Midwest Sociological Society Inc
- Assets
- $2.5m
- Revenue
- $320.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 06/1964
- Data as of
- 08/2020
- EIN
- 42-6084813
Organization Overview
Midwest Sociological Society Inc is located in Omaha, NE. The organization was established in 1964. According to its NTEE Classification (V03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Sociological Society Inc 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 08/2020, Midwest Sociological Society Inc generated $320.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $251.8k during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 6 years. 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
THE MIDWEST SOCIOLOGICAL SOCIETY (MSS) IS OPERATED FOR THE ADVANCEMENT OF SOCIOLOGY IN THE MIDWEST REGION OF THE UNITED STATES. THE SOCIETY ALSO PROVIDES A FORUM FOR THE DISCUSSION AND PRESENTATION OF SOCIOLOGICAL MATTERS BY PROVIDING AN ANNUAL CONFERENCE FOR MEMBERS AND OTHERS INTERESTED IN SOCIOLOGY. THE SOCIETY SUPPORTS PROFESSIONAL AND SCHOLARLY DEVELOPMENT BY PROVIDING SCHOLARSHIPS FOR UNDERGRADUATE AND ADVANCED STUDIES IN THE FIELD OF SOCIOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PUBLISHES A NEWSLETTER, THE MIDWEST SOCIOLOGIST, AND A SCHOLARLY JOURNAL, THE SOCIOLOGICAL QUARTERLY. IN 2020, THERE WERE 4200 RECIPIENTS OF THE SOCIOLOGICAL QUARTERLY.
THE ORGANIZATION PROVIDES A FORUM FOR THE DISCUSSION AND PRESENTATION OF SOCIOLOGICAL MATTERS BY PROVIDING AND ANNUAL MEETING AN CONFERENCE FOR SCHOLARS. IN 2020, THERE WERE 544 REGISTRANTS PRIOR TO THE CANCELLATION OF THE MEETING DUE TO COVID-19 AND LOCAL RESTRICTIONS.
THE ORGANIZATION SUPPORTS PROFESSIONAL AND SCHOLARLY DEVELOPMENT BY PROVIDING SCHOLARSHIPS FOR UNDERGRADUATE AND ADVANCED STUDIES IN THE FIELD OF SOCIOLOGY. IN 2020, $18,850 WERE PROVIDED AS RESEARCH SCHOLARSHIP GRANTS.
THE ORGANIZATION PUBLISHES A NEWSLETTER, THE MIDWEST SOCIOLOGIST, AND A SCHOLARLY JOURNAL, THE SOCIOLOGICAL QUARTERLY. IN 2020, THERE WERE 4200 RECIPIENTS OF THE SOCIOLOGICAL QUARTERLY.
THE ORGANIZATION PROVIDES A FORUM FOR THE DISCUSSION AND PRESENTATION OF SOCIOLOGICAL MATTERS BY PROVIDING AND ANNUAL MEETING AN CONFERENCE FOR SCHOLARS. IN 2020, THERE WERE 544 REGISTRANTS PRIOR TO THE CANCELLATION OF THE MEETING DUE TO COVID-19 AND LOCAL RESTRICTIONS.
THE ORGANIZATION SUPPORTS PROFESSIONAL AND SCHOLARLY DEVELOPMENT BY PROVIDING SCHOLARSHIPS FOR UNDERGRADUATE AND ADVANCED STUDIES IN THE FIELD OF SOCIOLOGY. IN 2020, $18,850 WERE PROVIDED AS RESEARCH SCHOLARSHIP GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Talarico Executive Director | OfficerTrustee | 40 | $60,068 |
Lisa Thrane Treasurer Designate, Treasurer | OfficerTrustee | 1 | $0 |
Julie Pelton President Elect, President | OfficerTrustee | 1 | $0 |
Tom Gerschick President, Past President | OfficerTrustee | 1 | $0 |
Marlynn May Past President - Thru March 2020 | OfficerTrustee | 1 | $0 |
Megan Nielsen Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,060 |
| Investment income | $45,207 |
| 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 | $320,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $42,481 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,825 |
| 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 | $5,000 |
| Fees for services: Accounting | $11,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $972 |
| Information technology | $139 |
| 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 | $34,802 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $251,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,145 |
| Savings and temporary cash investments | $157,664 |
| 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 | $0 |
| Investments—publicly traded securities | $2,210,710 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,496,519 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| 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 | $2,496,519 |
Endowment Analysis
| Beg. Balance | $1,231,733 |
| Earnings | $175,491 |
| Ending Balance | $1,407,224 |
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