Pacifichem Inc
- Assets
- $1.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-5207009
Organization Overview
Pacifichem Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (U19) the organization is classified as: Support N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacifichem 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, Pacifichem Inc generated $2.3m 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 (16.9%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE AND CONDUCT INTERNATIONAL CONGRESSES FOR THE PRESENTATION OF PAPERS, PANEL DISCUSSIONS, AND SYMPOSIA IN THE CHEMICAL SCIENCES.
Describe the Organization's Program Activity:
EDUCATION - THE PRIMARY PURPOSE OF THE CORPORATION IS TO ORGANIZE AND CONDUCT INTERNATIONAL CONGRESSES FOR THE PRESENTATION OF PAPERS, PANEL DISCUSSIONS, SYMPOSIA, AND OTHER PROGRAMS REPORTING THE RESULTS OF RECENT RESEARCH IN THE CHEMICAL SCIENCES INCLUDING CHEMISTRY, CHEMICAL ENGINEERING AND BIOCHEMISTRY TO ENHANCE THE DISSEMINATION AND EXCHANGE OF CHEMICAL KNOWLEDGE BY SCIENTISTS AND ENGINEERS OF THE PACIFIC BASIN COUNTRIES AND OTHER CONGRESS PARTICIPANTS, THEREBY AIDING IN THE DEVELOPMENT OF THE INDUSTRIES OF EACH PARTICIPATING COUNTRY, ADDRESSING THE PROBLEMS ASSOCIATED WITH THE LOCAL AND GLOBAL ENVIRONMENTS, AND ADDING TO THE MATERIAL PROSPERITY AND HAPPINESS OF THEIR RESPECTIVE PEOPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Eiichi Nakamura President, Director | OfficerTrustee | 1 | $0 |
Dr George L Trainor Treasurer,director | OfficerTrustee | 1 | $0 |
Dr Yvan Guindon Secretary,director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Encore Global Audio Visual Service | 12/30/21 | $452,278 |
Digitell Inc Audio Visual Service | 12/30/21 | $382,287 |
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 | $33,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,500 |
| Total Program Service Revenue | $2,297,231 |
| Investment income | $136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,335,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $39,000 |
| Fees for services: Legal | $10,257 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,309,336 |
| Advertising and promotion | $5,040 |
| Office expenses | $105,669 |
| Information technology | $89,271 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $785 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $451,288 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $47,411 |
| All other expenses | $0 |
| Total functional expenses | $2,084,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,292,192 |
| Savings and temporary cash investments | $520,942 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $349 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,813,483 |
| Accounts payable and accrued expenses | $1,310,703 |
| Grants payable | $0 |
| Deferred revenue | $8,050 |
| 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 | $1,318,753 |
| Net assets without donor restrictions | $494,730 |
| Net assets with donor restrictions | $0 |
| 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 | $1,813,483 |
Grants Awarded
Over the last fiscal year, Pacifichem Inc has awarded $68,813 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: General Support | $68,813 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Challenger Center For Space Science Education Washington, DC | $4,144,176 | $7,077,658 |
Pacifichem Inc Washington, DC | $1,813,483 | $2,335,367 |
The National Society Of Professional Education Foundation Alexandria, VA | $1,392,280 | $54,344 |
Clean Energy Research And Education Foundation Washington, DC | $4,493 | $0 |
Mahesh Parusha Foundation Inc Ellicott City, MD | $0 | $5,000 |