Annual Report FY2020 The American Society of Mechanical Engineers® ® ASME® The American Society of Mechanical Engineers Our Mission ASME’s mission is to advance engineering for the benefit of humanity. Our Vision ASME’s vision is to be the premier resource for the engineering community globally. Our 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 Table of embracing change Contents • Promote the technical and societal contribution of engineers Our Credo ASME Annual Report Pg. 4 Setting the Standard… ASME Foundation Pg. 8 • In Engineering Excellence Financials Pg. 24 • In Knowledge, Community, and Advocacy • For the benefit of humanity 1880 Year ASME was Established 100,000+ ASME Members 28,000+ ASME Student Members 20,000+ ASME Early Career Engineer Members 140+ Countries with ASME Members 3,800+ Active Volunteer Leaders 560+ ASME Standards 100+ Countries using the ASME Boiler & Pressure Vessel Code 2 asme.org asme.org 3 Virtual Industry Events Governors formally declared that ASME Diversity & & Conferences Inclusion efforts – to encourage, support, and Letter from the celebrate the diverse voices of our employees, As mentioned, ASME’s renowned Industry Events volunteers, customers, and communities – are of and Conferences programming shifted from the paramount importance to the Society as a whole. In President physical world to virtual. Remarkably, this change pursuing this ongoing work, ASME will adhere to allowed greater access to ASME conference three guiding principles: we are a global, diverse, programming to more people around the world than and inclusive Society; we are a Society that adheres and Executive ever before. We have seen truly robust levels of to the highest ethical standards, and we are a participation at a wide range of ASME virtual events Society focused on the next generation. Director/CEO – more than one might have imagined possible. This phenomenal response shows that ASME public This has been an extraordinary year both for ASME programming is more than ready for its next chapter, and the world. We are confident that our Society has and that virtual access to ASME programs provides a weathered an historic storm and is emerging not just vital opportunity for many thousands around the intact but strengthened and ready for what will come ASME COVID-19 world for whom traveling to participate was not an next. On behalf of the Board of Governors and option. ASME’s leadership team, we thank you and all ASME Task Force Efforts stakeholders for your passion, your enthusiasm, and your dedication to the Society we all care so much Beyond immediate efforts to manage the crisis, Next Generation Engineers about. Your continued participation, commitment, ASME also formally convened a COVID-19 Task Capital Campaign and contributions to ASME, especially in a year like Force to centralize and streamline the Society’s 2020, make it possible for our Society to remain a response to the array of needs certain to arise within We are very pleased to report that, after much For 140 years, ASME’s efforts to advance the preeminent resource for the global engineering our global community. Led by Christine Reilley, preparation, the ASME Foundation formally launched community. All we can say is thank you. art and science of mechanical engineering ASME’s Senior Director for Strategy & Innovation, The Campaign for Next Generation Engineers Who for the benefit of humanity have been ASME’s COVID-19 Task Force guided us to Transform the World on July 1. To ensure success in fueled by the expertise and the passionate implement a host of responses and what will be the most ambitious effort in its history commitment of our members and volunteers. offerings including: – with a five-year goal to raise over $50 million – Today, ASME serves a diverse global ASME Foundation Executive Director Kathleen Lobb community of technical professionals who • ASME’s renowned INSPIRE K-12 learning program recently completed recruitment of an extraordinary practice, teach, study, and share mechanical and resources were made available at no cost to new team of development professionals to realize engineering expertise as the embodiment of students and families affected by the crisis. this vision. We are also very pleased to share that Thomas Costabile, P.E. mankind’s ambition to master the challenges • ASME’s online learning resources for engineers ASME Past President Keith Roe will serve this major Executive Director and were made available at deep discounts. of life on earth. effort as both chair of the ASME Philanthropy Chief Executive Officer • ASME’s editorial team moved to provide real-time Committee and as chair of the Capital Campaign. updates on all relevant technical developments, We know that 2020 will be remembered as including advances in ventilators and the Membership Pilot Initiative an unprecedented year by everyone who production of personal protective equipment. experienced it. This year’s once-in-a-century • ASME Conferences and Industry Events were In its continuing effort to deliver our members the events have challenged us, brought out the moved entirely online and made available to most value possible, ASME’s Membership team Richard T. Laudenat, P.E. best in us as a global team and family, and registrants at no cost. launched an extensive pilot process – based on President even created unexpected opportunities. We • ASME’s Government Relations team hosted online market research – to study the evolving needs and are pleased to report that ASME continues to congressional briefings and published white preferences of the many constituencies of ASME navigate the challenges of 2020 successfully papers aimed at aiding lawmakers’ skillful response members. This extensive process is slated to and can proudly point to remarkable to challenges in areas of ASME expertise (e.g., continue throughout FY21 and into the first part achievements in a host of areas. supply chain engineering and management). of FY22. While still early in the pilot period, the • ASME expanded career resources offerings to ASME Membership team anticipates offering Navigating the Crisis help any ASME members or volunteers whose new and/or additional benefits along with employment was affected during the crisis. some membership plan customization that This past March, as it became apparent that the • Engineering for Change (E4C) shifted focus to will enable members to choose the benefits world was facing its first truly global pandemic in a provide resources and information on best that best suit their needs each year. Once complete, century, ASME’s leadership took decisive action: practices for supplying needed resources to the data collected via this targeted ASME offices around the world – including our under-resourced communities worldwide and the pilot program will inform the creation of a new headquarters in New York City – closed almost professionals who serve them (i.e., localized membership framework to be rolled out to immediately. ASME’s nearly four hundred plus staff production of PPE). ASME’s membership worldwide. members around the world pivoted in real time to • In partnership with the Food and Drug the work-from-home orientation that has become the Administration, Manufacturing USA, and National Diversity & Inclusion world’s new normal. In less than a week, all of Institutes of Health, and under the rubric of America ASME’s work was being done in homes around the Makes, ASME hosted webinars to build engineer- We are proud to report that ASME’s Board world, connected virtually to conform with new physician partnerships and amplify the reach and of Governors has now voted to broaden and social-distancing guidelines and minimize availability of NIH’s national repository of medical formalize ASME’s Diversity & Inclusion efforts. transmission of the COVID-19 virus. and engineering design resources. Mindful of the Society’s responsibility to support the needs of all its constituents, the Board of 4 asme.org asme.org 5 Richard T. Laudenat, P.E. Thomas Costabile, P.E. Said Jahanmir, Ph.D. Thomas Costabile, P.E. Robert N. Pangborn ASME President (2019–2020) Executive Director/CEO ASME Immediate Past President (2018–2019) Executive Director/CEO Secretary/Treasurer Former Plant Manager ASME Assistant Director for Federal Partnerships SOCIETY ASME GDF Suez, now ENGIE (Retired) Office of Advanced Manufacturing, NIST OFFICERS Bryan A. Erler, P.E. Todd R. Allen Stuart W. Cameron, CEng John Delli Venneri William Garofalo ASME President-Elect President and Founder Consultant Assistant Secretary/ Chief Financial Officer (2020–2021) Allen Research Tech- Doosan Power Systems General Counsel President/Owner Services, Inc. Erler Engineering Ltd. SENIOR VICE PRESIDENTS Joe R. Fowler, Ph.D., P.E. Robert E. Grimes, P.E. Laura E. Hitchcock Kalan R. Guiley Samuel J. Korellis, P.E. Former President Technical Advisor-Drill Bits Consultant Public Affairs and Outreach Standards and Certification and Co-Founder Product Line Former Senior Standards Specialist and Stress Engineering Services, Baker Hughes Corporate Project Manager Inc. (Retired) The Boeing Company