American Section Of The Societe De Chimie Industrielle Inc
- Assets
- $2.3m
- Revenue
- -$22.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1952
- Data as of
- 12/2023
- EIN
- 13-6161994
Organization Overview
American Section Of The Societe De Chimie Industrielle Inc is located in New York, NY. The organization was established in 1952. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Section Of The Societe DE Chimie Industrielle Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, American Section Of The Societe DE Chimie Industrielle Inc has awarded 22 individual grants totaling $579,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENCOURAGE THE DEVELOPMENT OF APPLIED CHEMISTRY IN ALL USEFUL FIELDS AND TO SPONSOR AWARDS FOR OUTSTANDING SCIENTIFIC CONTRIBUTION TO THE CHEMICAL INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTED SCHOLARSHIPS OF $118,500 FOR UNDERGRADUATE CHEMISTRY STUDENTS THROUGH THE AMERICAN CHEMICAL SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Roberts Director | Trustee | 2 | $0 |
Marc Reisch Director | Trustee | 2 | $0 |
James Canary Director | Trustee | 2 | $0 |
Joseph L Coote Director | Trustee | 2 | $0 |
Mark Casiano Director | Trustee | 2 | $0 |
Alfred Sagarese Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,245 |
| Fundraising events | $750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,495 |
| Total Program Service Revenue | $27,650 |
| Investment income | $22,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$83,440 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$22,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $88,500 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $67,045 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,079 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,359 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $885 |
| All other expenses | $0 |
| Total functional expenses | $253,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,951 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $126,587 |
| 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 | $25,720 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,979,185 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,253,443 |
| 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 | $3,056 |
| Total liabilities | $3,056 |
| Net assets without donor restrictions | $2,250,387 |
| 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 | $2,253,443 |
Grants Awarded
Over the last fiscal year, American Section Of The Societe De Chimie Industrielle Inc has awarded $88,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CHEMICAL SOCIETY PURPOSE: ASSIST STUDENTS STUDYING CHEMISTRY | $30,000 |
COLUMBIA UNIVERSITY PURPOSE: ASSIST STUDENTS IN STUDYING CHEMISTRY | $39,000 |
NEW YORK UNIVERSITY PURPOSE: ASSIST STUDENTS IN STUDYING CHEMISTRY | $19,500 |