Civic Intelligence

Maharishi Global Development Fund

990 • Fiscal year 2013 • EIN 52-2052522

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 15, 2014

PO Box 1720SuiteFairfield, IA 52556

(641) 472-5191

Siviq Scores

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

Liabilities / Assets

7th percentile

0.01x

Higher debt load relative to assets than 7% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

31st percentile

0.22x

Higher debt load relative to revenue than 31% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2013

Net Margin

87th percentile

40%

Higher net margin than 87% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2013

Asset Growth

20th percentile

-1.0%

Faster asset growth than 20% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$88,357,891

Down $916,665 (-1.0%) from 2012

Net Assets

Up

$87,708,752

Up $1,193,045 (+1.4%) from 2012

Liabilities

Down

$649,139

Down $2,109,710 (-76%) from 2012

Revenue

$2,970,990

No earlier filing loaded for comparison.

Expenses

Down

$1,787,441

Down $531,709 (-23%) from 2012

Net Income

$1,183,549

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $122,580,646Liabilities 2010: $5,714,053Net Assets 2010: $116,866,5932010Assets 2011: $91,632,985Liabilities 2011: $2,807,214Net Assets 2011: $88,825,7712011Assets 2012: $89,274,556Liabilities 2012: $2,758,849Net Assets 2012: $86,515,7072012Assets 2013: $88,357,891Liabilities 2013: $649,139Net Assets 2013: $87,708,7522013Assets 2014: $79,349,141Liabilities 2014: $540,850Net Assets 2014: $78,808,2912014Assets 2015: $77,653,835Liabilities 2015: $567,081Net Assets 2015: $77,086,7542015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2013

Assets$88,357,891
Liabilities$649,139
Net Assets$87,708,752

Operations Trend

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

$100M$50M$0-$50M-$100MExpenses 2010: $8,723,6322010Expenses 2011: $33,684,0082011Expenses 2012: $2,319,1502012Revenue 2013: $2,970,990Expenses 2013: $1,787,441Net Income 2013: $1,183,5492013Revenue 2014: $2,513,960Expenses 2014: $11,389,035Net Income 2014: -$8,875,0752014Revenue 2015: $1,476,834Expenses 2015: $3,127,193Net Income 2015: -$1,650,3592015Revenue 2016: -$18,472,259Expenses 2016: $58,769,595Net Income 2016: -$77,241,8542016

Highlighted filing

2013

Revenue$2,970,990
Expenses$1,787,441
Net Income$1,183,549
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 15, 2014
Return Version
2013v3.1
Gross Receipts
$6,322,621
Mission and Program Overview

Mission

The primary purpose of maharishi global development fund is to educate and inspire the public about the creation of healthy housing (ideal homes and workplaces in properly designed communities) and to improve the health, well being, and overall quality of life for all those who live and work in these facilities.

To educate the public about and inspire the creation of healthy housing. To improve the health, well being and overall quality of life for those who live & work in these facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,103,347$4,510,391▲ $407,044
Land, Buildings, and Equipment, Net$168,659$211,756▲ $43,097
Cash and Non-Interest-Bearing Accounts$108,757$180,069▲ $71,312
Prepaid Expenses and Deferred Charges$0$9,263▲ $9,263
Accounts Receivable$0$8,821▲ $8,821
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$89,274,556$88,357,891▼ $916,665
Other Assets Total$84,893,793$83,437,591▼ $1,456,202
Liabilities
Mortgage Notes Payable Secured by Investment Property$591,372$561,090▼ $30,282
Deferred Revenue$194,330$0▼ $194,330
Accounts Payable and Accrued Expenses$37,266$70,788▲ $33,522
Other Liabilities$1,935,881$17,261▼ $1,918,620
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,758,849$649,139▼ $2,109,710
Net Assets / Fund Balance
Unrestricted Net Assets$86,515,707$87,708,752▲ $1,193,045
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$86,515,707$87,708,752▲ $1,193,045
Total Liabilities and Net Assets / Fund Balance$89,274,556$88,357,891▼ $916,665

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$211,156$27,417$238,573
Equipment$600$1,400$2,000
Other Assets Org$76,046,463--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Harris KaplanChair of the Board
Anne TiernanDirector
Dr Benjamin FeldmanDirector
Dr Bevan MorrisDirector
Dr Christopher HartnettDirector
Dr Paul PotterDirector
Dr Prakash SrivastavaDirector
Pam StuartDirector
Steve RubinDirector
Linda HartnettDirector/secretary
Nicole De La RosaDirector/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,915,874
Program Service Revenue
$0
Investment Income
$-1,501,252
Other Revenue
$2,556,368
All Other Contributions
$1,915,874
Change in Net Assets
$1,183,549

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$1,909,124Cash Value
Other Non Cash Contri Table1$6,750Cash Value
Total Noncash Contributions2$1,915,874-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,533,043
Grants and Similar Amounts Paid$175,000
Salaries, Compensation, and Employee Benefits$79,398
Total Fundraising Expense$28,298
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$175,000--$175,000
Occupancy$88,292$28$12$88,332
Fees for Services Other$33,676$31,450$10,483$75,609
Other Salaries and Wages$37,737$22,642$15,095$75,474
Fees for Services Legal$16,391--$16,391
Interest$10,272--$10,272
Fees for Services Accounting-$8,500-$8,500
Depreciation Depletion$6,903--$6,903
Insurance$1,120$5,283-$6,403
Office Expenses$1,170$2,688$906$4,764
Travel$2,122$1,273$849$4,244
Payroll Taxes$1,962$1,177$785$3,924
Other Expenses$421$117$168$117
Total Functional Expenses$1,685,733$73,410$28,298$1,787,441
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
36-4519393-501(c)(3)Educational$175,000
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Guaranties-notes Payable$17,261
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

SECTION C Line 19

HOW DOES THE organization makes its governing documents, conflict of interest policy, and financial statements available to the public: BY WRITTEN REQUEST AT PUBLISHED ADDRESS.

Filing and Contact Details

Filer

EIN
52-2052522
In Care Of
% NORIN ISQUITH
Phone
6414725191

Signing Officer

Name
Nicole De La Rosa
Title
Treasurer
Phone
6414725191
Signed
2014-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole De La Rosa
Formed
1997
Legal Domicile
De
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
25

Preparer

Preparer
Mary Archibald CPA
Phone
6414725191
Supplemental Narrative

Additional Explanations

Section B Line 11

Form 990 review process: The Finance Committee of the organization reviews a draft of Form 990 with the Corporate Comptroller and makes corrections as and if necessary. The final Form 990, recommended by Finance Committee for signature, is reviewed by the Full Board.

Section B Line 12C

Process of monitoring and enforcing compliance with the conflict of interest policy: Each Board member identifies annually on a form the organizations that he or she is related to. In addition, Board members are required to identify potential conflicts at the time they might arise. For example, if a contract with an entity related to a Board member were contemplated, any Board member related to that entity would be expected to identify the relationship and the Secretary would check the annual reporting forms to identify any conflicts.

Section B Line 15

The process of determining compensation of other officers or key employees of the organization: The process was not utilized as the Organization did not compensate any Directors, Officers or key personnel. If and when the Organization does compensate such people we will review and consider all relevant data as described in the IRS 990 instructions related to this question.

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? Chris Hartnett and his wife, Linda Hartnett, are both on the Board of Directors.

Part XI Line 9

The changes in net assets are due to: in-kind contribution-guaranteed fees $9,496

Part IX Line 24A

A REDUCTION IN FAIR VALUE $1,282,500. Upon review of the assets, it was newly understood that the real property securing the loan receivable from MSPRRL-Mexico, had experienced a reduction in fair market value and the likelihood of realizing the full collection of the long term asset on record was in doubt. A conservative estimate of that loss was recorded as an allowance against the asset until further research can validate a greater value.

Financial Statement Notes

Fin 48

Maharishi global development fund is a nonprofit organization and is exempt from federal and state 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. Gaap 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 and state exempt organization tax returns are more likely than not to be sustained upon examination. The organization's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed.

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IRS990/MissionDesc0THE PRIMARY PURPOSE OF MAHARISHI GLOBAL DEVELOPMENT FUND IS TO EDUCATE THE PUBLIC ABOUT AND INSPIRE THE CREATION OF HEALTHY HOUSING (IDEAL HOMES AND WORKPLACES IN PROPERLY DESIGNED COMMUNITIES) AND TO IMPROVE THE HEALTH, WELL BEING, AND OVERALL QUALITY OF LIFE FOR ALL THOSE WHO LIVE AND WORK IN THESE FACILITIES. THE ORGANIZATION FUNDS THE CONSTRUCTION OF EDUCATIONAL FACILITIES THAT PROMOTE HEALTH, EDUCATION AND PEACE ALL OVER THE WORLD. PROMOTING THE IMPORTANCE OF COMMUNITY PLANNING AND DESIGN IN ACCORD WITH THE PRINCIPALS OF MAHARISHI STAPATHYA VED TO CREATE PROSPERITY AND INTEGRATED COLLECTIVE CONSCIOUSNESS OF THE WHOLE SOCIETY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Fund provided support for a specific program of Global Country of World Peace in Fairfield, Iowa which is to house and provide the daily needs to Maharishi Vedic Pandits visiting the United States. These are individuals trained in the group performance of engaging the organizing power of all the laws of Nature, from their very source in the Unified Field of Natural Law. Their daily performances bring a balancing and integration of national and world consciousness, the basis for societal progress, prosperity, harmony and mutual respect and support for all humankind as well as a sustainable environment.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MAHARISHI GLOBAL DEVELOPMENT FUND IS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL AND STATE 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. GAAP 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 AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED.
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