Photographic Society Of America
- Assets
- $3.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Oklahoma City, OK
- Founding
- 09/1942
- Data as of
- 06/2022
- EIN
- 23-1352299
Organization Overview
Photographic Society Of America is located in Oklahoma City, OK. The organization was established in 1942. As of 06/2024, Photographic Society Of America employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Photographic 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 06/2022, Photographic Society Of America generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 5.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE ARTS AND SCIENCES OF PHOTOGRAPHY
Describe the Organization's Program Activity:
MEMBERSHIP SERVICES-AWARD OF MERIT, SALES OF PHOTOGRAPHIC SOCIETY OF AMERICA MEMORIBILIA, INFORMATION SERVICES RE:PHOTO TECHNIQUES, PSA SERVICES TO CHAPTERS
CONVENTIONS, SEMINARS AND OTHER
PHOTOGRAPHIC SOCIETY OF AMERICA JOURNAL PRINTING PUBLICATIONS AND CIRCULATION OF MAGAZINES WITH PHOTOS AND ITEMS OF INTEREST
DIVISION AND COMMITTEE SPECIFIC INFORMATION REGARDING SPECIALTY PHOTOGRAPHIC AND RELATED OVERSIGHT COMMITTEE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jr Schnelzer President | OfficerTrustee | 2 | $0 |
D Michael Jack Treasurer | OfficerTrustee | 2 | $0 |
Sharon Prislipsky Secretary | OfficerTrustee | 2 | $0 |
John Larson Divisions V.P. | Trustee | 2 | $0 |
Brian Magor Exhibits V.P. | Trustee | 2 | $0 |
John Andrew Hughes Vice-President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $644,793 |
| Investment income | $109,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,880 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $132,422 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,188,251 |
| Statement of Expenses | |
|---|---|
| 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. | $65,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,357 |
| Pension plan accruals and contributions | $2,974 |
| Other employee benefits | $20,353 |
| Payroll taxes | $12,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,963 |
| Fees for services: Accounting | $45,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,450 |
| Fees for services: Other | $7,212 |
| Advertising and promotion | $0 |
| Office expenses | $80,096 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,817 |
| Travel | $5,170 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,076 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,874 |
| Insurance | $20,251 |
| All other expenses | $0 |
| Total functional expenses | $1,602,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $327,693 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,337 |
| Prepaid expenses and deferred charges | $89,172 |
| Investments—publicly traded securities | $2,817,365 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,706 |
| Total assets | $3,453,944 |
| Accounts payable and accrued expenses | $31,894 |
| Grants payable | $0 |
| Deferred revenue | $463,496 |
| 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 | $495,390 |
| Net assets without donor restrictions | $2,910,022 |
| Net assets with donor restrictions | $48,532 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,958,554 |
Grants Awarded
Over the last fiscal year, Photographic Society Of America has awarded $3,070,059 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CENTRAL OKLAHOMA FOUNDATION PURPOSE: SCHOLARSHIPS | $10,500 |
PHOTOGRAPHIC SOCIETY OF AMERICA ENDOWMENT FUND I PURPOSE: PROMOTE ARTS AND SCIENCES OF PHOTOGRAPHY & BUILDING PURCHASE | $3,054,011 |
PHOTOGRAPHIC SOCIETY OF AMERICA ENDOWMENT FUND II PURPOSE: ENDOWMENT CONTRIBUTION | $5,548 |