Paleontological Society
- Assets
- $6.0m
- Revenue
- $834.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 11/1965
- Data as of
- 12/2021
- EIN
- 04-6129772
Organization Overview
Paleontological Society is located in Mclean, VA. The organization was established in 1965. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paleontological Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Paleontological Society generated $834.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $359.1k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PALEONTOLOGICAL SOCIETY IS AN INTERNATIONAL NONPROFIT ORGANIZATION DEVOTED EXCLUSIVELY TO THE ADVANCEMENT OF THE SCIENCE OF PALEONTOLOGY: INVERTEBRATE AND VERTEBRATE PALEONTOLOGY, MICROPALEONTOLOGY, AND PALEOBOTANY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY USUALLY HOLDS AN ANNUAL MEETING, WHICH IS ORDINARILY IN THE FALL. THE SECTIONS HOLD MEETINGS, WHICH ARE USUALLY IN THE SPRING. AT THE MEETINGS, MEMBERS PRESENT VOLUNTEERED PAPERS AND POSTER SESSIONS; THE SOCIETY NORMALLY HOSTS AN INVITED SPEAKER SYMPOSIUM. FIELD TRIPS ARE OCCASIONALLY OFFERED. AT THE ANNUAL MEETING, A SHORT COURSE IS PRESENTED, AND THE SOCIETY HAS ITS ANNUAL DINNER, AWARDS CEREMONY, AND BUSINESS MEETING.
PUBLICATION OF THE JOURNAL OF PALEONTOLOGY AND PALEOBIOLOGY
SUPPORTING STUDENTS THROUGH GRANTS AND SCHOLARSHIPS
OTHER MEETINGS DEVOTED TO THE ADVANCEMENT OF THE SCIENCE OF PALEONTOLOGY ARE OCCASSIONALLY HELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Boyer Secretary | Officer | 8 | $0 |
William Dimichele President | Officer | 10 | $0 |
Bruce Macfadden Past- Presid | Officer | 4 | $0 |
Jonathan Hendricks Treasurer | Officer | 6 | $0 |
Anne Raymond President- E | Officer | 4 | $0 |
Madeline Marshall Council Memb | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $56,264 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $342,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,627 |
| Total Program Service Revenue | $179,840 |
| Investment income | $88,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $167,768 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $834,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,550 |
| Grants and other assistance to domestic individuals. | $120,253 |
| Grants and other assistance to Foreign Orgs/Individuals | $62,888 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $79,432 |
| Fees for services: Legal | $7,397 |
| Fees for services: Accounting | $10,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,941 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $669 |
| Information technology | $11,759 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,809 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,095 |
| All other expenses | $0 |
| Total functional expenses | $359,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,825 |
| Savings and temporary cash investments | $100,181 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,540 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,577,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,811 |
| Total assets | $5,998,839 |
| Accounts payable and accrued expenses | $7,364 |
| Grants payable | $0 |
| Deferred revenue | $162,074 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $94,703 |
| Total liabilities | $264,141 |
| Net assets without donor restrictions | $5,141,178 |
| Net assets with donor restrictions | $593,520 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,998,839 |
Grants Awarded
Over the last fiscal year, Paleontological Society has awarded $20,550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN GEOSCIENCES INSTITUTE | | | $14,550 |
GSA FOUNDATION | | | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Paleontological Society has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $30,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carolinas Aviation Museum Charlotte, NC | $2,163,252 | $2,077,957 |
Paleontological Society Mclean, VA | $5,998,839 | $834,675 |
Averasboro Battlefield Commission Inc Dunn, NC | $1,132,734 | $63,099 |
Central States Archeological Societies Inc Bowling Green, KY | $92,611 | $0 |
North Carolina Supreme Court Historical Society Raleigh, NC | $114,888 | $0 |