Maharishi Foundation Usa Inc
- Assets
- $15.4m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 143
- Location
- Fairfield, IA
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 04-3196447
Organization Overview
Maharishi Foundation Usa Inc is located in Fairfield, IA. The organization was established in 1993. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 12/2023, Maharishi Foundation USA Inc employed 143 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Maharishi Foundation USA Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Maharishi Foundation USA Inc generated $14.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $14.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Maharishi Foundation USA Inc has awarded 48 individual grants totaling $6,275,080. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING TRANSCENDENTAL MEDITATION TO 16,640 PEOPLE THROUGHOUT THE UNITED STATES IN VENUES OPEN TO THE GENERAL PUBLIC. TRANSCENDENTAL MEDITATION AND CONSCIOUSNESS BASED EDUCATION WAS TAUGHT TO 2,189 STUDENTS, IN PUBLIC AND PRIVATE SCHOOL SETTINGS. IT ALSO WAS TAUGHT TO VETERANS AND OTHERS WITH PTSD. GRANT FUNDING WAS INCLUDED IN THE EXPENSES OF THIS PROGRAM TO ACCOMMODATE MORE INDIVIDUALS. PARTICIPANTS OF 1,676 ENROLLED IN THE ADVANCED PROGRAMS OF TRANCENDENTAL MEDITATION. THE PROGRAM WAS PREDOMINANTLY TAUGHT BY TRAVELING EXPERT FACULTY WHO VISITED CITIES ALL OVER THE U.S.
IN-RESIDENCE PROGRAM FOR MAHARISHI VEDIC EXPERTS FUNDED BY DONATIONS. ADDITIONALLY, IN-RESIDENCE PROGRAM FOR AN AVERAGE OF 65 PRACTIONERS OF THE TM-SIDHIS, PARTICIPATING IN GROUP COHERENCE CREATING PROGRAMS.
AVERAGE OF 40 PRACTIONERS OF THE TM-SIDHIS TECHNIQUES, PARTICIPATING IN DAILY ASSEMBLIES OF GROUP COHERENCE CREATING PROGRAMS. GRANT FUNDING IS INCLUDED IN THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John Hagelin CEO & Director | OfficerTrustee | 35 | $78,000 |
Leonard Hintz Director & COO | OfficerTrustee | 40 | $72,000 |
Gary Korf CFO & Treasurer | Officer | 40 | $41,700 |
Michael Lackman Cto | Officer | 0.25 | $38,400 |
Dr Bevan G Morris President & Director | OfficerTrustee | 1 | $0 |
Tom Factor Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joshua Liteky Teacher | 12/30/23 | $120,914 |
Jamie Grant Teacher | 12/30/23 | $111,304 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,587,548 |
| Noncash contributions included in lines 1a–1f | $2,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,587,548 |
| Total Program Service Revenue | $12,161,336 |
| Investment income | $185,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $846 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,393,869 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $700,005 |
| Grants and other assistance to domestic individuals. | $149,819 |
| Grants and other assistance to Foreign Orgs/Individuals | $945,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $230,100 |
| Compensation of current officers, directors, key employees. | $130,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,613,650 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $215,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,464 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,595,607 |
| Advertising and promotion | $1,698,649 |
| Office expenses | $458,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,837,676 |
| Travel | $301,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,811 |
| Interest | $133,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214,880 |
| Insurance | $195,032 |
| All other expenses | $0 |
| Total functional expenses | $14,780,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,620 |
| Savings and temporary cash investments | $6,068,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,311,470 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $384,099 |
| Net Land, buildings, and equipment | $3,286,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,190,493 |
| Total assets | $15,436,117 |
| Accounts payable and accrued expenses | $765,860 |
| Grants payable | $0 |
| Deferred revenue | $7,572 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,921,606 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,051,128 |
| Total liabilities | $4,746,166 |
| Net assets without donor restrictions | $8,742,291 |
| Net assets with donor restrictions | $1,947,660 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,436,117 |
Grants Awarded
Over the last fiscal year, Maharishi Foundation Usa Inc has awarded $700,005 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MAHARISHI SCHOOL PURPOSE: GENERAL SUPPORT | $56,300 |
RAAM RAJ FOUNDATION PURPOSE: general support | $164,080 |
BRAHMANANDA SARASWATI YAGYA FOUNDATION PURPOSE: GENERAL SUPPORT | $12,625 |
MAHARISHI FOUNDATION INTERNATIONAL PURPOSE: GENERAL SUPPORT | $467,000 |