American Numismatic Society is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, American Numismatic Society employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Numismatic 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 09/2023, American Numismatic Society generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $5.2m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ADVANCE THE STUDY, RESEARCH, AND APPRECIATION OF NUMISMATICS.
Describe the Organization's Program Activity:
COLLECTIONS:THE SOCIETY'S COLLECTION OF OVER 800,000 COINS AND RELATED OBJECTS IS ONE OF AMERICA'S TREASURES. IT ABOUNDS IN BOTH LARGE STUDY COLLECTIONS AND GREAT RARITIES, AND IS PARTICULARLY STRONG IN ANCIENT GREEK, ROMAN, ISLAMIC, FAR EASTERN, U.S., AND COLONIAL COINAGES, AS WELL AS MEDALLIC ART. IN MAKING ITS RESOURCES AVAILABLE FOR BROAD STUDY AND ENJOYMENT, THE ANS LENDS ITEMS TO OTHER INSTITUTIONS AROUND THE USA AND THE WORLD. CURRENTLY, OVER 359 OBJECTS ARE ON LOAN TO PERMANENT AND TEMPORARY EXHIBITIONS.
PUBLICATIONS PROGRAM:THE ANS IS THE PREEMINENT PUBLISHER IN PRINT OF NUMISMATIC MATERIAL IN THE UNITED STATES. OFFERINGS INCLUDE TWO SCHOLARLY JOURNALS, THE AMERICAN JOURNAL OF NUMISMATICS AND THE JOURNAL OF EARLY AMERICAN NUMISMATICS; AND THE QUARTERLY ANS MAGAZINE, WHICH PRESENTS REGULAR COLUMNS FROM THE SOCIETY'S VARIOUS DEPARTMENTS AND CONTRIBUTIONS FROM INDIVIDUAL CURATORS. THE ANS PUBLISHES ON AVERAGE FOUR NEW BOOKS A YEAR ON NUMISMATIC SUBJECTS, AND HAS MORE THAN 50 CURRENTLY IN PRINT. MANY OF ITS OLDER PUBLICATIONS ARE AVAILABLE IN DIGITAL FORMAT AS OPEN ACCESS. THE ANS ALSO MAKES ITS OLDER, OUT-OF-PRINT BOOKS AVAILABLE AS PRINT-ON-DEMAND EDITIONS.THE ANS IS ALSO A RECOGNIZED LEADER IN THE PUBLICATION OF SOPHISTICATED OPEN ACCESS ONLINE RESOURCES FOR THE STUDY AND RESEARCH OF COINS OF VARIOUS PERIODS. THESE INCLUDE ONLINE COINS OF THE ROMAN EMPIRE (NUMISMATICS/ORG/OCRE) AND HELLENISTIC ROYAL COINAGES (NUMISMATICS.ORG/HRC), BOTH OF WHICH RECEIVED SUBSTANTIAL DEVELOPMENT FUNDING FROM THE NATIONAL ENDOWMENT FOR THE HUMANITIES.
EDUCATIONAL PROGRAMS:THE ANS CONDUCTS A VARIETY OF EDUCATIONAL AND OUTREACH PROGRAMS FOR STUDENTS, PROFESSIONAL AND AMATEUR NUMISMATISTS, AND THE GENERAL PUBLIC. THESE PROGRAMS INCLUDE:-AN ANNUAL SUMMER GRADUATE SEMINAR IN NUMISMATICS, WHICH SINCE 1952 HAS GRADUATED MORE THAN 600 PARTICIPANTS.-AN ONLINE EDUCATIONAL PROGRAM, ANS LYCEUM, THAT RUNS 4-TO-6-WEEK LONG COURSES TWO TO THREE TIMES A YEAR ON A VARIETY OF TOPICS.-PUBLIC LECTURES AND CONFERENCES, INCLUDING ANNUAL LECTURES BY ANS AWARDS' HONOREES AND GUEST SPEAKERS ON TOPICS RANGING FROM MEDALLIC ART TO ANCIENT, WORLD, AND AMERICAN COINAGES.-AN AVERAGE OF SIX INTERNSHIPS A YEAR IN MUSEUM, LIBRARY, AND ARCHIVAL DISCIPLINES. -PUBLICATION OF BOOKS AND ARTICLES BY THE ANS CURATORIAL STAFF AND OTHERS. -LECTURES AND TEACHING BY THE STAFF AT CONFERENCES AND WORKSHOPS IN THE U.S. AND ABROAD. -OVER THE COURSE OF THE YEAR THE SOCIETY ALSO ROUTINELY WELCOMES APPROXIMATELY A DOZEN SCHOOL GROUPS TO LEARN ABOUT MONEY AND NUMISMATICS. SINCE THE FOUNDING OF THE ANS MORE THAN 160 YEARS AGO, THE INSTITUTION HAS ACTIVELY SOUGHT THE BEST METHODS FOR SECURING AND ORGANIZING THE COLLECTION PHYSICALLY, AS WELL AS FOR MAKING THE CONTENTS OF THE COLLECTION ACCESSIBLE TO THE PUBLIC AT LARGE THROUGH PUBLICATIONS AND DIGITAL CATALOGING EFFORTS. THE ANS IS CURRENTLY THE LEADING NUMISMATIC INSTITUTION IN THE WORLD FOR DEVELOPING COMPREHENSIVE ONLINE RESEARCH TOOLS THAT HIGHLIGHT THE COLLECTION HOLDINGS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Ute Wartenberg Kagan President | OfficerTrustee | 15 | $9,492 |
Michael Beall Chairman | OfficerTrustee | 2 | $0 |
Kenneth L Edlow Treasurer/asst. Secretary | OfficerTrustee | 4 | $0 |
David Hendin First Vice-President | OfficerTrustee | 2 | $0 |
Dr Andrew Burnett Second Vice-President | OfficerTrustee | 2 | $0 |
David Albert Trustee | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Dla Piper Llp Legal Services | 9/29/23 | $150,450 |
Seal Security Llc Security Services | 9/29/23 | $121,676 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $109,197 |
Related organizations | $0 |
Government grants | $44,044 |
All other contributions, gifts, grants, and similar amounts not included above | $1,421,138 |
Noncash contributions included in lines 1a–1f | $99,096 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,574,379 |
Total Program Service Revenue | $815,545 |
Investment income | $1,964,037 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $2,196 |
Net Rental Income | $30,443 |
Net Gain/Loss on Asset Sales | -$1,142,446 |
Net Income from Fundraising Events | -$12,682 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,236,168 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $49,500 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $250,929 |
Compensation of current officers, directors, key employees. | $55,193 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,520,397 |
Pension plan accruals and contributions | $120,883 |
Other employee benefits | $264,146 |
Payroll taxes | $146,301 |
Fees for services: Management | $0 |
Fees for services: Legal | $52,749 |
Fees for services: Accounting | $114,438 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $67,649 |
Fees for services: Other | $243,791 |
Advertising and promotion | $0 |
Office expenses | $87,456 |
Information technology | $76,701 |
Royalties | $0 |
Occupancy | $1,608,248 |
Travel | $11,332 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $41,026 |
Interest | $4,125 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $250,352 |
Insurance | $65,406 |
All other expenses | $5 |
Total functional expenses | $5,232,845 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $371,696 |
Savings and temporary cash investments | $418,195 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $204,633 |
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 | $59,135 |
Net Land, buildings, and equipment | $1,056,063 |
Investments—publicly traded securities | $44,025,198 |
Investments—other securities | $3,976,622 |
Investments—program-related | $0 |
Intangible assets | $23,138 |
Other assets | $5,857,886 |
Total assets | $55,992,566 |
Accounts payable and accrued expenses | $219,198 |
Grants payable | $0 |
Deferred revenue | $41,191 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $5,444 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $150,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $7,600,791 |
Total liabilities | $8,016,624 |
Net assets without donor restrictions | $24,391,144 |
Net assets with donor restrictions | $23,584,798 |
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 | $55,992,566 |