American Numismatic Society

Nonprofit profile at a glance

EIN
135562383
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
New York, NY, USA
Phone
2125714470
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$10,050,094
Expenses
$5,265,549
Assets
$62,088,950
Liabilities
$4,923,660

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • DR UTE WARTENBERG KAGAN (EXECUTIVE DIRECTOR)
  • DAVID HENDIN (PRESIDENT)
  • ALEXANDER KRAPF (FIRST VICE-PRESIDENT)
  • DR ANDREW BURNETT (SECOND VICE-PRESIDENT)

Highest reported compensation

  • NATHAN ELKINS (DEPUTY DIRECTOR): $171,071 total reported compensation
  • PETER VAN ALFEN (CHIEF CURATOR): $161,009 total reported compensation
  • DR UTE WARTENBERG KAGAN (EXECUTIVE DIRECTOR): $128,807 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the american numismatic society is to promote and advance the study, research, and appreciation of numismatics.

What it reported doing in 2024

Educational programs: the ans conducts a variety of educational and outreach programs for students, professional and amateur numismatists, and the general public. These programs include:-an annual summer graduate seminar in numismatics, which since 1952 has graduated more than 600 participants.-an online educational program, ans lyceum, that runs 4 to 6-week long courses two to three times a year on a variety of topics.-public lectures and conferences, including an occasional saturday series, "money talks: numismatic conversations, and an online weekly numismatic series, long table.-an average of six internships a year in museum, library, and archival disciplines. -publication of books and articles by the ans curatorial staff and others. -lectures and teaching by the staff at conferences and workshops in the u.s. And abroad. -over the course of the year the society also routinely welcomes approximately a dozen school groups to learn about money and numismatics. Since the founding of the ans more than 160 years ago, the institution has actively sought the best methods for securing and organizing the collection physically, as well as for making the contents of the collection accessible to the public at large through publications and digital cataloging efforts. The ans is currently the leading numismatic institution in the world for developing comprehensive online research tools that highlight the collection holdings.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 73
  • Accountability: 91
  • Sustainability: 83
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.9%; rating input score 76
  • Program expense ratio: 70.3%; rating input score 70
  • Fundraising efficiency: $6.87 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 24th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 47.6%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 11.79; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 8.8%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 2% per year; rating input score 100; 19th percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 2.3% per year; rating input score 100; 19th percentile among comparable filings

Details

  • Where the money goes: 75.9% of revenue deployed · 70.3% of spending went to programs
  • Governance: 22 of 24 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $3.7M in reported program spending
  • Leadership: top reported pay $171K · 26 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $230K reported
  • Consistency: 40 of 40 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 28/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 26/100.