Overview
What is American Philosophical Society?
The American Philosophical Society, established in 1743 by Benjamin Franklin, is the oldest learned society in the US, dedicated to the pursuit of knowledge. In today's world, the Society continues its mission by fostering intellectual growth through various means. It recognizes distinguished individuals in science, humanities, social sciences, and civic and cultural affairs by welcoming them as members and offering them opportunities for interdisciplinary engagement. Moreover, the Society advances research and discovery by providing grants, fellowships, lectures, publications, and prizes. Lastly, it supports scholars by maintaining a renowned research library filled with historically valuable manuscripts and collections.
Official website here: www.amphilsoc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
The American Philosophical Society has achieved a remarkable score of 97%, reflecting strong accountability and financial health. This high rating is solely based on its robust accountability and finance practices, showcasing the organization's commitment to transparency and responsible management of its resources.
One of the organization's notable strengths is its governance structure, featuring a fully independent board with a significant number of independent members. The society has established comprehensive policies, including conflict of interest and whistleblower policies, ensuring ethical operations. Additionally, the financial ratios indicate a healthy balance between liabilities and assets, along with efficient fundraising practices.
However, while the organization excels in financial management and accountability, the data does not provide insights into its programmatic impact or community engagement. Future evaluations could benefit from a deeper understanding of the outcomes and effectiveness of the programs it supports. Overall, the American Philosophical Society stands out for its financial integrity and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is American Philosophical Society legitimate?
American Philosophical Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Philosophical Society 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: $796,422
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,290,715
For more financial information, click here
Official website here: www.amphilsoc.org
What is the mission statement of American Philosophical Society?
The American Philosophical Society, established in 1743, is the oldest learned society in the United States with a mission to foster the advancement of knowledge. In the modern era, the Society continues to uphold this objective through three primary means. Firstly, it recognizes and engages prominent scientists, humanists, social scientists, and leaders in civic and cultural affairs via elected membership and chances for interdisciplinary intellectual exchange during semi-annual meetings. Secondly, it fosters research and discovery through various means such as grants, fellowships, lectures, publications, prizes, and exhibitions. Lastly, it supports scholars by maintaining a renowned research library of manuscripts and other collections, recognized for their historical significance. The Society's current endeavors embody the founder's curiosity, provide a platform for idea exchange, and reflect the members' belief in the importance of intellectual inquiry.
Official website here: www.amphilsoc.org
Who is the CEO of American Philosophical Society?
Dr Robert M Hauser is the Librarian of American Philosophical Society.
Official website here: www.amphilsoc.org
What is the revenue of American Philosophical Society?
American Philosophical Society's revenue in 2022 was $12,299,474.
Official website here: www.amphilsoc.org
Who are the executives of American Philosophical Society and what are their salaries?
The average compensation at American Philosophical Society during 2022 was $53,778. There are 76 employees and 36 volunteers at American Philosophical Society.
Here are 35 key members and their salaries:
- Compensation: $261,935
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- Other: $42,238
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Official website here: www.amphilsoc.org
Where can I find the form 990 for American Philosophical Society?
American Philosophical Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.amphilsoc.org
Learn more at the official website: www.amphilsoc.org
Mission Statement of American Philosophical Society
The American Philosophical Society, a learned society established in 1743 by Benjamin Franklin, has dedicated itself to the pursuit of knowledge in the 21st century. Originally founded with the purpose of "promoting useful knowledge," this esteemed organization now upholds its mission in three primary ways.
First and foremost, the American Philosophical Society recognizes and fosters collaboration among leading scientists, humanists, social scientists, and influential figures in civic and cultural spheres. Through elected membership and opportunities for intellectual exchange, the Society facilitates interdisciplinary discourse and encourages the free flow of ideas.
Secondly, the American Philosophical Society invests in research and discovery, providing essential resources to scholars through grants, fellowships, lectures, publications, prizes, exhibitions, and public education. By supporting these initiatives, the Society plays a critical role in advancing knowledge and broadening the horizons of human understanding.
Lastly, the American Philosophical Society serves as a vital resource for scholars by maintaining an internationally recognized research library, renowned for its historic value. This extensive collection of manuscripts and other materials offers invaluable insights into a wide range of disciplines, contributing significantly to ongoing research and innovation.
In summary, the American Philosophical Society, a pioneering learned society founded by Benjamin Franklin, continues to embody the spirit of inquiry and intellectual curiosity that defined its inception. Through its various programs, the Society promotes the exchange of ideas, empowers researchers, and preserves a wealth of knowledge for future generations.
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Impact
October, 2024
The American Philosophical Society significantly impacts the advancement of knowledge and scholarly discourse in various fields. Established in 1743 by Benjamin Franklin, it serves as a prestigious platform for distinguished scientists, humanists, and social scientists to connect and collaborate through elected membership. This fosters interdisciplinary intellectual fellowship, especially evident during the Society's semi-annual meetings in Philadelphia, where innovative ideas can be exchanged.
In addition to honoring notable figures in these fields, the Society actively supports research and discovery by providing grants, fellowships, and organizing lectures and exhibitions. Its commitment to public education ensures that knowledge is accessible beyond academia, enhancing community awareness and participation in scholarly activities.
Moreover, the Society’s research library houses invaluable manuscripts and collections recognized internationally for their historical significance, serving as a vital resource for scholars. Through its diverse programs and initiatives, the American Philosophical Society continues to fulfill its founding mission to "promote useful knowledge," embodying a spirit of inquiry that encourages the free exchange of ideas across generations and disciplines.
This information is meant to be a general summary of American Philosophical Society. 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: $5,717,725
- Program Service Revenue: $62,244
- Gross Receipts: $31,333,442
Assets and Liabilities:
- Total Assets: $267,448,047
- Total Liabilities: $7,857,554
- Net Assets: $259,590,493
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Publications sales
Revenue
$62,244
Organization Details
Founding Year
1743
Phone
(215) 440-3400Principal Officer
Dr Robert M Hauser
Main Address
104 SOUTH FIFTH STREET, PHILADELPHIA, PA, 19106
Website
www.amphilsoc.orgNTEE Category
Code: A700 - Arts
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