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Overview of ASME Vision, Mission, Core Values Structure and Organization Sectors and Units Financial Overview 1
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ASME as a Corporation 501(c)(3) working to benefit humankind 2
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ASME is a 501(c)(3) Not-for-Profit Corporation Registered in New York State Headquartered at Two Park Avenue Staff and volunteers around the globe Foreign tax liability in some countries Not-for-profits exist to provide programs and services for public benefit For-profits exist to earn and distribute taxable business earnings to shareholders 3
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Vocabulary/Definitions New York Not-for-Profit Law discusses directors and officers ASME’s directors are called Governors ASME’s Officers include Executive Director Senior Vice Presidents Vice Presidents Secretary Assistant Secretary Treasurer Assistant Treasurer 4
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ASME VISION To be the essential resource for mechanical engineers and other technical professionals throughout the world for solutions that benefit humankind. 5
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ASME Mission To serve diverse global communities by advancing, disseminating and applying engineering knowledge for improving the quality of life; and communicating the excitement of engineering 6
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ASME Core Values In performing its mission, ASME adheres to these core values: Embrace integrity and ethical conduct Embrace diversity and respect the dignity and culture of all people Nurture and treasure the environment and our natural and man-made resources Facilitate the development, dissemination and application of engineering knowledge Promote the benefits of continuing education and of engineering education Respect and document engineering history while continually embracing change Promote the technical and societal contribution of engineers 7
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Headquarters: New York City 130,000+ Members… Offices: Beijing, Brussels, New Delhi, Atlanta, Houston, Washington D.C. Journals, Technical proceedings, books … Standards... …now in use in 100+ countries in over 158 Countries Technical Publications… Traditional in a fully Digital Library Online Communities Online Engagement Founded in 1880 Founded in 1880 DigitalGlobal ASME’s Evolution
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Mission-driven: STRATEGIC PRIORITIES Energy Workforce Development Global Impact Advanced Manufacturing 9
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Drivers of Change Technology and Globalization
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“The new Pathway will elevate ASME’s impact in the global engineering community through engaging engineers throughout the world about issues that matter.” Pathway 2025 11
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Pathway 2025 – Our Future Strategic Objectives Increased global footprint Adaptability & forward facing Broader, more comprehensive engagement Revenue Growing More diversified Sustainable Strategic Priorities Global Impact Energy Workforce Development Advanced Manufacturing
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ASME’s Structure ASME’s Staff and Volunteer Organizational Structures 13
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ASME Staff Organization 14
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ASME Staff Offices 15
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The Four Sectors 17
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Public Affairs & Outreach Sector Expands global awareness, knowledge and application of engineering and technology through education and advocacy with the public, industry, academia, and government Government relations Education Global outreach Diversity and inclusion strategy Industry Advisory Board 18
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Standards & Certification Sector +500 published Standards +700 committees with +5,000 volunteers New standards and certification efforts in emerging markets like China and India A few examples: Boiler & Pressure Vessel Code Safety Codes & Standards Performance Test Standards Energy & Environmental Standards 19
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Student & Early Career Development Sector Addresses the needs of ASME’s student and early career membership Leadership and recognition Student programs Career development ME Today publication for early career engineers K-12 programs Mentoring 20
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Technical Events & Content Sector Developing and disseminating content through live and virtual delivery platforms including Conferences Events Publications Focused on utilizing market expertise and intelligence to assist in identifying new opportunities for ASME in key market segments 21
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Other ASME Units 22
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VOLT Academy Senior Leadership Training & Orientation Leadership Development Sector-level Training & Succession Planning ECLIPSE Internship Program e-Learning Volunteer Orientation and Leadership Training 23
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ASME Foundation The ASME Foundation is committed to funding and developing programs that support, create, and advance the field of engineering. 24
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ASME Auxiliary, Inc. Separate 501(c)(3) Establishes and supports scholarships and loans to students of mechanical engineering 25
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Engineering For Change, LLC Founded in 2008 by ASME, EWB, IEEE Online forum to connect, collaborate, solve challenges and share knowledge Areas of Interest: Water Energy Health Structures Agriculture Sanitation Info Systems Users: Engineers Technologists Social Scientists NGOs Local governments Community advocates 26
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Intro and Background: ASME at a glance Founded in 1880 Global Engagement 130,000+ Members from 158 Countries 30,000+ ASME.org Participants 17,000+ E4C Participants > 50,000 volunteer content contributors Millions of Engineers/Practitioners Headquarters: New York City 7 Office locations including Beijing, Delhi &Brussels ASME Digital Library ASME journals ASME conference proceedings ASME Press e-books 530 Standards in use in more than 100 countries
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Budget & Finance Overview Slides prepared by William Garofalo, Managing Director, Finance 28
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Corporate Financial Management Board of Governors Set goals and strategic direction Approve annual budgets Set policy Committee on Finance & Investment Recommend annual budgets to the BOG Review all requests for funds Review programs vs. strategic guidance (e.g., metrics) Audit Committee Annual audit preparation Prepare annual financial statements Internal audit Establish and monitor internal controls Staff General Accounting Financial Reporting, Planning, Analysis and Budgeting Tax Compliance Treasury Project Management Office 29
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ASME Programs 30
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Thank you! 31
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