Controlled Release Society Inc
- Assets
- $2.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Laurel, NJ
- Founding
- 11/1979
- Data as of
- 12/2021
- EIN
- 31-0940935
Organization Overview
Controlled Release Society Inc is located in Mount Laurel, NJ. The organization was established in 1979. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Controlled Release 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 12/2021, Controlled Release Society Inc generated $1.1m 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 (5.9%) each year. All expenses for the organization totaled $946.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CRS IS DEDICATED TO ADVANCING THE CONTROLLED DELIVERY OF CHEMICAL AND BIOLOGICAL SUBSTANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES, SPECIAL INTEREST GROUPS, AND WORKSHOPS PROVIDE A FORUM FOR EDUCATIONAL EXCHANGE OF INFORMATION ON THE SCIENCE OF BIOACTIVES.
MEMBER SERVICES PROVIDES INTERACTION TO OVER 1,400 SCIENTISTS WORLD WIDE OF WHICH 40% ARE FROM INDUSTRY AND 60% ARE FROM ACADEMIA AND GOVERNMENT.
JOURNALS AND PUBLICATIONS ALLOW FOR THE DISSEMINATION OF INFORMATION ON BIOACTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvonne Perrie President (until 7/31/2021) | OfficerTrustee | 10 | $0 |
Ben Boyd President Elect (until 7/31/2021) | OfficerTrustee | 5 | $0 |
Justin Hanes Past President (until 7/31/2021) | OfficerTrustee | 5 | $0 |
Christine Allen President Elect (from 8/1/2021) | OfficerTrustee | 5 | $0 |
Maria Teresa Peracchia Treasurer (from 8/1/2021) | OfficerTrustee | 5 | $0 |
Cornell Stamoran Treasurer (until 7/31/2021) | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ims Technology Services Inc Virtual Meeting Solutions | 12/30/21 | $121,019 |
Association Headquarters Inc Management Services | 12/30/21 | $630,179 |
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 | $30,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,032 |
| Total Program Service Revenue | $995,315 |
| Investment income | $41,402 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,884 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,134,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,850 |
| Grants and other assistance to Foreign Orgs/Individuals | $14,538 |
| 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 | $492,342 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,609 |
| Fees for services: Other | $10,280 |
| Advertising and promotion | $112,351 |
| Office expenses | $26,404 |
| Information technology | $1,912 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,848 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,632 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $946,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,310 |
| Savings and temporary cash investments | $43,135 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,546 |
| 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 | $84,784 |
| Net Land, buildings, and equipment | $3,889 |
| Investments—publicly traded securities | $2,050,957 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,424,621 |
| Accounts payable and accrued expenses | $30,094 |
| Grants payable | $0 |
| Deferred revenue | $264,155 |
| 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 | $294,249 |
| Net assets without donor restrictions | $2,080,112 |
| Net assets with donor restrictions | $50,260 |
| 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 | $2,424,621 |
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|---|---|---|
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Air And Waste Management Association Pittsburgh, PA | $2,555,712 | $1,893,265 |
Weconservepa Harrisburg, PA | $2,011,850 | $1,458,925 |
Controlled Release Society Inc Mount Laurel, NJ | $2,424,621 | $1,134,109 |
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