Overview
What is Baltimore Philatelic Society Inc?
Baltimore Philatelic Society Inc is a renowned nonprofit organization situated in Ellicott City, Maryland. Their primary purpose is to foster the passion for stamp collecting and postal history study. They achieve this by organizing an annual three-day philatelic exhibition, serving as a platform for both novice enthusiasts and established collectors to expand their knowledge through exhibits, educational seminars, and interactions with professional dealers. The society also values education and provides a library service for research, catering to the needs of young and inexperienced collectors. Their mission encompasses promoting the hobby of stamp collecting and offering library and research facilities for enthusiasts.
Official website here: www.balpex.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star rating.
The Baltimore Philatelic Society Inc has received a low rating, primarily due to its performance in Accountability & Finance. While the organization has strengths such as a fully independent board and no reported material diversion of assets, there are critical areas of concern that have significantly impacted its overall score. Missing policies for conflict of interest and whistleblower protections are notable shortcomings that led to a zero score in these categories.
Financially, the organization exhibits a concerning program expense ratio of 47.66%, indicating that less than half of its expenditures are directed towards programs. This, combined with a liabilities to assets ratio of 0.00%, raises questions about its financial health and sustainability. While the transparency of meeting minutes and the presence of a documented retention policy are positive aspects, the absence of key accountability measures diminishes confidence in the organization's governance and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Baltimore Philatelic Society Inc legitimate?
Baltimore Philatelic Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baltimore Philatelic Society 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.balpex.org
What is the mission statement of Baltimore Philatelic Society Inc?
The Baltimore Philatelic Society Inc, as a organization, is dedicated to fostering the interest in stamp collecting and postal history study. They achieve this by offering a library and research facilities for the pursuit of knowledge in this hobby. Additionally, they provide an educational program aimed at nurturing young and novice collectors. The society also hosts an annual three-day philatelic exhibition, serving as a platform for both the general public and seasoned collectors to learn about philately through exhibits, seminars, and interactions with professional dealers.
Official website here: www.balpex.org
Who is the CEO of Baltimore Philatelic Society Inc?
Wai Kit Ng is the President of Baltimore Philatelic Society Inc.
Official website here: www.balpex.org
What is the revenue of Baltimore Philatelic Society Inc?
Baltimore Philatelic Society Inc's revenue in 2022 was $36,432.
Official website here: www.balpex.org
Who are the executives of Baltimore Philatelic Society Inc and what are their salaries?
There 16 volunteers at Baltimore Philatelic Society Inc.
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Official website here: www.balpex.org
Where can I find the form 990 for Baltimore Philatelic Society Inc?
Baltimore Philatelic Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.balpex.org
Learn more at the official website: www.balpex.org
Mission Statement of Baltimore Philatelic Society Inc
The Baltimore Philatelic Society Inc is committed to fostering an interest in the hobby of stamp collecting and postal history research. This esteemed organization achieves this mission by offering a comprehensive library service for research purposes and an educational program catering to young and novice collectors. Beyond these initiatives, the society organizes an internationally recognized philatelic exhibition annually. This event serves as a platform, attracting both the general public and seasoned collectors alike. Through exhibits, seminars, and interactions with professional dealers, participants have the opportunity to deepen their understanding of philately.
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Impact
August, 2024
The Baltimore Philatelic Society Inc has made a significant impact in promoting the hobby of collecting stamps and postal history study. Through their library services for research and educational programs for young and new collectors, they have helped to educate and engage individuals in the world of philately. Their internationally recognized three-day philatelic exhibition serves as a valuable venue for both the general public and established collectors to learn more about philately through exhibits, seminars, and professional dealers. Overall, the Baltimore Philatelic Society Inc plays a vital role in fostering interest and knowledge in the art of stamp collecting, contributing to the preservation and appreciation of postal history.
This information is meant to be a general summary of Baltimore Philatelic Society 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: $10,824
- Program Service Revenue: $21,833
- Gross Receipts: $36,432
Assets and Liabilities:
- Total Assets: $911,061
- Total Liabilities: $0
- Net Assets: $911,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Balpex Stamp Show
Revenue
$21,346
Library
Revenue
$487
Organization Details
Founding Year
1934
Phone
(410) 465-5112Principal Officer
Wai Kit Ng
Main Address
3440 Ellicott Center Drive Ste 103, Ellicott City, MD, 21043
Website
www.balpex.orgNTEE Category
Code: A82Z - Arts
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