Source Course Inc
Overview
Mission
Source Course educates entrepreneurs to deepen their self-awareness by introducing the concepts of neuroscience animal science and transpersonal psychology through guided meditation to change the profit-driven paradigm into a dharma thirst quest. We host 4-day clinics to instruct the methodology required for this shift.
What it reported doing in 2024
Beta testing for curriculum development
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
Nonprofit profile at a glance
- EIN
- 852722837
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-N 2020
- Headquarters
- Kingsland, TX, USA
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Personal Social Services
- Affiliation
- Buddhism
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Accountability: 76
- Sustainability: 37
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 0.4%; rating input score 40; 40th percentile among comparable filings
- Operating reserve ratio: 0.04; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -74.3% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -4% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -23.8% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 2 of 2 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 4 annual filings from 2021 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.