tag:blogger.com,1999:blog-8964719845369935777.post8791015495022651877..comments2024-03-27T21:23:40.339-04:00Comments on Chemjobber: The 2015 ACS IRS Form 990Chemjobberhttp://www.blogger.com/profile/15932113680515602275noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-8964719845369935777.post-28336562177615852832016-11-28T08:35:04.910-05:002016-11-28T08:35:04.910-05:00Apparently the big dogs redirected chemist's s...Apparently the big dogs redirected chemist's salaries to their own. No hires, fired retirees returning to work part time, early retirements, and big savings from India. All healthy savings well spent on their salaries. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-26888136117830290362016-11-15T15:39:12.905-05:002016-11-15T15:39:12.905-05:00Think of the ACS as a volunteer organization, wher...Think of the ACS as a volunteer organization, where the board of directors (of which the President is one member) is unpaid.<br /><br />The board of directors hires the CEO, who administers the various functions of ACS. That person (the CEO) is paid, as are the rest of the staff.Chemjobberhttps://www.blogger.com/profile/15932113680515602275noreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-89087525211507910322016-11-15T14:10:51.273-05:002016-11-15T14:10:51.273-05:00So... why doesn't president elect and similar ...So... why doesn't president elect and similar positions draw a salary? Can anyone explain this?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-23609500650785279962016-11-15T09:21:35.871-05:002016-11-15T09:21:35.871-05:00In 1959, Barrett Strong expressed the feelings of ...In 1959, Barrett Strong expressed the feelings of ACS officers towards their compensation.<br /><br />https://www.youtube.com/watch?v=t5KU34DrrPIqvxbnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-14180383123209175902016-11-15T09:07:25.456-05:002016-11-15T09:07:25.456-05:00Jesus... And here I've struggled with 2% incre...Jesus... And here I've struggled with 2% increases and job consolidation from dupont while these people live a fantasy. I could never see any concrete results from ACS for me. How many more services could it offer if those numbers were put to more realistic use? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-45929399200810527432016-11-15T05:05:14.704-05:002016-11-15T05:05:14.704-05:00I check yet another society, IEEE (electronics, co...I check yet another society, IEEE (electronics, computers, telecommunications etc. engineering). They have about 430000 members, so much larger than even ACS. Revenue was $430M and top salary about $700K. So ACS officer salaries aren't especially high compared to the total revenue of the society, but ACS looks a lot more 'business-like' than the other professional societies.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-64690156394898181062016-11-15T04:56:27.942-05:002016-11-15T04:56:27.942-05:00From 2015 ACS financial statement: total unrestric...From 2015 ACS financial statement: total unrestricted revenue $512M, membership dues $12M. More than 80% of the revenue comes from 'electronic services'.<br /><br />Out of curiosity, I checked how ACS compares to societies for other sciences: AMS (mathematics), SIAM (applied mathematics), APS (physics) and, AAS (astronomy). It indeed looks like ACS is a huge publishing house: then next largest society (APS) had a revenue of ~50M. ACS also has a lot more members, ~150000 vs. ~50000 in APS, but still the ratio of revenue/member is a factor of 3 higher. The other societies seemed to be a lot like APS, only somewhat smaller in both revenue and membership. Highest paid officers in other societies had a salary in $250K to $350K range.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-5410858711125622372016-11-15T01:37:56.688-05:002016-11-15T01:37:56.688-05:00It's really quite simple: ACS is *NOT A SCIENT...It's really quite simple: ACS is *NOT A SCIENTIFIC ORGANIZATION* but a for-profit publishing house masquerading as one. As long as even a handful of people pay dues, then all the publishing revenue is tax free.Josenoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-80529860767517318412016-11-14T23:19:30.164-05:002016-11-14T23:19:30.164-05:00ACS makes money mostly from the publishing divisio...ACS makes money mostly from the publishing division (which, I never fail to mention, is basically taxpayer dollars (i.e. overhead from grants, funneled back through the libraries.)) The dues are a very small portion over the overall revenue streams heading into ACS. Chemjobberhttps://www.blogger.com/profile/15932113680515602275noreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-15342965236649234092016-11-14T19:48:31.790-05:002016-11-14T19:48:31.790-05:00until people start making serious noise about this...until people start making serious noise about this, or members start quitting, i don't see any salaries being reduced Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-60442385124233707912016-11-14T19:23:06.773-05:002016-11-14T19:23:06.773-05:00Serious question here: what portion of revenue tha...Serious question here: what portion of revenue that pays the salaries comes from dues versus publishing? I'm not sure of the breakdown. Either way, some serious over-compensation given the recent median salaries for ACS members who are doing chemistry.Hoppenheimernoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-29108706906255453052016-11-14T17:53:29.669-05:002016-11-14T17:53:29.669-05:00Pay your dues folks! It's for your benefit, as...Pay your dues folks! It's for <b><i>your</i></b> benefit, as you can see here.Bendernoreply@blogger.com