Blissful Life Foundation
- Assets
- $4.4m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Fairfield, IA
- Founding
- 11/2018
- Data as of
- 12/2021
- EIN
- 83-1773393
Organization Overview
Blissful Life Foundation is located in Fairfield, IA. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Blissful Life Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blissful Life 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 12/2021, Blissful Life Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 72.4% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSCENDENTAL MEDITATION DIGITAL COURSE
COMMUNITY APP FEATURES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Factor President; Board Member | OfficerTrustee | 40 | $0 |
Steve Berson Secretary, General Counsel | OfficerTrustee | 30 | $0 |
Robert Lopinto Cfo; Board Member | OfficerTrustee | 5 | $0 |
Carla Berkers Board Member | OfficerTrustee | 32 | $0 |
Robert Cohn Treasurer | Officer | 16 | $0 |
Aalok Shrivastava Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Made Thought Design Ltd Coutts Branding | 12/30/21 | $170,152 |
Steffen Irrgang Engineering Advisory | 12/30/21 | $162,305 |
Andre Anaya Programming | 12/30/21 | $119,883 |
M Stelmach Ltd Project Management | 12/30/21 | $117,358 |
Kieron Faller Hr Management | 12/30/21 | $100,467 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $890,000 |
| Government grants | $44,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,153,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,088,610 |
| Total Program Service Revenue | $119,015 |
| Investment income | $231 |
| 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 | $3,208,620 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $632,307 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,385 |
| Payroll taxes | $51,690 |
| Fees for services: Management | $93,676 |
| Fees for services: Legal | $1,249 |
| Fees for services: Accounting | $32,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,841,002 |
| Advertising and promotion | $0 |
| Office expenses | $34,601 |
| Information technology | $57,490 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $540 |
| 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 | $369,704 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,159,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,849 |
| Savings and temporary cash investments | $749,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,441 |
| 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 | $16,185 |
| Net Land, buildings, and equipment | $3,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,322,848 |
| Other assets | $0 |
| Total assets | $4,447,830 |
| Accounts payable and accrued expenses | $238,767 |
| 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 | $1,250,000 |
| Other liabilities | $0 |
| Total liabilities | $1,488,767 |
| Net assets without donor restrictions | $2,959,063 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,447,830 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Blissful Life Foundation has recieved totaling $970,000.
| Awarding Organization | Amount |
|---|---|
Brahmananda Saraswati Foundation Fairfield, IA PURPOSE: SEE PART IV | $670,000 |
Raam Raj Foundation Fairfield, IA PURPOSE: support | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Resources Development Institute Inc Chicago, IL | $14,371,854 | $24,270,043 |
Catholic Charities Of The Diocese Of St Cloud St Cloud, MN | $15,523,133 | $20,074,695 |
Assyrian National Council Of Illinois Chicago, IL | $17,237,581 | $21,046,154 |
Mid Sioux Opportunity Inc Remsen, IA | $5,070,371 | $19,629,808 |
Anoka County Community Action Program Inc Blaine, MN | $29,951,752 | $19,161,857 |
Casa Central Social Services Corporation Chicago, IL | $9,927,456 | $19,199,758 |
Central Missouri Community Action Columbia, MO | $7,094,173 | $19,692,460 |
Scott-Carver-Dakota Cap Agency Inc Shakopee, MN | $7,282,978 | $17,833,370 |
Canvas Health Inc Oakdale, MN | $11,355,158 | $16,271,120 |
Loaves & Fishes Community Services Naperville, IL | $11,205,502 | $18,895,989 |
Semcac Inc Rushford, MN | $7,911,283 | $16,344,124 |
Chaddock Quincy, IL | $570,922 | $15,390,482 |