Mineralogical Society of America

EIN: 526044250 501(c)(3) Science & Technology

Chantilly, VA

Total Revenue
$1,718,799
Total Expenses
$2,160,506
Total Assets
$5,809,335
Net Assets
$3,680,951
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Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
VA
Principal Officer
Ann E Benbow
Phone
7036529950
Tax Period
2024-01-01 to 2024-12-31

Mineralogical Society of America, founded in 1937, is a community nonprofit in the Science & Technology sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $2.2M exceeded revenue, resulting in a 26% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $1,485,941 Revenue: $1,237,396

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...

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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.

Program 2
Expenses: $222,826 Revenue: $72,840

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.

Program 3
Expenses: $22,336

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...

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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.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $151,486
Program Service Revenue $1,327,429
Investment Income $235,238
Other Revenue $4,646
TOTAL REVENUE $1,718,799

Expense Breakdown

Grants Paid $17,000
Salaries & Benefits $636,271
Fundraising Expenses $971
Program Expenses $1,736,472
Other Expenses $1,507,235
TOTAL EXPENSES $2,160,506

Year-over-Year Comparison

2024 2023 Change
Revenue $1,718,799 $1,794,987 0.0%
Expenses $2,160,506 $1,891,932 +0.1%
Net Income $-441,707 $-96,945 +3.6%
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
7
Volunteers
50

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
$105,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Donna L Whitney President 2.00
Officer Director
$0 $0 $0
Sarah Penniston-Dorland Vice President 0.50
Officer Director
$0 $0 $0
Jeffrey Post Past President 0.50
Officer Director
$0 $0 $0
Glenn Gaetani Treasurer 0.50
Officer Director
$0 $0 $0
Kim Tait Secretary 0.50
Officer Director
$0 $0 $0
Astrid Holzheid Councilor 0.30
Director
$0 $0 $0
Marian Holness Councilor 0.30
Director
$0 $0 $0
Elizabeth Johnson Councilor 0.30
Director
$0 $0 $0
Melissa Sims Councilor 0.30
Director
$0 $0 $0
Przemek Dera Councilor 0.30
Director
$0 $0 $0
Jennifer Jackson Councilor 0.30
Director
$0 $0 $0
Ann E Benbow Executive Director 40.00
Officer
$105,000 $0 $105,000
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 $1,718,799 $2,160,506 $5,809,335 $-441,707
2023 $1,794,987 $1,891,932 $5,688,641 $-96,945
2022 $1,819,141 $1,824,331 $5,664,963 $-5,190
2021 $1,850,272 $1,507,980 $6,187,140 $342,292
2020 $1,463,558 $1,632,205 $5,715,292 $-168,647
2019 $1,656,264 $1,937,479 $5,550,043 $-281,215
2018 $1,672,812 $1,579,063 $5,350,510 $93,749
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