Isha Foundation INC FY2020 filing

Tax-deductible

McMinnville, TN501(c)(3)EducationEIN 62-1794866Revenue $19.1M in FY2020

On file with the IRSishafoundation.org951 Isha Ln, 37110-8627 · McMinnville, TNTax-exempt since Nov 1999Publicly supported charity — 170(b)(1)(A)(vi)

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Isha Foundation is dedicated to physical, mental, and spiritual well-being of all people.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$5K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
5 of 5
filings with a surplus
Average surplus $23.6M a year · 63% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 0.06% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
27 mo
of spending, in cash
Looks good: 27.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $1.7M
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.1M
Spent
$8.7M
To programs
84%
Net assets
$55.9M
By yearFY2020–FY2024
Revenue
$19.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$19.1M
FY2021$29.4M
FY2022$40.7M
FY2023$48.4M
FY2024$48.7M
Expenses
$8.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$8.7M
FY2021$11.1M
FY2022$13.5M
FY2023$17.7M
FY2024$17.2M
Net assets
$55.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$55.9M
FY2021$74.3M
FY2022$101.5M
FY2023$132.1M
FY2024$163.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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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 Nov 1999.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $7.4M Management & general 12% · $1.0M Fundraising 4% · $331K

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

7 people listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation
$5,414Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
VP/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Kaniappan Senthilkumar Rtp’s $5K as Treasurer is at the 0th percentile of top reported officer pay among 3684 $10–100M education 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.

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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

Promotes physical, mental, and spiritual well-being for everyone.

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Provided by the organization

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2 programs · $6.7M · in their own filed words · FY2020
01

Inner engineering inner engineering programs are offered as the programs for self-empowerment and personal growth. It offers tools to explore the manifold dimensions of life and re-engineer one's self through the inner science of yoga.

$5.5Mprogram expense
02

Advanced isha yoga programs (of variablelength) all our advanced programs offered as complete path to inner well-being through inner science of yoga.

$1.2Mprogram 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 12 funders →
Grants paid · 2 grants · $129K · 2021–2024
Isha CareFY2024$21,499
Isha CareFY2021$107,467

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$19.1M
Ln 12
Gifts and grantsLn 1h$9.5M
Fees for servicesLn 2g$6.1M
Other incomeLn 4–11$1.8M
Money outPt IX
$8.7M
Ln 25
Programscol B$7.4M
Managementcol C$1.0M
Fundraisingcol D$331K
Owns and owesPt X
$55.9M
net assets · Ln 32
Cash and savingsLn 1–2$20.0M
Total assetsLn 16$57.5M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.5M
Fees for servicesLn 2g$6.1M
Investment incomeLn 3$1.6M
Other incomeLn 4–11$1.8M
Gains on assetsLn 7$1.1M
Total revenueLn 12$19.1M
Assets in detailPt X, end of year
CashLn 1$18.6M
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$20.0M
InvestmentsLn 11–13$1.9M
Land, buildings, equipmentLn 10c$21.7M
Other assetsLn 15$7.0M
Total assetsLn 16$57.5M
LiabilitiesLn 26$1.6M
Net assetsLn 32$55.9M
OperationsPt I, VI
EmployeesI 534
VolunteersI 6450
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 FY20End FY20
Cash and savingsLn 1–2$15.1M$20.0M
InvestmentsLn 11–13$1.0M$1.9M
Land, buildings, equipmentLn 10c$23.1M$21.7M
Total assetsLn 16$47.4M$57.5M
LiabilitiesLn 26$1.8M$1.6M
Net assetsLn 32$45.6M$55.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$257$257
Grants and assistance to foreign recipientsLn 3$2.8M$2.8M
Other salaries and wagesLn 7$95K$95K
Payroll taxesLn 10$16K$16K
Legal feesLn 11b$30K$30K
Accounting feesLn 11c$30K$30K
Office expensesLn 13$116K$98K$18K
OccupancyLn 16$72K$72K
TravelLn 17$293K$293K
Depreciation, depletion and amortizationLn 22$1.0M$642K$379K
InsuranceLn 23$131K$131K
Other expenses (24a–d)Ln 24$3.0M$2.6M$331K
All other expensesLn 24e$1.1M$747K$366K
Total functional expensesLn 25$8.7M$7.4M$1.0M$331K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $48.7M$17.2M$31.5M$163.6M 990 PDF
FY2023 $48.4M$17.7M$30.6M$132.1M 990 PDF
FY2022 $40.7M$13.5M$27.2M$101.5M 990 PDF
FY2021 $29.4M$11.1M$18.4M$74.3M 990 PDF
FY2020 Viewing $19.1M$8.7M$10.3M$55.9M 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 $19,067,064 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,515,274$9,521,800
I-9 Program service revenuePrior year $14,656,280$6,148,090
I-10 Investment incomePrior year $481,270$1,555,138
I-11 Other revenuePrior year $2,787,478$1,842,036
I-12 Total revenuePrior year $25,440,302$19,067,064
I-13 Grants and similar amounts paidPrior year $3,197,725$2,834,615
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $176,002$111,089
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $13,460,098$5,787,648
I-18 Total expensesPrior year $16,833,825$8,733,352
I-19 Revenue less expensesPrior year $8,606,477$10,333,712
Part VI · Governance 0 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $19,067,064 across 7 lines filed
Lines not itemized here account for $1,743,136 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$9,521,800
VIII-1h Total contributions, gifts and grants$9,521,800
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,949,553$5,949,553
VIII-3 Investment incomeRelated to mission $443,162$443,162
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,111,976$1,111,976
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $297,437$297,437
VIII-12 Total revenueRelated to mission $9,545,264$19,067,064
Part IX · Statement of functional expenses $8,733,352 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $257$257
IX-3 Grants and assistance to foreign recipientsPrograms $2,834,358$2,834,358
IX-7 Other salaries and wagesPrograms $94,842$94,842
IX-10 Payroll taxesPrograms $16,247$16,247
IX-11b Legal feesManagement $30,091$30,091
IX-11c Accounting feesManagement $30,363$30,363
IX-13 Office expensesPrograms $98,096 · Management $18,166$116,262
IX-16 OccupancyManagement $72,138$72,138
IX-17 TravelPrograms $292,927$292,927
IX-22 Depreciation, depletion and amortizationPrograms $642,320 · Management $378,645$1,020,965
IX-23 InsuranceManagement $131,459$131,459
IX-24 Other expenses (24a–d)Programs $2,649,835 · Fundraising $331,241$2,981,076
IX-24e All other expensesPrograms $746,721 · Management $365,646$1,112,367
IX-25 Total functional expensesPrograms $7,375,603 · Management $1,026,508 · Fundraising $331,241$8,733,352
Part X · Balance sheet $57,521,668 assets, 15 lines filed
Asset lines not itemized here account for $5,094,552; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $8,352,899$18,566,833
X-2 Savings and temporary cash investmentsStart of year $6,757,320$1,383,867
X-4 Accounts receivable$15,109
X-8 Inventories for sale or useStart of year $1,986,920$1,779,449
X-10c Land, buildings and equipment, netStart of year $23,131,076$21,742,742
X-11 Publicly traded securitiesStart of year $466,689$1,685,347
X-12 Other securitiesStart of year $578,480$253,025
X-15 Other assetsStart of year $3,897,685$7,000,744
X-16 Total assetsStart of year $47,428,070$57,521,668
X-25 Other liabilitiesStart of year $1,820,690$1,580,576
X-26 Total liabilitiesStart of year $1,820,690$1,580,576
X-27 Net assets without donor restrictionsStart of year $43,932,284$55,014,919
X-28 Net assets with donor restrictionsStart of year $1,675,096$926,173
X-32 Total net assets or fund balancesStart of year $45,607,380$55,941,092
X-33 Total liabilities and net assetsStart of year $47,428,070$57,521,668
Part XI · Reconciliation of net assets $55,941,092 net assets at year end
XI-1 Total revenue$19,067,064
XI-2 Total expenses$8,733,352
XI-3 Revenue less expenses$10,333,712
XI-4 Net assets at start of year$45,607,380
XI-10 Net assets at end of year$55,941,092

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

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