The School Of Practical Philosophy
- Assets
- $15.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 07/1982
- Data as of
- 08/2021
- EIN
- 13-3107679
Organization Overview
The School Of Practical Philosophy is located in New York, NY. The organization was established in 1982. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, School Of Practical Philosophy employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. School Of Practical Philosophy 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 08/2021, School Of Practical Philosophy generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.1m during the year ending 08/2021. 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 ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO TEACH COURSES DESIGNED TO SHOW HOW GREAT PHILOSOPHICAL IDEAS MAY BE PUT TO EFFECTIVE USE IN DAILY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILOSOPHICAL IDEAS MAY BE PUT TO EFFECTIVE USE IN DAILY LIFE.
PHILOSOPHICAL IDEAS MAY BE PUT TO EFFECTIVE USE IN DAILY LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Schott President | OfficerTrustee | 5 | $0 |
Allan Moller Vice Preside | OfficerTrustee | 5 | $0 |
Earl Miller Secretary | OfficerTrustee | 2 | $0 |
Mary Bosworth Treasurer | OfficerTrustee | 6 | $0 |
Robert Blejer Board Member | Trustee | 2 | $0 |
Russell Bosworth Board Member | Trustee | 2 | $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 | $88,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,449 |
| Total Program Service Revenue | $502,628 |
| Investment income | $119,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,865,000 |
| Net Gain/Loss on Asset Sales | $139,441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $661 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,719,269 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,843 |
| Payroll taxes | $2,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,664 |
| Advertising and promotion | $259,909 |
| Office expenses | $24,230 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,727 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,632 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $265,388 |
| Insurance | $76,849 |
| All other expenses | $43,384 |
| Total functional expenses | $1,135,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,034 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,058 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,513 |
| Prepaid expenses and deferred charges | $350,681 |
| Net Land, buildings, and equipment | $4,387,718 |
| Investments—publicly traded securities | $9,211,318 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $76,495 |
| Other assets | $1,358,490 |
| Total assets | $15,586,307 |
| Accounts payable and accrued expenses | $47,509 |
| Grants payable | $0 |
| Deferred revenue | $43,591 |
| 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 | $399,060 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,110,000 |
| Total liabilities | $1,600,160 |
| Net assets without donor restrictions | $13,986,147 |
| 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 | $15,586,307 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The School Of Practical Philosophy has recieved totaling $52,525.
| Awarding Organization | Amount |
|---|---|
Neal And Susan Broxmeyer Family Foundation Uniondale, NY PURPOSE: GENERAL | $35,000 |
V&l Marx Foundation Scarsdale, NY PURPOSE: GENERAL CORPORATE PURPOSE | $10,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $7,500 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 04/07/21 | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Modern Language Association Of America New York, NY | $26,742,104 | $16,207,433 |
American Philosophical Society Philadelphia, PA | $294,142,753 | $31,170,811 |
Pen American Center Inc New York, NY | $36,781,487 | $29,059,092 |
Commercial Real Estate Finance Council Inc New York, NY | $15,641,619 | $8,091,268 |
Archaeological Institute Of America Boston, MA | $15,760,718 | $9,516,750 |
Academy Of American Poets Incorporated New York, NY | $16,980,319 | $4,039,105 |
Grub Street Inc Boston, MA | $11,789,751 | $6,194,111 |
Center For Inquiry Inc Amherst, NY | $8,104,198 | $5,991,557 |
National Book Foundation Inc New York, NY | $4,696,616 | $3,836,375 |
Hawthornden Literary Retreat Pittsburgh, PA | $228,597,299 | $115,561,060 |
Connecticut Humanities Council Middletown, CT | $1,530,926 | $3,295,528 |
New York Council For The Humanities New York, NY | $2,496,894 | $3,586,085 |