TSA Functional Expense Details
Nov 04, 2010 06:25 PM
We all receive requests from TSA for donations for theosophical work. While
financial statements are published each year, some of the critical details
relative to how the money is spent for the functions for which TSA is setup
may not be clear.
Congress got concerned that tax exempt organizations are not disclosing key
information relative to the expenses incurred and is now requiring more
disclosure and transparency. The expense details in the most recent Form 990
available on Internet is very interesting.
Some key information that jumps out of the details are:
1. 4.66% of the expenses ($128,200.00) were incurred for outside
accountants' fees for services. It is likely it is for auditing the books.
2. Information technology, which is a key component in today's world,
incurred only $73,222, which is 2.66% of total expenses.
3. National fieldwork/training expense was a paltry $20,819.00 which is just
It looks like the expenses may reflect the current priorities as decided by
the elected board of directors of TSA. Details of all the expenses as
reported to the Internal Revenue Service are listed below.
You take a look at them and they will be very interesting and informative to
every interested member.
TSA Functional Expenses for the year ending March 31, 2009
(From Form 990 filed with Internal Revenue Service)
Compensation for officers, 89,909.00 3.27%
directors, trustees, & key
Other Salaries & Wages 1,043,733.00 37.96%
Other employee benefits 180,684.00 6.57%
Fees for services
Accounting 128,200.00 4.66%
Other 64,989.00 2.36%
Advertising & Promotion 95,756.00 3.48%
Office Expenses 252,041.00 9.17%
Information technology 73,222.00 2.66%
Royalties 150,027.00 5.46%
Occupancy 262,581.00 9.55%
Travel 64,366.00 2.34%
Interest Expense 2,167.00 0.08%
Payment to affiliates 12,681.00 0.46%
Insurance 175,212.00 6.37%
Staff room and board 66,099.00 2.40%
Speakers/writers expense 21,114.00 0.77%
National fieldwork/training 20,819.00 0.76%
Miscellaneous 14,470.00 0.53%
Telephone 12,545.00 0.46%
All other expenses 18,639.00 0.68%
Total 2,749,254. 100.00%
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