Civic Intelligence

Foundation for a Course in Miracles Inc.

990 • Fiscal year 2020 • EIN 13-3168245

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 08, 2021

375 N Stephanie Street Suite 2311Henderson, NV 89014

(951) 296-6261

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

13th percentile

0.01x

Higher debt load relative to revenue than 13% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

9th percentile

-39%

Higher net margin than 9% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

46th percentile

$112,268

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 24.8% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

34th percentile

1.3%

Faster asset growth than 34% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

106%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$6,131,057

Up $76,668 (+1.3%) from 2019

Net Assets

Up

$6,124,751

Up $111,915 (+1.9%) from 2019

Liabilities

Down

$6,306

Down $35,247 (-85%) from 2019

Revenue

Up

$453,241

Up $232,950 (+106%) from 2019

Expenses

Down

$629,244

Down $128,888 (-17%) from 2019

Net Income

Up

-$176,003

Up $361,838 (+67%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,738,200Liabilities 2010: $178,864Net Assets 2010: $5,559,3362010Assets 2011: $5,804,238Liabilities 2011: $232,474Net Assets 2011: $5,571,7642011Assets 2012: $5,470,031Liabilities 2012: $197,130Net Assets 2012: $5,272,9012012Assets 2013: $5,008,267Liabilities 2013: $167,041Net Assets 2013: $4,841,2262013Assets 2014: $5,675,779Liabilities 2014: $179,774Net Assets 2014: $5,496,0052014Assets 2015: $5,648,899Liabilities 2015: $104,472Net Assets 2015: $5,544,4272015Assets 2016: $6,250,216Liabilities 2016: $4,057Net Assets 2016: $6,246,1592016Assets 2017: $6,594,201Liabilities 2017: $12,062Net Assets 2017: $6,582,1392017Assets 2018: $6,425,469Liabilities 2018: $17,919Net Assets 2018: $6,407,5502018Assets 2019: $6,054,389Liabilities 2019: $41,553Net Assets 2019: $6,012,8362019Assets 2020: $6,131,057Liabilities 2020: $6,306Net Assets 2020: $6,124,7512020Assets 2021: $7,146,201Liabilities 2021: $5,067Net Assets 2021: $7,141,1342021Assets 2022: $6,935,336Liabilities 2022: $8,332Net Assets 2022: $6,927,0042022Assets 2023: $6,818,659Liabilities 2023: $22,059Net Assets 2023: $6,796,6002023Assets 2024: $6,467,361Liabilities 2024: $15,515Net Assets 2024: $6,451,8462024

Highlighted filing

2020

Assets$6,131,057
Liabilities$6,306
Net Assets$6,124,751

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,239,4712010Expenses 2011: $1,221,7022011Expenses 2012: $1,135,2972012Revenue 2013: $635,576Expenses 2013: $1,067,120Net Income 2013: -$431,5442013Revenue 2014: $1,625,537Expenses 2014: $970,456Net Income 2014: $655,0812014Revenue 2015: $881,919Expenses 2015: $833,497Net Income 2015: $48,4222015Revenue 2016: $1,422,649Expenses 2016: $718,059Net Income 2016: $704,5902016Revenue 2017: $1,331,197Expenses 2017: $1,134,225Net Income 2017: $196,9722017Revenue 2018: $971,430Expenses 2018: $859,867Net Income 2018: $111,5632018Revenue 2019: $220,291Expenses 2019: $758,132Net Income 2019: -$537,8412019Revenue 2020: $453,241Expenses 2020: $629,244Net Income 2020: -$176,0032020Revenue 2021: $2,202,230Expenses 2021: $821,134Net Income 2021: $1,381,0962021Revenue 2022: $493,902Expenses 2022: $686,421Net Income 2022: -$192,5192022Revenue 2023: $497,099Expenses 2023: $685,577Net Income 2023: -$188,4782023Revenue 2024: $572,312Expenses 2024: $712,157Net Income 2024: -$139,8452024

Highlighted filing

2020

Revenue$453,241
Expenses$629,244
Net Income-$176,003
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 8, 2021
Return Version
2020v4.0
Gross Receipts
$1,373,796
Mission and Program Overview

Mission

The foundation holds classes and workshops aimed at helping students of a course in miracles to understand the teachings of forgiveness, to integrate its principles into their lives, and to develop a better relationship with the holy spirit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,627,878$4,624,008▼ $3,870
Land, Buildings, and Equipment, Net$1,157,237$1,124,101▼ $33,136
Cash and Non-Interest-Bearing Accounts$121,188$243,473▲ $122,285
Inventories for Sale or Use$130,807$120,750▼ $10,057
Investments Program Related$15,000$15,000→ $0
Accounts Receivable$2,280$2,976▲ $696
Prepaid Expenses and Deferred Charges-$749-
Total Assets$6,054,390$6,131,057▲ $76,667
Liabilities
Accounts Payable and Accrued Expenses$41,553$6,306▼ $35,247
Total Liabilities$41,553$6,306▼ $35,247
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,012,837$6,124,751▲ $111,914
Total Net Assets Fund Balance$6,012,837$6,124,751▲ $111,914
Total Liabilities and Net Assets / Fund Balance$6,054,390$6,131,057▲ $76,667

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$902,442$275,626$1,178,068
Land$221,659-$221,659
Equipment-$38,053$38,053
Other Land Buildings-$3,555$3,555
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David SalourTreasurerPT$103,443$8,825$112,268
Gloria WapnickPresidentPT$67,692$1,980$69,672

Board Members and Trustees

NameTitle
Alyssa JuskowitzDirector
Hannah NakhshabDirector
Jean BoutinDirector
Kevin MurphyDirector
Mark SalourSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$370,851
Program Service Revenue
$14,740
Investment Income
$-112,477
Other Revenue
$180,127
All Other Contributions
$370,851
Change in Net Assets
$-176,003
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$357,609
Other Expenses$271,510
Grants and Similar Amounts Paid$125
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$90,970$90,970-$181,940
Fees for Services Other-$141,525-$141,525
Other Salaries and Wages$132,812--$132,812
Payroll Taxes$7,837$19,997-$27,834
Depreciation Depletion$22,606--$22,606
Occupancy$18,657--$18,657
Other Employee Benefits-$15,023-$15,023
Fees for Services Accounting$14,234--$14,234
All Other Expenses$8,456$4,786-$13,242
Fees for Services Legal-$12,148-$12,148
Information Technology$6,860--$6,860
Insurance-$5,290-$5,290
Other Expenses$4,629$4,641-$4,629
Office Expenses-$3,354-$3,354
Advertising$440--$440
Travel$365--$365
Interest-$254-$254
Grants to Domestic Orgs$125--$125
Total Functional Expenses$331,256$297,988$0$629,244
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Gloria wapnick david salour president treasurer family members gloria wapnick mark salour president secretary family members david salour mark salour treasurer secretary family members

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Foundation for a Course in Miracles
EIN
13-3168245
Phone
9512966261
Address
375 N STEPHANIE STREET SUITE 2311, HENDERSON, NV 89014

Signing Officer

Name
David Salour
Title
Treasurer
Phone
9512966261
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gloria Wapnick
Formed
1982
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
5
Employees
7

Preparer

Firm
Rbt Cpas Llp
Address
11 RACQUET RD, NEWBURGH, NY 12550
Preparer
Jonathan F Rouis CPA
Phone
8455679000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundation holds classes and workshops aimed at helping students of a course in miracles to understand the teachings of forgiveness, to integrate its principles into their lives, and to develop a better relationship with the holy spirit.

Form 990, Part IX, Line 11G

CONTRACTORS 0 141,525 0

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

The artwork consists of two framed watercolor paintings of hummigbirds by austrian asrtis and hanns hoffmann, a scenic haitian village oil painting on canvas signed by abner dubic, head of christ framed and signed oil painting on canvas by howard chandler christy and ode to joy acrylic painting on round canvas by marion stiebel siciliano. The artwork is held by the organization for decorative purposes only.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0945766
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02950487
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0902442
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0275626
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01178068
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/CollectionUsedOtherPurposesInd0X
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/OtherPurposesDesc0DECORATIVE
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038053
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038053
IRS990ScheduleD/LandGrp/BookValueAmt0221659
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0221659
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03555
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ARTWORK CONSISTS OF TWO FRAMED WATERCOLOR PAINTINGS OF HUMMIGBIRDS BY AUSTRIAN ASRTIS AND HANNS HOFFMANN, A SCENIC HAITIAN VILLAGE OIL PAINTING ON CANVAS SIGNED BY ABNER DUBIC, HEAD OF CHRIST FRAMED AND SIGNED OIL PAINTING ON CANVAS BY HOWARD CHANDLER CHRISTY AND ODE TO JOY ACRYLIC PAINTING ON ROUND CANVAS BY MARION STIEBEL SICILIANO. THE ARTWORK IS HELD BY THE ORGANIZATION FOR DECORATIVE PURPOSES ONLY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART III, LINE 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01124101
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HOLDS CLASSES AND WORKSHOPS AIMED AT HELPING STUDENTS OF A COURSE IN MIRACLES TO UNDERSTAND THE TEACHINGS OF FORGIVENESS, TO INTEGRATE ITS PRINCIPLES INTO THEIR LIVES, AND TO DEVELOP A BETTER RELATIONSHIP WITH THE HOLY SPIRIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GLORIA WAPNICK DAVID SALOUR PRESIDENT TREASURER FAMILY MEMBERS GLORIA WAPNICK MARK SALOUR PRESIDENT SECRETARY FAMILY MEMBERS DAVID SALOUR MARK SALOUR TREASURER SECRETARY FAMILY MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACTORS 0 141,525 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0375 N STEPHANIE STREET 2311
IRS990/USAddress/CityNm0HENDERSON
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IRS990/USAddress/ZIPCd089014
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IRS990/WebsiteAddressTxt0WWW.FACIM.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.47$0.02$6.45$0.57$0.71$0.14
2023Detailed filing. Detailed filing data is available for this year.$6.82$0.02$6.80$0.50$0.69$0.19
2022Detailed filing. Detailed filing data is available for this year.$6.94$0.01$6.93$0.49$0.69$0.19
2021Detailed filing. Detailed filing data is available for this year.$7.15$0.01$7.14$2.20$0.82$1.38
2020Detailed filing. Detailed filing data is available for this year.$6.13$0.01$6.12$0.45$0.63$0.18
2019Detailed filing. Detailed filing data is available for this year.$6.05$0.04$6.01$0.22$0.76$0.54
2018Detailed filing. Detailed filing data is available for this year.$6.43$0.02$6.41$0.97$0.86$0.11
2017Detailed filing. Detailed filing data is available for this year.$6.59$0.01$6.58$1.33$1.13$0.20
2016Summary only. Only limited summary data is available for this year.$6.25$0.00$6.25$1.42$0.72$0.70
2015Summary only. Only limited summary data is available for this year.$5.65$0.10$5.54$0.88$0.83$0.05
2014Summary only. Only limited summary data is available for this year.$5.68$0.18$5.50$1.63$0.97$0.66
2013Detailed filing. Detailed filing data is available for this year.$5.01$0.17$4.84$0.64$1.07$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$0.20$5.27$1.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.80$0.23$5.57$1.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.74$0.18$5.56$1.24