American Society Of Naval Engineers
- Assets
- $2.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Alexandria, VA
- Founding
- 08/1947
- Data as of
- 06/2021
- EIN
- 53-0229465
Organization Overview
American Society Of Naval Engineers is located in Alexandria, VA. The organization was established in 1947. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 06/2021, American Society Of Naval Engineers employed 10 individuals. This organization is the central organization for a national or regional group of organizations. American Society Of Naval 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 06/2021, American Society Of Naval Engineers generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, American Society Of Naval Engineers has awarded 15 individual grants totaling $120,843. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING THE KNOWLEDGE AND PRACTICE OF NAVAL ENGINEERING, ENHANCING THE WELL-BEING OF MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS: HOLD NATIONAL AND REGIONAL TECHNICAL MEETINGS TO DISSEMINATE TECHNICAL AND EDUCATIONAL INFORMATION TO MEMBERS AND OTHERS INTERESTED IN NAVAL ENGINEERING.
MEMBER SERVICES: GATHER AND PUBLISH TECHNICAL PAPERS, MATERIALS ABOUT SOCIETY ACTIVITIES, TECHNICAL PAPERS AND MEETINGS IN NAVAL ENGINEERS JOURNAL FOR MEMBERS AND SUBSCRIBERS (ABOUT 5,000 PERSONS) AND PROVIDE INFORMATION AND SERVICES AS REQUESTED BY THE MEMBERSHIP.
OUTREACH AND AWARDS PROGRAMS: STUDENT AWARDS, SCHOLARSHIPS AND ENGINEERING AWARDS (20 PERSONS) TO ENCOURAGE AND SUPPORT THOSE INTERESTED IN NAVAL ENGINEERING.
OFFICE OF NAVAL RESEARCH (ONR) GRANT: FUTURE LEADERS IN EXPERIENCE-BASED ENGINEERING & TECHNOLOGY (FLEET).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Lumme Executive Director, Secret | OfficerTrustee | 50 | $194,905 |
Nancy Lackey Senior Director CFO | Officer | 40 | $81,110 |
Joseph Johnson Vice President | OfficerTrustee | 2 | $0 |
Mark Hugel President | OfficerTrustee | 10 | $0 |
Greg Sanford Vice President | OfficerTrustee | 2 | $0 |
Joseph Luckard Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $263,956 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $397,665 |
| Total Program Service Revenue | $566,478 |
| Investment income | $141,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $824 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,106,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,843 |
| Grants and other assistance to domestic individuals. | $58,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $312,374 |
| Compensation of current officers, directors, key employees. | $90,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $398,170 |
| Pension plan accruals and contributions | $2,230 |
| Other employee benefits | $59,603 |
| Payroll taxes | $52,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,439 |
| Fees for services: Accounting | $3,927 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,571 |
| Fees for services: Other | $33,045 |
| Advertising and promotion | $676 |
| Office expenses | $13,398 |
| Information technology | $67,229 |
| Royalties | $0 |
| Occupancy | $14,030 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,691 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,104 |
| Insurance | $17,041 |
| All other expenses | $0 |
| Total functional expenses | $1,387,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,231 |
| Savings and temporary cash investments | $164,475 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,928 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,494 |
| Prepaid expenses and deferred charges | $147,212 |
| Net Land, buildings, and equipment | $849,288 |
| Investments—publicly traded securities | $915,652 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,368,280 |
| Accounts payable and accrued expenses | $43,090 |
| Grants payable | $0 |
| Deferred revenue | $811,589 |
| 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 | $154,800 |
| Total liabilities | $1,009,479 |
| Net assets without donor restrictions | $1,358,801 |
| Net assets with donor restrictions | $0 |
| 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 | $2,368,280 |
Grants Awarded
Over the last fiscal year, American Society Of Naval Engineers has awarded $64,843 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: STUDENT SUPPORT | $10,500 |
UNIVERSITY OF MICHIGAN PURPOSE: STUDENT SUPPORT | $7,000 |
UNIVERSITY OF KENTUCKY PURPOSE: STUDENT SUPPORT | $7,000 |
Washington, DC PURPOSE: STUDENT SUPPORT | $7,000 |
NORTH CAROLINA A&T STATE UNIVERSITY PURPOSE: STUDENT SUPPORT | $7,000 |
UNIVERSTIY OF GEORGIA PURPOSE: STUDENT SUPPORT | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Society Of Naval Engineers has recieved totaling $16.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Engineering Consulting Services Ltd Employee Benefit Plan Chantilly, VA | $4,513,025 | $18,551,401 |
American Council Of Engineering Companies Inc Washington, DC | $16,696,063 | $15,870,569 |
Minorities Serving Institutions Science Technology Engineering And Washington, DC | $5,452,566 | $6,739,057 |
Korean-American Scientists And Engineers Association Inc Vienna, VA | $6,537,629 | $2,065,425 |
Construction Management Association Of America Inc Vienna, VA | $4,152,248 | $4,606,316 |
Memphis Construction Benefit Fund Goodlettsville, TN | $6,890,187 | $3,000,940 |
Cagc Foundation Inc Charlotte, NC | $1,104,041 | $1,397,403 |
American Society Of Naval Engineers Alexandria, VA | $2,368,280 | $1,106,089 |
Geoprofessional Business Association Rockville, MD | $1,266,896 | $1,461,071 |
American Council Of Engineering Companies Of North Carolina Raleigh, NC | $315,083 | $1,205,507 |
Engineers & Surveyors Institute Chantilly, VA | $2,267,310 | $1,117,979 |
International Union Of Operating Engineers Cordova, TN | $3,221,802 | $1,188,730 |