Philosophical Society Of Texas
- Assets
- $1.2m
- Revenue
- $277.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 10/1975
- Data as of
- 06/2022
- EIN
- 51-0148098
Organization Overview
Philosophical Society Of Texas is located in Austin, TX. The organization was established in 1975. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philosophical Society Of Texas 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 06/2022, Philosophical Society Of Texas generated $277.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $194.3k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONCENTRATE THE EFFORTS OF ITS ENLIGHTENED CITIZENS OF TEXAS ON THE COLLECTION AND DIFFUSION OF CORRECT INFORMATION REGARDING THE MORAL AND SOCIAL CONDITION OF OUR COUNTRY; ITS FINANCES, STATISTICS AND POLITICAL HISTORY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY HELD AN ANNUAL MEETING FOR EDUCATIONAL PURPOSES AND PUBLISHES THE PROCEEDINGS IN A JOURNAL WHICH IS DISTRIBUTED AT NO CHARGE TO 65 TEXAS COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eduardo D Flores Second Vice President | OfficerTrustee | 1 | $0 |
Francisco G Cigarroa President | OfficerTrustee | 1 | $0 |
Lyndon L Olson Jr Secretary | OfficerTrustee | 1 | $0 |
Harris L Kempner Jr Treasurer | OfficerTrustee | 1 | $0 |
Michael H Granof Asst Treasurer | OfficerTrustee | 1 | $0 |
S Claiborne Johnston Program Chair For 2023 Annual Mtg | OfficerTrustee | 1 | $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 | $64,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,300 |
| Total Program Service Revenue | $108,034 |
| Investment income | $15,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $89,621 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,500 |
| Compensation of current officers, directors, key employees. | $14,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,000 |
| Payroll taxes | $2,557 |
| Fees for services: Management | $29,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,615 |
| Advertising and promotion | $0 |
| Office expenses | $10,170 |
| Information technology | $200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,902 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,859 |
| All other expenses | $0 |
| Total functional expenses | $194,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,736 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $600 |
| 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 | $29,354 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $978,439 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,187,129 |
| Accounts payable and accrued expenses | $9,099 |
| 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 | $0 |
| Total liabilities | $9,099 |
| Net assets without donor restrictions | $1,163,030 |
| Net assets with donor restrictions | $15,000 |
| 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 | $1,187,129 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Philosophical Society Of Texas has recieved totaling $11,250.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,200 |
Tuw A M Pate Jr Charitable Tr Dallas, TX PURPOSE: SUPPORT FOR EDUCATION | $5,000 |
Mechia Foundation Beaumont, TX PURPOSE: CONTINUING OPERATIONS | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Action And Contemplation Inc Albuquerque, NM | $15,264,590 | $12,835,886 |
Southern Gas Association Dallas, TX | $5,545,984 | $4,419,938 |
Humanities Texas Austin, TX | $9,920,951 | $4,003,511 |
Common Threads Austin, TX | $2,007,404 | $3,535,258 |
Archaeological Conservancy Albuquerque, NM | $56,717,200 | $10,561,379 |
Louisiana Endowment For The Humanities New Orleans, LA | $7,660,408 | $3,249,427 |
Dallas Human Resource Management Association Inc Dallas, TX | $3,193,977 | $1,127,847 |
Oklahoma Humanities Council Inc Oklahoma City, OK | $1,955,276 | $1,624,150 |
Brilliant Lecture Series Inc Houston, TX | $24,900 | $1,346,410 |
Searchlight New Mexico Santa Fe, NM | $846,961 | $1,080,972 |
Bartoskewitz Farm Foundation Seguin, TX | $3,479,402 | $1,928,325 |
System For Education Empowerment And Success Houston, TX | $312,075 | $658,184 |