Oracle Institute
- Assets
- $855.9k
- Revenue
- $27.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Independence, VA
- Founding
- 02/2007
- Data as of
- 08/2022
- EIN
- 26-0108053
Organization Overview
Oracle Institute is located in Independence, VA. The organization was established in 2007. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. Oracle 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 08/2022, Oracle Institute generated $27.2k 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 (11.5%) each year. All expenses for the organization totaled $18.0k during the year ending 08/2022. 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
ORACLE'S MISSION IS TO PROMOTE A CULTURE OF PEACE THROUGH SPIRITUAL GROWTH AND SACRED ACTIVISM. WE PURSUE THIS MISSION BY HOSTING INTERFAITH, SOCIAL JUSTICE AND OTHER RELEVANT CLASSES; CONDUCTING THINK-TANK LEVEL RESEARCH ON HUMAN DEVELOPMENT AND CONSCIOUSNESS; PUBLISHING BOOKS; ENGAGING IN PUBLIC OUTREACH; AND PARTICIPATING IN LOCAL, NATIONAL, AND GLOBAL HUMANITARIAN AND CHARITABLE EVENTS. REGRETTABLY, OUR CLASSES AND PEACEBUILDING ACTIVITIES WERE GREATLY CONSTRAINED BY COVID IN TAX YEAR 2021-2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHING HOUSE: IN 2021-2022, THE ORACLE INSTITUTE PRESS SOLD 1,440 BOOKS AND EBOOKS. OUR TITLES ARE ALL EDUCATIONAL, WITH TOPICS INCLUDING BUT NOT LIMITED TO SCIENCE AND PHILOSOPHY, COMPARATIVE RELIGION, PERSONAL DEVELOPMENT, RELATIONSHIP DYNAMICS, AND CHILDREN'S TITLES. ORACLE PRESS ACCOUNTS FOR ALMOST ALL OF ITS PUBLISHING EXPENSES ON A CASH BASIS, BUT DIRECT PRINTING EXPENSES ARE USED TO VALUE INVENTORY ON OUR BOOKS AND ARE ACCOUTED FOR AS COST OF GOODS SOLD AS THE BOOKS ARE SOLD.
SPIRITUALITY SCHOOL: BECAUSE OF COVID RESTRICTIONS IN OUR AREA, THE SPIRITUALTY SCHOOL CONDUCTED ONLY ONE OF ITS NORMAL, IN-PERSON, EDUCATION EVENTS. BECAUSE OF COVID RESTRICTIONS IN OUR AREA, THE SPIRITUALTY SCHOOL CONDUCTED ONLY ONE OF ITS NORMAL, IN-PERSON, EDUCATION EVENTS. SET TUITION AND FEES. IN ADDITION, PEACEBUILDING ACTIVITIES WERE SIMILARLY LIMITED IN THIS FISCAL YEAR. WE HAVE INCLUDED THE FEW ON-LINE PEACEBUILDING EVENTS CONDUCTED IN THE NUMBERS SHOWN ABOVE FOR THE SCHOOL (SEE ALSO SCHEDULE O). THE IN PERSON EVENT WAS A RETREAT ON WOMEN'S RIGHTS.
PEACE PRACTICE. SEE ABOVE AND SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura George Executive Director, President | OfficerTrustee | 40 | $0 |
Stephen Dynako Director, Vice President | OfficerTrustee | 1 | $0 |
Steven Truitt Director, Treasurer, Webmaster | OfficerTrustee | 10 | $0 |
Katherine Kennedy Secretary, Interfaith Coordinator | Officer | 20 | $0 |
Patricia George Director | Trustee | 10 | $0 |
Dr Glen Martin Director | Trustee | 1 | $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 | $15,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,540 |
| Total Program Service Revenue | $11,617 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $443 |
| Advertising and promotion | $1,468 |
| Office expenses | $997 |
| Information technology | $1,537 |
| Royalties | $0 |
| Occupancy | $147 |
| Travel | $438 |
| 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 | $1,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,222 |
| All other expenses | $0 |
| Total functional expenses | $18,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,046 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,262 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,921 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $804,636 |
| Total assets | $855,865 |
| 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 | $445,000 |
| Total liabilities | $445,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,765 |
| Paid-in or capital surplus, or land, building, or equipment fund | $11,082 |
| Retained earnings, endowment, accumulated income, or other funds | $396,018 |
| Total liabilities and net assets/fund balances | $855,865 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oracle Institute has recieved totaling $32.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Council For A Strong America Washington, DC | $10,213,790 | $6,648,495 |
American Board For Certification In Orthotics & Prosthetics Inc Alexandria, VA | $27,674,862 | $8,130,856 |
International Womens Forum Washington, DC | $15,476,406 | $6,642,996 |
Mid-South Carpenters Regional Council Training Trust Fund Chattanooga, TN | $11,869,784 | $4,623,435 |
The Virginia Center For Policing Innovation Richmond, VA | $3,512,046 | $2,842,385 |
Montgomery Coalition For Adultenglish Literacy Inc Rockville, MD | $499,251 | $2,155,762 |
Washington Literacy Center Washington, DC | $364,102 | $2,001,216 |
Society Of Cardiovascular Computed Tomography Arlington, VA | $2,676,474 | $2,337,987 |
The Gault Center Washington, DC | $1,808,351 | $1,278,262 |
Phs Commissioned Officers Fdn For The Advancement Of Public Health Hyattsville, MD | $6,068,550 | $932,592 |
Community-Campus Partnerships For Health Raleigh, NC | $679,210 | $1,816,755 |
Innerwill Manakinsabot, VA | $1,116,255 | $1,580,994 |