2015 Financial Statements
Edgar Cayce's Association for Research and Enlightenment, Inc. (A.R.E.) is a nonprofit, tax-exempt 501(c)(3) corporation funded primarily by the generosity of our members. We strive to use our funds as efficiently as possible, illustrated by the fact that 86.1% of our operating expenses went directly to program services while 6.0% went to support services and 7.8% to fundraising.
The year included a number of very positive changes that will continue to impact the growth and health of the Cayce organizations in the years ahead.
In terms of how members have helped the organization financially, the 2015 results include:
- Approximately 4,000 members donate to us each year
- 531 Golden Circle members donate $1,000 or more each year
- Nearly 500 people are in our Good Karma Club (donating $20 or more each month)
- Nearly 350 people have included us in their wills and estate plans, becoming members of the Edgar Cayce Legacy Society
In addition to funds raised for our various programs and initiatives, over $1 million was raised for renovations to our Virginia Beach Visitor Center and another $100,000+ to rebuild our Camp Dining Hall (included in the charts’ revenues but not expenses since they will happen in 2016).
|Fees and Tuition
**Please Note: Over $1 million was raised for renovations to our Virginia Beach Visitor Center and another $100,000+ to rebuild our Camp Dining Hall. These funds were raised in 2015 but will be spent on renovations in 2016.
*Independently audited financials.
Note: Sales are net of cost of goods rather than gross sales.