Global Projects for Peace FY2020 filing

Tax-deductible

Fairfield, IA501(c)(3)Foundations & GrantmakersEIN 26-1116889Revenue $1.2M in FY2020

On file with the IRSGraf Company 107 E Washington Ave, 52556-0000 · Fairfield, IATax-exempt since Jul 2010Supporting organization — 509(a)(3)

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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.
94¢ of each $1 spent went to programs.
$25K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$25K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
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
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.2M
To programs
94%
Net assets
$272K
By yearFY2020–FY2024
Revenue
$1.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.3M
FY2023$961K
FY2024$587K
Expenses
$1.2M
FY2020
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
$272K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$272K
FY2021$294K
FY2022$514K
FY2023$368K
FY2024$286K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

94 cents of each dollar spent went to programs.

Program services 94% · $1.1M Management & general 6% · $75K Fundraising 0% · $531

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

11 people listed on the 990; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation
$25,466Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director & Sec
$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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

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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1 program · $1.1M · in their own filed words · FY2020
01

See attachments

$1.1Mprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$54
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$75K
Fundraisingcol D$531
Owns and owesPt X
$272K
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$274K
LiabilitiesLn 26$2K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Noncash giftsLn 1g$124K
Investment incomeLn 3$54
Gains on assetsLn 7$0
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$229K
SavingsLn 2$0
Cash and savings togetherLn 1–2$229K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$177
Other assetsLn 15$0
Total assetsLn 16$274K
LiabilitiesLn 26$2K
Net assetsLn 32$272K
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 FY20End FY20
Cash and savingsLn 1–2$239K$229K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$532$177
Total assetsLn 16$284K$274K
LiabilitiesLn 26$35K$2K
Net assetsLn 32$249K$272K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$971K$971K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$25K$25K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$22K$22K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$4K$4K
Management feesLn 11a$0
Legal feesLn 11b$295$292$1$2
Accounting feesLn 11c$3K$3K$15$15
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$96K$95K$480$480
Advertising and promotionLn 12$0
Office expensesLn 13$15K$15K
Information technologyLn 14$0
RoyaltiesLn 15$5K$5K
OccupancyLn 16$0
TravelLn 17$28K$28K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$355$355
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$23K$17K$5K$34
All other expensesLn 24e$19K$19K
Total functional expensesLn 25$1.2M$1.1M$75K$531

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $1.2M$1.2M$23K$272K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,236,516 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,073,702$1,236,772
I-9 Program service revenue$0
I-10 Investment incomePrior year $463$54
I-11 Other revenue−$310
I-12 Total revenuePrior year $1,074,165$1,236,516
I-13 Grants and similar amounts paidPrior year $759,427$970,705
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $38,000$51,330
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $186,487$191,114
I-18 Total expensesPrior year $983,914$1,213,149
I-19 Revenue less expensesPrior year $90,251$23,367
Part VI · Governance 8 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,236,516 across 10 lines filed
VIII-1f All other contributions, gifts and grants$1,236,772
VIII-1g Noncash contributions (included above)$123,938
VIII-1h Total contributions, gifts and grants$1,236,772
VIII-3 Investment incomeRelated to mission $54$54
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 −$310−$310
VIII-12 Total revenueRelated to mission $54 · Excluded from tax −$310$1,236,516
Part IX · Statement of functional expenses $1,213,149 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $970,705$970,705
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $25,466$25,466
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $21,686$21,686
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $4,178$4,178
IX-11a Management fees$0
IX-11b Legal feesPrograms $292 · Management $1 · Fundraising $2$295
IX-11c Accounting feesPrograms $2,995 · Management $15 · Fundraising $15$3,025
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $95,040 · Management $480 · Fundraising $480$96,000
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $14,971$14,971
IX-14 Information technology$0
IX-15 RoyaltiesPrograms $4,609$4,609
IX-16 Occupancy$0
IX-17 TravelPrograms $28,012$28,012
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $355$355
IX-23 InsuranceManagement $2,586$2,586
IX-24 Other expenses (24a–d)Programs $17,362 · Management $5,320 · Fundraising $34$22,716
IX-24e All other expensesPrograms $18,545$18,545
IX-25 Total functional expensesPrograms $1,137,915 · Management $74,703 · Fundraising $531$1,213,149
Part X · Balance sheet $274,449 assets, 20 lines filed
Asset lines not itemized here account for $45,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $238,621$229,272
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, netStart of year $532$177
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 assetsStart of year $1$0
X-16 Total assetsStart of year $284,154$274,449
X-17 Accounts payable and accrued expensesStart of year $1,668$2,385
X-25 Other liabilities$1
X-26 Total liabilitiesStart of year $35,458$2,386
X-27 Net assets without donor restrictionsStart of year $13,459$9,671
X-28 Net assets with donor restrictionsStart of year $235,237$262,392
X-32 Total net assets or fund balancesStart of year $248,696$272,063
X-33 Total liabilities and net assetsStart of year $284,154$274,449
Part XI · Reconciliation of net assets $272,063 net assets at year end
XI-1 Total revenue$1,236,516
XI-2 Total expenses$1,213,149
XI-3 Revenue less expenses$23,367
XI-4 Net assets at start of year$248,696
XI-10 Net assets at end of year$272,063

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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