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Nonprofit · EIN 13-3372934

THE ASME FOUNDATION INC

Tax-exempt · NEW YORK, NY 10016

Financials

$5.2M$3.8M2024
Revenue Expenses · by fiscal year end
Financials of THE ASME FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$5,191,568$3,780,722$1,410,846$42,189,017$2,325,201$39,863,816
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$3,793,897
of which government grants
$249,889
Program service revenue
$0
Investment income
$1,290,921
Net income from fundraising events
$106,750
Other revenue
$106,750

Expenses

Grants and similar amounts paid
$2,031,785
Other salaries and wages
$1,378,070
Salaries, compensation and benefits (total)
$1,378,070
Professional fundraising fees
$0
Legal fees
$8,800
Accounting fees
$29,299
Occupancy
$6,097
Travel
$174,313
Program services (functional)
$3,689,222
Management and general (functional)
$91,500

Balance sheet and other

Total assets, start of year
$37,755,783
Total assets, end of year
$42,189,017
Total liabilities, end of year
$2,325,201
Net assets, end of year
$39,863,816
Publicly traded securities
$38,328,935
Net assets without donor restrictions
$14,810,402
Net assets with donor restrictions
$25,053,414
Gross receipts
$5,191,568
Employees
0
Volunteers
75
Year formed
1986
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
THOMAS COSTABILEDIRECTOR, EX-OFFICIO
Trustee or director
2.5$0$1,546,335$542,431
THOMAS MEEHANTREASURER
Trustee or director, Officer
2.5$0$440,517$66,599
ANAND SETHUPATHYFORMER INTERIM EXECUTIVE DIRECTOR
Former
0$0$437,704$60,849
STEPHANIE VIOLAEXECUTIVE DIRECTOR
Trustee or director, Officer
2.5$0$339,315$51,593
GRETCHEN CRUTCHFIELDSECRETARY
Officer
2.5$0$137,891$23,841
SONYA SMITHCHAIR
Trustee or director, Officer
2$0$0$0
COLUMBIA MISHRADIRECTOR
Trustee or director
2$0$0$0
KAREN OHLANDDIRECTOR
Trustee or director
2$0$0$0
OSCAR BARTONDIRECTOR
Trustee or director
2$0$0$0

Address and contacts

Address (IRS master file)
TWO PARK AVENUE, NEW YORK, NY 10016-5675
In care of
% THOMAS MEEHAN
Principal officer (990 for 2024)
STEPHANIE VIOLA, TWO PARK AVENUE, NEW YORK, NY 100165675
Signed the 990
THOMAS MEEHAN, TREASURER
Phone
(212) 591-7000
Return prepared by
DELOITTE TAX LLP

Mission

THE ASME FOUNDATION, INC. THROUGH GENEROUS SUPPORT OF THE ENGINEERING COMMUNITY, FUNDS PROGRAMS IN K-12 STEM EDUCATION, STUDENT AND EARLY CAREER DEVELOPMENT, ENGINEERING FOR GLOBAL DEVELOPMENT, AND PUBLIC POLICY.

990 for the year ended June 30, 2025

Program accomplishments

  • SCHOLARSHIPS AND AWARDS: ASME IS COMMITED TO ENSURING THAT TOMORROW'S ENGINEERING LEADERS HAVE THE TALENT AND EDUCATION TO SOLVE THE UNIQUE CHALLENGES OF TOMORROW. BY AWARDING SCHOLARSHIPS TO THE BRIGHTEST, MOST PROMISING MECHANICAL ENGINEERING STUDENTS IN NEED, THE ASME FOUNDATION, INC. IS WORKING TOWARDS A FUTURE WHERE ENGINEERING CHANGEMAKERS CAN TRANSFORM THEIR COMMUNITIES THROUGH INNOVATION. IN FISCAL YEAR 2025 WE AWARDED OVER $457,900 TO 139 DESERVING STUDENTS.
    Expenses $1,199,444 · grants $717,067
  • FEDERAL FELLOWS AND GLOBAL DEVELOPMENT: AS PART OF A CONTINUED EFFORT TO HELP ENGINEERS PLAY CRITICAL ROLES AS ADVISORS, RESEARCHERS, AND TEACHERS, THE ASME FOUNDATION, INC. SUPPORTED 10 FELLOWSHIPS. INCLUDED ARE: GRADUATE TEACHING FELLOWS WHO ARE OUTSTANDING DOCTORAL CANDIDATES IN MECHANICAL ENGINEERING EDUCATION, AND FEDERAL FELLOWS WHO SERVED IN EXECUTIVE AND LEGISLATIVE BRANCHES OF THE FEDERAL GOVERNMENT AND ADVISE ON ENERGY, MANUFACTURING, INFRASTRUCTURE, AND TECHNOLOGY.
    Expenses $1,133,851 · grants $674,561
  • STEM: IN ORDER TO SPARK A PASSION FOR STEM IN YOUTH, PROVIDING STUDENTS WITH A DYNAMIC LOOK AT THE WORLD OF ENGINEERING INNOVATION IS A CRITICAL FIRST STEP TO A REWARDING, FULLFILLING CAREER IN THE FIELD. THE ASME FOUNDATION, INC. SUPPORTS INITIATIVES IN K-12 SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM); UNIVERSITY STUDENT & EARLY CAREER DEVELOPMENT; INCLUDING INSPIRE. INSPIRE IS A UNIQUE DIGITAL PLATFORM THAT UTILIZES DIGITAL TOOLS LIKE GAMING AND VIRTUAL SIMULATIONS TO TEACH CRITICAL, CAREER-FOCUSED TECHNOLOGY AND CODING SKILLS WHILE EXPOSING STUDENTS TO STEM OPPORTUNITIES THAT THEY MIGHT NEVER HAVE DREAMED WERE WITHIN THEIR REACH. DURING ITS ELEVENTH YEAR, THE ASME'S FOUNDATION'S K-12 PROGRAMS WERE AVAILABLE TO SCHOOLS IN ALL 50 STATES, REACHING A TOTAL OF 50,000 STUDENTS NATIONWIDE.
    Expenses $1,355,927 · grants $640,157

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
13-3372934
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
1986
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$42,189,017
Income (IRS master file)
$5,191,568

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024–––IRS
990June 2023$4,680,772$3,882,309$35,928,467IRS
990June 2022$6,696,684$2,717,248$32,698,395IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about THE ASME FOUNDATION INC

What is the EIN of THE ASME FOUNDATION INC?
The employer identification number (EIN) of THE ASME FOUNDATION INC is 13-3372934.
Is THE ASME FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to THE ASME FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does THE ASME FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE ASME FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE ASME FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of THE ASME FOUNDATION INC?
The 990 for the year ended June 30, 2025 names STEPHANIE VIOLA.
Who are the officers and directors of THE ASME FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does THE ASME FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $5,191,568, expenses of $3,780,722 and total assets of $42,189,017 at year end.

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