American Chemistry Council
- Assets
- $167.1m
- Revenue
- $149.4m
- Investments
- $42.9m
- Employees
- 315
- Location
- Washington, DC
- Founding
- 10/1942
- Data as of
- 12/2022
- EIN
- 53-0104410
Organization Overview
American Chemistry Council is located in Washington, DC. 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 12/2022, American Chemistry Council employed 315 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Chemistry Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, American Chemistry Council generated $149.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $152.9m during the year ending 12/2022. While expenses have increased by 3.0% 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, American Chemistry Council has awarded 77 individual grants totaling $12,955,822. 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
THE PURPOSE OF THE COUNCIL SHALL BE THE PROMOTION OF THE INTERESTS OF THE BUSINESS OF CHEMISTRY IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS AND GLOBALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 ACC ACTIONS ON SUSTAINABILITY SHOWED HOW THE CHEMICAL INDUSTRY IS A "LOWER EMISSIONS ENABLER," BRINGING INNOVATIVE SOLUTIONS TO REDUCE EMISSIONS.AFTER YEARS OF SUPPORTING A GLOBAL TREATY TO PHASE DOWN THE PRODUCTION AND USE OF HYDROFLUOROCARBONS (HFCS), ACC SUPPORTED THE KIGALI AMENDMENT AGAIN IN 2022 TO HELP BRING IT ACROSS THE FINISH LINE.IN 2022 ACC LAUNCHED THE LOWER EMISSIONS FUTURE TO HELP SECURE KEY PROVISIONS IN THE 2022 INFLATION REDUCTION ACT (IRA) AND 2021 BIPARTISAN INFRASTRUCTURE LAW THAT WILL ACCELERATE THE DEVELOPMENT OF LOWER EMISSIONS TECHNOLOGIES AND INFRASTRUCTURE MADE POSSIBLE BY CHEMISTRY.WE DEMONSTRATED MEMBER COMPANY PROGRESS IN REDUCING GREENHOUSE GAS (GHG) EMISSIONS, INCLUDING A 12% DECREASE IN GHG INTENSITY SINCE 2017.
ACC'S PLASTIC DIVISION SHOWCASED HOW PEOPLE IN THE PLASTICS INDUSTRY ARE HELPING TO ADVANCE SUSTAINABILITY AND EMBRACE CHANGE AND SHARING EXAMPLES OF PROGRESS IN INNOVATION AND CIRCULARITY THAT ENABLE A MORE SUSTAINABLE FUTURE. THROUGHOUT 2022, ACC'S PLASTICS DIVISION ALSO WORKED TO ADVANCE PLASTICS SUSTAINABILITY POLICY.
ACC'S WORKED TO IMPROVE TSCA IMPLEMENTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Huntsman Chair Of The Board | OfficerTrustee | 1 | $0 |
Karen Mckee Executive Committee Chair | OfficerTrustee | 1 | $0 |
Erin Kane Fin., Audit, & Mbrshp Cmte Chair | OfficerTrustee | 1 | $0 |
Jim Fitterling Immediate Past Chair Of The Board | OfficerTrustee | 1 | $0 |
Neil Ackerman Board Member | Trustee | 1 | $0 |
Scott Behrens Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bcw Llc Consulting | 12/30/22 | $9,926,271 |
Marathon Strategies Llc Consulting | 12/30/22 | $2,101,009 |
Scito Vation Llc Research | 12/30/22 | $1,633,500 |
Deloitte Consulting Llp Consulting | 12/30/22 | $1,361,000 |
Dow Chemical Company Research | 12/30/22 | $1,176,177 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $419,015 |
| 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 | $419,015 |
| Total Program Service Revenue | $144,753,966 |
| Investment income | $2,861,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $362,981 |
| Net Rental Income | $111,662 |
| Net Gain/Loss on Asset Sales | -$47,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,402,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,605,902 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $100,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,114,996 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,390,302 |
| Other salaries and wages | $36,807,588 |
| Pension plan accruals and contributions | $3,801,628 |
| Other employee benefits | $5,037,865 |
| Payroll taxes | $2,891,249 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,188,676 |
| Fees for services: Accounting | $122,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $255,312 |
| Fees for services: Other | $39,457,821 |
| Advertising and promotion | $2,714,302 |
| Office expenses | $1,623,737 |
| Information technology | $4,223,756 |
| Royalties | $0 |
| Occupancy | $7,188,370 |
| Travel | $1,881,987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,911,304 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,377,978 |
| Insurance | $402,687 |
| All other expenses | $3,177,607 |
| Total functional expenses | $152,894,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,272,169 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,886,622 |
| 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 | $2,357,066 |
| Net Land, buildings, and equipment | $3,948,606 |
| Investments—publicly traded securities | $80,111,714 |
| Investments—other securities | $42,893,845 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,613,755 |
| Total assets | $167,083,777 |
| Accounts payable and accrued expenses | $11,983,147 |
| Grants payable | $0 |
| Deferred revenue | $74,630,784 |
| 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 | $27,457,428 |
| Total liabilities | $114,071,359 |
| Net assets without donor restrictions | $53,012,418 |
| 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 | $167,083,777 |
Grants Awarded
Over the last fiscal year, American Chemistry Council has awarded $2,605,902 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AIHA GUIDELINE FOUNDATION PURPOSE: CONTRIBUTION IN SUPPORT OF THE ERPG PROGRAM | $10,000 |
AMERICAN COUNCIL ON SCIENCE AND HEALTH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
AMERICAN INSTITUTE OF CHEMICAL ENGINEERS PURPOSE: FUTURE STEM SCHOLARS INITIATIVE | $48,000 |
APPLIED BUILDING TECHNOLOGY GROUP LLC PURPOSE: SUPPORT MARKET OUTREACH AND EDUCATION INITIATIVES | $162,000 |
AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE) PURPOSE: SPONSORSHIP | $6,000 |
CHEMICAL MARKETING AND ECONOMICS INC PURPOSE: SPONSORSHIP FOR CME STEM LEADERSHIP AWARDS | $10,000 |