New York · Nonprofit
THE ASME FOUNDATION INC
THE ASME FOUNDATION INC (New York) receives grants from 24 organizations whose IRS filings report $2,585,441 to it, the largest being ECMC FOUNDATION ($800,000). 11 of them have funded it in more than one year.
- Revenue FY2025
- $5.2M
- Funders on record
- 24
- Grants received
- $2.6M
- Net assets
- $40M
What The Asme Foundation Inc does
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.
As stated on its FY2025 Form 990.
Programs
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.
$1,199,444 spentof which $717,067 as grants33% of program spendingFederal 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.
$1,133,851 spentof which $674,561 as grants31% of program spendingStem: 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.
$1,355,927 spentof which $640,157 as grants37% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,689,222.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $26M to $34M (+28%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2025 5%. Grants only. Government contracts and fees sit inside program revenue.
73% of THE ASME FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (68% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Stephanie Viola
Executive director
Board chair
Sonya Smith
Chair
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2022 and FY2023 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 7 funders, grant income rose $22k → $913k.
7 of 24 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 33% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $14M from one payer (the payer shares this organization's board, largest The American Society of Mechanical Engineers). These are real filings, and they are not money THE ASME FOUNDATION INC raised.
From the IRS filings of THE ASME FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE ASME FOUNDATION INC leans on a few funders — its largest provides 31% of grant income and the top three 79%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
64% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE ASME FOUNDATION INC.
Largest funder’s share by year: 2017 97% · 2018 100% · 2019 91% · 2020 33% · 2021 49% · 2022 46% · 2023 88% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
33% of THE ASME FOUNDATION INC's funders are still giving 3 years after their first grant; 46% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
THE ASME FOUNDATION INC draws 99% of its grant income from funders outside New York, across 12 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $843k arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE ASME FOUNDATION INC runs a healthier operating margin than three-quarters of the 234 science & tech nonprofits its size.
this organization peer median middle 50% of peers· 234 science & tech nonprofits $1M–$10M, FY2025
Government funding THE ASME FOUNDATION INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $4.0M on record.
- Department of Labor$4.0M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE ASME FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
98% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 37 states
Part of a family of 7 related entities
- The American Society of Mechanical Engineers · exempt
- Asme Foundation India · exempt
- Twinify Technologies LLC · partnership
- Asme India Private Ltd · corp_trust
- Asme Ventures LLC Fka Metrix Connect LLC · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for THE ASME FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE ASME FOUNDATION INC?
- THE ASME FOUNDATION INC (New York) receives grants from 24 organizations whose IRS filings report $2,585,441 to it, the largest being ECMC FOUNDATION ($800,000). 11 of them have funded it in more than one year.
- How many funders does THE ASME FOUNDATION INC have?
- IRS filings report 24 organizations giving $2,585,441 in grants to THE ASME FOUNDATION INC, 11 of which have funded it in more than one year.
- Who is the largest funder of THE ASME FOUNDATION INC?
- ECMC FOUNDATION is the largest funder on record, with $800,000 in grants. The full list of funders is on this page.
- How can an organization like THE ASME FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 24 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing