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) |
|---|
Related Resources
Masterclasses
Valorization of Biobased Feedstocks: Lignin Trash to Treasure
This masterclass will cover the basics of obtaining cellulose, hemicellulose, and lignin from biomass (biobased feedstocks).
INFORM seminars, Webinars (On-Demand)
How Stereoisomerism Affects Molecular Assembly
Through a focused discussion of sugar alcohol–based oleogelators, this seminar offers insight into how subtle molecular differences can significantly impact performance and formulation decisions in food systems and soft materials research.
INFORM seminars, Webinars (On-Demand)
Realizing Power-to-Food: Optimizing microbial hydrogen fermentation for maximum protein yields
How can microbes transform carbon dioxide and hydrogen into high-quality protein? In this INFORM seminar, we go behind the research featured in the INFORM article “The (hydro)generation of sustainable foods” with author Carlos Woern, doctoral researcher in Food Science at the University of Massachusetts.