American Nuclear Society Inc
- Assets
- $27.7m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 41
- Location
- Westmont, IL
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 81-1658523
Organization Overview
American Nuclear Society Inc is located in Westmont, IL. The organization was established in 2016. 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 12/2023, American Nuclear Society Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Nuclear 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 12/2023, American Nuclear Society Inc generated $13.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $13.2m during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER A STRONG, CONNECTED, AND ENGAGED PROFESSIONAL COMMUNITY THAT CULTIVATES NUCLEAR SCIENCE AND TECHNOLOGY FOR THE BENEFIT OF HUMANITY.
Describe the Organization's Program Activity:
MEETINGS AND NATIONAL CONVENTIONS: EXPENSES INCURRED FOR TWO NATIONAL MEETINGS AND 8 TOPICAL MEETINGS WITH SCIENTIFIC AND EDUCATION PRESENTATIONS. APPROXIMATELY 5,421 PROFESSIONALS, SCIENTISTS, ENGINEERS, STUDENTS AND GUESTS ATTENDED OUR MEETINGS IN 2023.
CENTER FOR NUCLEAR SCIENCE AND TECHNOLOGY INFORMATION; STANDARDS.
MEMBER SERVICES: EXPENSES INCURRED FOR SUPPORT SERVICE PROJECTS, MEMBER SERVICES, MEMBER AND SUBSCRIPTION PROMOTIONS, HONORS AND AWARDS, SCHOLARSHIPS, OFFICER SUPPORT AND SPECIAL PROJECTS TO PROMOTE NUCLEAR SCIENCE.
PUBLICATIONS: EXPENSES INCURRED FOR 4 RECURRING SCIENTIFIC JOURNALS, 2 MAGAZINES PROVIDED TO MEMBERS AND COMMERCIALLY, BOOKS, NEWSLETTERS, MEETING PROCEEDINGS, SPECIAL REPORTS TO ENHANCE AND PROMOTE NUCLEAR SCIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth S Petersen President | OfficerTrustee | 10 | $0 |
Lisa Marshall Vice President/president-Elect | OfficerTrustee | 10 | $0 |
Harsh S Desai Treasurer | OfficerTrustee | 10 | $0 |
Steven A Arndt Immediate Past President | OfficerTrustee | 10 | $0 |
Steven P Nesbit Past President | OfficerTrustee | 10 | $0 |
Kelsey Amundson Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alcherythm Events Llc Audio/visual Services | 12/30/23 | $366,522 |
Congressional Energy Engagement Leadership Programming | 12/30/23 | $171,104 |
Kingwill Company Inc Advertising Sales | 12/30/23 | $112,096 |
Aavex Technology Corp It Support Services | 12/30/23 | $155,468 |
St Croix Press Publishing Services | 12/30/23 | $308,557 |
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 | $3,287,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,287,954 |
| Total Program Service Revenue | $7,372,425 |
| Investment income | $656,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,275,676 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $855,238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,455,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $159,619 |
| Grants and other assistance to domestic individuals. | $279,567 |
| Grants and other assistance to Foreign Orgs/Individuals | $20,840 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $995,071 |
| Compensation of current officers, directors, key employees. | $716,982 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,939,443 |
| Pension plan accruals and contributions | $310,700 |
| Other employee benefits | $590,959 |
| Payroll taxes | $253,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,884 |
| Fees for services: Accounting | $54,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,317 |
| Fees for services: Other | $1,339,902 |
| Advertising and promotion | $107,993 |
| Office expenses | $265,964 |
| Information technology | $220,876 |
| Royalties | $0 |
| Occupancy | $15,386 |
| Travel | $356,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,976,426 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $119,154 |
| Insurance | $96,335 |
| All other expenses | $76,456 |
| Total functional expenses | $13,213,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,543 |
| Savings and temporary cash investments | $18,788 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $947,175 |
| 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 | $811,981 |
| Net Land, buildings, and equipment | $43,965 |
| Investments—publicly traded securities | $24,794,163 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $776,211 |
| Total assets | $27,740,826 |
| Accounts payable and accrued expenses | $1,599,156 |
| Grants payable | $0 |
| Deferred revenue | $1,297,237 |
| 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 | $2,941,950 |
| Total liabilities | $5,838,343 |
| Net assets without donor restrictions | $15,816,552 |
| Net assets with donor restrictions | $6,085,931 |
| 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 | $27,740,826 |
Grants Awarded
Over the last fiscal year, American Nuclear Society Inc has awarded $12,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH AMERICAN YOUNG GENERATION IN NUCLEAR PURPOSE: 2021 SPONSORSHIP | $7,000 |
AMERICAN INSTITUTE OF CHEMICAL ENGINEERS PURPOSE: STUDENT OF ENGINEERING INTERNSHIP | $5,500 |