Overview
What is American Philatelic Research Library?
The American Philatelic Research Library is a nonprofit organization situated in Bellefonte, Pennsylvania. Its primary focus is the preservation and dissemination of philatelic literature, serving both the general public and the 26,000 members of the American Philatelic Society. This is accomplished through various means, such as cataloging and filing philatelic literature, lending and preserving literature, creating and maintaining indexes, maintaining archives and philatelic memorabilia, and creating exhibits. The library also publishes a philatelic literature review and rents its services to affiliated organizations. The organization's mission to preserve philatelic literature benefits the public by providing access to lent and preserved literature, indexes, archives, exhibits, and published literature reviews.
Official website here: www.stamps.org/library
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Star rating)
The American Philatelic Research Library has received a Two-Star rating from Charity Navigator, indicating moderate performance in accountability and finance. The rating reflects a score of 60%, which is primarily based on the organization's financial practices. Notably, the library has a fully independent board of directors, strong financial oversight, and a comprehensive set of policies like conflict of interest and whistleblower protections in place.
While the library demonstrates strengths in governance and compliance, it faces challenges in financial efficiency. The program expense ratio of 43.84% suggests that a significant portion of its expenses is not directed towards its programs, which may impact its operational effectiveness. Additionally, the liabilities to assets ratio is notably low at 0.60%, indicating potential concerns regarding financial sustainability.
Overall, while the American Philatelic Research Library showcases a commitment to transparency and governance, it may need to address its operational efficiency to enhance its impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is American Philatelic Research Library legitimate?
American Philatelic Research Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Philatelic Research Library 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: $233,221
For more financial information, click here
Official website here: www.stamps.org/library
What is the mission statement of American Philatelic Research Library?
The American Philatelic Research Library's mission is centered around preserving philatelic literature for the benefit of the public. This is achieved through various means, including lending and preserving philatelic literature, creating and maintaining indexes, maintaining archives and philatelic memorabilia, creating exhibits, and publishing a philatelic literature review. The library's services, catering to both the general public and the 26,000 members of the American Philatelic Society, also include cataloging and filing of philatelic literature, as well as rent paid by affiliated entities.
Official website here: www.stamps.org/library
Who is the CEO of American Philatelic Research Library?
Scott D English is the President of American Philatelic Research Library.
Official website here: www.stamps.org/library
What is the revenue of American Philatelic Research Library?
American Philatelic Research Library's revenue in 2022 was $1,210,594.
Official website here: www.stamps.org/library
Who are the executives of American Philatelic Research Library and what are their salaries?
The average compensation at American Philatelic Research Library during 2022 was $233,221. There is 1 employee and 50 volunteers at American Philatelic Research Library.
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- Related: $200,000
- Other: $9,540
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- Related: $92,293
- Other: $1,336
Official website here: www.stamps.org/library
Where can I find the form 990 for American Philatelic Research Library?
American Philatelic Research Library's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stamps.org/library
Learn more at the official website: www.stamps.org/library
Mission Statement of American Philatelic Research Library
The American Philatelic Research Library is dedicated to serving the public by preserving philatelic literature. This is accomplished through various means, such as lending and preserving philatelic literature, creating and maintaining indexes, maintaining archives and philatelic memorabilia, creating exhibits, and publishing a philatelic literature review. The library's services cater to both the general public and the 26,000 members of the American Philatelic Society, with some affiliates even paying rent to utilize these resources. The library's mission is to ensure the preservation and accessibility of philatelic literature, contributing to the appreciation and understanding of philately.
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Impact
October, 2024
The American Philatelic Research Library plays a vital role in the preservation and dissemination of philatelic literature. It serves the public by lending and safeguarding a vast collection of resources related to philately, ensuring that both enthusiasts and researchers have access to valuable information. The library excels in the creation and maintenance of comprehensive indexes, making it easier for users to locate specific materials within its extensive archives.
Additionally, the library maintains archives and philatelic memorabilia, preserving the history and cultural significance of stamp collecting for future generations. Through the creation of exhibits, it educates the public about the art and science of philately, fostering greater appreciation for this hobby. The publication of the Philatelic Literature Review further disseminates knowledge and insights, contributing to the ongoing education of its 26,000 members and the broader community interested in stamp collecting and postal history. This multifaceted approach not only enriches the public understanding of philately but also strengthens the bonds within the philatelic community.
This information is meant to be a general summary of American Philatelic Research Library. 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: $56,546
- Program Service Revenue: $531,428
- Gross Receipts: $1,210,594
Assets and Liabilities:
- Total Assets: $13,342,489
- Total Liabilities: $80,151
- Net Assets: $13,262,338
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THIRD PARTY RENTS
Revenue
$401,787
INTERCOMPANY RENT
Revenue
$120,000
LIBRARY SERVICES
Revenue
$9,193
PUBLICATIONS
Revenue
$448
Organization Details
Founding Year
1969
Phone
(814) 933-3813Principal Officer
Scott D English
Main Address
100 MATCH FACTORY PLACE, BELLEFONTE, PA, 16823
Website
www.stamps.org/libraryNTEE Category
Code: B76Z - Education
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