American Philosophical Association Inc
- Assets
- $7.2m
- Revenue
- $1.4m
- Investments
- $6.6m
- Employees
- 0
- Location
- Newark, DE
- Founding
- 08/1999
- Data as of
- 06/2023
- EIN
- 51-0392247
Organization Overview
American Philosophical Association Inc is located in Newark, DE. The organization was established in 1999. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Philosophical Association Inc 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 06/2023, American Philosophical Association Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Philosophical Association Inc has awarded 33 individual grants totaling $843,580. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN PHILOSOPHICAL ASSOCIATION PROMOTES THE DISCIPLINE AND PROFESSION OF PHILOSOPHY, BOTH WITHIN THE ACADEMY AND IN THE PUBLIC ARENA. THE APA SUPPORTS THE PROFESSIONAL DEVELOPMENT OF PHILOSOPHERS AT ALL LEVELS AND WORKS TO FOSTER GREATER UNDERSTANDING AND APPRECIATION OF THE VALUE OF PHILOSOPHICAL INQUIRY. PRINCIPAL ACTIVITIES INCLUDE SCHOLARSHIP, PUBLICATIONS, TEACHING SUPPORT, CAREER DEVELOPMENT, AND ADVOCACY FOR PHILOSOPHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE DISCIPLINE AND PROFESSION OF PHILOSOPHY, BOTH WITHIN THE ACADEMY AND IN THE PUBLIC ARENA. THE APA SUPPORTS THE PROFESSIONAL DEVELOPMENT OF PHILOSOPHERS AT ALL LEVELS AND WORKS TO FOSTER GREATER UNDERSTANDING AND APPRECIATION OF THE VALUE OF PHILOSOPHICAL INQUIRY. PRINCIPAL ACTIVITIES INCLUDE SCHOLARSHIP, PUBLICATIONS, TEACHING SUPPORT, CAREER DEVELOPMENT, AND ADVOCACY FOR PHILOSOPHY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dominic Mciver Lopes Chair | Trustee | 1 | $0 |
Richard Bett Vice Chair | Trustee | 1 | $0 |
Matthew O'brien Treasurer | Trustee | 1 | $0 |
Marya Schechtman Central Division Vice President | Trustee | 1 | $0 |
Lisa Tessman Eastern Division Vice President | Trustee | 1 | $0 |
Margaret Gilbert Pacific Division Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,811 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,646 |
| Total Program Service Revenue | $1,182,462 |
| Investment income | $236,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$116,843 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,424,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,950 |
| 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. | $281,904 |
| Compensation of current officers, directors, key employees. | $195,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $324,917 |
| Pension plan accruals and contributions | $24,461 |
| Other employee benefits | $106,721 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $908 |
| Fees for services: Accounting | $79,516 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,470 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $46,126 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $275,375 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $779 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,569,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,724 |
| Savings and temporary cash investments | $60,910 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,463 |
| 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 | $144,128 |
| Net Land, buildings, and equipment | $1,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,560,274 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,236,667 |
| Accounts payable and accrued expenses | $162,624 |
| Grants payable | $0 |
| Deferred revenue | $560,787 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $873,411 |
| Net assets without donor restrictions | $3,135,568 |
| Net assets with donor restrictions | $3,227,688 |
| 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 | $7,236,667 |
Grants Awarded
Over the last fiscal year, American Philosophical Association Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WEST CHESTER UNIVERSITY OF PA PURPOSE: SAVAGE EDUCATION: EPISTEMIC INJUSTICES OF NATIVE AMERICAN BOARDING SCHOOLS | $10,000 |
UNIVERSITY OF CENTRAL ARKANSAS FOUNDATION INC PURPOSE: THE LAVENDER LIBRARY: INSTITUTIONALIZING ACCESS TO QUEER THEORY, COURSES AND SPEAKERS AT A REGIONAL COMPREHENSIVE UNIVERSITY IN THE SOUTH | $10,000 |