Civic Intelligence

Global Projects for Peace

990 • Fiscal year 2020 • EIN 26-1116889

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

500 North 3rd Street 113Fairfield, IA 52556

(641) 472-6655

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

42nd percentile

1.9%

Higher net margin than 42% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

41st percentile

$25,466

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

19th percentile

-3.4%

Faster asset growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

71st percentile

15%

Faster revenue growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$274,449

Down $9,705 (-3.4%) from 2019

Net Assets

Up

$272,063

Up $23,367 (+9.4%) from 2019

Liabilities

Down

$2,386

Down $33,072 (-93%) from 2019

Revenue

Up

$1,236,516

Up $162,351 (+15%) from 2019

Expenses

Up

$1,213,149

Up $229,235 (+23%) from 2019

Net Income

Down

$23,367

Down $66,884 (-74%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2014: $143,132Liabilities 2014: $36,961Net Assets 2014: $106,1712014Assets 2015: $167,640Liabilities 2015: $36,179Net Assets 2015: $131,4612015Assets 2016: $198,371Liabilities 2016: $36,152Net Assets 2016: $162,2192016Assets 2017: $121,256Liabilities 2017: $38,776Net Assets 2017: $82,4802017Assets 2019: $284,154Liabilities 2019: $35,458Net Assets 2019: $248,6962019Assets 2020: $274,449Liabilities 2020: $2,386Net Assets 2020: $272,0632020Assets 2021: $299,357Liabilities 2021: $5,532Net Assets 2021: $293,8252021Assets 2022: $516,359Liabilities 2022: $2,662Net Assets 2022: $513,6972022Assets 2023: $371,061Liabilities 2023: $3,366Net Assets 2023: $367,6952023Assets 2024: $288,566Liabilities 2024: $2,112Net Assets 2024: $286,4542024

Highlighted filing

2020

Assets$274,449
Liabilities$2,386
Net Assets$272,063

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $666,192Expenses 2014: $648,705Net Income 2014: $17,4872014Revenue 2015: $750,335Expenses 2015: $725,046Net Income 2015: $25,2892015Revenue 2016: $663,145Expenses 2016: $632,387Net Income 2016: $30,7582016Revenue 2017: $844,771Expenses 2017: $924,510Net Income 2017: -$79,7392017Revenue 2019: $1,074,165Expenses 2019: $983,914Net Income 2019: $90,2512019Revenue 2020: $1,236,516Expenses 2020: $1,213,149Net Income 2020: $23,3672020Revenue 2021: $1,155,422Expenses 2021: $1,133,660Net Income 2021: $21,7622021Revenue 2022: $1,314,358Expenses 2022: $1,094,486Net Income 2022: $219,8722022Revenue 2023: $960,963Expenses 2023: $1,106,965Net Income 2023: -$146,0022023Revenue 2024: $586,682Expenses 2024: $667,922Net Income 2024: -$81,2402024

Highlighted filing

2020

Revenue$1,236,516
Expenses$1,213,149
Net Income$23,367
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$1,236,516
Mission and Program Overview

Mission

The purpose of Seeds of Heaven is "to perform activities for the support and benefit of Global Country of World Peace, an Iowa non-profit corporation," through programs bringing enlightenment to the individual, invincibility to every nation and world peace.Seeds of Heaven is engaged in supporting the work of Global Country of World Peace USA by engaging in the following charitable activities, which but for Seeds of Heaven would be engaged in by GCWP, to support the teaching of Transcendental Meditation and other programs of the Global Country of World Peace in countries around the world--facilitating travel and participation of candidates from emerging countries in International Transcendental Meditation Teacher Training courses,--organizing tours of experts in Consciousness-Based Education and Advanced Programs in Africa and the Caribbean,--supporting the founding and development of Transcendental Meditation teaching organizations and Consciousness-Based schools in Africa, Asia, Latin

The purpose of Global Projects for Peace is "to perform activities for the support and benefit of Global Country of World Peace, an Iowa non-profit corporation," through programs bringing enlightenment to the individual, invincibility to every nation and world peace.Global Projects for Peace is engaged in supporting the work of Global Country of World Peace USA by engaging in the following charitable activities, which but for Global Projects for Peace would be engaged in by GCWP, to support the teaching of transcendental meditation and other programs of the Global Country of World Peace in countries around the world--facilitating travel and participation of candidates from emerging countries in international transcendental meditation teacher training courses,--organizing tours of experts in consciousness-based education and advanced programs in Africa and the caribbean,--supporting the founding and development of transcendental meditation teaching organizations and consciousness-based

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$238,621$229,272▼ $9,349
Other Notes and Loans Receivable, Net$45,000$45,000→ $0
Loans From Officers Directors$33,790--
Land, Buildings, and Equipment, Net$532$177▼ $355
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$284,154$274,449▼ $9,705
Other Assets Total$1$0▼ $1
Liabilities
Accounts Payable and Accrued Expenses$1,668$2,385▲ $717
Other Liabilities-$1-
Total Liabilities$35,458$2,386▼ $33,072
Net Assets / Fund Balance
Net Assets With Donor Restrictions$235,237$262,392▲ $27,155
Net Assets Without Donor Restrictions$13,459$9,671▼ $3,788
Total Net Assets Fund Balance$248,696$272,063▲ $23,367
Total Liabilities and Net Assets / Fund Balance$284,154$274,449▼ $9,705

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$177$2,902$3,079
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Constance OlsonTreasurerPT$25,466$25,466

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,236,772
Program Service Revenue
$0
Investment Income
$54
Other Revenue
$-310
All Other Contributions
$1,236,772
Change in Net Assets
$23,367

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$123,938Trade Value
Total Noncash Contributions5$123,938-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$970,705
Other Expenses$191,114
Salaries, Compensation, and Employee Benefits$51,330
Total Fundraising Expense$531
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$970,705--$970,705
Fees for Services Other$95,040$480$480$96,000
Travel$28,012--$28,012
Current Officers, Directors, Trustees, and Key Employees-$25,466-$25,466
Other Salaries and Wages-$21,686-$21,686
All Other Expenses$18,545--$18,545
Office Expenses-$14,971-$14,971
Other Expenses$4,869$5,286$34$4,869
Royalties$4,609--$4,609
Payroll Taxes-$4,178-$4,178
Fees for Services Accounting$2,995$15$15$3,025
Insurance-$2,586-$2,586
Depreciation Depletion$355--$355
Fees for Services Legal$292$1$2$295
Total Functional Expenses$1,137,915$74,703$531$1,213,149
International Activity

International Summary

Spending
$970,705

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
Sub-saharan AfricaGrantsEducation00$705,213
East Asia & PacificGrantsEducation00$132,035
VariousGrantsEducation00$39,330
North AmericaGrantsEducation00$29,617
South AsiaGrantsEducation00$27,000
Middle EastGrantsEducation00$17,000
EuropeGrantsEducation00$9,353
Central America & CaribbeanGrantsEducation00$7,040
Russia & Neighboring CountriesGrantsEducation00$4,117
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
Loans from Officers, Directors, Trustees, and Key Employees$33,790--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

One married couple is on the board.

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

Returns are reviewed before filing.

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

Each board member signs an agreement to follow conflict of interest policy.

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

Documents are made available.

Filing and Contact Details

Filer

Filer Name
Global Projects for Peace
EIN
26-1116889
Phone
6414726655
Address
500 NORTH 3RD STREET 113, FAIRFIELD, IA 52556

Signing Officer

Name
Constance Olson
Title
Treasurer
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Constance Olson
Formed
2008
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
8
Employees
4
Volunteers
50

Preparer

Firm
Arbogast Balmer Nelson Van Mersbergen
Address
500 N 3RD ST SUITE 113, FAIRFIELD, IA 52556
Preparer
Tamara Arbogast
Phone
6414724773
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0NAME OF SUPPORTED ORGANIZATION: GLOBAL COUNTRY OF WORLD PEACE (GCWP) WHOSE MISSION IS TO SERVE AS A NONPROFIT ORGANIZATION ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL, CHARITABLE, AND SCIENTIFIC PURPOSES TO MAKE TOTAL KNOWLEDGE OF NATURAL LAW AS BROUGHT TO LIGHT BY MAHARISHI MAHESH YOGI (INCLUDING THE TRANSCENDENTAL MEDITATION AND THE TM-SIDHI PROGRAMS) EASILY AVAILABLE IN ITS COMPLETENESS TO INDIVIDUALS AND INSTITUTIONS AROUND THE WORLD TO PROVIDE THE MEANS FOR CREATING A PERMANENT STATE OF HARMONY AND WORLD PEACE.GLOBAL PROJECTS FOR PEACE, A FUNCTIONALLY-INTEGRATED SUPPORTING ORGANIZATION OF GCWP, IS RESPONSIVE TO GCWP BY ADMINISTERING PROGRAMS PROMOTING ADVANCEMENT OF TOTAL KNOWLEDGE OF NATURAL LAW (AS DESCRIBED ABOVE) THROUGH EDUCATIONAL PROGRAMS, AGRICULTURAL PROJECTS AND SCIENTIFIC RESEARCH THROUGHOUT THE WORLD IN LOCATIONS SUCH AS AFRICA, NEPAL, THAILAND, THE CARIBBEAN, EASTERN EUROPE, SOUTHEAST ASIA, ETC.GLOBAL PROJECTS FOR PEACE REVIEWS AND APPROVES EACH GRANT AND REIMBURSEMENT TO ENSURE THAT THE FUNDS ARE BEING SPENT EXCLUSIVELY ON PROJECTS THAT ARE IN ACCORD WITH GCWP AND THEREBY MUTUALLY GLOBAL PROJECTS FOR PEACE'S MISSION/GOALS.
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