American Institute Of Chemical Engineers is located in New York, NY. The organization was established in 1975. According to its NTEE Classification (U33) the organization is classified as: Chemistry & Chemical Engineering, under the broad grouping of Science & Technology and related organizations. As of 12/2021, American Institute Of Chemical Engineers employed 157 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Institute Of Chemical Engineers 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 Institute Of Chemical Engineers generated $51.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $43.7m during the year ending 12/2021. While expenses have increased by 8.4% 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
TO INSPIRE A SAFE, CONNECTED, AND INCLUSIVE COMMUNITY DOING A WORLD OF GOOD AS:- THE GLOBAL LEADER OF THE CHEMICAL ENGINEERING PROFESSION- THE CENTER FOR LIFELONG PROFESSIONAL AND PERSONAL GROWTH- THE FOREMOST CATALYST IN APPLYING OUR EXPERTISE TO SUSTAINABLY MEET SOCIETAL NEEDS.
Describe the Organization's Program Activity:
INDUSTRY TECHNOLOGY GROUPS - TO ALLOW INDUSTRY, ACADEMIA AND GOVERNMENT REPRESENTATIVES TO COLLABORATE AND LEVERAGE RESOURCES FOR RESEARCH TECHNOLOGY TRANSFER AND OTHER ACTIVITIES. THE ABOVE REVENUE EXCLUDES REVENUES FROM CHARITABLE CONTRIBUTIONS AND GRANTS OF $13,865,701 REPORTED IN PART VIII, LINE 1, EXCLUDES ROYALTIES OF $340,497 REPORTED IN PART VIII, LINE 5.
MEETINGS & TECHNICAL PROGRAMMING - TO CONDUCT TECHNICAL MEETINGS, CONFERENCES, AND EXHIBITS IN VARIOUS LOCATIONS IN ORDER TO PROMOTE OPEN EXCHANGE OF CHEMICAL ENGINEERING CONCEPTS. THE ABOVE REVENE EXCLUDES REVENUES FROM CHARITABLE CONTRIBUTIONS AND GRANTS OF $6,887 REPORTED IN PART VIII, LINE 1
MEMBERSHIP - TO PROVIDE A FOUNDATION FOR AICHE MEMBERS TO KEEP CURRENT, CONNECTED, AND SECURE THROUGHOUT THEIR CAREERS. AICHE PRODUCES A JOURNAL (CHEMICAL ENGINEERING PROGRESS) WHICH PROVIDES ESSENTIAL TECHNICAL AND PROFESSIONAL INFORMATION TO PRACTICING CHEMICAL ENGINEERS. THE ABOVE REVENUE EXCLUDES REVENUES FROM CHARITABLE CONTRIBUTIONS AND GRANTS OF $41,878 REPORTED IN PART VIII, LINE 1, AND EXCLUDES ADVERTISING REVENUES OF $57,276 REPORTED ON PART VIII, LINE 2F.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
June C Wispelwey Executive Director & CEO | Officer | 40 | $555,999 |
Shakeel Kadri Executive Director & Ceo, Ccps | Officer | 40 | $410,984 |
Darlene Schuster Chief Of Technical Ops | Officer | 40 | $377,567 |
William J Grieco Chief Exec. Officer, Rapid | Officer | 40 | $341,799 |
Barbara Valentine Chief Financial Officer | Officer | 40 | $291,653 |
Cathy Diana Chief Of Administration | Officer | 40 | $267,845 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Vfairs Llc Virtual Events Platform | 12/30/21 | $165,115 |
Sandra L Sidey Consultant | 12/30/21 | $161,434 |
Melarbit Partners Consultant | 12/30/21 | $109,656 |
The Drink Agency Consultant | 12/30/21 | $144,625 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $485,700 |
Related organizations | $0 |
Government grants | $16,367,334 |
All other contributions, gifts, grants, and similar amounts not included above | $8,217,445 |
Noncash contributions included in lines 1a–1f | $62,783 |
Total Revenue from Contributions, Gifts, Grants & Similar | $25,070,479 |
Total Program Service Revenue | $21,427,898 |
Investment income | $1,126,057 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $1,978,355 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,400,811 |
Net Income from Fundraising Events | -$22,686 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $50,980,914 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $1,221,799 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $3,255,051 |
Compensation of current officers, directors, key employees. | $1,555,574 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $11,460,778 |
Pension plan accruals and contributions | $1,466,683 |
Other employee benefits | $1,504,806 |
Payroll taxes | $937,918 |
Fees for services: Management | $0 |
Fees for services: Legal | $86,121 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $58,000 |
Fees for services: Investment Management | $97,589 |
Fees for services: Other | $4,827,907 |
Advertising and promotion | $338,668 |
Office expenses | $1,170,924 |
Information technology | $421,683 |
Royalties | $22,895 |
Occupancy | $698,152 |
Travel | $351,468 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $808,205 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $987,764 |
Insurance | $145,741 |
All other expenses | $0 |
Total functional expenses | $43,740,857 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,210,004 |
Savings and temporary cash investments | $858,281 |
Pledges and grants receivable | $12,332,569 |
Accounts receivable, net | $7,602,177 |
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 | $1,191,818 |
Net Land, buildings, and equipment | $2,492,520 |
Investments—publicly traded securities | $38,663,784 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $223,871 |
Total assets | $68,575,024 |
Accounts payable and accrued expenses | $8,676,037 |
Grants payable | $0 |
Deferred revenue | $3,869,258 |
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 | $2,826,701 |
Total liabilities | $15,371,996 |
Net assets without donor restrictions | $29,746,069 |
Net assets with donor restrictions | $23,456,959 |
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 | $68,575,024 |
Over the last fiscal year, we have identified 10 grants that American Institute Of Chemical Engineers has recieved totaling $423,123.
Awarding Organization | Amount |
---|---|
American Endowment Foundation Hudson, OH PURPOSE: PUBLIC AFFAIRS | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $74,847 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $52,334 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $52,334 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $51,515 |
Foundation For Chemistry Research And Initiatives Washington, DC PURPOSE: SUPPORTING 2021 FUTURE OF STEM SCHOLARS (FOSSI) | $48,000 |
Beg. Balance | $4,452,663 |
Earnings | $414,260 |
Net Contributions | $782,072 |
Other Expense | $188,133 |
Ending Balance | $5,460,862 |
Organization Name | Assets | Revenue |
---|---|---|
American Institute Of Chemical Engineers New York, NY | $68,575,024 | $50,980,914 |
Science History Institute Philadelphia, PA | $39,869,660 | $7,703,716 |
Polymer Processing Institute At Njit University Heights New, NJ | $4,651,810 | $5,118,235 |
Chemical Industry Council Of New Jersey Trenton, NJ | $3,322,735 | $1,581,990 |
International Society For Clinical Densitometry Inc Middletown, CT | $2,620,200 | $1,337,670 |
American Chemical Society Jamaica, NY | $897,419 | $145,505 |
Center For Powder Metallurgy Technology Princeton, NJ | $1,724,181 | $97,138 |
National Registry Of Certified Chemists West Grove, PA | $144,513 | $0 |
Society Of Flavor Chemists Inc Neptune, NJ | $69,151 | $52,787 |
Chemists Club New York, NY | $19,563 | $102,672 |
National Association Of Scientific Materials Managers Scranton, PA | $377,335 | $0 |
Catalysis Society Of Metropolitan New Yor Inc Piscataway, NJ | $148,510 | $0 |