Overview of ASME Vision Mission Core Values Structure

Overview of ASME Vision, Mission, Core Values Structure and Organization Sectors and Units Financial Overview 1

ASME as a Corporation 501(c)(3) working to benefit humankind 2

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 v Not-for-profits exist to provide programs and services for public benefit v For-profits exist to earn and distribute taxable business earnings to shareholders 3

Vocabulary/Definitions New York Not-for-Profit Law discusses directors and officers § ASME’s directors are called Governors § ASME’s Officers include • • 4 Executive Director Senior Vice Presidents Secretary Assistant Secretary Treasurer Assistant Treasurer

ASME VISION To be the essential resource for mechanical engineers and other technical professionals throughout the world for solutions that benefit humankind. 5

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

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

ASME’s Evolution Global Traditional 130, 000+ Members… Founded in 1880 Technical Publications… Standards. . . Headquarters: New York City Digital in over 158 Countries Journals, Technical proceedings, books … …now in use in 100+ countries Offices: Beijing, Brussels, New Delhi, Atlanta, Houston, Washington D. C. Online Communities Online Engagement in a fully Digital Library

Mission-driven: STRATEGIC PRIORITIES Global Impact Advanced Manufacturing Workforce Development 9 Energy

Drivers of Change Technology and Globalization

Pathway 2025 “The new Pathway will elevate ASME’s impact in the global engineering community through engaging engineers throughout the world about issues that matter. ” 11

Pathway 2025 – Our Future Strategic Objectives Strategic Priorities § Increased global footprint § Global Impact § Adaptability & forward facing § Energy § Broader, more comprehensive engagement § Advanced Manufacturing § Revenue • Growing • More diversified • Sustainable § Workforce Development

ASME’s Structure ASME’s Staff and Volunteer Organizational Structures 13

ASME Staff Organization 14

ASME Staff Offices 15

ASME Volunteer Organization 16

The Four Sectors 17

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 • • • 18 Government relations Education Global outreach Diversity and inclusion strategy Industry Advisory Board

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: • • 19 Boiler & Pressure Vessel Code Safety Codes & Standards Performance Test Standards Energy & Environmental Standards

Student & Early Career Development Sector Addresses the needs of ASME’s student and early career membership • • • 20 Leadership and recognition Student programs Career development ME Today publication for early career engineers K-12 programs Mentoring

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

Other ASME Units 22

VOLT Academy Volunteer Orientation and Leadership Training • Senior Leadership Training & Orientation • Leadership Development • Sector-level Training & Succession Planning • ECLIPSE Internship Program • e-Learning 23

ASME Foundation The ASME Foundation is committed to funding and developing programs that support, create, and advance the field of engineering. 24

ASME Auxiliary, Inc. § Separate 501(c)(3) § Establishes and supports scholarships and loans to students of mechanical engineering 25

Engineering For Change, LLC § Founded in 2008 by ASME, EWB, IEEE § Online forum to connect, collaborate, solve challenges and share knowledge Areas of Interest: Users: • Water • Engineers • Energy • Technologists • Health • Social Scientists • Structures • NGOs • Agriculture • Local governments • Sanitation • Community advocates • Info Systems 26

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+ E 4 C 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

Budget & Finance Overview Slides prepared by William Garofalo, Managing Director, Finance 28

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) 29 • 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

ASME Programs FY 14 Actual Revenue FY 14 Actual Expense Total = $118. 7 M Total = $92. 2 M Codes and Standards Conformity Assess Training and Development 31, 6 20, 3 38, 9 30 10, 9 14, 1 7, 5 6, 6 Knowledge and Community 14, 4 1, 1 Student Education 19, 2 2, 7 7, 3 0, 7 Public Affairs 6, 6 7, 4 7, 5 12, 7 1, 4 Institutes sector Publications Membership Miscellaneous

Thank you! 31