Civic Intelligence

Foundation for Inner Peace Inc.

990 • Fiscal year 2015 • EIN 23-7174187

Sep 01, 2014 to Aug 31, 2015 • Filed on Apr 01, 2016

PO Box 598Mill Valley, CA 94942

(415) 388-2060

Siviq Scores

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

Liabilities / Assets

61st percentile

0.20x

Higher debt load relative to assets than 61% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

66th percentile

0.25x

Higher debt load relative to revenue than 66% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

11th percentile

-28%

Higher net margin than 11% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

84th percentile

$154,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$1,019,574

No earlier filing loaded for comparison.

Net Assets

$815,557

No earlier filing loaded for comparison.

Liabilities

$204,017

No earlier filing loaded for comparison.

Revenue

$807,547

No earlier filing loaded for comparison.

Expenses

$1,031,080

No earlier filing loaded for comparison.

Net Income

-$223,533

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $1,019,574Liabilities 2015: $204,017Net Assets 2015: $815,5572015Assets 2016: $1,001,221Liabilities 2016: $244,048Net Assets 2016: $757,1732016Assets 2017: $1,337,460Liabilities 2017: $415,086Net Assets 2017: $922,3742017Assets 2018: $1,665,614Liabilities 2018: $460,018Net Assets 2018: $1,205,5962018Assets 2019: $1,093,506Liabilities 2019: $43,167Net Assets 2019: $1,050,3392019Assets 2020: $770,370Liabilities 2020: $187,874Net Assets 2020: $582,4962020Assets 2021: $735,912Liabilities 2021: $245,546Net Assets 2021: $490,3662021Assets 2022: $775,792Liabilities 2022: $58,223Net Assets 2022: $717,5692022Assets 2023: $884,749Liabilities 2023: $40,442Net Assets 2023: $844,3072023Assets 2024: $1,036,368Liabilities 2024: $102,781Net Assets 2024: $933,5872024

Highlighted filing

2015

Assets$1,019,574
Liabilities$204,017
Net Assets$815,557

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2015: $807,547Expenses 2015: $1,031,080Net Income 2015: -$223,5332015Revenue 2016: $977,207Expenses 2016: $1,035,591Net Income 2016: -$58,3842016Revenue 2017: $1,408,923Expenses 2017: $1,293,440Net Income 2017: $115,4832017Revenue 2018: $1,466,576Expenses 2018: $1,372,241Net Income 2018: $94,3352018Revenue 2019: $1,411,967Expenses 2019: $1,570,589Net Income 2019: -$158,6222019Revenue 2020: $1,135,078Expenses 2020: $1,602,199Net Income 2020: -$467,1212020Revenue 2021: $1,434,620Expenses 2021: $1,526,266Net Income 2021: -$91,6462021Revenue 2022: $469,535Expenses 2022: $399,330Net Income 2022: $70,2052022Revenue 2023: $1,424,659Expenses 2023: $1,297,921Net Income 2023: $126,7382023Revenue 2024: $1,449,537Expenses 2024: $1,360,257Net Income 2024: $89,2802024

Highlighted filing

2015

Revenue$807,547
Expenses$1,031,080
Net Income-$223,533
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Apr 1, 2016
Return Version
2014v6.0
Gross Receipts
$1,278,453
Mission and Program Overview

Mission

To enhance spirituality through the dissemination of a metaphysical thought system

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$502,419$477,612▼ $24,807
Savings and Temporary Cash Investments$382,330$365,761▼ $16,569
Inventories for Sale or Use$164,901$112,953▼ $51,948
Cash and Non-Interest-Bearing Accounts$129,148$49,489▼ $79,659
Land, Buildings, and Equipment, Net$1,884$903▼ $981
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,193,538$1,019,574▼ $173,964
Other Assets Total$12,856$12,856→ $0
Liabilities
Other Liabilities$147,273$201,870▲ $54,597
Accounts Payable and Accrued Expenses$5,973$2,147▼ $3,826
Total Liabilities$153,246$204,017▲ $50,771
Net Assets / Fund Balance
Unrestricted Net Assets$1,040,292$815,557▼ $224,735
Total Net Assets Fund Balance$1,040,292$815,557▼ $224,735
Total Liabilities and Net Assets / Fund Balance$1,193,538$1,019,574▼ $173,964

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$903$15,305$16,208
Equipment-$14,962$14,962
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Judith WhitsonPresident/TteeFT$150,000$68,245$154,000
Robert E SkutchVP/Tres/TrusteeFT$82,550$4,910$151,705
William WhitsonSect/VP/TrusteeFT$36,000-$36,000
Tamara MorganVPPT$36,000-$36,000
Robert RosenthalVP/TrusteePT$4,500-$4,500

Board Members and Trustees

NameTitle
Diane TempleTrustee
Ilene KrischerTrustee
Theresa AbramsTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$209,735
Program Service Revenue
$84,111
Investment Income
$1,903
Other Revenue
$511,798
All Other Contributions
$209,735
Change in Net Assets
$-223,533

Audited Revenue Reconciliation

Revenue per Audited Statements
$807,547
Revenue Not Reported on Form 990
$-1,202
Total Revenue per Audited Statements
$806,345
Total Revenue per Form 990
$807,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$621,585
Other Expenses$409,495
Total Fundraising Expense$53,435
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$339,671$16,107$24,532$380,310
Other Salaries and Wages$158,301$7,495$11,414$177,210
Occupancy$103,290$11,642$7,062$121,994
Fees for Services Other$87,062--$87,062
Payroll Taxes$32,664$1,549$2,359$36,572
Other Employee Benefits$24,556$1,164$1,773$27,493
All Other Expenses$11,398$14,296$825$26,519
Fees for Services Legal-$24,904-$24,904
Fees for Services Accounting-$18,450-$18,450
Travel$13,505$406-$13,911
Other Expenses$11,445$543$827$12,815
Insurance$2,229$6,511$102$8,842
Conferences and Meetings$3,114--$3,114
Depreciation Depletion$876$42$63$981
Total Functional Expenses$871,595$106,050$53,435$1,031,080

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,031,080
Total Expenses per Audited Statements$1,031,080
Total Expenses per Form 990$1,031,080
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Cathy CorpOfficer/TteeTranslation FeesNo$81,000
Judith WhitsonPres/TrusteeRental SubletNo$46,250

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
Deferred Compensation Liability$201,870
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Judith Whitson and William Whitson - Family Relationship

Form 990, Part VI, Line 11B: Form 990 Review Process

The Treasurer of the Organization reviews the return prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Possible conflict of interest relations are discussed at the annual Board meetings.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Independent members of the Board serve as a compensation committee for officers and top management and review compensation packages annually.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Foundation's annual tax returns and audits are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Foundation for Inner Peace Inc
EIN
23-7174187
Phone
4153882060
Address
PO Box 598, Mill Valley, CA 94942

Signing Officer

Name
Robert E Skutch
Title
VP/Tres/Trustee
Signed
2016-04-01
Discuss with paid preparer
No

Organization Details

Principal Officer
Judith Whitson
Formed
1979
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
4
Employees
8

Preparer

Firm
Fontanello Duffield & Otake LLP
Address
44 Montgomery Street Suite 1305, San Francisco, CA 94104
Preparer
Carol Duffield
Phone
4159830200
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Foundation for Inner Peace, Inc. ("FFIP") believes that it has appropriate support for the tax position taken and, as such, does not have any uncertain tax positions that result in a material impact on the FFIPs statement of position or statement of activities.

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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01164
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024556
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027493
IRS990/OtherExpensesGrp/Desc0Postage and Shipping
IRS990/OtherExpensesGrp/Desc1Web Costs
IRS990/OtherExpensesGrp/Desc2Public Relations
IRS990/OtherExpensesGrp/Desc3Supplies
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IRS990/OtherExpensesGrp/FundraisingAmt12203
IRS990/OtherExpensesGrp/FundraisingAmt2827
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01494
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11447
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2543
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IRS990/OtherExpensesGrp/ProgramServicesAmt221476
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07495
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0158301
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02359
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01549
IRS990/PayrollTaxesGrp/ProgramServicesAmt032664
IRS990/PayrollTaxesGrp/TotalAmt036572
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Judith Whitson
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IRS990/ProgramServiceRevenueGrp/Desc0Royalties
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0213116
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt05000
IRS990/PYInvestmentIncomeAmt04988
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IRS990/PYOtherRevenueAmt0641667
IRS990/PYProgramServiceRevenueAmt0106935
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IRS990/PYTotalRevenueAmt0966706
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990/ReconcilationRevenueExpnssAmt0-223533
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0199285
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0157149
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt047502
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt043523
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt042598
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0230980
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04948253
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01001915
IRS990ScheduleA/TotalSupportAmt01232895
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/ExpensesSubtotalAmt01031080
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0903
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016208
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0201870
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Compensation Liability
IRS990ScheduleD/RevenueNotReportedAmt0-1202
IRS990ScheduleD/RevenueSubtotalAmt0807547
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Foundation for Inner Peace, Inc. ("FFIP") believes that it has appropriate support for the tax position taken and, as such, does not have any uncertain tax positions that result in a material impact on the FFIPs statement of position or statement of activities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0903
IRS990ScheduleD/TotalExpensesPerForm990Amt01031080
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IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
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