Mineralogical Society Of America
- Assets
- $5.7m
- Revenue
- $1.8m
- Investments
- $80.5k
- Employees
- 7
- Location
- Chantilly, VA
- Founding
- 01/1960
- Data as of
- 12/2023
- EIN
- 52-6044250
Organization Overview
Mineralogical Society Of America is located in Chantilly, VA. The organization was established in 1960. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Mineralogical Society Of America employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mineralogical Society Of America 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 12/2023, Mineralogical Society Of America generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MINERALOGICAL SOCIETY OF AMERICA (THE SOCIETY) WAS FOUNDED FOR THE ADVANCEMENT OF MINERALOGY, CRYSTALLOGRAPHY, GEOCHEMISTRY, PETROLOGY, AND PROMOTION OF THEIR USES IN OTHER SCIENCES, INDUSTRY, AND THE ARTS. THE SOCIETY ENCOURAGES FUNDAMENTAL RESEARCH ABOUT NATURAL MATERIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS: SCIENTIFIC PUBLICATIONS (JOURNALS AND BOOKS) AND WEBSITE PRODUCED FOR THE ADVANCEMENT AND PROMOTION OF MINERALOGY, CRYSTALLOGRAPHY, AND PETROLOGY. SOME EXAMPLES OF THE PUBLICATION ARE: AMERICAN MINERALOGIST, SUBTITLED IN INTERNATIONAL JOURNAL OF EARTH AND PLANETARY MATERIALS, IS THE PRINT JOURNAL OF THE SOCIETY, AND IT HAS CONTINUOUSLY APPEARED SINCE 1916. IT PUBLISHES THE RESULTS OF ORIGINAL SCIENTIFIC RESEARCH IN THE FIELDS OF MINERALOGY, CRYSTALLOGRAPHY, GEOCHEMISTRY, AND PETROLOGY WITH THE GOAL OF PROVIDING READERS WITH THE BEST IN EARTH SCIENCE RESEARCH. REVIEWS IN MINERALOGY AND GEOCHEMISTRY - A SERIES OF MULTI-AUTHORED, SOFT-BOUND BOOKS CONTAINING COGENT AND CONCISE REVIEWS OF THE LITERATURE AND ADVANCES ABOUT A SUBJECT AREA. THERE ARE 88 VOLUMES PUBLISHED SINCE 1974. MONOGRAPHS AND TEXTBOOKS - SINGLE OR LIMITED AUTHORED, INSTRUCTIONAL TEXTBOOKS. ELEMENTS - A FULL-COLOR MAGAZINE FIRST PUBLISHED IN JANUARY 2005, ELEMENTS IS THE OFFICIAL NEWSLETTER OF THE SOCIETY. PUBLISHED BIMONTHLY, EACH ISSUE ALSO CONTAINS SEVERAL THEMATIC SCIENTIFIC ARTICLES WRITTEN FOR A BROAD AUDIENCE. HANDBOOK OF MINERALOGY - A DEFINITIVE MODERN SOURCE FOR DATA ON ALL MINERAL SPECIALS. THE AUTHORS OF THE HANDBOOK, JOHN W. ANTHONY, RICHARD A. BIDEAUX, KENNETH W. BLADH, AND MONTE C. NICHOLS HAVE MADE THE VOLUMES AND FULL TEXT OF THE FIVE VOLUMES AVAILABLE TO MSA TO KEEP UPDATED AND AVAILABLE IN PRINT AND ELECTRONIC FORMS.
SHORT COURSES: 1-2 DAY, IN-DEPTH INSTRUCTIONAL COURSES, USUALLY GIVEN IN CONJUNCTION WITH MAJOR MEETINGS, THEY ARE TAUGHT BY SEVERAL INVITED SPEAKERS WHO ALSO WRITE THE ACCOMPANYING REVIEWS IN MINERALOGY AND GEOCHEMISTRY VOLUME. IN 2023, THE SHORT COURSE WAS VIRTUAL.
MEETINGS, SYMPOSIA AND SPECIAL SESSIONS: THE SOCIETY SPONSORS OR CO-SPONSORS A VARIETY OF INTERNATIONAL AND NATIONAL MEETINGS AS WELL AS SYMPOSIA, SPECIAL, AND THEME SESSIONS AT MEETINGS.
GRANTS - GRANTS FOR RESEARCH IN CRYSTALLOGRAPHY FROM THE E.H. KRAUS CRYSTALLOGRAPHIC RESEARCH FUND AND GRANTS FOR STUDENT RESEARCH IN MINERALOGY AND PETROLOGY ARE GIVEN EACH YEAR BASED ON THE QUALITY, INNOVATIVENESS, AND SCIENTIFIC SIGNIFICANCE OF THE RESEARCH PROPOSED BY STUDENTS AND YOUNG RESEARCHERS. COMMITTEES OF THE SOCIETY MEMBERS EVALUATE THE WRITTEN PROPOSALS AND RECOMMEND ONE KRAUS AND TWO MINERALOGY AND PETROLOGY AWARDS TO BE MADE TO THE SOCIETY'S COUNCIL, WHO FINALLY APPROVE THE SELECTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna L Whitney President | OfficerTrustee | 2 | $0 |
Sarah Penniston-Dorland Vice President | OfficerTrustee | 0.5 | $0 |
Jeffrey Post Past President | OfficerTrustee | 0.5 | $0 |
Glenn Gaetani Treasurer | OfficerTrustee | 0.5 | $0 |
Kim Tait Secretary | OfficerTrustee | 0.5 | $0 |
Astrid Holzheid Councilor | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dunhill Village Rental | 12/30/21 | $127,553 |
Amara Enterprise Llc Information Technology | 12/30/21 | $191,675 |
Apc Postal Printing | 12/30/21 | $103,197 |
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 | $148,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,120 |
| Total Program Service Revenue | $1,388,452 |
| Investment income | $116,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,686 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,734 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,794,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,000 |
| Compensation of current officers, directors, key employees. | $55,412 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $407,516 |
| Pension plan accruals and contributions | $41,454 |
| Other employee benefits | $89,117 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $315 |
| Fees for services: Accounting | $31,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,626 |
| Fees for services: Other | $62,530 |
| Advertising and promotion | $0 |
| Office expenses | $403,149 |
| Information technology | $39,147 |
| Royalties | $0 |
| Occupancy | $130,312 |
| Travel | $35,030 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,911 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,407 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,891,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130 |
| Savings and temporary cash investments | $61,556 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,653 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $477,665 |
| Prepaid expenses and deferred charges | $10,888 |
| Net Land, buildings, and equipment | $304,967 |
| Investments—publicly traded securities | $3,675,870 |
| Investments—other securities | $80,467 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,050,445 |
| Total assets | $5,688,641 |
| Accounts payable and accrued expenses | $114,341 |
| Grants payable | $0 |
| Deferred revenue | $253,260 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $825,031 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $254,567 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $266,609 |
| Total liabilities | $1,713,808 |
| Net assets without donor restrictions | $1,416,806 |
| Net assets with donor restrictions | $2,558,027 |
| 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 | $5,688,641 |