2015-05-06T15:27:15-05:00 2014-06-30 KPMG LLP 345 PARK AVENUE NEW YORK NY 10154 990 2013-07-01 131623899 The American Society of Mechanical Engineers % THOMAS MEEHAN CONTROLLER AMER 2125917000 TWO PARK AVENUE Suite NEW YORK NY 10016 WILLIAM GAROFALO ASSISTANT TREASURER 2125917000 2015-05-06 true JOCELYNE MILLER KPMG LLP P00634378 2125917000 2013 2016-02-25 16:41:14Z ASME THOMAS G LOUGHLIN TWO PARK AVENUE NEW YORK NY 10016 165071623 false X WWW.ASME.ORG X 1880 NY TO PROMOTE THE ART, SCIENCE AND MULTIDISCIPLINARY ENGINEERING AND ALLIED SCIENCES AROUND THE GLOBE. 12 12 448 8000 1553101 179835 10010429 606591 42843888 63670381 5945180 5320085 33508588 32843301 92308085 102440358 478776 48173 0 0 50465661 52832851 0 0 0 43691427 47721224 94635864 100602248 -2327779 1838110 164052958 189185105 73232592 83989480 90820366 105195625 X ASME'S MISSION IS TO SERVE DIVERSE GLOBAL COMMUNITIES BY ADVANCING, DISSEMINATING AND APPLYING ENGINEERING KNOWLEDGE FOR IMPROVING THE QUALITY OF LIFE; AND 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14520859 121943528 322767 -19825937 -19503170 102440358 121894076 21614594 21614594 100279482 322766 322766 100602248 PART v, LINE 4 ENDOWMENT FUNDS ARE USED FOR MECHANICAL ENGINEERING AWARDS AND MEDALS. 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, 2014 OR 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTERCOMPANY TRANSFERS $1,788,658 TOTAL TO SCHEDULE D, PART XI, LINE 2D $1,788,658 PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE ($61,680) RECLASS OF COGS ($19,764,257) TOTAL TO SCHEDULE D, PART XI, LINE 4B ($19,825,937) PART XII LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE $61,680 RECLASS OF COGS $19,764,257 INTERCOMPANY TRANSFERS $1,788,658 TOTAL TO SCHEDULE D, PART XII, LINE 2D $21,614,595 true East Asia and the Pacific 1 4 Program Services SEE PART V 475831 Europe (Including Iceland and Greenland) 1 5 Program Services SEE PART V 627199 South Asia 1 3 Program Services SEE PART V 296607 3 12 3 12 1399637 1399637 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. REGION: EUROPE (E) SPECIFIC TYPES OF SERVICES IN REGION: ASME THROUGH INDEPENDENT CONTRACTORS, PROMOTES DIALOGUE WITH LOCAL ENGINEERS, CORPORATIONS, EDUCATIONAL INSTITUTIONS, AND TECHNICAL ASSOCIATIONS AS WELL AS PROVIDE LOGISTICAL SUPPORT FOR ASME EVENTS SUCH AS CONTINUING EDUCATION AND WORKSHOPS. REGION: SOUTH ASIA (E) SPECIFIC TYPES OF SERVICES IN REGION: ASME THROUGH INDEPENDENT CONTRACTORS, ENGAGES IN THE MARKETING AND PROMOTION OF ASME STANDARDS, CONFORMITY ASSESSMENT PROGRAMS, TRAINING PROGRAMS, JOURNALS, CONFERENCE PROCEEDINGS, BOOKS AND OTHER PUBLICATIONS AND PROMOTES MEMBERSHIP IN ASME. true ASME FOUNDATION 1828 L STREET WASHINGTON DC 20036 133372934 501(C)(3) 18671 SECTOR OPERATIONS - APPROPRIATIONS ASME Auxiliary Two Park Avenue New YOrk NY 10018 136128507 501(c)(3) 28606 ADMINISTRATIVE SUPPORT 2 SCHEDULE I, PART I, LINE 2 During the year ended June 30, 2014, ASME only contributed to related 501(c)(3) public charities. X X true true X X X X X false true false false false false false true false JAMES REESE MEISINGER MANAGING DIRECTOR 237764 0 28526 0 0 0 76342 0 0 0 342632 0 0 0 JOHN DELLI VENNERI ASSISTANT SECRETARY 294945 0 37911 0 0 0 12750 0 32054 0 377660 0 0 0 JUNE LING 2ND ASSISTANT Treasurer 331895 0 56750 0 0 0 159541 0 14052 0 562238 0 0 0 LAUREL RASO MANAGING DIRECTOR 253303 0 36028 0 0 0 105413 0 27225 0 421969 0 0 0 MARK SHEEHAN MANAGING DIRECTOR 239270 0 26513 0 0 0 95931 0 10852 0 372566 0 0 0 MICHAEL IRELAND MANAGING DIRECTOR 223017 0 30130 0 0 0 49028 0 24054 0 326229 0 0 0 MICHAEL MERKER MANAGING DIRECTOR 267691 0 36142 0 0 0 105757 0 3855 0 413445 0 0 0 ROY ARBEIT MANAGING DIRECTOR 242725 0 36726 0 0 0 15300 0 24936 0 319687 0 0 0 SRINI CHANDRA SHEKHAR MANAGING DIRECTOR 194385 0 27088 0 0 0 12535 0 18471 0 252479 0 0 0 THOMAS LOUGHLIN EXECUTIVE DIRECTOR 518049 0 104166 0 0 0 241746 0 29154 0 893115 0 0 0 WILLIAM BERGER MANAGING DIRECTOR 257303 0 26659 0 0 0 107053 0 13701 0 404716 0 0 0 WILLIAM GAROFALO ASSISTANT TREASURER 246657 0 39303 0 0 0 10620 0 4440 0 301020 0 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. ASME PAID FOR THE SOCIAL CLUB DUES FOR ITS EXECUTIVE DIRECTOR. THIS BENEFIT WAS TAXABLE TO THE RECIPIENT. 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 2013: THOMAS LOUGHLIN, $157,665 JUNE LING, $27,117 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 $ 1,374,811 . INCLUDING GRANTS OF $ 0. REVENUE $ 1,031,075. PUBLIC AFFAIRS AND OUTREACH - THE PUBLIC AFFAIRS AND OUTREACH SECTOR, UNDER THE DIRECTION OF THE BOARD OF GOVERNORS, IS RESPONSIBLE FOR THE COORDINATED OUTREACH TO INDUSTRY, GOVERNMENT, EDUCATION, AND THE PUBLIC. SPECIFICALLY, THIS SECTOR IS RESPONSIBLE FOR INITIATIVES THAT ADDRESS DIVERSITY AND GLOBAL DEVELOPMENT PROGRAMS AS WELL AS THE ACCREDITATION OF ENGINEERING CURRICULA AND THE ACCREDITATION OF ENGINEERING AND ENGINEERING TECHNOLOGY DEGREE PROGRAMS THROUGH ABET AFFILIATION. THE PUBLIC AFFAIRS AND OUTREACH SECTOR IS LED BY A COUNCIL. THE UNITS OF THE SECTOR INCLUDE THE BOARD ON EDUCATION, BOARD ON GOVERNMENT RELATIONS, INDUSTRY ADVISORY BOARD, DIVERSITY AND INCLUSION STRATEGY COMMITTEE. EXPENSES $ 6,618,180 . INCLUDING GRANTS OF $ 0. REVENUE $ 431,881. INSTITUTES/TRAINING - PROVIDES CONTINUING EDUCATION COURSES FOR ENGINEERING AND THE TECHNICAL WORKFORCE. ADDITIONALLY, THIS AREA HOLDS MEETINGS, CONFERENCES AND WORKSHOPS FOR THE ADVANCED TECHNOLOGIES PROGRAMS, THE INTERNATIONAL GAS TURBINE INSTITUTE, AND THE INTERNATIONAL PETROLEUM TECHNOLOGY INSTITUTE. EXPENSES $ 7,382,911. INCLUDING GRANTS OF $ 0. REVENUE $ 14,503,634. OTHER CATEGORY EXPENSES $6,343,294. INCLUDING GRANTS OF $0. REVENUE $22,594,562. 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. 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