Overview
What is American Society For Biochemistry And Molecular Biology Inc?
The American Society for Biochemistry and Molecular Biology Inc, based in Rockville, Maryland, is a renowned nonprofit organization dedicated to advancing the field of biochemistry and molecular biology. They publish several scholarly journals, transitioning to open access as of January 1, 2021, providing free access to the scientific community, including scientists, students, and scholarly institutions. One of their prominent journals, The Journal of Biological Chemistry, publishes over 30,000 pages annually, featuring original research reports in biochemistry and molecular biology. The organization employs an extensive peer-review process involving its editorial board members for scientific paper submissions. Besides publishing, they issue a monthly member magazine, ASBMB Today, focusing on internal society news, public affairs, and matters of interest to the membership. The American Society for Biochemistry and Molecular Biology Inc also holds an annual meeting, where members and distinguished scientists present scholarly papers and discuss current research in the field. They offer grants and awards to promising scientists in the biochemistry field and engage in various activities through subcommittees, such as the Public Affairs Advisory Committee and the Education and Professional Development Committee. These committees tackle issues related to legislation, professional development, and education, particularly for women and under-represented minorities in the biochemical field.
Official website here: www.asbmb.org/
What are the reviews and ratings of this charity?
The American Society For Biochemistry And Molecular Biology Inc holds a Three-Star out of Four Star rating from Charity Navigator, with an overall score of 84%, indicating good but not exceptional performance in terms of accountability and finance. The organization's evaluation is based entirely on financial accountability, as impact, culture, and leadership are not scored. Despite having strong financial practices and independent governance, there are areas needing improvement regarding policy documentation.
The nonprofit excels in financial accountability, boasting a perfect score for board independence, liabilities to assets ratio, and program expense ratio. This suggests prudent financial management and effective allocation of funds towards its programs. However, missing policies related to conflict of interest, whistleblower protection, and document retention highlight opportunities for enhancing transparency and operational integrity.
There are no available user reviews on GreatNonprofits to provide additional insights into the experiences of those engaging with the organization. Consequently, the overall picture is constructed primarily from financial metrics and governance structures, painting a picture of a financially sound organization but with room for improvement in policy implementation.
This AI summary has been generated from information found on Charity Navigator.
Is American Society For Biochemistry And Molecular Biology Inc legitimate?
American Society For Biochemistry And Molecular Biology Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Society For Biochemistry And Molecular Biology Inc 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: $395,074
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,564,897
For more financial information, click here
Official website here: www.asbmb.org/
What is the mission statement of American Society For Biochemistry And Molecular Biology Inc?
The American Society for Biochemistry and Molecular Biology Inc's mission is centered around advancing the field of biochemistry and molecular biology. Their primary objective is to promote a deeper understanding of the molecular aspects of life processes. To achieve this, they publish several scholarly journals, including "The Journal of Biological Chemistry," which is freely accessible to the scientific community. These journals undergo a rigorous peer-review process, ensuring the publication of credible research. The society also publishes a monthly magazine, ASBMB Today, focusing on internal news, public affairs, and matters of interest to its members. Furthermore, they organize an annual meeting where members and distinguished scientists present research and discuss current issues in the field. Additionally, the American Society for Biochemistry and Molecular Biology Inc provides grants and awards to promising scientists in the biochemistry field and engages in various activities through subcommittees, such as public affairs and education and professional development.
Official website here: www.asbmb.org/
Who is the CEO of American Society For Biochemistry And Molecular Biology Inc?
Stephen Miller is the President of American Society For Biochemistry And Molecular Biology Inc.
Official website here: www.asbmb.org/
What is the revenue of American Society For Biochemistry And Molecular Biology Inc?
American Society For Biochemistry And Molecular Biology Inc's revenue in 2022 was $11,809,029.
Official website here: www.asbmb.org/
Who are the executives of American Society For Biochemistry And Molecular Biology Inc and what are their salaries?
The average compensation at American Society For Biochemistry And Molecular Biology Inc during 2022 was $82,499. There are 48 employees and 155 volunteers at American Society For Biochemistry And Molecular Biology Inc.
Here are 19 key members and their salaries:
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- Compensation: $169,458
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- Other: $32,863
Official website here: www.asbmb.org/
Where can I find the form 990 for American Society For Biochemistry And Molecular Biology Inc?
American Society For Biochemistry And Molecular Biology Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asbmb.org/
Learn more at the official website: www.asbmb.org/
Mission Statement of American Society For Biochemistry And Molecular Biology Inc
The American Society for Biochemistry and Molecular Biology Inc is dedicated to advancing the field of biochemistry and molecular biology. Their primary mission is to promote the understanding of life processes at a molecular level. To accomplish this, the organization publishes several scholarly journals, including The Journal of Biological Chemistry, which provides a platform for researchers to share their findings in the field. These journals undergo rigorous peer-review processes, ensuring the publication of credible and high-quality research.
Beyond publishing, the American Society for Biochemistry and Molecular Biology Inc also engages in various activities to support the scientific community. They hold an annual meeting where distinguished scientists present their research and discuss current issues in the field. Furthermore, the society awards promising scientists in the biochemistry field, such as those recognized by Merck, Vallee, and Avanti.
In addition to these activities, the American Society for Biochemistry and Molecular Biology Inc has several committees focused on different aspects of the field. The Public Affairs Advisory Committee monitors and comments on legislative and regulatory issues of interest to the society, while the Education and Professional Development Committee focuses on educational and professional development issues, particularly for women and under-represented minorities in the biochemical field. The society is also involved in initiatives to increase minority exposure to and participation in science, such as its participation in Minorities in Sciences and Technology (MIST).
In summary, the American Society for Biochemistry and Molecular Biology Inc is a leading organization in the field of biochemistry and molecular biology. Through its publications, meetings, grants, and committees, it supports the scientific community, promotes research, and advocates for policies that benefit the field.
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Impact
July, 2024
The American Society for Biochemistry and Molecular Biology Inc has a significant impact on advancing the science of biochemistry and molecular biology. Through its activities such as publishing scholarly journals, organizing annual meetings, providing grants and awards to scientists, and conducting various committee initiatives, the Society plays a crucial role in promoting research and education in the field.
One of the key contributions of the Society is its commitment to open access publishing, making scientific research more widely available to the scientific community, including scientists, students, and scholarly institutions. The publication of journals like the Journal of Biological Chemistry, which features original research reports on biochemistry and molecular biology, facilitates the dissemination of cutting-edge research findings and promotes scientific progress.
Additionally, the Society's focus on education and professional development, particularly for underrepresented minorities in the biochemical field, demonstrates its dedication to fostering diversity and inclusivity in science. By offering resources like career brochures, recommended curricula, and participating in initiatives like Minotiries in Sciences and Technology (MIST), the Society strives to empower a more diverse group of individuals to pursue careers in biochemistry and molecular biology.
Overall, the American Society for Biochemistry and Molecular Biology Inc's activities have a profound impact on advancing scientific knowledge, promoting diversity in the field, and supporting the next generation of scientists in their pursuit of understanding the molecular nature of life processes.
This information is meant to be a general summary of American Society For Biochemistry And Molecular Biology Inc. 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: $5,070,311
- Program Service Revenue: $6,249,810
- Gross Receipts: $45,636,691
Assets and Liabilities:
- Total Assets: $110,573,826
- Total Liabilities: $9,704,710
- Net Assets: $100,869,116
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
JOURNALS AND OTHER PUBLICATIONS
Revenue
$4,243,847
SMALL MEETINGS
Revenue
$980,945
MEMBERSHIP DUES
Revenue
$726,574
ANNUAL MEETING
Revenue
$298,444
Organization Details
Founding Year
1919
Phone
(240) 283-6600Principal Officer
Stephen Miller
Main Address
6120 EXECUTIVE BLVD 400, ROCKVILLE, MD, 208529849
Website
www.asbmb.org/NTEE Category
Code: U030 - Science research
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