American Institute Of Chemists Inc
- Assets
- $193.7k
- Revenue
- $61.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 02/1976
- Data as of
- 12/2021
- EIN
- 13-1525325
Organization Overview
American Institute Of Chemists Inc is located in Philadelphia, PA. The organization was established in 1976. According to its NTEE Classification (U02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Institute Of Chemists Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, American Institute Of Chemists Inc generated $61.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $43.0k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE CHEMICAL PROFESSIONS IN THE UNITED STATES OF AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL STUDENT AWARDS PROGRAM TO HONOR OUTSTANDING SENIORS, POST-BACCALAUREATE, AND POST-DOCTORAL STUDENTS MAJORING IN CHEMISTRY, CHEMICAL ENGINEERING, OR BIOCHEMISTRY.
"THE CHEMIST" - A PEER-REVIEWED ONLINE PUBLICATION.
AIC WEBSITE WWW.THEAIC.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr David Manuta Chairman | Trustee | 4 | $0 |
Dr W Jeffrey Hurst President | Trustee | 4 | $0 |
Dr J Stephen Duerr Treasurer | Trustee | 4 | $0 |
Dr Ed Malka Secretary | Trustee | 4 | $0 |
Dr Stanley Edinger Director | Trustee | 4 | $0 |
Dr Margot Hall Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,570 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,740 |
| Total Program Service Revenue | $14,730 |
| Investment income | $8,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,331 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,429 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $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 | $22,071 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,866 |
| Advertising and promotion | $0 |
| Office expenses | $212 |
| Information technology | $620 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $43,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,108 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $183,544 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $193,652 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $193,652 |
| 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 | $193,652 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Council Of Engineering Companies Of New York Inc Albany, NY | $2,215,445 | $2,540,731 |
American Council Of Engineering Companies Of Nj Inc Trenton, NJ | $226,368 | $822,831 |
American Institute Of Chemists Inc Philadelphia, PA | $193,652 | $61,429 |
International Environmental Data Rescue Organization Limited Deale, MD | $43,052 | $0 |
Minority Technology Foundation Capitol Heights, MD | $19,190 | $0 |
Jonathan F Reichert Foundation Inc Buffalo, NY | $2,784,945 | $134,464 |
Urban Community Tech Accokeek, MD | $0 | $0 |