Meher Spiritual Center Inc
- Assets
- $17.2m
- Revenue
- $3.1m
- Investments
- $6.4m
- Employees
- 32
- Location
- Myrtle Beach, SC
- Founding
- 04/1962
- Data as of
- 12/2021
- EIN
- 57-0422620
Organization Overview
Meher Spiritual Center Inc is located in Myrtle Beach, SC. The organization was established in 1962. 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 12/2021, Meher Spiritual Center Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meher Spiritual Center 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 12/2021, Meher Spiritual Center Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 5.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN A SPIRITUAL RETREAT FOR REST, MEDITATION AND RENEWAL OF SPIRITUAL LIFE.
Describe the Organization's Program Activity:
THE CENTER OPERATES A NONSECTARIAN SPIRITUAL RETREAT DEDICATED TO THE TEACHINGS OF THE LATE MEHER BABA. DUE TO THE EFFECTS OF COVID-19, THE CENTER WAS OPEN ONLY TO DAY VISITORS FROM JANUARY TO SEPTEMBER 30, 2021 AND REOPENED FOR OVERNIGHT VISITORS IN OCTOBER 2021. NORMALLY, APPROXIMATELY 3,000 OVERNIGHT VISITORS ANNUALLY COME TO THE CENTER FOR REST, CONTEMPLATION AND RENEWAL OF THE SPIRITUAL LIFE (IN 2021, THERE WERE 656 OVERNIGHT VISITORS). THEY STAY FOR UP TO TWO WEEKS IN SIMPLE RUSTIC CABINS, SURROUNDED BY THE TRANQUIL NATURAL BEAUTY OF THE ENVIRONMENT. A LIBRARY AND MEETING ROOM ARE MAINTAINED AND DEVOTIONAL PROGRAMS ARE OFFERED. IN 2021, THERE WERE 8,395 DAY VISITORS WHO ENJOYED THE CENTER'S ATMOSPHERE AND PARTICIPATED IN DAY AND EVENING ACTIVITIES. NORMALLY OVER 30,000 DAY VISITORS PARTICIPATE. A YOUTH RETREAT PROGRAM IS OFFERED ANNUALLY FOR ONE WEEK IN THE SUMMER, INVOLVING APPROXIMATELY 55 HIGH SCHOOL STUDENTS AND 60 YOUNG ADULTS, ALONG WITH 25 STAFF PROVIDING A WIDE RANGE OF DEVOTIONAL AND CREATIVE ACTIVITIES. FUNDING IS PROVIDED FOR EMERGENCY AID TO 30 NEEDY FAMILIES, AND CONTRIBUTIONS THAT SUPPORT OTHER SERVICE PROGRAMS IN THE MYRTLE BEACH COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward H Connor Executive Director | Officer | 40 | $80,100 |
Bruce Felknor Treasurer | OfficerTrustee | 5 | $0 |
Ananda Jones Secretary | OfficerTrustee | 5 | $0 |
Bob Ahrens Presiding Officer | OfficerTrustee | 5 | $0 |
Anna Lena Phillips Director | Trustee | 5 | $0 |
Annie Lawn Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $165,429 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,088,561 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,253,990 |
| Total Program Service Revenue | $60,949 |
| Investment income | $626,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,365 |
| Net Gain/Loss on Asset Sales | $37,130 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,142,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,453 |
| 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. | $92,709 |
| Compensation of current officers, directors, key employees. | $19,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $771,660 |
| Pension plan accruals and contributions | $39,838 |
| Other employee benefits | $0 |
| Payroll taxes | $64,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,016 |
| Fees for services: Accounting | $16,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,441 |
| Fees for services: Other | $5,625 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,474 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,602 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $274,194 |
| All other expenses | $163,671 |
| Total functional expenses | $1,805,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,868 |
| Savings and temporary cash investments | $3,299,145 |
| 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 | $2,013,647 |
| Investments—publicly traded securities | $5,046,205 |
| Investments—other securities | $6,449,282 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,150,147 |
| Accounts payable and accrued expenses | $19,091 |
| 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 | $231,917 |
| Total liabilities | $251,008 |
| 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 | $16,899,139 |
| Total liabilities and net assets/fund balances | $17,150,147 |
Grants Awarded
Over the last fiscal year, Meher Spiritual Center Inc has awarded $21,847 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Myrtle Beach, SC PURPOSE: ASSISTANCE TO THE RACEPATH COMMUNITY, A CRIME PRONE AND NEEDY AREA OF MYRTLE BEACH, SC | $21,747 |
Pawleys Island, SC PURPOSE: EDUCATE AND ADVOCATE FOR THE RESPONSIBLE USE OF NATURAL RESOURCES. | $100 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Meher Spiritual Center Inc has recieved totaling $77,094.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $27,530 |
Avatar Meher Baba Foundation Inc Bolton, CT PURPOSE: OPERATING EXPENSES | $20,000 |
United Charitable Ashburn, VA PURPOSE: MAINTAIN A SPIRITUAL RETREAT FOR REST, MEDITATION, AND RENEWAL OF SPIRITUAL LIFE | $12,700 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $10,600 |
New Life Foundation Milwaukee, WI PURPOSE: UNRESTRICTED GRANT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,264 |
Endowment Analysis
| Beg. Balance | $6,419,174 |
| Earnings | $520,694 |
| Admin Expense | $39,441 |
| Net Contributions | $728,948 |
| Other Expense | $12,369 |
| Ending Balance | $7,617,006 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corporate Chaplains Of America Inc Wake Forest, NC | $14,993,771 | $19,711,827 |
Lake Junaluska Assembly Inc Lake Junaluska, NC | $31,377,440 | $12,754,761 |
Holy Angels Inc Belmont, NC | $12,927,862 | $9,334,354 |
Impact 360 Institute Inc Atlanta, GA | $4,530,260 | $9,934,364 |
Proverbs 31 Ministry Inc Matthews, NC | $13,247,275 | $7,018,606 |
Buckhead Christian Ministry Inc Atlanta, GA | $4,936,507 | $4,578,885 |
Lsa Elms At Tanglewood Inc Salisbury, NC | $5,908,421 | $4,986,081 |
Repairers Of The Breach Inc Goldsboro, NC | $11,539,240 | $12,587,715 |
The Church Initiative Inc Wake Forest, NC | $4,823,677 | $3,131,625 |
North Georgia Camp And Retreat Ministries Inc Dahlonega, GA | $18,005,770 | $6,432,475 |
Positive Growth Inc Clarkston, GA | $2,300,223 | $3,242,326 |
Robert Toombs Christian Academy Inc Lyons, GA | $1,791,394 | $2,530,750 |