Nonprofit · EIN 13-1523140
THE PHILATELIC FOUNDATION
Tax-exempt · NEW YORK, NY 10016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $881,456 | $757,675 | $123,781 | $4,373,597 | $273,347 | $4,100,250 |
| December 31, 2023 | 990 | $672,367 | $671,968 | $399 | $4,127,148 | $270,423 | $3,856,725 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $133,872
- Program service revenue
- $537,351
- Investment income
- $210,233
- Net gain from sales of assets
- $140,635
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $155,000
- Other salaries and wages
- $102,208
- Salaries, compensation and benefits (total)
- $304,471
- Professional fundraising fees
- $0
- Accounting fees
- $20,632
- Occupancy
- $83,719
- Travel
- $14,945
- Depreciation
- $72,202
- Program services (functional)
- $470,833
- Management and general (functional)
- $279,358
- Fundraising (functional)
- $7,484
Balance sheet and other
- Total assets, start of year
- $4,127,148
- Total assets, end of year
- $4,373,597
- Total liabilities, end of year
- $273,347
- Net assets, end of year
- $4,100,250
- Land, buildings and equipment
- $961,283
- Publicly traded securities
- $2,894,945
- Net assets without donor restrictions
- $3,728,838
- Net assets with donor restrictions
- $371,412
- Gross receipts
- $933,129
- Employees
- 4
- Volunteers
- 13
- Year formed
- 1945
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY LYONS | EXEC DIRECTOR | 30 | $155,000 |
| GEORGE J KRAMER | CHAIR EMERITUS Trustee or director | 2 | $0 |
| ROBERT G ROSE | Chairman Trustee or director, Officer | 2 | $0 |
| MARK SCHWARTZ | Trustee Trustee or director | 0.5 | $0 |
| WADE SAADI | Trustee Trustee or director | 0.5 | $0 |
| DR PETER MCCANN | Trustee Trustee or director | 0.5 | $0 |
| HARRY OLIVAR | Treasurer Trustee or director, Officer | 0.5 | $0 |
| DANIEL RYTERBAND | Trustee Trustee or director | 0.5 | $0 |
| ANDREW TITLEY | Trustee Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY LYONS | EXEC DIRECTOR | 30 | $105,000 |
| GEORGE J KRAMER | CHAIR EMERITUS Trustee or director | 2 | $0 |
| ROBERT G ROSE | Chairman Trustee or director, Officer | 2 | $0 |
| CHARLES EPTING | Trustee Trustee or director | 0.5 | $0 |
| STEPHEN REINHARD | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| MARK SCHWARTZ | Trustee Trustee or director | 0.5 | $0 |
| WADE SAADI | Trustee Trustee or director | 0.5 | $0 |
| DR PETER MCCANN | Trustee Trustee or director | 0.5 | $0 |
| HARRY OLIVAR | Treasurer Trustee or director, Officer | 0.5 | $0 |
| DANIEL RYTERBAND | Trustee Trustee or director | 0.5 | $0 |
| CHARLES SHREVE | Trustee Trustee or director | 0.5 | $0 |
| ANDREW TITLEY | Trustee Trustee or director | 0.5 | $0 |
| DR VERNON MORRIS | Secretary Trustee or director, Officer | 0.5 | $0 |
| PATRICIA A KAUFMAN | Trustee Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 353 LEXINGTON AVE RM 804, NEW YORK, NY 10016-1052
- Signed the 990
- LARRY LYONS, Executive Director
- Phone
- (212) 221-6555
- Website
- WWW.PHILATELICFOUNDATION.ORG
- Return prepared by
- Baldessari & Coster LLP
Mission
TO ENCOURAGE AND ADVANCE PHILATELY IN ALL ITS BRANCHES THROUGH PUBLICATIONS, WEBSITE, DVD'S AND TO PROVIDE EXPERT ADVICE ABOUT STAMPS AND COVERS.
Program accomplishments
- EXPERT COMMITTEE PROVIDES THE SERVICE OF EXPERTIZING STAMPS AND COVERS.Expenses $329,013
- EDUCATION/PUBLICATION COMMITTEE PROMOTES PHILATELY THROUGH EDUCATIONAL SEMINARS, MEETINGS AND PUBLICATIONS, AS WELL AS PRODUCING PICTURES, SLIDES AND PHILATELIC PUBLICATIONS.Expenses $141,820
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-1523140
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1946
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,373,597
- Income (IRS master file)
- $933,129
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $881,456 | $757,675 | $4,373,597 | XML |
| 990 | December 2023 | $672,367 | $671,968 | $4,127,148 | XML |
| 990 | December 2022 | $661,736 | $885,224 | $4,064,052 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-1523140).
Questions about THE PHILATELIC FOUNDATION
- What is the EIN of THE PHILATELIC FOUNDATION?
- The employer identification number (EIN) of THE PHILATELIC FOUNDATION is 13-1523140.
- Is THE PHILATELIC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Are donations to THE PHILATELIC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE PHILATELIC FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE PHILATELIC FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE PHILATELIC FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of THE PHILATELIC FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $155,000 (LARRY LYONS, EXEC DIRECTOR).
- How much revenue does THE PHILATELIC FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $881,456, expenses of $757,675 and total assets of $4,373,597 at year end.
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