The Prem Rawat Foundation
- Assets
- $4.5m
- Revenue
- $3.3m
- Investments
- $155.1k
- Employees
- 6
- Location
- Los Angeles, CA
- Founding
- 10/2002
- Data as of
- 12/2023
- EIN
- 91-2166236
Organization Overview
The Prem Rawat Foundation is located in Los Angeles, CA. The organization was established in 2002. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Prem Rawat Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prem Rawat 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 12/2023, Prem Rawat Foundation generated $3.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PREM RAWAT FOUNDATION ADDRESSES THE FUNDAMENTAL HUMAN NEEDS OF FOOD, WATER AND PEACE SO THAT PEOPLE CAN LIVE WITH DIGNITY, PEACE AND PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEACE EDUCATION PROGRAM THE PEACE EDUCATION PROGRAM IS AN EDUCATIONAL PROGRAM DESIGNED AND OPERATED BY THE FOUNDATION TO HELP PEOPLE DISCOVER THEIR OWN INNER RESOURCES AND THE POSSIBILITY OF PERSONAL PEACE. THIS MULTIMEDIA PROGRAM CONSISTS OF 10 SESSIONS, EACH FOCUSING ON A PARTICULAR THEME. THESE CUSTOMIZED, INTERACTIVE WORKSHOPS ARE NON-RELIGIOUS AND NON-SECTARIAN. THE CONTENT OF EACH THEME IS BASED ON EXCEPTS FROM PREM RAWATS INTERNATIONAL TALKS. THE THEMES ARE PEACE, APPRECIATION, INNER STRENGTH, SELF-AWARENESS, CLARITY, UNDERSTANDING, DIGNITY, CHOICE, HOPE AND CONTENTMENT. THE PROGRAM WAS FIRST OFFERED IN 2012 AND HAS BEEN PRESENTED IN OVER 80 COUNTRIES. IN 2023, 2,848 WORKSHOPS WERE HELD THAT REACHED 111,106 PARTICIPANTS, BOTH IN-PERSON AND VIRTUAL. THE FOUNDATION ALSO PRODUCES A NUMBER OF MEDIA AND ONLINE MATERIALS BASED ON PREM RAWATS ADDRESSES, IN ADDITION TO COURSE MATERIAL FOR ITS PEACE EDUCATION PROGRAM. THE FOUNDATION ALSO SPONSORS AND SUPPORTS PEACE FORUMS WHERE PREM RAWAT IS A KEYNOTE SPEAKER AT UNIVERSITIES, NON-GOVERNMENTAL ORGANIZATIONS AND VARIOUS OTHER MEETINGS.
PEACE INITIATIVES $704,514 PEACE PROGRAMS, VENUES, OUTREACH AND MEDIA DEVELOPMENT WITH RESEARCH & DEVELOPMENT
HUMANITARIAN AID IN 2023 INCLUDED 8 GRANTS TOTALING $566,766 THE FOUNDATION PROVIDES ESSENTIAL FOOD, WATER, MEDICAL CARE AND AND OTHER AID TO HELP PEOPLE RECOVER FROM NATURAL DISASTERS AND OTHER EMERGENCIES. IN 2023, TPRF GAVE 8 GRANTS THAT INCLUDED PROVIDING AID, SHELTER AND FOOD TO VULNERABLE PEOPLE AFFECTED BY THE EARTHQUAKES IN TURKEY, SYRIA AND MOROCCO, AS WELL AS PROVIDING FOOD FOR REFUGEES AND IMMIGRANTS IN BRAZIL, AND FOOD FOR NEEDY CHILDREN IN DURBAN, SOUTH AFRICA.
FOOD FOR PEOPLE PROGRAM THE FOUNDATION HAS PLANNED, DESIGNED, AND IMPLEMENTED SEVERAL CRITICALLY NEEDED PROGRAMS SUCH AS ITS MODEL FOOD FOR PEOPLE (FFP) PROGRAM. FFP IS BASED ON PREM RAWATS DESIRE TO HELP PEOPLE BREAK OUT OF THE CYCLE OF POVERTY. THERE ARE NOW THREE FFP FACILITIES: ONE IN INDIA, ONE IN NEPAL, AND ONE IN GHANA. IN 2023, FFP FACILITIES SERVED 850,899 HOT NUTRITIOUS MEALS TO CHILDREN, THE SICK AND THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Pascotto Chairperson | OfficerTrustee | 10 | $0 |
Daya Rawat President | OfficerTrustee | 5 | $0 |
Amar Rawat Vice President | Trustee | 1 | $0 |
Bruce Keenan Treasurer | OfficerTrustee | 12 | $0 |
Stephen Sordoni Director | Trustee | 1 | $0 |
Matthew Altman Secretary | OfficerTrustee | 1 | $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 | $3,003,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,003,410 |
| Total Program Service Revenue | $0 |
| Investment income | $290,335 |
| 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 | $3,293,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $373,973 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $993,563 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $325,517 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,872 |
| Fees for services: Accounting | $60,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $313,038 |
| Advertising and promotion | $57,044 |
| Office expenses | $17,875 |
| Information technology | $134,348 |
| Royalties | $0 |
| Occupancy | $12,799 |
| Travel | $112,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,791 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,900 |
| Insurance | $7,719 |
| All other expenses | $10,336 |
| Total functional expenses | $2,717,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $722,677 |
| Savings and temporary cash investments | $3,203,780 |
| Pledges and grants receivable | $434,138 |
| 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 | $3,053 |
| Net Land, buildings, and equipment | $3,300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $155,114 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,522,062 |
| Accounts payable and accrued expenses | $19,933 |
| 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 | $0 |
| Total liabilities | $19,933 |
| Net assets without donor restrictions | $3,703,034 |
| Net assets with donor restrictions | $799,095 |
| 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 | $4,522,062 |