American Association For Clinical Chemistry Inc
- Assets
- $31.6m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 74
- Location
- Washington, DC
- Founding
- 02/1970
- Data as of
- 03/2022
- EIN
- 39-0977801
Organization Overview
American Association For Clinical Chemistry Inc, operating under the name Aacc, is located in Washington, DC. The organization was established in 1970. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 03/2022, Aacc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aacc 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 03/2022, Aacc generated $18.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $18.6m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING HEALTHCARE THROUGH LABORATORY MEDICINE.
Describe the Organization's Program Activity:
ANNUAL MEETINGS AND EXPOS - AACC'S ANNUAL SCIENTIFIC MEETING SHOWCASES VITAL RESEARCH IN LABORATORY MEDICINE AND IMPORTANT UPDATES IN THE FIELD. ATTENDED BY MORE THAN 7,500 SCIENTISTS IN-PERSON AND VIRTUALLY IN FISCAL YEAR 2022, THE ANNUAL SCIENTIFIC MEETING INCLUDES EDUCATIONAL OPPORTUNITIES IN THE FORM OF LECTURES, PLENARY SESSIONS, SCIENTIFIC SESSIONS, AND ROUNDTABLE SESSIONS.
MARKETING AND COMMUNICATIONS - THIS PROGRAM ENHANCES THE AWARENESS OF LABORATORY MEDICINE, PROMOTES AACC'S PROGRAMS AND MEMBERSHIP, SUPPORTS PROFESSIONAL GROWTH AND CAREER DEVELOPMENT FOR MEMBERS, AND INCLUDES CLINICAL LABORATORY NEWS, THE LEADING NONPROFIT MONTHLY NEWS MAGAZINE IN THE FIELD, WHICH PROVIDES TRUSTED NEWS ANALYSIS IN LABORATORY MEDICINE TO BOTH MEMBER AND NONMEMBER SUBSCRIBERS. AACC.ORG RECEIVES NEARLY 1.8 MILLION VISITORS ANNUALLY, AND IN FISCAL YEAR 2022, AACC'S PRESS PROGRAM PUT OUT 24 PRESS RELEASES TO RAISE PUBLIC AWARENESS ABOUT THE ESSENTIAL ROLE THAT LABORATORY MEDICINE PROFESSIONALS PLAY IN ENSURING THAT PATIENTS RECEIVE HIGH QUALITY HEALTHCARE. THESE RELEASES REACHED 3.37 BILLION VISITORS THROUGH A PICK UP IN ONLINE OUTLETS, AND LED TO 66 NEWS ARTICLES AND TV/RADIO SEGMENTS ABOUT AACC.
AACC'S SCIENCE & PRACTICE PROGRAMS, GOVERNMENT AFFAIRS, AND THE GLOBAL LAB QUALITY INITIATIVE (GLQI), WHICH PARTNERS WITH NATIONAL SOCIETIES TO IMPROVE THE QUALITY OF LABORATORY TESTING WORLDWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Golden CEO | Officer | 35 | $388,461 |
Beth Hampton Chief Engagement & Mem. Officer | Officer | 35 | $281,239 |
Loretta Doan Chief Science & Policy Officer | Officer | 35 | $253,435 |
Susan Medick Chief Financial & Operations Officer | Officer | 35 | $249,999 |
Stephen Poston Chief Technology & Events Officer | Officer | 35 | $243,370 |
Vincent Stine Sr. Director, Gov. & Global Affairs | 35 | $201,661 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Annual Meeting A/v, Signage, & Decoratin | 3/30/22 | $1,494,386 |
J Spargo & Associates Annual Meeting Management | 3/30/22 | $452,172 |
Synergy Creative Annual Meeting Marketing | 3/30/22 | $401,569 |
Ra Consulting Annual Meeting Security | 3/30/22 | $271,961 |
Georgia World Congress Center Authority Annual Meeting Venue | 3/30/22 | $384,171 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,070,844 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,781,378 |
| Noncash contributions included in lines 1a–1f | $386,714 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,852,222 |
| Total Program Service Revenue | $11,901,098 |
| Investment income | $884,809 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,259,004 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $239,054 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,693 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,150,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,412 |
| Grants and other assistance to domestic individuals. | $56,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,650 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,600,853 |
| Compensation of current officers, directors, key employees. | $803,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,255,167 |
| Pension plan accruals and contributions | $428,251 |
| Other employee benefits | $544,570 |
| Payroll taxes | $469,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83,122 |
| Fees for services: Accounting | $48,068 |
| Fees for services: Lobbying | $84,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,234 |
| Fees for services: Other | $1,968,711 |
| Advertising and promotion | $188,854 |
| Office expenses | $783,865 |
| Information technology | $810,787 |
| Royalties | $4,219 |
| Occupancy | $1,011,388 |
| Travel | $469,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,844,460 |
| Interest | $22,003 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,329 |
| Insurance | $158,454 |
| All other expenses | $45,264 |
| Total functional expenses | $18,576,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,409 |
| Savings and temporary cash investments | $4,027,296 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,180,209 |
| 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 | $1,211,091 |
| Net Land, buildings, and equipment | $1,146,994 |
| Investments—publicly traded securities | $22,817,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,632,986 |
| Accounts payable and accrued expenses | $1,202,086 |
| Grants payable | $0 |
| Deferred revenue | $10,913,645 |
| 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 | $646,000 |
| Other liabilities | $2,853,979 |
| Total liabilities | $15,615,710 |
| Net assets without donor restrictions | $10,812,451 |
| Net assets with donor restrictions | $5,204,825 |
| 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 | $31,632,986 |
Endowment Analysis
| Beg. Balance | $4,670,135 |
| Earnings | $153,752 |
| Other Expense | $23,947 |
| Ending Balance | $4,799,940 |
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|---|---|---|
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Maryland Innovation And Security Institute Inc Baltimore, MD | $10,081,190 | $24,715,450 |
Community Action Council Of Howard County Md Inc Columbia, MD | $15,922,810 | $23,897,066 |
Cal Ripken Sr Foundation Inc Baltimore, MD | $24,973,997 | $16,406,660 |
American Association For Clinical Chemistry Inc Washington, DC | $31,632,986 | $18,150,460 |
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
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