American Chemical Society
- Assets
- $893.2k
- Revenue
- $121.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Blacksburg, VA
- Founding
- 05/1946
- Data as of
- 12/2021
- EIN
- 52-6054070
Organization Overview
American Chemical Society is located in Blacksburg, VA. 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 12/2021, American Chemical Society generated $121.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $10.9k during the year ending 12/2021. 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
2021
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 2021 THE CELL DIVISION ORGANIZED 15 SYMPOSIA WITH 45 VIRTUAL AND 10 HYBRID SESSIONS FOR THE AMERICAN CHEMICAL SOCIETY NATIONAL MEETINGS
IN 2021 OUR DIVISION ADMINISTERED ONE GRADUATE STUDENT AWARD AND TWO ANSELME PAYEN AWARDS.
THE ORGANIZATION PROVIDES MEMBERSHIP BENEFITS IN EXCHANGE FOR MEMBERSHIP DUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Scott Renneckar Chair | OfficerTrustee | 3 | $0 |
Dr Wim Thielemans Chair Elect | OfficerTrustee | 1 | $0 |
Dr Tatiana Budtova Secretary | OfficerTrustee | 1 | $0 |
Dr Michael Bortner Treasurer | OfficerTrustee | 3 | $0 |
Dr Gordon Selling Past Chair | Trustee | 1 | $0 |
Dr Sheila Murphy Councilor | Trustee | 2 | $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 | $79,039 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,039 |
| Total Program Service Revenue | $8,340 |
| Investment income | $32,623 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $986 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| 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 | $1,167 |
| 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 | $436 |
| Information technology | $384 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,108 |
| 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 | $312 |
| Total functional expenses | $10,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,413 |
| Savings and temporary cash investments | $2,985 |
| 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 | $671,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $893,167 |
| 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 | $893,167 |
| Total liabilities and net assets/fund balances | $893,167 |
Endowment Analysis
| Beg. Balance | $538,695 |
| Earnings | $89,473 |
| Other Expense | $312 |
| Grants | $7,500 |
| Ending Balance | $620,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Vmware User Group Inc Franklin, TN | $9,569,219 | $8,623,176 |
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 |
Sigma Xi The Scientific Research Honor Society Inc Research Triangle Park, NC | $16,717,567 | $4,916,209 |
American Association Of Physics Teachers Inc College Park, MD | $13,026,433 | $5,992,829 |
International Federation Of Professional & Technical Engineers Washington, DC | $5,724,576 | $5,516,187 |