Foundation For Chemistry Research And Initiatives
- Assets
- $4.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 52-1945222
Organization Overview
Foundation For Chemistry Research And Initiatives is located in Washington, DC. The organization was established in 1996. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Chemistry Research And Initiatives 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 12/2022, Foundation For Chemistry Research And Initiatives generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $780.4k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Foundation For Chemistry Research And Initiatives has awarded 34 individual grants totaling $4,581,944. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING THE UNDERSTANDING, SAFE USE, AND POSITIVE IMPACT OF CHEMISTRY TO SOCIETY. 1. PROVIDE INFORMATION AND PARTICIPATE IN EDUCATION THAT PROMOTES THE SAFE PRODUCTION, DISTRIBUTION, AND USE OF CHEMISTRY.2. SUPPORT AND PROMOTE SCIENTIFIC RESEARCH FOR SCIENCE-BASED PUBLIC POLICY FOR CHEMICALS MANAGEMENT.3. SUPPORT INITIATIVES DEMONSTRATING CHEMISTRY'S CONTRIBUTION AND BENEFITS TO SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICROPLASTICS RESEARCH: THE FOUNDATION SUPPORTED RESEARCH TO BETTER UNDERSTAND IMPACTS OF MICROPLASTICS ON HUMAN HEALTH AND THE ENVIRONMENT.FORMALDEHYDE RESEARCH: THE FOUNDATION SUPPORTED RESEARCH TO IMPROVE UNDERSTANDING ABOUT FORMALDEHYDE THAT RESULTED IN SEVERAL PEER REVIEWED PUBLICATIONS.PRIORITY CHEMICAL INDUSTRY PROJECTS: THE FOUNDATION SPONSORED PROJECTS IN SUPPORT OF THE CHEMICAL INDUSTRY'S RESEARCH PRIORITIES IN SEVERAL ISSUE AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Becker Trustee | Trustee | 1 | $0 |
Charles Franklin Trustee | Trustee | 1 | $0 |
Karin Krchnak Trustee | Trustee | 1 | $0 |
William J West Trustee | Trustee | 1 | $0 |
Robert J Simon Jr Executive Director | Officer | 1 | $0 |
Laura Gooding Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ibex Partners Llc Research | 12/30/22 | $290,000 |
Resource Recycling Systems Research | 12/30/22 | $106,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,777,902 |
| Government grants | $1,000 |
| 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 | $1,778,902 |
| Total Program Service Revenue | $0 |
| Investment income | $306 |
| 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 | $1,779,208 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $135,500 |
| 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 | $0 |
| Fees for services: Legal | $288 |
| Fees for services: Accounting | $11,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $626,553 |
| Advertising and promotion | $0 |
| Office expenses | $6,477 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $780,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,097,065 |
| 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 | $132,500 |
| 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 | $4,229,565 |
| Accounts payable and accrued expenses | $58,032 |
| Grants payable | $0 |
| 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 | $58,032 |
| Net assets without donor restrictions | -$51,420 |
| Net assets with donor restrictions | $4,222,953 |
| 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 | $4,229,565 |
Grants Awarded
Over the last fiscal year, Foundation For Chemistry Research And Initiatives has awarded $133,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN INSTITUTE OF CHEMICAL ENGINEERS PURPOSE: TO SUPPORT THE FUTURE OF STEM SCHOLARS INITIATIVE (FOSSI) | $48,000 |
SERVE YOUR CITY PURPOSE: TO SUPPORT THE STEAM LEARNING PROGRAM, WHICH INCLUDES THE BACK TO SCHOOL BASH BACKPACK DRIVE | $35,000 |
HAWAII PACIFIC UNIVERSITY PURPOSE: TO SUPPORT DR. JENNIFER LYNCH'S RESEARCH TO EVALUATE MICROPLASTIC FATE AND TRANSPORT IN THE OCEAN THROUGH THE COLLECTION AND PROCESSING OF SEDIMENT CORES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Innovations For Poverty Action Washington, DC | $38,831,283 | $54,859,211 |
American Society Of Overseas Research Alexandria, VA | $7,305,829 | $2,282,373 |
Institute For Progress Washington, DC | $1,531,455 | $970,114 |
Community Cooperative Washington, DC | $953,080 | $1,112,750 |
Foundation For Chemistry Research And Initiatives Washington, DC | $4,229,565 | $1,779,208 |
Consortium Of Social Science Associations Washington, DC | $960,135 | $611,014 |
International Aloe Science Council Inc Silver Spring, MD | $111,782 | $423,395 |
Korean American Education Foundation Laurel, MD | $1,019,629 | $146,641 |
National Association Of Multicultural Education Washington, DC | $403,177 | $136,692 |
North American Regional Science Council Inc Reston, VA | $428,200 | $129,367 |
Alalay Foundation Inc Falls Church, VA | $40,781 | $48,000 |
Terror Free Tomorrow Washington, DC | $0 | $20,274 |
J C Watts Foundation Inc Washington, DC | $2,084 | $7,100 |