Nonprofit · EIN 54-6002462
UNIVERSITY OF SCIENCE & PHILOSOPHY
Tax-exempt · WAYNESBORO, VA 22980
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,078,305 | $395,305 | $683,000 | $4,445,258 | $10,248 | $4,435,010 |
| December 31, 2023 | 990 | $564,042 | $289,591 | $274,451 | $3,807,265 | $6,851 | $3,800,414 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $143,249
- Program service revenue
- $82,762
- Investment income
- $775,613
- Net rental income
- -$3,612
- Net gain from sales of assets
- $743,900
- Net income from sales of inventory
- $80,293
- Other revenue
- $76,681
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $150,296
- Salaries, compensation and benefits (total)
- $162,067
- Professional fundraising fees
- $0
- Legal fees
- $1,500
- Accounting fees
- $17,391
- Occupancy
- $34,739
- Depreciation
- $33,324
- Program services (functional)
- $340,138
- Management and general (functional)
- $45,967
- Fundraising (functional)
- $9,200
Balance sheet and other
- Total assets, start of year
- $3,807,265
- Total assets, end of year
- $4,445,258
- Total liabilities, end of year
- $10,248
- Net assets, end of year
- $4,435,010
- Land, buildings and equipment
- $2,412,030
- Publicly traded securities
- $507,570
- Net assets without donor restrictions
- $2,986,719
- Net assets with donor restrictions
- $1,448,291
- Gross receipts
- $1,333,205
- Employees
- 4
- Year formed
- 1948
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADRIANNE BOYER | TREASURER Trustee or director, Officer | 40 | $42,000 |
| RICHARD A DULANEY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| MATTHEW PRESTI | BOARD CHAIRM Trustee or director, Officer | 5 | $0 |
| MARGARET RUHE | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADRIANNE BOYER | TREASURER Trustee or director, Officer | 5 | $11,858 |
| WILLIAM C CRANWELL | DIRECTOR Trustee or director | 5 | $0 |
| RICHARD A DULANEY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JIM HAYNES ESQ | SECRETARY Trustee or director, Officer | 5 | $0 |
| MATTHEW PRESTI | BOARD CHAIRM Trustee or director, Officer | 5 | $0 |
| MARGARET RUHE | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| SAMUEL SPICHER | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 518 W MAIN ST, WAYNESBORO, VA 22980-4513
- In care of
- % RON SCHAFFERT CPA
- Principal officer (990 for 2024)
- RICHARD A DULANEY, PO BOX 511, CULPEPER, VA 22701
- Signed the 990
- RICHARD A DULANEY, PRESIDENT
- Phone
- (800) 882-5683
- Website
- WWW.PHILOSOPHY.ORG
- Return prepared by
- WARREN AND KOSS PC
Mission
THE PURPOSE OF THE CORPORATION IS TO PUBLISH, TEACH AND OTHERWISE PROMOTE THE SCIENTIFIC AND PHILOSOPHICAL CONCEPTS OF WALTER AND LAO RUSSELL, AND OTHER MEMBERS OF THE TWILIGHT CLUB, WHICH INCLUDED HERBERT SPENCER, EDWIN MARKHAM, AND ALEXIS CARRELL.
Program accomplishments
- THE UNIVERSITY PROVIDES A UNIQUE EDUCATION AND CURRICULUM ON THE STUDY OF UNIVERSAL LAW, NATURAL SCIENCE AND THE LIVING PHILOSOPHY OF DR. WALTER AND LAO RUSSELL, EXTENDED FROM THE ORIGINAL CONCEPTION OF THE TWILIGHT CLUB, WHICH FOCUSED ON THE CHARACTER BUILDING OF HUMANITY OVERALL. THE CURRICULUM CONSISTS OF HOME STUDY COURSES, BOOKS AND BOOKLETS, CLASSES, CONFERENCES, GUEST SPEAKERS, MUSEUM TOURS, AND OTHER EVENTS. THE UNIVERSITY SELLS EACH YEAR APPROXIMATELY 300 HOME STUDY COURSES, FULFILLS 6,000 ORDERS FOR BOOKS AND BOOKLETS RESULTING IN SHIPMENTS OF MORE THAN 10,000 BOOKS. THE UNIVERSITY RECEIVES PHONE CALLS AND WRITTEN CORRESPONDENCE FROM APPROXIMATELY 1,000 PERSONS INTERESTED IN LEARNING MORE ABOUT THE CURRICULUM AND ITS OFFERINGS. THE UNIVERSITY MAINTAINS A WEBSITE WHICH RECEIVES APPROXIMATELY 150,000 VISITORS FROM 150 COUNTRIES OR TERRITORIES YEARLY.Expenses $340,138 · revenue $82,762
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-6002462
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1958
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Assets (IRS master file)
- $4,445,258
- Income (IRS master file)
- $1,333,205
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,078,305 | $395,305 | $4,445,258 | XML |
| 990 | December 2023 | $564,042 | $289,591 | $3,807,265 | XML |
| 990 | December 2022 | $260,974 | $285,490 | $3,578,456 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-6002462).
Questions about UNIVERSITY OF SCIENCE & PHILOSOPHY
- What is the EIN of UNIVERSITY OF SCIENCE & PHILOSOPHY?
- The employer identification number (EIN) of UNIVERSITY OF SCIENCE & PHILOSOPHY is 54-6002462.
- Is UNIVERSITY OF SCIENCE & PHILOSOPHY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
- Are donations to UNIVERSITY OF SCIENCE & PHILOSOPHY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF SCIENCE & PHILOSOPHY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF SCIENCE & PHILOSOPHY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF SCIENCE & PHILOSOPHY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of UNIVERSITY OF SCIENCE & PHILOSOPHY?
- The 990 for the year ended December 31, 2024 names RICHARD A DULANEY.
- Who are the officers and directors of UNIVERSITY OF SCIENCE & PHILOSOPHY?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $42,000 (ADRIANNE BOYER, TREASURER).
- How much revenue does UNIVERSITY OF SCIENCE & PHILOSOPHY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,078,305, expenses of $395,305 and total assets of $4,445,258 at year end.
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