American Society For Biochemistry And Molecular Biology Inc is located in Rockville, MD. The organization was established in 1942. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 12/2021, American Society For Biochemistry And Molecular Biology Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society For Biochemistry And Molecular Biology 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, American Society For Biochemistry And Molecular Biology Inc generated $17.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $9.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) 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 ADVANCE THE SCIENCE OF BIOCHEMISTRY AND MOLECULAR BIOLOGY - SEE PART III AND SCH O
Describe the Organization's Program Activity:
ASBMB PUBLISHES SEVERAL SCHOLARLY JOURNALS, WHICH EFFECTIVE JANUARY 1, 2021 BECAME OPEN ACCESS, FREELY AVAILABLE TO THE SCIENTIFIC COMMUNITY THAT INCLUDES SCIENTISTS, STUDENTS, AND SCHOLARLY INSTITUTIONS. THE JOURNAL OF BIOLOGICAL CHEMISTRY IS PUBLISHED WEEKLY, AND INCLUDES OVER 30,000 PAGES PER YEAR OF ORIGINAL RESEARCH REPORTS ON BIOCHEMISTRY AND MOLECULAR BIOLOGY. ALL SCIENTIFIC PAPERS SUBMITTED FOR PUBLICATION GO THROUGH AN EXTENSIVE PEER-REVIEW PROCESS INVOLVING SOME OF THE MORE THAN 700 MEMBERS OF THE JOURNAL'S EDITORIAL BOARD.IN ADDITION, ASBMB PUBLISHES A MONTHLY MEMBER MAGAZINE, ASBMB TODAY. THIS MAGAZINE FOCUSES ON INTERNAL SOCIETY NEWS, AS WELL AS PUBLIC AFFAIRS AND MATTERS OF BROAD INTEREST TO THE MEMBERSHIP, SUCH AS COMMITTEE ACTIVITIES AND EDUCATIONAL INITIATIVES.ASBMB ALSO HOLDS AN ANNUAL MEETING, AT WHICH ITS MEMBERS AND OTHER DISTINGUISHED SCIENTISTS PRESENT SCHOLARLY PAPERS AND DISCUSS CURRENT RESEARCH AND ISSUES IN THE FIELD OF BIOCHEMISTRY AND MOLECULAR BIOLOGY.ASBMB MAKES A NUMBER OF GRANTS AND AWARDS TO PROMISING SCIENTISTS IN THE BIOCHEMISTRY FIELD, INCLUDING AWARDS BY MERCK, VALLEE AND AVANTI.ASBMB HAS A NUMBER OF SUBCOMMITTEES THROUGH WHICH A WIDE VARIETY OF ACTIVITIES ARE ORGANIZED AND CONDUCTED.THE PUBLIC AFFAIRS ADVISORY COMMITTEE IS RESPONSIBLE FOR MONITORING AND COMMENTING ON LEGISLATIVE AND REGULATORY ISSUES OF INTEREST TO THE SOCIETY. THE COMMITTEE IS ALSO RESPONSIBLE FOR WORKING WITH THE NEWS MEDIA TO PUBLICIZE THE SOCIETY'S VIEWS ON ISSUES OF INTEREST TO THE BIOCHEMICAL RESEARCH COMMUNITY.THE EDUCATION AND PROFESSIONAL DEVELOPMENT COMMITTEE FOCUSES ON EDUCATION AND PROFESSIONAL DEVELOPMENT ISSUES IN GENERAL, AS WELL AS THE PARTICULAR PROBLEMS FACED BY WOMEN AND UNDER-REPRESENTED MINORITIES IN THE BIOCHEMICAL FIELD. THE COMMITTEE HAS PUBLISHED A CAREERS BROCHURE ENTITLED UNLOCKING LIFE'S SECRETS: CAREER OPPORTUNITIES IN BIOCHEMISTRY AND MOLECULAR BIOLOGY. THIS BROCHURE IS AIMED AT HIGH SCHOOL STUDENTS AND UNDERGRADUATES WHO MAY BE CONSIDERING PURSUING CAREERS IN BIOCHEMISTRY OR MOLECULAR BIOLOGY. ADDITIONALLY, THE COMMITTEE HAS PREPARED A RECOMMENDED CURRICULUM IN BIOCHEMISTRY FOR UNDERGRADUATES, AND HAS SURVEYED GRADUATE SCHOOLS AND THE BIOTECHNOLOGY INDUSTRY ON WHAT COURSES THESE INSTITUTIONS WOULD LIKE PROSPECTIVE STUDENTS OR EMPLOYEES TO HAVE TAKEN.THE MAXIMIZING ACCESS COMMITTEE TAKES A STRONG INTEREST IN EDUCATION MATTERS AS THEY PERTAIN TO AFRICAN, HISPANIC, AND NATIVE AMERICAN STUDENTS. VERY FEW PERSONS FROM THESE GROUPS ENTER THE FIELDS.IN ADDITION TO THE ABOVE COMMITTEE ACTIVITIES, ASBMB IS ONE OF THE FOUNDING ORGANIZATIONS OF MINORITIES IN SCIENCES AND TECHNOLOGY (MIST), A WASHINGTON-BASED COALITION OF SCIENCE ORGANIZATIONS INTERESTED IN INCREASING MINORITY EXPOSURE TO (AND PARTICIPATION IN) SCIENCE. MIST SERVES AS AN INFORMATION EXCHANGE AND COORDINATING MECHANISM AMONG THE VARIOUS SCIENTIFIC SOCIETIES INTERESTED IN MINORITY SCIENCE EDUCATION, AND SPONSORS AN ANNUAL CAREER FAIR IN WHICH ASBMB PARTICIPATES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen Miller Executive Director | Officer | 40 | $322,734 |
Barbara Gordon Executive Director Through February | Officer | 40 | $301,847 |
Benjamin Corb Director Of Public Affairs | 40 | $190,544 | |
Wayne Iobst Director Of Information Technology | 40 | $166,257 | |
Isabel Casas Publications Director | 40 | $152,215 | |
Angela Hopp Communications Director | 40 | $149,865 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Knowledgeworks Global Ltd Technology | 12/30/21 | $285,424 |
Dartmouth Printing Company Printing | 12/30/21 | $127,676 |
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 | $74,574 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $74,574 |
Total Program Service Revenue | $3,999,638 |
Investment income | $2,249,302 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $10,522,771 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $17,687,280 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $149,546 |
Grants and other assistance to Foreign Orgs/Individuals | $74,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $673,371 |
Compensation of current officers, directors, key employees. | $439,308 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,276,717 |
Pension plan accruals and contributions | $295,823 |
Other employee benefits | $401,498 |
Payroll taxes | $290,114 |
Fees for services: Management | $0 |
Fees for services: Legal | $47,806 |
Fees for services: Accounting | $23,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $491,795 |
Fees for services: Other | $226,234 |
Advertising and promotion | $0 |
Office expenses | $831,984 |
Information technology | $99,460 |
Royalties | $0 |
Occupancy | $573,604 |
Travel | $7,163 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $166,845 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $136,328 |
Insurance | $53,559 |
All other expenses | $0 |
Total functional expenses | $9,201,125 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $4,852,315 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $13,089 |
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 | $155,377 |
Net Land, buildings, and equipment | $331,121 |
Investments—publicly traded securities | $112,252,229 |
Investments—other securities | $8,851,600 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $118,916 |
Total assets | $126,574,647 |
Accounts payable and accrued expenses | $529,439 |
Grants payable | $0 |
Deferred revenue | $3,379,787 |
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 | $423,903 |
Total liabilities | $4,333,129 |
Net assets without donor restrictions | $115,871,300 |
Net assets with donor restrictions | $6,370,218 |
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 | $126,574,647 |
Over the last fiscal year, American Society For Biochemistry And Molecular Biology Inc has awarded $57,204 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
San Marcos, CA PURPOSE: INTERACTIVE MENTORING PROGRAM | $57,204 |
Over the last fiscal year, we have identified 2 grants that American Society For Biochemistry And Molecular Biology Inc has recieved totaling $5,070.
Awarding Organization | Amount |
---|---|
Fthree Foundation San Francisco, CA PURPOSE: SUPPORT ASBMB DEUEL CONF ON LIPIDS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $70 |
Beg. Balance | $2,753,171 |
Earnings | $223,713 |
Other Expense | $176,491 |
Ending Balance | $2,800,393 |
Organization Name | Assets | Revenue |
---|---|---|
American Society For Engineering Education Washington, DC | $9,064,314 | $18,727,509 |
Information Technology Industry Council Ltd Washington, DC | $23,400,672 | $20,714,529 |
The Computing Research Association Inc Washington, DC | $7,343,840 | $10,008,552 |
American Society For Biochemistry And Molecular Biology Inc Rockville, MD | $126,574,647 | $17,687,280 |
American Association Of Physicists In Medicine Alexandria, VA | $31,609,322 | $9,947,196 |
The National Council Of Teachers Of Mathematics-Incorporated- Reston, VA | $18,084,320 | $8,296,750 |
American Statistical Association Alexandria, VA | $30,139,821 | $9,398,848 |
Minerals Metals & Materials Society Inc Pittsburgh, PA | $11,544,301 | $7,904,003 |
American Society Of Plant Biologists Rockville, MD | $19,649,712 | $10,404,371 |
Center For Open Science Charlottesville, VA | $9,625,938 | $7,385,775 |
Society Of Chemical Manufacturers And Affiliates Inc Arlington, VA | $22,239,444 | $4,222,837 |
American Association Of Physics Teachers Inc College Park, MD | $13,026,433 | $5,992,829 |