Foundation For A Course In Miracles Inc
- Assets
- $6.9m
- Revenue
- $493.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Henderson, NV
- Founding
- 11/1983
- Data as of
- 12/2022
- EIN
- 13-3168245
Organization Overview
Foundation For A Course In Miracles Inc is located in Henderson, NV. The organization was established in 1983. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Foundation For A Course In Miracles Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For A Course In Miracles 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 12/2022, Foundation For A Course In Miracles Inc generated $493.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $686.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION HOLDS CLASSES AND WORKSHOPS AIMED AT HELPING STUDENTS OF A COURSE IN MIRACLES TO UNDERSTAND THE TEACHINGS OF FORGIVENESS, TO INTEGRATE ITS PRINCIPLES INTO THEIR LIVES, AND TO DEVELOP A BETTER RELATIONSHIP WITH THE HOLY SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HOLDS CLASSES AND WORKSHOPS AIMED AT HELPING STUDENTS OF A COURSE IN MIRACLES TO UNDERSTAND THE TEACHINGS OF FORGIVENESS, TO INTEGRATE ITS PRINCIPLES INTO THEIR LIVES, AND TO DEVELOP A BETTER RELATIONSHIP WITH THE HOLY SPIRIT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Salour President/tr | OfficerTrustee | 30 | $112,500 |
Mark Salour Secretary | OfficerTrustee | 5 | $37,327 |
Jean Boutin Director | Trustee | $0 | |
Alyssa Juskowitz Director | Trustee | $0 | |
Kevin Murphy Director | Trustee | $0 | |
Hannah Nakhshab Director | Trustee | $0 |
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 | $132,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,583 |
| Total Program Service Revenue | $30,919 |
| Investment income | $121,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $77,333 |
| Net Rental Income | -$10,529 |
| 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 | $141,011 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $493,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,756 |
| Compensation of current officers, directors, key employees. | $130,041 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,311 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,332 |
| Payroll taxes | $30,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $729 |
| Fees for services: Accounting | $14,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,981 |
| Fees for services: Other | $108,727 |
| Advertising and promotion | $140 |
| Office expenses | $23,618 |
| Information technology | $8,653 |
| Royalties | $0 |
| Occupancy | $23,150 |
| Travel | $1,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $427 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,532 |
| Insurance | $4,684 |
| All other expenses | $0 |
| Total functional expenses | $686,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $789 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $116,191 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $836,320 |
| Investments—publicly traded securities | $5,759,399 |
| Investments—other securities | $0 |
| Investments—program-related | $15,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,935,336 |
| Accounts payable and accrued expenses | $8,332 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,332 |
| Net assets without donor restrictions | $6,927,004 |
| Net assets with donor restrictions | $0 |
| 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 | $6,935,336 |