Philadelphia Society
- Assets
- $830.9k
- Revenue
- $505.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Grand Rapids, MI
- Founding
- 07/1967
- Data as of
- 12/2022
- EIN
- 36-6151680
Organization Overview
Philadelphia Society is located in Grand Rapids, MI. The organization was established in 1967. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia 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 12/2022, Philadelphia Society generated $505.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $430.5k during the year ending 12/2022. While expenses have increased by 5.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS - THE SOCIETY HOLDS TWO CONFERENCES PER YEAR WHERE MEMBERS AND THEIR GUESTS CAN CONGREGATE FOR THE EXCHANGE OF IDEAS. AT THESE SEMINARS, PARTICIPANTS ARE INVITED TO ATTEND LECTURES GIVEN BY DISTINGUISHED SPEAKERS ON TOPICS INCLUDING THOSE THAT ARE ECONOMIC, POLITICAL, CULTURAL, RELIGIOUS, AND PHILOSOPHIC IN NATURE. ATTENDEES ARE ALSO ENCOURAGED TO MEET THEIR FELLOW MEMBERS AND PARTICIPATE IN RELEVANT DISCUSSIONS THROUGHOUT THE PROGRAM.
FUTURE OF FREEDOM - THE 2022-2023 FUTURE OF FREEDOM INITIATIVE, SUPPORTED BY THE JOHN WILLIAM POPE FOUNDATION, SEEKS TO REFRESH, REBUILD, AND REVITALIZE AMERICAN CONSERVATISM BY PROVIDING FELLOWSHIPS TO PROMISING YOUNG LEADERS. PARTICIPANTS ATTEND TWO SOCIETY MEETINGS AND ENGAGE IN ONLINE READING AND DISCUSSION GROUPS.
GENERAL FELLOWSHIPS - THE SOCIETY OFFERS A LIMITED NUMBER OF COMPETITIVE FELLOESHIPS TO ALLOW EXCEPTIONAL YOUNG LEADERS TO ATTEND THE SEMI-ANNUAL CONFERENCES. THE PURPOSE OF THIS PROGRAM IS TO FOSTER INTELLECTUAL VITALITY AND GROWTH FOR THE SOCIETY. AS SUCH, PRIORITY IS GIVEN TO THOSE APPLICANTS WHO DEMONSTRATE INTEREST IN THE INTELLECTUAL RENEWAL OF A SOCIAL ORDER OF FREE AND RESPONSIBLE INDIVIDUALS, POTENTIALLY THROUGH THEIR PROFESSIONAL ACTIVITIES, AND THOSE WHO ARE LIKELY TO JOIN THE SOCIETY IN THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ronald Pestritto President | OfficerTrustee | 2 | $0 |
Bridgett Wagner 1st Vice Pre | OfficerTrustee | 2 | $0 |
Dr Bradley Watson 2nd Vice Pre | OfficerTrustee | 2 | $0 |
Dr Lenore Ealy Secretary | Officer | 10 | $0 |
Daniel Hales Assistant Se | Officer | 2 | $0 |
Dr David Stuhr Treasurer | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,349 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $277,120 |
| Noncash contributions included in lines 1a–1f | $5,617 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,469 |
| Total Program Service Revenue | $176,952 |
| Investment income | $9,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $504,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,592 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,901 |
| Fees for services: Management | $60,000 |
| Fees for services: Legal | $5,617 |
| Fees for services: Accounting | $11,197 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,424 |
| Advertising and promotion | $0 |
| Office expenses | $18,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $190,761 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,645 |
| All other expenses | $969 |
| Total functional expenses | $430,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,621 |
| Savings and temporary cash investments | $171,678 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $418,002 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,600 |
| Total assets | $830,901 |
| Accounts payable and accrued expenses | $3,387 |
| Grants payable | $0 |
| Deferred revenue | $23,155 |
| 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 | $26,542 |
| Net assets without donor restrictions | $654,888 |
| Net assets with donor restrictions | $149,471 |
| 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 | $830,901 |