| Dues and Service Charges | |
|---|---|
| Q: | Why have dues? |
| A: | Many of ASME's major activities are totally self-supporting. Others, however, must be partially financed from dues and other income, including section and technical-division support, government relations, research, career guidance and direct services to members. |
| Q: | What portion of ASME revenue is represented by dues? |
| A: | Less than 15% of the Societies income is reflected in dues. Dues income is used to support Member Affairs activities including funding to local sections and student sections programs and activities; five regional offices; a central operation; a portion of dues income supports the general fund which helps to offset expenses related to ME magazine, the Washington Office and other activities. Other key sources of income include continuing education courses, technical publication and advertising sales, meetings and exhibits, and, of course, the publication sales of Codes and Standards and its accreditation program revenue. |
| Q: | How are the current dues set? |
| A: | The Board of Governors (BOG) set the dues based on the CPI (Consumer Price Index). |
| Q: | What percentage of ASME's dues are used for Lobbying? |
| A: | ASME estimates that 0.503% of your dues are not deductible because of ASME's lobbying activities on behalf of its members. ASME recommends that you contact your accountant for tax advice. |
| Q: | How do ASME's dues compare with those of other engineering societies? |
| A: | A comparison with those of 12 other engineering societies shows that seven have higher annual dues; in fact, many charge technical-division fees, as well as local, regional, chapter or section fees. |
| Q: | Are my ASME membership dues deductible? |
| A: | ASME dues are not deductible as a charitable contribution for federal income tax purposes, but may be deductible as a business expense. ASME estimates that 0.503% of your dues are not deductible because of ASME's lobbying activities on behalf of its members. ASME recommends that you contact your accountant for tax advice. |
| Q: | Is my contribution to the ASME Development fund tax deductible? |
| A: | Yes, 100% of your donation to the ASME Development fund is tax deductible. |
| Q: | My spouse and I are both members of ASME. Are we eligible for a Same Household Discount? |
| A: | For households with 2 or more corporate members, the combined dues may be reduced by the portion of one member's dues attributed to the Mechanical Engineering ($32) upon written request or email to the Manager, Individual Support at beckj@asme.org |
| Q: | Does ASME prorate membership dues during the membership year? |
| A: | ASME's membership year runs from October 1 through September 30 of the following year. Membership dues are prorated/discounted when joining between January through May. |
| Q: | How can a member make a one-time dues payment for their membership? |
| A: | Just go to https://secure.asme.org/lifememb/request.cfm to complete a Pre-Paid Life Membership Quote Request to find out. |