Civic Intelligence

Maharishi International University

EIN 42-1315493 • 501(c)3 • Fairfield, IA

View Organization Page

Profile

Education used to develop every student's creative potential through maharishi's consciousness-based education, thereby raising every nation to invincibility and creating peace and prosperity for our world family.

1000 N 4th StFairfield, IA 52557

www.miu.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.35x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.53x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

23rd percentile

-3.5%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

20th percentile

$202,600

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

10th percentile

-7.1%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

22nd percentile

-3.5%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$87,333,276

Down $7,019,539 (-7.4%) from 2023

Liabilities

Down

$30,309,364

Down $3,368,655 (-10%) from 2023

Net Assets

Down

$57,023,912

Down $3,650,884 (-6.0%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin23rd percentile

Revenue

Down

$55,349,155

Down $7,245,637 (-12%) from 2023

Expenses

Up

$59,432,190

Up $199,246 (+0.3%) from 2023

Net Income

Down

-$4,083,035

Down $7,444,883 (-221%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $61,514,863Liabilities 2010: $25,357,851Net Assets 2010: $36,157,0122010Assets 2011: $61,110,478Liabilities 2011: $23,600,267Net Assets 2011: $37,510,2112011Assets 2012: $61,126,640Liabilities 2012: $23,377,460Net Assets 2012: $37,749,1802012Assets 2013: $60,931,798Liabilities 2013: $23,336,347Net Assets 2013: $37,595,4512013Assets 2014: $62,988,881Liabilities 2014: $24,304,479Net Assets 2014: $38,684,4022014Assets 2015: $64,405,076Liabilities 2015: $24,861,624Net Assets 2015: $39,543,4522015Assets 2016: $64,277,175Liabilities 2016: $24,986,999Net Assets 2016: $39,290,1762016Assets 2017: $60,895,112Liabilities 2017: $23,626,187Net Assets 2017: $37,268,9252017Assets 2018: $64,065,189Liabilities 2018: $26,796,701Net Assets 2018: $37,268,4882018Assets 2019: $64,759,164Liabilities 2019: $27,129,996Net Assets 2019: $37,629,1682019Assets 2020: $69,257,233Liabilities 2020: $26,766,101Net Assets 2020: $42,491,1322020Assets 2021: $76,448,416Liabilities 2021: $27,617,458Net Assets 2021: $48,830,9582021Assets 2022: $86,101,513Liabilities 2022: $28,171,605Net Assets 2022: $57,929,9082022Assets 2023: $94,352,815Liabilities 2023: $33,678,019Net Assets 2023: $60,674,7962023Assets 2024: $87,333,276Liabilities 2024: $30,309,364Net Assets 2024: $57,023,9122024

Highlighted filing

2024

Assets$87,333,276
Liabilities$30,309,364
Net Assets$57,023,912
Open 2024 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $30,579,2382010Expenses 2011: $32,510,8872011Expenses 2012: $33,647,4102012Expenses 2013: $36,075,0892013Revenue 2014: $37,648,727Expenses 2014: $36,644,029Net Income 2014: $1,004,6982014Revenue 2015: $39,263,410Expenses 2015: $38,612,982Net Income 2015: $650,4282015Revenue 2016: $38,063,998Expenses 2016: $38,424,479Net Income 2016: -$360,4812016Revenue 2017: $37,610,062Expenses 2017: $37,378,835Net Income 2017: $231,2272017Revenue 2018: $37,358,628Expenses 2018: $37,261,339Net Income 2018: $97,2892018Revenue 2019: $37,174,833Expenses 2019: $36,639,636Net Income 2019: $535,1972019Revenue 2020: $45,057,725Expenses 2020: $40,276,310Net Income 2020: $4,781,4152020Revenue 2021: $45,568,387Expenses 2021: $39,751,896Net Income 2021: $5,816,4912021Revenue 2022: $63,354,358Expenses 2022: $54,013,830Net Income 2022: $9,340,5282022Revenue 2023: $62,594,792Expenses 2023: $59,232,944Net Income 2023: $3,361,8482023Revenue 2024: $55,349,155Expenses 2024: $59,432,190Net Income 2024: -$4,083,0352024

Highlighted filing

2024

Revenue$55,349,155
Expenses$59,432,190
Net Income-$4,083,035
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$87,333,276
Liabilities
$30,309,364
Net assets
$57,023,912
Revenue
$55,349,155
Expenses
$59,432,190
Net income
-$4,083,035
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$87.3$30.3$57.0$55.3$59.4$4.08
2023Detailed filing. Detailed filing data is available for this year.$94.4$33.7$60.7$62.6$59.2$3.36
2022Detailed filing. Detailed filing data is available for this year.$86.1$28.2$57.9$63.4$54.0$9.34
2021Detailed filing. Detailed filing data is available for this year.$76.4$27.6$48.8$45.6$39.8$5.82
2020Detailed filing. Detailed filing data is available for this year.$69.3$26.8$42.5$45.1$40.3$4.78
2019Detailed filing. Detailed filing data is available for this year.$64.8$27.1$37.6$37.2$36.6$0.54
2018Detailed filing. Detailed filing data is available for this year.$64.1$26.8$37.3$37.4$37.3$0.10
2017Detailed filing. Detailed filing data is available for this year.$60.9$23.6$37.3$37.6$37.4$0.23
2016Detailed filing. Detailed filing data is available for this year.$64.3$25.0$39.3$38.1$38.4$0.36
2015Detailed filing. Detailed filing data is available for this year.$64.4$24.9$39.5$39.3$38.6$0.65
2014Detailed filing. Detailed filing data is available for this year.$63.0$24.3$38.7$37.6$36.6$1.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.9$23.3$37.6$36.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.1$23.4$37.7$33.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.1$23.6$37.5$32.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.5$25.4$36.2$30.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 10, 2025
Return Version
2023v6.0
Gross Receipts
$59,626,575
Mission and Program Overview

Mission

Education used to develop every student's creative potential through maharishi's consciousness-based education, thereby raising every nation to invincibility and creating peace and prosperity for our world family.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$45,557,277$43,301,120▼ $2,256,157
Accounts Receivable$24,852,976$24,942,399▲ $89,423
Investments Other Securities$14,260,400$11,902,396▼ $2,358,004
Cash and Non-Interest-Bearing Accounts$4,558,922$3,811,767▼ $747,155
Prepaid Expenses and Deferred Charges$489,066$382,782▼ $106,284
Other Notes and Loans Receivable, Net$962,404$213,463▼ $748,941
Pledges and Grants Receivable$210,717$210,717→ $0
Inventories for Sale or Use$284,856$26,494▼ $258,362
Total Assets$94,352,815$87,333,276▼ $7,019,539
Other Assets Total$3,176,197$2,542,138▼ $634,059
Liabilities
Mortgage Notes Payable Secured by Investment Property$20,332,396$18,101,493▼ $2,230,903
Tax Exempt Bond Liabilities$7,060,631$6,753,906▼ $306,725
Accounts Payable and Accrued Expenses$4,094,738$3,557,043▼ $537,695
Deferred Revenue$530,726$1,269,364▲ $738,638
Other Liabilities$1,659,528$627,558▼ $1,031,970
Total Liabilities$33,678,019$30,309,364▼ $3,368,655
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$52,951,796$50,536,912▼ $2,414,884
Net Assets With Donor Restrictions$7,723,000$6,487,000▼ $1,236,000
Total Net Assets Fund Balance$60,674,796$57,023,912▼ $3,650,884
Total Liabilities and Net Assets / Fund Balance$94,352,815$87,333,276▼ $7,019,539

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,934,340$42,067,942$76,002,282
Equipment$4,398,224$17,412,796$21,811,020
Other Land Buildings$102,636$5,487,314$5,589,950
Leasehold Improvements$1,543,027$3,758,709$5,301,736
Land$3,322,893-$3,322,893
Other Securities$17,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$11,228,000$206,000▲ $745,000$66,000$12,113,000
2022$11,628,000$52,000▲ $780,000$1,232,000$11,228,000
2021$11,507,000$60,000▲ $188,000$127,000$11,628,000
2020$10,041,000$937,000▲ $859,000$330,000$11,507,000
2019$7,745,000$2,196,000▲ $601,000$501,000$10,041,000
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Payman SalekFaculty-$200,942-$200,942
Bill Smith Joined 7123VP of OnlineFT$160,503-$160,503
Bill Smith Joined 7123VP of Online Ed-$160,503-$160,503
Najeeb NajeebFacultyFT$152,180-$152,180
Dr John HagelinPresidentFT$150,084-$150,084
Chris Muller Joined 7123COOFT$146,560-$146,560
Dr Scott HerriottProvostFT$54,798$18,000$72,798
Dr Keith WallaceTrusteeFT$42,816$18,000$60,816
Dr Craig PearsonAssistant toFT$41,767$18,000$59,767
Mr Tom BrooksVP of OperatFT$35,166$18,000$53,166
Dr Rod EasonVP-enrollmenFT$50,030-$50,030
Mr Michael SpivakTreasurerFT$29,988$18,000$47,988
Dr Bevan MorrisPres-chair E--$27,600$27,600
Dr Carolyn KingTrustee-$6,400$7,200$13,600
Gaurav RijalVP of FinancFT$10,350$2,700$13,050

Board Members and Trustees

NameTitle
Dr Andy ZhongTrustee
Dr Barbara DreierTrustee
Dr Bruce CurrivanTrustee
Dr Kwesi OrgleTrustee
Dr Lorenza GarghettiTrustee
Dr Martin DavyTrustee
Dr Maureen WynneTrustee
Dr Nakisha HobbsTrustee
Dr Nat GoldhaberTrustee
Dr Neil PatersonTrustee
Dr Susan DillbeckTrustee
Dr Tom FactorTrustee
Mr Eric SchwartzTrustee
Mr Jim DavisTrustee
Mr Michael DimickTrustee
Mr Michael HeinrichTrustee
Mr Ram ShrivastavaTrustee
Mr W Scott GouldTrustee
Mrs Diane DavisTrustee
Mrs Josephine B FauersoTrustee
Mrs Toby LiebTrustee
Ms Rena BooneTrustee
Dr Christopher Hartnett ResignedTrustee Emer
Dr Fred Gratzon ResignedTrustee Emer
Dr Jeffrey Abramson ResignedTrustee Emer
Dr Michael Dillbeck ResignedTrustee Emer
Dr Paul Gelderloos ResignedTrustee Emer
Dr Ramani Ayer ResignedTrustee Emer
Dr Rashi Glazer ResignedTrustee Emer
Dr Ravi Patel ResignedTrustee Emer
Dr Rogers Badgett ResignedTrustee Emer
Dr Steve Rubin ResignedTrustee Emer
Dr Vernon Katz ResignedTrustee Emer
Dr Vincent Argiro ResignedTrustee Emer
Mr Bob Daniels ResignedTrustee Emer
Mr David Lynch ResignedTrustee Emer
Mr Doug Greenfield ResignedTrustee Emer
Mr Ted Mclaughlin ResignedTrustee Emer
Ms Joni Kimberlin ResignedTrustee Emer
Mr Ed MalloyTrustee/chai
Dr Laura WegeTrustee/vice
Dr Tom StanleyTrustee/vice
Mrs Susan TracyAssistant Se
Mr David Todt Left 63023Chief Admin
Dr Jane Schmidt-wilkFaculty Trus

Highest Paid Contractors

ContractorServicesLocationCompensation
Aladdin Food Management ServiceFood Service16567 COLLECTION CENER DRIVE, Chicago, IL 60693$3,230,462
Aramark CorporationFacility MgmtPO BOX 828441, Philadelphia, PA 19182-8441$2,272,075
Prosper CompaniesConstruction47 LAKEVIEW ROAD, Asheville, NC 28804$288,532
Top Notch CleaningConstruct/house226 N DAVIS ST, Ottumwa, IA 52501$248,920
Prosper Construction LLCConstruction903 W BROADWAY AVE, Fairfield, IA 52556$170,140
Revenue and Support

Revenue Composition

Contributions and Grants
$9,432,142
Program Service Revenue
$44,641,493
Investment Income
$83,283
Other Revenue
$1,192,237
All Other Contributions
$8,831,578
Change in Net Assets
$-4,083,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$29,068,836
Other Expenses$25,586,735
Grants and Similar Amounts Paid$4,776,619
Total Fundraising Expense$602,713
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,959,183$5,285,332$371,002$20,615,517
Other Employee Benefits$4,214,457$2,021,488-$6,235,945
Fees for Services Other$4,345,338$972,578$96,319$5,414,235
Grants to Domestic Individuals$4,411,507--$4,411,507
Occupancy$3,013,520$1,283,938$250$4,297,708
Advertising$6,416$2,762,777-$2,769,193
Depreciation Depletion$1,957,465$808,338-$2,765,803
Payroll Taxes$967,704$392,956$28,351$1,389,011
Insurance$14,208$1,086,309-$1,100,517
Other Expenses$959,968$653,521$32,379$959,968
Interest$659,233$291,864-$951,097
Current Officers, Directors, Trustees, and Key Employees$678,279$150,084-$828,363
Grants to Domestic Orgs$365,112--$365,112
Travel$60,789$72,213$24,332$157,334
Information Technology$859$76,065$3,706$80,630
Fees for Services Accounting-$72,307-$72,307
Office Expenses$16,735-$46,374$63,109
Fees for Services Legal-$32,983-$32,983
Total Functional Expenses$38,345,558$20,483,919$602,713$59,432,190
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Maharishi FoundationFairfield, IA501c3Consc.-based Educati$165,202
Maharishi Purusha ProgramFairfield, IA501c3Research in Consciou$100,000
Maharishi Global Admin Natural LawMaharishi Vedic City, IA501c3Research in Consciou$47,835
Brahmananda Saraswati FoundationFairfield, IA501c3Consc. Based Educati$44,275
Jefferson County Farmers andFairfield, IA501c3Community Education$6,300
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$87,494
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Fundrais$79,825$79,825-$79,825
Bike Fest$7,669$7,669-$7,669
Total Events$87,494$87,494-$87,494
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
Ed Malloy and Doug GreenfieldTrusteesBuilding RentNo$138,767
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Deposits$627,558

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMaharishi Vedic City Iowa2015-05-28$9,050,000See part vi 1. Refunding bonds issued on 11/3/2006 originally issued to refund prior bonds and to fi

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$9,050,000$5,950,000$2,296,094$44,144

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 35% controlled entity
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Dr michael dillbeck dr susan dillbeck trustee emer trustee husband and wife jim davis diane davis trustee trustee husband and wife ed malloy doug greenfield trustee trustee own building rented to org”

Form 990, Page 6, Part VI, Line 3

“Management of food service and facilities operations is delegated to management companies.”

Form 990, Page 6, Part VI, Line 11B

“In addition to review by the vp of finance and controller, a copy of form 990 is provided to each trustee.”

Form 990, Page 6, Part VI, Line 12C

“Annually a conflict of interest questionnaire is provided to trustees and reviewed under the written conflicts policy by the institution's general counsel and conflicts review committee if an apparent conflict is found and action is recommended. Upon hire, faculty and administrators are advised of conflicts policy and upon disclosure of conflicts the committee reviews such conflicts for appropriate action.”

Form 990, Page 6, Part VI, Line 15A

“Comparable salaries for ceo and officers and key employees are researched by the university. They are currently found to be at levels below the 10th percentile or between 25% and 50% of the median wage nationally for administrative (ceo) or key administrative or faculty positions. This data was determined from the federal integrated postsecondary education data system (ipeds) and bureau of labor statistics occupational employment statistics report. Should such wages approach 90% of those reported median wage figures, an independent review, comparability data and contemporaneous substantiation would be obtained.”

Form 990, Page 6, Part VI, Line 15B

“Comparable salaries for ceo and officers and key employees are researched by the university. They are currently found to be at levels below the 10th percentile or between 25% and 50% of the median wage nationally for administrative (ceo) or key administrative or faculty positions. This data was determined from the federal integrated postsecondary education data system (ipeds) and bureau of labor statistics occupational employment statistics report. Should such wages approach 90% of those reported median wage figures, an independent review, comparability data and contemporaneous substantiation would be obtained.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Form 990, Part VII

“Trustee emeritus: the following trustees do not have voting rights. Dr. Nat goldhaber, dr. Paul gelderloos, dr. Michael dillbeck, dr. Ravi patel, mr. Bob daniels, dr. Vernon katz, dr. Fred gratzon, ms. Joni kimberlin, dr. Vincent argiro, dr. Ramani ayer, dr. Rashi glazer, dr. Christopher hartnett, mr. David lynch, and dr. Steve rubin.”

Filing and Contact Details

Filer

Filer Name
Maharishi International University
EIN
42-1315493
Phone
6414727000
Address
1000 N 4TH ST, FAIRFIELD, IA 52557

Signing Officer

Name
Gaurav Rijal
Title
VP of Financial Ops
Phone
6414701377
Signed
2025-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr John Hagelin
Formed
1988
Legal Domicile
Ia
Voting Board Members
31
Independent Board Members
26
Employees
1,269
Volunteers
2

Preparer

Firm
Forge Financial & Management Consulting
Address
1245 JORDAN CREEK PKWY STE 100, WEST DES MOINES, IA 50266-2343
Preparer
Ross Vanlaar CPA
Phone
5156203050
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Scholarships and other designations consistent with the exempt purpose of the university.”

Schedule D, Page 3, Part X

“The university has evaluated its tax positions and believes there are no uncertain tax positions. The university is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

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IRS990/Desc0PROVIDES ACCREDITED POST SECONDARY EDUCATION TO APPROXIMATELY 2,547 STUDENTS INCLUDING BACHELOR'S DEGREES, MASTER'S DEGREES AND PHD'S IN ARTS, SCIENCES, BUSINESS AND HUMANITIES.
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