Love Serve Remember Foundation

Ojai, CA · Religious organization · Religion

✓ Tax-deductible
Revenue
$2.7M
-4% vs prior year
Spent
$2.9M
To programs
88%
Net assets
$660K
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▼ -4%
Revenue by fiscal year
FY2020$2.2M
FY2021$2.4M
FY2022$2.7M
FY2023$2.8M
FY2024$2.7M
Expenses
$2.9M
FY2024▼ -2%
Expenses by fiscal year
FY2020$1.6M
FY2021$2.5M
FY2022$3.1M
FY2023$3.0M
FY2024$2.9M
Net assets
$660K
FY2024▼ -20%
Net assets by fiscal year
FY2020$1.7M
FY2021$1.5M
FY2022$928K
FY2023$825K
FY2024$660K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CLove Serve Remember Foundation
EINHdr · item D80-0308502
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 2009
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item COjai, CA
NTEE classificationIRS BMFReligion (X20)
WebsiteHdr · item Jwww.ramdass.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.09 Fundraising $0.03
Program services88%$2.6M
Management & general9%$262K
Fundraising3%$81K
Total functional expensesLn 25$2.9M

Financial health

Is it on solid ground?

Program efficiency
88%
of spending reaches programs▲ +0.9% vs prior filing year
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate▼ -23% vs prior filing year
Surplus margin
-9%
revenue over expenses, this year▼ -23% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$774K
FY2024▼ -18%
Total assets by fiscal year
FY2020$2.0M
FY2021$1.8M
FY2022$1.1M
FY2023$950K
FY2024$774K
Total liabilities
$115K
FY2024▼ -8%
Total liabilities by fiscal year
FY2020$372K
FY2021$265K
FY2022$197K
FY2023$125K
FY2024$115K
Revenue less expensesPt I · Ln 19−$249K
Total assetsPt X · Ln 16$774K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$553K
Total assetsLn 16$774K
Total liabilitiesLn 26$115K
Total net assetsLn 32$660K
Months of cash on handcomputed2.3

Statement of Revenue

Part VIII
Program service revenue$2.0M · 73%
Contributions & grants$456K · 17%
Other revenue$254K · 10%
Program service revenue73%$2.0M
Contributions & grants17%$456K
Other revenue10%$254K
Total revenueLn 12$2.7M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $553K · Operating expenses/yr $2.9M
2.3 months
Where the money goes
Program services
Program services $2.6M · Total expenses $2.9M
88%
Management & General
Management & general $262K · Total expenses $2.9M
9%
Fundraising
Fundraising $81K · Total expenses $2.9M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $116K · Solicited contributions (3-yr avg) $520K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $456K · Total revenue $2.7M
17%
Government reliance
Government grants — · Total revenue $2.7M
—
Earned-income share
Program service revenue $2.0M · Total revenue $2.7M
73%
Investment reliance
Investment income $0 · Total revenue $2.7M
0%
Program self-sufficiency
Program service revenue $2.0M · Total expenses $2.9M
67%
Growth & trend
Revenue growth (YoY)
This year $2.7M · Prior year $2.8M
-4%
Revenue CAGR
FY2020 $2.2M · FY2024 $2.7M
+5%
Net-asset trend (YoY)
End of year $660K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.7M · Expenses $2.9M
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $774K
—
Net-asset ratio
Net assets $660K · Total assets $774K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $774K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mitchell Markus · Reported title PRESIDENT EXECUTIVE DIRECT · Highest reported compensation $165K · Total expenses $2.9M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $767K · Total expenses $2.9M
26%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 9%——
Fundraising cost ratio 18%——
Revenue growth -4%——
Accounting fee ratio 0.7%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President Executive Direct
$165,000Pt VII · Sec A
Director
$11,500Pt VII · Sec A
Director Treasurer
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mitchell Markus’s $165K as President Executive Direct is at the 82nd percentile of top reported officer pay among 1636 $1–10M religion 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mitchell Markus$165,000$165,000$165,000$155,000$150,000
Nina Rao$11,500————
James Lyton——$10,950——

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 Love Serve Remember Foundation executive salaries →

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Governance & Policies

Part VI
  • 10Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Preserves and shares spiritual teachings from world religions, especially Neem Karoli Baba and Ram Dass.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $2.6M of program spending, described in the organization's own filed words · FY2024.
01

In 2024 the love serve remember foundation completed the following PROJECTS/OFFERINGS:* the be here now podcast network featured 14 + teachers and reaching 1.3 million monthly listeners* the ram dass fellowship program engaged over 16,000 members in 84 virtual gatherings across 220 CITIES.* launched ram dass's inner academy - a curated…

$2.6Mprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$1K
Grants paid · 5 grants · $79K · 2020–2024
Neem Karoli Baba AshramNM · FY2024$19,000
Neem Karoli Baba AshramNM · FY2020$55,331
Living-Dying ProjectCA · FY2020$2,500
Doorway Into LightHI · FY2020$2,000
Casa De AmparoCA · FY2020$562

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $2.7M$2.9M-4% 990 PDF
FY2023 $2.8M$3.0M+2% 990 PDF
FY2022 $2.7M$3.1M+13% 990 PDF
FY2021 $2.4M$2.5M+11% 990 PDF
FY2020 $2.2M$1.6M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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