For the year ending December 31, 2023

 

Combined Statement of Financial Position

Assets
Current Assets $3,955,391
Property & Equipment, Net $98,577
Other Assets $521,571
Total Assets $4,575,539
Liabilities and Net Assets
Total Liabilities $1,978,739
Net Assets $2,596,800
Total Liabilities and Net Assets $4,575,539

 

The firm of Martin Hood LLC, Independent Public Accountants, audited the financial statements of AOCS for the fiscal year ending December 31, 2023. They reported that the combined financial statements present fairly, in all material respects, the financial position of the American Oil Chemists’ Society and Foundation as of December 31, 2023, and the changes in our net assets and cash flow for the year ended in conformity with accounting principles generally accepted in the United States of America.

 

Combined Statement of Activities

Support and Revenue
Publications $855,472
Education & Meetings $1,080,245
Technical Services $2,160,972
Membership $857,384
Contributions $15,050
Investment Income $283,423
Other $275,035
Total Support and Other $5,527,581
Expenses
Publications $555,368
Education & Meetings $936,039
Technical Services $1,426,002
Membership $663,791
Supporting Services $2,129,466
Fundraising $15,536
Total Expenses $5,726,202
Increase (Decrease) in Net Assets ($198,621)

Publish Date or Last Revised
October 30, 2024

Topic

  • Governance

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