Overview
What is American Chemistry Council?
The American Chemistry Council (ACC) is a prominent nonprofit organization headquartered in Washington, D.C. With a team of 315 employees, their mission is to champion the interests of the global chemistry industry, including those in the United States, its territories, and possessions. In 2022, the American Chemistry Council demonstrated its commitment to sustainability and emissions reduction. They have been advocates for the phase-down of Hydrofluorocarbons (HFCs) under the Kigali Amendment and supported its implementation. Additionally, they launched the Lower Emissions Future initiative to secure key provisions in the 2021 Infrastructure Law and the 2022 Inflation Reduction Act that will accelerate the development of lower emissions technologies and infrastructure. Their member companies have reported a 12% decrease in greenhouse gas emissions since 2017.
Official website here: www.americanchemistry.com
What are the reviews and ratings of this charity?
The American Chemistry Council is not currently rated by Charity Navigator due to its status that does not fit the criteria for their rating systems. It is not a 501(c)(3) IRS registered nonprofit, which limits the available financial and accountability evaluations. The lack of a Charity Navigator rating does not convey a definite positive or negative stance but reflects their evaluation criteria.
Since the organization does not have an Accountability & Finance or Impact & Measurement beacon score, specific insights into its operational efficiency, financial health, and the impact are not available. The foundation's independence suggests it operates without external affiliations influencing its actions or policies.
There are no user reviews found on GreatNonprofits for the American Chemistry Council, thus limiting insight into public perception and qualitative feedback concerning its operations or mission success. The absence of reviews precludes broader community perspectives that could complement the impartial Charity Navigator criteria.
This AI summary has been generated from information found on Charity Navigator.
Is American Chemistry Council legitimate?
American Chemistry Council is a legitimate nonprofit organization registered as a 501(c)(6) entity. American Chemistry Council 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: $8,114,996
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,807,588
For more financial information, click here
Official website here: www.americanchemistry.com
What is the mission statement of American Chemistry Council?
The American Chemistry Council works to advocate for the interests of the chemistry industry in the United States and beyond. Its primary goal is to promote the business of chemistry on a global scale. In 2022, the council demonstrated its commitment to sustainability by showcasing the chemical industry as a "lower emissions enabler," leading the way in innovative solutions to reduce emissions. After years of support, the ACC also backed the Kigali Amendment in 2022 to help phase down the production and use of hydrofluorocarbons (HFCs). Furthermore, the council launched the Lower Emissions Future initiative to secure key provisions in the 2022 Inflation Reduction Act and 2021 Bipartisan Infrastructure Law, which will accelerate the development of lower emissions technologies and infrastructure. The industry has made significant strides in reducing greenhouse gas emissions, with a 12% decrease in greenhouse gas intensity since 2017.
Official website here: www.americanchemistry.com
Who is the CEO of American Chemistry Council?
Chris Jahn is the Principal Officer of American Chemistry Council. The CEO's salary of American Chemistry Council is $456,451 and their total compensation is $525,585.
Official website here: www.americanchemistry.com
What is the revenue of American Chemistry Council?
American Chemistry Council's revenue in 2022 was $149,402,320.
Official website here: www.americanchemistry.com
Who are the executives of American Chemistry Council and what are their salaries?
The average compensation at American Chemistry Council during 2022 was $142,611. There are 315 employees and 58 volunteers at American Chemistry Council.
Here are 73 key members and their salaries (American Chemistry Council's CEO's salary is $456,451 and their total compensation is $525,585):
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Official website here: www.americanchemistry.com
Where can I find the form 990 for American Chemistry Council?
American Chemistry Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.americanchemistry.com
Learn more at the official website: www.americanchemistry.com
Mission Statement of American Chemistry Council
The American Chemistry Council (ACC) is a leading organization that advocates for the business of chemistry in the United States and beyond. Its mission is geared towards promoting the interests of the chemical industry, both domestically and globally. The council takes a proactive role in bringing innovative solutions to the table, particularly in the area of reducing emissions.
In recent years, the American Chemistry Council has demonstrated its commitment to sustainability and emissions reduction. One of its notable achievements includes advocating for the Kigali Amendment, a global treaty aimed at phasing down the production and use of hydrofluorocarbons (HFCs). By supporting this treaty, the ACC played a crucial role in helping it cross the finish line.
Additionally, the American Chemistry Council launched the Lower Emissions Future initiative to secure key provisions in the Inflation Reduction Act and the Bipartisan Infrastructure Law. This initiative accelerates the development of lower emissions technologies and infrastructure, which is essential for a more sustainable future. The chemical industry, through the ACC's efforts, has shown significant progress in reducing greenhouse gas emissions. Since 2017, there has been a 12% decrease in greenhouse gas intensity.
In summary, the American Chemistry Council is a powerful advocate for the chemical industry, working tirelessly to promote its interests and drive positive change. By focusing on emissions reduction and advocating for sustainable policies, the ACC is paving the way for a more sustainable future for the chemical industry and the planet.
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Impact
October, 2024
The American Chemistry Council (ACC) plays a pivotal role in advancing the interests of the chemical industry in the United States and globally. The ACC's actions, particularly in 2022, highlight its commitment to sustainability, positioning the chemical sector as a "lower emissions enabler." By promoting innovative solutions designed to reduce emissions, the ACC reinforces the industry's contribution to a more sustainable future.
A notable focus has been the support of international agreements like the Kigali Amendment, aimed at phasing down the use of hydrofluorocarbons (HFCs). The ACC's efforts have not only contributed to global environmental goals but have also shaped national legislation. The organization's launch of the "Lower Emissions Future" initiative has been instrumental in securing provisions in significant legislative acts, such as the 2022 Inflation Reduction Act and the 2021 Bipartisan Infrastructure Law, which are designed to accelerate the development of lower emissions technologies and infrastructure.
In terms of tangible results, the ACC has demonstrated the progress of its member companies in mitigating climate impact, reporting a 12% decrease in greenhouse gas intensity since 2017. This achievement underscores the sector's proactive approach to environmental challenges and its capacity to generate meaningful change in greenhouse gas reduction. The ACC continues to play a crucial role in advocating for policies and actions that enable the chemical industry to contribute to a sustainable future.
This information is meant to be a general summary of American Chemistry Council. 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: $2,813,956
- Program Service Revenue: $144,753,966
- Gross Receipts: $226,195,287
Assets and Liabilities:
- Total Assets: $167,083,777
- Total Liabilities: $114,071,359
- Net Assets: $53,012,418
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$96,493,124
CHEMTREC REG FEES
Revenue
$33,238,297
O/H REIMBURSEMENT
Revenue
$7,417,401
OTHER PROJECTS
Revenue
$3,560,495
MEETINGS/SEMINARS
Revenue
$2,259,473
Organization Details
Founding Year
1950
Phone
(202) 249-7000Principal Officer
Chris Jahn
Main Address
700 2ND ST NE, WASHINGTON, DC, 20002
Website
www.americanchemistry.comNTEE Category
Code: S41 - Community improvement
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