American Chemical Society
- Assets
- $897.4k
- Revenue
- $145.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Jamaica, NY
- Founding
- 05/1945
- Data as of
- 12/2020
- EIN
- 13-1926773
Organization Overview
American Chemical Society is located in Jamaica, NY. The organization was established in 1945. According to its NTEE Classification (U33) the organization is classified as: Chemistry & Chemical Engineering, 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 12/2020, American Chemical Society generated $145.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $611.2k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CHEMICAL EDUCATION AND PROFESSIONAL DEVELOPMENT IN THE FIELD OF CHEMISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND HONORS PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Kristian Trustee | Officer | 4 | $0 |
Ruben Savizky Trustee | Officer | 6 | $0 |
Daniel Amarante Secretary | Officer | 2 | $0 |
Rita Upmacis Chairman | Officer | 10 | $0 |
Frank Romano Treasurer | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $42,009 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,254 |
| Total Program Service Revenue | $21,125 |
| Investment income | $78,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $145,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $532,457 |
| Grants and other assistance to domestic individuals. | $7,366 |
| 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 | $1,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,259 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $401 |
| Total functional expenses | $611,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,043 |
| Savings and temporary cash investments | $0 |
| 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 | $804,968 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,408 |
| Total assets | $897,419 |
| 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 | $453,873 |
| Net assets with donor restrictions | $443,546 |
| 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 | $897,419 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Chemical Society has recieved totaling $19.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Institute Of Chemical Engineers New York, NY | $68,575,024 | $50,980,914 |
Science History Institute Philadelphia, PA | $39,869,660 | $7,703,716 |
Polymer Processing Institute At Njit University Heights New, NJ | $4,651,810 | $5,118,235 |
Chemical Industry Council Of New Jersey Trenton, NJ | $3,322,735 | $1,581,990 |
International Society For Clinical Densitometry Inc Middletown, CT | $2,620,200 | $1,337,670 |
American Chemical Society Jamaica, NY | $897,419 | $145,505 |
Center For Powder Metallurgy Technology Princeton, NJ | $1,724,181 | $97,138 |
National Registry Of Certified Chemists West Grove, PA | $144,513 | $0 |
Society Of Flavor Chemists Inc Neptune, NJ | $69,151 | $52,787 |
Chemists Club New York, NY | $19,563 | $102,672 |
National Association Of Scientific Materials Managers Scranton, PA | $377,335 | $0 |
Catalysis Society Of Metropolitan New Yor Inc Piscataway, NJ | $148,510 | $0 |