Brahmananda Saraswati Foundation
- Assets
- $83.8m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Fairfield, IA
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-2986750
Organization Overview
Brahmananda Saraswati Foundation is located in Fairfield, IA. The organization was established in 2009. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Brahmananda Saraswati Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brahmananda Saraswati Foundation 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, Brahmananda Saraswati Foundation generated $10.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $16.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Brahmananda Saraswati Foundation has awarded 33 individual grants totaling $13,638,171. 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
TO SECURE PEACE, AFFLUENCE AND INVINCIBILITY FOR LIFE EVERYWHERE ON EARTH BY PROVIDING PERPETUAL SUPPORT FOR LARGE GROUPS PRACTICING TRANSCENDENTAL MEDITATION AND ITS ADVANCED TECHNIQUES, ESPECIALLY LARGE GROUPS OF MAHARISHI VEDIC PANDITS WHO ALSO OFFER SPECIAL VEDIC PERFORMANCES FOR THE WELFARE OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ASSIST IN SUPPORTING LIVING EXPENSES OF OVER 5,000 VEDIC PANDITS IN MORE THAN 70 LOCATIONS THROUGHOUT INDIA AND NEPAL. THE GRANTS TO INDIA AND NEPAL ARE ONLY A PORTION OF THE CONTRIBUTIONS COLLECTED TO CREATE WORLD PEACE.
GRANTS TO ASSIST NON-PROFIT ORGANIZATIONS AROUND THE WORLD WITH GOALS SIMILAR TO THOSE OF BRAHMANANDA SARASWATI FOUNDATION. THESE GRANTS PROVIDE EXPANDED, BROAD-BASED SUPPORT FOR BSF'S EDUCATIONAL AND CHARITABLE MISSION TO PROMOTE WORLD PEACE THROUGH THE PRACTICE OF THE VEDIC PANDITS AND OTHER COHERENCE CREATING GROUPS. THE PRACTICE OF THESE GROUPS BRINGS AN INFLUENCE OF PEACE, COHERENCE, AND AFFLUENCE IN THE COLLECTIVE CONSCIOUSNESS FOR THE WHOLE WORLD POPULATION.
IN-RESIDENCE COURSES HELD AT THE BRAHMASTHAN OF INDIA PROVIDED OVER 500 PARTICIPANTS FROM 60 DIFFERENT COUNTRIES THE OPPORTUNITY TO EXPERIENCE THE TANGIBLE INFLUENCE OF THE VEDIC PANDITS. THESE COURSES ALSO INCLUDED KNOWLEDGE LECTURES OF VEDIC SCIENCE AS WELL AS PRESENTATIONS ON THE SCIENTIFIC RESEARCH DONE ON THE INDIVIDUAL AND GROUP PRACTICE OF TRANSCENDENTAL MEDITATION. AS A RESULT OF THESE COURSES, BRAHMANANDA SARASWATI FOUNDATION EXPECTS EXPANDED AWARENESS OF THE UNIQUE VALUE OF ITS MISSION AND HOPES FOR ADDED SUPPORT. COURSES IN BIJAURI BEGAN AGAIN IN OCTOBER 2023 AFTER A SEVERAL YEAR BREAK DUE TO COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Harris Kaplan CEO | OfficerTrustee | 30 | $0 |
Dr Bevan Morris Chairman | OfficerTrustee | 0.3 | $0 |
Dr Robert Lopinto Treasurer | OfficerTrustee | 0.3 | $0 |
Leonard Goldman Assistant Se | Officer | 0.3 | $0 |
Dr Neil Paterson Director | Trustee | 0.3 | $0 |
Jeannie Rose CFO & Secret | Officer | 40 | $48,000 |
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 | $9,592,343 |
| Noncash contributions included in lines 1a–1f | $1,662,891 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,592,343 |
| Total Program Service Revenue | $298,216 |
| Investment income | $1,769,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,530 |
| Net Rental Income | $383,020 |
| Net Gain/Loss on Asset Sales | -$1,305,848 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,836,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,384,602 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $11,165,915 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,014 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $174,338 |
| Fees for services: Other | $239,011 |
| Advertising and promotion | $0 |
| Office expenses | $98,429 |
| Information technology | $136,908 |
| Royalties | $0 |
| Occupancy | $147,365 |
| Travel | $6,908 |
| 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 | $222,429 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,902,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $538,724 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,866 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,522,102 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $57,445 |
| Net Land, buildings, and equipment | $34,628,486 |
| Investments—publicly traded securities | $46,918,359 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $94,734 |
| Other assets | $0 |
| Total assets | $83,839,716 |
| Accounts payable and accrued expenses | $131,627 |
| Grants payable | $0 |
| Deferred revenue | $147,231 |
| 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 | $278,858 |
| Net assets without donor restrictions | $65,421,848 |
| Net assets with donor restrictions | $18,139,010 |
| 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 | $83,839,716 |
Grants Awarded
Over the last fiscal year, Brahmananda Saraswati Foundation has awarded $4,384,602 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MAHARISHI FOUNDATION USA INC PURPOSE: SEE PART IV | $45,800 |
GLOBAL COUNTRY OF WORLD PEACE PURPOSE: SEE PART IV | $1,014,802 |
BRAHMANANDA SARASWATI YAGYA FOUNDAT PURPOSE: SEE PART IV | $8,000 |
MAHARISHI FOUNDATION INTERNATIONAL PURPOSE: SEE PART IV | $3,310,000 |
INSTITUE FOR EXCELLENCE IN AFRICA PURPOSE: SEE PART IV | $6,000 |