Civic Intelligence

Legacy of Yogi Bhajan Foundation

990 • Fiscal year 2023 • EIN 20-0418002

Jan 01, 2023 to Dec 31, 2023 • Filed on May 08, 2024

PO Box 1910Santa Cruz, NM 87567

(505) 367-1380

Siviq Scores

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

Liabilities / Assets

41st percentile

0.11x

Higher debt load relative to assets than 41% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.83x

Higher debt load relative to revenue than 77% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

55th percentile

5.7%

Higher net margin than 55% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

49th percentile

$177,479

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

51st percentile

6.5%

Faster asset growth than 51% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

81st percentile

31%

Faster revenue growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$21,261,008

Up $1,306,439 (+6.5%) from 2022

Net Assets

Up

$18,886,508

Up $1,150,830 (+6.5%) from 2022

Liabilities

Up

$2,374,500

Up $155,609 (+7.0%) from 2022

Revenue

Up

$2,870,599

Up $683,719 (+31%) from 2022

Expenses

Up

$2,705,823

Up $409,015 (+18%) from 2022

Net Income

Up

$164,776

Up $274,704 (+250%) from 2022

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $6,184,828Liabilities 2010: $124,813Net Assets 2010: $6,060,0152010Assets 2011: $5,901,608Liabilities 2011: $17,188Net Assets 2011: $5,884,4202011Assets 2012: $5,894,024Liabilities 2012: $31,654Net Assets 2012: $5,862,3702012Assets 2013: $5,776,196Liabilities 2013: $74,732Net Assets 2013: $5,701,4642013Assets 2014: $5,743,152Liabilities 2014: $146,083Net Assets 2014: $5,597,0692014Assets 2015: $5,628,234Liabilities 2015: $100,318Net Assets 2015: $5,527,9162015Assets 2016: $5,581,008Liabilities 2016: $10,281Net Assets 2016: $5,570,7272016Assets 2017: $5,576,530Liabilities 2017: $13,976Net Assets 2017: $5,562,5542017Assets 2018: $15,798,511Liabilities 2018: $97,325Net Assets 2018: $15,701,1862018Assets 2019: $16,173,115Liabilities 2019: $39,398Net Assets 2019: $16,133,7172019Assets 2020: $18,393,323Liabilities 2020: $1,978,092Net Assets 2020: $16,415,2312020Assets 2021: $17,787,649Liabilities 2021: $2,019,238Net Assets 2021: $15,768,4112021Assets 2022: $19,954,569Liabilities 2022: $2,218,891Net Assets 2022: $17,735,6782022Assets 2023: $21,261,008Liabilities 2023: $2,374,500Net Assets 2023: $18,886,5082023Assets 2024: $20,643,145Liabilities 2024: $2,461,699Net Assets 2024: $18,181,4462024

Highlighted filing

2023

Assets$21,261,008
Liabilities$2,374,500
Net Assets$18,886,508

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,151,1512010Expenses 2011: $907,6532011Expenses 2012: $926,2602012Revenue 2013: $832,940Expenses 2013: $966,001Net Income 2013: -$133,0612013Revenue 2014: $953,708Expenses 2014: $1,112,449Net Income 2014: -$158,7412014Revenue 2015: $982,429Expenses 2015: $1,037,012Net Income 2015: -$54,5832015Revenue 2016: $1,052,934Expenses 2016: $1,016,847Net Income 2016: $36,0872016Revenue 2017: $1,214,043Expenses 2017: $1,223,165Net Income 2017: -$9,1222017Revenue 2018: $12,040,255Expenses 2018: $1,787,856Net Income 2018: $10,252,3992018Revenue 2019: $2,064,767Expenses 2019: $1,767,877Net Income 2019: $296,8902019Revenue 2020: $2,399,613Expenses 2020: $1,664,034Net Income 2020: $735,5792020Revenue 2021: $1,568,900Expenses 2021: $2,280,238Net Income 2021: -$711,3382021Revenue 2022: $2,186,880Expenses 2022: $2,296,808Net Income 2022: -$109,9282022Revenue 2023: $2,870,599Expenses 2023: $2,705,823Net Income 2023: $164,7762023Revenue 2024: $2,110,767Expenses 2024: $2,756,065Net Income 2024: -$645,2982024

Highlighted filing

2023

Revenue$2,870,599
Expenses$2,705,823
Net Income$164,776
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 8, 2024
Return Version
2023v5.0
Gross Receipts
$3,187,101
Mission and Program Overview

Mission

The primary mission of lyf foundation is to preserve and maintain and make available for the meditative public, those heritage properties that yogiji developed for future generations: guru ram das ashram in los angeles, guru ram das puri in new mexico (where summer solstice, children's camp and ladies camp are held) and yogiji's espanola ranch. These properties were specifically designed for meditation, contemplation and prayer and are places where the public can directly experience yogiji's vision, personality and connection with guru ram das, the fourth sikh guru.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,114,764$16,700,436▲ $1,585,672
Investments in Publicly Traded Securities$750,645$1,201,461▲ $450,816
Cash and Non-Interest-Bearing Accounts$601,026$950,988▲ $349,962
Accounts Receivable$215,636$0▼ $215,636
Pledges and Grants Receivable$979,492$126,702▼ $852,790
Savings and Temporary Cash Investments$55,856$44,260▼ $11,596
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$19,954,569$21,261,008▲ $1,306,439
Other Assets Total$2,237,150$2,237,161▲ $11
Liabilities
Other Liabilities$2,199,456$2,381,493▲ $182,037
Accounts Payable and Accrued Expenses$19,435$-6,993▼ $26,428
Total Liabilities$2,218,891$2,374,500▲ $155,609
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,663,163$18,813,993▲ $1,150,830
Net Assets With Donor Restrictions$72,515$72,515→ $0
Total Net Assets Fund Balance$17,735,678$18,886,508▲ $1,150,830
Total Liabilities and Net Assets / Fund Balance$19,954,569$21,261,008▲ $1,306,439

Asset Categories

AssetBook ValueDepreciationBasis
Land$8,397,193-$8,397,193
Buildings$3,806,871$877,432$4,684,303
Leasehold Improvements$2,283,878$1,542,633$3,826,511
Other Land Buildings$2,145,063$576,171$2,721,234
Equipment$67,431$168,454$235,885
Other Assets Org$2,950--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bibiji Inderjit KaurDirector--$116,016$116,016
Gurujot Kaur KhalsaDirector--$112,494$112,494
Sardarni Guru Amrit Kaur KhalsaDirector--$89,314$89,314
Guru Sadhana Kaur KhalsaCEO of Lyf Management LLCFT$75,000$12,814$87,814
Ek Ong Kaar Kaur MichaudDirector--$85,000$85,000
Gurumeet Kaur KhalsaDirector--$58,894$58,894
Sahaj Singh KhalsaPresident--$28,625$28,625
Guru Tej Singh KhalsaDirector--$10,834$10,834
Sirivishnu Singh KhalsaDirector--$7,582$7,582
Guruka Singh KhalsaDirector--$550$550
Revenue and Support

Revenue Composition

Contributions and Grants
$1,610,579
Program Service Revenue
$0
Investment Income
$174,741
Other Revenue
$1,085,279
All Other Contributions
$61,176
Change in Net Assets
$164,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,299,772
Grants and Similar Amounts Paid$727,970
Salaries, Compensation, and Employee Benefits$678,081
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$727,970--$727,970
Other Salaries and Wages$477,068$53,007-$530,075
Depreciation Depletion$252,865--$252,865
Insurance$101,731$25,433-$127,164
Other Expenses$93,292--$93,292
Current Officers, Directors, Trustees, and Key Employees$87,814--$87,814
All Other Expenses$56,016$7,967-$63,983
Other Employee Benefits$36,366--$36,366
Fees for Services Accounting$21,762$5,440-$27,202
Payroll Taxes$21,443$2,383-$23,826
Fees for Services Legal$16,330$4,082-$20,412
Information Technology$5,250$1,312-$6,562
Office Expenses$5,163$1,291-$6,454
Occupancy$3,662$915-$4,577
Travel$2,039--$2,039
Total Functional Expenses$2,603,993$101,830$0$2,705,823
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sikh Dharma Education IntSanta Cruz, NM-See Part Iv$727,970

International Summary

Employees
1

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
IndiaProgram ServicesMgmt. of Property01$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Siri Singh Sahib Corporation$2,288,840
Payroll Liability$67,802
Rent deposits from Tenants$14,295
Credit Card$10,555
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section B, Line 12C

Conflicts of interest are disclosed in each meeting. Conflicted persons are withheld from voting.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Form 990, Part VI, Line 11B - Form 990, Part VI, Line 11B

Organization's process to review form 990 the president and/or vice president, who are responsible to the board, are provided a copy of form 990 and all attachments for review prior to filing. The draft return is provided to the board of directors with recommendations after it is reviewed by the president and/or vice president.

Form 990, Part VI, Line 12C - Enforcement of Conflicts Policy

The grounds manager, property manager, president and/or vice president and board members continually and perpetually monitor all personnel for compliance and if there is an abuse action is taken at that time.

Form 990, Part VI, Line 19

Governing documents disclosure explanation the organization currently makes it governing documents available to the public upon request.

Form 990, Part VI, Line 7A - Election of Members and Their Rights

The directors of the corporation will be designated by the siri singh sahib corporation, an oregon corporation, a nonprofit religious corporation.

Form 990, Part VI, Line 7B - Decisions Subject to Approval of Members

Some decisions by the board are subject to approval by the member siri singh sahib corporation, a non-profit religious corporation. Decisions that are subject to approval are: disposition of assets, borrowing of funds, or acquiring capital assets in excess of $100,000 commencement or threat of commencement of any legal action authorization of dissolution, merger, joint venture, or sale of all corporate assets, and actions that could jeopardize the corporation's lyb's tax-exempt status.

Form 990, Part VI, Line 8B - Documentation by Committee Explanation

The organization does not have committees with authority to act on behalf of the governing body.

Filing and Contact Details

Filer

Filer Name
Legacy of Yogi Bhajan Foundation
EIN
20-0418002
Phone
5053671380
Address
PO BOX 1910, SANTA CRUZ, NM 87567

Signing Officer

Name
Guru Sangat Singh Khalsa
Title
Director
Signed
2024-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Satwant Singh Khalsa
Formed
2004
Legal Domicile
Or
Voting Board Members
17
Independent Board Members
17
Employees
17

Preparer

Firm
Khalsa Group LLC
Address
1718 CAPITOL AVE, CHEYENNE, WY 82001
Preparer
Harisimran Khalsa
Phone
7607107473
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The primary mission of legacy of yogi bhajan foundation is to preserve and maintain and make available for the meditative public, those heritage properties that yogiji developed for future generations: guru ram das ashram in los angeles, guru ram das puri in new mexico where summer solstice, children's camp and ladies camp are held and yogiji's espanola ranch. These properties were specifically designed for meditation, contemplation and prayer and are places where the public can directly experience yogiji's vision, personality and connection with guru ram das, the fourth sikh guru.

Form 990 Part III, Line 4

Collections and relation to exempt purpose various works of art are maintained to aid the organization in achiveing its mission to preserve and make available for the meditative public, those heritage properties that yogiji developed for future generations.

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IRS990/Desc0THE PRIMARY MISSION OF LEGACY OF YOGI BHAJAN FOUNDATION IS TO PRESERVE AND MAINTAIN AND MAKE AVAILABLE FOR THE MEDITATIVE PUBLIC, THOSE HERITAGE PROPERTIES THAT YOGIJI DEVELOPED FOR FUTURE GENERATIONS: GURU RAM DAS ASHRAM IN LOS ANGELES, GURU RAM DAS PURI IN NEW MEXICO WHERE SUMMER SOLSTICE, CHILDREN'S CAMP AND LADIES CAMP ARE HELD AND YOGIJI'S ESPANOLA RANCH. THESE PROPERTIES WERE SPECIFICALLY DESIGNED FOR MEDITATION, CONTEMPLATION AND PRAYER AND ARE PLACES WHERE THE PUBLIC CAN DIRECTLY EXPERIENCE YOGIJI'S VISION, PERSONALITY AND CONNECTION WITH GURU RAM DAS, THE FOURTH SIKH GURU.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4CEO OF LYF MANAGEMENT LLC
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15President
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IRS990/PYContributionsGrantsAmt01374237
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IRS990/PYInvestmentIncomeAmt018398
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IRS990/PYOtherRevenueAmt0794245
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IRS990/PYTotalExpensesAmt02296808
IRS990/PYTotalRevenueAmt02186880
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IRS990/RelatedOrganizationsAmt01340400
IRS990/RentalIncomeOrLossGrp/RealAmt0637872
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.6$2.46$18.2$2.11$2.76$0.65
2023Detailed filing. Detailed filing data is available for this year.$21.3$2.37$18.9$2.87$2.71$0.16
2022Detailed filing. Detailed filing data is available for this year.$20.0$2.22$17.7$2.19$2.30$0.11
2021Detailed filing. Detailed filing data is available for this year.$17.8$2.02$15.8$1.57$2.28$0.71
2020Detailed filing. Detailed filing data is available for this year.$18.4$1.98$16.4$2.40$1.66$0.74
2019Detailed filing. Detailed filing data is available for this year.$16.2$0.04$16.1$2.06$1.77$0.30
2018Detailed filing. Detailed filing data is available for this year.$15.8$0.10$15.7$12.0$1.79$10.3
2017Summary only. Only limited summary data is available for this year.$5.58$0.01$5.56$1.21$1.22$0.01
2016Detailed filing. Detailed filing data is available for this year.$5.58$0.01$5.57$1.05$1.02$0.04
2015Detailed filing. Detailed filing data is available for this year.$5.63$0.10$5.53$0.98$1.04$0.05
2014Detailed filing. Detailed filing data is available for this year.$5.74$0.15$5.60$0.95$1.11$0.16
2013Detailed filing. Detailed filing data is available for this year.$5.78$0.07$5.70$0.83$0.97$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.89$0.03$5.86$0.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.90$0.02$5.88$0.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.18$0.12$6.06$1.15