Civic Intelligence

Raam Raj Foundation

990 • Fiscal year 2021 • EIN 46-3205733

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 30, 2022

PO Box 2092Fairfield, IA 52556

(641) 919-9552

Siviq Scores

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

Liabilities / Assets

59th percentile

0.20x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.21x

Higher debt load relative to revenue than 57% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

57th percentile

16%

Higher net margin than 57% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

31st percentile

$72,000

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

27th percentile

0.8%

Faster asset growth than 27% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

82nd percentile

60%

Faster revenue growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,897,028

Up $29,950 (+0.8%) from 2020

Net Assets

Up

$3,133,995

Up $570,905 (+22%) from 2020

Liabilities

Down

$763,033

Down $540,955 (-41%) from 2020

Revenue

Up

$3,602,749

Up $1,356,707 (+60%) from 2020

Expenses

Up

$3,021,665

Up $1,376,346 (+84%) from 2020

Net Income

Down

$581,084

Down $19,639 (-3.3%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $17,814Liabilities 2013: $02013Assets 2015: $4,437,448Liabilities 2015: $74,021Net Assets 2015: $4,363,4272015Assets 2016: $3,181,589Liabilities 2016: $168,781Net Assets 2016: $3,012,8082016Assets 2017: $2,459,205Liabilities 2017: $840,511Net Assets 2017: $1,618,6942017Assets 2018: $3,478,019Liabilities 2018: $1,040,126Net Assets 2018: $2,437,8932018Assets 2019: $3,240,762Liabilities 2019: $1,281,312Net Assets 2019: $1,959,4502019Assets 2020: $3,867,078Liabilities 2020: $1,303,988Net Assets 2020: $2,563,0902020Assets 2021: $3,897,028Liabilities 2021: $763,033Net Assets 2021: $3,133,9952021Assets 2022: $3,749,276Liabilities 2022: $705,099Net Assets 2022: $3,044,1772022Assets 2023: $3,417,422Liabilities 2023: $255,210Net Assets 2023: $3,162,2122023Assets 2024: $2,676,473Liabilities 2024: $376,959Net Assets 2024: $2,299,5142024

Highlighted filing

2021

Assets$3,897,028
Liabilities$763,033
Net Assets$3,133,995

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MRevenue 2013: $22,369Expenses 2013: $4,555Net Income 2013: $17,8142013Revenue 2015: -$3,207,480Expenses 2015: $4,055,223Net Income 2015: -$7,262,7032015Revenue 2016: $3,062,167Expenses 2016: $4,465,523Net Income 2016: -$1,403,3562016Revenue 2017: $3,585,301Expenses 2017: $4,974,308Net Income 2017: -$1,389,0072017Revenue 2018: $3,913,185Expenses 2018: $3,091,025Net Income 2018: $822,1602018Revenue 2019: $2,814,776Expenses 2019: $3,227,489Net Income 2019: -$412,7132019Revenue 2020: $2,246,042Expenses 2020: $1,645,319Net Income 2020: $600,7232020Revenue 2021: $3,602,749Expenses 2021: $3,021,665Net Income 2021: $581,0842021Revenue 2022: $3,653,660Expenses 2022: $3,565,911Net Income 2022: $87,7492022Revenue 2023: $4,288,088Expenses 2023: $4,220,275Net Income 2023: $67,8132023Revenue 2024: $4,959,784Expenses 2024: $5,610,033Net Income 2024: -$650,2492024

Highlighted filing

2021

Revenue$3,602,749
Expenses$3,021,665
Net Income$581,084
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 30, 2022
Return Version
2021v4.2
Gross Receipts
$5,473,050
Mission and Program Overview

Mission

To engage in all activities throughout the world that disseminate and support the understanding and application of maharishi vedic science and technology to fully develop life on the individual, community, national and world level, including, without limitation, creating world peace.

To enliven the vedic tradition of knowledge, the science of consciousness, to bring life in tune with natural law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$123,558$1,631,202▲ $1,507,644
Land, Buildings, and Equipment, Net$1,340,950$1,168,348▼ $172,602
Cash and Non-Interest-Bearing Accounts$587,271$511,129▼ $76,142
Savings and Temporary Cash Investments$1,437,000$245,550▼ $1,191,450
Investments Other Securities$225,000$225,000→ $0
Loans From Officers Directors$160,000$0▼ $160,000
Intangible Assets$80,537$55,756▼ $24,781
Accounts Receivable$0$35,187▲ $35,187
Other Notes and Loans Receivable, Net$34,425$0▼ $34,425
Prepaid Expenses and Deferred Charges$20,337$6,856▼ $13,481
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$3,867,078$3,897,028▲ $29,950
Other Assets Total$18,000$18,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$535,714$535,714→ $0
Deferred Revenue$436,816$120,426▼ $316,390
Accounts Payable and Accrued Expenses$121,558$56,573▼ $64,985
Unsecured Notes Loans Payable$49,900$50,320▲ $420
Grants Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,303,988$763,033▼ $540,955
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,563,090$3,133,995▲ $570,905
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,563,090$3,133,995▲ $570,905
Total Liabilities and Net Assets / Fund Balance$3,867,078$3,897,028▲ $29,950

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$886,097$258,634$1,144,731
Land$246,234-$246,234
Equipment$36,017$52,465$88,482
Other Securities$225,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elaine PomfreySECRETARY & finance directorFT$72,000$72,000
Richard BoylandCTO/ASST. SECRETARY/directorPT$12,000$12,000
Youssef MounayerDirectorPT$5,000$5,000

Board Members and Trustees

NameTitle
Rafael DavidPRESIDENT & director
Howard M ChandlerTreasurer & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$2,143,023
Program Service Revenue
$1,159,159
Investment Income
$19,064
Other Revenue
$281,503
All Other Contributions
$2,143,023
Change in Net Assets
$581,084

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,602,749
Revenue Not Reported on Form 990
$34,821
Total Revenue per Audited Statements
$3,637,570
Total Revenue per Form 990
$3,602,749
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,169,364
Grants and Similar Amounts Paid$601,284
Salaries, Compensation, and Employee Benefits$251,017
Total Fundraising Expense$123,665
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,254,569-$123,665$1,378,234
Grants to Domestic Orgs$509,000--$509,000
Fees for Services Other$237,747$13,377-$251,124
Other Salaries and Wages$191,000$42,000-$233,000
Advertising$168,000--$168,000
Foreign Grants$92,284--$92,284
Information Technology$81,765--$81,765
Depreciation Depletion$24,781$54,041-$78,822
Insurance$2,500$36,254-$38,754
Office Expenses$8,996$29,589-$38,585
Occupancy$35,727--$35,727
Other Expenses$31,212$1,038-$31,212
Payroll Taxes$12,972$5,045-$18,017
Fees for Services Accounting-$15,912-$15,912
Fees for Service Investment Mgmnt Fees-$11,375-$11,375
Total Functional Expenses$2,650,553$247,447$123,665$3,021,665

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,066,665
Expenses per Audited Statements$3,021,665
Total Expenses per Form 990$3,021,665
Expenses Not Reported on Form 990$45,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Maharishi Foundation InternationalFairfield, IA501(c)3support$300,000
Maharishi University of Management FoundatnFairfield, IA501(c)3Support$62,000
Global Projects for PeaceFairfield, IA501(c)3Support$19,000
Maharishi Global Administration thru Natural LawLivingston Manor, NY501(c)3Support$15,000
Mother Divine-mgcwpLivingston, NY501(c)3Support-

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
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$160,000$0▼ $160,000
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 Section A Line 2

Did any officer, trustee, or key employee have a family relationship or a business relationship with any other officer, director, or key employee? Board Member Richard Boyland and Officer Elaine Pomfrey are siblings.

Form 990 Part VI Section B 11B

Describe the process used to review the form 990: the governing body will meet and review the form 990 prior to filing.

Form 990 Part VI Section B Line 12C

Please describe how the organization annually monitors compliance with their conflict of interest policy: A conflict of interest policy has been established and the board reviews it on an annual basis.

Form 990 Part VI Section C Line 19

How does the organization makes its governing documents, conflicts of interest policy and financial statements available to the public during the year: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND TAX FILINGS AVAILABLE TO THE PUBLIC UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Raam Raj Foundation
EIN
46-3205733
In Care Of
% ELAINE POMFREY
Phone
6419199552
Address
PO Box 2092, Fairfield, IA 52556

Signing Officer

Name
Elaine Pomfrey
Title
Secretary
Phone
6176222260
Signed
2022-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rafael David
Formed
2013
Legal Domicile
Ia
Voting Board Members
4
Independent Board Members
4
Employees
4
Volunteers
4

Preparer

Firm
Frith-smith & Archibald Llp
Address
6355 TOPANGA CANYON BLVDSTE 400, WOODLAND HILLS, CA 91367
Preparer
Mary Archibald CPA
Phone
8187741500
Supplemental Narrative

Additional Explanations

FORM 990 PART IX LINE 11G

The total amount $251,124 includes: Bank fees $30,782, Taxes $6,020, Resistration Fees $1,775, amount paid to Program Contractors: $212,547.

Financial Statement Notes

Form 990, Schedule D, Part XIII, Fin 48

Since the organization is exempt from federal income tax liability, no provision is made for current or deferred income taxes. The organization uses the same accounting methods for tax and financial reporting. Generally accepted accounting principles provides accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken in its federal exempt organization tax returns are more likely than not to be sustained upon examination. The organization's returns are subject to examination by federal taxing authorities, generally for three years after they are filed. The open years are: 2018, 2019 and 2020.

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IRS990/Desc0Advanced Maharishi Vedic Science course or AMVSC is a course that covers the 40 aspects of the Veda and Vedic Literature exploring how all the laws of nature together create the human reality and the universe, and how Veda and the Vedic literature in their structure and function embody and express this reality.
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IRS990/MissionDesc0TO ENGAGE IN ALL ACTIVITIES THROUGHOUT THE WORLD THAT DISSEMINATE AND SUPPORT THE UNDERSTANDING AND APPLICATION OF MAHARISHI VEDIC SCIENCE AND TECHNOLOGY TO FULLY DEVELOP LIFE ON THE INDIVIDUAL, COMMUNITY, NATIONAL AND WORLD LEVEL, INCLUDING, WITHOUT LIMITATION, CREATING WORLD PEACE.
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IRS990/OtherExpensesGrp/Desc1AUTOMOBILE EXPENSE
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IRS990/ProgSrvcAccomActy2Grp/Desc0Activities that disseminate and support the understanding and application of Maharishi's Vedic Science and Technology.
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0OIL AND GAS LEASES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SINCE THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX LIABILITY, NO PROVISION IS MADE FOR CURRENT OR DEFERRED INCOME TAXES. THE ORGANIZATION USES THE SAME ACCOUNTING METHODS FOR TAX AND FINANCIAL REPORTING. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDES ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN IN ITS FEDERAL EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE OPEN YEARS ARE: 2018, 2019 AND 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE D, PART XIII, FIN 48
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