Foundation For Inner Peace Inc
- Assets
- $775.8k
- Revenue
- $469.5k
- Investments
- $19.9k
- Employees
- 13
- Location
- Novato, CA
- Founding
- 04/1972
- Data as of
- 12/2022
- EIN
- 23-7174187
Organization Overview
Foundation For Inner Peace Inc is located in Novato, CA. The organization was established in 1972. 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 12/2022, Foundation For Inner Peace Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Inner Peace Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Foundation For Inner Peace Inc generated $469.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $399.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE SPIRITUALITY THROUGH THE DISSEMINATION OF A METAPHYSICAL THOUGHT SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISSEMINATING THE SPIRITUAL PHILOSOPHY PROMULGATED IN THE WORK ENTITLED "A COURSE IN MIRACLES," A SELF-STUDY IN A METAPHYSICAL THOUGHT SYSTEM WHICH TEACHES FORGIVENESS AS THE ROAD TO INNER PEACE AND THE REMEMBRANCE OF THE UNCONDITIONAL LOVE OF GOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Morgan Co-Pres/trustee | OfficerTrustee | 40 | $202,203 |
Robert E Skutch Vp/trustee | OfficerTrustee | 15 | $60,000 |
Patricia Mcavoy Treasurer | Officer | 15 | $50,083 |
Diane Temple Trustee | Trustee | 0.5 | $0 |
Theresa Abrams Trustee | Trustee | 1 | $0 |
Ilene Kaufman Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lindenmeyr Printing | 8/30/16 | $109,190 |
Rr Donnelley & Sons Company Printing | 8/30/16 | $129,205 |
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 | $309,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,214 |
| Total Program Service Revenue | $10,570 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $147,435 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $469,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $99,667 |
| Compensation of current officers, directors, key employees. | $10,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,419 |
| Pension plan accruals and contributions | $9,023 |
| Other employee benefits | $16,623 |
| Payroll taxes | $15,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,125 |
| Fees for services: Accounting | $5,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,484 |
| Advertising and promotion | $15,251 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,016 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $949 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $488 |
| Insurance | $0 |
| All other expenses | $3,748 |
| Total functional expenses | $399,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,950 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $210,260 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $294,269 |
| Prepaid expenses and deferred charges | $8,082 |
| Net Land, buildings, and equipment | $2,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,927 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $775,792 |
| Accounts payable and accrued expenses | $58,223 |
| 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 | $58,223 |
| Net assets without donor restrictions | $693,636 |
| Net assets with donor restrictions | $23,933 |
| 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 | $775,792 |