CENTERS FOR SPIRITUAL LIVING The Soul Currency Institute Focus Ministry & Church
Nonprofit profile at a glance
- EIN
- 223945958
- IRS 990-EZ coverage
- 2018–2018
- Forms available
- Form 990-EZ 2018
- Location
- Deerfield Beach, FL, USA
- Phone
- 5613156311
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Religion Related N.E.C.
- Affiliation
- Christianity
Reported finances
- Revenue
- $34,350
- Expenses
- $16,349
- Assets
- $18,593
- Liabilities
- $21,825
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Ernest D Chu (President and Treasurer)
People named in this filing
- Ernest D Chu (President and Treasurer)
- Mary Catherine Chu (Secretary)
- Lois Segraves (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization provides spiritual education and empowerment teaching spiritually based entrepreneurship, providing curriculum for life empowerment and spiritual living, based upon the principles of using your inner God assets for outer success ("soul currency"). The organization, which in 2013, was affiliated as a church for the Centers for Spiritual Living, an international church association, offers a coaching and prayer services for individuals of all paths, the services of a CSL ordained minister, and community outreach. The organization provides spiritual education and empowerment teaching spiritually based entrepreneurship, providing curriculum for life empowerment and spiritual living, based upon the principles of using your inner God assets for outer success ("soul currency").
What it reported doing in 2018
Our book Soul Currency and its principles inspired a community development project for women through a program participant and Buddhist monk in near the birth place of the Lord Buddha. Our principles of personal empowerment for all human beings was very compatible with the principles espoused by Barefoot College, a worldwide NGO, which encourages person empowerment and economic development of women training as solar engineers. Our Soul Currency whitepaper, entitled "Solar Currency" utilizes the principles of using inner assets to create outer opportunity, and assets to be developed rather than commodities to be used up. We asked ourselves: What if solar energy could be used to trade to build schools, attract light industry, and change the future of an entire generation of children. What if we could create new lives and futures by community development and inner creativity in 46 villages in Western Nepal. The White paper uses the principles of Soul Currency not simply to use and deplete resources, but to combine the inner assets of groups of people towards a goal of development of children and women that has a potential to change the country. We contributed to the mentoring of a team of women who underwent Soul Currency training, travel and fundraising for putting our ideas into action, and its continuation eventually led to the formation of an active nonprofit -Women Light the World which was formed in mid 2019. WLW is now continuing as a separate not for profit, whose mission has been profoundly affected and seeded by our Institute. A portion of the funds we raised are being earmarked for this project for 2019. Our teaching and books, ultimately will affect 2-3 million people in the 46 villages of the Humla District of Northwest Nepal, which is the spiritual bridge between Buddhism, Christianity and Hinduism. Rev. Chu will continue teaching the principles of using our inner assets as well as symbolically sunlight, as a Board member of Women Light the World,
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 82
- Sustainability: 66
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.6%; rating input score 48
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 52.4%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 1.14; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 1.17; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 47.6% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $16K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.