Form 990 for tax year 2022

Filed by MINERALOGICAL SOCIETY OF AMERICA.

Totals

Total revenue: $1,819,141
Total expenses: $1,824,331
Contributions and grants received: $115,563
Grants paid: $15,000
Program service revenue: $1,314,965
Investment income: $203,773
Other revenue: $184,840
Total assets, end of year: $5,664,963
Total liabilities, end of year: $1,798,884
Net assets or fund balances, end of year: $3,866,079
Program services expenses (Part IX): $1,592,204
Management and general expenses: $230,790
Fundraising expenses: $1,337
Program service expenses (Part III): $1,592,204

Program services were 87.3% 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.

1e · Government grants (contributions)

$1,160
1f · All other contributions, gifts and grants

$114,403
2a · Program service revenue: PUBLICATIONS

total $1,227,741 · related or exempt $1,195,077 · unrelated business $32,664
2b · Program service revenue: MEMBERSHIP DUES

total $69,091 · related or exempt $69,091
2c · Program service revenue: SHORT COURSES

total $12,665 · related or exempt $12,665
2d · Program service revenue: OTHER PROGRAM REVENUE

total $5,468 · related or exempt $5,468
3 · Investment income

total $203,773 · excluded $203,773
5 · Royalties

total $8,458 · excluded $8,458
6a · Gross rents

real property $16,676
6b · Less rental expenses

real property $16,676
6c · Rental income or loss

real property $0
6d · Net rental income or loss

total $0
10a · Gross sales of inventory

$230,082
10b · Cost of goods sold

$91,464
10c · Net income from sales of inventory

total $138,618 · related or exempt $138,618
11a · Other revenue: OTHER REIMBURSEABLE IN

total $37,764 · related or exempt $37,764
11e · Other revenue, total

$37,764

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $15,000 · program services $15,000
5 · Compensation of officers, directors and key employees

total $154,246 · program services $92,548 · management and general $61,698
7 · Other salaries and wages

total $396,236 · program services $355,100 · management and general $39,799 · fundraising $1,337
8 · Pension plan contributions

total $44,213 · program services $39,927 · management and general $4,286
9 · Other employee benefits

total $66,380 · program services $61,047 · management and general $5,333
10 · Payroll taxes

total $41,809 · program services $16,670 · management and general $25,139
11b · Fees: legal

total $323 · management and general $323
11c · Fees: accounting

total $45,408 · management and general $45,408
11f · Fees: investment management

total $37,976 · management and general $37,976
11g · Fees: other

total $23,763 · program services $23,763
13 · Office expenses

total $100,522 · program services $98,221 · management and general $2,301
14 · Information technology

total $27,951 · program services $22,557 · management and general $5,394
16 · Occupancy

total $87,658 · program services $87,225 · management and general $433
17 · Travel

total $18,959 · program services $18,959
19 · Conferences, conventions and meetings

total $44,186 · program services $44,186
22 · Depreciation, depletion and amortization

total $112,266 · program services $111,235 · management and general $1,031
23 · Insurance

total $1,669 · management and general $1,669
24a · Other expenses: PUBLICATIONS

total $605,766 · program services $605,766 · management and general $0

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 $150,898 · end of year $65,103
4 · Accounts receivable

beginning of year $113,017 · end of year $182,455
8 · Inventories for sale or use

beginning of year $466,841 · end of year $475,981
9 · Prepaid expenses and deferred charges

beginning of year $53,720 · end of year $5,653
10a · Land, buildings and equipment: cost or other basis

$999,879
10b · Land, buildings and equipment: accumulated depreciation

$748,593
10c · Land, buildings and equipment, net

beginning of year $198,984 · end of year $251,286
11 · Investments: publicly traded securities

beginning of year $4,116,207 · end of year $3,381,844
12 · Investments: other securities

end of year $15,877
15 · Other assets

beginning of year $1,087,343 · end of year $1,286,634
17 · Accounts payable and accrued expenses

beginning of year $1,190,837 · end of year $1,066,660
19 · Deferred revenue

beginning of year $293,339 · end of year $223,930
23 · Secured mortgages and notes payable

end of year $110,000
25 · Other liabilities

beginning of year $88,262 · end of year $398,294
27 · Net assets without donor restrictions

beginning of year $2,131,829 · end of year $1,383,206
28 · Net assets with donor restrictions

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

Mission and programs · 2022

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 PROMTION OF MINERALOGY, CRYSTALLOGRAPHY, AND PETROLOGY. SOME EXAMPLES OF THE PUBLICATION ARE: AMERICAN MINERALOGIST, SUBTITLED AN 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 - SINCLE 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 $1,378,873 · Revenue $1,371,459
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 2022, THE SHORT COURSE WAS VIRTUAL.

Expenses $19,483 · Revenue $12,665
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 $70,476 · Revenue $69,091
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 $123,372 · Grants $15,000 · Revenue $5,468

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Pamela BurnleyPAMELA BURNLEY

PRESIDENT

Total calculated

$0

Hours/week

4
Mark GhiorsoMARK GHIORSO

PAST PRESIDENT

Total calculated

$0

Hours/week

4
Jeffrey PostJEFFREY POST

VICE PRESIDENT

Total calculated

$0

Hours/week

4
Kimberly TaitKIMBERLY TAIT

SECRETARY

Total calculated

$0

Hours/week

4
Glenn GaetaniGLENN GAETANI

TREASURER

Total calculated

$0

Hours/week

4
Francis McCubbinFRANCIS MCCUBBIN

COUNCILOR

Total calculated

$0

Hours/week

4
Przemek DeraPRZEMEK DERA

COUNCILOR

Total calculated

$0

Hours/week

4
Marion HolnessMARION HOLNESS

COUNCILOR

Total calculated

$0

Hours/week

4
Astrid HolzheidASTRID HOLZHEID

COUNCILOR

Total calculated

$0

Hours/week

4
Robert BodnarROBERT BODNAR

COUNCILOR

Total calculated

$0

Hours/week

4
Jennifer JacksonJENNIFER JACKSON

COUNCILOR

Total calculated

$0

Hours/week

4
Ann E BenbowANN E BENBOW

EXECUTIVE DIRECTOR

Total calculated

$154,244

From this org

$132,866

From related orgs

$0

Other

$21,378

Hours/week

40

Schedule J breakdown matched by us

Base

$132,866

Bonus

$0

Other

$0

Deferred

$10,629

Nontaxable benefits

$10,749

Filer's total

$154,244

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Independent compensation consultant
3 · Written employment contract
3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3: SALARIES ARE DETERMINED AND APPROVED BY THE COUNCIL'S MANAGEMENT COMMITTEE WITH THE USE OF PERFORMANCE REVIEWS, PUBLISHED SALARY DATA, AND THE PROJECTED SALARY BUDGET. THE COMMITTEE'S DECISIONS ARE DOCUMENTED AND PRESENTED TO THE COUNCIL IN AN ORAL REPORT AS A RECOMMENDATION AT THE FALL MEETING THAT IS SUMMARIZED IN THE MINUTES. COUNCIL APPROVES ANY CHANGE IN SALARY. THE MANAGEMENT COMMITTEE CHAIR PROVIDES A WRITTEN SUMMARY TO THE EXECUTIVE DIRECTOR THAT IS USED TO INFORM STAFF IN WRITING AND REVISE PAYROLL. PUBLISHED SALARY DATA USED AS COMPARABLE DATA CAN INCLUDE, THE "ASSOCIATION COMPENSATION & BENEFITS STUDY" COMPILED AND PUBLISHED BY THE AMERICAN SOCIETY FOR ASSOCIATION EXECUTIVES, "MANAGEMENT COMPENSATION REPORT FOR NON-FOR-PROFIT ORGANIZATIONS" COMPILED BY PRM CONSULTING GROUP.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 5 November 2023
IRS schema version: 2022v5.0
Source object: 202323119349304717

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