Biosophical Institute Inc
- Assets
- $6.5m
- Revenue
- $129.9k
- Investments
- $5.7m
- Employees
- 0
- Location
- South Euclid, OH
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 34-1884570
Organization Overview
Biosophical Institute Inc is located in South Euclid, OH. The organization was established in 1999. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biosophical Institute 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 12/2022, Biosophical Institute Inc generated $129.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $359.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF PEACE SUMMITS AND PEACE AND FORGIVENESS EDUCATION AND OUTREACH THROUGH GRANTS TO VARIOUS ORGANIZATIONS AND DIRECT SPONSORSHIP OF PROGRAMS THAT FURTHER THE ENTITY'S MISSION OF CULTIVATING A COMMUNITY AND CULTURE OF PEACE EMCOMPASSING LIFE WISDOM AND DEEP RELATIONSHIPS. TOTAL CHARITABLE DISBURSEMENTS FOR THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Ensel Executive Director/trustee | 40 | $101,480 | |
Patti Bailie Secy/educ & Outrch Dir/tte | 10 | $19,756 | |
Ellen Ensel President/trustee | 3 | $0 | |
Gloria Mark Vice President/trustee | 1.25 | $0 | |
Barbara Nemeth Treasurer | 25 | $35,644 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $127,068 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $266 |
| Capital Gain Net Income | $266 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,528 |
| Total Revenue | $129,862 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $156,880 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,595 |
| Interest | $11,296 |
| Taxes | $16,149 |
| Depreciation | $18,033 |
| Occupancy | $2,553 |
| Travel, conferences, and meetings | $1,202 |
| Printing and publications | $0 |
| Other expenses | $104,690 |
| Total operating and administrative expenses | $331,048 |
| Contributions, gifts, grants paid | $28,500 |
| Total expenses and disbursements | $359,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,598 |
| Savings and temporary cash investments | $133,611 |
| Net Accounts receivable | $634 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $689,861 |
| Other assets | $704 |
| Total assets | $6,519,051 |
| Accounts payable and accrued expenses | $5,502 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $229,583 |
| Other liabilities | $0 |
| Total liabilities | $235,085 |
Grants Awarded
Over the last fiscal year, Biosophical Institute Inc has awarded $28,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER CLEVELAND FOODBANK PURPOSE: CHARITABLE SUPPORT | $1,000 |
THE PEACE ALLIANCE PURPOSE: CHARITABLE SUPPORT | $10,000 |
ALLIANCE FOR GLOBAL JUSTICE PURPOSE: GENERAL SUPPORT | $1,500 |
UNITED WAY OF THE TRI VALLEY AREA PURPOSE: COMMUNITY SUPPORT | $5,000 |
BATH AREA BACKPACK PROGRAM PURPOSE: COMMUNITY SUPPORT PROVIDING LUNCHES AT SCHOOL | $1,000 |
DANIEL GORMAN JRUNIVERSITY OF ROCHE PURPOSE: FREDERICK KETTNER SCHOARSHIP AWARDED TO AN INDIVIDUAL ENGAGED IN THE STUDY OF PEACE | $10,000 |