American Philatelic Society
- Assets
- $5.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 38
- Location
- Bellefonte, PA
- Founding
- 08/1984
- Data as of
- 12/2020
- EIN
- 24-0772797
Organization Overview
American Philatelic Society is located in Bellefonte, PA. The organization was established in 1984. 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 12/2021, American Philatelic Society employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Philatelic 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 12/2020, American Philatelic Society generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $7.7m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL SERVICES TO ENHANCE THE ENJOYMENT OF STAMP COLLECTING AND TO PROMOTE STAMP COLLECTING AND ITS RELATED ACTIVITIES FOR PEOPLE OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES - CIRCUITS AND INTERNET SALES PROVIDE OPPORTUNITIES FOR MEMBERS TO ACQUIRE AND DISPENSE OF PHILATELIC MATERIAL AMONG EACH OTHER WITH PROTECTIONS AGAINST FRAUD AND THE MISREPRESENTATION OF MATERIAL
AMERICAN PHILATELIST MAGAZINE - PROVIDES ARTICLES AND RESOURCES TO IMFORM AND EDUCATE MEMBERS ABOUT POSTAGE STAMPS, COVERS, AND OTHER PHILATELIC MATERIAL. IT ALSO PROVIDES A VENUE FOR THE PUBLISHING OF THE LATEST PHILATELIC RESEARCH
STAMP SHOWS - APS SHOWS PROVIDE A VENUE FOR COLLECTORS AND STAMP COLLECTING GROUPS TO GET TOGETHER, TO SHARE KNOWLEDGE THROUGH EXHIBITS, EDUCATIONAL MEETINGS AND SEMINARS, AND TO BUY AND SELL STAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott D English Executive Director | Officer | 40 | $200,000 |
Jeffrey Krantweiss Chief Administrative Offic | Officer | 35 | $91,776 |
Patricia A Kaufmann Vice President | OfficerTrustee | 1 | $0 |
Cheryl Ganz Vice President | OfficerTrustee | 1 | $0 |
Jeffrey N Shapiro Vice President | OfficerTrustee | 3 | $0 |
Stephen D Schumann Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walsworth Publishing Company Magazine Publication | 12/30/21 | $331,212 |
Capitol Blue Cross Employee Health Insurance | 12/30/21 | $197,650 |
United States Postal Service Postage | 12/30/21 | $184,404 |
Rosemont Exposition Services Stampshow Decorator | 12/30/21 | $123,997 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,562,560 |
| Investment income | $79,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $118,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,137,752 |
| Statement of Expenses | |
|---|---|
| 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. | $293,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,026,193 |
| Pension plan accruals and contributions | $26,140 |
| Other employee benefits | $191,807 |
| Payroll taxes | $100,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $68,997 |
| Office expenses | $51,762 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,012 |
| Travel | $12,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,359 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,052 |
| Insurance | $46,900 |
| All other expenses | $0 |
| Total functional expenses | $7,725,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $777,991 |
| Savings and temporary cash investments | $794,023 |
| Pledges and grants receivable | $2,700 |
| Accounts receivable, net | $79,397 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $112,179 |
| Prepaid expenses and deferred charges | $146,686 |
| Investments—publicly traded securities | $3,092,943 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,023,195 |
| Accounts payable and accrued expenses | $150,988 |
| Grants payable | $0 |
| Deferred revenue | $1,124,467 |
| 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 | $1,246,803 |
| Total liabilities | $2,522,258 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,500,937 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Philatelic Society has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Lorber Foundation Amherst, MA PURPOSE: TO SUPPORT RESEARCH LIBRARY | $2,000 |
Endowment Analysis
| Beg. Balance | $792,211 |
| Earnings | $83,540 |
| Net Contributions | $1,830 |
| Other Expense | $23,316 |
| Ending Balance | $854,265 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda Country Club Inc Bethesda, MD | $26,747,430 | $19,774,534 |
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Lake Naomi Club Pocono Pines, PA | $31,181,948 | $14,377,164 |
Pine Valley Golf Club Pine Valley, NJ | $27,464,552 | $15,641,646 |
Plainfield Country Club Edison, NJ | $20,539,827 | $10,734,974 |
Glen Ridge Country Club Glen Ridge, NJ | $4,315,456 | $11,200,681 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
North Jersey Country Club Inc Wayne, NJ | $12,240,984 | $10,758,532 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |