Nonprofit · EIN 77-0521380
LIVING WISDOM SCHOOL OF PALO ALTO
Tax-exempt · PALO ALTO, CA 94306
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,205,556 | $1,892,875 | $312,681 | $2,824,906 | $5,276 | $2,819,630 |
| December 31, 2023 | 990 | $2,381,851 | $1,733,825 | $648,026 | $2,481,328 | $898 | $2,480,430 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $119,858
- Program service revenue
- $1,966,486
- Investment income
- $118,612
- Net gain from sales of assets
- $17,318
- Other revenue
- $600
Expenses
- Grants and similar amounts paid
- $11,131
- Compensation of officers, directors and key employees
- $118,891
- Other salaries and wages
- $1,079,864
- Salaries, compensation and benefits (total)
- $1,421,038
- Professional fundraising fees
- $0
- Accounting fees
- $4,061
- Occupancy
- $212,930
- Depreciation
- $6,811
- Program services (functional)
- $1,624,490
- Management and general (functional)
- $268,385
Balance sheet and other
- Total assets, start of year
- $2,481,238
- Total assets, end of year
- $2,824,906
- Total liabilities, end of year
- $5,276
- Net assets, end of year
- $2,819,630
- Land, buildings and equipment
- $56,432
- Publicly traded securities
- $1,547,419
- Gross receipts
- $2,484,008
- Employees
- 31
- Year formed
- 2000
- State of legal domicile
- CA
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Gary McSweeney | President Officer | 40 | $63,486 | $0 | $20,400 |
| Helen Purcell | Secretary Treasurer Officer | 40 | $41,405 | $0 | $12,355 |
| Asha Praver | Director Trustee or director | 1 | $0 | $15,307 | $0 |
| Eric Munro | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Helen Purcell | Secretary Treasurer Officer | 40 | $67,480 | $0 | $45,180 |
| Gary McSweeney | President Officer | 40 | $59,046 | $0 | $20,400 |
| Asha Praver | Director Trustee or director | 1 | $3,500 | $14,640 | $0 |
| Eric Munro | Director Trustee or director | 1 | $0 | $0 | $0 |
| Pam Peterson | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 456 COLLEGE AVE, PALO ALTO, CA 94306-1524
- In care of
- % GARY MCSWEENEY
- Signed the 990
- GARY MCSWEENEY, President
- Phone
- (650) 462-8150
- Website
- livingwisdomschool.org
- Return prepared by
- Rice Business Solutions
California records
California keeps its own records of charities and corporations. Search them by EIN 77-0521380 or by the name LIVING WISDOM SCHOOL OF PALO ALTO.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Corporation was formed to organize and operate a primary private school, open to the public, based on the Living Wisdom principles of Paramhansa Yogananda (1893-1952) - See Statement 100
Program accomplishments
- Living Wisdom School of Palo Alto provides education for preschool students through 8th grade level. The curriculum focuses on a variety themed subjects such as: Self Expression and communication for language Our Earth - Our Universe for science Mathematics, social studies: understanding people Annual Theatre Production to integrate history, literature, art,... Personal Growth through awareness and meditaiton Artist Expression through musicExpenses $1,624,490 · grants $11,131 · revenue $2,205,556
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
- 77-0521380
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $2,824,906
- Income (IRS master file)
- $2,484,008
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,205,556 | $1,892,875 | $2,824,906 | XML |
| 990 | December 2023 | $2,381,851 | $1,733,825 | $2,481,328 | XML |
| 990 | December 2022 | $1,900,358 | $1,655,533 | $1,754,422 | IRS |
| 990 | 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 77-0521380).
Questions about LIVING WISDOM SCHOOL OF PALO ALTO
- What is the EIN of LIVING WISDOM SCHOOL OF PALO ALTO?
- The employer identification number (EIN) of LIVING WISDOM SCHOOL OF PALO ALTO is 77-0521380.
- Is LIVING WISDOM SCHOOL OF PALO ALTO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to LIVING WISDOM SCHOOL OF PALO ALTO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIVING WISDOM SCHOOL OF PALO ALTO 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 LIVING WISDOM SCHOOL OF PALO ALTO 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 LIVING WISDOM SCHOOL OF PALO ALTO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of LIVING WISDOM SCHOOL OF PALO ALTO?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $63,486 (Gary McSweeney, President).
- How much revenue does LIVING WISDOM SCHOOL OF PALO ALTO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,205,556, expenses of $1,892,875 and total assets of $2,824,906 at year end.
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