American Chemical Society
- Assets
- $2.1m
- Revenue
- $148.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Park Ridge, IL
- Founding
- 05/1939
- Data as of
- 12/2021
- EIN
- 36-2287522
Organization Overview
American Chemical Society is located in Park Ridge, IL. The organization was established in 1939. 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, American Chemical Society employed 2 individuals. 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 $148.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $126.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) 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
THE MISSION OF THE CHICAGO SECTION OF THE ACS IS TO ENCOURAGE THE ADVANCEMENT OF CHEMICAL SCIENCES AND THEIR PRACTIONERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSERS AN ANNUAL EXAMINATION IN CHEMISTRY. THE EXAMINATION IS OPEN TO ALL HIGH SCHOOL STUDENTS. SIX SCHOLARSHIPS WERE AWARDED TO THE STUDENTS.
THE CHEMICAL BULLETIN IS AN OFFICIAL PUBLICATION OF THE ORGANIZATION. IT IS PROVIDED WITHOUT CHARGE TO APPROXIMATELY 4,600 MEMBERS AND OTHER INTERESTED PARTIES ONLINE THROUGH THE ORGANIZATION'S WEBSITE. IT PROVIDES INFORMATION REGARDING MONTHLY EDUCATIONAL PROGRAMS, TOPICAL GROUPS, MEETINGS AND ACTIVITIES TO THOSE WITH AN INTEREST IN THE FIELD OF CHEMISTRY.
PROJECT SEED - THE AMERICAN CHEMICAL SOCIETY'S SOCIAL ACTON PROGRAM THAT PLACES ECONOMICALLY DISADVANTAGED HIGH SCHOOL STUDENTS IN ACADEMIC, INDUSTRIAL AND GOVERNMENTAL RESEARCH LABORATORIES FOR EIGHT-TO-TEN WEEKS DURING THE SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherri Rukes Chair | Officer | 5 | $0 |
Michael Koehler Vice Chair | Officer | 5 | $0 |
Jason Romero Treasurer | Officer | 5 | $0 |
Aleks Baranczak Secretary | Officer | 5 | $0 |
Mark Cesa Chair Elect | Officer | 5 | $0 |
Paul Brandt Past Chair | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,825 |
| Fundraising events | $0 |
| Related organizations | $49,115 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,497 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,437 |
| Total Program Service Revenue | $1,960 |
| Investment income | $51,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,947 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,469 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,200 |
| 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 | $44,814 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,913 |
| Information technology | $1,342 |
| Royalties | $0 |
| Occupancy | $13,742 |
| Travel | $1,650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,397 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,194 |
| All other expenses | $388 |
| Total functional expenses | $126,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,615 |
| Savings and temporary cash investments | $168,123 |
| 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 | $1,282 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,863,707 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,051,727 |
| Accounts payable and accrued expenses | $3,996 |
| Grants payable | $69,900 |
| 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 | $73,896 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $256,430 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,721,401 |
| Total liabilities and net assets/fund balances | $2,051,727 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Chemical Society has recieved totaling $12.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Oil Chemists Society Urbana, IL | $5,203,190 | $4,965,547 |
National Biodiesel Foundation Jefferson City, MO | $368,400 | $275,504 |
American Chemical Society Park Ridge, IL | $2,051,727 | $148,469 |
American Chemical Society Columbia, MO | $752,965 | $102,455 |
American Chemical Society Indianapolis, IN | $130,493 | $0 |
American Chemical Society Ames, IA | $447,942 | $213,270 |
American Chemical Society Eureka, MO | $360,841 | $0 |
Polymer Processing Society Madison, WI | $363,192 | $0 |
Society Of Cosmetic Chemists Chicago, IL | $365,914 | $0 |
90th Division Association Nevada, IA | $17,529 | $0 |
Friends Of The Royal Society Of Chemistry Inc Milwaukee, WI | $40,963 | $6 |