Global Projects for Peace EIN 26-1116889 Form 990 (PDF) Claim this org

Global Projects for Peace

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Supports universities teaching Transcendental Meditation globally for individual enlightenment and world peace. For fiscal year 2024 it reported $587K in revenue, $668K in expenses, and $286K in net assets.Pt I

Type
Supporting organization · Foundations & Grantmakers
Location
Fairfield, IA
Filings
5 on file (2020–2024)
Revenue
$587KFY2024
Expenses
$668K
Net assets
$286K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-1116889 Supporting organization Fairfield, IA
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports universities teaching Transcendental Meditation globally for individual enlightenment and world peace.
Leadership
Constance Olson · Treasurer · $29K
Money in and out
$587K revenue, $668K expenses
Bottom line
-14% net inflow
Money in and out · FY2024
Total revenue
$587K
Pt VIII · Ln 12
Total expenses
$668K
Pt IX · Ln 25
Net assets
$286K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$81K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10 Fundraising $0.00
Net inflow
-14%
revenue over expenses, this year▲ +9% vs prior filing year
Pass-through gifts
100%
of revenue from contributions+0.08% vs prior filing year
Program spending
90%
of expenses reach stated programs▼ -4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$587K
FY2024▼ -39%
Expenses
$668K
FY2024▼ -40%
Total assets
$289K
FY2024▼ -22%
Total liabilities
$2K
FY2024▼ -37%
Total revenue
$587K
Pt VIII · Ln 12
Total expenses
$668K
Pt IX · Ln 25
Net assets
$286K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$81K
Total assetsPt X · Ln 16$289K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $557K of program spending, described in the organization's own filed words · FY2024.
01

Engaging in the charitable activities of the teaching of transcendental meditation (TM) and other consciousness-based programs in over 15 countries around the world.

$253Kprogram expense
02

Consciousness-based education programs in uganda including primary and secondary education, school construction, instruction in TM and advanced TM programs, support for local TM centers

$233Kprogram expense
03

Consciousness-based education programs in thailand including primary and secondary education for underprivileged girls; general school support.

$71Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGlobal Projects for Peace
EINHdr · item D26-1116889
Principal addressHdr · item CFairfield, IA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJul 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$28,525Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Constance Olson’s $29K as Treasurer is at the 26th percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Constance Olson$28,525$32,706$29,563$23,369$25,466

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$587K
Investment income$61
Other revenue$35
Total revenueLn 12$587K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10 Fundraising $0.00
Program services90%$604K
Management & general10%$64K
Fundraising$354
Total functional expensesLn 25$668K

Balance Sheet

Part X · end of year
CashLn 1$289K
Total assetsLn 16$289K
Total liabilitiesLn 26$2K
Total net assetsLn 32$286K
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $289K · Operating expenses (Pt IX) $668K · Less non-cash grants $40K · Cash operating expenses/yr $627K
5.5 months
Where the money goes
Program services
Program services $604K · Total expenses $668K
90%
Management & General
Management & general $64K · Total expenses $668K
10%
Fundraising
Fundraising $354 · Total expenses $668K
0.05%
Cost to raise $1
Fundraising expense (3-yr avg) $469 · Solicited contributions (3-yr avg) $954K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $587K · Total revenue $587K
100%
Government reliance
Government grants — · Total revenue $587K
Earned-income share
Program service revenue $0 · Total revenue $587K
0%
Investment reliance
Investment income $61 · Total revenue $587K
+0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $668K
0%
Growth & trend
Revenue growth (YoY)
This year $587K · Prior year $961K
-39%
Revenue CAGR
FY2020 $1.2M · FY2024 $587K
-17%
Net-asset trend (YoY)
End of year $286K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $587K · Expenses $668K
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $289K
Net-asset ratio
Net assets $286K · Total assets $289K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $289K
0%
People & payroll
Highest Reported Total Compensation
Individual Constance Olson · Reported title Treasurer · Highest reported compensation $29K · Total expenses $668K
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $32K · Total expenses $668K
5%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0.06%
Revenue growth -39%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 2 grants · $49K · 2023–2024
Brahmananda Saraswati Yagya FFY2024$19,000
Brahmananda Saraswati Yagya FFY2023$30,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$587K revenue · viewing · ⤓ 990 PDF
FY2023$961K revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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