American Society Of Perfumers Inc
- Assets
- $243.6k
- Revenue
- $41.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Piscataway, NJ
- Founding
- 05/1982
- Data as of
- 12/2023
- EIN
- 22-2392465
Organization Overview
American Society Of Perfumers Inc is located in Piscataway, NJ. The organization was established in 1982. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society Of Perfumers Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, American Society Of Perfumers Inc generated $41.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $144.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO UPHOLD THE HIGH STANDARDS OF PROFESSIONAL PERFUMERY IN THE U.S. WHILE REPRESENTING OUR MEMBERS INTERNATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HOST ANNUAL MEETINGS AND SPONSOR EVENTS TO PROMOTE PUBLIC ENGAGEMENT WITH THE FRAGRANCE INDUSTRY IN THE U.S. OUR ACTIVE ROLE AS PRESENTER OF THE WORLD PERFUMERY CONGRESS, A BI-ANNUAL INTERNATIONAL NETWORKING AND EDUCATIONAL EVENT, CONNECTS THE ASP'S MEMBERS AND OUR IDEAS WITH THE GLOBAL FRAGRANCE COMMUNITY.OUR CURRENT MEMBERSHIP IS APPROXIMATELY THREE HUNDRED PROFESSIONAL PERFUMERS, ALL BASED IN U.S.OUR MEMBERSHIP REPRESENTS A DIVERSE ARRAY OF PROFESSIONAL PERFUMERS. WITH VARYING BACKGROUNDS AND INTERESTS, WE SHARE A COMMITMENT AND COMMONALITY OF SKILLS THAT BRINGS US TOGETHER. HAVING SPENT YEARS EXPERIMENTING WITH THOUSANDS OF RAW MATERIALS INCLUDING ESSENTIAL OILS, AROMATIC CHEMICALS, NATURAL ISOLATES, GUMS, AND RESINS, OUR PROFESSIONAL PERFUMER-MEMBERS HAVE DEVELOPED A UNIQUE AND HIGHLY SPECIALIZED CRAFT THAT COMBINES ART AND SCIENCE TO DELIVER A FRAGRANCE THAT'S READY TO USE IN ANY APPLICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Krivda President | OfficerTrustee | 10 | $2,500 |
Vincent Kuczinski Chairperson | OfficerTrustee | 5 | $1,500 |
Christopher Diienno Vice President | OfficerTrustee | 5 | $1,500 |
Lionel Nesbitt Secretary | OfficerTrustee | 5 | $1,500 |
John Gamba Treasurer | OfficerTrustee | 5 | $1,500 |
Darryl DO Alternate Director | Trustee | 2 | $500 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,750 |
| Investment income | $8,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,522 |
| Net Income from Fundraising Events | $505 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,198 |
| 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. | $14,000 |
| 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 | $25,800 |
| Fees for services: Legal | $1,933 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,677 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,119 |
| Office expenses | $4,164 |
| Information technology | $5,555 |
| Royalties | $0 |
| Occupancy | $1,650 |
| Travel | $31,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,660 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,371 |
| All other expenses | $0 |
| Total functional expenses | $144,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,933 |
| Savings and temporary cash investments | $5,706 |
| 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 | $225,941 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $243,580 |
| 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 | $0 |
| 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 | $243,580 |
| Total liabilities and net assets/fund balances | $243,580 |