American Oil Chemists Society
- Assets
- $5.2m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 35
- Location
- Urbana, IL
- Founding
- 01/1965
- Data as of
- 12/2021
- EIN
- 36-2179819
Organization Overview
American Oil Chemists Society, operating under the name Aocs, is located in Urbana, IL. The organization was established in 1965. 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 12/2021, Aocs employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aocs 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, Aocs generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AOCS ADVANCES THE SCIENCE AND TECHNOLOGY OF OILS, FATS, PROTEINS, SURFACTANTS AND RELATED MATERIALS, ENRICHING THE LIVES OF PEOPLE EVERYWHERE.
Describe the Organization's Program Activity:
EDUCATION/MEETINGS & CONFERENCE-ANNUAL MEETINGS, WORLD CONFERENCE AND OTHER SHORT COURSES FOR EDUCATION AND NETWORKING.
TECHNICAL DEPARTMENT - EXPENSES FOR PROFESSIONAL ACTIVITIES RELATED TO TESTING MATERIALS AND OTHER TECHNICAL PROGRAMS AND PUBLICATION OF TECHNICAL METHODS OF ANALYSIS.
PUBLICATIONS - MONTHLY PUBLICATIONS OF JOURNAL OF AMERICAN OIL CHEMISTS, JOURNAL OF SURFACTANTS AND DETERGENTS, INFORM MAGAZINE, AND LIPIDS JOURNAL, AND MONOGRAPHS
MEMBERSHIP - MEMBERSHIP EXPENSE RELATED TO MEMBER SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Donnelly CEO | Officer | 38 | $232,723 |
Scott Bloomer Chief Science Officer | 40 | $145,216 | |
Gloria Cook Director Of Finance | Officer | 38 | $110,251 |
Grant Mitchell Treasurer | OfficerTrustee | 5 | $0 |
Silvana Martini Vice President | OfficerTrustee | 5 | $0 |
Phil Kerr President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckinley Advisors Consulting | 12/30/21 | $155,500 |
Personify Inc Software Service | 12/30/21 | $107,695 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $400,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $400,000 |
| Total Program Service Revenue | $4,083,827 |
| Investment income | $83,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,042 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,965,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,205 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,050 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $597,570 |
| Compensation of current officers, directors, key employees. | $197,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,561,534 |
| Pension plan accruals and contributions | $38,153 |
| Other employee benefits | $238,174 |
| Payroll taxes | $157,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,552 |
| Fees for services: Accounting | $29,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,856 |
| Fees for services: Other | $268,634 |
| Advertising and promotion | $257,344 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $206,351 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144,424 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,234 |
| Insurance | $29,369 |
| All other expenses | $249,771 |
| Total functional expenses | $4,717,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $536,947 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $589,936 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,788 |
| Prepaid expenses and deferred charges | $368,164 |
| Net Land, buildings, and equipment | $1,128,740 |
| Investments—publicly traded securities | $2,571,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,203,190 |
| Accounts payable and accrued expenses | $370,245 |
| Grants payable | $0 |
| Deferred revenue | $1,171,443 |
| 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 | $1,541,688 |
| Net assets without donor restrictions | $3,242,563 |
| Net assets with donor restrictions | $418,939 |
| 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 | $5,203,190 |
Endowment Analysis
| Beg. Balance | $316,711 |
| Earnings | $388 |
| Ending Balance | $317,099 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Oil Chemists Society Urbana, IL | $5,203,190 | $4,965,547 |
National Biodiesel Foundation Jefferson City, MO | $368,400 | $275,504 |
American Chemical Society Park Ridge, IL | $2,051,727 | $148,469 |
American Chemical Society Columbia, MO | $752,965 | $102,455 |
American Chemical Society Indianapolis, IN | $130,493 | $0 |
American Chemical Society Ames, IA | $447,942 | $213,270 |
American Chemical Society Eureka, MO | $360,841 | $0 |
Polymer Processing Society Madison, WI | $363,192 | $0 |
Society Of Cosmetic Chemists Chicago, IL | $365,914 | $0 |
90th Division Association Nevada, IA | $17,529 | $0 |
Friends Of The Royal Society Of Chemistry Inc Milwaukee, WI | $40,963 | $6 |