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← MAHARISHI FOUNDATION USA INC

Form 990 for tax year 2023

Filed by MAHARISHI FOUNDATION USA INC.

Totals

Total revenue
$14,393,869
Total expenses
$14,780,812
Contributions and grants received
$1,587,548
Grants paid
$1,794,824
Program service revenue
$12,161,336
Investment income
$185,224
Other revenue
$459,761
Total assets, end of year
$15,436,117
Total liabilities, end of year
$4,746,166
Net assets or fund balances, end of year
$10,689,951
Program services expenses (Part IX)
$13,277,369
Management and general expenses
$1,437,861
Fundraising expenses
$65,582
Program service expenses (Part III)
$13,277,369

Program services were 89.8% 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.

  • 1f · All other contributions, gifts and grants

    $1,587,548

  • 1g · Noncash contributions included above

    $2,200

  • 2a · Program service revenue: PROGRAM SERVICES

    total $12,161,336 · related or exempt $12,161,336

  • 3 · Investment income

    total $185,224 · related or exempt $185,224

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $846 · related or exempt $846

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $95,788 · related or exempt $95,788

  • 11b · Other revenue: ROOM AND BOARD

    total $363,127 · related or exempt $363,127

  • 11e · Other revenue, total

    $458,915

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $700,005 · program services $700,005

  • 2 · Grants to domestic individuals

    total $149,819 · program services $149,819

  • 3 · Grants to foreign organizations and individuals

    total $945,000 · program services $945,000

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $230,100 · program services $88,027 · management and general $130,568 · fundraising $11,505

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,613,650 · program services $2,089,338 · management and general $478,942 · fundraising $45,370

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $215,595 · program services $183,793 · management and general $31,802

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $103,464 · program services $25,491 · management and general $77,973

  • 11c · Fees: accounting

    total $17,000 · management and general $17,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $4,595,607 · program services $4,273,324 · management and general $322,283

  • 12 · Advertising and promotion

    total $1,698,649 · program services $1,674,480 · management and general $15,676 · fundraising $8,493

  • 13 · Office expenses

    total $458,945 · program services $411,606 · management and general $47,339

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,837,676 · program services $1,783,598 · management and general $53,864 · fundraising $214

  • 17 · Travel

    total $301,231 · program services $284,636 · management and general $16,595

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $12,811 · program services $11,856 · management and general $955

  • 20 · Interest

    total $133,114 · program services $113,161 · management and general $19,953

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $214,880 · program services $130,610 · management and general $84,270

  • 23 · Insurance

    total $195,032 · program services $70,554 · management and general $124,478

  • 24a · Other expenses: EDUCATION MATERIALS

    total $12,390 · program services $12,333 · management and general $57

  • 24b · Other expenses: ONLINE DATA MANAGEMENT

    total $138,986 · program services $122,880 · management and general $16,106

  • 24c · Other expenses: BAD DEBT

    total $206,858 · program services $206,858

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $89,168 · end of year $185,620

  • 2 · Savings and temporary cash investments

    beginning of year $6,770,060 · end of year $6,068,243

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,105,268 · end of year $1,311,470

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $25,000 · end of year $10,000

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $336,503 · end of year $384,099

  • 10a · Land, buildings and equipment: cost or other basis

    $5,218,493

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,932,301

  • 10c · Land, buildings and equipment, net

    beginning of year $3,446,392 · end of year $3,286,192

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $3,989,298 · end of year $4,190,493

  • 17 · Accounts payable and accrued expenses

    beginning of year $801,324 · end of year $765,860

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $6,720 · end of year $7,572

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $3,044,400 · end of year $2,921,606

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $832,351 · end of year $1,051,128

  • 27 · Net assets without donor restrictions

    beginning of year $8,706,924 · end of year $8,742,291

  • 28 · Net assets with donor restrictions

    beginning of year $2,369,970 · end of year $1,947,660

Mission and programs · 2023

Mission

MAHARISHI FOUNDATION USA IS A NOT-FOR-PROFIT EDUCATIONAL ORGANIZATION WHOSE PURPOSE IS TO ADMINISTER AND SUPERVISE THE TEACHING OF TRANSCENDENTAL MEDITATION PROGRAMS AND ITS ADVANCED PROGRAMS THROUGHOUT THE UNITED STATES. THIS INCLUDES OFFERING PROGRAMS IN ALL AREAS OF MAHARISHI'S VEDIC SCIENCE AND TECHNOLOGY THAT ARE NEEDED TO CREATE HEALTHY, HAPPY, ENLIGHTENED INDIVIDUALS IN A PROSPEROUS AND HARMONIOUS SOCIETY.

Activities or mission (Part I)

SEE ATTACHMENT 1

  • Teaching Transcendental Meditation to 16,640 people throughout the United States in venues open to the general public. Transcendental Meditation and Consciousness Based Education was taught to 2,189 students, in public and private school settings. It also was taught to Veterans and others with PTSD. Grant funding was included in the expenses of this program to accommodate more individuals. Participants of 1,676 enrolled in The Advanced Programs of Trancendental Meditation. The Program was predominantly taught by traveling Expert Faculty who visited cities all over the U.S.

    Expenses $12,797,128 · Grants $1,649,726

  • In-Residence program for Maharishi Vedic Experts funded by donations. Additionally, In-Residence program for an average of 65 practioners of the TM-Sidhis, participating in group coherence creating programs.

    Expenses $306,082

  • Average of 40 practioners of the TM-Sidhis techniques, participating in daily assemblies of group coherence creating programs. Grant funding is included in the program.

    Expenses $174,159 · Grants $145,098

As filed on the 2023 return.

Listed in Part VII

  • DR JOHN HAGELIN

    CEO & DIRECTOR

    Total calculated
    $78,000
    From this org
    $78,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • LEONARD HINTZ

    DIRECTOR & COO

    Total calculated
    $72,000
    From this org
    $72,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • GARY KORF

    CFO & TREASURER

    Total calculated
    $41,700
    From this org
    $41,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MICHAEL LACKMAN

    CTO

    Total calculated
    $38,400
    From this org
    $38,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.25

  • DR BEVAN G MORRIS

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM FACTOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Howard Settle

    director

    Total calculated
    $0
    Hours/week
    1

  • Eric Schwartz

    director

    Total calculated
    $0
    Hours/week
    1

  • Neil Paterson

    director

    Total calculated
    $0
    Hours/week
    1

  • Maureen Wynne

    director

    Total calculated
    $0
    Hours/week
    1

  • Robert Daniels

    director

    Total calculated
    $0
    Hours/week
    1

  • Leonard Goldman

    secretary

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
10 September 2024
IRS schema version
2023v5.1
Source object
202442749349301064

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