Chopra Foundation

“Ray chambers, ajay gupta, matthew harris, and alice walton have business relationships with deepak chopra.”

“All board members review the form 990 before it is filed.”

“The conflict of interest policy is provided to each director, officer, senior staff member and employee and is reviewed annually. Each new director, officer or employee is advised of the policy upon joining the foundation. Each director and officer signs an annual acknowledgement and conflict of interest disclosure for the corporation.”

“Leena nasser's compensation was reviewed in this manner.”

“Documents are available upon request.”

“Chopra foundation schedule o - amended return description after the 990 was filed the audit for the foundation was completed. The auditors made reclassification entries to contributions and program services. The 990 was amended in order to reconcile with the financial statements. Changes to the 990 were purely reclassifications between contributions and program services, note that page 1 lines 19 & 22 did not change as a result of the amended return. A reclassification of contributions to program services page 1 line 8 to page 1 line 9 in the amount of $299,066 was made. As a result, part iii, statement of program service accomplishments was updated. Activity related to the explorers journey, page 2 line 4a expenses increased by $46,739 and program revenue increased by 299,066. In addition, the expenses of $562,810 for the sbti research study, previously recorded on page 2 line 4b were removed. Program and fundraising expenses on part ix, statement of functional expenses were reclassified. Page 10 line 25 column b decreased by $516,071 and column c increased by the same amount. On the balance sheet, part x page 11 a reclassification was made to liabilities in the amount of $14,042 from page 11 line 25 to line 17. Updates to schedule a part iii section a were as follows, line 1 decreased by $300,945, line 2 increased by $291,566, line 7a decreased by $49,518, line 7b decreased by $209,989, and line 7c decreased by $259,507. Schedule a section b line 9 decreased by $9,379, line 13 decreased by the same amount, and section c line 15 increased by 3.1%. Additional changes to schedule a include payments from disqualified persons, and excess payments from non-disqualified persons, which were adjusted accordingly. Schedule b was updated to properly reflect the reclassification between contributions and program services. An updated contribution schedule was provided by the auditor, and as a result total number of contributors decreased by 9 with a total decrease of $350,549 on schedule b.”

“Consulting - general: program service expenses 0. Management and general expenses 62,330. Fundraising expenses 0. Total expenses 62,330. Consultant expense - sbti: program service expenses 0. Management and general expenses 80,000. Fundraising expenses 0. Total expenses 80,000. Consultant expense - ishar llc: program service expenses 0. Management and general expenses 111,076. Fundraising expenses 0. Total expenses 111,076.”

“This process has not changed from the prior year.”