Precancel Stamp Society Inc is located in Bloomington, IL. The organization was established in 2015. 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. Precancel Stamp 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 08/2023, Precancel Stamp Society Inc generated $25.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $16.3k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION WAS FORMED FOR THOSE WHO ENJOY COLLECTING STAMPS. THE ORGANIZATION FACILITATES CONVENTIONS AND PRINTS PERIODICALS FOR THE BENEFIT OF THE COLLECTING PUBLIC.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Parker Member | 1 | $0 | |
Phil Cayford Chairman | 1 | $0 | |
Eugene Byers Treasurer | 1 | $0 | |
Ralph Kimball Member | 1 | $0 | |
Tg Rehkop Secretary | 3 | $2,400 | |
Loren Neuharth President | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,332 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,252 |
| Investment income | $7,959 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,488 |
| Other Revenue | $0 |
| Total Revenue | $25,674 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,400 |
| Professional fees and other payments to independent contractors | $450 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,439 |
| Total expenses | $16,289 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $212,988 |
| Other assets | $0 |
| Total assets | $212,988 |
| Total liabilities | $0 |
| Net assets or fund balances | $212,988 |