Asm Materials Education Foundation
Nonprofit profile at a glance
- EIN
- 346541397
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Materials Park, OH, USA
- Phone
- 4403385151
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $2,322,212
- Expenses
- $1,587,051
- Assets
- $17,610,768
- Liabilities
- $140,396
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Highest reported compensation
- MS CARRIE L WILSON (SECRETARY/EXECUTIVE DIR): $260,892 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Created in 1952, the asm materials education foundation mission is to develop and deploy materials science content and hands-on, minds-on instructional strategies to inspire, engage, and empower future generations to create stem solutions for 21st century challenges. Programs and services are provided for k-12 students and teachers as well as undergraduate students.
What it reported doing in 2024
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 21,000 students and 15,000 teachers since inception. The program involves 40+ hours of hands-on lab instruction over five days, both in residential and commuter formats. All teachers participate at no cost to them and receive supplies to take back to their classrooms. The general public benefits from an informed public and the science and engineering fields benefit from an increased number of young adults choosing these career paths.
Operating model
- Revenue model
- Donor-supported. 62% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 80% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 71
- Accountability: 96
- Sustainability: 86
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.8%; rating input score 89
- Program expense ratio: 61.9%; rating input score 62
- Fundraising efficiency: $2.63 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.1%; rating input score 94; 24th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 31.7%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 11.1; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 87; 87th percentile among comparable filings
- Officer compensation ratio: 2.8%; rating input score 70; 70th percentile among comparable filings
Growth
- Program expense growth: -3.4% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 25th percentile among comparable filings
Details
- Where the money goes: 88.8% of revenue deployed · 61.9% of spending went to programs
- Governance: 16 of 17 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $983K in reported program spending
- Leadership: top reported pay $261K · 18 people listed · 0 of 6 pay-setting controls reported
- Consistency: 25 of 25 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 7/100.
- High — Growth: Program expense growth scored 0/100.