Foundation For A Course In Miracles Inc
- Assets
- $6.1m
- Revenue
- $220.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Henderson, NV
- Founding
- 11/1983
- Data as of
- 12/2019
- EIN
- 13-3168245
Organization Overview
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| 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 |
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 | $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 |
Grants Recieved
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gods Not Dead Foundation Scottsdale, AZ | $82,891,905 | $12,037,301 |
T E R I Inc Oceanside, CA | $26,222,247 | $30,451,522 |
Catholic Charities Of The Diocese Of Oakland Oakland, CA | $39,560,106 | $13,377,446 |
Canal Alliance San Rafael, CA | $9,474,175 | $11,487,159 |
Alliance For Housing And Healing Los Angeles, CA | $3,302,899 | $9,956,975 |
Ocean Institute Dana Point, CA | $14,437,038 | $5,350,910 |
Fred Maytag Family Foundation San Francisco, CA | $62,296,139 | $735,107 |
Associated Builders & Contractors Of Southern California Anaheim, CA | $2,719,723 | $4,112,975 |
Bibleproject Portland, OR | $6,190,967 | $7,082,909 |
Asian Access Life Ministries Artesia, CA | $2,022,340 | $2,920,052 |
College Golf Fellowship Roseville, CA | $2,921,592 | $4,454,001 |
Burhani Qardan Hasana Corporation America Calabasas, CA | $42,280,604 | $4,030,000 |