Chemists Club
- Assets
- $19.6k
- Revenue
- $102.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1964
- Data as of
- 03/2022
- EIN
- 13-1623933
Organization Overview
Chemists Club is located in New York, NY. The organization was established in 1964. According to its NTEE Classification (U33) the organization is classified as: Chemistry & Chemical Engineering, 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. Chemists Club 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 03/2022, Chemists Club generated $102.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $84.3k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION OF THE INSTRUCTION, PRACTICE AND UNDERSTANDING OF CHEMISTY, CHEMICAL ENGINEERING AND OTHER CHEMICAL-RELATED SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL RECEPTION & DINNER - EGGNOG RECEPTION AND HOLIDAY PARTY. STUDENTS FROM COLLEGES & UNIVERSITIES AROUND THE NEW YORK CITY AREA ARE INVITED BY THE CLUB TO ATTEND THE CHEMISTS' CLUB ANNUAL EGGNOG EVENT, HELD IN MANHATTAN. THE EVENT BRINGS TOGETHER MEMBERS OF THE PAST, PRESENT, AND FUTURE GENERATIONS OF CHEMISTS & ENGINEERS. THE EVENT ALSO FEATURES CLOSING CEREMONIES OF THE INTERNATIONAL YEAR OF CHEMISTRY. AT THIS EVENT THE WINTHROP-SEARS MEDAL IS AWARDED TO AN OUTSTANDING ENTREPENEUR IN THE CHEMICAL OR LIFE SCIENCES INDUSTRY.
ICIS KAVALER AWARD EVENT - IS A JOINT PROGRAM OF THE CLUB AND ICIS PUBLISHING. THIS AWARD IS PRESENTED AT A FORMAL DINNER IN MANHATTAN. HELD ANNUALLY, THE AWARD & EVENT HONORS THE MEMORY OF ARTHUR KAVALER, A LONG TIME CLUB MEMBER AND PROMINENT JOURNALIST COVERING THE CHEMICAL INDUSTRY. THE WINNER IS SELECTED BY THE TOP 40 CHEMICAL EXECUTIVES AS RECOGNIZED EACH YEAR BY ICIS.
THE RACEMICS LUNCHEON - IS A JOINT EVENT FOR INFORMATIONAL AND NETWORKING PURPOSES. STUDENTS ARE INVITED TO ATTEND THE EVENT TO INCREASE AWARENESS OF STEM-RELATED INDUSTRIES AND ADVANCE THROUGH CAREER OPPORTUNITIES.
ANNUAL GENERAL MEETINGS AND LUNCHEONS HELD THROUGHOUT THE YEAR WITH VARIOUS GUEST SPEAKERS. HELD AT VARIOUS COLLEGES AND UNIVERSITIES THROUGHOUT THE NEW YORK AREA. ON CAMPUS EVENTS HELD THROUGHOUT THE YEAR ON VARIOUS COLLEGE CAMPUSES IN AND AROUND NEW YORK CITY. THESE EVENTS ARE HELD TO PROMOTE THE CURRENT STUDENTS' INTEREST IN THE FIELD OF CHEMISTRY AND CHEMICAL ENGINEERING. STUDENTS ARE ENCOURAGED TO DEVELOP RELATIONSHIPS WITH CURRENT MEMBERS IN THE CLUB. ANHEUSER BUSCH BREWERY TOUR EVENTS ARE HELD TO PROMOTE THE CURRENT STUDENTS' INTEREST IN THE FIELD OF CHEMISTRY AND CHEMICAL ENGINEERING. STUDENTS ARE ENCOURAGED TO DEVELOP RELATIONSHIPS WITH CURRENT MEMBERS IN THE CLUB. THE MORRIS LOEB MEMORIAL DINNER IS HELD ANNUALLY TO COMMEMORATE THE CHEMISTS' CLUB'S FOUNDER, MORRIS LOEB, AND IS ATTENDED BY THE MEMBERS IN THE CLUB. THE FALL SOIREE EVENT WAS HELD AT THE EUGENE WHERE STEM PROFESSIONALS AND STUDENTS WERE PROVIDED NETWORKING OPPORTUNITIES, THROUGH A VAST AND DIVERSE LIST OF ATTENDEES THAT HAD VARYING EXPERIENCE LEVELS, EDUCATIONAL BACKGROUNDS, DISCIPLINES, AND INDUSTRY FOCUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Roland Stefandl President | Officer | 25 | $0 |
Rob Leimkuhler Vice Preside | Officer | 15 | $0 |
Courtney Flood Vice Preside | Officer | 15 | $0 |
Jay Thompson Vice Preside | Officer | 15 | $0 |
Angelo Campanella Treasurer | Officer | 8 | $0 |
Joel Jones Honorary Boa | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $391 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391 |
| Total Program Service Revenue | $72,057 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,672 |
| 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 | $18,096 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $4,715 |
| Total functional expenses | $84,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,563 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,563 |
| 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 | $19,563 |
| 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 | $19,563 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chemists Club has recieved totaling $33,200.
| Awarding Organization | Amount |
|---|---|
Joseph L K Snyder Tr Uw 0115574 Fbo Gertrude M Conroy & Anna D Snyder Pittsburgh, PA PURPOSE: GENERAL OPERATING SUPPORT | $33,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
American Chemical Society Philadelphia, PA | $785,496 | $122,929 |