Foundation for a Course in Miracles
Nonprofit profile at a glance
- EIN
- 133168245
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Henderson, NV, USA
- Phone
- 9512966261
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $572,312
- Expenses
- $712,157
- Assets
- $6,467,361
- Liabilities
- $15,515
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- DAVID SALOUR (PRESIDENT/TR)
Highest reported compensation
- DAVID SALOUR (PRESIDENT/TR): $132,147 total reported compensation
- MARK SALOUR (SECRETARY): $59,170 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation holds classes and workshops aimed at helping students of a course in miracles to understand the teachings of forgiveness, to integrate its principles into their lives, and to develop a better relationship with the holy spirit.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 92
- Accountability: 53
- Sustainability: 41
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 79.2%; rating input score 79
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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
Accountability
- Independent voting board: 75%; rating input score 75; 16th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -24.4%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 9.08; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 26.9%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: -6.5% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: -6% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 79.2% of spending went to programs
- Governance: 3 of 4 board members independent · 2 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $564K in reported program spending
- Leadership: top reported pay $132K · 4 people listed
- Highest-paid contractors: 1 contractor listed · $104K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 11 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- High — Accountability: Governance controls: 6 of 8 not reported.
- High — Sustainability: Operating margin scored 8/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 9/100.