American Chemical Society
- Assets
- $271.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Swampscott, MA
- Founding
- 05/1946
- Data as of
- 12/2021
- EIN
- 23-7277677
Organization Overview
American Chemical Society is located in Swampscott, MA. The organization was established in 1946. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Chemical Society 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, American Chemical Society generated $96.9k 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 (4.0%) each year. All expenses for the organization totaled $28.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Ortwine Comp Chair | 3 | $0 | |
Jana Shen Comp Chair Elect | 1 | $0 | |
Seonah Kim Past Comp Chair | 1 | $0 | |
Katrina Lexa Comp Secretary | 2 | $0 | |
Lewis Whitehead Comp Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95 |
| Total Program Service Revenue | $0 |
| Membership dues | $95,797 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,037 |
| Total Revenue | $96,929 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,547 |
| Total expenses | $28,852 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $271,202 |
| Other assets | $0 |
| Total assets | $271,202 |
| Total liabilities | $0 |
| Net assets or fund balances | $271,202 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Chemical Society has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Illuminating Engineering Society New York, NY | $18,835,076 | $5,095,869 |
Acoustical Society Of America Melville, NY | $27,852,210 | $5,622,240 |
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 |
Bioethics International Inc Westport, CT | $369,804 | $800,083 |
American Chemical Society Lexington, MA | $3,110,777 | $393,415 |
The New York State Society Of Professional Engineers Inc Albany, NY | $660,530 | $498,012 |
Gathering For Open Science Hardware Inc Hudson, NY | $474,450 | $283,168 |
American Chemical Society Arlington, MA | $939,388 | $219,914 |