Overview
What is Society Of Cosmetic Chemists?
The Society of Cosmetic Chemists is a distinguished nonprofit organization headquartered in New York City, specifically at 14 Wall Street, New York, NY 10005. Their primary mission is to foster advancements in cosmetic science by disseminating scientific information through meetings and publications. They achieve this by promoting research within the cosmetic science industry and upholding high ethical, professional, and educational standards. The Society aims to enhance the capabilities of cosmetic scientists, ultimately improving the field as a whole. The organization, with a workforce of 9 individuals, publishes technical papers in their journal, which is distributed to members and non-member subscribers alike.
Official website here: www.scconline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star rating)
The Society of Cosmetic Chemists has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and financial health. With an overall score of 91%, the organization has demonstrated a robust commitment to maintaining transparency and integrity in its operations, as evidenced by its perfect scores in key areas such as board independence and financial audits.
One of the organization's notable strengths is its fully independent board, with 100% of its members being independent, which enhances governance and decision-making processes. Additionally, the Society has established comprehensive policies around conflicts of interest, whistleblower protections, and document retention, contributing to a culture of accountability.
However, the Society's liabilities to assets ratio stands at 56%, which may be viewed as a potential area of concern, indicating moderate financial leverage. Despite this, the organization maintains a healthy program expense ratio of 70.29%, demonstrating effective allocation of resources towards its mission-related activities. Overall, the Society of Cosmetic Chemists showcases a strong financial and governance framework, with minor weaknesses that do not detract significantly from its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Society Of Cosmetic Chemists legitimate?
Society Of Cosmetic Chemists is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of Cosmetic Chemists submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $162,073
Professional Fundraising Fees: $0
Other Salaries and Wages: $311,739
For more financial information, click here
Official website here: www.scconline.org
What is the mission statement of Society Of Cosmetic Chemists?
The Society of Cosmetic Chemists has a mission to advance the field of cosmetic science. They strive to increase and disseminate scientific information through meetings and publications. By promoting research in cosmetic science and the industry, and by setting high ethical, professional, and educational standards, they aim to improve the qualifications and caliber of cosmetic scientists. Their activities include publishing technical papers in the journal of cosmetic science, which is distributed to both members and non-member subscribers.
Official website here: www.scconline.org
Who is the CEO of Society Of Cosmetic Chemists?
Erica O'Grady is the Ceo of Society Of Cosmetic Chemists. The CEO's salary of Society Of Cosmetic Chemists is $147,101 and their total compensation is $162,073.
Official website here: www.scconline.org
What is the revenue of Society Of Cosmetic Chemists?
Society Of Cosmetic Chemists's revenue in 2022 was $1,978,586.
Official website here: www.scconline.org
Who are the executives of Society Of Cosmetic Chemists and what are their salaries?
The average compensation at Society Of Cosmetic Chemists during 2022 was $52,646. There are 9 employees at Society Of Cosmetic Chemists.
Here are 18 key members and their salaries (Society Of Cosmetic Chemists's CEO's salary is $147,101 and their total compensation is $162,073):
- Compensation: $147,101
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- Other: $14,972
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Official website here: www.scconline.org
Where can I find the form 990 for Society Of Cosmetic Chemists?
Society Of Cosmetic Chemists's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scconline.org
Learn more at the official website: www.scconline.org
Mission Statement of Society Of Cosmetic Chemists
The Society of Cosmetic Chemists, a renowned organization, is committed to advancing the field of cosmetic science. Their mission is twofold: firstly, they aim to increase and disseminate scientific knowledge in the cosmetic industry through meetings and publications. Secondly, they strive to promote research in cosmetic science and set high ethical, professional, and educational standards. By doing so, they aim to enhance the qualifications and caliber of cosmetic scientists. They achieve this mission by publishing technical papers in their journal, 'The Journal of Cosmetic Science', which is distributed to both members and non-member subscribers. This journal serves as a vital platform for the sharing of new discoveries and advancements in the field of cosmetic science.
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Impact
July, 2024
The Society of Cosmetic Chemists plays a vital role in advancing cosmetic science by increasing and disseminating scientific information through meetings and publications. By promoting research in cosmetic science and industry and setting high ethical, professional, and educational standards, the Society improves the qualifications and caliber of cosmetic scientists. The Journal of Cosmetic Science, which is published by the Society, distributes technical papers to all members and non-member subscribers, contributing further to the field of cosmetic science. Through these efforts, the Society of Cosmetic Chemists has a significant impact on the science research community and the cosmetic industry as a whole.
This information is meant to be a general summary of Society Of Cosmetic Chemists. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27,514
- Program Service Revenue: $1,556,357
- Gross Receipts: $2,195,579
Assets and Liabilities:
- Total Assets: $1,646,116
- Total Liabilities: $921,830
- Net Assets: $724,286
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MEETING
Revenue
$817,956
MEMBERSHIP
Revenue
$691,498
PUBLICATION
Revenue
$46,903
Organization Details
Founding Year
1947
Phone
(212) 668-1500Principal Officer
Erica O'Grady
Main Address
14 WALL STREET, NEW YORK, NY, 10005
Website
www.scconline.orgNTEE Category
Code: U030 - Science research
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