Heartfulness Institute
- Assets
- $4.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- San Ramon, CA
- Founding
- 07/2016
- Data as of
- 12/2022
- EIN
- 81-1750608
Organization Overview
Heartfulness Institute is located in San Ramon, CA. The organization was established in 2016. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartfulness Institute 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 12/2022, Heartfulness Institute generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $634.2k during the year ending 12/2022. While expenses have increased by 3.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN ACTIVITIES THAT FURTHER THE MESSAGE OF SPIRITUALITY, MEDITATION AND RELATED LIFESTYLE CHOICES, INCLUDING EDUCATION, WELLNESS RESEARCH AND TRAINING, AS PRACTICED BY THE ADHERENTS TO THE PRINCIPLES AND TEACHINGS OF THE SAHAJ MARG SYSTEM OF RAJA YOGA MEDITATION.TO COLLABORATE & ENGAGE IN ACTIVITIES WITH SIMILAR ORGANIZATIONS AND PROMOTE EVENTS THAT FURTHER WELLNESS AND HEARTFULNESS. ORGANIZE CONVENTIONS & TRAINING PROGRAMS AND ENGAGE IN ALL LAWFUL ACTIVITIES INCIDENTAL TO FOREGOING PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEARTFULNESS RELAXATION AND MEDITATION PROGRAMS WERE OFFERED AS PART OF CORPORATE WELLNESS PROGRAMS. VARIOUS WELLNESS EVENTS AND CONSCIOUS LIVING WORKSHOPS AT HEARTFULNESS CENTERS, SCHOOLS, AND COMMUNITY CENTERS AS WELL AS IN YOGA CENTERS WITH SIMILAR PURPOSE OF PROMOTING WELLNESS. ORACLE, BLUE CROSS BLUE SHIELD, DOMINION ENERGY, CITIBANK, AMAZON, GOOGLE, AND MICROSOFT ARE SOME OF THE ORGANIZATIONS THAT AVAILED OF OUR PROGRAM. IN 2022, ALL EVENTS WERE HELD VIRTUALLY ON SOCIAL MEDIA PLATFORMS. DIGITAL CLASSES, DIGITAL JOURNALS, AND VIDEO SUBSCRIPTIONS ARE OFFERED ONLINE.HEARTFULNESS RELAXATION, MEDIATION AND REJUVENATION PROGRAMS WERE OFFERED TO SEVERAL CORPORATES DURING COVID. OVER 250 CORPORATIONS NATIONWIDE AVAILED OF THESE FREE WEBINARS AND INTRODUCTORY SESSIONS. ADDITIONALLY SESSIONS WERE CONDUCTED FOR SCHOOLS AND COMMUNITY CENTERS ALSO VIA WEBINARS FOR STRESS RELIEF AND RELAXATION. GRANTS WERE ALSO PROVIDED IN ADDITION TO THE TRAINING FOR COVID ASSISTANCE TO THE FREMONT POLICE DEPARTMENT ALONG WITH MANY OTHER ORGANIZATIONS THAT ARE ASSOCIATED WITH SCHOOLS, WELLNESS AND COVID RELIEF PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Varadarajan Kannan President | Officer | 15 | $0 |
Balaji Iyer Vice President | Officer | 15 | $0 |
Narendra Kini Secretary | Officer | 30 | $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 | $1,237,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,237,566 |
| Total Program Service Revenue | $96,020 |
| Investment income | $43,292 |
| 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 | $1,376,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $156,184 |
| 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 | $7,159 |
| Fees for services: Accounting | $13,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $164,701 |
| Office expenses | $9,894 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,813 |
| Travel | $0 |
| 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 | $25,878 |
| All other expenses | $58,085 |
| Total functional expenses | $634,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,863,381 |
| Savings and temporary cash investments | $2,903,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,183 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,092 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,141 |
| Total assets | $4,874,330 |
| Accounts payable and accrued expenses | $95,199 |
| Grants payable | $100,000 |
| 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 | $2,526 |
| Total liabilities | $197,725 |
| Net assets without donor restrictions | $4,616,605 |
| Net assets with donor restrictions | $60,000 |
| 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 | $4,874,330 |
Grants Awarded
Over the last fiscal year, Heartfulness Institute has awarded $156,184 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BLANKETS OF HOPE PURPOSE: BLANKETS FOR PEOPLE IN NEED | $6,184 |
UC SAN DIEGO FOUNDATION PURPOSE: RESEARCH PROJECT SUPPORT | $150,000 |