Lucis Trust And Arcane School
- Assets
- $4.5m
- Revenue
- $637.5k
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 07/1935
- Data as of
- 12/2021
- EIN
- 13-1674445
Organization Overview
Lucis Trust And Arcane School is located in New York, NY. The organization was established in 1935. As of 12/2021, Lucis Trust And Arcane School employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucis Trust And Arcane School 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, Lucis Trust And Arcane School generated $637.5k 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 (5.9%) each year. All expenses for the organization totaled $855.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) 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
THE ESTABLISHMENT OF RIGHT HUMAN RELATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE EDUCATION OF THE HUMAN MIND TOWARDS RECOGNITION AND PRACTICE OF THE SPIRITUAL PRINCIPLES AND VALUES UPON WHICH A STABLE AND INTERDEPENDENT WORLD SOCIETY MAY BE BASED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen I Nation Secretary & Treasurer | OfficerTrustee | 40 | $7,000 |
Christine Morgan President | OfficerTrustee | 5 | $0 |
Laurence Newey Vice President | OfficerTrustee | 5 | $0 |
Derek Fraser Board Member | Trustee | 1 | $0 |
Peter H Peuler Board Member | Trustee | 1 | $0 |
Barbara Valocore Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,742 |
| All other contributions, gifts, grants, and similar amounts not included above | $535,361 |
| Noncash contributions included in lines 1a–1f | $86,288 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $592,103 |
| Total Program Service Revenue | $0 |
| Investment income | $13,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,185 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $637,536 |
| 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. | $7,000 |
| Compensation of current officers, directors, key employees. | $1,050 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,863 |
| Payroll taxes | $23,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,598 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,974 |
| Advertising and promotion | $0 |
| Office expenses | $85,975 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,133 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $131,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,148 |
| Insurance | $10,454 |
| All other expenses | $353 |
| Total functional expenses | $855,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,403 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,145 |
| Net Land, buildings, and equipment | $3,229,625 |
| Investments—publicly traded securities | $1,017,924 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,501,097 |
| Accounts payable and accrued expenses | $33,259 |
| 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 | $2,367,651 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,400,910 |
| Net assets without donor restrictions | $2,100,187 |
| 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 | $4,501,097 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lucis Trust And Arcane School has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
The Synthesis Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Bar Institute Boston, MA | $1,678,923 | $718,705 |
Lucis Trust And Arcane School New York, NY | $4,501,097 | $637,536 |
Food Marketing Educational Foundation Philadelphia, PA | $3,871,465 | $1,241,306 |
Vermont Ethics Network Inc Montpelier, VT | $149,356 | $471,209 |
Center For Continuing Education Inc Mamaroneck, NY | $401,056 | $329,679 |
Afikim Inc Brooklyn, NY | $1,064,927 | $65,535 |
Lifetime Learners Institute Inc Norwalk, CT | $83,001 | $0 |
Foundation Of Arts Music And Education Bedford Hills, NY | $16,798 | $22,991 |
Pennsylvania School Age Child Care Alliance North Versailles, PA | $62,695 | $0 |
Maurice A Recanati Foundation Inc Bearsville, NY | $52,713 | $3,912 |