University Of Science & Philosophy
- Assets
- $3.7m
- Revenue
- $538.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Waynesboro, VA
- Founding
- 12/1958
- Data as of
- 12/2021
- EIN
- 54-6002462
Organization Overview
University Of Science & Philosophy is located in Waynesboro, VA. The organization was established in 1958. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2021, University Of Science & Philosophy employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Science & 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 12/2021, University Of Science & Philosophy generated $538.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $328.3k during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CORPORATION IS TO PUBLISH, TEACH AND OTHERWISE PROMOTE THE SCIENTIFIC AND PHILOSOPHICAL CONCEPTS OF WALTER AND LAO RUSSELL, AND OTHER MEMBERS OF THE TWILIGHT CLUB, WHICH INCLUDED HERBERT SPENCER, EDWIN MARKHAM, AND ALEXIS CARRELL.
Describe the Organization's Program Activity:
THE UNIVERSITY PROVIDES A UNIQUE EDUCATION AND CURRICULUM ON THE STUDY OF UNIVERSAL LAW, NATURAL SCIENCE AND THE LIVING PHILOSOPHY OF DR. WALTER AND LAO RUSSELL, EXTENDED FROM THE ORIGINAL CONCEPTION OF THE TWILIGHT CLUB, WHICH FOCUSED ON THE CHARACTER BUILDING OF HUMANITY OVERALL. THE CURRICULUM CONSISTS OF HOME STUDY COURSES, BOOKS AND BOOKLETS, CLASSES, CONFERENCES, GUEST SPEAKERS, MUSEUM TOURS, AND OTHER EVENTS. THE UNIVERSITY SELLS EACH YEAR APPROXIMATELY 300 HOME STUDY COURSES, FULFILLS 6,000 ORDERS FOR BOOKS AND BOOKLETS RESULTING IN SHIPMENTS OF MORE THAN 10,000 BOOKS. THE UNIVERSITY RECEIVES PHONE CALLS AND WRITTEN CORRESPONDENCE FROM APPROXIMATELY 1,000 PERSONS INTERESTED IN LEARNING MORE ABOUT THE CURRICULUM AND ITS OFFERINGS. THE UNIVERSITY MAINTAINS A WEBSITE WHICH RECEIVES APPROXIMATELY 150,000 VISITORS FROM 150 COUNTRIES OR TERRITORIES YEARLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John B Bonsall President | OfficerTrustee | 40 | $38,985 |
Michael P Hudak Board Chairm | OfficerTrustee | $0 | |
Tyler M Moore Treasurer | OfficerTrustee | $0 | |
Jim Haynes ESQ Vice Pres/se | OfficerTrustee | $0 | |
Timothy A Binder Director | Trustee | $0 | |
William C Cranwell Director | Trustee | $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 | $262,780 |
| Noncash contributions included in lines 1a–1f | $251,229 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,780 |
| Total Program Service Revenue | $50,353 |
| Investment income | $14,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $446 |
| Net Rental Income | $3,250 |
| Net Gain/Loss on Asset Sales | $62,495 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $144,187 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $538,487 |
| 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. | $38,985 |
| Compensation of current officers, directors, key employees. | $19,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,735 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,706 |
| Payroll taxes | $11,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,420 |
| Fees for services: Accounting | $6,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,173 |
| Advertising and promotion | $746 |
| Office expenses | $38,291 |
| Information technology | $3,544 |
| Royalties | $0 |
| Occupancy | $14,861 |
| Travel | $3,692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,654 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,031 |
| Insurance | $20,092 |
| All other expenses | $183 |
| Total functional expenses | $328,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,814 |
| Savings and temporary cash investments | $63,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $689 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $188,871 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,810,234 |
| Investments—publicly traded securities | $554,735 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,032,659 |
| Total assets | $3,705,364 |
| Accounts payable and accrued expenses | $1,147 |
| 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 | $189 |
| Total liabilities | $1,336 |
| Net assets without donor restrictions | $2,226,378 |
| Net assets with donor restrictions | $1,477,650 |
| 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 | $3,705,364 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Science & Philosophy has recieved totaling $26.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Endowment Analysis
| Beg. Balance | $123,345 |
| Earnings | $3,040 |
| Ending Balance | $126,385 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gardner-Webb University Boiling Springs, NC | $163,499,840 | $100,956,877 |
Meredith College Raleigh, NC | $208,277,395 | $93,593,801 |
Queens University Of Charlotte Charlotte, NC | $172,081,537 | $81,135,661 |
Christian Brothers University Memphis, TN | $107,139,654 | $73,065,264 |
Hood College Of Frederick Md Frederick, MD | $239,172,984 | $86,749,150 |
Lindsey Wilson College Columbia, KY | $105,712,376 | $75,911,897 |
University Of Charleston Charleston, WV | $165,466,364 | $66,493,632 |
Cumberland University Lebanon, TN | $59,645,506 | $69,170,999 |
Eastern Mennonite University Harrisonburg, VA | $99,783,361 | $58,460,509 |
Hollins University Corporation Roanoke, VA | $310,010,589 | $66,193,734 |
Notre Dame Of Maryland University Baltimore, MD | $157,479,372 | $61,524,887 |
Johnson C Smith University Incorporated Charlotte, NC | $138,679,545 | $51,955,069 |