Society Of Flavor Chemists Inc
- Assets
- $69.2k
- Revenue
- $52.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Neptune, NJ
- Founding
- 11/1975
- Data as of
- 06/2022
- EIN
- 13-2733564
Organization Overview
Society Of Flavor Chemists Inc is located in Neptune, NJ. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Flavor Chemists 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 06/2022, Society Of Flavor Chemists Inc generated $52.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $88.0k during the year ending 06/2022. 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
TO ENGAGE EXCLUSIVELY IN SCIENTIFIC, EDUCATIONAL AND TECHNOLOGICAL INFORMATIONAL ACTIVITIES WITHIN THE MEANING OF 501(C)(3) OF THE INTERNAL REVENUE CODE, DIRECTED TOWARD THE ADVANCEMENT OF THE SCIENCE OF FLAVOR TECHNOLOGY AND FLAVOR ADDITIVES AND THE RELATED ARTS AND SCIENCES; TO ENCOURAGE THE INTERCHANGE OF IDEAS AND PERSONAL CONTACTS BETWEEN PERSONS ENGAGED IN RESEARCH IN THE FIELD OF FLAVOR TECHNOLOGY AND FLAVOR ADDITIVES; TO SPONSOR AND CONDUCT MEETINGS, LECTURES AND SYMPOSIA FOR PERSONS INTERESTED IN (TO INCLUDE THE GENERAL PUBLIC) OR ENGAGED IN RESEARCH IN THIS FIELD; TO DISTRIBUTE MATERIALS RELATED TO THIS FIELD AND TO PUBLISH PRINTED MATTER RELATED TO THE SCIENCE OF FLAVOR TECHNOLOGY AND FLAVOR ADDITIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENGAGE EXCLUSIVELY IN SCIENTIFIC, EDUCATIONAL AND TECHNOLOGICAL INFORMATIONAL ACTIVITIES WITHIN THE MEANING OF 501(C)(3) OF THE INTERNAL REVENUE CODE, DIRECTED TOWARD THE ADVANCEMENT OF THE SCIENCE OF FLAVOR TECHNOLOGY AND FLAVOR ADDITIVES AND THE RELATED ARTS AND SCIENCES; TO ENCOURAGE THE INTERCHANGE OF IDEAS AND PERSONAL CONTACTS BETWEEN PERSONS ENGAGED IN RESEARCH IN THE FIELD OF FLAVOR TECHNOLOGY AND FLAVOR ADDITIVES; TO SPONSOR AND CONDUCT MEETINGS, LECTURES AND SYMPOSIA FOR PERSONS INTERESTED IN (TO INCLUDE THE GENERAL PUBLIC) OR ENGAGED IN RESEARCH IN THIS FIELD; TO DISTRIBUTE MATERIALS RELATED TO THIS FIELD AND TO PUBLISH PRINTED MATTER RELATED TO THE SCIENCE OF FLAVOR TECHNOLOGY AND FLAVOR ADDITIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Williams President | Officer | 5 | $0 |
Bill Aslanides Secretary | Officer | 5 | $0 |
Justin Kozlowski Treasurer | Officer | 5 | $0 |
Paul Ricciardi Chairman | Officer | 5 | $0 |
Cathianne Leonardi Vice President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,250 |
| 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 | $29,250 |
| Total Program Service Revenue | $23,535 |
| Investment income | $2 |
| 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 | $52,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,669 |
| 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 | $16,850 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75 |
| Advertising and promotion | $0 |
| Office expenses | $7,016 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,243 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $88,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,784 |
| Savings and temporary cash investments | $29,367 |
| 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 | $69,151 |
| 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 | $69,151 |
| 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 | $69,151 |
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 |
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 |
American Chemical Society Union Beach, NJ | $1,099,304 | $87,334 |