School for Esoteric Studies Inc

EIN: 131832805 501(c)(3) Education

Asheville, NC

Total Revenue
$150,630
Total Expenses
$107,823
Total Assets
$1,420,931
Net Assets
$1,415,100
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
NC
Principal Officer
Allison First
Phone
8282254272
Tax Period
2024-01-01 to 2024-12-31

School for Esoteric Studies Inc, founded in 1956, is a small nonprofit in the Education sector that reported $151K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 28% operating margin.

Mission

To train people in the Ageless Wisdom teachings and practice.

Program Service Accomplishments

Program 1
Expenses: $71,782 Revenue: $0

Education: We provide lesson materials and instruction for correspondence courses in the Ageless Wisdom for 306 members, which includes 19 new students. We received 128 application requests to the...

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Education: We provide lesson materials and instruction for correspondence courses in the Ageless Wisdom for 306 members, which includes 19 new students. We received 128 application requests to the School.

Program 2

Public Awareness Outreach: We produced 12 monthly group letters in three languages (English, Spanish, Italian) that are circulated among our membership and others within the spiritual community. We...

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Public Awareness Outreach: We produced 12 monthly group letters in three languages (English, Spanish, Italian) that are circulated among our membership and others within the spiritual community. We also sent out two free Newsletters in 2024, which were distributed to the entire School membership and also upon request. In 2024 these newsletters were sent to 1,921 members and subscribers. We translated materials into other languages to reach a wider audience and to serve our membership. Our Facebook page reached 5,100 followers. Our Instagram page had 241 followers and we put up 60 posts in 2024. We created three new videos on YouTube, which now has 28 videos, 627 subscribers, and had 27,592 views in 2024. We posted two new articles and one new booklet on our website - in three languages. We continued to maintain and update our website with relevant information in three languages. In 2024 we responded to 88 miscellaneous requests from the public and sent out bookmarks, booklets, leaflets and brochures about the School in three languages. We continued to provide materials in three languages for those interested in participating in our Cleansing Initiative; 96 individuals are currently taking part in this. We also created a new initiative on Climate Cleansing and Renewal and invited members and interested parties to join us in this. We provided a free monthly conference in Turin, Italy, and also participated in a variety of collaborative initiatives with other spiritual groups.

Program 3

Student Service: 449 members receive our yearly conference set; this is a document composed of study excerpts on a particular subject, three conference talks and a conference report. 63 students...

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Student Service: 449 members receive our yearly conference set; this is a document composed of study excerpts on a particular subject, three conference talks and a conference report. 63 students received lesson sets and individual commentaries on their work in three languages. We continue to update and translate lesson materials for students, in three languages. We maintain a lending library for School members who reside in the US.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $84,660
Program Service Revenue $0
Investment Income $65,970
Other Revenue $0
TOTAL REVENUE $150,630

Expense Breakdown

Grants Paid $0
Salaries & Benefits $79,870
Fundraising Expenses $2,599
Program Expenses $71,782
Other Expenses $27,953
TOTAL EXPENSES $107,823

Year-over-Year Comparison

2024 2023 Change
Revenue $150,630 $88,319 +0.7%
Expenses $107,823 $107,159 +0.0%
Net Income $42,807 $-18,840 -3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
2
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$30,090
Total Directors
3
$40,090
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Allison First Interim ED - December 2024 32.00
Officer
$0 $0 $0
Gail Jolley Executive Director 32.00
Officer Director
$30,090 $0 $30,090
Jane Shaw Treasurer 10.00
Officer Director
$0 $0 $0
Miguel Malagreca Outreach 30.00
Director
$10,000 $0 $10,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $150,630 $107,823 $1,420,931 $42,807
2023 $88,319 $107,159 $1,316,716 $-18,840
2022 $107,302 $108,913 $1,217,849 $-1,611
2021 $125,107 $107,521 $1,502,489 $17,586
2020 $97,446 $102,447 $1,385,850 $-5,001
2019 $93,072 $127,338 $1,274,548 $-34,266
2018 $192,784 $141,206 $1,130,337 $51,578
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