Controlled Release Society Inc
- Assets
- $2.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Laurel, NJ
- Founding
- 11/1979
- Data as of
- 12/2022
- EIN
- 31-0940935
Organization Overview
Controlled Release Society Inc is located in Mount Laurel, NJ. The organization was established in 1979. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Controlled Release Society Inc 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, Controlled Release Society Inc generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CRS IS DEDICATED TO ADVANCING THE CONTROLLED DELIVERY OF CHEMICAL AND BIOLOGICAL SUBSTANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES, SPECIAL INTEREST GROUPS, AND WORKSHOPS PROVIDE A FORUM FOR EDUCATIONAL EXCHANGE OF INFORMATION ON THE SCIENCE OF BIOACTIVES.
MEMBER SERVICES PROVIDES INTERACTION TO OVER 1,400 SCIENTISTS WORLD WIDE OF WHICH 40% ARE FROM INDUSTRY AND 60% ARE FROM ACADEMIA AND GOVERNMENT.
JOURNALS AND PUBLICATIONS ALLOW FOR THE DISSEMINATION OF INFORMATION ON BIOACTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Boyd Past President (from 8/1/2022) | OfficerTrustee | 5 | $0 |
Ben Boyd President (until 7/31/2022) | OfficerTrustee | 5 | $0 |
Christine Allen President (from 8/1/2022) | OfficerTrustee | 5 | $0 |
Christine Allen President Elect (until 7/31/2022) | OfficerTrustee | 5 | $0 |
Twan Lammers President Elect (from 8/1/2022) | OfficerTrustee | 5 | $0 |
Yvonne Perrie Past President (until 7/31/2022) | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Headquarters Inc Management Services | 12/30/22 | $840,204 |
Capital Traiteur Montreal Inc Catering For Meeting | 12/30/22 | $121,019 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,000 |
| Total Program Service Revenue | $1,481,630 |
| Investment income | $48,319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,587,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,504 |
| Grants and other assistance to Foreign Orgs/Individuals | $33,084 |
| 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 | $556,536 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,096 |
| Fees for services: Other | $25,822 |
| Advertising and promotion | $179,286 |
| Office expenses | $45,452 |
| Information technology | $2,550 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $42,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $376,935 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,889 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,452,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,749 |
| Savings and temporary cash investments | $220,682 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,999 |
| 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 | $32,794 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,719,916 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,196,140 |
| Accounts payable and accrued expenses | $19,167 |
| Grants payable | $0 |
| Deferred revenue | $313,948 |
| 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 | $333,115 |
| Net assets without donor restrictions | $1,838,149 |
| Net assets with donor restrictions | $24,876 |
| 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 | $2,196,140 |