American Physical Society
- Assets
- $294.5m
- Revenue
- $83.3m
- Investments
- $28.9m
- Employees
- 288
- Location
- College Park, MD
- Founding
- 01/1945
- Data as of
- 12/2021
- EIN
- 13-1656610
Organization Overview
American Physical Society is located in College Park, MD. The organization was established in 1945. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 12/2021, American Physical Society employed 288 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Physical Society 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 12/2021, American Physical Society generated $83.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $59.8m during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 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.
Since 2015, American Physical Society has awarded 171 individual grants totaling $6,833,755. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE AND DIFFUSE THE KNOWLEDGE OF PHYSICS FOR THE BENEFIT OF HUMANITY, PROMOTE PHYSICS, AND SERVE THE BROADER PHYSICS COMMUNITY.
Describe the Organization's Program Activity:
PHYSICS RESEARCH PROGRAMS: RESEARCH PUBLICATIONS
PHYSICS RESEARCH PROGRAMS: EDUCATION AND OUTREACH
PHYSICS RESEARCH PROGRAMS: SCIENTIFIC MEETINGS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Bagger Chief Executive Officer | OfficerTrustee | 40 | $529,902 |
Kate Kirby Chief Executive Officer | 40 | $492,030 | |
Matthew Salter Publisher | Officer | 40 | $370,787 |
Michael Thoennessen Editor-In-Chief | OfficerTrustee | 40 | $347,470 |
James Taylor Chief Operating Officer | Officer | 40 | $296,591 |
Mark Doyle Chief Information Officer | Officer | 40 | $287,605 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Audio Visual Audio Visual Service | 12/30/21 | $1,364,255 |
Simplus Software Services | 12/30/21 | $1,035,623 |
Igroup Asia Pacific Ltd Info. Retrieval Svcs | 12/30/21 | $567,233 |
Ienegizer Aptara Limited Publishing Services | 12/30/21 | $2,503,095 |
Lumina Datamatics Inc Publishing Services | 12/30/21 | $1,470,519 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $490,129 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,301,283 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,879,197 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,670,609 |
| Total Program Service Revenue | $58,598,812 |
| Investment income | $8,100,883 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $110,966 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,791,097 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,272,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,269,639 |
| 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. | $3,821,032 |
| Compensation of current officers, directors, key employees. | $965,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,255,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,548,874 |
| Payroll taxes | $1,967,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $447,124 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,558,807 |
| Advertising and promotion | $152,560 |
| Office expenses | $3,856,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,629,149 |
| Travel | $233,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,010,351 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $451,290 |
| Insurance | $191,856 |
| All other expenses | $0 |
| Total functional expenses | $59,804,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,499,570 |
| Savings and temporary cash investments | $17,567,277 |
| Pledges and grants receivable | $77,004 |
| Accounts receivable, net | $3,393,499 |
| 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 | $3,014,860 |
| Net Land, buildings, and equipment | $690,156 |
| Investments—publicly traded securities | $235,580,885 |
| Investments—other securities | $28,948,874 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $695,357 |
| Total assets | $294,467,482 |
| Accounts payable and accrued expenses | $16,745,459 |
| Grants payable | $0 |
| Deferred revenue | $9,720,841 |
| 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 | $26,466,300 |
| Net assets without donor restrictions | $248,269,432 |
| Net assets with donor restrictions | $19,731,750 |
| 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 | $294,467,482 |
Grants Awarded
Over the last fiscal year, American Physical Society has awarded $1,412,353 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Holland, MI PURPOSE: PHYSICS EDUCATION | $340,785 |
Boston, MA PURPOSE: PHYSICS EDUCATION | $107,613 |
Worcester, MA PURPOSE: PHYSICS EDUCATION | $103,778 |
APPALACHIAN STATE UNIV PURPOSE: PHYSICS EDUCATION | $93,332 |
WESTED PURPOSE: PHYSICS EDUCATION | $87,676 |
UNIVERSITY OF MARYLAND PURPOSE: PHYSICS EDUCATION | $82,150 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that American Physical Society has recieved totaling $852,555.
| Awarding Organization | Amount |
|---|---|
The Heising-Simons Foundation Los Altos, CA PURPOSE: FOR AN IN-PERSON CONFERENCE FOR GRADUATE WOMEN IN PHYSICS | $376,485 |
Alfred P Sloan Foundation New York, NY PURPOSE: TO EMPOWER TEAMS OF PHYSICISTS AT ALL CAREER STAGES TO BUILD THEIR CAPACITY TO TRANSFORM THE CULTURE OF PHYSICS WITHIN THEIR ORGANIZATIONS AND ACROSS THE PROFESSION | $249,600 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $51,500 |
Ruggles Family Foudation Garden City, NY PURPOSE: GENERAL PURPOSE | $50,000 |
Kavli Foundation Los Angeles, CA PURPOSE: KAVLI SPECIAL SYMPOSIA AND PLENARY SESSIONS | $30,000 |
Gordon E And Betty I Moore Foundation Palo Alto, CA PURPOSE: TO SUPPORT THE ESTABLISHMENT OF THE MILLIE DRESSELHAUS PRIZE FOR CONTRIBUTIONS TO NANOSCIENCE AND NANOMATERIALS AS WELL AS CONFERENCE TRAVEL GRANTS FOR WOMEN UNDERGRADUATE STUDENTS. | $25,000 |
Endowment Analysis
| Beg. Balance | $5,891,568 |
| Earnings | $324,140 |
| Net Contributions | $381,651 |
| Grants | $170,169 |
| Ending Balance | $6,427,190 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association For The Advancement Of Science Washington, DC | $172,653,652 | $112,309,734 |
American Institute Of Physics Incorporated College Park, MD | $265,323,832 | $79,890,854 |
Sae International Warrendale, PA | $105,397,806 | $68,054,861 |
American Physical Society College Park, MD | $294,467,482 | $83,272,367 |
American Society Of Civil Engineers Reston, VA | $80,247,990 | $62,671,354 |
American Society For Microbiology Washington, DC | $150,116,878 | $47,169,263 |
Society For Science And The Public Washington, DC | $102,112,945 | $28,541,247 |
National Mining Association Washington, DC | $46,237,284 | $38,836,744 |
American Society For Engineering Education Washington, DC | $9,064,314 | $18,727,509 |
Information Technology Industry Council Ltd Washington, DC | $23,400,672 | $20,714,529 |
The Computing Research Association Inc Washington, DC | $7,343,840 | $10,008,552 |
American Society For Biochemistry And Molecular Biology Inc Rockville, MD | $126,574,647 | $17,687,280 |