American Oil Chemists Society

Organization Overview

American Oil Chemists Society, operating under the name Aocs, is located in Urbana, IL. The organization was established in 1965. According to its NTEE Classification (U33) the organization is classified as: Chemistry & Chemical Engineering, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Aocs employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aocs 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, Aocs generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AOCS ADVANCES THE SCIENCE AND TECHNOLOGY OF OILS, FATS, PROTEINS, SURFACTANTS AND RELATED MATERIALS, ENRICHING THE LIVES OF PEOPLE EVERYWHERE.

Describe the Organization's Program Activity:

EDUCATION/MEETINGS & CONFERENCE-ANNUAL MEETINGS, WORLD CONFERENCE AND OTHER SHORT COURSES FOR EDUCATION AND NETWORKING.


TECHNICAL DEPARTMENT - EXPENSES FOR PROFESSIONAL ACTIVITIES RELATED TO TESTING MATERIALS AND OTHER TECHNICAL PROGRAMS AND PUBLICATION OF TECHNICAL METHODS OF ANALYSIS.


PUBLICATIONS - MONTHLY PUBLICATIONS OF JOURNAL OF AMERICAN OIL CHEMISTS, JOURNAL OF SURFACTANTS AND DETERGENTS, INFORM MAGAZINE, AND LIPIDS JOURNAL, AND MONOGRAPHS


MEMBERSHIP - MEMBERSHIP EXPENSE RELATED TO MEMBER SERVICES


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Board, Officers & Key Employees

Name (title)Compensation
Patrick Donnelly
CEO
$232,723
Scott Bloomer
Chief Science Officer
$145,216
Gloria Cook
Director Of Finance
$110,251
Phil Kerr
President
$0
Grant Mitchell
Treasurer
$0
Gerard Baillely
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mckinley Advisors
Consulting
$155,500
Personify Inc
Software Service
$107,695
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $400,000
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$400,000
Total Program Service Revenue$4,083,827
Investment income $83,235
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $34,042
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,965,547

Endowment Analysis

Beg. Balance$316,711
Earnings$388
Ending Balance$317,099

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