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← MINERALOGICAL SOCIETY OF AMERICA

Form 990 for tax year 2023

Filed by MINERALOGICAL SOCIETY OF AMERICA.

Totals

Total revenue
$1,794,987
Total expenses
$1,891,932
Contributions and grants received
$148,120
Grants paid
$22,000
Program service revenue
$1,388,452
Investment income
$200,496
Other revenue
$57,919
Total assets, end of year
$5,688,641
Total liabilities, end of year
$1,713,808
Net assets or fund balances, end of year
$3,974,833
Program services expenses (Part IX)
$1,387,051
Management and general expenses
$504,435
Fundraising expenses
$446
Program service expenses (Part III)
$1,387,051

Program services were 73.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $148,120

  • 2a · Program service revenue: Publications

    total $1,311,221 · related or exempt $1,292,456 · unrelated business $18,765

  • 2b · Program service revenue: Membership dues

    total $74,078 · related or exempt $74,078

  • 2c · Program service revenue: Other program revenue

    total $3,153 · related or exempt $3,153

  • 3 · Investment income

    total $116,762 · excluded $116,762

  • 5 · Royalties

    total $4,686 · excluded $4,686

  • 7a · Gross sales of assets other than inventory

    securities $188,945

  • 7b · Less cost or other basis and sales expenses

    securities $105,211

  • 7c · Gain or loss

    securities $83,734

  • 7d · Net gain or loss

    total $83,734 · excluded $83,734

  • 11a · Other revenue: Other revenue

    total $53,233 · related or exempt $53,233

  • 11e · Other revenue, total

    $53,233

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $22,000 · program services $22,000

  • 5 · Compensation of officers, directors and key employees

    total $105,000 · program services $49,588 · management and general $55,412

  • 7 · Other salaries and wages

    total $407,516 · program services $177,459 · management and general $230,057

  • 8 · Pension plan contributions

    total $41,454 · program services $19,750 · management and general $21,704

  • 9 · Other employee benefits

    total $89,117 · program services $37,876 · management and general $51,241

  • 11b · Fees: legal

    total $315 · management and general $315

  • 11c · Fees: accounting

    total $31,675 · management and general $31,675

  • 11f · Fees: investment management

    total $35,626 · management and general $35,626

  • 11g · Fees: other

    total $62,530 · program services $48,567 · management and general $13,963

  • 13 · Office expenses

    total $403,149 · program services $356,979 · management and general $46,170

  • 14 · Information technology

    total $39,147 · program services $32,540 · management and general $6,607

  • 16 · Occupancy

    total $130,312 · program services $86,558 · management and general $43,754

  • 17 · Travel

    total $35,030 · program services $35,030

  • 19 · Conferences, conventions and meetings

    total $8,911 · program services $8,911

  • 22 · Depreciation, depletion and amortization

    total $120,407 · management and general $120,407

  • 24a · Other expenses: Publications

    total $241,212 · program services $241,212

  • 24b · Other expenses: Provision for Credit Lo

    total $79,344 · management and general $79,344

  • 24c · Other expenses: Miscellaneous

    total $39,187 · program services $36,570 · management and general $2,617

  • 24d · Other expenses: Allocation of Indirect

    total $0 · program services $234,011 · management and general -$234,457 · fundraising $446

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $130 · end of year $130

  • 2 · Savings and temporary cash investments

    beginning of year $65,103 · end of year $61,556

  • 4 · Accounts receivable

    beginning of year $182,455 · end of year $26,653

  • 8 · Inventories for sale or use

    beginning of year $475,981 · end of year $477,665

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,653 · end of year $10,888

  • 10a · Land, buildings and equipment: cost or other basis

    $1,184,223

  • 10b · Land, buildings and equipment: accumulated depreciation

    $879,256

  • 10c · Land, buildings and equipment, net

    beginning of year $251,286 · end of year $304,967

  • 11 · Investments: publicly traded securities

    beginning of year $3,381,844 · end of year $3,675,870

  • 12 · Investments: other securities

    beginning of year $15,877 · end of year $80,467

  • 15 · Other assets

    beginning of year $1,286,634 · end of year $1,050,445

  • 17 · Accounts payable and accrued expenses

    beginning of year $111,574 · end of year $114,341

  • 19 · Deferred revenue

    beginning of year $223,930 · end of year $253,260

  • 21 · Escrow or custodial account liability

    beginning of year $955,086 · end of year $825,031

  • 23 · Secured mortgages and notes payable

    beginning of year $110,000 · end of year $254,567

  • 25 · Other liabilities

    beginning of year $398,294 · end of year $266,609

  • 27 · Net assets without donor restrictions

    beginning of year $1,383,206 · end of year $1,416,806

  • 28 · Net assets with donor restrictions

    beginning of year $2,482,873 · end of year $2,558,027

Mission and programs · 2023

Mission

Supports the teaching of mineralogical concepts and procedures, and attempts to raise the scientific literacy of society with respect to issues involving mineralogy in the widest sense. The Society publishes journals, a magazine, and books, as well as uses short courses, workshops, lectureships, website, social media, awards, grants, symposia, and meetings for professionals, students, and the public.

Activities or mission (Part I)

The Mineralogical Society of America (the Society) was founded for the advancement of mineralogy, crystallography, geochemistry, petrology, and promotion of their uses in other sciences, industry, and the arts. The Society encourages fundamental research about natural materials.

  • Publications: Scientific publications (journals and books) and website produced for the advancement and promotion of mineralogy, crystallography, and petrology. Some examples of the publication are: American Mineralogist, subtitled in International Journal of Earth and Planetary Materials, is the print journal of the Society, and it has continuously appeared since 1916. It publishes the results of original scientific research in the fields of mineralogy, crystallography, geochemistry, and petrology with the goal of providing readers with the best in earth science research. Reviews in Mineralogy and Geochemistry - A series of multi-authored, soft-bound books containing cogent and concise reviews of the literature and advances about a subject area. There are 88 volumes published since 1974. Monographs and Textbooks - Single or limited authored, instructional textbooks. Elements - A full-color magazine first published in January 2005, Elements is the official newsletter of the Society. Published bimonthly, each issue also contains several thematic scientific articles written for a broad audience. Handbook of Mineralogy - A definitive modern source for data on all mineral specials. The authors of the handbook, John W. Anthony, Richard A. Bideaux, Kenneth W. Bladh, and Monte C. Nichols have made the volumes and full text of the five volumes available to MSA to keep updated and available in print and electronic forms.

    Expenses $1,244,286 · Revenue $1,295,609

  • Meetings, symposia and special sessions: The Society sponsors or co-sponsors a variety of international and national meetings as well as symposia, special, and theme sessions at meetings.

    Expenses $115,290 · Revenue $74,078

  • Grants - Grants for research in crystallography from the E.H. Kraus Crystallographic Research Fund and grants for student research in mineralogy and petrology are given each year based on the quality, innovativeness, and scientific significance of the research proposed by students and young researchers. Committees of the Society members evaluate the written proposals and recommend one Kraus and two mineralogy and petrology awards to be made to the Society's council, who finally approve the selection.

    Expenses $25,815 · Grants $22,000

  • Short Courses: 1-2 day, in-depth instructional courses, usually given in conjunction with major meetings, they are taught by several invited speakers who also write the accompanying reviews in mineralogy and geochemistry volume. In 2023, the short course was virtual.

    Expenses $1,660

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donna L Whitney

    President

    Total calculated
    $0
    Hours/week
    2

  • Sarah Penniston-Dorland

    Vice President

    Total calculated
    $0
    Hours/week
    0.5

  • Jeffrey Post

    Past President

    Total calculated
    $0
    Hours/week
    0.5

  • Glenn Gaetani

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Kim Tait

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Astrid Holzheid

    Councilor

    Total calculated
    $0
    Hours/week
    0.3

  • Marian Holness

    Councilor

    Total calculated
    $0
    Hours/week
    0.3

  • Elizabeth Johnson

    Councilor

    Total calculated
    $0
    Hours/week
    0.3

  • Melissa Sims

    Councilor

    Total calculated
    $0
    Hours/week
    0.3

  • Robert Bodnar

    Councilor

    Total calculated
    $0
    Hours/week
    0.3

  • Jennifer Jackson

    Councilor

    Total calculated
    $0
    Hours/week
    0.3

  • Ann E Benbow

    Executive Director

    Total calculated
    $105,000
    From this org
    $105,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rachel Russell

    Editor

    Total calculated
    $116,832
    From this org
    $112,338
    From related orgs
    $0
    Other
    $4,494
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443189349309594

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