American Philatelic Research Library
- Assets
- $13.9m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Bellefonte, PA
- Founding
- 09/1969
- Data as of
- 12/2020
- EIN
- 25-1213435
Organization Overview
American Philatelic Research Library is located in Bellefonte, PA. The organization was established in 1969. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Philatelic Research Library 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 12/2020, American Philatelic Research Library generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 43.4% each year . All expenses for the organization totaled $654.0k during the year ending 12/2020. While expenses have increased by 1.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF PHILATELIC LITERATURE SERVES THE PUBLIC THROUGH THE LENDING AND PRESERVATION OF PHILATELIC LITERATURE; CREATION AND MAINTENANCE OF INDEXES; MAINTENANCE OF ARCHIVES AND PHILATELIC MEMORABILA; CREATION OF EXHIBITS; AND PUBLICATION OF PHILATELIC LITERATURE REVIEW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY SERVICES-CATALOGING AND FILING OF PHILATELIC LITERATURE;LENDING AND PRESERVATION OF LITERATURE; CREATION AND MAINTENANCE OF INDEXES; MAINTENANCE OF ARCHIVES AND PHILATELIC MEMORABILIA; AND CREATION OF EXHIBITS. SERVICES ARE PROVIDED TO THE GENERAL PUBLIC AND THE 27,000 MEMBERS OF THE AMERICAN PHILATELIC SOCIETY, INCLUDING RENT PAID BY AFFILIATE
PUBLICATION-PUBLICATION OF PHILATELIC LITERATURE REVIEW,WHICH INCLUDES ARTICLES, BOOK REVIEWS AND INDEXES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Kenneth B Grant President | OfficerTrustee | 2 | $0 |
Greg Galletti Vice President | OfficerTrustee | 1 | $0 |
Melanie Rogers Secretary | OfficerTrustee | 1 | $0 |
Kenneth R Nilsestuen Treasurer | OfficerTrustee | 1 | $0 |
Scott D English Administrator | Officer | 10 | $0 |
Jeffrey Krantweiss Chief Administrative Offic | Officer | 12 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
West Penn Power Utilities - Electricity | 12/30/16 | $109,369 |
Jp Jay Associates Inc Shelving & Furniture | 12/30/16 | $215,701 |
Veronesi Building & Remodeling Contractor | 12/30/16 | $1,427,405 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,869,694 |
| Investment income | $34,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$95,533 |
| Net Gain/Loss on Asset Sales | $6,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,947,828 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,096 |
| Pension plan accruals and contributions | $3,320 |
| Other employee benefits | $0 |
| Payroll taxes | $775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $420 |
| Office expenses | $6,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,004 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $197,704 |
| Insurance | $20,143 |
| All other expenses | $0 |
| Total functional expenses | $654,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,839 |
| Savings and temporary cash investments | $408,712 |
| Pledges and grants receivable | $11,369 |
| Accounts receivable, net | $15,650 |
| 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 | $100,327 |
| Investments—publicly traded securities | $1,951,444 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,852,041 |
| Accounts payable and accrued expenses | $9,097 |
| Grants payable | $0 |
| Deferred revenue | $64,828 |
| 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 | $73,925 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $13,778,116 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Philatelic Research Library has recieved totaling $157.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $132 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25 |
Endowment Analysis
| Beg. Balance | $1,343,174 |
| Earnings | $135,400 |
| Net Contributions | $45,941 |
| Other Expense | -$46,232 |
| Ending Balance | $1,570,747 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Library Company Of Philadelphia Philadelphia, PA | $40,011,303 | $12,014,446 |
Mercantile Library Association Of The City Of New York Brooklyn, NY | $3,218,511 | $3,202,622 |
American Philatelic Research Library Bellefonte, PA | $13,852,041 | $5,947,828 |
American Trust For The British Lbry New York, NY | $2,973,407 | $358,136 |
Collectors Club Inc New York, NY | $2,171,265 | $267,720 |
Lycoming County Library System Williamsport, PA | $336,685 | $144,300 |
International Friends Of London Library Inc New York, NY | $259,430 | $225,720 |
Princeton Library In New York New York, NY | $315,721 | $0 |
American Merchant Marine Library Association Jersey City, NJ | $3,256 | $0 |
American Watchmakers Institute Educational Library And Museum Cha Harrison, OH | $493,328 | $0 |