American Chemical Society
- Assets
- $3.1m
- Revenue
- $393.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 05/1946
- Data as of
- 12/2021
- EIN
- 04-6037800
Organization Overview
American Chemical Society is located in Lexington, MA. The organization was established in 1946. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Chemical Society 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 12/2021, American Chemical Society generated $393.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $591.9k during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ADVANCEMENT OF CHEMISTRY AND CHEMICAL ENGINEERING THE PROMOTION OF RESEARCH THE IMPROVEMENT OF THE QUALIFICATIONS OF MEMBERS THROUGH HIGH STANDARDS OF EDUCATIONAL AND PROFESSIONAL ETHICS THE INCREASE AND DIFFUSION OF CHEMICAL KNOWLEDGE AND THE PROMOTION OF SCIENTIFIC INTERESTS AND INQUIRY.
Describe the Organization's Program Activity:
MEETINGS & SYMPOSIA: IN ADDITION TO THE 9 REGULAR MONTHLY MEETINGS OF THE SECTION A LARGE NUMBER OF SYMPOSIA CONTINUING EDUCATION AND SPECIAL TOPICS MEETINGS ARE SPONSORED BY THE SECTION. THESE INCLUDE AN EXCHANGE PROGRAM WITH THE GERMAN CHEMICAL SOCIETY WHICH ALTERNATES BETWEEN THE US AND GERMANY IN BRINGING STUDENTS TOGETHER TO SHARE THEIR RESEARCH PROJECTS; AN ACTIVE YOUNGER CHEMISTS COMMITTEE SPONSORS AN ANNUAL CAREER SYMPOSIUM AND A RESEARCH CONFERENCE ATTENDED BY STUDENTS FROM AROUND NEW ENGLAND; SEVERAL SYMPOSIA FOR SCIENTISTS FROM BIOTECHNOLOGY AND PHARMACEUTICAL INDUSTRIES IN THE AREA; AND MEETINGS DURING EARTH DAY AND NATIONAL CHEMISTRY WEEK WHICH ENCOURAGE THE PUBLIC TO VIEW CHEMICAL DEMONSTRATIONS AND INVOLVE STUDENTS IN EXPLORING CHEMICAL PHENOMENA. SPECIAL REGIONAL MEETINGS ARE USED TO REACH PORTIONS OF THE MEMBERSHIP THAT ARE OUTSIDE OF THE IMMEDIATE BOSTON AREA.
AWARDS PROGRAM: THE SECTION'S AWARDS PROGRAM INCLUDES THE RECOGNITION OF STUDENTS AT EVERY GRADE LEVEL FROM PRIMARY SCHOOL THROUGH GRADUATE SCHOOL. HIGH SCHOOL COLLEGE AND UNIVERSITY TEACHERS ARE RECOGNIZED FOR OUTSTANDING TEACHING ABILITIES AND LONG SERVICE AS PRESENTED IN NOMINATIONS FOR THE AWARDS. SECTION MEMBERS ARE RECOGNIZED FOR SERVICE TO THE SECTION AND TO THE NATIONAL AMERICAN CHEMICAL SOCIETY. OUTSTANDING CHEMISTS ARE RECOGNIZED FOR ACHIEVEMENTS IN RESEARCH AND IN PROMOTING THE BENEFITS OF CHEMISTRY TO SOCIETY AT LARGE. THE SECTION SPONSORS STUDENTS IN THE ACS PROJECT SEED ACTIVITIES TO INVOLVE ECONOMICALLY DISADVANTAGED HIGH SCHOOL STUDENTS IN COLLEGE AND UNIVERSITY RESEARCH SUPPORTS THE ACS SCHOLARS PROGRAM FOR COLLEGE STUDENTS AND RECOGNIZES EXCELLENCE IN UNDERGRADUATE AND GRADUATE STUDENT RESEARCH PRESENTATIONS.
PUBLICATIONS: THE SECTION PUBLISHES THE NUCLEUS 9 TIMES PER YEAR WITH AN ELECTRONIC CIRCULATION OF APPROXIMATELY 6000 OF THE NORTHEASTERN SECTION'S MEMBERS IN EASTERN MASSACHUSETTS AND NEW HAMPSHIRE. THE NUCLEUS HAS BEEN RECOGNIZED AS ONE OF BEST PUBLICATIONS BY A LOCAL SECTION OF THE ACS. THE BOARD OF PUBLICATIONS IS ALSO RESPONSIBLE FOR THE DESIGN AND MAINTENANCE OF THE SECTION'S WEB SITE AT WWW.NESACS.ORG AND IMPLEMENTS PROCEDURES FOR WEB STREAMING OF MANY SECTION MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Mulrooney Chair Elect 2021 | OfficerTrustee | 3 | $0 |
Raj Sb Rajur Chair - 2021 | OfficerTrustee | 3 | $0 |
Ashis Saha Treasurer | OfficerTrustee | 3 | $0 |
Michael Singer Secretary | OfficerTrustee | 3 | $0 |
Anna Sromek Past Chair 2021 | OfficerTrustee | 3 | $0 |
John Burke Director-At-Large | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $72,310 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,879 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,189 |
| Total Program Service Revenue | $18,014 |
| Investment income | $119,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $393,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,000 |
| Grants and other assistance to domestic individuals. | $12,475 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $17,092 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,088 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,868 |
| Interest | $0 |
| Payments to affiliates | $400,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $591,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $396,228 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,863 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,710,686 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,110,777 |
| Accounts payable and accrued expenses | $20,484 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $20,484 |
| Net assets without donor restrictions | $3,090,293 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,110,777 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Chemical Society has recieved totaling $13,151.
| Awarding Organization | Amount |
|---|---|
Boston Foundation Inc Boston, MA PURPOSE: Operating Support/Annual Fund | $13,151 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Computing Machinery Inc New York, NY | $180,885,528 | $72,176,631 |
American Mathematical Society Providence, RI | $260,729,239 | $32,058,394 |
New York Academy Of Sciences New York, NY | $16,349,796 | $18,722,535 |
American Meteorological Society Boston, MA | $23,955,564 | $17,020,268 |
Illuminating Engineering Society New York, NY | $18,835,076 | $5,095,869 |
Acoustical Society Of America Melville, NY | $27,852,210 | $5,622,240 |
Explorers Club New York, NY | $15,490,739 | $4,443,470 |
Igem Foundation Inc Cambridge, MA | $4,229,953 | $5,084,700 |
Society Of Cosmetic Chemists New York, NY | $2,038,387 | $1,831,767 |
Guild Of Future Architects Foundation West Th Street, NY | $810,502 | $1,697,027 |
Prpl Foundation Inc Wakefield, MA | $4,671,273 | $795,026 |
Bioethics International Inc Westport, CT | $369,804 | $800,083 |