment income | $239,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$52,904 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,406,023 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $222,760 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $319,954 |
| Pension plan accruals and contributions | $70,309 |
| Other employee benefits | $0 |
| Payroll taxes | $3,593 |
| 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 | $58,815 |
| Fees for services: Other | $28,435 |
| Advertising and promotion | $14,636 |
| Office expenses | $10,163 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $172,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,302,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,621 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $811,759 |
| Accounts receivable, net | $37,414 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,208,683 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,054 |
| Total assets | $15,156,531 |
| Accounts payable and accrued expenses | $70,981 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $71,772 |
| Total liabilities | $142,753 |
| Net assets without donor restrictions | $10,945,948 |
| Net assets with donor restrictions | $4,067,830 |
| 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 | $15,156,531 |
Grants Awarded
Over the last fiscal year, Asm Materials Education Foundation has awarded $163,473 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS EDUCATIONAL INSTITUTIONS STEM PROGRAMS PURPOSE: VARIOUS GRANTS CONTRIBUTED TO STEM PROGRAMS AT THE COLLEGIATE, HIGH SCHOOL, MIDDLE SCHOOL AND ELEMENTARY SCHOOL LEVEL. | $163,473 |