Overview
What is The Philadelphia Society?
The Philadelphia Society is a small nonprofit organization based in Grand Rapids, Michigan. It is primarily focused on fostering intellectual growth and promoting understanding of fundamental societal principles. The organization holds two annual conferences, providing an opportunity for its members and guests to engage in stimulating discussions on various topics such as economics, politics, culture, religion, and philosophy. Distinguished speakers deliver lectures during these seminars, encouraging active participation and exchange of ideas among attendees. Members and guests also engage in relevant discussions throughout the program, further enriching the intellectual atmosphere. The organization's mission is to deepen the intellectual foundation of a free and ordered society, thereby broadening the comprehension of its fundamental principles and traditions.
Official website here: www.phillysoc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Philadelphia Society has earned a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization's overall score is solely based on its accountability and finance metrics, with a notable strength in having a fully independent board of 17 members, which reflects strong governance practices.
However, there are significant areas for improvement. The society lacks essential policies such as a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction, which may raise concerns about transparency and risk management. Additionally, their tax form is not readily available on their website, which could limit public access to important financial information.
On a positive note, the organization demonstrates strong financial management, with a low liabilities to assets ratio of 12.93% and a high program expense ratio of 74.92%. This suggests that the majority of its resources are being directed toward its programs rather than administrative costs. Overall, while the Philadelphia Society shows many strengths, addressing its governance gaps would enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Philadelphia Society legitimate?
The Philadelphia Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Philadelphia 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: $0
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Other Salaries and Wages: $101,351
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Official website here: www.phillysoc.org
What is the mission statement of The Philadelphia Society?
The Philadelphia Society's mission is centered around educational programs, aiming to facilitate the exchange of ideas. This mission is geared towards deepening the intellectual foundation of a free and ordered society and broadening the understanding of its basic principles and traditions. They accomplish this through regular conferences, inviting distinguished speakers to discuss various topics such as economics, politics, culture, religion, and philosophy. Attendees are encouraged to engage in discussions and interact with their fellow members, fostering a dynamic intellectual environment.
Official website here: www.phillysoc.org
What is the revenue of The Philadelphia Society?
The Philadelphia Society's revenue in 2024 was $665,729.
Official website here: www.phillysoc.org
Who are the executives of The Philadelphia Society and what are their salaries?
The average compensation at The Philadelphia Society during 2024 was $33,784. There are 3 employees at The Philadelphia Society.
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Official website here: www.phillysoc.org
Where can I find the form 990 for The Philadelphia Society?
The Philadelphia Society's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.phillysoc.org
Learn more at the official website: www.phillysoc.org
Mission Statement of The Philadelphia Society
The Philadelphia Society, an educational organization, is committed to fostering the exchange of ideas in pursuit of a deeper intellectual understanding of a free and ordered society. Their mission is twofold: firstly, they aim to broaden the comprehension of fundamental principles and traditions that underpin such a society; secondly, they strive to delve deeper into these concepts through educational programs.
To achieve this mission, The Philadelphia Society hosts two conferences annually. At these events, distinguished speakers present lectures on a wide range of topics, including economic, political, cultural, religious, and philosophical issues. Attendees are encouraged to engage with these ideas, as well as with their fellow members, engaging in relevant discussions throughout the program. This interactive approach allows for a comprehensive understanding and exploration of the topics at hand.
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Impact
July, 2024
The Philadelphia Society's impact lies in providing a platform for the interchange of ideas among its members in the interest of deepening the intellectual foundation of a free and ordered society. Through its educational programs, particularly its conferences, the Society fosters discussions on a wide array of topics including economics, politics, culture, religion, and philosophy. By bringing together distinguished speakers and encouraging meaningful dialogues among participants, The Philadelphia Society plays a vital role in broadening understanding of basic principles and traditions that are essential for a well-functioning society. The Society's emphasis on education and intellectual exploration contributes to shaping informed and thoughtful perspectives on societal issues among its members, ultimately influencing societal discourse and policy discussions.
This information is meant to be a general summary of The Philadelphia 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 2024.
- Investment Income: $29,337
- Program Service Revenue: $359,839
- Gross Receipts: $665,729
Assets and Liabilities:
- Total Assets: $830,901
- Total Liabilities: $26,542
- Net Assets: $804,359
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEETING REGISTRATIONS
Revenue
$189,259
SPONSORSHIPS
Revenue
$170,580
Organization Details
Founding Year
1964
Principal Officer
Dr David Stuhr
Website
www.phillysoc.orgNTEE Category
Code: B03 - Education
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