British North America Philatelic Society Ltd
- Assets
- $1.2m
- Revenue
- $63.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 39-1522897
Organization Overview
British North America Philatelic Society Ltd is located in null. The organization was established in 1987. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. British North America Philatelic Society Ltd 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, British North America Philatelic Society Ltd generated $63.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $83.1k during the year ending 12/2022. 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
THE BRITISH NORTH AMERICA PHILATELIC SOCIETY LTD.'S (BNAPS) MISSION IS TO STIMULATE AND FOSTER PUBLIC INTEREST IN THE SIGNIFICANCE OF STAMPS AND POSTAL HISTORY IN THE AMERICAS. ITS MISSION IS ACCOMPLISHED BY PROVIDING TIMELY AND INTERESTING FACTS AND HISTORY THROUGH PERIODIC PUBLICATIONS REFLECTING RESEARCH UNDERTAKEN BY ITS MEMBERS AND OTHERS, GROUP DISCUSSIONS AND PROMOTING AN ATMOSPHERE OF COMRADESHIP AMONG ITS MEMBERS, AND INTERACTING WITH OTHER PHILATELIC GROUPS AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUARTERLY PUBLICATION: BNAPS PROVIDES ITS MEMBERS ITS AWARD WINNING PERIODIC PUBLICATION JOURNAL "BNA TOPICS" WHICH BRINGS ITS READERS EXCELLENT ARTICLES ON A VARIETY OF PHILATELIC SUBJECTS. BNAPS ALSO ENCOURAGES THE PUBLICATION OF BOOKS ON SPECIALIZED BNA PHILATELIC SUBJECTS AND EXHIBITS THROUGH ITS PUBLICATIONS COMMITTEE.
THE BRITISH NORTH AMERICA PHILATELIC SOCIETY LTD.'S (BNAPS) MISSION IS TO STIMULATE AND FOSTER PUBLIC INTEREST IN THE SIGNIFICANCE OF STAMPS AND POSTAL HISTORY IN THE AMERICAS. ITS MISSION IS ACCOMPLISHED BY PROVIDING TIMELY AND INTERESTING FACTS AND HISTORY THROUGH PERIODIC PUBLICATIONS REFLECTING RESEARCH UNDERTAKEN BY ITS MEMBERS AND OTHERS, GROUP DISCUSSIONS AND PROMOTING AN ATMOSPHERE OF COMRADESHIP AMONG ITS MEMBERS, AND INTERACTING WITH OTHER PHILATELIC GROUPS AND THE GENERAL PUBLIC.
BNAPS PROMOTES VARIOUS GROUP ACTIVITIES, INCLUDING A YOUTH PROGRAM CONDUCTED BY MEMBER VOLUNTEERS, TO AFFORD MEMBERS THE OPPORTUNITY TO DISCUSS AND SHARE SIMILAR INTERESTS. EACH OF THE VARIOUS GROUPS EXCHANGE OPINIONS, ASK QUESTIONS, AND REPORT ITS FINDINGS FOR ALL MEMBERS TO ENJOY. THE STUDY GROUPS CONTINUE TO DO EXCELLENT WORK. THE BREADTH OF THE SUBJECTS COVERED AND THE QUALITY OF THE RESEARCH BEING ACCOMPLISHED BY THE GROUPS IS IMPRESSIVE. SEVERAL GROUPS OFFER ELECTRONIC DISTRIBUTION OF THEIR NEWSLETTERS THEREBY REDUCING PRINTING AND MAILING COSTS AND PROVIDING INCREASED USE OF COLOR ILLUSTRATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mclaughlin President | Officer | 20 | $0 |
Ronald Majors Past Preside | Officer | 2 | $0 |
David Bartlet First Vice P | Officer | 10 | $0 |
Mark Oakley Vice Pres Re | Officer | 5 | $0 |
Ronald F Smith Vice Pres St | Officer | 5 | $0 |
P Charles Livermore Secretary | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,874 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,183 |
| Total Program Service Revenue | $7,982 |
| Investment income | $32,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,874 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,922 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,014 |
| Fees for services: Other | $2,549 |
| Advertising and promotion | $3,660 |
| Office expenses | $44,895 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,956 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,877 |
| All other expenses | $0 |
| Total functional expenses | $83,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,630 |
| Savings and temporary cash investments | $15,077 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $100,591 |
| Prepaid expenses and deferred charges | $3,589 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,070,306 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,210,881 |
| Accounts payable and accrued expenses | $58,173 |
| Grants payable | $0 |
| Deferred revenue | $28,170 |
| 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 | $86,343 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,124,538 |
| Total liabilities and net assets/fund balances | $1,210,881 |
Peer Organizations
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