Electrochemical Society Inc
- Assets
- $20.4m
- Revenue
- $3.7m
- Investments
- $424.0
- Employees
- 23
- Location
- Pennington, NJ
- Founding
- 12/1950
- Data as of
- 12/2020
- EIN
- 13-1771269
Organization Overview
Electrochemical Society Inc is located in Pennington, NJ. The organization was established in 1950. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Electrochemical Society Inc employed 23 individuals. This organization is the central organization for a national or regional group of organizations. Electrochemical Society Inc 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 12/2020, Electrochemical Society Inc generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Electrochemical Society Inc has awarded 23 individual grants totaling $1,110,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY OFFERS MEMBERSHIPS, HOLDS MEETINGS AND SYMPOSIUMS, PUBLISHES SCIENTIFIC PAPERS AND JOURNALS, FOSTERS TRAINING AND EDUCATION OF SCIENTISTS AND ENGINEERS AND COOPERATES WITH OTHER ORGANIZATIONS TO PROMOTE SCIENCE AND TECHNOLOGY IN THE PUBLIC INTEREST.
Describe the Organization's Program Activity:
PUBLISH 4 PEER REVIEW JOURNALS, SYMPOSIUM VOLUMES, MEETING ABSTRACTS,MEMBER MAGAZINES AND MONOGRAPH VOLUMES. ALL PUBLICATIONS WITH THE EXCEPTION OF MONOGRAPH VOLUMES ARE AVAILABLE IN DIGITAL FORM AND AVAILABLE IN THE ECS DIGITAL LIBRARY. CIRCULATE MONTHLY JOURNALS AND QUARTERLY MAGAZINE TO SUBSCRIBERS AND MEMBERS, PUBLISH HARDBOUND AND SOFTBOUND VOLUMES FOR SALES.
SOCIETY MEETINGS: SPONSOR BI-ANNUAL LARGE SCALE CONVENTIONS. ATTENDANCE FROM MEMBERS, NONMEMBERS AND EXHIBITORS AS WELL AS PERIODIC ATTENDANCE AT SATELITE MEETINGS. ATTENDANCE AT VIRTUAL MEETING WAS 4,381 (FALL MEETING) AND 3,686 (SPRING MEETING).
OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Jannuzzi CEO | OfficerTrustee | 37.5 | $302,983 |
Timothy Gamberzky COO | Officer | 37.5 | $237,277 |
John Lewis Dir Of Meetings | 37.5 | $105,264 | |
Turgut Gur Sr VP | OfficerTrustee | 1 | $0 |
Colm O'dwyer 3rd VP | OfficerTrustee | 1 | $0 |
Gessie Brisard Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Convex Technologies Inc It Services | 12/30/21 | $186,698 |
Redeye Inc It Services | 12/30/21 | $205,860 |
Voya Financial Services Financial Services | 12/30/21 | $115,321 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $221,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,848 |
| Total Program Service Revenue | $4,229,239 |
| Investment income | $240,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $169,826 |
| Net Gain/Loss on Asset Sales | -$1,301,043 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,651,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $160,000 |
| Grants and other assistance to domestic individuals. | $36,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $29,390 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $599,374 |
| Compensation of current officers, directors, key employees. | $56,641 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,220,289 |
| Pension plan accruals and contributions | $87,747 |
| Other employee benefits | $182,521 |
| Payroll taxes | $127,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,317 |
| Fees for services: Accounting | $28,533 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,993 |
| Fees for services: Other | $99,650 |
| Advertising and promotion | $45,662 |
| Office expenses | $6,265 |
| Information technology | $882,500 |
| Royalties | $9,947 |
| Occupancy | $79,025 |
| Travel | $21,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $319,238 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $37,101 |
| All other expenses | $220,870 |
| Total functional expenses | $4,742,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,443,507 |
| Savings and temporary cash investments | $436,074 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $260,887 |
| 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 | $174,770 |
| Net Land, buildings, and equipment | $3,973,486 |
| Investments—publicly traded securities | $14,007,177 |
| Investments—other securities | $424 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,130 |
| Total assets | $20,353,455 |
| Accounts payable and accrued expenses | $208,805 |
| Grants payable | $0 |
| Deferred revenue | $1,556,212 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,262 |
| 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 | $53,126 |
| Total liabilities | $1,820,405 |
| Net assets without donor restrictions | $16,795,628 |
| Net assets with donor restrictions | $1,737,422 |
| 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 | $20,353,455 |
Grants Awarded
Over the last fiscal year, Electrochemical Society Inc has awarded $250,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: Young investigator fellowship | $50,000 |
Espanola, NM PURPOSE: Young investigator fellowship | $50,000 |
THE PENNSYLVANIA STATE UNIVER PURPOSE: Young investigator fellowship | $50,000 |
Chicago, IL PURPOSE: Young investigator fellowship | $50,000 |
THE UNIVERSITY OF TENNESSEE PURPOSE: Young investigator fellowship | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Electrochemical Society Inc has recieved totaling $38.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Endowment Analysis
| Beg. Balance | $12,671,965 |
| Earnings | $10,870 |
| Net Contributions | $65,466 |
| Other Expense | -$91,842 |
| Ending Balance | $12,840,143 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Academy Of Sciences New York, NY | $16,349,796 | $18,722,535 |
Illuminating Engineering Society New York, NY | $18,835,076 | $5,095,869 |
Minerals Metals & Materials Society Inc Pittsburgh, PA | $11,544,301 | $7,904,003 |
Acoustical Society Of America Melville, NY | $27,852,210 | $5,622,240 |
Electrochemical Society Inc Pennington, NJ | $20,353,455 | $3,651,549 |
Explorers Club New York, NY | $15,490,739 | $4,443,470 |
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 |
Research And Development Council Of New Jersey Inc Chatham, NJ | $403,134 | $1,265,540 |
Engineers Society Of Western Pennsylvania Pittsburgh, PA | $3,604,129 | $866,768 |
Association Of Scientists & Professional Engineering Personnel Cherry Hill, NJ | $5,723,339 | $1,351,265 |
Women In Bio Inc Pittsburgh, PA | $1,221,476 | $1,239,414 |