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← FOUNDATION FOR CHEMISTRY RESEARCH AND INITIATIVES

Form 990 for tax year 2023

Filed by FOUNDATION FOR CHEMISTRY RESEARCH AND INITIATIVES.

Totals

Total revenue
$741,004
Total expenses
$1,974,464
Contributions and grants received
$683,394
Grants paid
$870,958
Program service revenue
$0
Investment income
$57,610
Other revenue
$0
Total assets, end of year
$3,228,808
Total liabilities, end of year
$290,735
Net assets or fund balances, end of year
$2,938,073
Program services expenses (Part IX)
$1,891,442
Management and general expenses
$83,022
Fundraising expenses
$0
Program service expenses (Part III)
$1,891,442

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RICHARD A BECKER

    TRUSTEE

    Total calculated
    $401,083
    From this org
    $0
    From related orgs
    $329,380
    Other
    $71,703
    Hours/week
    1 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,839 related
    Bonus
    $0 + $50,750 related
    Other
    $0 + $4,791 related
    Deferred
    $0 + $39,726 related
    Nontaxable benefits
    $0 + $31,977 related
    Filer's total
    $0 + $401,083 related

  • WILLIAM J WEST

    TRUSTEE

    Total calculated
    $283,664
    From this org
    $0
    From related orgs
    $239,678
    Other
    $43,986
    Hours/week
    1 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,635 related
    Bonus
    $0 + $28,000 related
    Other
    $0 + $1,043 related
    Deferred
    $0 + $29,011 related
    Nontaxable benefits
    $0 + $14,975 related
    Filer's total
    $0 + $283,664 related

  • CHARLES FRANKLIN

    TRUSTEE

    Total calculated
    $344,470
    From this org
    $0
    From related orgs
    $272,711
    Other
    $71,759
    Hours/week
    1 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,031 related
    Bonus
    $0 + $22,250 related
    Other
    $0 + $2,430 related
    Deferred
    $0 + $33,870 related
    Nontaxable benefits
    $0 + $37,889 related
    Filer's total
    $0 + $344,470 related

  • KARIN KRCHNAK

    TRUSTEE

    Total calculated
    $395,512
    From this org
    $0
    From related orgs
    $318,199
    Other
    $77,313
    Hours/week
    1 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $283,194 related
    Bonus
    $0 + $32,250 related
    Other
    $0 + $2,755 related
    Deferred
    $0 + $38,850 related
    Nontaxable benefits
    $0 + $38,463 related
    Filer's total
    $0 + $395,512 related

  • ROBERT J SIMON JR

    EXECUTIVE DIRECTOR

    Total calculated
    $775,575
    From this org
    $0
    From related orgs
    $675,295
    Other
    $100,280
    Hours/week
    1 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,028 related
    Bonus
    $0 + $185,250 related
    Other
    $0 + $3,017 related
    Deferred
    $0 + $60,546 related
    Nontaxable benefits
    $0 + $39,734 related
    Filer's total
    $0 + $775,575 related

  • LAURA GOODING

    SECRETARY

    Total calculated
    $359,844
    From this org
    $0
    From related orgs
    $294,168
    Other
    $65,676
    Hours/week
    1 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,940 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $1,228 related
    Deferred
    $0 + $35,647 related
    Nontaxable benefits
    $0 + $30,029 related
    Filer's total
    $0 + $359,844 related

  • COLLEEN STEVENS

    PROGRAM DIRECTOR & TREASURER

    Total calculated
    $175,955
    From this org
    $0
    From related orgs
    $148,468
    Other
    $27,487
    Hours/week
    1 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,201 related
    Bonus
    $0
    Other
    $0 + $267 related
    Deferred
    $0 + $17,817 related
    Nontaxable benefits
    $0 + $9,670 related
    Filer's total
    $0 + $175,955 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE FOUNDATION FOR CHEMISTRY RESEARCH AND INITIATIVES DOES NOT COMPENSATE OFFICERS OR DIRECTORS. ALL OFFICERS AND DIRECTORS SERVE ON THE FOUNDATIONS' BOARD WITHOUT COMPENSATION. ALL COMPENSATION SHOWN IN PART VII OF THE FORM 990, AND SCHEDULE J, PAGE 2, PART II, IS PAID BY A RELATED ORGANIZATION OF THE FOUNDATION FOR CHEMISTRY RESEARCH AND INITIATIVES, THE AMERICAN CHEMISTRY COUNCIL. THE COMPENSATION DETERMINATION METHODOLOGY OF THE AMERICAN CHEMISTRY COUNCIL IS AS FOLLOWS: THE ACC COMPENSATION COMMITTEE IS COMPRISED OF THE ACC OFFICERS. THE COMPENSATION COMMITTEE REVIEWS THE PERFORMANCE AND SETS THE ANNUAL COMPENSATION OF THE ACC PRESIDENT AND CEO PURSUANT TO AGREED-UPON CONTRACTUAL TERMS. THE COMPENSATION COMMITTEE ALSO REVIEWS AND APPROVES THE ANNUAL COMPENSATION AS RECOMMENDED BY THE PRESIDENT AND CEO FOR COVERED INDIVIDUALS. COVERED INDIVIDUALS CONSIST OF CHIEF EMPLOYED EXECUTIVES, OFFICERS, VICE PRESIDENTS AND MANAGING DIRECTORS AS APPOINTED TO THE SENIOR STAFF TEAM BY THE PRESIDENT AND CEO. IN 2023, THE COMPENSATION COMMITTEE REVIEWED PERFORMANCE, AWARDED THE BONUS, AND APPROVED THE 2023 BASE COMPENSATION FOR THE PRESIDENT AND CEO. FOR THE REMAINING COVERED INDIVIDUALS, THE PRESIDENT AND CEO RECOMMENDED BONUSES AND 2023 BASE SALARIES TO THE COMPENSATION COMMITTEE USING A COMPREHENSIVE BENCHMARK STUDY THAT IS PERFORMED ON AN ANNUAL BASIS. THE RECOMMENDATIONS OF THE PRESIDENT AND CEO WERE THEN APPROVED BY THE COMPENSATION COMMITTEE AT ITS NOVEMBER 2022 MEETING.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • LAKIND ASSOCIATES LLC

    $280,000

    TO SUPPORT CREATING AND SUSTAINING SUCCESSFUL PUBLIC - PRIVATE PARTNERSHIPS FOR ENVIRONMENTAL MONITORING PROGRAMS: PRINCIPLES AND ELEMENTS

  • UNIVERSITY OF ROCHESTER

    $275,000

    TO SUPPORT THE RESEARCH PROPOSED BY DR. ALISON ELDER ENTITLED ANALYSIS OF AIRBORNE MICROPLASTICS IN OUTDOOR ENVIRONMENTS AND TO SUPPORT THE RESEARCH PROPOSED BY DR. SAMANTHA ROMANICK ENTITLED CHARACTERIZATION OF HIGHLY REFERENCED COMMERICAL MONODISPERSED MICROPLASTICS TEST MATERIALS

  • SERVE YOUR CITY

    $75,000

    TO BENEFIT EDUCATION PROGRAMS, SUCH AS BACK TO SCHOOL BASH

  • THE PENNSYLVANIA STATE UNIVERSITY

    $50,000

    TO SUPPORT RESEARCH PROPOSED BY DR. XIAOSHI ZHANG ENTITLED UNDERSTANDING LOWER SIZE LIMITS OF MICROPLASTICS AND CHALLENGES FOR THEIR DECTECTION IN COMPLEX SAMPLES

  • OREGON STATE UNIVERSITY

    $43,600

    EVALUATING MORPHOLOGICAL BEHAVIOR

  • COMMUNITY AND COLLEGE PARTNERS PROGRAM

    $40,000

    FOR THE BENEFIT OF ACTIVITIES SUPPORTING THE FULTON, MO RIVERBANK STABILIZATION AND PHILADELPHIA SOLAR POWER GREENHOUSE FOR URBAN FARM

  • TOXICOLOGY EXCELLENCE FOR RISK ASSESSMENT

    $30,000

    AN HONORARIUM FOR DR. MICHAEL DOURSON'S COLLABORATION TO DEVELOP A RESEARCH PERSPECTIVES PUBLICAITON "BEYOND KEY CHARACTERISTICS OF CARCINOGENS: AN IMPROVED APPROACH FOR INTEGRATING MECHANISTIC DATA IN CANCER RISK MONOGRAPHS

  • AMERICAN INSTITUTE OF CHEMICAL ENGINEERS

    $15,000

    FOR THE BENEFIT OF HBCU WEEK 2023 COLLEGE FAIR

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202413189349304451

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