Civic Intelligence

Foundation for Inner Peace Inc.

990 • Fiscal year 2016 • EIN 23-7174187

Sep 01, 2015 to Aug 31, 2016 • Filed on Apr 12, 2017

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

65th percentile

0.24x

Higher debt load relative to assets than 65% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

66th percentile

0.25x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

27th percentile

-6.0%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

86th percentile

$169,910

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 17.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

36th percentile

-1.8%

Faster asset growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

78th percentile

21%

Faster revenue growth than 78% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,001,221

Down $18,353 (-1.8%) from 2015

Net Assets

Down

$757,173

Down $58,384 (-7.2%) from 2015

Liabilities

Up

$244,048

Up $40,031 (+20%) from 2015

Revenue

Up

$977,207

Up $169,660 (+21%) from 2015

Expenses

Up

$1,035,591

Up $4,511 (+0.4%) from 2015

Net Income

Up

-$58,384

Up $165,149 (+74%) from 2015

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

2016

Assets$1,001,221
Liabilities$244,048
Net Assets$757,173

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

2016

Revenue$977,207
Expenses$1,035,591
Net Income-$58,384
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Apr 12, 2017
Return Version
2015v3.0
Gross Receipts
$1,363,481
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$477,612$438,994▼ $38,618
Cash and Non-Interest-Bearing Accounts$49,489$270,602▲ $221,113
Inventories for Sale or Use$112,953$187,675▲ $74,722
Savings and Temporary Cash Investments$365,761$90,679▼ $275,082
Land, Buildings, and Equipment, Net$903$415▼ $488
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$1,019,574$1,001,221▼ $18,353
Other Assets Total$12,856$12,856→ $0
Liabilities
Other Liabilities$201,870$212,724▲ $10,854
Accounts Payable and Accrued Expenses$2,147$31,324▲ $29,177
Total Liabilities$204,017$244,048▲ $40,031
Net Assets / Fund Balance
Unrestricted Net Assets$815,557$757,173▼ $58,384
Total Net Assets Fund Balance$815,557$757,173▼ $58,384
Total Liabilities and Net Assets / Fund Balance$1,019,574$1,001,221▼ $18,353

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$415$15,793$16,208
Equipment-$14,962$14,962
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Judith WhitsonPresident/TteeFT$150,000$22,000$154,000
Robert E SkutchVP/Tres/TrusteeFT$125,000$4,910$147,910
Tamara MorganVPPT$72,000-$72,000
William WhitsonSect/VP/TrusteeFT$42,000-$42,000

Board Members and Trustees

NameTitle
Diane TempleTrustee
Ilene KrischerTrustee
Theresa AbramsTrustee
Robert RosenthalVP/Trustee

Highest Paid Contractors

ContractorServicesLocationCompensation
RR Donnelley & Sons CompanyPrinting35 West Wacker Drive, Chicago, IL 60601$129,205
LindenmeyrPrintingThree Manhattanville Road, Purchase, NY 10577$109,190
Revenue and Support

Revenue Composition

Contributions and Grants
$245,223
Program Service Revenue
$110,182
Investment Income
$88
Other Revenue
$621,714
All Other Contributions
$245,223
Change in Net Assets
$-58,384

Audited Revenue Reconciliation

Revenue per Audited Statements
$977,207
Total Revenue per Audited Statements
$977,207
Total Revenue per Form 990
$977,207
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$618,150
Other Expenses$417,441
Total Fundraising Expense$54,433
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$365,195$22,189$26,526$413,910
Other Salaries and Wages$122,155$7,422$8,873$138,450
Occupancy$104,741$15,321$7,071$127,133
Fees for Services Other$61,665--$61,665
Payroll Taxes$32,628$1,982$2,370$36,980
All Other Expenses$20,105$13,681$1,410$35,196
Other Employee Benefits$25,420$1,544$1,846$28,810
Other Expenses$20,611$1,392$1,664$20,611
Fees for Services Accounting-$18,525-$18,525
Fees for Services Legal-$18,379-$18,379
Travel$12,909$298-$13,207
Insurance$2,178$5,267$98$7,543
Conferences and Meetings$2,960--$2,960
Depreciation Depletion$431$26$31$488
Total Functional Expenses$871,331$109,827$54,433$1,035,591

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,035,591
Total Expenses per Audited Statements$1,035,591
Total Expenses per Form 990$1,035,591
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$84,000
Judith WhitsonPres/TrusteeRental SubletNo$46,800

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$212,724
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
2017-04-12
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
7

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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IRS990ScheduleD/RevenueSubtotalAmt0977207
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

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