American Philatelic Society
- Assets
- $4.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 37
- Location
- Bellefonte, PA
- Founding
- 08/1984
- Data as of
- 12/2022
- 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 12/2022, American Philatelic Society employed 37 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 12/2022, American Philatelic Society generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. 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
2022
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:
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 |
|---|---|---|---|
Cheryl Ganz President | OfficerTrustee | 8 | $0 |
Greg Galletti Vice President | OfficerTrustee | 1 | $0 |
Yamil Kouri Vice President | OfficerTrustee | 3 | $0 |
Mark Banchik Vice President | OfficerTrustee | 1 | $0 |
Kathryn Johnson Treasurer | OfficerTrustee | 1 | $0 |
Dr Peter P Mccann Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walsworth Publishing Company Magazine Publication | 12/30/22 | $361,429 |
Capitol Blue Cross Employee Health Insurance | 12/30/22 | $202,813 |
Heritage Exposition Servics Stampshow Decorator | 12/30/22 | $142,068 |
United States Postal Service Postage | 12/30/22 | $125,959 |
Crocus Llc Website Developer | 12/30/22 | $226,999 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,010,578 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $670,292 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,680,870 |
| Total Program Service Revenue | $1,297,679 |
| Investment income | $43,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $244,118 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,602,300 |
| 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. | $303,170 |
| Compensation of current officers, directors, key employees. | $90,761 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,026,253 |
| Pension plan accruals and contributions | $30,471 |
| Other employee benefits | $151,212 |
| Payroll taxes | $99,467 |
| 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 | $77,949 |
| Office expenses | $68,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,012 |
| Travel | $56,589 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,042 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,765 |
| Insurance | $49,615 |
| All other expenses | $423,744 |
| Total functional expenses | $3,699,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481,814 |
| Savings and temporary cash investments | $695,832 |
| Pledges and grants receivable | $2,700 |
| Accounts receivable, net | $69,329 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $159,309 |
| Prepaid expenses and deferred charges | $112,499 |
| Net Land, buildings, and equipment | $319,313 |
| Investments—publicly traded securities | $2,758,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,599,278 |
| Accounts payable and accrued expenses | $189,411 |
| Grants payable | $0 |
| Deferred revenue | $1,052,880 |
| 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 | $841,442 |
| Total liabilities | $2,083,733 |
| Net assets without donor restrictions | $1,758,695 |
| Net assets with donor restrictions | $756,850 |
| 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 | $4,599,278 |