Society Of Cosmetic Chemists
- Assets
- $2.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 04/1986
- Data as of
- 12/2021
- EIN
- 13-1976655
Organization Overview
Society Of Cosmetic Chemists is located in New York, NY. The organization was established in 1986. 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, Society Of Cosmetic Chemists employed 7 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Society Of Cosmetic Chemists 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, Society Of Cosmetic Chemists generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 1.9% 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.
Since 2017, Society Of Cosmetic Chemists has awarded 16 individual grants totaling $109,730. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION: TO ADVANCE COSMETIC SCIENCETHE SOCIETY STRIVES TO INCREASE AND DISSEMINATE SCIENTIFIC INFORMATION THROUGH MEETINGS AND PUBLICATIONS. BY PROMOTING RESEARCH IN COSMETIC SCIENCE AND INDUSTRY, AND BY SETTING HIGH ETHICAL, PROFESSIONAL AND EDUCATIONAL STANDARDS, WE IMPROVE THE QUALIFICATIONS AND CALIBER OF COSMETIC SCIENTISTS.
Describe the Organization's Program Activity:
THE JOURNAL OF COSMETIC SCIENCE PUBLISHES TECHNICAL PAPERS AND IS DISTRIBUTED TO ALL MEMBERS AND NON-MEMBER SUBSCRIBERS.
SEMINAR MEETING, ANNUAL SCIENTIFIC MEETINGS, IFSCC CONGRESS MEETINGS, OUTREACH, COLLABORATION EVENT, MONOGRAPHS AND CONTINUING EDUCATION PROGRAMS.
MEMBERSHIP AND CHAPTER AWARDS.
CONTINUING EDUCATION PROGRAM, INDUSTRY PROVIDER DIRECTORY LISTING AND OTHER REIMBURSEMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica O'grady Executive Dir. | Trustee | 40 | $137,545 |
Liz Streland President | OfficerTrustee | 5 | $0 |
Michelle Hines Vice President | OfficerTrustee | 5 | $0 |
Yulia Park Secretary | OfficerTrustee | 5 | $0 |
Karen Chun Treasurer | OfficerTrustee | 2 | $0 |
Mindy Goldstein Immediate Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $211,715 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $337,303 |
| Total Program Service Revenue | $1,272,843 |
| Investment income | $32,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $79,058 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,831,767 |
| 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. | $137,545 |
| Compensation of current officers, directors, key employees. | $82,527 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $342,627 |
| Pension plan accruals and contributions | $41,652 |
| Other employee benefits | $69,071 |
| Payroll taxes | $38,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,601 |
| Fees for services: Accounting | $33,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,265 |
| Office expenses | $13,123 |
| Information technology | $91,452 |
| Royalties | $0 |
| Occupancy | $148,015 |
| Travel | $30,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,110 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,754 |
| Insurance | $13,177 |
| All other expenses | $0 |
| Total functional expenses | $1,972,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,159 |
| Savings and temporary cash investments | $106,774 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $174,294 |
| 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 | $60,063 |
| Net Land, buildings, and equipment | $83,507 |
| Investments—publicly traded securities | $1,517,590 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,038,387 |
| Accounts payable and accrued expenses | $441,372 |
| Grants payable | $0 |
| Deferred revenue | $483,406 |
| 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 | $57,428 |
| Other liabilities | $100,307 |
| Total liabilities | $1,082,513 |
| Net assets without donor restrictions | $955,874 |
| 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 | $2,038,387 |
Grants Awarded
Over the last fiscal year, Society Of Cosmetic Chemists has awarded $19,317 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: Rebated and Subsidized Course | $7,518 |
Mount Freedom, NJ PURPOSE: Rebates | $6,174 |
Memphis, TN PURPOSE: Rebates and Subsidized Course | $5,625 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Society Of Cosmetic Chemists has recieved totaling $34.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Academy Of Sciences New York, NY | $16,349,796 | $18,722,535 |
American Meteorological Society Boston, MA | $23,955,564 | $17,020,268 |
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 |
Igem Foundation Inc Cambridge, MA | $4,229,953 | $5,084,700 |
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 |
Prpl Foundation Inc Wakefield, MA | $4,671,273 | $795,026 |
Research And Development Council Of New Jersey Inc Chatham, NJ | $403,134 | $1,265,540 |