School For Esoteric Studies Inc
- Assets
- $1.5m
- Revenue
- $125.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Asheville, NC
- Founding
- 11/1958
- Data as of
- 12/2021
- EIN
- 13-1832805
Organization Overview
School For Esoteric Studies Inc is located in Asheville, NC. The organization was established in 1958. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, School For Esoteric Studies Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. School For Esoteric Studies Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, School For Esoteric Studies Inc generated $125.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $107.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TRAIN PEOPLE IN THE AGELESS WISDOM TEACHINGS AND PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - WE PROVIDED LESSON MATERIALS AND INSTRUCTION FOR CORRESPONDENCE COURSES ON THE AGELESS WISDOM FOR 183 MEMBERS, WHICH INCLUDES 17 NEW STUDENTS. WE RECEIVED 166 REQUESTS FOR APPLICATION.
PUBLIC AWARENESS OUTREACH: WE PRODUCED 12 MONTHLY GROUP LETTERS IN THREE LANGUAGES (ENGLISH, SPANISH, ITALIAN) THAT ARE CIRCULATED AMONG OUR MEMBERSHIP AND OTHERS WITHIN THE SPIRITUAL COMMUNITY. THESE LETTERS INCLUDE INFORMATION AND LINKS OF INTEREST TO OUR MEMBERSHIP, INCLUDING SUPPORT FOR THE UNITED NATIONS, SUPPORT FOR ENDING CLIMATE CHANGE, AND A REISSUED SPECIAL GROUP MEDITATION. WE TRANSLATED MATERIALS INTO OTHER LANGUAGES TO REACH A WIDER AUDIENCE. OUR MAILING LIST WAS SENT OUT TO 1,776 PEOPLE. 4,900 PEOPLE FOLLOW OUR FACEBOOK PAGE. 495 PEOPLE FOLLOW OUR YOUTUBE CHANNEL, WHICH HAS 25 VIDEOS RECEIVING A TOTAL OF 24,305 VIEWS. IN ADDITION WE HAVE BEEN CREATING AN ENTIRELY NEW AND UPDATED WEBSITE, WHICH WE HOPE TO LAUNCH IN 2022. WE RESPONDED TO 75 MISCELLANEOUS REQUESTS, SENT OUT BOOKMARKS, BOOKLETS, AND LEAFLETS, IN THREE LANGUAGES.
STUDENT SERVICES: 447 MEMBERS RECEIVE OUR YEARLY CONFERENCE SET, WHICH IS A DOCUMENT COMPOSED OF STUDY EXCERPTS ON A PARTICULAR SUBJECT, THREE ORIGINAL CONFERENCE TALKS AND A CONFERENCE REPORT...54 STUDENTS RECEIVED LESSON SETS AND INDIVIDUAL COMMENTARIES ON THEIR WORK IN THREE LANGUAGES. WE MAINTAIN A LENDING LIBRARY FOR SCHOOL MEMBERS WHO RESIDE IN THE US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Jolley Executive Director | OfficerTrustee | 30 | $30,900 |
Miguel Malagreca Outreach | Trustee | 20 | $5,000 |
Jane Shaw Treasurer | OfficerTrustee | 3 | $0 |
Joan Hoerlein Secretary | OfficerTrustee | 1 | $0 |
Al Christensen Vice-President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,049 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,049 |
| Total Program Service Revenue | $0 |
| Investment income | $24,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $59,294 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,900 |
| Compensation of current officers, directors, key employees. | $8,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,294 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $595 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,493 |
| Fees for services: Other | $5,596 |
| Advertising and promotion | $0 |
| Office expenses | $3,319 |
| Information technology | $4,126 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220 |
| Insurance | $1,249 |
| All other expenses | $53 |
| Total functional expenses | $107,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,903 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $816 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,465,770 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,502,489 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,502,489 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,502,489 |
Endowment Analysis
| Beg. Balance | $1,362,455 |
| Earnings | $183,315 |
| Other Expense | $80,000 |
| Ending Balance | $1,465,770 |
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