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The School Of Practical Philosophy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133107679 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is The School Of Practical Philosophy?

The School of Practical Philosophy is a nonprofit organization based in New York, specifically at PO Box 1825, New York, NY 10150. Its primary mission is to teach courses that demonstrate how profound philosophical ideas can be applied in everyday life, aiming to make these ideas practical and beneficial. With a small team of one dedicated individual, the organization strives to equip individuals with the tools to integrate philosophical concepts into their daily routines.


Official website here: www.philosophyworks.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Star Rating) from Charity Navigator

The School of Practical Philosophy has achieved a commendable Four-Star rating, reflecting high standards in accountability and finance. With a total score of 96%, the organization demonstrates strong financial health and transparency, making it a reliable choice for potential donors seeking impactful charities.

The nonprofit excels in key areas such as having an entirely independent board and an impressive program expense ratio of 82.47%, indicating that a significant portion of its funds directly supports its mission and programs. Additionally, robust policies are in place, including conflict of interest and whistleblower policies, which further enhance its credibility and governance.

While the organization has received high marks across all evaluated areas, potential supporters may consider that the rating is focused solely on financial accountability, without insights into program effectiveness or impact. Nonetheless, the strong financial practices and commitment to transparency position The School of Practical Philosophy as a trustworthy nonprofit.


This AI summary has been generated from information found on Charity Navigator.

Is The School Of Practical Philosophy legitimate?

The School Of Practical Philosophy is a legitimate nonprofit organization registered as a 501(c)(3) entity. The School Of Practical Philosophy 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,600

For more financial information, click here


Official website here: www.philosophyworks.org

What is the mission statement of The School Of Practical Philosophy?

The School of Practical Philosophy's mission is centered around teaching courses that demonstrate the practical application of profound philosophical concepts in day-to-day life. Their primary objective is to equip individuals with the tools to integrate these philosophical ideas effectively into their daily routines. The organization's activities primarily revolve around this educational endeavor, aiming to empower individuals to live more thoughtfully and purposefully.


Official website here: www.philosophyworks.org

What is the revenue of The School Of Practical Philosophy?

The School Of Practical Philosophy's revenue in 2023 was $3,022,208.


Official website here: www.philosophyworks.org

Who are the executives of The School Of Practical Philosophy and what are their salaries?

The average compensation at The School Of Practical Philosophy during 2023 was $24,600. There is 1 employee and 232 volunteers at The School Of Practical Philosophy.

Here are 9 key members and their salaries:


Howard Schott (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allan Moller (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Bosworth (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Earl Miller (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Bosworth (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Kigel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Devang Gambhirwala (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jaime Rathore (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Wiegmann (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.philosophyworks.org

Where can I find the form 990 for The School Of Practical Philosophy?

The School Of Practical Philosophy's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.philosophyworks.org

Learn more at the official website: www.philosophyworks.org

Mission Statement of The School Of Practical Philosophy

The School of Practical Philosophy is dedicated to a noble mission: to educate individuals on how to apply profound philosophical concepts to their daily lives. By offering courses, this organization aims to demonstrate the practical application of these philosophical ideas, enabling individuals to incorporate them into their everyday existence. The primary goal of The School of Practical Philosophy is to empower individuals to harness the power of philosophy and apply it to everyday situations, thereby enriching their lives and experiences.

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Impact




August, 2024

The School of Practical Philosophy has had a significant impact on individuals by teaching courses that demonstrate how great philosophical ideas can be applied effectively in daily life. Through their programs, they enable people to gain a deeper understanding of philosophical concepts and how to integrate them into their personal and professional lives. This organization in New York City empowers individuals to navigate life's challenges with a philosophically informed perspective, fostering personal growth and self-awareness.




This information is meant to be a general summary of The School Of Practical Philosophy. 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.

Revenue
$3,022,208 (2023)
Expenses
$1,609,517 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $413,473
  • Program Service Revenue: $536,430
  • Gross Receipts: $3,421,323

Assets and Liabilities:

  • Total Assets: $16,007,879
  • Total Liabilities: $1,630,013
  • Net Assets: $14,377,866

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION, SCHOOL AND ACTIVITY

Revenue

$532,543

OTHER PROGRAM

Revenue

$3,887

Organization Details

Founding Year

1964

Principal Officer

Howard Schott

NTEE Category

Code: A70 - Arts

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