Philosophical Research Society Inc
- Assets
- $1.2m
- Revenue
- $563.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Los Angeles, CA
- Founding
- 08/1945
- Data as of
- 12/2021
- EIN
- 95-2158732
Organization Overview
Philosophical Research Society Inc is located in Los Angeles, CA. The organization was established in 1945. 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 12/2021, Philosophical Research Society Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philosophical Research Society Inc 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, Philosophical Research Society Inc generated $563.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $488.9k during the year ending 12/2021. 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
TO DISSEMINATE INFORMATION AND INCREASE PUBLIC AWARENESS IN THE AREAS OF PHILOSOPHY, COMPARATIVE RELIGIONS AND PSYCHOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, PRS HOSTED 10 ONLINE CLASSES WITH 486 ENROLLMENTS. ONLINE WEEKLY WORKSHOPS RECEIVED 30-50 ATTENDEES. IN ADDITION, PRS HOSTED 11 ONLINE EVENTS ON THE TAROT, CARL JUNG, MANLY HALL, HOW TO HONOR OUR DECEASED LOVED ONES, AND ESOTERIC ARTISTS WITH ESTEEMED GUESTS SUCH AS JONATHAN YOUNG, STEPHAN HOELLER, MITCH HOROWITZ, YOLANDA ROBINSON, AND SUSAN ABERTH. UPON REOPENING IN THE SUMMER OF 2021, PRS BEGAN HOSTING OUTDOOR EVENTS AND ART EXHIBITIONS WHILE CONTINUING TO EXPAND ONLINE PROGRAMMING. IN THE FALL WE BEGAN TO HOST INDOOR EVENTS. WE HOSTED 25 IN-PERSON EVENTS (FILM SCREENINGS, BOOK TALKS WITH SKYLIGHT BOOKS, COMMUNITY EVENTS WITH THE KALI MANDIR TEMPLE, CONCERTS, AND LECTURES ON RARE ALCHEMICAL MANUSCRIPTS) RECEIVING 30-100 ATTENDEES FOR THESE EVENTS. DURING THE YEAR, PRS PRESENTED TWO ART EXHIBITIONS IN THE HANSELL GALLERY, ONE BY MARCUS ZIGA AND THE SECOND BY LANI TROCK, AND ONE IN THE LIBRARY BY CHARWEI TSAI. THE EXHIBITIONS RECEIVED MANY VISITORS AND UP TO 100 ATTENDEES FOR SOME OF THE SUPPORTING EVENTS. PRS CO-PRESENTED THE CLOSING EVENT FOR LANI TROCK'S EXHIBITION WITH LOS ANGELES NOMADIC DIVISION. THE PRS LIBRARY REOPENED IN JUNE 2021 ON FRIDAYS 12-6PM, AND RECEIVES AROUND 20-30 VISITORS DURING PUBLIC HOURS. THE BOOKSTORE REMAINED OPEN TO THE PUBLIC OFFERING CURBSIDE PICKUP IN ADDITION TO SHIPPING PRODUCTS WORLDWIDE, AND EXPANDED THE ONLINE SHOP'S INVENTORY TO INCLUDE USED BOOKS AND AN EXPANDED CATALOG OF WORKS ON MYTHOLOGY, PHILOSOPHY, LITERATURE, AND ART. PRS RELEASED TWO NEW VOLUMES OF ESSAYS BY MANLY HALL ON MYTHOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Salyer President & CEO | OfficerTrustee | 40 | $64,500 |
Walter Hansell Secretary | OfficerTrustee | 10 | $0 |
James Callahan Chairman | OfficerTrustee | 10 | $0 |
John Pillsbury Treasurer | OfficerTrustee | 10 | $0 |
Amy Grat Director | Trustee | 1 | $0 |
William Garlington Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,715 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,853 |
| Noncash contributions included in lines 1a–1f | $8,102 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $348,568 |
| Total Program Service Revenue | $48,421 |
| Investment income | $19,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20,239 |
| Net Rental Income | $36,995 |
| Net Gain/Loss on Asset Sales | -$1,934 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $91,192 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $563,479 |
| 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. | $64,500 |
| Compensation of current officers, directors, key employees. | $64,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,743 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,500 |
| Payroll taxes | $20,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,438 |
| Advertising and promotion | $615 |
| Office expenses | $5,398 |
| Information technology | $6,353 |
| Royalties | $0 |
| Occupancy | $17,781 |
| 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 | $8,020 |
| Insurance | $95,254 |
| All other expenses | $3,596 |
| Total functional expenses | $488,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,361 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,454 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $250,855 |
| Prepaid expenses and deferred charges | $15,909 |
| Net Land, buildings, and equipment | $84,966 |
| Investments—publicly traded securities | $303,760 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,582 |
| Other assets | $310,519 |
| Total assets | $1,236,406 |
| Accounts payable and accrued expenses | $9,803 |
| 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 | $0 |
| Total liabilities | $9,803 |
| Net assets without donor restrictions | $1,186,703 |
| Net assets with donor restrictions | $39,900 |
| 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 | $1,236,406 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Philosophical Research Society Inc has recieved totaling $10,092.
| Awarding Organization | Amount |
|---|---|
Virginia S Warner Foundation Inc Washington, DC PURPOSE: GENERAL EXEMPT PURPOSE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $92 |
Endowment Analysis
| Net Contributions | $39,900 |
| Ending Balance | $39,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Packard Humanities Institute Los Altos, CA | $863,900,364 | $102,577,308 |
Ayn Rand Institute The Center For The Advancement Of Objectivism Santa Ana, CA | $17,620,667 | $17,085,722 |
Claremont Inst For The Study Of Statesmanship & Polit Philosophy Upland, CA | $14,003,298 | $9,466,224 |
California Humanities Oakland, CA | $2,781,512 | $6,891,682 |
Aha Punana Leo Hilo, HI | $23,875,245 | $6,915,753 |
Partners Asia Oakland, CA | $6,552,828 | $5,792,880 |
Literary Arts Inc Portland, OR | $14,485,873 | $11,203,520 |
Library Foundation Inc Serving The People Of Multnomah County Portland, OR | $22,669,861 | $3,134,177 |
Get Lit Words Ignite Inc Los Angeles, CA | $1,330,397 | $2,322,954 |
Society For Creative Anachronism Inc San Jose, CA | $6,483,503 | $1,391,085 |
Asian Pacific Institute On Gender-Based Violence Oakland, CA | $515,688 | $1,708,443 |
Wang Mo-Jen & Wang Chou An-Yi World Chinese Literature Prize Foundati San Francisco, CA | $2,890,895 | $451,863 |