American Institute Of Chemical Engineers
- Assets
- $63.2m
- Revenue
- $47.5m
- Investments
- $0.0
- Employees
- 138
- Location
- New York, NY
- Founding
- 02/1975
- Data as of
- 12/2023
- EIN
- 13-1623892
Organization Overview
American Institute Of Chemical Engineers is located in New York, NY. The organization was established in 1975. According to its NTEE Classification (U33) the organization is classified as: Chemistry & Chemical Engineering, under the broad grouping of Science & Technology and related organizations. As of 12/2023, American Institute Of Chemical Engineers employed 138 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Institute Of Chemical Engineers 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 12/2023, American Institute Of Chemical Engineers generated $47.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $51.3m during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 9 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE A SAFE, CONNECTED, AND INCLUSIVE COMMUNITY DOING A WORLD OF GOOD AS:- THE GLOBAL LEADER OF THE CHEMICAL ENGINEERING PROFESSION- THE CENTER FOR LIFELONG PROFESSIONAL AND PERSONAL GROWTH- THE FOREMOST CATALYST IN APPLYING OUR EXPERTISE TO SUSTAINABLY MEET SOCIETAL NEEDS.
Describe the Organization's Program Activity:
RAPID, CCPS, & CONSORTIUM - TO ALLOW INDUSTRY, ACADEMIA AND GOVERNMENT REPRESENTATIVES TO COLLABORATE AND LEVERAGE RESOURCES FOR RESEARCH TECHNOLOGY TRANSFER AND OTHER ACTIVITIES. THE ABOVE REVENUE EXCLUDES REVENUES FROM CHARITABLE CONTRIBUTIONS AND GRANTS OF $6,224,409 REPORTED IN PART VIII, LINE 1, AND EXCLUDES ROYALTIES OF $338,484 REPORTED IN PART VIII, LINE 5.
MEETINGS & TECHNICAL PROGRAMMING - TO CONDUCT TECHNICAL MEETINGS, CONFERENCES, AND EXHIBITS IN VARIOUS LOCATIONS IN ORDER TO PROMOTE OPEN EXCHANGE OF CHEMICAL ENGINEERING CONCEPTS. THE ABOVE REVENUE EXCLUDES REVENUES FROM CHARITABLE CONTRIBUTIONS AND GRANTS OF $256,220 REPORTED IN PART VIII, LINE 1, AND EXCLUDES ROYALTIES OF $51,930 REPORTED IN PART VIII, LINE 5.
EDUCATION SERVICES - TO PROVIDE SEMINARS AND COURSES TO THE GENERAL PUBLIC WHICH PROVIDES EDUCATIONAL OPPORTUNITIES RELATED TO CHEMICAL ENGINEERING. THE REVENUE BELOW EXCLUDES DIVIDENDS OF $200,000 REPORTED IN PART VIII, LINE 3.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan E Nelson President-Elect | OfficerTrustee | 5 | $0 |
Anne O'neal Director | Trustee | 4 | $0 |
Billy B Bardin President | OfficerTrustee | 12 | $0 |
Christine Grant Past President | OfficerTrustee | 6 | $0 |
Daryl Roberts Director | Trustee | 1 | $0 |
David Dixon Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Drink Agency Marketing Consultant | 12/30/23 | $260,101 |
Sandra L Sidey Program Manager | 12/30/23 | $178,065 |
Julie Bonasso Consultant | 12/30/23 | $176,000 |
Kellen Company Marketing & Communications | 12/30/23 | $134,243 |
Venable Legal Services | 12/30/23 | $128,699 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $515,585 |
| Related organizations | $0 |
| Government grants | $6,480,623 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,471,445 |
| Noncash contributions included in lines 1a–1f | $4,307 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,467,653 |
| Total Program Service Revenue | $31,958,017 |
| Investment income | $1,438,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,173,778 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$488,878 |
| Net Income from Fundraising Events | -$64,950 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,484,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,123,541 |
| Grants and other assistance to Foreign Orgs/Individuals | $51,678 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,057,329 |
| Compensation of current officers, directors, key employees. | $941,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,629,669 |
| Pension plan accruals and contributions | $1,435,970 |
| Other employee benefits | $1,508,071 |
| Payroll taxes | $1,075,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $165,785 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $83,160 |
| Fees for services: Investment Management | $97,041 |
| Fees for services: Other | $5,675,894 |
| Advertising and promotion | $547,528 |
| Office expenses | $2,783,473 |
| Information technology | $376,160 |
| Royalties | $0 |
| Occupancy | $711,309 |
| Travel | $1,069,080 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,178,655 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $795,246 |
| Insurance | $203,935 |
| All other expenses | $0 |
| Total functional expenses | $51,294,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,681,841 |
| Savings and temporary cash investments | $1,439,666 |
| Pledges and grants receivable | $14,779,076 |
| Accounts receivable, net | $2,759,919 |
| 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 | $1,190,632 |
| Net Land, buildings, and equipment | $1,543,036 |
| Investments—publicly traded securities | $36,914,665 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,874,456 |
| Total assets | $63,183,291 |
| Accounts payable and accrued expenses | $3,622,524 |
| Grants payable | $0 |
| Deferred revenue | $3,401,951 |
| 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 | $6,103,363 |
| Total liabilities | $13,127,838 |
| Net assets without donor restrictions | $19,305,631 |
| Net assets with donor restrictions | $30,749,822 |
| 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 | $63,183,291 |