Foundation For A Course In Miracles Inc is located in Henderson, NV. The organization was established in 1983. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2019, Foundation For A Course In Miracles Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Foundation For A Course In Miracles Inc generated $220.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $758.1k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION HOLDS CLASSES AND WORKSHOPS AIMED AT HELPING STUDENTS OF A COURSE IN MIRACLES TO UNDERSTAND THE TEACHINGS OF FORGIVENESS, TO INTEGRATE ITS PRINCIPLES INTO THEIR LIVES, AND TO DEVELOP A BETTER RELATIONSHIP WITH THE HOLY SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HOLDS CLASSES AND WORKSHOPS AIMED AT HELPING STUDENTS OF A COURSE IN MIRACLES TO UNDERSTAND THE TEACHINGS OF FORGIVENESS, TO INTEGRATE ITS PRINCIPLES INTO THEIR LIVES, AND TO DEVELOP A BETTER RELATIONSHIP WITH THE HOLY SPIRIT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Salour Treasurer | OfficerTrustee | 30 | $100,426 |
Gloria Wapnick President | OfficerTrustee | 10 | $61,077 |
Mark Salour Secretary | OfficerTrustee | $0 | |
Jean Boutin Director | Trustee | $0 | |
Alyssa Juskowitz Director | Trustee | $0 | |
Kevin Murphy Director | Trustee | $0 |
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 | $102,407 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $102,407 |
Total Program Service Revenue | $9,619 |
Investment income | $72,457 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $42,252 |
Net Rental Income | -$10,530 |
Net Gain/Loss on Asset Sales | $1,140 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $2,946 |
Miscellaneous Revenue | $0 |
Total Revenue | $220,291 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $200 |
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. | $175,657 |
Compensation of current officers, directors, key employees. | $87,828 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $279,119 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $16,533 |
Payroll taxes | $50,248 |
Fees for services: Management | $14,110 |
Fees for services: Legal | $520 |
Fees for services: Accounting | $16,754 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $92,305 |
Advertising and promotion | $799 |
Office expenses | $3,249 |
Information technology | $4,035 |
Royalties | $0 |
Occupancy | $38,124 |
Travel | $99 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,274 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $22,788 |
Insurance | $3,042 |
All other expenses | $9,691 |
Total functional expenses | $758,132 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $121,188 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,279 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $130,807 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,157,237 |
Investments—publicly traded securities | $4,627,878 |
Investments—other securities | $0 |
Investments—program-related | $15,000 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $6,054,389 |
Accounts payable and accrued expenses | $41,553 |
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 | $41,553 |
Net assets without donor restrictions | $6,012,837 |
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 | $6,054,390 |
Over the last fiscal year, we have identified 1 grants that Foundation For A Course In Miracles Inc has recieved totaling $61,200.
Awarding Organization | Amount |
---|---|
Community Foundation Of Elkhart County Inc Elkhart, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $61,200 |
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