American Chemical Society
- Assets
- $7.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Sanford, NC
- Founding
- 05/1946
- Data as of
- 12/2023
- EIN
- 42-0935374
Organization Overview
American Chemical Society is located in Sanford, NC. The organization was established in 1946. 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 12/2023, American Chemical Society employed 4 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 12/2023, American Chemical Society generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FACILITATION OF COMMUNICATION AMONG CHEMICAL EDUCATORS AND STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXAMS INSTITUTE: THE INSTITUTE CREATES EXAMINATIONS AND STUDY GUIDES RELATED TO CHEMICAL TOPICS TO BE USED BY TEACHERS AT VARIOUS LEVELS OF CHEMISTRY EDUCATION. THE EXAMINATIONS ARE UTILIZED BY TEACHERS OF CHEMISTRY EDUCATION TO DETERMINE STUDENTS' KNOWLEDGE OF CHEMISTRY BOTH AT THE BEGINNING AND AT THE END OF A COURSE, AND FOR COURSE PLACEMENT.
MEETINGS & CONFERENCES: THE ORGANIZATION FACILITATES IN HELPING TEACHERS AND STUDENTS IN THE CHEMISTRY FIELD INTERACT WITH EACH OTHER. ONE OF THE LARGEST EVENTS IS THE BIENNIAL CONFERENCE ON CHEMICAL EDUCATORS (BCCE). THE CONFERENCE IS DESIGNED FOR THOSE WHO TEACH CHEMISTRY AT ALL LEVELS: SECONDARY SCHOOL SCIENCE TEACHERS, UNDERGRADUATE AND GRADUATE STUDENTS, AND POST-SECONDARY CHEMISTRY FACULTY. THE CONFERENCE PROVIDES ANYONE TEACHING CHEMISTRY OPPORTUNITIES FOR INTERACTING WITH LIKE-MINDED COLLEAGUES IN BOTH FORMAL AND INFORMAL SETTINGS. TEACHERS WHO ARE ABOUT TO LAUNCH THEIR CAREERS, THOSE WHO ARE NEW TO TEACHING CHEMISTRY, AND THOSE WHO HAVE TEACHING EXPERIENCE FIND THIS CONFERENCE TO BE AN EXCELLENT SOURCE OF MATERIALS, TECHNIQUES, AND CHEMISTRY CONTENT.
JOURNAL OF CHEMICAL EDUCATION: THE JOURNAL OF CHEMICAL EDUCATION IS THE MAIN PUBLICATION OUTLET FOR THE DIVISION. THIS PUBLICATION IS USED TO DISSEMINATE INFORMATION IN THE AREA OF CHEMICAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Resa Kelly Chair | OfficerTrustee | 8 | $0 |
Kimberly Linenberger Cortes Immediate Past Chair | OfficerTrustee | 8 | $0 |
Thomas Bussey Chair-Elect | OfficerTrustee | 8 | $0 |
Jennifer Lewis Secretary And Councilor | OfficerTrustee | 4 | $0 |
Rick Moog Treasurer | OfficerTrustee | 4 | $0 |
Roxie Allen Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer Press Publications Services | 12/30/23 | $155,150 |
United Parcel Service Inventory Shipments | 12/30/23 | $132,314 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,168 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,351 |
| Total Program Service Revenue | $290,579 |
| Investment income | $217,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $266,123 |
| Net Rental Income | $33,423 |
| Net Gain/Loss on Asset Sales | -$30,480 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $639,193 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,501,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $35,380 |
| 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 | $244,629 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,566 |
| Payroll taxes | $23,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,800 |
| Fees for services: Accounting | $84,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,149 |
| Fees for services: Other | $160,429 |
| Advertising and promotion | $2,444 |
| Office expenses | $80,320 |
| Information technology | $109,673 |
| Royalties | $0 |
| Occupancy | $64,709 |
| Travel | $107,563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,083 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,729 |
| Insurance | $14,124 |
| All other expenses | $5,585 |
| Total functional expenses | $1,191,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $635,864 |
| Savings and temporary cash investments | $387,771 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,429 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $225,374 |
| Prepaid expenses and deferred charges | $8,347 |
| Net Land, buildings, and equipment | $583,356 |
| Investments—publicly traded securities | $5,411,380 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,347,521 |
| Accounts payable and accrued expenses | $55,274 |
| Grants payable | $0 |
| Deferred revenue | $31,174 |
| 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 | $86,448 |
| Net assets without donor restrictions | $6,396,033 |
| Net assets with donor restrictions | $865,040 |
| 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 | $7,347,521 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anuvia Prevention And Recovery Center Inc Charlotte, NC | $7,525,667 | $13,033,516 |
Concrete Advancement Foundation Inc Alexandria, VA | $25,431,410 | $2,555,399 |
Chemical Educational Foundation Arlington, VA | $1,599,932 | $1,171,307 |
American Chemical Society Sanford, NC | $7,347,521 | $1,501,528 |
American Chemical Society Blacksburg, VA | $1,154,796 | $637,866 |
Geochemical Society Alexandria, VA | $3,562,705 | $318,933 |
American Chemical Society Crozet, VA | $538,490 | $117,112 |
Adhesion Society Incorporated Alexandria, VA | $134,826 | $0 |
American Chemical Society Anderson, SC | $246,704 | $0 |