Shree Maharishi Bhrigu Ashram
- Assets
- $5.1m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Trabuco Canyon, CA
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-0402876
Organization Overview
Shree Maharishi Bhrigu Ashram is located in Trabuco Canyon, CA. The organization was established in 2009. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shree Maharishi Bhrigu Ashram 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 12/2021, Shree Maharishi Bhrigu Ashram generated $5.0m in total revenue. All expenses for the organization totaled $132.6k during the year ending 12/2021. While expenses have increased by 14.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE RESPONSE TO FORM 990, PART I, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHREE MAHARISHI BHRIGU ASHRAM OPERATES A MEDITATION CENTER IN TRABUCO CANYON, CALIFORNIA. GROUP MEDITATIONS ARE REGULARLY PERFORMED AT THE CENTER TO HELP CALM THE MIND, IMPROVE HEALTH, AND OVERALL IMPROVE THE LIVES OF MANY. THE NUMBER OF SESSIONS ARE PROJECTED TO INCREASE MORE IN THE COMING YEARS THAT WILL BENEFIT THE COMMUNITY TREMENDOUSLY.
SHREE MAHARISHI BHRIGU ASHRAM REGULARLY FACILITIATES DIVINE PROGRAMS, INCLUDING MEDITATION RETREATS, THAT INITIATE FOLKS INTO THE MEDITATIVE PRACTICE THROUGHOUT USA AND ABROAD. THIS IS EXPECTED TO INCREASE A LOT IN THE COMING YEARS.
IN NOVEMBER OF 2021, SHREE MAHARISHI BHRIGU ASHRAM MADE TWO SIGNIFICANT REAL PROPERTY PURCHASES AS FOLLOWS: (1) 5.1 ACRES OF LAND, BUILDINGS, AND IMPROVEMENTS LOCATED AT 19701 LIVE OAK CANYON ROAD, TRABUCO CANYON, CA 92679 AND (2) 0.45 ACRES OF LAND LOCATED AT 30271 CANYON CREEK, TRABUCO CANYON, CA 92679. THE LIVE OAK CANYON PROPERTY OPERATES AS A MEDITATION CENTER. ON THE CANYON CREEK PROPERTY, THE ASHRAM ENVISIONS CONSTRUCTING FACILITIES TO SERVE MULTI-DAY RETREATS AS WELL AS A CHARITABLE FOOD PANTRY AND COMMUNITY DINING AREA. ACQUISITION-RELATED EXPENSES ARE CAPITALIZED AND REFLECTED ON THE BALANCE SHEET IN PART X AND SCHEDULE D, PART VI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanjay Aggarwal President | OfficerTrustee | 40 | $0 |
Chandrima Aggarwal Treasurer | OfficerTrustee | 40 | $0 |
Chander M Kakkar Secretary | OfficerTrustee | 20 | $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 | $4,976,076 |
| Noncash contributions included in lines 1a–1f | $3,683,503 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,976,076 |
| Total Program Service Revenue | $0 |
| Investment income | $269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,981,890 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,499 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,418 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,340 |
| Travel | $27,627 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,253 |
| All other expenses | $913 |
| Total functional expenses | $132,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,578 |
| Savings and temporary cash investments | $2,436,058 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,243,830 |
| Investments—publicly traded securities | $276,984 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $5,050,450 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $5,050,450 |
| Total liabilities and net assets/fund balances | $5,050,450 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shree Maharishi Bhrigu Ashram has recieved totaling $15,760.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,760 |
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|---|---|---|
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Alliance For Housing And Healing Los Angeles, CA | $3,099,540 | $10,429,736 |
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Associated Builders & Contractors Of Southern California Anaheim, CA | $3,214,682 | $4,513,844 |
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