Scientists Advancing Affordable Medicines Inc
- Assets
- $50.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Englewood, NJ
- Founding
- 12/2018
- Data as of
- 12/2021
- EIN
- 82-5103616
Organization Overview
Scientists Advancing Affordable Medicines Inc is located in Englewood, NJ. The organization was established in 2018. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scientists Advancing Affordable Medicines Inc 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 12/2021, Scientists Advancing Affordable Medicines Inc generated $15.2k 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 (42.2%) each year. All expenses for the organization totaled $15.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (33.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ANNUAL WORKSHOP THAT WILL BE OF INTEREST TO, AND ATTENDED BY, VARIOUS AFFORDABLE MEDICINE STAKEHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Siddhartha Bhoopathy PHD President | 1 | $0 | |
John L Capicchioni Bs Secretary | 1 | $0 | |
Keith Gallicano Vice President | 1 | $0 | |
Charles Bon Ms Vice President | 1 | $0 | |
Charles E Diliberti Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,800 |
| Total Program Service Revenue | $7,254 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,162 |
| Total Revenue | $15,216 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $9,775 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,819 |
| Total expenses | $15,594 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,748 |
| Other assets | $0 |
| Total assets | $50,748 |
| Total liabilities | $0 |
| Net assets or fund balances | $50,748 |
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|---|---|---|
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The National Academy Of Television Arts And Sciences Inc New York, NY | $5,641,470 | $7,599,158 |
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Materials Research Society Warrendale, PA | $13,527,707 | $7,097,114 |