Chopra Foundation FY2022 filing

Tax-deductible

La Jolla, CA501(c)(3)Health CareEIN 36-4793898Revenue $2.7M in FY2022

On file with the IRSchoprafoundation.org1227 Prospect St Ste 200, 92037-3626 · La Jolla, CATax-exempt since Aug 2015Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
47¢ of each $1 spent went to programs.
$256K 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

FY2022 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $168K a year · 8% 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
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$256K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $420K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$376K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+45% vs prior year
Spent
$1.8M
To programs
47%
Net assets
$1.0M
By yearFY2019–FY2023
Revenue
$2.7M
FY2022▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2019$3.2M
FY2020$958K
FY2021$1.9M
FY2022$2.7M
FY2023$1.3M
Expenses
$1.8M
FY2022+0.3%
Tap a bar for its year
Expenses by fiscal year
FY2019$2.6M
FY2020$1.2M
FY2021$1.8M
FY2022$1.8M
FY2023$1.7M
Net assets
$1.0M
FY2022▲ +189%
Tap a bar for its year
Net assets by fiscal year
FY2019$523K
FY2020$240K
FY2021$354K
FY2022$1.0M
FY2023$215K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Aug 2015.

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

Where the money goes

47 cents of each dollar spent went to programs.

Program services 47% · $840K Management & general 45% · $798K Fundraising 8% · $146K

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

8 people listed on the 990; $256K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$200,000Pt VII · Sec A
$56,494Pt VII · Sec A
Board Chairman, Director
$0Pt VII · Sec A
Treasurer/Secretary, Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Poonacha Machaiah’s $200K as Executive Director is at the 72nd percentile of top reported officer pay among 3128 $1–10M health care 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 · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Poonacha Machaiah$200,000$200,000$200,000$33,333
Michael McCarthy$6,298$56,494$59,507—

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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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 15aYes

Programs and updates

Promotes health, well-being, spiritual knowledge, and world peace for all.

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Provided by the organization

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2 programs · $840K · in their own filed words · FY2022
01

Symposiums, Seminars and Retreats

The Foundation hosts various programs and events annually to fulfill its mission of improving health and well-being and promoting spirituality, consciousness, and peace to all of the human family. The Journey into Healing program focuses on bringing mind-body balance, health, and nourishment into life.

$840Kprogram expense
02

Nerveralone

Mental Wellbeing & Suicide Prevention: Never Alone is a program and movement of people and organizations dedicated to incubating a new vision for mental and emotional health and the resources available to people seeking support.

Pt IX · col B

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 7 funders →
Grants paid · 4 grants · $327K · 2019–2021

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$772K
Investment incomeLn 3$117K
Money outPt IX
$1.8M
Ln 25
Programscol B$840K
Managementcol C$798K
Fundraisingcol D$146K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$869K
Total assetsLn 16$1.4M
LiabilitiesLn 26$376K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Noncash giftsLn 1g$1.0M
Fees for servicesLn 2g$772K
Investment incomeLn 3$117K
Other incomeLn 4–11$103K
Gains on assetsLn 7$114K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$832K
Cash and savings togetherLn 1–2$869K
InvestmentsLn 11–13$200K
Land, buildings, equipmentLn 10c$13K
Other assetsLn 15$295K
Total assetsLn 16$1.4M
LiabilitiesLn 26$376K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$438K$869K
InvestmentsLn 11–13$200K$200K
Land, buildings, equipmentLn 10c$13K$13K
Total assetsLn 16$867K$1.4M
LiabilitiesLn 26$513K$376K
Net assetsLn 32$354K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$8K$8K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$256K$186K$40K$30K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$124K$24K$81K$19K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$17K$11K$3K$3K
Payroll taxesLn 10$20K$13K$4K$3K
Management feesLn 11a$0
Legal feesLn 11b$66K$66K
Accounting feesLn 11c$61K$61K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$164K$72K$92K
Advertising and promotionLn 12$129K$129K
Office expensesLn 13$60K$60K
Information technologyLn 14$65K$13K$52K
RoyaltiesLn 15$0
OccupancyLn 16$92K$16K$76K
TravelLn 17$170K$85K$85K
Travel and entertainment for public officialsLn 18$409K$409K
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$53K$11K$42K
Other expenses (24a–d)Ln 24$87K$61K$26K
Total functional expensesLn 25$1.8M$840K$798K$146K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $1.3M$1.7M−$470K$215K 990 PDF
FY2022 Viewing $2.7M$1.8M$952K$1.0M 990 PDF
FY2021 $1.9M$1.8M$114K$354K 990 PDF
FY2020 $958K$1.2M−$283K$240K 990 PDF
FY2019 $3.2M$2.6M$525K$523K 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 FY2022 990 (6 parts)
Part I · Summary $2,735,720 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,088,316$1,743,859
I-9 Program service revenuePrior year $803,305$771,563
I-10 Investment incomePrior year $17$116,953
I-11 Other revenuePrior year $30$103,345
I-12 Total revenuePrior year $1,891,668$2,735,720
I-13 Grants and similar amounts paidPrior year $47,785$10,709
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $501,575$417,388
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,228,260$1,355,136
I-18 Total expensesPrior year $1,777,620$1,783,233
I-19 Revenue less expensesPrior year $114,048$952,487
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,735,720 across 11 lines filed
VIII-1f All other contributions, gifts and grants$1,743,859
VIII-1g Noncash contributions (included above)$1,001,817
VIII-1h Total contributions, gifts and grants$1,743,859
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $771,563$771,563
VIII-3 Investment incomeExcluded from tax $2,826$2,826
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $114,127$114,127
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $103,345$103,345
VIII-12 Total revenueRelated to mission $771,563 · Excluded from tax $220,298$2,735,720
Part IX · Statement of functional expenses $1,783,233 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $3,029$3,029
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $7,680$7,680
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $186,494 · Management $40,000 · Fundraising $30,000$256,494
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $24,329 · Management $81,363 · Fundraising $18,652$124,344
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $10,983 · Management $3,379 · Fundraising $2,534$16,896
IX-10 Payroll taxesPrograms $12,775 · Management $3,931 · Fundraising $2,948$19,654
IX-11a Management fees$0
IX-11b Legal feesManagement $65,606$65,606
IX-11c Accounting feesManagement $61,352$61,352
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $72,149 · Fundraising $91,619$163,768
IX-12 Advertising and promotionManagement $128,839$128,839
IX-13 Office expensesManagement $59,958$59,958
IX-14 Information technologyPrograms $12,926 · Management $51,703$64,629
IX-15 Royalties$0
IX-16 OccupancyPrograms $15,668 · Management $76,442$92,110
IX-17 TravelPrograms $84,999 · Management $84,999$169,998
IX-18 Travel and entertainment for public officialsPrograms $408,682$408,682
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $10,586 · Management $42,343$52,929
IX-24 Other expenses (24a–d)Programs $61,479 · Management $25,786$87,265
IX-25 Total functional expensesPrograms $839,630 · Management $797,850 · Fundraising $145,753$1,783,233
Part X · Balance sheet $1,399,350 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$36,979
X-2 Savings and temporary cash investmentsStart of year $438,432$831,847
X-3 Pledges and grants receivableStart of year $204,000$10
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$21,023
X-10c Land, buildings and equipment, netStart of year $13,426$13,426
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $200,000$200,000
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $1,235$1,235
X-15 Other assetsStart of year $0$294,830
X-16 Total assetsStart of year $867,093$1,399,350
X-17 Accounts payable and accrued expensesStart of year $223,003$60,320
X-18 Grants payableStart of year $90,000$0
X-19 Deferred revenueStart of year $200,000$16,667
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$299,270
X-26 Total liabilitiesStart of year $513,003$376,257
X-27 Net assets without donor restrictionsStart of year $354,090$773,093
X-28 Net assets with donor restrictionsStart of year $0$250,000
X-32 Total net assets or fund balancesStart of year $354,090$1,023,093
X-33 Total liabilities and net assetsStart of year $867,093$1,399,350
Part XI · Reconciliation of net assets $1,023,093 net assets at year end
XI-1 Total revenue$2,735,720
XI-2 Total expenses$1,783,233
XI-3 Revenue less expenses$952,487
XI-4 Net assets at start of year$354,090
XI-5 Net unrealized gains (losses) on investments−$283,484
XI-10 Net assets at end of year$1,023,093

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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