American Society For Biochemistry And Molecular Biology Inc

Organization Overview

American Society For Biochemistry And Molecular Biology Inc is located in Rockville, MD. The organization was established in 1942. 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, American Society For Biochemistry And Molecular Biology Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society For Biochemistry And Molecular Biology 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 12/2021, American Society For Biochemistry And Molecular Biology Inc generated $17.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $9.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE THE SCIENCE OF BIOCHEMISTRY AND MOLECULAR BIOLOGY - SEE PART III AND SCH O

Describe the Organization's Program Activity:

ASBMB PUBLISHES SEVERAL SCHOLARLY JOURNALS, WHICH EFFECTIVE JANUARY 1, 2021 BECAME OPEN ACCESS, FREELY AVAILABLE TO THE SCIENTIFIC COMMUNITY THAT INCLUDES SCIENTISTS, STUDENTS, AND SCHOLARLY INSTITUTIONS. THE JOURNAL OF BIOLOGICAL CHEMISTRY IS PUBLISHED WEEKLY, AND INCLUDES OVER 30,000 PAGES PER YEAR OF ORIGINAL RESEARCH REPORTS ON BIOCHEMISTRY AND MOLECULAR BIOLOGY. ALL SCIENTIFIC PAPERS SUBMITTED FOR PUBLICATION GO THROUGH AN EXTENSIVE PEER-REVIEW PROCESS INVOLVING SOME OF THE MORE THAN 700 MEMBERS OF THE JOURNAL'S EDITORIAL BOARD.IN ADDITION, ASBMB PUBLISHES A MONTHLY MEMBER MAGAZINE, ASBMB TODAY. THIS MAGAZINE FOCUSES ON INTERNAL SOCIETY NEWS, AS WELL AS PUBLIC AFFAIRS AND MATTERS OF BROAD INTEREST TO THE MEMBERSHIP, SUCH AS COMMITTEE ACTIVITIES AND EDUCATIONAL INITIATIVES.ASBMB ALSO HOLDS AN ANNUAL MEETING, AT WHICH ITS MEMBERS AND OTHER DISTINGUISHED SCIENTISTS PRESENT SCHOLARLY PAPERS AND DISCUSS CURRENT RESEARCH AND ISSUES IN THE FIELD OF BIOCHEMISTRY AND MOLECULAR BIOLOGY.ASBMB MAKES A NUMBER OF GRANTS AND AWARDS TO PROMISING SCIENTISTS IN THE BIOCHEMISTRY FIELD, INCLUDING AWARDS BY MERCK, VALLEE AND AVANTI.ASBMB HAS A NUMBER OF SUBCOMMITTEES THROUGH WHICH A WIDE VARIETY OF ACTIVITIES ARE ORGANIZED AND CONDUCTED.THE PUBLIC AFFAIRS ADVISORY COMMITTEE IS RESPONSIBLE FOR MONITORING AND COMMENTING ON LEGISLATIVE AND REGULATORY ISSUES OF INTEREST TO THE SOCIETY. THE COMMITTEE IS ALSO RESPONSIBLE FOR WORKING WITH THE NEWS MEDIA TO PUBLICIZE THE SOCIETY'S VIEWS ON ISSUES OF INTEREST TO THE BIOCHEMICAL RESEARCH COMMUNITY.THE EDUCATION AND PROFESSIONAL DEVELOPMENT COMMITTEE FOCUSES ON EDUCATION AND PROFESSIONAL DEVELOPMENT ISSUES IN GENERAL, AS WELL AS THE PARTICULAR PROBLEMS FACED BY WOMEN AND UNDER-REPRESENTED MINORITIES IN THE BIOCHEMICAL FIELD. THE COMMITTEE HAS PUBLISHED A CAREERS BROCHURE ENTITLED UNLOCKING LIFE'S SECRETS: CAREER OPPORTUNITIES IN BIOCHEMISTRY AND MOLECULAR BIOLOGY. THIS BROCHURE IS AIMED AT HIGH SCHOOL STUDENTS AND UNDERGRADUATES WHO MAY BE CONSIDERING PURSUING CAREERS IN BIOCHEMISTRY OR MOLECULAR BIOLOGY. ADDITIONALLY, THE COMMITTEE HAS PREPARED A RECOMMENDED CURRICULUM IN BIOCHEMISTRY FOR UNDERGRADUATES, AND HAS SURVEYED GRADUATE SCHOOLS AND THE BIOTECHNOLOGY INDUSTRY ON WHAT COURSES THESE INSTITUTIONS WOULD LIKE PROSPECTIVE STUDENTS OR EMPLOYEES TO HAVE TAKEN.THE MAXIMIZING ACCESS COMMITTEE TAKES A STRONG INTEREST IN EDUCATION MATTERS AS THEY PERTAIN TO AFRICAN, HISPANIC, AND NATIVE AMERICAN STUDENTS. VERY FEW PERSONS FROM THESE GROUPS ENTER THE FIELDS.IN ADDITION TO THE ABOVE COMMITTEE ACTIVITIES, ASBMB IS ONE OF THE FOUNDING ORGANIZATIONS OF MINORITIES IN SCIENCES AND TECHNOLOGY (MIST), A WASHINGTON-BASED COALITION OF SCIENCE ORGANIZATIONS INTERESTED IN INCREASING MINORITY EXPOSURE TO (AND PARTICIPATION IN) SCIENCE. MIST SERVES AS AN INFORMATION EXCHANGE AND COORDINATING MECHANISM AMONG THE VARIOUS SCIENTIFIC SOCIETIES INTERESTED IN MINORITY SCIENCE EDUCATION, AND SPONSORS AN ANNUAL CAREER FAIR IN WHICH ASBMB PARTICIPATES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Knowledgeworks Global Ltd
Technology
$285,424
Dartmouth Printing Company
Printing
$127,676
View All Vendors

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$74,574
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$74,574
Total Program Service Revenue$3,999,638
Investment income $2,249,302
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,522,771
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,687,280

Grants Awarded

Over the last fiscal year, American Society For Biochemistry And Molecular Biology Inc has awarded $57,204 in support to 3 organizations.

Grant RecipientAmount

UNIVERSITY AUXILIARY AND RESEARCH SERVICES CORPORATION

Org PageRecipient Profile

San Marcos, CA

PURPOSE: INTERACTIVE MENTORING PROGRAM

$57,204
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that American Society For Biochemistry And Molecular Biology Inc has recieved totaling $5,070.

Awarding OrganizationAmount
Fthree Foundation

San Francisco, CA

PURPOSE: SUPPORT ASBMB DEUEL CONF ON LIPIDS

$5,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$70
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,753,171
Earnings$223,713
Other Expense$176,491
Ending Balance$2,800,393

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