Mineralogical Society Of America
- Assets
- $5.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Chantilly, VA
- Founding
- 01/1960
- Data as of
- 12/2020
- EIN
- 52-6044250
Organization Overview
Mineralogical Society Of America is located in Chantilly, VA. The organization was established in 1960. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Mineralogical Society Of America employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mineralogical 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 12/2020, Mineralogical Society Of America generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2020. 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 MINERALOGICAL SOCIETY OF AMERICA (THE SOCIETY) WAS FOUNDED FOR THE ADVANCEMENT OF MINERALOGY, CRYSTALLOGRAPHY, GEOCHEMISTRY, PETROLOGY AND PROMOTION OF THEIR USES IN OTHER SCIENCES, INDUSTRY, AND THE ARTS. THE SOCIETY ENCOURAGES FUNDAMENTAL RESEARCH ABOUT NATURAL MATERIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS: -SCIENTIFIC PUBLICATIONS (JOURNALS AND BOOKS) AND WEBSITE PRODUCED FOR THE ADVANCEMENT AND PROMTION OF MINERALOGY, CRYSTALLOGRAPHY, AND PETROLOGY. SOME EXAMPLES OF THE PUBLICATION ARE: AMERICAN MINERALOGIST, SUBTITLED AN INTERNATIONAL JOURNAL OF EARTH AND PLANETARY MATERIALS IS THE PRINT JOURNAL OF THE SOCIETY, AND IT HAS CONTINUOUSLY APPEARED SINCE 1916. IT PUBLISHES THE RESULTS OF ORIGINAL SCIENTIFIC RESEARCH IN THE FIELDS OF MINERALOGY, CRYSTALLOGRAPHY, GEOCHEMISTRY, AND PETROLOGY WITH THE GOAL OF PROVIDING READERS WITH THE BEST IN EARTH SCIENCE RESEARCH. REVIEWS IN MINERALOGY AND GEOCHEMISTRY A SERIES OF MULTI-AUTHORED, SOFT-BOUND BOOKS CONTAINING COGENT AND CONCISE REVIEWS.
MEETINGS, SYMPOSIA, AND SPECIAL SESSIONS:THE SOCIETY SPONSORS OR CO-SPONSORS A VARIETY OF INTERNATIONAL AND NATIONAL MEETINGS AS WELL AS SYMPOSIA, SPECIAL, AND THEME SESSIONS AT MEETINGS.
GRANTS - GRANTS FOR RESEARCH IN CRYSTALLOGRAPHY FROM THE E.H. KRAUS CRYSTALLOGRAPHIC RESEARCH FUND AND GRANTS FOR STUDENT RESEARCH IN MINERALOGY AND PETROLOGY ARE GIVEN EACH YEAR BASED ON THE QUALITY, INNOVATIVENESS, AND SCIENTIFIC SIGNIFICANCE OF THE RESEARCH PROPOSED BY STUDENTS AND YOUNG RESEARCHERS. COMMITTEES OF THE SOCIETY MEMBERS EVALUATE THE WRITTEN PROPOSALS AND RECOMMEND ONE KRAUS AND TWO MINERALOGY AND PETROLOGY AWARDS TO BE MADE TO THE SOCIETY'S COUNCIL, WHO FINALLY APPROVE THE SELECTION.
OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann E Benbow Executive Director | Officer | 40 | $132,860 |
Carol Frost Past President | OfficerTrustee | 4 | $0 |
Kimberly Tait Secretary | OfficerTrustee | 4 | $0 |
Mark Ghiorso President | OfficerTrustee | 4 | $0 |
Pamela Burnley Vice President | OfficerTrustee | 4 | $0 |
Glenn Gaetani Treasurer | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dunhill Village Rental | 12/30/21 | $127,553 |
Apc Postal Printing | 12/30/21 | $103,197 |
Amara Enterprise Llc Information Technology | 12/30/21 | $191,675 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,760 |
| Total Program Service Revenue | $1,208,043 |
| Investment income | $97,925 |
| Tax Exempt Bond Proceeds | $19,577 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$83,297 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $169,222 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,463,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $148,916 |
| Compensation of current officers, directors, key employees. | $58,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $370,528 |
| Pension plan accruals and contributions | $31,465 |
| Other employee benefits | $67,867 |
| Payroll taxes | $38,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| Fees for services: Accounting | $34,608 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,954 |
| Fees for services: Other | $12,573 |
| Advertising and promotion | $0 |
| Office expenses | $98,270 |
| Information technology | $30,448 |
| Royalties | $0 |
| Occupancy | $82,448 |
| Travel | $11,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,505 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,950 |
| Insurance | $10,138 |
| All other expenses | $0 |
| Total functional expenses | $1,632,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130 |
| Savings and temporary cash investments | $226,263 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,176 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $564,892 |
| Prepaid expenses and deferred charges | $31,871 |
| Net Land, buildings, and equipment | $215,403 |
| Investments—publicly traded securities | $3,448,445 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,092,112 |
| Total assets | $5,715,292 |
| Accounts payable and accrued expenses | $1,215,080 |
| Grants payable | $0 |
| Deferred revenue | $269,053 |
| 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 | $137,618 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $105,383 |
| Total liabilities | $1,727,134 |
| Net assets without donor restrictions | $2,016,460 |
| Net assets with donor restrictions | $1,971,698 |
| 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 | $5,715,292 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mineralogical Society Of America has recieved totaling $9,680.
| Awarding Organization | Amount |
|---|---|
Robert And Margaret Hazen Foundation Inc Bethesda, MD PURPOSE: CONTRIBUTION | $9,680 |
Endowment Analysis
| Beg. Balance | $3,540,392 |
| Earnings | $518,463 |
| Admin Expense | $83,475 |
| Net Contributions | $261,970 |
| Ending Balance | $4,237,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
General Aviation Manufacturers Association Inc Washington, DC | $11,882,458 | $7,210,865 |
American Council On Renewable Energy-Acore Washington, DC | $2,445,109 | $6,857,978 |
Universities Research Association Inc Washington, DC | $19,819,998 | $5,982,811 |
Korea-Us Science Cooperation Center Vienna, VA | $5,319,420 | $4,061,638 |
American Center For Physics Inc college park, MD | $26,806,500 | $2,493,197 |
Alliance For Market Solutions Inc Mclean, VA | $810,160 | $251,246 |
Mineralogical Society Of America Chantilly, VA | $5,715,292 | $1,463,558 |
Open Imagery Network Inc Washington, DC | $812,425 | $1,782,687 |
National Space Club And Foundation Washington, DC | $1,376,544 | $1,273,156 |
Muddy Sneakers Inc Brevard, NC | $1,613,643 | $1,899,538 |
The Shodor Education Foundation Inc Durham, NC | $254,351 | $996,558 |
National Weather Service Employees Organization Washington, DC | $1,437,187 | $1,051,491 |