Form 990 for tax year 2023
Filed by MAHARISHI FOUNDATION INTERNATIONAL.
Totals
- Total revenue
- $6,073,183
- Total expenses
- $6,471,227
- Contributions and grants received
- $5,626,866
- Grants paid
- $0
- Program service revenue
- $401,125
- Investment income
- $42,395
- Other revenue
- $2,797
- Total assets, end of year
- $3,689,141
- Total liabilities, end of year
- $1,440,756
- Net assets or fund balances, end of year
- $2,248,385
- Program services expenses (Part IX)
- $5,286,653
- Management and general expenses
- $1,184,574
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,286,653
Program services were 81.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$3,710,000
-
1f · All other contributions, gifts and grants
$1,916,866
-
1g · Noncash contributions included above
$390,007
-
2a · Program service revenue: LICENSE FEES FOR APP
total $251,125 · related or exempt $251,125
-
2b · Program service revenue: PROMOTIONAL FEES
total $150,000 · related or exempt $150,000
-
3 · Investment income
total $42,395 · excluded $42,395
-
11a · Other revenue: MISC REVENUE
total $2,797 · excluded $2,797
-
11e · Other revenue, total
$2,797
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $984,429 · program services $896,461 · management and general $87,968
-
9 · Other employee benefits
total $37,306 · program services $27,168 · management and general $10,138
-
10 · Payroll taxes
total $86,863 · program services $74,709 · management and general $12,154
-
11a · Fees: management
total $159,504 · program services $136,593 · management and general $22,911
-
11b · Fees: legal
total $117,649 · program services $100,750 · management and general $16,899
-
11c · Fees: accounting
total $45,424 · program services $38,899 · management and general $6,525
-
11g · Fees: other
total $4,237,939 · program services $3,766,661 · management and general $471,278
-
13 · Office expenses
total $45,535 · program services $9,681 · management and general $35,854
-
14 · Information technology
total $256,506 · program services $233,058 · management and general $23,448
-
17 · Travel
total $52,526 · management and general $52,526
-
19 · Conferences, conventions and meetings
total $71,110 · program services $781 · management and general $70,329
-
22 · Depreciation, depletion and amortization
total $369,913 · management and general $369,913
-
23 · Insurance
total $6,466 · program services $1,892 · management and general $4,574
-
24a · Other expenses: UNCATAGORIZED EXPENSE
total $57 · management and general $57
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $524,603 · end of year $290,148
-
2 · Savings and temporary cash investments
beginning of year $748,803 · end of year $548,681
-
4 · Accounts receivable
beginning of year $22,352 · end of year $61,784
-
6 · Loans and receivables from disqualified persons
end of year $125,000
-
9 · Prepaid expenses and deferred charges
beginning of year $28,256 · end of year $37,220
-
10a · Land, buildings and equipment: cost or other basis
$3,810
-
10b · Land, buildings and equipment: accumulated depreciation
$2,344
-
10c · Land, buildings and equipment, net
beginning of year $1,982 · end of year $1,466
-
14 · Intangible assets
beginning of year $2,953,440 · end of year $2,623,127
-
15 · Other assets
beginning of year $30,951 · end of year $1,715
-
17 · Accounts payable and accrued expenses
beginning of year $420,668 · end of year $190,756
-
24 · Unsecured notes and loans payable
beginning of year $1,250,000 · end of year $1,250,000
-
27 · Net assets without donor restrictions
beginning of year $2,639,719 · end of year $2,248,385
Mission and programs · 2023
Mission
MFI WAS ESTABLISHED TO PROMOTE THE EXPANSION OF MAHARISHI VEDIC SCIENCE.
-
TRANSCENDENTAL MEDITATION DIGITAL COURSE
Expenses $3,877,019 · Revenue $718,125
-
BRANDING AND GLOBAL PRESENCE
Expenses $1,297,553 · Revenue $150,000
-
TRAINING COURSE & OTHER COURSE DEVELOPMENT
Expenses $112,081 · Revenue $110,000
As filed on the 2023 return.
Listed in Part VII
-
Tom FactorTOM FACTOR
PRESIDENT; BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 40
-
Robert LopintoROBERT LOPINTO
CFO; TREASURER; BOARD MEMB
- Total calculated
- $0
- Hours/week
- 10 + 11 related
-
Steve BersonSTEVE BERSON
BOARD MEMBER, SECRETARY, G
- Total calculated
- $0
- Hours/week
- 40
-
Carla BerkersCARLA BERKERS
BOARD MEMBER
- Total calculated
- $164,050
- From this org
- $159,504
- From related orgs
- $0
- Other
- $4,546
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,504
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $4,546
- Filer's total
- $164,050
-
Aalok ShrivastavaAALOK SHRIVASTAVA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Ann CrowellANN CROWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Ann Purcell TiernanANN PURCELL TIERNAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Bevan MorrisBEVAN MORRIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Carolyn Gaylord KingCAROLYN GAYLORD KING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Dr John HagelinDR JOHN HAGELIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Eike HartmannEIKE HARTMANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Emily LevinEMILY LEVIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Graeme LodgeGRAEME LODGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Harris KaplanHARRIS KAPLAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 20 related
-
Howard ChandlerHOWARD CHANDLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 20 + 5 related
-
Jose Luis Alvarez RosetJOSE LUIS ALVAREZ ROSET
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Joumana NammourJOUMANA NAMMOUR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Leslie BrooksLESLIE BROOKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 2 related
-
Lila-Maria Hartmann-SteinLILA-MARIA HARTMANN-STEIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Lorenza GarghettiLORENZA GARGHETTI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Luc HenrardLUC HENRARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Marcelo GeraldiMARCELO GERALDI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Nancy DiamondNANCY DIAMOND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Neil PatersonNEIL PATERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 10 related
-
Mark McCooeyMARK MCCOOEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Omar HamzaOMAR HAMZA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Peter WarburtonPETER WARBURTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rafael DavidRAFAEL DAVID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 15 related
-
Rainer PichaRAINER PICHA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 15 related
-
Ram ShrivastavaRAM SHRIVASTAVA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Shizuo SuzukiSHIZUO SUZUKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Soloman MwangiSOLOMAN MWANGI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Steven RubinSTEVEN RUBIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 5 related
-
Susan DillbeckSUSAN DILLBECK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Vicki BroomeVICKI BROOME
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Vikram AdityaVIKRAM ADITYA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Volker SchanbacherVOLKER SCHANBACHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
W Scott GouldW SCOTT GOULD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Antoine NaderANTOINE NADER
CHAIRMAN AND CEO
- Total calculated
- $0
- Hours/week
- 10 + 30 related
-
Jennifer JiangJENNIFER JIANG
EMPLOYEE
- Total calculated
- $136,779
- From this org
- $136,779
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Sam Crewe-SullamSAM CREWE-SULLAM
EMPLOYEE
- Total calculated
- $122,265
- From this org
- $122,265
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Daniel HouliDANIEL HOULI
EMPLOYEE
- Total calculated
- $102,904
- From this org
- $102,904
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Brandy HyerBRANDY HYER
EMPLOYEE
- Total calculated
- $108,397
- From this org
- $108,397
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
MAHARISHI GLOBAL COUNTRY OF WORLD PEACE
PROMOTE PROGRAMS TO ENLIVEN VEDIC TRADITION OF KNOWLEDGE · NL
-
BRAHMANANDA SARASWATI FOUNDATION
501(C)(3) · SUPPORT LARGE GROUPS PRACTICING TM AND ITS ADV TECHNIQUES · DE
Directly controlled by MAHARISHI GLOBAL COUNTRY OF WORLD PEACE
-
MERU (NETHERLANDS)
PROMOTE PROGRAMS TO ENLIVEN VEDIC TRADITION OF KNOWLEDGE · NL
Directly controlled by MAHARISHI GLOBAL COUNTRY OF WORLD PEACE
-
IMAVF (NETHERLANDS)
PROMOTION OF MAHARISHI AYURVEDA · NL
Directly controlled by MAHARISHI GLOBAL COUNTRY OF WORLD PEACE
-
GLOBAL CAPITAL OF WORLD PEACE INC
501(C)(3) · SUPPORT LARGE GROUPS PRACTICING TM · WV
Directly controlled by MAHARISHI GLOBAL COUNTRY OF WORLD PEACE
-
501(C)(3) · SUPPORT LARGE GROUPS PRACTICING TM · WV
Directly controlled by MAHARISHI GLOBAL COUNTRY OF WORLD PEACE
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MAHARISHI FOUNDATION TECHNOLOGIES
C · ORGANIZED AS BENEFIT COPRORATION TO PURSUE PUBLIC BENEFITS. · DE · 100% owned · controlled entity
Directly controlled by MAHARISHI FOUNDATION INTERNATIONAL
-
MVU CC BV (NETHERLANDS)
C · PROMOTE THE UNDERSTANDING AND USE OF MAHARISHI TECHNOLOGIES OF CONSCIOUSNESS · NL
Directly controlled by MAHARISHI GLOBAL COUNTRY OF WORLD PEACE
-
MVU HOLDING (MALTA)
C · PROMOTE THE UNDERSTANDING AND USE OF MAHARISHI TECHNOLOGIES OF CONSCIOUSNESS · MT
Directly controlled by MAHARISHI GLOBAL COUNTRY OF WORLD PEACE
-
MVU LTD (MALTA)
C · PROMOTE THE UNDERSTANDING AND USE OF MAHARISHI TECHNOLOGIES OF CONSCIOUSNESS · MT
Directly controlled by MAHARISHI GLOBAL COUNTRY OF WORLD PEACE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403309349300530
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