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 7 years, the organization has seen revenues fall by an average of (7.6%) 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 (8.4%) per year over the past 7 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
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.
OFFICE OF NAVAL RESEARCH (ONR) GRANT: FUTURE LEADERS IN EXPERIENCE-BASED ENGINEERING & TECHNOLOGY (FLEET).
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Lumme Executive Director, Secret | OfficerTrustee | 50 | $194,905 |
Mark Hugel President | OfficerTrustee | 10 | $0 |
Joseph Johnson Vice President | OfficerTrustee | 2 | $0 |
Joseph Luckard Vice President | OfficerTrustee | 2 | $0 |
Greg Sanford Vice President | OfficerTrustee | 2 | $0 |
Gregg Baumann National Council | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $397,665 |
| 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 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 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 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,358,801 |
Grants Awarded
Over the last fiscal year, American Society Of Naval Engineers has awarded $64,843 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WASHINGTON FOUNDATION PURPOSE: STUDENT SUPPORT | $10,500 |
UNIVERSITY OF KENTUCKY PURPOSE: STUDENT SUPPORT | $7,000 |
UNIVERSTIY OF GEORGIA PURPOSE: STUDENT SUPPORT | $7,000 |
OLD DOMINION UNIVERSITY PURPOSE: STUDENT SUPPORT | $7,000 |
NORTH CAROLINA A&T STATE UNIVERSITY PURPOSE: STUDENT SUPPORT | $7,000 |
UNIVERSITY OF MICHIGAN PURPOSE: STUDENT SUPPORT | $7,000 |