Aoac International
- Assets
- $12.4m
- Revenue
- $7.4m
- Investments
- $84.8k
- Employees
- 32
- Location
- Rockville, MD
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 53-0029357
Organization Overview
Aoac International is located in Rockville, MD. The organization was established in 1997. As of 12/2021, Aoac International employed 32 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Aoac International 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, Aoac International generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
CONVENE GOVERNMENT, INDUSTRY, ACADEMIA TO PRODUCE CONSENSUS TEST METHODS FOR FOOD AND HEALTH.
Describe the Organization's Program Activity:
PROPRIETARY/COMMERCIAL METHODS - THE ASSOCIATION PROVIDES INDEPENDENT THIRD PARTY METHOD CONFORMITY ASSESSMENT AND CERTIFICATION OF COMMERCIAL AND PROPRIETARY TEST KITS AND RAPID ASSAYS BASED ON CHARACTERIZED PRODUCT PERFORMANCE CLAIMS BY EXPERT EVALUATION AND EXPERT PEER REVIEW OF SUPPORTING DATA COLLECTED USING AOAC APPROVED TESTING PROTOCOLS.
TECHNICAL SERVICES -THE ASSOCIATION DEVELOPS STANDARD METHOD REQUIREMENTS TO SUPPORT INTERNATIONAL TRADE. IT IS ALSO AN INTERNATIONALLY RECOGNIZED ACCREDITED PROFICIENCY TESTING PROVIDER THAT OFFERS AN INDEPENDENT MEASURE OF QUALITY FOR PERFORMANCE TO FOOD LABORATORIES. THE ASSOCIATION FURTHER SUPPORTS LABORATORY QUALITY BY DEVELOPING AND PUBLISHING ACCREDITATION GUIDELINES FOR FOOD, DIETARY SUPPLEMENTS, AND PHARMACEUTICAL LABORATORIES.
PUBLICATIONS -TO ACHIEVE ITS OBJECTIVES AS A STANDARD DEVELOPMENT ORGANIZATION, THE ASSOCIATION PROVIDES TRANSPARENCY OF ITS PROCESSES AND DOCUMENTS ALL ACTIVITIES RELATED TO ITS THIRD PARTY CONSENSUS BUILDING IN INSIDE LABORATORY MANAGEMENT, AOAC'S MEMBERSHIP MAGAZINE, PLUS ALL STANDARDS AND NEW METHODS RESULTING FROM AOAC'S STANDARDS DEVELOPMENT STAKEHOLDER ACTIVITIES ARE PUBLISHED IN BOTH A PEER-REVIEWED SCHOLARLY JOURNAL, THE JOURNAL OF AOAC INTERNATIONAL, AND IN AOAC'S COMPENDIUM OF METHODS, THE OFFICIAL METHODS OF ANALYSIS OF AOAC INTERNATIONAL.THE JOURNAL ALSO SERVES AS THE FORUM FOR THE EXCHANGE OF INFORMATION AMONG METHOD RESEARCHERS AND PUBLISHES BASIC AND APPLIED ORIGINAL RESEARCH IN THE ANALYTICAL SCIENCES RELATED TO FOODS, DRUGS, AGRICULTURE, AND THE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Schmidt Executive Director | Officer | 40 | $335,597 |
Palmer Orlandi Chief Science Officer | Officer | 40 | $224,116 |
Jonathan Goodwin Deputy Executive Director, | Officer | 40 | $210,897 |
Scott Coates Sr. Director | 40 | $191,533 | |
Deborah Mckenzie Sr. Director, Standards | 40 | $178,385 | |
Dawn Frazier Sr. Director, Membership & | 40 | $178,277 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brunelle Biotech Consulting Technical Consulting | 12/30/21 | $194,757 |
Maria Falbo Nelson Technical Consulting | 12/30/21 | $118,924 |
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 | $132,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,350 |
| Total Program Service Revenue | $5,764,295 |
| Investment income | $175,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $730,693 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $612,448 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,426,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $914,622 |
| Compensation of current officers, directors, key employees. | $702,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,773,299 |
| Pension plan accruals and contributions | $179,237 |
| Other employee benefits | $295,657 |
| Payroll taxes | $233,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,990 |
| Fees for services: Accounting | $68,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $847,181 |
| Advertising and promotion | $33,431 |
| Office expenses | $273,758 |
| Information technology | $274,793 |
| Royalties | $5,049 |
| Occupancy | $269,891 |
| Travel | $63,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $257,790 |
| Interest | $13,450 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,032 |
| Insurance | $29,650 |
| All other expenses | $36,882 |
| Total functional expenses | $7,694,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,607,892 |
| Savings and temporary cash investments | $129,502 |
| Pledges and grants receivable | $82,500 |
| Accounts receivable, net | $776,111 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,875 |
| Prepaid expenses and deferred charges | $94,665 |
| Net Land, buildings, and equipment | $254,392 |
| Investments—publicly traded securities | $9,293,444 |
| Investments—other securities | $84,760 |
| Investments—program-related | $0 |
| Intangible assets | $82,393 |
| Other assets | $0 |
| Total assets | $12,436,534 |
| Accounts payable and accrued expenses | $976,438 |
| Grants payable | $0 |
| Deferred revenue | $2,461,511 |
| 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 | $1,200,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $503,620 |
| Total liabilities | $5,141,569 |
| Net assets without donor restrictions | $7,249,202 |
| Net assets with donor restrictions | $45,763 |
| 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 | $12,436,534 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Aoac International has recieved totaling $166,413.
| Awarding Organization | Amount |
|---|---|
Johns Hopkins University Baltimore, MD PURPOSE: SUB-AWARD | $53,471 |
Johns Hopkins University Baltimore, MD PURPOSE: SUB-AWARD | $53,471 |
Johns Hopkins University Baltimore, MD PURPOSE: SUB-AWARD | $53,471 |
United States Pharmacopeial Convention Inc Rockville, MD PURPOSE: Annual sponsorship | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aoac International Rockville, MD | $12,436,534 | $7,426,989 |
Baltimore Research & Education Foundation Inc Baltimore, MD | $23,993,863 | $4,940,925 |
Renfrew Center Foundation Philadelphia, PA | $340,281 | $262,225 |
Pda Foundation For Pharmaceutical Education Training And Research Bethesda, MD | $12,989 | $0 |
Alpha Research Foundation Inc Bethesda, MD | $18,188 | $449 |
Abraham S Ende Research Foundation Inc Petersburg, VA | $10,425 | $0 |