The Philatelic Foundation
- Assets
- $4.1m
- Revenue
- $672.4k
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 06/1946
- Data as of
- 12/2023
- EIN
- 13-1523140
Organization Overview
The Philatelic Foundation is located in New York, NY. The organization was established in 1946. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Philatelic Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philatelic Foundation 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 12/2023, Philatelic Foundation generated $672.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $672.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 5 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND ADVANCE PHILATELY IN ALL ITS BRANCHES THROUGH PUBLICATIONS, WEBSITE, DVD'S AND TO PROVIDE EXPERT ADVICE ABOUT STAMPS AND COVERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPERT COMMITTEE PROVIDES THE SERVICE OF EXPERTIZING STAMPS AND COVERS.
EDUCATION/PUBLICATION COMMITTEE PROMOTES PHILATELY THROUGH EDUCATIONAL SEMINARS, MEETINGS AND PUBLICATIONS, AS WELL AS PRODUCING PICTURES, SLIDES AND PHILATELIC PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Lyons Exec Director | 30 | $105,000 | |
George J Kramer Chair Emeritus | Trustee | 2 | $0 |
Robert G Rose Chairman | OfficerTrustee | 2 | $0 |
Charles Epting Trustee | Trustee | 0.5 | $0 |
Stephen Reinhard Vice Chairman | OfficerTrustee | 0.5 | $0 |
Mark Schwartz Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,030 |
| Total Program Service Revenue | $453,524 |
| Investment income | $70,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32,232 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $672,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,000 |
| Compensation of current officers, directors, key employees. | $69,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,360 |
| Pension plan accruals and contributions | $10,731 |
| Other employee benefits | $27,829 |
| Payroll taxes | $19,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,504 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,153 |
| Office expenses | $20,540 |
| Information technology | $32,647 |
| Royalties | $0 |
| Occupancy | $78,144 |
| Travel | $3,530 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,565 |
| Insurance | $9,703 |
| All other expenses | $8,118 |
| Total functional expenses | $671,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,071 |
| Savings and temporary cash investments | $293,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $254,512 |
| 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 | $18,179 |
| Net Land, buildings, and equipment | $980,089 |
| Investments—publicly traded securities | $2,277,992 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $208,992 |
| Other assets | $18,420 |
| Total assets | $4,127,148 |
| Accounts payable and accrued expenses | $24,559 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $245,864 |
| Total liabilities | $270,423 |
| Net assets without donor restrictions | $3,485,313 |
| Net assets with donor restrictions | $371,412 |
| 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 | $4,127,148 |