American Chemical Society
- Assets
- $407.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 05/1946
- Data as of
- 12/2022
- EIN
- 94-6077831
Organization Overview
American Chemical Society is located in Palo Alto, CA. 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 $50.2k 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 (20.5%) each year. All expenses for the organization totaled $39.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.7%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SILICON VALLEY SECTION OF THE AMERICAN CHEMICAL SOCIETY, A NON-PROFIT ORGANIZATION BASED IN PALO ALTO, CALIFORNIA, MISSION IS TO ADVANCE THE BROADER CHEMISTRY ENTERPRISE AND ITS PRACTITIONERS FOR THE BENEFIT OF EARTH AND ITS PEOPLE.
Describe the Organization's Program Activity:
Part 3
AWARDS - PRESENTED TO OUTSTANDING STUDENTS AT SCIENCE FAIRS AND TO NATIONALLY RECOGNIZED CHEMISTS IN RECOGNITION OF THEIR ACCOMPLISHMENTS IN THE FIELD AND SERVICE TO THE AMERICAN CHEMICAL SOCIETY.
AWARDS - PRESENTED TO OUTSTANDING STUDENTS AT SCIENCE FAIRS AND TO NATIONALLY RECOGNIZED CHEMISTS IN RECOGNITION OF THEIR ACCOMPLISHMENTS IN THE FIELD AND SERVICE TO THE AMERICAN CHEMICAL SOCIETY.
NEWSLETTER - DISSEMINATION OF NOTICES & ANNOUNCEMENTS OF SEMINARS, SHORT COURSES, EVENTS AND LOCAL EMPLOYMENT OPPORTUNITIES RELEVANT TO OUR ~2600 MEMBERS.
NEWSLETTER - DISSEMINATION OF NOTICES & ANNOUNCEMENTS OF SEMINARS, SHORT COURSES, EVENTS AND LOCAL EMPLOYMENT OPPORTUNITIES RELEVANT TO OUR ~2600 MEMBERS.
DUE TO COVID-19 IN 2021, TWO MAIN PROGRAMS THE SECTION CARRY OUT EVERY YEAR, 'TEACH THE TEACHERS WORKSHOP' AND 'UNDERGRADUATE RESEARCH CONFERENCE,' WERE CANCELLED. THESE TWO PROGRAMS WERE SUBSTITUTED WITH A NUMBER OF SIMILAR SMALLER EVENTS TO INCREASE DIVERSITY OF YOUNGER GENERATION INTEREST IN SCIENCE AND REACHING OUT TO HIGH SCHOOL STUDENTS TO OFFER CAREER GUIDANCE.
DUE TO COVID-19 IN 2021, TWO MAIN PROGRAMS THE SECTION CARRY OUT EVERY YEAR, 'TEACH THE TEACHERS WORKSHOP' AND 'UNDERGRADUATE RESEARCH CONFERENCE,' WERE CANCELLED. THESE TWO PROGRAMS WERE SUBSTITUTED WITH A NUMBER OF SIMILAR SMALLER EVENTS TO INCREASE DIVERSITY OF YOUNGER GENERATION INTEREST IN SCIENCE AND REACHING OUT TO HIGH SCHOOL STUDENTS TO OFFER CAREER GUIDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Benight Chair | 10 | $0 | |
Natalie Mcclure Chair Elect | 8 | $0 | |
Jigisha Shah Past Chair | 8 | $0 | |
Laura Yeager Secretary | 8 | $0 | |
Ihab S Darwish Treasurer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,335 |
| Total Program Service Revenue | $235 |
| Membership dues | $37,594 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,164 |
| 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 | $499 |
| Occupancy, rent, utilities, and maintenance | $1,080 |
| Printing, publications, postage, and shipping | $9,460 |
| Other expenses | $22,914 |
| Total expenses | $39,528 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $407,304 |
| Other assets | $0 |
| Total assets | $407,304 |
| Total liabilities | $0 |
| Net assets or fund balances | $407,304 |