2024-10-29T06:59:09-05:00 2023-12-31 202000257 Fiore Fedeli Snyder Carothers LLP 2013 Sandy Dr Ste 200 State College PA 16803 990 2023-01-01 240772797 AMERICAN PHILATELIC SOCIETY AMER 8149333803 100 MATCH FACTORY PLACE BELLEFONTE PA 16823 SCOTT D ENGLISH EXECUTIVE DIRECTOR 8149333803 2024-10-23 1 1 JOSEPH P FEDELI CPA P00538622 8142378999 2024-10-23 2023 2024-10-15 13:58:12Z SCOTT D ENGLISH 100 MATCH FACTORY PLACE BELLEFONTE PA 16823 6435928 0 X WWW.STAMPS.ORG X 1886 PA TO PROVIDE EDUCATIONAL SERVICES TO ENHANCE THE ENJOYMENT OF STAMP COLLECTING AND TO PROMOTE STAMP COLLECTING AND ITS RELATED ACTIVITIES FOR PEOPLE OF ALL AGES. 11 11 32 55 210365 0 1680870 1542077 1297679 1693353 287797 224978 335954 355258 3602300 3815666 0 0 0 0 1610573 1788636 0 0 162793 2088552 2459436 3699125 4248072 -96825 -432406 4599278 4214524 2083733 1897592 2515545 2316932 X - TO PROMOTE STAMP COLLECTING FOR PEOPLE OF ALL AGES- TO OFFER SERVICES TO ITS MEMBERSHIP AND TO PHILATELY IN GENERAL, INCLUDING KNOWLEDGE AND EDUCATION, WHICH ENHANCE THE PLEASURE AND FRIENDLINESS OF STAMP COLLECTING- TO INITIATE AND COORDINATE NEW PROGRAMS FOR THE BENEFIT OF STAMP COLLECTING AND OF ALL COLLECTORS- TO REPRESENT THE UNITED STATES OF AMERICA IN THE WORLD BODY OF PHILATELY- TO ASSIST ITS MEMBERS IN ACQUIRING AND DISPOSING OF PHILATELIC MATERIALS 0 0 930364 702882 SALES - CIRCUITS AND INTERNET SALES PROVIDE OPPORTUNITIES FOR MEMBERS TO ACQUIRE AND DISPENSE OF PHILATELIC MATERIAL AMONG EACH OTHER WITH PROTECTIONS AGAINST FRAUD AND THE MISREPRESENTATION OF MATERIAL 741466 439068 AMERICAN PHILATELIST MAGAZINE - PROVIDES ARTICLES AND RESOURCES TO IMFORM AND EDUCATE MEMBERS ABOUT POSTAGE STAMPS, COVERS, AND OTHER PHILATELIC MATERIAL. IT ALSO PROVIDES A VENUE FOR THE PUBLISHING OF THE LATEST PHILATELIC RESEARCH 406805 303086 STAMP SHOWS - APS SHOWS PROVIDE A VENUE FOR COLLECTORS AND STAMP COLLECTING GROUPS TO GET TOGETHER, TO SHARE KNOWLEDGE THROUGH EXHIBITS, EDUCATIONAL MEETINGS AND SEMINARS, AND TO BUY AND SELL STAMPS. 147914 40868 EDUCATION - THE ORGANIZATION PROVIDES EDUCATIONAL SERVICES TO HELP INDIVIDUALS OF ALL AGES WHO ARE INTERESTED IN COLLECTING STAMPS, INCLUDING: COLLECTING AND SAFE STORAGE TECHNIQUES; IDENTIFYING THE MANY VARIETIES OF STAMPS AND RELATED POSTAL MATERIAL; DISTINGUISHING THE DIFFERENCES BETWEEN SIMILAR LOOKING STAMPS (INCLUDING FAKES); AND UNDERSTANDING POSTAL HISTORY. 211537 149551 EXPERTIZING - THE APS EXPERTIZING SERVICE IS AVAILABLE TO ANY INTERESTED PARTY TO IDENTIFY AND AUTHENTICATE PHILATELIC MATERIAL. THIS SERVICE BENEFITS BOTH SOCIETY MEMBERS AND THE BROADER PHILATELIC COMMUNITY BY PROVIDING PROTECTION AGAINST MISREPRESENTATION OF MATERIALS. 238096 0 LIBRARY SERVICES - SERVES THE PUBLIC THROUGH THE LENDING AND PRESERVATION OF PHILATELIC LITERATURE; CREATION AND MAINTENANCE OF INDICES; MAINTENANCE OF ARCHIVES AND PHILATELIC MEMORABILIA; AND THE CREATION OF EXHIBITS. 469527 307748 OTHER MISCELLANEOUS PROGRAMS 1067074 498167 3145709 1 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 5 0 1 32 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 PA X X JEFF KRANTWEISS CHIEF ADMINISTRATI 8149333813 100 MATCH FACTORY PLACE BELLEFONTE PA 168231367 CHERYL GANZ PRESIDENT 8.00 X X 0 0 0 GREG GALLETTI VICE PRESIDENT 1.00 X X 0 0 0 YAMIL KOURI VICE PRESIDENT 3.00 X X 0 0 0 MARK BANCHIK VICE PRESIDENT 1.00 X X 0 0 0 KATHRYN JOHNSON TREASURER 1.00 X X 0 0 0 DR PETER P McCANN SECRETARY 1.00 X X 0 0 0 EVAN SIEGLING DIRECTOR 1.00 X 0 0 0 ELIZABETH HISEY DIRECTOR 6.00 X 0 0 0 MICHAEL CORTESE DIRECTOR 4.00 X 0 0 0 STEPHEN McGILL DIRECTOR 2.00 X 0 0 0 ROBERT ZIEGLER IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 SCOTT D ENGLISH EXECUTIVE DIRECTOR 40.00 X 225000 0 12180 JEFFREY KRANTWEISS CHIEF ADMINISTRATIVE OFFIC 35.00 X 95159 0 5179 320159 0 17359 1 0 1 0 WALSWORTH PUBLISHING COMPANY PO BOX 310295 DES MOINES IA 50331 MAGAZINE PUBLICATION 372723 CAPITAL BLUE CROSS PO BOX 779516 HARRISBURG PA 17177 EMPLOYEE HEALTH INSURANCE 233776 HERITAGE EXPOSITION SERVICES 620 SHENANDOAH AVENUE ST LOUIS MO 63104 STAMPSHOW DECORATOR 148912 3 977505 564572 1542077 SALES DIVISION 900099 702882 702882 MAGAZINE INCOME 513120 439068 333660 105408 STAMP SHOW 900099 303086 303086 EXPERTIZING SERVICE 900099 149551 149551 MEMBERSHIP SERVICES 900099 98766 98766 1693353 4776 4776 2720443 120021 2620262 0 100181 120021 220202 100181 120021 PERSONNEL SERVICES FEES 900099 212832 212832 PUBLICATIONS 513120 43011 43011 EDUCATION 900099 40868 40868 58547 58547 355258 3815666 1943203 210365 120021 X 337518 215674 96192 25652 1120798 715889 319276 85633 22991 14691 6552 1748 195474 143856 40003 11615 111855 75659 28963 7233 80704 70282 750 9672 61377 20844 24532 16001 120000 75092 38731 6177 58565 28419 26170 3976 35816 35816 26599 23048 3172 379 50659 47977 2170 512 MAGAZINE PRODUCTION 398904 398904 STAMP SHOW 322638 313230 2010 7398 POSTAGE 320013 307621 10816 1576 MISC OTHER 300486 29808 270678 0 683675 628899 69555 -14779 4248072 3145709 939570 162793 481814 596361 695832 182948 2700 0 69329 75028 159309 134777 112499 89160 432231 389517 319313 42714 2758482 3093536 4599278 4214524 189411 159965 1052880 969142 841442 768485 2083733 1897592 X 1758695 1505914 756850 811018 2515545 2316932 4599278 4214524 -432406 233793 0 X X 0 1 X 1 0 X 1744323 1628985 1733258 1680870 1542078 8329514 1384577 1289062 1604019 1632337 1693353 7603348 3128900 2918047 3337277 3313207 3235431 15932862 0 0 0 15932862 94506 90579 145137 66207 104957 501386 94506 90579 145137 66207 104957 501386 367600 298252 323900 335954 355258 1680964 3591006 3306878 3806314 3715368 3695646 18115212 0.87950 0.88120 0.02770 0.02630 X X X X 0 689961 2155 81580 30991 742705 854265 4580 -140450 28434 689961 792211 1830 83540 23316 854265 722870 1630 91233 23522 792211 629168 2130 117792 26220 722870 0 0 432231 389517 42714 42714 STAMPS ON CONSIGNMENT 768485 768485 X 4049459 233793 233793 3815666 0 3815666 4248072 0 4248072 0 4248072 Part III, Line 1a: APS RECEIVES CONTRIBUTIONS OF VARIOUS STAMP COLLECTIONS AND REFERENCE AND RESEARCH MATERIALS. THESE NON-CASH CONTRIBUTIONS ARE NOT CAPITALIZED AND SO, IN ACCORDANCE WITH FASB ASC 958-605-25-19, NO REVENUE IS RECOGNIZED FROM THE CONTRIBUTION. IF THE CONTRIBUTED ASSETS ARE RESOLD BY THE ORGANIZATION ANY PROCEEDS FROM THE SALE ARE RECORDED AS AN INCREASE TO THE APPROPRIATE CLASS OF NET ASSETS IN ACCORDANCE WITH FASB ASC 958-360-45-5. Part III, Line 4: THE ORGANIZATION MAINTAINS A REFERENCE COLLECTION OF GENUINE, FAKE, AND COUNTERFEIT POSTAGE STAMPS FOR REVIEW OF SCHOLARS AND TO ASSIST THE EXPERTIZATION PROCESS. OTHER ITEMS ARE MAINTAINED FOR DISPLAYS OF EDUCATIONAL EXHIBITS. Part V, Line 4: INCOME GENERATED FROM THE ENDOWMENT FUNDS ARE USED TO HELP COVER PROGRAM COSTS Part X, Line 2: THE ORGANIZATION HAS EXAMINED ITS POSITIONS AND BELIEVES THEY WILL BE SUSTAINED UPON EXAMINATION. Part XI, Line 2d - Other Adjustments: EXPENSES INCURRED FROM THE UNRELATED BUSINESS ACTIVITIES ARE NETTED WITH UNRELATED BUSINESS INCOME FOR 990 REPORTING Part XII, Line 2d - Other Adjustments: EXPENSES INCURRED FROM THE UNRELATED BUSINESS ACTIVITIES ARE NETTED WITH UNRELATED BUSINESS INCOME FOR 990 REPORTING X X 0 0 0 0 0 0 0 0 0 SCOTT D ENGLISH EXECUTIVE DIRECTOR 225000 0 0 0 0 0 0 0 12180 0 237180 0 0 0 X 2000 0 35 1 1 1 Part I, Line 30b: CONTRIBUTED STAMP COLLECTIONS VALUES AT GREATER THAN $5,000 ARE RETAINED FOR THREE YEARS BEFORE THEY ARE MADE AVAILABLE FOR RESALE. Part I, Line 32b: AT TIMES, THE APS USES STAMP AUCTION HOUSES TO SELL CONTRIBUTED STAMPS THAT HAVE BEEN HELD BEYOND THREE YEARS. Part I, Line 33: APS RECEIVES CONTRIBUTIONS OF VARIOUS STAMP COLLECTIONS AND REFERENCE AND RESEARCH MATERIALS. THESE NON-CASH CONTRIBUTIONS ARE NOT CAPITALIZED AND SO, IN ACCORDANCE WITH FASB ASC 958-605-25-19, NO REVENUE IS RECOGNIZED FROM THE CONTRIBUTION. IF THE CONTRIBUTED ASSETS ARE RESOLD BY THE ORGANIZATION ANY PROCEEDS FROM THE SALE ARE RECORDED AS AN INCREASE TO THE APPROPRIATE CLASS OF NET ASSETS IN ACCORDANCE WITH FASB ASC 958-360-45-5. Form 990, Part VI, Section A, line 6 THE AMERICAN PHILATELIC SOCIETY HAS DUES PAYING MEMBERS. Form 990, Part VI, Section A, line 7a THE DUES PAYING MEMBERS ELECT THE BOARD OF DIRECTORS Form 990, Part VI, Section A, line 7b THE DUES PAYING MEMBERS VOTE ON THE ORGANIZATION'S BY-LAWS Form 990, Part VI, Section B, line 11b COMPLETED FORM IS PROVIDED TO THE FINANCE/AUDIT COMMITTEE AND BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING THE RETURN; IF REVIEW DOES NOT COINCIDE WITH A REGULARLY SCHEDULED BOARD MEETING, COMMENTS ARE PROVIDED TO THE CONTROLLER VIA PHONE & EMAIL Form 990, Part VI, Section B, line 15a DATA FROM THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE) IS OBTAINED AND USED TO DETERMINE THE STANDARD RANGES FOR SIMILAR POSITIONS IN SIMILAR SIZED ORGANIZATIONS (I.E., REVENUE AND NO. OF EMPLOYEES) AND THE SAME GEOGRAPHICAL AREA Form 990, Part VI, Section C, line 19 CURRENTLY, THE ORGANIZATION POSTS THE ANNUAL FINANCIAL STATEMENTS ON THE WEBSITE. ANY MEMBER CAN REQUEST AND THE ORGANIZATION WILL PROVIDE ANY GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY. Form 990, Part IX, line 24e CONTRIBUTIONS: Program service expenses 0. Management and general expenses 204,864. Fundraising expenses 0. Total expenses 204,864. COMPUTER SUPPLIES & EXPENSES: Program service expenses 115,140. Management and general expenses 34,551. Fundraising expenses 1,472. Total expenses 151,163. PROFESSIONAL SERVICES: Program service expenses 84,108. Management and general expenses 52,569. Fundraising expenses 0. Total expenses 136,677. LOSS CLAIMS: Program service expenses 109,655. Management and general expenses 0. Fundraising expenses 0. Total expenses 109,655. COLLECTION & RECOVERY COSTS: Program service expenses 16,576. Management and general expenses 89,647. Fundraising expenses 0. Total expenses 106,223. TRANSFERS: Program service expenses 15,327. Management and general expenses 62,622. Fundraising expenses 0. Total expenses 77,949. CREDIT CARD COSTS: Program service expenses 59,301. Management and general expenses 14,847. Fundraising expenses 2,902. Total expenses 77,050. COST OF GOODS SOLD: Program service expenses 33,793. Management and general expenses 2,954. Fundraising expenses 0. Total expenses 36,747. INTEROFFICE: Program service expenses 194,999. Management and general expenses -392,499. Fundraising expenses -19,153. Total expenses -216,653. PART XII, LINE 2C THE SOCIETY'S FINANCE/AUDIT COMMITTEE IS RESPONSIBLE FOR SELECTION OF THE AUDITOR, ENGAGING AN AUDIT AND MEETING WITH THE AUDITOR THROUGHOUT THE AUDIT PROCESS. THE COMMITTEE SHARES ITS OBSERVATIONS WITH THE ENTIRE BOARD. AMERICAN PHILATELIC RESEARCH LIBRARY 100 MATCH FACTORY PLACE BELLEFONTE PA 16823 251213435 PRESERVATION OF PHILATELIC LITERATURE PA 501(c)(3) Line 11 N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 AMERICAN PHILATELIC RESEARCH LIBRARY K 120000 FAIR VALUE AMERICAN PHILATELIC RESEARCH LIBRARY B 313410 FAIR VALUE AMERICAN PHILATELIC RESEARCH LIBRARY O 212832 FAIR VALUE AMERICAN PHILATELIC RESEARCH LIBRARY R 27683 FAIR VALUE AMERICAN PHILATELIC RESEARCH LIBRARY N 1 FAIR VALUE