Overview
What is American Oil Chemists' Society Foundation?
The American Oil Chemists' Society Foundation is a nonprofit organization situated in Urbana, Illinois. Its primary mission is to financially aid and motivate the work of the American Oil Chemists' Society by granting scholarships and awards. This support extends to the nonprofit activities of the American Oil Chemists' Society, a 501C(3) organization. The foundation's purpose is to encourage and strengthen the nonprofit endeavors of this society, contributing positively to its mission.
Official website here: www.aocs.org/found/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The American Oil Chemists' Society Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and finance management. This rating reflects a perfect score in several key areas, underscoring the organization's commitment to transparency and responsible stewardship of its resources.
Strengths of the foundation include a fully independent board, with all 10 members meeting the criteria for independence. The organization has demonstrated no material diversion of assets, and it maintains rigorous policies for conflict of interest and whistleblower protections. Additionally, the foundation's program expense ratio stands at an impressive 72.20%, showcasing a significant portion of funds directed toward its programs and mission.
While the rating highlights numerous strengths, it is essential to note that the overall score is based solely on financial accountability metrics. Potential donors may want to explore additional qualitative measures of impact and effectiveness to gain a more comprehensive understanding of the foundation's overall performance in its mission-related work.
This AI summary has been generated from information found on Charity Navigator.
Is American Oil Chemists' Society Foundation legitimate?
American Oil Chemists' Society Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Oil Chemists' Society Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aocs.org/found/
What is the mission statement of American Oil Chemists' Society Foundation?
The American Oil Chemists' Society Foundation's mission is to support and encourage the nonprofit activities of the American Oil Chemists' Society, a 501C(3) organization. To accomplish this, the foundation financially aids and encourages the work of the society through scholarships and awards. This commitment helps to advance the goals and initiatives of the American Oil Chemists' Society, ultimately contributing to the field's growth and development.
Official website here: www.aocs.org/found/
Who is the CEO of American Oil Chemists' Society Foundation?
Patrick Donnelly is the President of American Oil Chemists' Society Foundation. The CEO's salary of American Oil Chemists' Society Foundation is $0 and their total compensation is $263,238.
Official website here: www.aocs.org/found/
What is the revenue of American Oil Chemists' Society Foundation?
American Oil Chemists' Society Foundation's revenue in 2022 was $27,358.
Official website here: www.aocs.org/found/
Who are the executives of American Oil Chemists' Society Foundation and what are their salaries?
There 7 volunteers at American Oil Chemists' Society Foundation.
Here are 7 key members and their salaries (American Oil Chemists' Society Foundation's CEO's salary is $0 and their total compensation is $263,238):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $235,089
- Other: $28,149
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aocs.org/found/
Where can I find the form 990 for American Oil Chemists' Society Foundation?
American Oil Chemists' Society Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aocs.org/found/
Learn more at the official website: www.aocs.org/found/
Mission Statement of American Oil Chemists' Society Foundation
The American Oil Chemists' Society Foundation, a nonprofit organization, is dedicated to supporting and encouraging the charitable initiatives of the American Oil Chemists' Society. This support is primarily provided through financial aid and the granting of scholarships and awards. The foundation's mission is to bolster the work of the American Oil Chemists' Society, thereby contributing to the advancement of its objectives in the field of oil chemistry.
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Impact
October, 2024
The American Oil Chemists' Society Foundation significantly enhances the field of oil chemistry through its dedicated financial support for scholarships and awards. By providing these resources, the foundation encourages research and innovation within the industry. Its initiatives help nurture emerging talent, empowering the next generation of scientists and professionals in oil chemistry. Located in Urbana, IL, the foundation plays a crucial role in promoting scientific advancements and supporting the ongoing activities of the American Oil Chemists' Society, ultimately contributing to the growth and progression of the field.
This information is meant to be a general summary of American Oil Chemists' Society Foundation. 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: $16,273
- Gross Receipts: $76,560
Assets and Liabilities:
- Total Assets: $557,033
- Total Liabilities: $0
- Net Assets: $557,033
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Organization Details
Founding Year
1971
Phone
(217) 359-2344Principal Officer
Patrick Donnelly
Main Address
2710 S BOULDER DR, URBANA, IL, 618037190
Website
www.aocs.org/found/NTEE Category
Code: U99Z - Science research
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