American Philatelic Society

“The american philatelic society has dues paying members.”

“The dues paying members elect the board of directors”

“The dues paying members vote on the organization's by-laws”

“Completed form is provided to the finance/audit committee and board of directors for review prior to filing the return; if review does not coincide with a regularly scheduled board meeting, comments are provided to the controller via phone & email”

“Data from the american society of association executives (asae) is obtained and used to determine the standard ranges for similar positions in similar sized organizations (i.e., revenue and no. Of employees) and the same geographical area”

“Currently, the organization posts the annual financial statements on the website. Any member can request and the organization will provide any governing documents or conflict of interest policy.”

“COMPUTER SUPPLIES & EXPENSES: Program service expenses 117,282. Management and general expenses 33,442. Fundraising expenses 549. Total expenses 151,273. PROFESSIONAL SERVICES: Program service expenses 84,343. Management and general expenses 27,668. Fundraising expenses 0. Total expenses 112,011. TRANSFERS: Program service expenses 270,355. Management and general expenses -165,730. Fundraising expenses 0. Total expenses 104,625. LOSS CLAIMS: Program service expenses 96,629. Management and general expenses 0. Fundraising expenses 0. Total expenses 96,629. COLLECTION & RECOVERY COSTS: Program service expenses 10,989. Management and general expenses 82,310. Fundraising expenses 0. Total expenses 93,299. CREDIT CARD COSTS: Program service expenses 56,554. Management and general expenses 14,842. Fundraising expenses 3,483. Total expenses 74,879. MISC OTHER: Program service expenses 8,382. Management and general expenses 18,743. Fundraising expenses 2,074. Total expenses 29,199. COST OF GOODS SOLD: Program service expenses 22,886. Management and general expenses 4,338. Fundraising expenses 0. Total expenses 27,224. INTEROFFICE: Program service expenses 148,975. Management and general expenses -351,371. Fundraising expenses -5,855. Total expenses -208,251.”

“The society's finance/audit committee is responsible for selection of the auditor, engaging an audit and meeting with the auditor throughout the audit process. The committee shares its observations with the entire board.”