Totals
- Total revenue
- $4,428,357
- Total expenses
- $3,779,350
- Contributions and grants received
- $4,399,386
- Grants paid
- $2,840,000
- Program service revenue
- $0
- Investment income
- $28,971
- Other revenue
- $0
- Total assets, end of year
- $4,657,410
- Total liabilities, end of year
- $41,407
- Net assets or fund balances, end of year
- $4,616,003
- Program services expenses (Part IX)
- $3,277,712
- Management and general expenses
- $258,594
- Fundraising expenses
- $243,044
- Program service expenses (Part III)
- $3,277,712
Program services were 86.7% 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.
-
1c · Fundraising events
$478,169
-
1f · All other contributions, gifts and grants
$3,921,217
-
3 · Investment income
total $28,971 · excluded $28,971
-
8a · Fundraising events: gross income
$104,897
-
8a · Fundraising events: contributions included on line 1c
$478,169
-
8b · Fundraising events: direct expenses
$104,897
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,840,000 · program services $2,840,000
-
5 · Compensation of officers, directors and key employees
total $22,229 · management and general $22,229
-
7 · Other salaries and wages
total $122,750 · management and general $69,375 · fundraising $53,375
-
10 · Payroll taxes
total $10,330 · management and general $6,037 · fundraising $4,293
-
11b · Fees: legal
total $24,318 · management and general $24,318
-
11c · Fees: accounting
total $23,465 · management and general $23,465
-
11g · Fees: other
total $178,469 · program services $166,603 · management and general $11,866
-
12 · Advertising and promotion
total $283,837 · program services $190,301 · fundraising $93,536
-
13 · Office expenses
total $5,004 · management and general $2,916 · fundraising $2,088
-
14 · Information technology
total $18,409 · management and general $13,321 · fundraising $5,088
-
17 · Travel
total $82,434 · management and general $10 · fundraising $82,424
-
23 · Insurance
total $3,912 · management and general $3,912
-
24a · Other expenses: BANK AND SERVICE CHARGE
total $161,722 · program services $80,808 · management and general $80,914
-
24b · Other expenses: MERCHANT ACCOUNT FEES
total $2,182 · fundraising $2,182
-
24c · Other expenses: OTHER EXPENSES
total $171 · management and general $113 · fundraising $58
-
24d · Other expenses: PAYROLL PROCESSING
total $118 · management and general $118
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,967,691 · end of year $1,625,837
-
2 · Savings and temporary cash investments
end of year $3,028,971
-
9 · Prepaid expenses and deferred charges
beginning of year $12,156 · end of year $2,602
-
17 · Accounts payable and accrued expenses
beginning of year $12,851 · end of year $41,407
-
27 · Net assets without donor restrictions
beginning of year $3,966,996 · end of year $2,616,003
-
28 · Net assets with donor restrictions
end of year $2,000,000
Mission and programs · 2023
Mission
THE MISSION OF INNERSCIENCE RESEARCH FUND IS TO FUND RESEARCH ON THE BIOLOGICAL AND PHYSIOLOGICAL EFFECTS OF MEDITATION ON THE HUMAN BODY, EMPOWERING INDIVIDUALS TO HEAL AND THRIVE.
-
THE ORGANIZATION PROVIDES GRANT OPPORTUNITIES FOR RESEARCHERS EXPLORING THE AFFECTS OF MEDITATION ON THE HUMAN BODY. THE FIELDS OF NEUROSCIENCE, EPIGENETICS, QUANTUM PHYSICS, BRAIN AND BODY FUNCTION, IMMUNOLOGY, AND SIMILAR RESEARCH FIELDS ARE ALSO WELCOME TO APPLY FOR FUNDS. IN 2023 THE ORGANIZATION GIFTED OVER 2.7 MILLION DOLLARS TO UC SAN DIEGO FOR MEDITATION RESEARCH AND IS CURRENTLY IN THE PROCESS OF CREATING A 5 YEAR PARTNERSHIP WITH THE UNIVERSITY. THE ORGANIZATION IS FUNDING A DOCUMENTARY FILM ABOUT THE SCIENCE AND RESEARCH OF MEDITATION. IN 2023 HATHOR STUDIOS SPENT THE ENTIRE YEAR IN POST PRODUCTION, REFINING AND RE-EDITING THE FILM. THE WORLD PREMIERE OF THE DOCUMENARY IS IN MARCH 2024.
Expenses $3,277,712 · Grants $2,840,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Anthony Andrew WrightANTHONY ANDREW WRIGHT
PRESIDENT/TREASURER
- Total calculated
- $22,229
- From this org
- $22,229
- From related orgs
- $0
- Other
- $0
- Hours/week
- 12
-
Kristin HummelKRISTIN HUMMEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
-
UNIVERSITY OF CALIFORNIA SAN DIEGO
$2,840,000
RESEARCH PROGRAM SUPPORT.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202431839349300738
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