Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1954.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
67 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
25 people listed on the 990.
Ms Carrie L Wilson’s $117K as Secretary/Executive Dir is at the 43rd percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Advances scientific knowledge through educational programs, teacher grants, and student support.
Questions for Asm Materials Education Foundation
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Programs include undergraduate scholarships, undergraduate design competition, and other undergraduate programs, in addition to k-12 programs. The asm foundation's signature program is asm materials camps which have served almost 18,000 students and over 12,000 teachers since inception.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $11K | $25K |
| InvestmentsLn 11–13 | $14.7M | $14.9M |
| Total assetsLn 16 | $14.7M | $15.0M |
| LiabilitiesLn 26 | $531K | $452K |
| Net assetsLn 32 | $14.2M | $14.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $206K | $206K | ||
| Other salaries and wagesLn 7 | $455K | $241K | $67K | $147K |
| Pension plan contributionsLn 8 | $73K | $49K | $12K | $12K |
| Payroll taxesLn 10 | $24K | $16K | $4K | $4K |
| Investment management feesLn 11f | $44K | $44K | ||
| Other fees for servicesLn 11g | $46K | $46K | ||
| Advertising and promotionLn 12 | $15K | $9K | $1K | $4K |
| Office expensesLn 13 | $8K | $4K | $2K | $2K |
| Information technologyLn 14 | $1K | $1K | $49 | |
| TravelLn 17 | $4K | $3K | $487 | $1K |
| Other expenses (24a–d)Ln 24 | $235K | $213K | $9K | $13K |
| Total functional expensesLn 25 | $1.1M | $741K | $184K | $183K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $2.3M | $1.6M | $735K | $17.5M | 990 PDF |
| FY2023 | $1.8M | $1.6M | $185K | $16.4M | 990 PDF |
| FY2022 | $1.4M | $1.3M | $103K | $15.0M | 990 PDF |
| FY2021 | $2.6M | $1.1M | $1.5M | $16.7M | 990 PDF |
| FY2020 Viewing | $2.7M | $1.1M | $1.6M | $14.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $2,669,241 revenue, 12 lines filed
Part VI · Governance 20 of 20 board members independent, no flags
Part VIII · Statement of revenue $2,669,241 across 6 lines filed
Part IX · Statement of functional expenses $1,108,945 across 11 lines filed
Part X · Balance sheet $15,047,753 assets, 13 lines filed
Part XI · Reconciliation of net assets $14,595,754 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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