The purpose of Global Projects for Peace is "to perform activities for the support and benefit of Maharishi International University (MIU), an Iowa non-profit corporation, and Brahmananda Saraswati Foundation (BSF), a Delaware non-profit corporation authorized to do business in Iowa" through programs bringing enlightenment to the individual, invincibility to every nation and world peace.Global Projects for Peace is engaged in supporting the work of MIU and BSF by engaging in the following charitable activities, which but for Global Projects for Peace would be engaged in by MIU and BSF to support the teaching of transcendental meditation and other programs in countries around the world--facilitating travel and participation of candidates from emerging countries in international transcendental meditation teacher training courses,--organizing tours of experts in consciousness-based education and advanced programs in Africa and the caribbean,--supporting the founding and development of tra

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 50 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $8K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$29K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $118K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$587K
-39% vs prior year
Spent
$668K
To programs
90%
Net assets
$286K
By yearFY2020–FY2024
Revenue
$587K
FY2024▼ -39%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.3M
FY2023$961K
FY2024$587K
Expenses
$668K
FY2024▼ -40%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2024$668K
Net assets
$286K
FY2024▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$272K
FY2021$294K
FY2022$514K
FY2023$368K
FY2024$286K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $604K Management & general 10% · $64K Fundraising 0% · $354

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $29K paid to officers and key staff.

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 1264 $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.

See Global Projects for Peace executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports universities teaching Transcendental Meditation globally for individual enlightenment and world peace.

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Provided by the organization

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3 programs · $557K · in their 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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$587K
Ln 12
Gifts and grantsLn 1h$587K
Investment incomeLn 3$61
Other incomeLn 4–11$35
Money outPt IX
$668K
Ln 25
Programscol B$604K
Managementcol C$64K
Fundraisingcol D$354
Owns and owesPt X
$286K
net assets · Ln 32
Cash and savingsLn 1–2$289K
Total assetsLn 16$289K
LiabilitiesLn 26$2K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$587K
Noncash giftsLn 1g$40K
Investment incomeLn 3$61
Other incomeLn 4–11$35
Gains on assetsLn 7$0
Total revenueLn 12$587K
Assets in detailPt X, end of year
CashLn 1$289K
SavingsLn 2$0
Cash and savings togetherLn 1–2$289K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$289K
LiabilitiesLn 26$2K
Net assetsLn 32$286K
OperationsPt I, VI
EmployeesI 53
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$371K$289K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$371K$289K
LiabilitiesLn 26$3K$2K
Net assetsLn 32$368K$286K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$19K$19K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$452K$452K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$29K$29K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$599$599
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$3K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$9K$9K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$8K$3K$5K
Information technologyLn 14$5K$968$4K
RoyaltiesLn 15$12K$12K
OccupancyLn 16$0
TravelLn 17$43K$43K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$339$339
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$68K$62K$6K
All other expensesLn 24e$16K$11K$5K$354
Total functional expensesLn 25$668K$604K$64K$354

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $587K$668K−$81K$286K 990 PDF
FY2023 $961K$1.1M−$146K$368K 990 PDF
FY2022 $1.3M$1.1M$220K$514K 990 PDF
FY2021 $1.2M$1.1M$22K$294K 990 PDF
FY2020 $1.2M$1.2M$23K$272K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $586,682 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $960,033$586,586
I-9 Program service revenue$0
I-10 Investment incomePrior year $243$61
I-11 Other revenuePrior year $687$35
I-12 Total revenuePrior year $960,963$586,682
I-13 Grants and similar amounts paidPrior year $892,659$471,462
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $38,906$32,247
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $175,400$164,213
I-18 Total expensesPrior year $1,106,965$667,922
I-19 Revenue less expensesPrior year −$146,002−$81,240
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $586,682 across 10 lines filed
VIII-1f All other contributions, gifts and grants$586,586
VIII-1g Noncash contributions (included above)$40,480
VIII-1h Total contributions, gifts and grants$586,586
VIII-3 Investment incomeRelated to mission $61$61
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $35$35
VIII-12 Total revenueRelated to mission $61 · Excluded from tax $35$586,682
Part IX · Statement of functional expenses $667,922 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $19,000$19,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $452,462$452,462
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $28,525$28,525
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $599$599
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $3,123$3,123
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $9,463$9,463
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $2,878 · Management $4,862$7,740
IX-14 Information technologyPrograms $968 · Management $4,146$5,114
IX-15 RoyaltiesPrograms $11,995$11,995
IX-16 Occupancy$0
IX-17 TravelPrograms $42,855$42,855
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $339$339
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $2,216$2,216
IX-24 Other expenses (24a–d)Programs $62,027 · Management $6,167$68,194
IX-24e All other expensesPrograms $11,262 · Management $4,681 · Fundraising $354$16,297
IX-25 Total functional expensesPrograms $603,786 · Management $63,782 · Fundraising $354$667,922
Part X · Balance sheet $288,566 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $371,061$288,566
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $371,061$288,566
X-17 Accounts payable and accrued expensesStart of year $3,366$2,112
X-26 Total liabilitiesStart of year $3,366$2,112
X-27 Net assets without donor restrictionsStart of year $30,420$20,166
X-28 Net assets with donor restrictionsStart of year $337,275$266,288
X-32 Total net assets or fund balancesStart of year $367,695$286,454
X-33 Total liabilities and net assetsStart of year $371,061$288,566
Part XI · Reconciliation of net assets $286,454 net assets at year end
XI-1 Total revenue$586,682
XI-2 Total expenses$667,922
XI-3 Revenue less expenses−$81,240
XI-4 Net assets at start of year$367,695
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$286,454

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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