Science Of Mind Archives And Library Foundation
- Assets
- $148.9k
- Revenue
- $195.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Lees Summit, MO
- Founding
- 11/2007
- Data as of
- 12/2023
- EIN
- 56-2676731
Organization Overview
Science Of Mind Archives And Library Foundation is located in Lees Summit, MO. The organization was established in 2007. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2023, Science Of Mind Archives And Library Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Science Of Mind Archives And Library Foundation 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 12/2023, Science Of Mind Archives And Library Foundation generated $195.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $199.3k during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND MAINTAIN IN PERPETUITY A COMPREHENSIVE ARCHIVE AND LIBRARY HOUSING THE VARIOUS EXPRESSIONS OF THOUGHT THAT HAVE EMANATED IN THE DEVELOPMENT OF THE TEACHING KNOWN AS THE SCIENCE OF MIND
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY COMPONENT: SOMA CONTINUED TO REORGANIZE THE LIBRARY. ARCHIVES COMPONENT: IN 2023, SOMA PUBLISHED A NEW BOOK, ERNEST HOLMES AT ASILOMAR. LUNCH N LEARN: SOMA LAUNCHED A NEW MONTHLY VIRTUAL LUNCH N LEARN FEATURING NEWLY DIGITIZED AUDIO RECORDING OF DR. ERNEST HOLMES. IN 2023 THERE WERE 12 SESSIONS WITH 373 TOTAL ATTENDEES FOR THE YEAR. THE RECORDINGS WERE PLACED ON OUR YOUTUBE CHANNEL AND HAD 709 TOTAL VIEWS. PRESENTATIONS: SOMA HAD A TOTAL OF 22 PRESENTATIONS (BOTH IN PERSON AND ONLINE). IN 2023 REACHING 798 PEOPLE, INCLUDING 2 PRESENTATIONS AT ASILOMAR IN CALIFORNIA, THE CONVENTION OF THE AMERICAS IN MEXICO, AND THE PARLIAMENT OF THE WORLDS RELIGIONS IN CHICAGO. WEBSITE COMPONENT: IN 2023, SOMA CONTINUED TO ORGANIZE AND ADD TO THE INVENTORY OF DOCUMENTS, MANUSCRIPTS, CLASSES, AUDIO RECORDINGS, AND TRANSCRIPTS OF OUR MOVEMENTS HISTORY. SOMA CONTINUED TO UPLOAD NEW ITEMS ON A REGULAR WEEKLY BASIS TO OUR WEBSITE, EXPANDING THE AVAILABILITY OF RESOURCES FROM OUR HISTORY TO THE WORLD. WEBSITE SUBSCRIPTIONS CONTINUE TO GROW. AT THE END OF 2023 WE HAD 343 SUBSCRIPTIONS (A NET GAIN OF 65 FROM 2022). THERE WERE 1,494 ORDERS PLACED FOR 1,706 ITEMS, (AN INCREASE FROM 2022: 1,365 ORDERS FOR 1,601 ITEMS). YOUTUBE: IN 2023, SOMA FOCUSED ON ADDING EDUCATIONAL AND ARCHIVAL CONTENT ON OUR YOUTUBE CHANNEL. BY DOING SO, SOMA INCREASED THE TOTAL SUBSCRIBERS FROM 93 TO 398. SOMA INCREASED THE NUMBER OF VIDEOS AVAILABLE FROM 43 TO 91. RELOCATION/FUNDRAISING:SOMA WAS OFFICIALLY NOTIFIED BY OUR LANDLORD THAT WE NEEDED TO FIND A NEW LOCATION BECAUSE THE BUILDING WAS BEING SOLD. SOMA KICKED OFF A RELOCATION CAMPAIGN WITH THE GOAL OF RAISING $150,000 TOWARDS THE MOVE OF THE ORGANIZATION IN 2024. IN 2023 $63,000 WAS RAISED AND SOMA WAS APPROVED FOR A $25,000 HEFFERLIN MATCHING GRANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Van Cleave President | OfficerTrustee | 4 | $0 |
Steve Yarborough Vice President | OfficerTrustee | 2 | $0 |
Chris Plym Secretary | OfficerTrustee | 2 | $0 |
Deborah Gordon Treasurer | OfficerTrustee | 2 | $0 |
Kristina Collins Director | Trustee | 2 | $0 |
Mark Gilbert Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,511 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,078 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,589 |
| Total Program Service Revenue | $22,750 |
| Investment income | $3,187 |
| 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 | $195,004 |
| 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 | $140,632 |
| Pension plan accruals and contributions | $1,861 |
| Other employee benefits | $5,555 |
| Payroll taxes | $9,425 |
| 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 | $3,157 |
| Advertising and promotion | $554 |
| Office expenses | $5,443 |
| Information technology | $2,842 |
| Royalties | $1 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $795 |
| Insurance | $2,464 |
| All other expenses | $0 |
| Total functional expenses | $199,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,207 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,956 |
| 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 | $0 |
| Net Land, buildings, and equipment | $735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $148,898 |
| Accounts payable and accrued expenses | $38,043 |
| 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 | $55,600 |
| Other liabilities | $0 |
| Total liabilities | $93,643 |
| Net assets without donor restrictions | $28,581 |
| Net assets with donor restrictions | $26,674 |
| 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 | $148,898 |