Overview
What is Lucis Trust And Arcane School?
Lucis Trust and Arcane School, situated in New York, NY, are a nonprofit organization with a mission to foster right human relations. They accomplish this by cultivating an understanding of spiritual principles and values within individuals. Their primary objective is to establish a stable and interdependent global society. Through education, they aim to guide the human mind towards recognizing and implementing these virtues, ultimately contributing to a more harmonious world.
Official website here: www.lucistrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Lucis Trust and Arcane School has achieved a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial management. The charity scores particularly well in areas such as board independence, financial statement oversight, and the absence of material asset diversion. The majority of board members are independent, which reinforces good governance practices.
However, there are some areas for improvement. The organization is lacking a whistleblower policy and a document retention and destruction policy, which could enhance transparency and operational integrity. While these factors did not significantly impact the overall score, addressing them could bolster confidence among stakeholders.
Financially, Lucis Trust allocates a substantial portion of its resources to program expenses, with a ratio of 81.44%. This suggests that the organization is committed to its mission, utilizing funds effectively to support its initiatives. Nevertheless, the liabilities to assets ratio of 55.24% indicates that there may be room for further financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Lucis Trust And Arcane School legitimate?
Lucis Trust And Arcane School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lucis Trust And Arcane School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $49,377
Professional Fundraising Fees: $0
Other Salaries and Wages: $234,913
For more financial information, click here
Official website here: www.lucistrust.org
What is the mission statement of Lucis Trust And Arcane School?
Lucis Trust and Arcane School, with their base in an undisclosed location, are committed to fostering right human relations. They achieve this objective by educating individuals' minds, guiding them towards the recognition and application of spiritual principles and values. Their ultimate goal is to establish a harmonious and interdependent global society, striving for a stable world order.
Official website here: www.lucistrust.org
Who is the CEO of Lucis Trust And Arcane School?
Michael Galloway is the President of Lucis Trust And Arcane School.
Official website here: www.lucistrust.org
What is the revenue of Lucis Trust And Arcane School?
Lucis Trust And Arcane School's revenue in 2022 was $731,110.
Official website here: www.lucistrust.org
Who are the executives of Lucis Trust And Arcane School and what are their salaries?
The average compensation at Lucis Trust And Arcane School during 2022 was $25,845. There are 11 employees and 14 volunteers at Lucis Trust And Arcane School.
Here are 8 key members and their salaries:
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- Compensation: $4,667
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- Other: $0
- Compensation: $44,710
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.lucistrust.org
Where can I find the form 990 for Lucis Trust And Arcane School?
Lucis Trust And Arcane School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lucistrust.org
Learn more at the official website: www.lucistrust.org
Mission Statement of Lucis Trust And Arcane School
Lucis Trust and Arcane School are committed to the establishment of right human relations. They accomplish this mission by educating individuals to recognize and practice spiritual principles and values. Their ultimate goal is to foster a stable and interdependent global society. By focusing on the human mind, they aim to contribute to a more harmonious and interconnected world.
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Impact
July, 2024
Lucis Trust and Arcane School have had a significant impact on promoting the establishment of right human relations by educating individuals on spiritual principles and values. Through their teachings and programs, they aim to expand awareness and foster a greater understanding of how to create a stable and interdependent world society. Their work in New York, NY, is focused on guiding individuals towards recognizing and practicing these principles in their daily lives, ultimately contributing to a more harmonious and interconnected global community.
This information is meant to be a general summary of Lucis Trust And Arcane School. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$4,796
- Gross Receipts: $923,751
Assets and Liabilities:
- Total Assets: $4,139,236
- Total Liabilities: $2,286,817
- Net Assets: $1,852,419
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Organization Details
Founding Year
1922
Phone
(212) 292-0707Principal Officer
Michael Galloway
Main Address
866 UNITED NATIONS PLAZA 482, NEW YORK, NY, 10017
Website
www.lucistrust.orgNTEE Category
Code: B64Z - Education
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