PHILOSOPHY OF SCIENCE ASSOCIATION

EIN: 510141683 501(c)(3) Arts, Culture & Humanities

Cincinnati, OH

Total Revenue
$421,466
Total Expenses
$377,530
Total Assets
$654,555
Net Assets
$636,970
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MI
Principal Officer
Max Cormendy
Phone
5132885823
Tax Period
2024-01-01 to 2024-12-31

PHILOSOPHY OF SCIENCE ASSOCIATION, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $421K in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $378K left a modest 10% surplus.

Mission

The Philosophy of Science Association (Inc.) promotes research, teaching and free discussion of issues in the philosophy of science from diverse standpoints.

Program Service Accomplishments

Program 1
Expenses: $240,518 Revenue: $191,467

PSA BIENNIAL CONFERENCE - PSA conducts a major conference every 2 years, with one running in Nov. 2024 and the next in Nov. 2026. The PSA Biennial Meeting is the largest meeting of philosophers of...

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PSA BIENNIAL CONFERENCE - PSA conducts a major conference every 2 years, with one running in Nov. 2024 and the next in Nov. 2026. The PSA Biennial Meeting is the largest meeting of philosophers of science in the world, with over 700 attendees from over 35 countries. The meeting provides an opportunity for scholars from around the world to present and get feedback on their work and to learn about the latest research in the field. The meeting also provides opportunities to mentor and support early-career scholars, to award distinguished scholarship in the field, to hold a Public Form about issues of broad public interest and a plethora of other teaching, learning and networking opportunities.

Program 2
Expenses: $32,726 Revenue: $179,912

JOURNAL PUBLICATION - Since its inception in 1934, "Philosophy of Science," a professional journal, has been dedicated to the furthering of studies and free discussion from diverse standpoints in the...

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JOURNAL PUBLICATION - Since its inception in 1934, "Philosophy of Science," a professional journal, has been dedicated to the furthering of studies and free discussion from diverse standpoints in the philosophy of science. The Journal is published five times each year, once for each quarter with a December issue containing the PSA Conference proceedings. The Journal aims to publish the best original work in philosophy of science, broadly construed. This work will advance the discussion in some area of philosophy of science or the philosophy of a particular science in a way that is of direct interest to experts in the field, and in a way that explicitly acknowledges and responds to existing work in the area. Prior to selection and publishing, all submissions are peer reviewed with the author anonymous.

Program 3
Expenses: $68,479 Revenue: $26,009

OTHER MEMBER PROGRAMS - >>ARCHIVES: PSA maintains a free electronic archive for scholarly articles, monographs and other material specifically tailored to philosophers of science to promote...

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OTHER MEMBER PROGRAMS - >>ARCHIVES: PSA maintains a free electronic archive for scholarly articles, monographs and other material specifically tailored to philosophers of science to promote communication in the field by rapid dissemination of new work. >>AWARDS: PSA sponsors numerous awards, including the Hempel Award, the PSA Prize in Philosophy of Science & Race, and the Graduate Student Essay Award. The PSA DEI Caucus also awards the DEI Caucus Prize in Philosophy of Science. >> OTHER INITIATIVES: PSA provides other numerous programs, initiatives and opportunities to enhance and support those working and studying in the Philosophy of Science field. Please see our website for additional information on these initiatives.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $29,018
Program Service Revenue $191,467
Investment Income $21,069
Other Revenue $179,912
TOTAL REVENUE $421,466

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,949
Fundraising Expenses $12,914
Program Expenses $341,723
Other Expenses $292,581
TOTAL EXPENSES $377,530

Year-over-Year Comparison

2024 2023 Change
Revenue $421,466 $236,533 +0.8%
Expenses $377,530 $166,191 +1.3%
Net Income $43,936 $70,342 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$49,452
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Max Cormendy Executive Director (non-voting) 40
Officer
$49,452 $0 $49,452
Craig Callender President 5
Officer Director
$0 $0 $0
Alan Love President Elect 5
Officer Director
$0 $0 $0
Michela Massimi Past President 5
Officer Director
$0 $0 $0
Chris Haufe Secretary (non-voting) 1
Officer Director
$0 $0 $0
Kevin Zollman Treasurer (non-voting) 5
Officer Director
$0 $0 $0
Mazviita Chirimuuta Trustee 1
Director
$0 $0 $0
Mathias Frisch Trustee 1
Director
$0 $0 $0
Kerry McKenzie Trustee 1
Director
$0 $0 $0
Lydia Patton Trustee 1
Director
$0 $0 $0
Stephanie Ruphy Trustee 1
Director
$0 $0 $0
Jacqueline Sullivan Trustee 1
Director
$0 $0 $0
John Tsou Trustee 1
Director
$0 $0 $0
Jim Weatherall Trustee 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $421,466 $377,530 $654,555 $43,936
2023 $236,533 $166,191 $601,965 $70,342
2022 $429,471 $329,490 $635,128 $99,981
2021 $225,060 $265,130 $429,404 $-40,070
2020 $238,421 $191,115 $466,329 $47,306
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