A budget of $6.5 million for fiscal 2023 was approved by the Board of Governors of the American Numismatic Association during a conference call Oct. 20. The fiscal year began on November 1st.
ANA is headquartered in Colorado Springs, Colorado.
More than $2.6 million of the FY2023 budget directly supports ANA’s educational offerings, including the Edward C. Rochette Money Museum, the Dwight N. Manley Numismatic Library, The numismatist Magazine, Summer Seminar, ANA eLearning Academy and other programs, says ANA Executive Director Kim Kiick.
“This budget also includes several new initiatives focused on our educational mission,” says Kiick. “The entire museum collection is currently being cataloged and we will soon be remodeling the museum’s former Harry W. Bass, Jr. Gallery and introducing a brand new exhibit. We will also implement a new eLearning management system and hire a learning management system manager and a new education director.”
“The association’s financial stability could not have been achieved without the generosity of donors,” ANA said.
“Thanks to our donors and sponsors, 2022 was the best year ever for charitable donations to our association,” said ANA President Ralph Ross.
“These generous collectors and the companies they represent help make our educational activities possible. We are dedicated to educating and encouraging people to learn and collect, and this budget reflects our ongoing commitment to add value to our mission with every dollar,” said Ross.
According to an ANA press release, the association’s chief financial officer, Brent Howe, emphasizes that 2022 and 2023 revenues include $3 million in unrealized gains on investments.
“Return on ANA investments is realized throughout the fiscal year,” Howe said. “Recognized revenue is used to offset expenses to fulfill ANA’s mission.”
According to ANA: “While many nonprofits struggle to maintain a secure financial footing, ANA Treasurer Larry Baber noted that the association is in an enviable position of reserves and investments.”
“The American Numismatic Association is one of the most solid non-profit organizations in the nation,” said Baber. “I believe that 95 percent of US non-profit organizations would like our financial stability.”
A copy of the approved budget is available online at www.money.org/financial-reports.
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