Global Capital Of World Peace
- Assets
- $14.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 22
- Location
- Romney, WV
- Founding
- 07/2010
- Data as of
- 12/2023
- EIN
- 27-1003036
Organization Overview
Global Capital Of World Peace is located in Romney, WV. The organization was established in 2010. According to its NTEE Classification (Q40) the organization is classified as: International Peace & Security, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Global Capital Of World Peace employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Capital Of World Peace 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, Global Capital Of World Peace generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GCWPI IS ORGANIZED TO PROVIDE PROGRAMS THAT HELP ESTABLISH WORLD PEACE. GCWPI WILL DO THIS PRIMARILY BY SUPPORTING THE BUILDING AND OPERATING OF RESIDENTIAL MEDITATION FACILITIES TO HOUSE AND SUSTAIN "WORLD PEACE PROFESSIONALS" TO ENGAGE IN DAILY PRACTICE OF MAHARISHI VEDIC SCIENCE AND TECHNOLOGY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GCWPI PROVIDED HOUSING AND FOOD SERVICES FOR 68 FULL-TIME WORLD PEACE PROFESSIONALS TO SUSTAIN THE DAILY GROUP PRACTICE OF MAHARISHI VEDIC SCIENCE AND TECHNOLOGY PROGRAMS. GCWPI ALSO PROVIDED HOUSING AND FOOD SERVICES FOR 214 TEMPORARY VISITING WORLD PEACE PROFESSIONALS TO SUSTAIN THE DAILY GROUP PRACTICE OF MAHARISHI VEDIC SCIENCE AND TECHNOLOGY PROGRAMS AND MAHARISHI VEDIC SCIENCE EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Crosson Treasurer | Officer | 40 | $2,400 |
Bevan Morris Director | Trustee | 0.25 | $0 |
Howard Chandler Director | Trustee | 2 | $0 |
Rafael David Director | Trustee | 0.25 | $0 |
John Black Director | Trustee | 0.25 | $0 |
Robert Lopinto President | OfficerTrustee | 0.25 | $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 | $1,110,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,110,495 |
| Total Program Service Revenue | $0 |
| Investment income | $85 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $1,110,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $2,400 |
| Compensation of current officers, directors, key employees. | $800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,003 |
| Payroll taxes | $11,804 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,572 |
| Information technology | $10,099 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,797 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $485,363 |
| Insurance | $62,539 |
| All other expenses | $0 |
| Total functional expenses | $1,343,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,008 |
| Savings and temporary cash investments | $12,340 |
| 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 | $23,762 |
| Net Land, buildings, and equipment | $13,373,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,250,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,732,091 |
| Accounts payable and accrued expenses | $89,503 |
| 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 | $1,004,000 |
| Unsecured mortgages and notes payable | $2,500 |
| Other liabilities | $0 |
| Total liabilities | $1,096,003 |
| 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 | $13,636,088 |
| Total liabilities and net assets/fund balances | $14,732,091 |