irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $14.73MSTANDARDS OPERATIONS- ASME ESTABLISHES AND PUBLISHES PUBLIC SAFETY RELATED INDUSTRIAL AND MANUFACTURING CODES AND STANDARDS FOR THE DESIGN, MANUFACTURING, AND INSTALLATION OF MECHANICAL DEVICES. THE PRINCIPAL PRODUCT AFFECTING REVENUE AND EXPENSES IS THE SOCIETY'S BOILER AND PRESSURE VESSEL CODE (THE BOILER CODE).
- #2 $19.04MENGINEERING OPERATIONS- ASME HOSTS PROGRAMS UNDER WHICH A COMPANY OR AN INDIVIDUAL IS ASSESSED AND CERTIFIED BASED ON DEMONSTRATED ABILITY TO MEET THE REQUIREMENTS OF AN ASME STANDARD. THESE CONFORMITY ASSESSMENTS CONTINUE TO PROVIDE A SERVICE VITAL TO THE ENHANCEMENT OF PUBLIC SAFETY AND FACILITATION OF INTERNATIONAL COMMERCE.
named programs · 4 · from sources
What they call their work
Conformity Assessment
Provides certification programs for companies and individuals to verify compliance with ASME standards, supporting public safety and international commerce.
IMECE India
International Mechanical Engineering Congress & Exposition held in India to promote innovation across engineering disciplines, focusing on energy, mobility, manufacturing, and digitalization through research presentations and industry collaboration.
Standards Operations
Establishes and publishes public safety-related industrial and manufacturing codes and standards, including the Boiler and Pressure Vessel Code, used globally for mechanical device design, manufacturing, and installation.
Training & Career Development
Offers professional development courses in areas such as Geometric Dimensioning and Tolerancing, ASME Boiler and Pressure Vessel Code, and welding technology through virtual and in-person instruction.
activities · 13 groups
What they do
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Recognition and Awards Programs 1 activity
- Administering award recognition and honors programsManages formal recognition initiatives, including issuing calls for nominations and administering awards through divisions such as the Computers and Information in Engineering Division, to honor excellence in the engineering field.
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Mentorship and Professional Development Programs 1 activity
- Delivering technical advice to policymakers and social impact venturesDeploys engineering expertise through policy fellowships and advisory services, placing 120 fellows with policymakers and offering guidance to over 100 social impact startups via the ASME ISHOW program.
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Construction Industry Standards and Contractor Support Services 1 activity
- Developing and publishing engineering codes and standardsCreates and maintains technical standards across multiple domains including pressure vessels, power plants, nuclear components, piping, elevators, and construction equipment, such as the Boiler and Pressure Vessel Code. These standards support public safety and international manufacturing compliance.
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Professional Membership and Association Benefits 1 activity
- Expanding access to engineering knowledge and networksProvides engineers with access to technical communities, industry information, volunteering opportunities, and career development resources through more than 50,000 member affiliations with Technical Divisions.
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Industry-Specific Student Scholarships and Competitions 1 activity
- Funding scholarships and innovation prizes for engineering students and innovatorsAwards grants and prizes through programs like ASME ISHOW, providing $500,000 in funding and design support, and awarding over 80 scholarships to students to advance engineering education and hardware-led social innovation.
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Scientific Conference & Symposium Management 1 activity
- Hosting technical conferences and congresses for engineering professionalsOrganizes major annual conferences such as the International Mechanical Engineering Congress & Exposition (IMECE), IDETC-CIE, and SMASIS, which convene thousands of engineers to share research, attend technical sessions, and hear from leading experts. These events facilitate knowledge exchange among academia, industry, and government.
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Impact Investing Knowledge & Technology Platforms 1 activity
- Operating Engineering for Change platformMaintains a global knowledge-sharing platform that reaches 1.1 million people and supports sustainable engineering solutions for underserved communities.
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STEM Competition and Robotics Programs 1 activity
- Organizing engineering student competitions and E-FestsHosts E-Fests and other engineering design competitions for students to apply design principles, network with employers, and build professional skills. These events are part of broader efforts to engage student members through university-based ASME Student Sections.
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Professional Certification and Continuing Education 1 activity
- Providing professional development and training for engineersOffers live, virtual, and on-demand courses in areas such as engineering drawing (ASME Y14.5), Finite Element Analysis (FEA), and other technical competencies. Trains over 10,000 individuals annually through structured learning paths and expert instruction.
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Academic Research Dissemination 1 activity
- Publishing peer-reviewed engineering research and literatureProduces and disseminates scholarly content including journals, books, and conference proceedings to advance mechanical engineering knowledge and encourage multidisciplinary collaboration.
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Hands-On STEM Education Programs 1 activity
- Running K-12 STEM outreach and education programsEngages students in science, technology, engineering, and math through educational initiatives that have impacted over 278,000 youth.
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Regional Chapter Network Support 1 activity
- Supporting local member engagement through Professional and Student SectionsFacilitates community-building at the local level via chartered Professional and Student Sections that offer networking, leadership development, recognition, and enrichment activities aligned with academic and professional engineering goals.
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Uncategorized 3 activities
- Establishing for-profit subsidiary for engineering innovationFounded ISIE II & III LLC in 2020 to develop new products, services, and technologies that serve the engineering community through entrepreneurial approaches.
- Issuing the ASME Mark for product certificationAuthorizes use of the ASME Mark on industrial products to signify compliance with established safety and quality standards across various sectors.
- Operating conformity assessment and certification programsRuns programs that evaluate and certify companies and individuals for compliance with ASME standards, enhancing public safety and enabling global commerce through trusted verification processes.
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financials · form 990 · fy2024
revenue
Total revenue$136.99M
Contributions & grants$1.28M1%
Program service revenue$61.99M45%
Investment income$10.30M8%
Other revenue$63.42M
expenses
Total expenses$124.28M
Program expenses71%
Admin / overhead29%
Fundraising0%
Salaries & benefits$71.78M
Grants paid out$1.85M
Largest expense lineCompensation
balance sheet
Total assets$227.90M
Cash$20.01M
Investments$178.78M
Liabilities$60.12M
Net assets$167.78M
Liquid reserves19.2 mo
6 years on record · 2019–2024 · YoY revenue +0.2%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 14
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| THOMAS COSTABILE | EXECUTIVE DIRECTOR/CEO | 40 | $2.09M |
| WILLIAM GAROFALO | CHIEF FINANCIAL OFFICER | 40 | $1.03M |
| MICHAEL JOHNSON | CHIEF STRATEGY OFFICER | 40 | $971K |
| JOHN DELLI VENNERI | ASST SECRETARY (EXITING)/GEN COUNSEL | 40 | $907K |
| JEFFREY PATTERSON | CHIEF OPERATING OFFICER | 40 | $808K |
| CHANDRA CLOUDEN | CHIEF HR OFFICER | 40 | $719K |
| ALLIAN PRATT | ASST SEC (INCUMB)/CHF LEAD ENGAG OFF | 40 | $704K |
| KEITH BLOESCH | CHIEF INFORMATION OFFICER | 40 | $535K |
| JOSH HEITSENRETHER | SR. MD, MARKETING & DIGITAL STRATEGY | 40 | $520K |
| STEVE PAPAGANERES | MANAGING DIRECTOR, FINANCE | 40 | $516K |
| THOMAS MEEHAN | CONTROLLER | 40 | $507K |
| ANAND SETHUPATHY | CHIEF STRATEGY OFFICER | 40 | $499K |
| ROBERT KARMELICH | SR. MD, CORP SALES & CUSTOMER CARE | 40 | $448K |
| CHRISTOPHER CANTRELL | SR. MD, STANDARDS ENGINEERING SVCS | 40 | $412K |
board members · 11
- ALMA FALLON — MEMBER AT LARGE
- CARLOS BEATTY JR — MEMBER AT LARGE (BEGIN 6/8/25)
- DAVID SCHLESINGER — MEMBER AT LARGE
- JANIS TERPENNY — MEMBER AT LARGE
- JARED OEHRING — MEMBER AT LARGE (END 6/8/25)
- KATHRYN JABLOKOW — MEMBER AT LARGE
- LESTER SU — PRESIDENT (INCUMBENT)/MEMBER
- MONICA MOMAN-SAUNDERS — MEMBER AT LARGE
- NELIA MAZULA — MEMBER AT LARGE (BEGIN 6/8/25)
- NICOLE DYESS — MEMBER AT LARGE
- PARISA SABOORI — MEMBER AT LARGE (BEGIN 6/8/25)
relationships · 18
Who they work with
- AIC T-Hub Partner — Collaborates with AIC T-Hub, as indicated by the CEO of AIC T-Hub participating in IMECE India 2026 events.
- ASME Network — Primary organization responsible for developing and maintaining its own portfolio of engineering codes and standards.
- ASME Network — Primary organization responsible for developing and publishing engineering standards, offering certifications, and supporting professional development.
- ASME Foundation Network — Collaborates on programs and philanthropy to support engineering impact.
- ASME Student Section Network — Local student sections at universities and colleges that host activities and engage student members.
- Anusandhan National Research Foundation Partner — Engages with Anusandhan National Research Foundation through joint participation in IMECE India 2026, including representation by its CEO.
- Army Research Laboratory Partner — Collaborates by having researchers, such as Dr. Todd C. Henry, serve as keynote speakers at ASME's SMASIS conference.
- CIIC & AIC – CIIC Partner — Partners with CIIC & AIC – CIIC, with its Executive Director participating in IMECE India 2026.
- CSIR Partner — Collaborates with CSIR, as evidenced by participation of CSIR leadership in IMECE India 2026 events.
- Computers and Information in Engineering Division Network — Technical division under ASME that organizes awards and technical content for IDETC-CIE.
- DSIR Government — Engages with DSIR through shared participation in IMECE India 2026, with DSIR leadership serving in official roles.
- Govt. of Andhra Pradesh Government — Partners with the Government of Andhra Pradesh, with state officials participating in leadership and speaking roles at IMECE India 2026.
- International Society of Interdisciplinary Engineers (ISIE) II & III LLC Partner — For-profit subsidiary established by ASME to house business ventures bringing innovative products and services to the engineering community.
- L&T Edutech Partner — Engages with L&T Edutech, as shown by its Head participating in IMECE India 2026.
- NSDC Partner — Works with NSDC, demonstrated by NSDC leadership involvement in IMECE India 2026.
- SERB Government — Connects with SERB, Government of India, as shown by involvement of SERB National Science Chair in IMECE India 2026.
- The Pennsylvania State University Partner — Collaborates by having faculty, such as Dr. Zoubeida Ounaies, serve as keynote speakers at ASME's SMASIS conference.
- engineering departments of colleges and universities around the world Partner — Hosts ASME Student Sections within academic institutions to support student engineering education and engagement.
strategies · 5
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Consensus-Based Standards Development for Safety and Interoperabilitymethodology: consensus-based_standards_developmentBy developing technical standards through collaborative, consensus-driven processes, ASME improves safety, quality, and interoperability in mechanical systems, because broad expert input ensures robust, widely adoptable solutions that serve both public safety and industry needs.
- Flexible, Expert-Led Learning Pathways to Advance Engineering Competencemethodology: expert-led_live_instructionBy offering both live instruction with subject-matter experts and self-paced courses, ASME supports continuous professional development, because combining structured engagement with scheduling flexibility meets diverse learning needs and maximizes skill acquisition among practicing engineers.
- Knowledge Dissemination and Research Translation to Accelerate Innovationmethodology: research-to-application-translationBy publishing peer-reviewed research and convening interdisciplinary stakeholders, ASME accelerates the application of scientific advances—such as in smart materials—into real-world engineering solutions, because bridging research and practice through trusted platforms fosters innovation and cross-sector collaboration.
- Professional Community Building Through Interest- and Geography-Based Engagementmethodology: professional-community-buildingBy organizing engineers into Technical Divisions, Student Sections, and local Professional Sections, ASME strengthens professional identity and knowledge exchange, because connecting individuals around shared disciplines, career stages, and locations increases relevance, participation, and collective advancement.
- Standards-Enabled Conformity Assessment to Support Safety and Global Commercemethodology: conformity_assessment_for_safety_and_commerceBy certifying compliance with engineering standards through third-party conformity assessment, ASME enhances public safety and enables global trade, because verified adherence builds trust in system integrity across regulatory and market boundaries.