Brahmananda Saraswati Foundation
- Assets
- $96.5m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Fairfield, IA
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-2986750
Organization Overview
Brahmananda Saraswati Foundation is located in Fairfield, IA. The organization was established in 2009. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Brahmananda Saraswati Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brahmananda Saraswati Foundation 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 12/2021, Brahmananda Saraswati Foundation generated $13.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $10.8m during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Brahmananda Saraswati Foundation has awarded 24 individual grants totaling $6,643,038. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SECURE PEACE, AFFLUENCE AND INVINCIBILITY FOR LIFE EVERYWHERE ON EARTH BY PROVIDING PERPETUAL SUPPORT FOR LARGE GROUPS PRACTICING TRANSCENDENTAL MEDITATION AND ITS ADVANCED TECHNIQUES, ESPECIALLY LARGE GROUPS OF MAHARISHI VEDIC PANDITS WHO ALSO OFFER SPECIAL VEDIC PERFORMANCES FOR THE WELFARE OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ASSIST IN SUPPORTING LIVING EXPENSES OF OVER 10,000 VEDIC PANDITS IN MORE THAN 70 LOCATIONS THROUGHOUT INDIA AND NEPAL. THE GRANTS TO INDIA AND NEPAL ARE ONLY A PORTION OF THE CONTRIBUTIONS COLLECTED TO CREATE WORLD PEACE THROUGH THE VEDIC PANDIT PROGRAM. A SPECIAL GIRL'S SCHOOL THAT INCLUDES MAHARISHI VEDIC TECHNOLOGIES OF CONSCIOUSNESS IN THAILAND RECEIVED 172,600.
GRANTS TO ASSIST NON-PROFIT ORGANIZATIONS AROUND THE WORLD WITH GOALS SIMILAR TO THOSE OF BRAHMANANDA SARASWATI FOUNDATION. THESE GRANTS PROVIDE EXPANDED, BROAD-BASED SUPPORT FOR BSF'S EDUCATIONAL AND CHARITABLE MISSION TO PROMOTE WORLD PEACE THROUGH THE PRACTICE OF THE VEDIC PANDITS AND OTHER COHERENCE CREATING GROUPS. THE PRACTICE OF THESE GROUPS BRINGS AN INFLUENCE OF PEACE, COHERENCE, AND AFFLUENCE IN THE COLLECTIVE CONSCIOUSNESS FOR THE WHOLE WORLD POPULATION.
IN-RESIDENCE COURSES HELD AT THE BRAHMASTHAN OF INDIA PROVIDED OVER 500 PARTICIPANTS FROM 60 DIFFERENT COUNTRIES THE OPPORTUNITY TO EXPERIENCE THE TANGIBLE INFLUENCE OF THE VEDIC PANDITS. THESE COURSES ALSO INCLUDED KNOWLEDGE LECTURES OF VEDIC SCIENCE AS WELL AS PRESENTATIONS ON THE SCIENTIFIC RESEARCH DONE ON THE INDIVIDUAL AND GROUP PRACTICE OF TRANSCENDENTAL MEDITATION. AS A RESULT OF THESE COURSES, BRAHMANANDA SARASWATI FOUNDATION EXPECTS EXPANDED AWARENESS OF THE UNIQUE VALUE OF ITS MISSION AND HOPES FOR ADDED SUPPORT. DUE TO COVID-19, COURSES WERE NOT HELD IN 2021. REFUNDS WERE SENT UPON REQUEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeannie Rose CFO & Secret | Officer | 40 | $48,000 |
Dr Harris Kaplan CEO | OfficerTrustee | 30 | $0 |
Dr Bevan Morris Chairman | OfficerTrustee | 0.3 | $0 |
Dr Robert Lopinto Treasurer | OfficerTrustee | 0.3 | $0 |
Leonard Goldman Assistant Se | Officer | 0.3 | $0 |
Dr Neil Paterson Director | Trustee | 0.3 | $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 | $10,849,366 |
| Noncash contributions included in lines 1a–1f | $778,026 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,849,366 |
| Total Program Service Revenue | $204,844 |
| Investment income | $532,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $35,417 |
| Net Rental Income | $251,813 |
| Net Gain/Loss on Asset Sales | $1,201,843 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,140,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,285,256 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,649,218 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,659 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,703 |
| Fees for services: Accounting | $25,143 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $322,806 |
| Fees for services: Other | $219,576 |
| Advertising and promotion | $0 |
| Office expenses | $108,893 |
| Information technology | $215,353 |
| Royalties | $0 |
| Occupancy | $80,989 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157,812 |
| Insurance | $47,461 |
| All other expenses | $0 |
| Total functional expenses | $10,798,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,214,474 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,458 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,991,451 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,378 |
| Net Land, buildings, and equipment | $37,888,613 |
| Investments—publicly traded securities | $52,215,399 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $144,734 |
| Other assets | $0 |
| Total assets | $96,502,507 |
| Accounts payable and accrued expenses | $300,866 |
| Grants payable | $0 |
| Deferred revenue | $97,625 |
| 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 | $2,166,000 |
| Total liabilities | $2,564,491 |
| Net assets without donor restrictions | $76,295,582 |
| Net assets with donor restrictions | $17,642,434 |
| 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 | $96,502,507 |
Grants Awarded
Over the last fiscal year, Brahmananda Saraswati Foundation has awarded $1,218,941 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfield, IA PURPOSE: SEE PART IV | $670,000 |
Livingston Manor, NY PURPOSE: SEE PART IV | $245,885 |
Fairfield, IA PURPOSE: SEE PART IV | $200,000 |
St Louis, MO PURPOSE: SEE PART IV | $93,856 |
Fairfield, IA PURPOSE: SEE PART IV | $9,200 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Brahmananda Saraswati Foundation has recieved totaling $2,197,072.
| Awarding Organization | Amount |
|---|---|
Brahmananda Saraswati Yagya Foundation Fairfield, IA PURPOSE: SUPPORT | $1,183,022 |
Rona And Jeffrey Abramson Foundation Rockville, MD PURPOSE: UNRESTRICTED FUNDS | $373,600 |
Ravi & Naina Patel Foundation Bakersfield, CA PURPOSE: TO SECURE PEACE,AFFLUENCE AND INVINCIBILITY FOR LIFE EVERYWHERE ON EARTH BY PROVIDING PREPETUAL SUPPORT FOR LARGE GROUPS PRACTICING TRANSENDENTAL MEDITATION. | $282,600 |
Maharishi Purusha Program Romney, WV PURPOSE: for General Support | $249,000 |
Eric Schwartz Fam Foundation Fairfield, IA PURPOSE: SUPPORT THE DHAMMAJARINEE SCHOOL IN THAILAND | $51,000 |
Global Invincibility Foundation Fairfield, IA PURPOSE: PROMOTE WORLD PEACE | $45,000 |
Endowment Analysis
| Beg. Balance | $63,375,591 |
| Earnings | $7,592,905 |
| Net Contributions | $1,652,684 |
| Other Expense | $4,256,681 |
| Ending Balance | $68,364,499 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marvin M Schwan Charitable Foundation Earth City, MO | $409,431,512 | $16,300,505 |
Brahmananda Saraswati Foundation Fairfield, IA | $96,502,507 | $13,140,832 |
Perception Funding Inc Kansas City, MO | $746,520 | $3,023,889 |
Aim Higher Foundation St Paul, MN | $6,897,588 | $2,438,620 |
Presbyterian Frontier Fellowship Richfield, MN | $5,941,801 | $2,372,271 |
Catholic Community Foundation Kansas City, MO | $9,563,701 | $3,058,896 |
Minnesota Education Trust St Paul, MN | $12,235,946 | $1,363,771 |
Cabc Usa Inc Waukesha, WI | $822,280 | $1,932,888 |
Community Interfaith Food Pantry Belleville, IL | $1,307,668 | $1,205,716 |
Reruns R Fun Inc La Vista, NE | $1,226,554 | $873,036 |
Norwalk Area Ministerial Association Norwalk, IA | $73,039 | $574,226 |
Weaverland Financial Aid Of Wisconsin Loyal, WI | $18,675,718 | $520,520 |