American Chemical Society
- Assets
- $3.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Akron, OH
- Founding
- 05/1946
- Data as of
- 12/2021
- EIN
- 34-0940088
Organization Overview
American Chemical Society, operating under the name Rubber Division Acs, is located in Akron, OH. 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. As of 12/2021, Rubber Division Acs employed 8 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rubber Division Acs 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 12/2021, Rubber Division Acs generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RUBBER DIVISION OF THE AMERICAN CHEMICAL SOCIETY IS AN INTERNATIONAL ASSOCIATION OF CHEMISTS, ENGINEERS, TECHNICIANS, SCIENTISTS, PLANT MANAGERS, SALES AND MARKETING PROFESSIONALS AND OTHERS IN THE RUBBER, POLYMER OR RELATED FIELDS WITHIN INDUSTRY, ACADEMIA AND GOVERNMENT. WE WORK TO EDUCATE, CONNECT AND GROW THE EVOLVING ELASTOMER INDUSTRY THROUGH EDUCATIONAL, TECHNICAL, BUSINESS AND NETWORKING ACTIVITIES. RUBBER DIVISION, ACS IS OVER 100 YEARS OLD OUR MISSION TO EDUCATE, CONNECT AND GROW THE EVOLVING ELASTOMER INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IEC IS THE ONE PLACE, ONE TIME A YEAR, WHERE YOU FIND THE BEST OF OUR INDUSTRY ALL UNDER ONE ROOF. IT IS AN EVENT WHERE CONNECTIONS ARE MADE, KNOWLEDGE IS SHARED, NEW PRODUCTS, NEW TECHNOLOGY AND NEW IDEAS ARE INTRODUCED.
THE TECHNICAL MEETING CONSISTS OF INDUSTRY AND ACADEMIC PRESENTATIONS THAT SPAN THE VAST ARRAY OF THE RUBBER AND ELASTOMER INDUSTRY.
ONLINE AND IN-PERSON EDUCATIONAL COURSES RELATED TO THE RUBBER AND ELASTOMER INDUSTRY. INSTRUCTORS ARE INDUSTRY PROFESSIONALS, FACILITATORS AND ACADEMIA.
THE IEC IS THE ONE PLACE, ONE TIME A YEAR, WHERE YOU FIND THE BEST OF OUR INDUSTRY ALL UNDER ONE ROOF. IT IS AN EVENT WHERE CONNECTIONS ARE MADE, KNOWLEDGE IS SHARED, NEW PRODUCTS, NEW TECHNOLOGY AND NEW IDEAS ARE INTRODUCED.
THE TECHNICAL MEETING CONSISTS OF INDUSTRY AND ACADEMIC PRESENTATIONS THAT SPAN THE VAST ARRAY OF THE RUBBER AND ELASTOMER INDUSTRY.
ONLINE AND IN-PERSON EDUCATIONAL COURSES RELATED TO THE RUBBER AND ELASTOMER INDUSTRY. INSTRUCTORS ARE INDUSTRY PROFESSIONALS, FACILITATORS AND ACADEMIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lakisha Barclay Executive Director And CEO | OfficerTrustee | 40 | $135,000 |
Kim Dempsey-Miller Board Chair | OfficerTrustee | 5 | $0 |
James Eddy Board Chair-Elect | OfficerTrustee | 5 | $0 |
Anthony Mariniello Treasurer | OfficerTrustee | 5 | $0 |
Ron Campbell Secretary | OfficerTrustee | 5 | $0 |
Krista Toutant Assisant Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shepard Exposition Services Exposition Decoratio | 12/30/17 | $165,163 |
Huntington Convention Center Expo Rental Space | 12/30/17 | $118,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $164,717 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $103,837 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,724 |
| Noncash contributions included in lines 1a–1f | $99,471 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $464,278 |
| Total Program Service Revenue | $1,509,325 |
| Investment income | $22,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $49,753 |
| 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 | $2,045,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $135,000 |
| Compensation of current officers, directors, key employees. | $121,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $497,139 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $160,103 |
| Payroll taxes | $61,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,332 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,054 |
| Fees for services: Other | $0 |
| Advertising and promotion | $67,705 |
| Office expenses | $83,323 |
| Information technology | $132,719 |
| Royalties | $0 |
| Occupancy | $55,332 |
| Travel | $34,156 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $409,183 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,906 |
| Insurance | $17,277 |
| All other expenses | $32,559 |
| Total functional expenses | $2,074,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,331 |
| 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 | $131,914 |
| Net Land, buildings, and equipment | $1,121,659 |
| Investments—publicly traded securities | $1,635,050 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $222 |
| Total assets | $3,014,141 |
| Accounts payable and accrued expenses | $234,328 |
| Grants payable | $0 |
| Deferred revenue | $296,684 |
| 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 | $1,052,432 |
| Other liabilities | $72,564 |
| Total liabilities | $1,656,008 |
| Net assets without donor restrictions | $1,273,300 |
| Net assets with donor restrictions | $84,833 |
| 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 | $3,014,141 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asm International Materials Park, OH | $42,050,035 | $12,072,634 |
Minerals Metals & Materials Society Inc Pittsburgh, PA | $11,544,301 | $7,904,003 |
American Society For Nondestructive Testing Inc Columbus, OH | $37,182,492 | $8,026,821 |
American Chemical Society Akron, OH | $3,014,141 | $2,045,806 |
Engineers Society Of Western Pennsylvania Pittsburgh, PA | $3,604,129 | $866,768 |
Women In Bio Inc Pittsburgh, PA | $1,221,476 | $1,239,414 |
Kentucky Society For Technology Ineducation Waco, KY | $557,170 | $506,791 |
International Assoc Of Bridge Struc & Ornamental Iron Workers Loc 103 Evansville, IN | $1,117,516 | $406,909 |
Engineers Club Of Dayton Dayton, OH | $1,671,194 | $394,069 |
Society Of Plastics Engineers Troy, MI | $376,718 | $316,766 |
Ohio Society Of Professional Engineers Columbus, OH | $443,485 | $334,999 |
Kentucky Society Of Professional Engineers Frankfort, KY | $370,496 | $285,687 |