American Chemical Society
- Assets
- $819.5k
- Revenue
- $103.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1946
- Data as of
- 12/2022
- EIN
- 52-6054070
Organization Overview
American Chemical Society is located in Washington, DC. The organization was established in 1946. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. 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 12/2022, American Chemical Society generated $103.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $53.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEADING AND SUPPORTING INNOVATION IN CELLULOSE & RENEWABLE MATERIALS BY PROVIDING A FORUM FOR OUR MEMBERS TO EXCEL IN THE CHEMICAL SCIENCES AND TECHNOLOGY
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 CELL DIVISION ORGANIZED 50 HYBRID SESSIONS AND 6 IN-PERSON ONLY SESSIONS FOR THE AMERICAN CHEMICAL SOCIETY.
THE ORGANIZATION PROVIDES MEMBERSHIP BENEFITS IN EXCHANGE FOR MEMBERSHIP DUES.
IN 2022, CELL DIVISION ADMINISTERED AND PRESENTED THE FOLLOWING AWARDS: ONE ANSELME PAYEN AWARD ($3000), ONE YOUNG INVESTIGATOR AWARD ($1500), THREE GRADUATE STUDENT AWARDS (TWO AT $1500 AND ONE AT $750) AND TWO STUDENT TRAVE AWARDS ($500 EACH).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Scott Renneckar Chair | OfficerTrustee | 1 | $0 |
Dr Wim Thielemans Chair Elect | OfficerTrustee | 1 | $0 |
Dr Tatiana Budtova Secretary | OfficerTrustee | 1 | $0 |
Dr Michael Bortner Treasurer | OfficerTrustee | 5 | $0 |
Dr Gordon Selling Past Chair | Trustee | 0.1 | $0 |
Dr Sheila Murphy Councilor | Trustee | 0.25 | $0 |
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 | $59,021 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,021 |
| Total Program Service Revenue | $9,409 |
| Investment income | $32,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $477 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,250 |
| 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 | $0 |
| Fees for services: Accounting | $1,276 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $216 |
| Information technology | $240 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,985 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,088 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $53,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,015 |
| Savings and temporary cash investments | $2,986 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $574,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $819,516 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $819,516 |
| Total liabilities and net assets/fund balances | $819,516 |