Educational Institutions

The ASME Foundation, Inc.

  • Washington, DC
  • go.asme.org/foundation

Mission Statement

The ASME Foundation,  through fundraising and philanthropy, is committed to advancing the engineering community and profession through the creation and support of programs in four target areas: K-12 STEM education, student & early career development, engineering for global development, and public policy.

Main Programs

  1. Scholarships & Loans
  2. Innovation Showcase (IShow)
  3. Federal Fellowship
Service Areas

Self-reported

International

Historically the ASME Foundation has served the engineering community of the United States (all areas) through scholarships and awards dedicated to showcasing the value of engineering in today's modern society by awarding scholarships to talented engineering students that need extra financial help in completing their education, and bestowing honors and awards on engineers working towards improving society through advancing technology.

Today, the ASME Foundation focuses on also providing the same opportunities to people around the world, particularly those living in developing nations.

ruling year

1986

Executive Director since 2010

Self-reported

Mr. Matt Francis Schatzle

Chair, Board of Directors since 2013

Self-reported

Susan H. Skemp

Keywords

Self-reported

engineering, mechanical engineering, K-12 STEM education, education, humanitarian, students, early career, public policy, honors, awards, loans, scholarships, global development

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EIN

13-3372934

 Number

2650122040

Physical Address

1828 L Street NW Suite 810

Washington, 20036 5104

Also Known As

ASME Foundation

Contact

Cause Area (NTEE Code)

Professional Societies & Associations (B03)

Scholarships, Student Financial Aid, Awards (B82)

Professional Societies, Associations (M03)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

In FY2013, the ASME Foundation has: awarded over $180,000 in Scholarships to the brightest, and most deserving, mechanical engineering students; Awarded over $240,000 in Honors & Awards to over 70 engineers for various engineering feats and accomplishments; increased the number of participants in ASME's Inspire Innovation Workshops to provide training to teachers, free of charge, on how to incorporate STEM into their classroom curriculums; provided  significant financial support for the ASME co-founded project, Engineering for Change LLC (E4C), to expand its "solutions library" and webinar series on creating and maintaining engineering projects in the developing world; and expanded the ASME Federal Fellowship program that places experienced engineers into the offices of the executive and legislative branches of our government to provide guidance on technological matters.

In addition, the ASME Foundation has started the strategic process for creating new and diverse programs to reach even more future engineers.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Scholarships & Loans

The ASME Foundation awards over $200,000 in undergraduate and graduate scholarships for deserving mechanical engineering students, makes over $240,000 available each year to promote math and science education in elementary, middle, and high schools, and gives over 65 awards annually to mechanical engineers who have made significant accomplishments to aid humankind.

Category

None

Population(s) Served

None

None

None

Budget

Program 2

Innovation Showcase (IShow)

Inspiring students to be product innovators and entrepreneurs, the ASME Innovation Showcase (IShow) provides a platform for top collegiate teams to compete for seed money to further develop their product. While demonstrating their technical creativity, winners must prove that they have a sustainable business model to a judging panel of successful innovators, industry experts, venture capitalists, and intellectual property specialists.

Category

None

Population(s) Served

Young Adults (20-25 years) -- currently not in use

None

None

Budget

Program 3

Federal Fellowship


ASME is the first engineering society to establish a Federal Government Fellowship Program. The program, which began in 1973, enables selected ASME members to devote a year working in government, providing technical advice to policy makers in Congress, the White House Office of Science and Technology Policy, and key federal agencies.

Federal government fellows provide a valuable public service to the nation, while providing engineers with a unique opportunity to participate directly in the policy making process. Fellows have distinguished themselves as key advisors to the government in such areas as aerospace, critical infrastructure, risk analysis, energy, manufacturing, and engineering education. Individuals who have participated in the program have described their year in service as the most exciting, rewarding, and educational period of their professional careers.

The program includes two types of fellowships. Congressional fellows interact with the staff of a congressional committee, US senator, or US representative, bringing an engineering perspective to the decision-making process in the nation's public policy arena. The ASME Foundation Swanson Fellowship, named after John A. Swanson, Ph.D., the internationally recognized leader in the field of engineering simulation software, places an engineer in the White House Office of Science and Technology Policy.

Category

None

Population(s) Served

None

None

None

Budget

Charting Impact

Self-reported by organization

Five powerful questions that require reflection about what really matters - results.

  1. What is the organization aiming to accomplish?
    - Continuing to responsibly manage our endowed funds to make sure that we are able to hand out over $180,000 in scholarships to the brightest engineering students majoring in mechanical engineering.

    -Work closely with program staff of our parent organization, ASME, to ensure that innovative programming is created for students and teachers in grades K-12; university students; the global development and engineering space; and the public policy arena. For example, we are set to launch a pilot program for middle school students, called Inspire, that will use online gaming techniques to help teachers introduce engineering concepts in the classroom. We also have expanded our initial support of the ASME Innovation Showcase (IShow) to provide collegiate teams with more than double the seed money from previous competition years, so that they will have even more financial support in getting their innovate and often times life-changing products to the marketplace.
  2. What are the organization's key strategies for making this happen?
    ASME Foundation actively reaches out to, and collaborates with, ASME's professional society membership base, and their employers- which include companies such as Boeing, GE, ExxonMobil, Westinghouse to name a few- for much needed funds to help us support the engineers of tomorrow. We ask that current and retired engineers, help give back to their professional society in order to continue a tradition of innovation.

    ASME Foundation also seeks to identify and form relationships with other organizations and nonprofits that are working towards similar goals and pool our resources together to make an even greater difference.

    It should be noted that currently the ASME Foundation offers all of its programs free of charge to any and all participants. We view this as a vital component to making sure that engineering is an all-inclusive field and everyone gets the chance to participate.
  3. What are the organization's capabilities for doing this?
    ASME Foundation has the support of our parent organization, ASME, in terms of financial assistance (if needed), engineering expertise (for program design- for the engineer, by the engineer), and individual members who donate to all the philanthropic programs.

    We also have the support of the major engineer companies worldwide as well as all the accredited engineering institutions that dole out the various engineering degrees so that we can work together in creating opportunities that benefit us all.

    ASME and the ASME Foundation also has great working relationships with the other professional engineering societies for crucial collaborative efforts in enacting change in areas that benefit us all. A good example is of the partnerships formed through ASME's flagship global development project, and an ASME Foundation sponsored program, called Engineering for Change that seeks to unite all the engineering disciplines and their corresponding engineering societies, as well as other active participants in international development, to create and implement appropriate technologies to help alleviate poverty around the world.

    ASME Foundation is truly in a prime position to ensure that engineers continue to make vital changes to help make the world a safer place.
  4. How will they know if they are making progress?
    We will know that we are making progress through the following ways:
    -When the number of undergraduate students dropping out of the mechanical engineer major falls;
    -When more women and underrepresented minorities select mechanical engineering as their major;
    -When the stagnant percentages of both women and underrepresented minorities working as engineers rises;
    -When engineering companies stop complaining about the lack of US-based engineering talent in the early career workforce;
    -When more early career engineers start to participate in ASME business;
    -When K-12 students can not only tell someone what an engineer is, but actually view it was a viable career option for themselves.
  5. What have and haven't they accomplished so far?
    We are slowly making progress in the K-12 STEM arena by piloting a program, INSPIRE, that will hopefully be expanded nationwide within the next 5 years.

    We are making progress in the global development arena by identifying areas that engineers need the most assistance in. For example by supporting the online platform, Engineering for Change, people from all over the world are connected, free of charge, and share success stories and technical advice on designing life-altering devices for the developing world, and by launching a evidence-based publication to promote engineering and the creation of appropriate technologies in the developing world. Both resources were lacking before.

    In the public policy space, we have doubled the number of engineers we send, and pay a stipend to, to Congressional offices and other federal agencies through our Federal Fellowship Programs where they provide nonpartisan technical advice to public policy matters.

    In the university space, we continue to offer competitions to the students to hone their theoretical skills outside the classroom in a real-world setting. Universities often tell us that there is no room in their curriculum for hands-on activities, so they rely heavily on us to provide that forum.
Service Areas

Self-reported

International

Historically the ASME Foundation has served the engineering community of the United States (all areas) through scholarships and awards dedicated to showcasing the value of engineering in today's modern society by awarding scholarships to talented engineering students that need extra financial help in completing their education, and bestowing honors and awards on engineers working towards improving society through advancing technology.

Today, the ASME Foundation focuses on also providing the same opportunities to people around the world, particularly those living in developing nations.

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

The ASME Foundation Inc
Fiscal year: Jul 01-Jun 30
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

The ASME Foundation, Inc.

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2014, 2013 and 2012
  • Board Chair, Board Co-Chair and Board Members
  • Access to the GuideStar Community
Need the ability to download nonprofit data and more advanced search options? Consider a Premium or Pro Search subscription.

Executive Director

Mr. Matt Francis Schatzle

Chair, Board of Directors

Susan H. Skemp

BIO

Current:
Executive Director, ASME Foundation at ASME
Past:
Committee Member at National Maritime Heritage Foundation
Vice President of Development at US Navy Memorial
Chief Operating Officer at US Naval Institute
Vice President of Development at The Ocean Conservancy
Executive Director Development at USO
Director of Development at U.S. Naval Academy Foundation

Education:
United States Naval Academy
St Johns Gulfport MS

Governance

BOARD CHAIR

Susan H Skemp

Southwest National Marine Renewable Energy Center

Term: June 2013 - July 2014

BOARD LEADERSHIP PRACTICES

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BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


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BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?