American Vacuum Society Incorporated
- Assets
- $15.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- 12/1967
- Data as of
- 12/2020
- EIN
- 04-2392373
Organization Overview
American Vacuum Society Incorporated is located in New York, NY. The organization was established in 1967. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2021, American Vacuum Society Incorporated employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Vacuum Society Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, American Vacuum Society Incorporated generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE USE OF VACUUM ENVIRONMENTS FOR BETTERMENT OF SOCIETY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY HOLDS AN ANNUAL SYMPOSIUM THAT ALLOWS THE MEMBERSHIP TO ATTEND VARIOUS WORKSHOPS, CONCURRENT READINGS OF PAPERS, AND MANUFACTURERS EXHIBITS OF EQUIPMENT USED.
THE SOCIETY PRESENTS TECHNICAL SEMINARS ON VARIOUS SUBJECTS RELATING TO VACUUM SCIENCE
CHAPTERS, DIVISIONS AND TECHNICAL GROUPS PERFORMING ACTIVITIES OF THE SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvonne Towse Managing Director | 40 | $209,836 | |
Della Miller Mktg Comm Mngr | 40 | $144,512 | |
Jeannette Degennaro Exhibit/sales Mgr | 40 | $119,303 | |
Keith Mitchell It/web Admin | 40 | $103,351 | |
Amy V Walker Imm Past Pres | OfficerTrustee | 1 | $0 |
David Surman Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,137 |
| Investment income | $328,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $136,752 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,580,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $216,915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,075,316 |
| Pension plan accruals and contributions | $140,718 |
| Other employee benefits | $420,659 |
| Payroll taxes | $90,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,760 |
| Advertising and promotion | $78,546 |
| Office expenses | $19,543 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,758 |
| Travel | $51,759 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $148,827 |
| Insurance | $37,082 |
| All other expenses | $0 |
| Total functional expenses | $3,883,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,218,627 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $371,925 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $260,254 |
| Investments—publicly traded securities | $9,263,023 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,639,477 |
| Accounts payable and accrued expenses | $856,781 |
| Grants payable | $0 |
| Deferred revenue | $988,802 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $317,326 |
| Total liabilities | $2,162,909 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $13,476,568 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Vacuum Society Incorporated has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
American Institute Of Physics Incorporated College Park, MD PURPOSE: SEE PART IV | $10,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hyacinth Foundation A New Jersey Nonprofit Corporation New Brunswick, NJ | $2,127,419 | $9,677,408 |
William & Mary Greve Foundation Inc Norfolk, CT | $26,806,956 | $4,445,583 |
American Vacuum Society Incorporated New York, NY | $15,639,477 | $3,580,323 |
Students 2 Science East Hanover, NJ | $4,913,280 | $4,122,884 |
Art Science Research Laboratory Inc New York, NY | $240,453 | $3,090,633 |
Interaction Institute Boston, MA | $4,627,027 | $4,733,561 |
New York Wine Grape Foundation Penn Yan, NY | $1,037,774 | $2,662,535 |
Fragrance Foundation Inc New York, NY | $4,383,743 | $2,574,957 |
Policy Research Inc Delmar, NY | $614,854 | $1,916,396 |
The Solar Foundation Albany, NY | $0 | $1,336,664 |
Osteoarthritis Research Society International Inc Mount Laurel, NJ | $3,489,953 | $1,360,063 |
Research Institute For Learning And Development Lexington, MA | $900,600 | $1,374,678 |