Key Documents
AOCS is proud to have cultivated its reputation and 100-year legacy of operating based on its established By-Laws, Code of Ethics, and Antitrust Policy.
In This Section
AOCS Strategic Plan
Annual Reports
AOCS & Foundation Annual Financial Report 2023
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) |
|---|
- 2022 Annual Report (.pdf)
- 2021 Annual Report (.pdf)
- 2020 Annual Report (.pdf)
- 2019 Annual Report (.pdf)
- 2018 Annual Report (.pdf)
- 2018 Annual Business Meeting Minutes (.pdf)
- 2017 Annual Report (.pdf)
- 2017 Annual Business Meeting Minutes (.pdf)
- 2016 Annual Report (.pdf)
- 2015 Annual Report (.pdf)
- 2014 Annual Report (.pdf)
- 2013 Annual Report (.pdf)
By-Laws
AOCS By-Laws are regularly reviewed and updated as necessary to successfully carry out our Mission.
Download AOCS By-Laws (.pdf)
AOCS Procedures Related to Suspension or Termination of Membership (.pdf)
Code of Ethics
The AOCS does not discriminate against anyone seeking membership, so long as he/she is willing to adhere to the AOCS Code of Ethics. This Code has been adopted by the AOCS to define the rules of professional conduct for its members; it is signed by each applicant as a condition of membership.
AOCS Code of Ethics (.pdf)
AOCS Code of Conduct for Conferences and Events (.pdf)
AOCS Statement on Diversity and Inclusion (.pdf)
Antitrust Policy
The American Oil Chemists' Society (the "Society") intends to strictly comply with antitrust laws of the United States, all state governments and any other relevant governing authority (the "Antitrust Laws"), and in furtherance of this intention, proclaims the following Antitrust Policy:
Download the AOCS Antitrust Policy (.pdf)
Transparency in Coverage Rule
For AOCS employees: to access the machine-readable files created and published by UnitedHealthcare, please click here.