Spiritual Arts Institute
- Assets
- $885.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Encinitas, CA
- Founding
- 01/2006
- Data as of
- 12/2022
- EIN
- 20-2549830
Organization Overview
Spiritual Arts Institute is located in Encinitas, CA. The organization was established in 2006. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2022, Spiritual Arts Institute employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spiritual Arts Institute 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, Spiritual Arts Institute generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $995.7k during the year ending 12/2022. While expenses have increased by 10.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER HIGH QUALITY SPIRITUAL EDUCATION DESIGNED TO ASSIST THE SOUL IN ITS SPIRITUAL EVOLUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPIRITUAL ARTS INSTITUTE (THE INSTITUTE) PROVIDED 207 ONGOING STUDENTS HIGH QUALITY SPIRITUAL EDUCATION THROUGH OVER 200 CLASSES AND WORKSHOPS BOTH ON-LINE AND IN-PERSON. THEIR DIRECT DIVINE LIGHT HEALING PROGRAM CERTIFIED 8 NEW HEALERS AND THE ADVANCED TRAINING, KINGDOM OF LIGHT, CERTIFIED 8 ASSOCIATE TEACHERS. IN ADDITIONS, 14 METAPHYSICIANS WERE CERTIFIED. THE INSTITUTE PROVIDED SCHOLARSHIPS TO 7% OF THE STUDENT POPULATION
IN 2022 THE INSTITUTE PRODUCED AND RELEASED AN AUDIO VERSION OF THE HEAVEN BOOK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Martin Director, President Emerit | Trustee | 10 | $6,513 |
Dimitri Moraitis Director, President | OfficerTrustee | 60 | $140,875 |
Patricia Bowman Director, Secretary | OfficerTrustee | 5 | $0 |
John Harrison Director (left Sept 2022) | Trustee | 1 | $0 |
Melinda Noble Director | Trustee | 1 | $0 |
Kathy Hsu Director, Treasurer (left March 2022) | OfficerTrustee | 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 | $689,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $689,882 |
| Total Program Service Revenue | $428,112 |
| Investment income | $522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $906 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,119,422 |
| 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. | $159,092 |
| Compensation of current officers, directors, key employees. | $16,784 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,395 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,985 |
| Payroll taxes | $30,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,641 |
| Fees for services: Accounting | $27,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $242,375 |
| Advertising and promotion | $12,015 |
| Office expenses | $5,715 |
| Information technology | $35,303 |
| Royalties | $0 |
| Occupancy | $99,770 |
| 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 | $4,630 |
| Insurance | $10,088 |
| All other expenses | $14,270 |
| Total functional expenses | $995,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300,187 |
| Savings and temporary cash investments | $45,066 |
| Pledges and grants receivable | $126,189 |
| Accounts receivable, net | $13,050 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $81,733 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,511 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $251,812 |
| Other assets | $48,496 |
| Total assets | $885,044 |
| Accounts payable and accrued expenses | $12,291 |
| Grants payable | $0 |
| Deferred revenue | $25,911 |
| 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 | $251,812 |
| Total liabilities | $290,014 |
| Net assets without donor restrictions | $595,030 |
| 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 | $885,044 |