American Institute Of Chemical Engineers
- Assets
- $68.6m
- Revenue
- $51.0m
- Investments
- $0.0
- Employees
- 157
- Location
- New York, NY
- Founding
- 02/1975
- Data as of
- 12/2021
- EIN
- 13-1623892
Organization Overview
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.
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Board, Officers & Key Employees
| 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 |
Outside Vendors & Contractors
| 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 |
The Drink Agency Consultant | 12/30/21 | $144,625 |
Melarbit Partners Consultant | 12/30/21 | $109,656 |
Financial Statements
| 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 |
Grants Recieved
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 |
Endowment Analysis
| Beg. Balance | $4,452,663 |
| Earnings | $414,260 |
| Net Contributions | $782,072 |
| Other Expense | $188,133 |
| Ending Balance | $5,460,862 |
Peer Organizations
| 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 |