Civic Intelligence

Love Serve Remember Foundation

990 • Fiscal year 2019 • EIN 80-0308502

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 14, 2020

226 W Ojai Ave Suite 101Ojai, CA 93023

(888) 663-7770

Siviq Scores

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

Liabilities / Assets

64th percentile

0.19x

Higher debt load relative to assets than 64% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

46th percentile

0.07x

Higher debt load relative to revenue than 46% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

33rd percentile

-2.1%

Higher net margin than 33% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

76th percentile

$121,003

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

76th percentile

17%

Faster asset growth than 76% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

71st percentile

16%

Faster revenue growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$992,394

Up $140,574 (+17%) from 2018

Net Assets

Down

$808,373

Down $10,977 (-1.3%) from 2018

Liabilities

Up

$184,021

Up $151,551 (+467%) from 2018

Revenue

Up

$2,604,394

Up $363,976 (+16%) from 2018

Expenses

Up

$2,660,327

Up $495,941 (+23%) from 2018

Net Income

Down

-$55,933

Down $131,965 (-174%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $377,998Liabilities 2010: $0Net Assets 2010: $377,9982010Assets 2011: $364,176Liabilities 2011: $0Net Assets 2011: $364,1762011Assets 2012: $370,654Liabilities 2012: $0Net Assets 2012: $370,6542012Assets 2013: $390,267Liabilities 2013: $0Net Assets 2013: $390,2672013Assets 2014: $522,832Liabilities 2014: $0Net Assets 2014: $522,8322014Assets 2015: $562,967Liabilities 2015: $0Net Assets 2015: $562,9672015Assets 2016: $656,050Liabilities 2016: $0Net Assets 2016: $656,0502016Assets 2017: $707,078Liabilities 2017: $0Net Assets 2017: $707,0782017Assets 2018: $851,820Liabilities 2018: $32,470Net Assets 2018: $819,3502018Assets 2019: $992,394Liabilities 2019: $184,021Net Assets 2019: $808,3732019Assets 2020: $2,025,748Liabilities 2020: $372,009Net Assets 2020: $1,653,7392020Assets 2021: $1,779,151Liabilities 2021: $264,846Net Assets 2021: $1,514,3052021Assets 2022: $1,124,382Liabilities 2022: $196,807Net Assets 2022: $927,5752022Assets 2023: $950,188Liabilities 2023: $125,284Net Assets 2023: $824,9042023Assets 2024: $774,486Liabilities 2024: $114,866Net Assets 2024: $659,6202024

Highlighted filing

2019

Assets$992,394
Liabilities$184,021
Net Assets$808,373

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $662,539Expenses 2010: $556,153Net Income 2010: $106,3862010Expenses 2011: $606,1792011Expenses 2012: $747,5442012Revenue 2013: $1,037,293Expenses 2013: $933,030Net Income 2013: $104,2632013Revenue 2014: $1,338,752Expenses 2014: $1,206,187Net Income 2014: $132,5652014Revenue 2015: $1,667,059Expenses 2015: $1,626,924Net Income 2015: $40,1352015Revenue 2016: $1,815,275Expenses 2016: $1,722,192Net Income 2016: $93,0832016Revenue 2017: $2,041,506Expenses 2017: $1,990,478Net Income 2017: $51,0282017Revenue 2018: $2,240,418Expenses 2018: $2,164,386Net Income 2018: $76,0322018Revenue 2019: $2,604,394Expenses 2019: $2,660,327Net Income 2019: -$55,9332019Revenue 2020: $2,182,607Expenses 2020: $1,551,531Net Income 2020: $631,0762020Revenue 2021: $2,417,338Expenses 2021: $2,478,309Net Income 2021: -$60,9712021Revenue 2022: $2,727,154Expenses 2022: $3,086,789Net Income 2022: -$359,6352022Revenue 2023: $2,781,775Expenses 2023: $2,992,272Net Income 2023: -$210,4972023Revenue 2024: $2,675,342Expenses 2024: $2,924,302Net Income 2024: -$248,9602024

Highlighted filing

2019

Revenue$2,604,394
Expenses$2,660,327
Net Income-$55,933
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 14, 2020
Return Version
2019v5.0
Gross Receipts
$2,681,588
Mission and Program Overview

Mission

The mission of Love Serve Remember Foundation is to preserve and disseminate the teachings of spiritual masters from various world religions, especially the spiritual works of Neem Karoli Baba and Dr. Richard Alpert, a/k/a Ram Dass.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,051$595,491▲ $593,440
Cash and Non-Interest-Bearing Accounts$808,308$317,953▼ $490,355
Accounts Receivable$10,557$23,404▲ $12,847
Inventories for Sale or Use$30,904$21,432▼ $9,472
Prepaid Expenses and Deferred Charges-$5,024-
Other Notes and Loans Receivable, Net-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Total Assets$851,820$992,394▲ $140,574
Other Assets Total-$29,090-
Liabilities
Deferred Revenue$5,000$100,833▲ $95,833
Accounts Payable and Accrued Expenses$27,470$83,188▲ $55,718
Total Liabilities$32,470$184,021▲ $151,551
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$819,350$808,373▼ $10,977
Total Net Assets Fund Balance$819,350$808,373▼ $10,977
Total Liabilities and Net Assets / Fund Balance$851,820$992,394▲ $140,574

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$34,889-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mitchell MarkusPresident & EDPT$121,003$121,003
Rachel D LitefisherWeb Content & Development-$53,900$53,900
Kelly P RegoProject Manager-$44,550$44,550

Board Members and Trustees

NameTitle
Rameshwar DasVice President
Jared LevyDirector
Paul SingerDirector
Mirabai BushTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$600,769
Program Service Revenue
$1,803,149
Investment Income
$5,385
Other Revenue
$195,091
All Other Contributions
$600,769
Change in Net Assets
$-55,933

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,604,394
Revenue Not Reported on Form 990
$44,956
Total Revenue per Audited Statements
$2,649,350
Total Revenue per Form 990
$2,604,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,390,079
Salaries, Compensation, and Employee Benefits$232,748
Total Fundraising Expense$63,997
Grants and Similar Amounts Paid$37,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$204,857-$6,036$210,893
All Other Expenses$139,999$727-$140,726
Current Officers, Directors, Trustees, and Key Employees$30,251$66,552$24,200$121,003
Other Salaries and Wages-$98,450-$98,450
Fees for Services Other$62,325-$33,761$96,086
Other Expenses$92,450--$92,450
Occupancy-$83,176-$83,176
Fees for Services Accounting-$47,568-$47,568
Office Expenses-$39,943-$39,943
Grants to Domestic Orgs$37,500--$37,500
Travel-$16,795-$16,795
Other Employee Benefits-$8,174-$8,174
Payroll Taxes-$5,121-$5,121
Insurance-$1,685-$1,685
Total Functional Expenses$2,228,139$368,191$63,997$2,660,327

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,660,327
Total Expenses per Audited Statements$2,660,327
Total Expenses per Form 990$2,660,327
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Neem Karoli Baba AshramTaos, NM-Charitable Donation$30,000
Kirtan Wallah FouncationBrooklyn, NY-Charitable Donation$7,500
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
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
Yes
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 11B: Form 990 Review Process

THE FORM 990 IS GIVEN TO EACH BOARD MEMBER FOR REVIEW. A Meeting is held via telephone conference to approve the 990. A BOARD RESOLUTION IS APPROVED BY THE BOARD INDICATING THAT THE 990 WAS REVIEWED AND APPROVED. THE FORM 990 IS SIGNED BY THE PRESIDENT AND MAILED FROM THE ORGANIZATION'S OFFICE.

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

Annually the board reviews the conflict of interest policy. Conflicts of interest are discussed during this board meeting.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Executive Director's compensation is reviewed and approved annually by the Board of Directors and is done so with Executive Director's recusal and absence from the review and approval process.

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

Governing documents, financial information, and policies are available upon request at the organization's administrative office.

Filing and Contact Details

Filer

Filer Name
Love Serve Remember Foundation
EIN
80-0308502
Phone
8886637770
Address
226 W Ojai Ave Suite 101, Ojai, CA 93023

Signing Officer

Name
Mitchell Markus
Title
President
Signed
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
2

Preparer

Firm
Nelson & Associates CPAs
Address
9245 Laguna Springs Dr Ste 200, Elk Grove, CA 95758
Preparer
Michelle O Nelson CPA CFE MST
Phone
9162996800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Foundation is organized as a California nonprofit corporation and has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(c)(3) and California Code Section 2370ld, qualifies for the charitable contribution deduction under IRC Sections l70(b)(l)(A)(vi) and (viii), and has been determined not to be private foundations under IRC Sections 509(a)(l) and (3). The Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Foundation is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purposes. We have determined that the Foundation is not subject to unrelated business income tax and have not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS.

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IRS990/Desc0In 2019 the Love Serve Remember Foundation completed the following projects/offerings:Release of the feature length film Becoming Nobody in collaboration with Google Empathy Lab December, 20193 free online courses, with Social Media components: No Death, No Fear 4-week course featuring Ram Dass, Roshi Joan Halifax, Frank Ostaseski, Bob Thurman, Krishna Das and Raghu Markus April, 2019Discovering Your True Nature: Karma, Awareness and Getting Real 4-week course featuring 15 renowned teachers - June, 2019Alchemy of the Heart: Practices to Quiet the Mind and Cultivate Compassion 4-week course featuring archival Ram Dass teachings and practices October, 20192 free virtual retreat streams, with Social Media components (streamed from in-person retreats):Wisdom of Emptiness Virtual Retreat - An online retreat from Maui was live streamed free featuring Ram Dass, Anne Lamott, Bob Thurman, Krishna Das and Raghu Markus May, 2019Becoming Nobody Virtual Retreat An online retreat was live streamed for free featuring Ram Dass, Jack Kornfield, Dr. Robert Svoboda, Trudy Goodman, Krishna Das & more December, 2019Creation of educational pages for viewers on RamDass.org:Walking the Path of Service with Ram Dass January, 2019Ram Dass Starter Kit August, 2019Book Releases:Changing Lenses: The Essential Teaching Stories of Ram DEass - May, 2019Music Releases:RAM DASS X EAST FOREST full length album 4 part album released throughout 2019.Continuing to grow the Ram Dass Fellowship so that groups can connect in person - with over 25 groups across 15 states in the US and 4 foreign countries. The Be Here Now Network, a growing collection of spiritual talks, podcasts and writings of master teachers of Spirituality, Mindfulness and Meditation continued to expand it's offerings and garnered over seven million listens and downloads.Retreats:In the spring (May 2019) a retreat in Maui was live streamed free featuring Ram Dass, Krishna Das, Robert Thurman, and Annie Lamott.A second spring retreat in Ojai, California featuring Author/Teacher Ram Dass via Skype, Dale Borglum (Ram Dev), Julie Devi Hale and Jai Uttal, was made available via free streaming. December 2019 retreat and free Live Stream from Maui featuring World renowned Authors and Teachers: Ram Dass, Krishna Das, Jack Kornfield, Trudy Goodman, and Robert Svoboda.In the fall (November) an online retreat in Ojai California was made available via free streaming featuring Lama Surya Das, Nina Rao, and Ram Dass via Skype.
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IRS990/MissionDesc0The mission of Love Serve Remember Foundation is to preserve and disseminate the teachings of spiritual masters from various world religions, especially the spiritual works of Neem Karoli Baba and Dr. Richard Alpert, a/k/a Ram Dass.
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt02051
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0595491
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0393009
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0384055
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02165887
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07853969
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05716
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is organized as a California nonprofit corporation and has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(c)(3) and California Code Section 2370ld, qualifies for the charitable contribution deduction under IRC Sections l70(b)(l)(A)(vi) and (viii), and has been determined not to be private foundations under IRC Sections 509(a)(l) and (3). The Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Foundation is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purposes. We have determined that the Foundation is not subject to unrelated business income tax and have not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02660327
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Charitable Donation
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Charitable Donation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Kirtan Wallah Founcation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Neem Karoli Baba Ashram
IRS990ScheduleI/RecipientTable/RecipientEIN0850331037
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt035 East 4th Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1416 Geronimo Ln
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Brooklyn
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Taos
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS GIVEN TO EACH BOARD MEMBER FOR REVIEW. A Meeting is held via telephone conference to approve the 990. A BOARD RESOLUTION IS APPROVED BY THE BOARD INDICATING THAT THE 990 WAS REVIEWED AND APPROVED. THE FORM 990 IS SIGNED BY THE PRESIDENT AND MAILED FROM THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY. CONFLICTS OF INTEREST ARE DISCUSSED DURING THIS BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Executive Director's compensation is reviewed and approved annually by the Board of Directors and is done so with Executive Director's recusal and absence from the review and approval process.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.77$0.11$0.66$2.68$2.92$0.25
2023Detailed filing. Detailed filing data is available for this year.$0.95$0.13$0.82$2.78$2.99$0.21
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.20$0.93$2.73$3.09$0.36
2021Detailed filing. Detailed filing data is available for this year.$1.78$0.26$1.51$2.42$2.48$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.03$0.37$1.65$2.18$1.55$0.63
2019Detailed filing. Detailed filing data is available for this year.$0.99$0.18$0.81$2.60$2.66$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.85$0.03$0.82$2.24$2.16$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$2.04$1.99$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$1.82$1.72$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$1.67$1.63$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$1.34$1.21$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$1.04$0.93$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.00$0.37$0.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.00$0.36$0.61
2010Summary only. Only limited summary data is available for this year.$0.38$0.00$0.38$0.66$0.56$0.11