Chopra Foundation
- Assets
- $591.0k
- Revenue
- $958.5k
- Investments
- $0.0
- Employees
- 2
- Location
- La Jolla, CA
- Founding
- 08/2015
- Data as of
- 12/2020
- EIN
- 36-4793898
Organization Overview
Chopra Foundation is located in La Jolla, CA. The organization was established in 2015. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2020, Chopra Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chopra 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 12/2020, Chopra Foundation generated $958.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Chopra Foundation has awarded 17 individual grants totaling $1,027,834. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CHOPRA FOUNDATION IS DEDICATED TO IMPROVING HEALTH AND WELL BEING, CULTIVATING SPIRITUAL KNOWLEDGE, EXPANDING CONSCIOUSNESS, AND PROMOTING WORLD PEACE TO ALL MEMBERS OF THE HUMAN FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OFFERS TEACHING AND RESOURCES FOR HEALTH AND SPIRITUALITY FOR DISADVANTAGED INDIVIDUALS AND COMMUNITIES, WITH A SPECIFIC COMMITMENT TO AT-RISK CHILDREN, LOW-INCOME WOMEN AND TEENAGERS, PRISONERS, AND TO EDUCATING HEALERS AND INITIATING SCIENTIFIC RESEARCH.
THE FOUNDATION OFFERS TEACHING AND RESOURCES FOR HEALTH AND SPIRITUALITY FOR DISADVANTAGED INDIVIDUALS AND COMMUNITIES, WITH A SPECIFIC COMMITMENT TO AT-RISK CHILDREN, LOW-INCOME WOMEN AND TEENAGERS, PRISONERS, AND TO EDUCATING HEALERS AND INITIATING SCIENTIFIC RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Poonacha Machaiah Executive Director/ceo | Officer | 20 | $33,333 |
Deepak Chopra MD Chairman Of The Board, Founder, Director | OfficerTrustee | 10 | $0 |
Paul Johnson Treasurer & Secretary, Director | OfficerTrustee | 5 | $0 |
Ajay K Gupta President/director | OfficerTrustee | 3 | $0 |
Francois Ferre PHD Director | Trustee | 2 | $0 |
Alice Walton Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Icahn School Of Medicine Sbti Consulting | 12/30/15 | $331,795 |
Mgh Genetics & Aging Research Unit Sbti Consulting | 12/30/15 | $200,000 |
World Business Academy Administrative Services | 12/30/15 | $142,823 |
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 | $731,796 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $731,796 |
| Total Program Service Revenue | $215,605 |
| Investment income | $44 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,000 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $958,453 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $173,963 |
| 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. | $33,333 |
| Compensation of current officers, directors, key employees. | $6,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,822 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,784 |
| Fees for services: Accounting | $54,449 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,998 |
| Advertising and promotion | $10,940 |
| Office expenses | $6,373 |
| Information technology | $19,200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,100 |
| 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 | $315 |
| Insurance | $51,132 |
| All other expenses | $112 |
| Total functional expenses | $1,241,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $524,236 |
| Pledges and grants receivable | $55,510 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,235 |
| Other assets | $0 |
| Total assets | $590,981 |
| Accounts payable and accrued expenses | $260,939 |
| Grants payable | $90,000 |
| 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 | $350,939 |
| Net assets without donor restrictions | $240,042 |
| 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 | $590,981 |
Grants Awarded
Over the last fiscal year, Chopra Foundation has awarded $260,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
La Jolla, CA PURPOSE: FELLOWSHIP RESEARCH GRANT & TRIPHALA SYMBIOTIC CLINICAL TRIAL | $105,000 |
La Jolla, CA PURPOSE: FELLOWSHIP RESEARCH GRANT & TRIPHALA SYMBIOTIC CLINICAL TRIAL | $105,000 |
Pacific Palisades, CA PURPOSE: TO SUPPORT THE BRAIN MAPPING CONFERENCE - BOARD APPROVED. | $25,000 |
Pacific Palisades, CA PURPOSE: TO SUPPORT THE BRAIN MAPPING CONFERENCE - BOARD APPROVED. | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Chopra Foundation has recieved totaling $86,798.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $66,707 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: MEDICAL/SCIENTIFIC RESEARCH & PROGRAMS | $10,000 |
K & F Baxter Family Foundation S Pasadena, CA PURPOSE: GENERAL | $5,000 |
Naveen And Anu Jain Foundation Bellevue, WA PURPOSE: GENERAL PURPOSE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agc Health Benefit Trust Fund Wilsonville, OR | $1,717,335 | $11,419,505 |
Project Access Now Portland, OR | $3,304,431 | $11,644,157 |
Community Clinic Association Of Los Angeles County Los Angeles, CA | $9,637,865 | $7,593,126 |
Medic Mobile Inc San Francisco, CA | $12,094,470 | $5,916,633 |
Lanai Community Health Center Lanai City, HI | $9,677,740 | $6,723,250 |
Labor-Management Universal Health Benefits Employee Tr 010194 Covina, CA | $4,029,971 | $6,091,310 |
Healthie Nevada Las Vegas, NV | $1,377,510 | $4,499,509 |
San Diego Regional Healthcare Information Exchange San Diego, CA | $1,245,384 | $5,998,825 |
St James Infirmary San Francisco, CA | $1,363,599 | $3,592,796 |
Reliance Ehealth Collaborative Medford, OR | $1,759,328 | $3,920,929 |
Community Health Initiative Napa County Inc Napa, CA | $1,404,415 | $3,095,486 |
C A R E Chest Of Sierra Nevada Reno, NV | $2,737,948 | $2,386,533 |