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PART X LINE 2 THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND WOULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIBILITIES USING A THRESHOLD OF MORE LIKELY THAN NOT. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL INCOME TAX LIABILITIES THAT NEED TO BE RECORDED AT JUNE 30, 2015 OR 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOREIGN SUBSIDIARY REVENUE $301,854 PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE RECLASS $(52,781) RECLASS OF COGS $(19,384,476) ------------- TOTAL $(19,437,257) PART XII LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE RECLASS $52,781 RECLASS OF COGS $19,384,476 FOREIGN SUBSIDIARY EXPENSES $260,119 ------------ TOTAL $19,697,376 true East Asia and the Pacific 1 3 Program Services See Part V 500273 Europe (Including Iceland and Greenland) 1 5 Program Services See Part V 417893 South Asia 1 3 Program Services See Part V 301854 3 11 3 11 1220020 1220020 false false true false false false PART I, LINE 3, COLUMN (E) REGION : EAST ASIA AND THE PACIFIC (E) SPECIFIC TYPES OF SERVICES IN REGION: ASME, THROUGH WHOLLY OWNED ASME PACIFIC LLC, PROMOTES UNDERSTANDING AND THE USE OF CODES AND STANDARDS PROGRAMS IN THE ASIA/PACIFIC MARKETS, SERVING AS AN INQUIRY POINT FOR INFORMATION REGARDING ASME EDUCATIONAL COURSES AND SEMINARS, AND FACILITATING NEW MEMBER RECRUITMENT AND CONFERENCE DEVELOPMENT. 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X X X true true X X X X X false true false false false false false true false JOHN DELLI VENNERI ASSISTANT SECRETARY 270738 0 57146 0 2688 0 15046 0 33311 0 378929 0 0 0 JUNE LING DEPUTY EXECUTIVE DIRECTOR 309359 0 81016 0 29033 0 162881 0 16903 0 599192 0 0 0 THOMAS G LOUGHLIN EXECUTIVE DIRECTOR 500929 0 136350 0 16189 0 283331 0 30180 0 966979 0 0 0 WILLIAM GAROFALO ASSISTANT TREASURER 226821 0 49390 0 18300 0 12343 0 3570 0 310424 0 0 0 LAUREL RASO MANAGING DIRECTOR 258219 0 54290 0 2542 0 172345 0 29652 0 517048 0 0 0 MICHAEL MERKER MANAGING DIRECTOR 239807 0 52245 0 25035 0 133386 0 2560 0 453033 0 0 0 ROY ARBEIT MANAGING DIRECTOR 241260 0 51111 0 3631 0 15236 0 25896 0 337134 0 0 0 WILLIAM BERGER MANAGING DIRECTOR 232993 0 38684 0 2190 0 115543 0 12991 0 402401 0 0 0 MARK SHEEHAN MANAGING DIRECTOR 232861 0 38684 0 2190 0 128125 0 12145 0 414005 0 0 0 MICHAEL IRELAND MANAGING DIRECTOR 223150 0 36140 0 1146 0 67370 0 25736 0 353542 0 0 0 PHILIP DIVIETRO MANAGING DIRECTOR 210144 0 35746 0 7284 0 135992 0 26742 0 415908 0 0 0 PETER HESS MANAGING DIRECTOR 209079 0 31137 0 2960 0 12692 0 2469 0 258337 0 0 0 REESE MEISINGER MANAGING DIRECTOR 209865 0 37125 0 23055 0 95952 0 0 0 365997 0 0 SCH J, Part I, Line 1A ASME'S PAST PRESIDENT RECEIVED A TRAVEL BENEFIT FOR HIS SPOUSE. THIS BENEFIT WAS TAXABLE TO THE RECIPIENT. THE RECIPIENT WAS TAX INDEMNIFIED FOR THIS BENEFIT. ASME PAID FOR THE SOCIAL CLUB DUES FOR ITS EXECUTIVE DIRECTOR. THIS BENEFIT WAS TAXABLE TO THE RECIPIENT. THE RECIPIENT WAS TAX INDEMNIFIED FOR THIS BENEFIT. ASME PAID FOR THE SOCIAL CLUB DUES FOR ITS ASSISTANT SECRETARY. THIS BENEFIT WAS NOT TAXABLE TO THE RECIPIENT. SCH J, PART I, Line 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DURING 2014: THOMAS G. LOUGHLIN $176,993 JUNE LING $39,543 SCH J, PART I, LINE 7 THE FOLLOWING INDIVIDUALS RECEIVED DISCRETIONARY, NON-FIXED PAYMENTS THAT ARE REPORTED IN SCHEDULE J, PART II, COLUMN B(II): JOHN DELLI VENNERI $57,146 JUNE LING $81,016 THOMAS G. LOUGHLIN $136,350 WILLIAM GAROFALO $49,390 LAUREL RASO $54,290 MICHAEL MERKER $52,245 ROY ARBEIT $51,111 WILLIAM BERGER $38,684 MARK SHEEHAN $38,684 MICHAEL IRELAND $36,140 PHILIP DIVIETRO $35,746 PETER HESS $31,137 REESE MEISINGER $37,125 FORM 990, PART III LINE 4D OTHER PROGRAM SERVICES: CODES & STANDARDS - ESTABLISHES AND PUBLISHES PUBLIC SAFETY RELATED INDUSTRIAL AND MANUFACTURING CODES AND STANDARDS FOR THE DESIGN, MANUFACTURING, AND INSTALLATION OF MECHANICAL DEVICES. EXPENSES- $6,379,484. INCLUDING GRANTS OF $3,081. REVENUE $366,126. MEMBERSHIPS - Asme Offers Professional And Student Mechanical Engineering Society Memberships. In Exchange For Dues Payments, The Member Receives Several Membership Benefits Including But Not Limited To, Monthly Subscription To 'Mechanical Engineering' Magazine, Free Access To On-Line Reference Tools, Free Subscription To Daily E-Newsletter, And Discounts On Asme Publications, Continuing Education And Conference registrations. EXPENSES- $1,938,499. INCLUDING GRANTS OF $0. REVENUE $8,094,290. TRAINING & DEVELOPMENT- PROVIDES CONTINUING EDUCATION COURCES FOR ENGINEERING AND THE TECHNICAL WORKFORCE. EXPENSES- $7,145,532. INCLUDING GRANTS OF $0. REVENUE $7,096,832. OTHER CATEGORY- EXPENSES- $7,433,889. INCLUDING GRANTS OF $0. REVENUE $10,330,764. FORM 990, PART VI, SECTION A, LINE 6 ASME IS A MEMBERSHIP ORGANIZATION AND HAS NO STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A ASME'S MEMBERS ELECT MEMBERS OF THE ASME BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS BY THE GOVERNING BODY TO CHANGE THE ASME CONSTITUTION ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ASME FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, AND SUBMITTED TO UPPER MANAGEMENT FOR REVIEW. ALL REVIEW NOTES ARE CLEARED, AND CHANGES ARE MADE, AND THE DRAFT IS MADE AVAILABLE TO THE ASME BOARD OF GOVERNORS (BOG) ON THE BOG SECURE WEBSITE. AT THE END OF THE REVIEW PERIOD, THE FINAL DRAFT IS PROVIDED TO ALL BOG MEMBERS AND IS SUBMITTED TO ASME'S INDEPENDENT ACCOUNTING FIRM FOR ELECTRONIC FILING BY DUE DATE. FORM 990, PART VI, SECTION B, LINE 12C ASME has adopted a conflict of interest policy which applies to board members, officers, committee members and key employees of ASME. On an annual basis, individuals covered under the conflicts of interest policy are required to complete and sign a statement that he or she is in compliance with the policy. If a conflict is identified, the individual with such conflict is prohibited from participation in the deliberations and decisions in the transaction. The Audit Committee oversees the implementation of and compliance with the conflicts of interest policy. FORM 990, PART VI, SECTION B, LINES 15A THE PROCESS FOR DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR INCLUDES A REVIEW BY AN INDEPENDENT COMPENSATION CONSULTANT OF COMPARABILITY DATA, INCLUDING COMPENSATION SURVEYS AND FORM 990 DATA FROM SIMILAR ORGANIZATIONS. THIS DATA IS THEN PROVIDED TO THE EXECUTIVE DIRECTOR EVALUATION AND STAFF COMPENSATION COMMITTEE (EDESC), A COMMITTEE COMPRISED OF INDEPENDENT DIRECTORS, WHO EVALUATE THE DATA AND MAKE A SALARY RECOMMENDATION TO THE BOARD OF GOVERNORS. THE FINAL SALARY DECISION, BASED ON THE RECOMMENDATION OF THE EDESC, IS APPROVED BY THE BOARD OF GOVERNORS. ASME'S CORPORATE COUNSEL CONTEMPORANEOUSLY DOCUMENTS THE DECISION AND THE RATIONALE OF THE DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE ASME CONSTITUTION, BY-LAWS, SOCIETY POLICIES INCLUDING THE CONFLICT OF INTEREST POLICY, AND THE ASME FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART X THE BEGINNING OF YEAR BALANCE SHEET WAS RESTATED TO REMOVE THE ASSETS, LIABILITIES, AND NET ASSETS OF A RELATED FOREIGN SUBSIDIARY. 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