Private company

American Society of Mechanical Engineers

Logo: https://www.asme.org/getmedia/9b412ee5-4b88-4348-93c6-bad59d3a2eef/asme_annualreport_2020.pdf, Non-free logo, via Wikipedia³

Mechanical engineering professional society

The American Society of Mechanical Engineers (ASME) is an American professional association that, in its own words, "promotes the art, science, and practice of multidisciplinary engineering and allied sciences around the globe" via "continuing education, training and professional development, codes and standards, research, conferences and publications, government relations, and other forms of outreach.² It was founded by Henry Rossiter Worthington, John Edson Sweet and Alexander Lyman Holley.¹ Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1880Founded¹

HeadquartersNew York City¹
Websitewww.asme.org

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The American Society of Mechanical Engineers (ASME) is an American professional association that, in its own words, "promotes the art, science, and practice of multidisciplinary engineering and allied sciences around the globe" via "continuing education, training and professional development, codes and standards, research, conferences and publications, government relations, and other forms of outreach." ASME is thus an engineering society, a standards organization, a research and development organization, an advocacy organization, a provider of training and education, and a nonprofit organization. Founded as an engineering society focused on mechanical engineering in North America, ASME is today multidisciplinary and global.²

The story

Founded by Alexander Lyman Holley, Henry Rossiter Worthington and John Edson Sweet in 1880.¹

Leadership

Who has led American Society of Mechanical Engineers, and when. Pick a name to see everywhere that person has worked.

Chair

Calvin W. Rice1906–1934

197019801990200020102020

FounderAlexander Lyman Holley¹
FounderHenry Rossiter Worthington¹
FounderJohn Edson Sweet¹
ChairCalvin W. Rice 1906 to 1934¹
ChairMadiha Kotb¹

Controversies and legal

Controversy

In 1982, ASME was found to be the first non-profit organization to in violation of the Sherman Antitrust Act. The United States Supreme Court found the organization liable for more than $6 million in American Society of Mechanical Engineers v. Hydrolevel Corp.

From Wikipedia’s article on American Society of Mechanical Engineers, shared under CC BY-SA 4.0.⁴

Timeline

1880Founded Founded¹

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$9.3M 2020–2020

PPP loans $9.3M

Figures by year

Year	PPP loans	Total
2020	$9.3M	$9.3M

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA⁵. Matched to this company by name and state.

Apr 14, 2020$9.3M PPP loan (first draw) from JPMorgan Chase Bank, National Association⁵To THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS, New York NY; $9.4M forgiven Jun 11, 2021

Sources

The numbers on this page point here. Each one links to the record it came from.