Maharishi International University
- Assets
- $69.3m
- Revenue
- $45.1m
- Investments
- $13.6m
- Employees
- 1,046
- Location
- Fairfield, IA
- Founding
- 07/1989
- Data as of
- 06/2020
- EIN
- 42-1315493
Organization Overview
Maharishi International University is located in Fairfield, IA. The organization was established in 1989. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Maharishi International University employed 1,046 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maharishi International University 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 06/2020, Maharishi International University generated $45.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $40.3m during the year ending 06/2020. While expenses have increased by 0.8% per year over the past 6 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.
Since 2015, Maharishi International University has awarded 51 individual grants totaling $4,849,872. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION USED TO DEVELOP EVERY STUDENT'S CREATIVE POTENTIAL THROUGH MAHARISHI'S CONSCIOUSNESS-BASED EDUCATION, THEREBY RAISING EVERY NATION TO INVINCIBILITY AND CREATING PEACE AND PROSPERITY FOR OUR WORLD FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES ACCREDITED POST SECONDARY EDUCATION TO APPROXIMATELY 2,818 STUDENTS INCLUDING BACHELOR'S DEGREES, MASTER'S DEGREES AND PHD'S IN ARTS, SCIENCES, BUSINESS AND HUMANITIES.
PROVIDES GRADE SCHOOL, GRADES 1 - 12, TO APPROXIMATELY 162 STUDENTS WHERE IT IDENTIFIES ESSENTIAL CONCEPTS AND SKILLS IN LITERACY, MATHEMATICS, SCIENCE, SOCIAL STUDIES, AND 21ST CENTURY SKILLS. ENHANCES STUDENT ENGAGEMENT BY EMPHASIZING INTEREST, ROBUST AND RELEVANT LEARNING EXPERIENCES. TAKES LEARNING TO A DEEPER LEVEL BY MOVING STUDENTS BEYOND SUPERFICIAL KNOWLEDGE TO DEEP CONCEPTUAL AND PROCEDURAL KNOWLEDGE. PROVIDES DIRECTION FOR TEACHERS REGARDING EFFECTIVE INSTRUCTION AND ASSESSMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John Hagelin President | OfficerTrustee | 30 | $125,768 |
Mr Michael Spivak Treasurer | Officer | 30 | $32,593 |
Dr Keith Wallace Trustee | Trustee | 30 | $11,750 |
Dr Carolyn King Trustee | Trustee | 0.5 | $5,400 |
Mr Jeffrey Abramson Trustee/chai | OfficerTrustee | 0.5 | $0 |
Dr Tom Stanley Trustee/vice | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Corporation Facility Mgmt | 6/29/21 | $2,407,762 |
Aladdin Food Management Service Food Service | 6/29/21 | $2,144,062 |
Jorge Alva Diaz Grounds/food Se | 6/29/21 | $173,470 |
Top Notch Cleaning Food Service/co | 6/29/21 | $327,258 |
Integrative Wellness Center Consultation | 6/29/21 | $171,015 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,263,167 |
| Investment income | $1,432,041 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $448,976 |
| Net Gain/Loss on Asset Sales | $58,354 |
| Net Income from Fundraising Events | $78,742 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,680 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,057,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,649,579 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $384,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,180,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,067,015 |
| Payroll taxes | $910,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $150,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,242,091 |
| Advertising and promotion | $1,483,416 |
| Office expenses | $160,697 |
| Information technology | $72,297 |
| Royalties | $0 |
| Occupancy | $3,701,020 |
| Travel | $194,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $710,815 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,947,645 |
| Insurance | $1,058,739 |
| All other expenses | $0 |
| Total functional expenses | $40,276,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,708,314 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $537,873 |
| Accounts receivable, net | $16,708,496 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,515,146 |
| Inventories for sale or use | $218,659 |
| Prepaid expenses and deferred charges | $301,119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,618,752 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,229,084 |
| Total assets | $69,257,233 |
| Accounts payable and accrued expenses | $2,779,212 |
| Grants payable | $0 |
| Deferred revenue | $833,036 |
| Tax-exempt bond liabilities | $7,753,224 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,933,496 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,467,133 |
| Total liabilities | $26,766,101 |
| 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 |
| Total liabilities and net assets/fund balances | $42,491,132 |
Grants Awarded
Over the last fiscal year, Maharishi International University has awarded $438,168 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfield, IA PURPOSE: CONSC.-BASED EDUCATI | $253,389 |
Romney, WV PURPOSE: RESEARCH IN CONSCIOU | $135,000 |
Livingston Manor, NY PURPOSE: RESEARCH IN CONSCIOU | $31,939 |
Fairfield, IA PURPOSE: CONSC. BASED EDUCATI | $10,140 |
Fairfield, IA PURPOSE: COMMUNITY EDUCATION | $7,700 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maharishi International University has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Shamrock Foods Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $10,041,000 |
| Earnings | $859,000 |
| Net Contributions | $937,000 |
| Other Expense | $330,000 |
| Ending Balance | $11,507,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National-Louis University Wheeling, IL | $128,972,894 | $126,590,535 |
Carthage College Kenosha, WI | $408,772,143 | $125,157,339 |
Saint Xavier University Chicago, IL | $126,945,077 | $117,823,501 |
Saint Johns University Collegeville, MN | $539,721,260 | $137,542,573 |
Rockhurst University Kansas City, MO | $176,706,478 | $126,555,115 |
Trustees Of The Hamline University Of Minnesota St Paul, MN | $258,196,075 | $118,390,066 |
Dominican University River Forest, IL | $154,609,403 | $111,703,155 |
St Ambrose University Davenport, IA | $330,550,712 | $111,513,726 |
St Marys University Of Minnesota Winona, MN | $202,355,583 | $108,114,364 |
Benedictine University Lisle, IL | $178,325,344 | $99,425,882 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |