Overview
What is Collectors Club Inc?
Collectors Club Inc, established in 1896, is a dedicated nonprofit organization committed to the promotion of philately. Located beyond the scope of the provided information, Collectors Club Inc serves as a platform for speakers from around the globe to exhibit their prized philatelic pieces and share their wisdom with the public, all at no cost. The organization's mission extends to cultivating, promoting, and disseminating knowledge about philately since its inception. Moreover, Collectors Club Inc boasts a comprehensive philatelic library, which is an integral part of an inter-library loan network, enabling public use and access to a vast array of philatelic resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Collectors Club Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance management. The organization's overall score is derived solely from its excellent performance in the Accountability & Finance category, indicating high transparency and effective governance practices.
The charity's board is entirely independent, which contributes to its robust governance structure. With a board size of 15 independent members, it effectively avoids conflicts of interest and maintains oversight through a well-established Audit and Oversight Committee. Essential policies, including conflict of interest and whistleblower protections, are in place, enhancing the organization's credibility.
Financially, Collectors Club Inc shows a healthy balance with a low liabilities to assets ratio of 0.85%, and it allocates a significant portion of its budget, approximately 76.61%, to program expenses. Overall, while the charity demonstrates strong financial health and governance, continuous monitoring of its operational practices will be essential for maintaining this level of performance.
This AI summary has been generated from information found on Charity Navigator.
Is Collectors Club Inc legitimate?
Collectors Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Collectors Club Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,904
For more financial information, click here
What is the mission statement of Collectors Club Inc?
Collectors Club Inc, established in 1896, is committed to the promotion of philately. The organization achieves this goal by inviting philatelic experts from various parts of the world to showcase their valuable collections and share their knowledge with the public, free of charge. Additionally, Collectors Club Inc has been instrumental in cultivating, advancing, and disseminating information about philately. Moreover, the organization houses a philatelic library that is part of an inter-library loan network, making it accessible to the public for educational purposes.
Who is the CEO of Collectors Club Inc?
Lawrence Haber is the President of Collectors Club Inc.
What is the revenue of Collectors Club Inc?
Collectors Club Inc's revenue in 2022 was $6,672,240.
Who are the executives of Collectors Club Inc and what are their salaries?
The average compensation at Collectors Club Inc during 2022 was $27,452. There are 2 employees and 15 volunteers at Collectors Club Inc.
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Where can I find the form 990 for Collectors Club Inc?
Collectors Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Collectors Club Inc
Collectors Club Inc, a nonprofit organization established in 1896, is dedicated to the promotion of philately. Its mission is centered around cultivating, disseminating, and sharing knowledge about philately with the public. To achieve this, the organization recruits speakers from various parts of the globe, showcasing their valuable philatelic collections and imparting their expertise freely. In addition to this, Collectors Club Inc also maintains a philatelic library that is an integral part of an inter-library loan network, making it accessible for public use. This library serves as a rich resource for individuals interested in philately, providing them with a wealth of information and materials. Overall, Collectors Club Inc plays a significant role in promoting philately by fostering an environment for learning and knowledge sharing.
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Impact
July, 2024
Collectors Club Inc plays a significant role in promoting philately by recruiting speakers from around the world to showcase their key pieces and share knowledge with the public free of charge. Since 1896, the organization has been actively cultivating, promoting, and disseminating information about philately. Additionally, they maintain a philatelic library that is part of an inter-library loan network for public use. Through these initiatives, Collectors Club Inc has had a positive impact on educating and engaging the public in the world of stamp collection and philately.
This information is meant to be a general summary of Collectors Club Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,434,579
- Program Service Revenue: $74,089
- Gross Receipts: $8,274,293
Assets and Liabilities:
- Total Assets: $8,078,971
- Total Liabilities: $68,768
- Net Assets: $8,010,203
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS INCOME
Revenue
$1,240
PHILATELIST & PUB
Revenue
$49,602
PROGRAMS & MEETING
Revenue
$23,247
Organization Details
Founding Year
1896
Phone
(212) 683-0559Principal Officer
Lawrence Haber
Main Address
11 WEST 42ND ST 2ND FLOOR, NEW YORK, NY, 10036
NTEE Category
Code: B76Z - Education
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