Lucis Trust FY2021 filing
Promotes understanding and cooperation between people for a better society. For fiscal year 2021 it reported $638K in revenue, $855K in expenses, and $2.1M in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Education
- Location
- New York, NY
- Website
- lucistrust.org
- Filings
- 5 on file (2020–2021)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Michael Galloway’s $45K as Secretary & Treasurer is at the 35th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Michael Galloway | $44,710 | $44,710 | $44,710 | — | — |
| Stephen I Nation | — | — | — | $7,000 | $7,000 |
| Stephen I Nation Former | — | — | $4,667 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
Promoting the education of the human mind towards recognition and practice of the spiritual principles and values upon which a stable and interdependent world society may be based.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 81% | — | — |
| Overhead ratio | 19% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | -11% | — | — |
| Legal fee ratio | 1% | — | — |
| Accounting fee ratio | 2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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