American Philatelic Society
Nonprofit profile at a glance
- EIN
- 240772797
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Bellefonte, PA, USA
- Phone
- 8149333803
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Recreational l Clubs
Reported finances
- Revenue
- $5,899,950
- Expenses
- $3,818,502
- Assets
- $6,408,430
- Liabilities
- $1,756,482
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- CHERYL GANZ (PRESIDENT)
- GREG GALLETTI (VICE PRESIDENT)
- YAMIL KOURI (VICE PRESIDENT)
- MARK BANCHIK (VICE PRESIDENT)
- ROBERT ZIEGLER (IMMEDIATE PAST PRESIDENT)
- SCOTT D ENGLISH (EXECUTIVE DIRECTOR)
Highest reported compensation
- SCOTT D ENGLISH (EXECUTIVE DIRECTOR): $237,565 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
- to promote stamp collecting for people of all ages- to offer services to its membership and to philately in general, including knowledge and education, which enhance the pleasure and friendliness of stamp collecting- to initiate and coordinate new programs for the benefit of stamp collecting and of all collectors- to represent the united states of america in the world body of philately- to assist its members in acquiring and disposing of philatelic materials
What it reported doing in 2024
Education - the organization provides educational services to help individuals of all ages who are interested in collecting stamps, including: collecting and safe storage techniques; identifying the many varieties of stamps and related postal material; distinguishing the differences between similar looking stamps (including fakes); and understanding postal history.
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 100% 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.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 67
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.7%; rating input score 57
- Program expense ratio: 84.8%; rating input score 85
- Fundraising efficiency: $27.9 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 35.3%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 1.68; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 6.2%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 2.4% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: -0.5% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: -4% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 56.7% of revenue deployed · 84.8% of spending went to programs
- Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
- Programs: 7 filed program accomplishments · $3.2M in reported program spending
- Leadership: top reported pay $238K · 12 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1M reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.