Philosophical Society Of Texas
- Assets
- $1.5m
- Revenue
- $438.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Austin, TX
- Founding
- 10/1975
- Data as of
- 06/2024
- 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 06/2024, Philosophical Society Of Texas generated $438.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $418.2k during the year ending 06/2024. While expenses have increased by 6.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walker C Friedman President | OfficerTrustee | 1 | $0 |
Eduardo D Flores First Vice President | OfficerTrustee | 1 | $0 |
Paul W Hobby Second Vice 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 |
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 | $113,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,552 |
| Total Program Service Revenue | $258,768 |
| Investment income | $22,067 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,090 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,477 |
| 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. | $78,246 |
| Compensation of current officers, directors, key employees. | $39,123 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,037 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,968 |
| Advertising and promotion | $0 |
| Office expenses | $15,417 |
| Information technology | $2,605 |
| 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 | $273,612 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,232 |
| All other expenses | $0 |
| Total functional expenses | $418,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,917 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $27,890 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,425,380 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,480,187 |
| Accounts payable and accrued expenses | $7,482 |
| Grants payable | $0 |
| Deferred revenue | $300 |
| 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 | $7,782 |
| Net assets without donor restrictions | $1,472,405 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,480,187 |