Maharishi Foundation USA Inc

Nonprofit profile at a glance

EIN
043196447
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Fairfield, IA, USA
Phone
6412091879
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$12,351,796
Expenses
$13,230,827
Assets
$14,490,692
Liabilities
$4,679,772

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • DR JOHN HAGELIN (CEO & DIRECTOR)
  • DR BEVAN G MORRIS (PRESIDENT & DIRECTOR)

Highest reported compensation

  • DR JOHN HAGELIN (CEO & DIRECTOR): $78,000 total reported compensation
  • LEONARD HINTZ (DIRECTOR & COO): $72,000 total reported compensation
  • GARY KORF (CFO & TREASURER): $36,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Maharishi foundation USA is a not-for-profit educational organization whose purpose is to administer and supervise the teaching of transcendental meditation programs and its advanced programs throughout the united states. This includes offering programs in all areas of maharishi's vedic science and technology that are needed to create healthy, happy, enlightened individuals in a prosperous and harmonious society.

What it reported doing in 2024

Teaching Transcendental Meditation to 15,510 people throughout the United States in venues open to the general public. Transcendental Meditation and Consciousness Based Education was taught to 2,357 students, in public and private school settings. It also was taught to Veterans and others with PTSD. Grant funding was included in the expenses of this program to accommodate more individuals. 1,353 participants enrolled in The Advanced Programs of Trancendental Meditation. The Program was predominantly taught by traveling Expert Faculty who visited cities all over the U.S.

Operating model

Revenue model
Earned-program. 79% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 89% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 80
  • Accountability: 100
  • Sustainability: 32
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.5%; rating input score 96
  • Program expense ratio: 89.1%; rating input score 89
  • Fundraising efficiency: $23.41 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Pass
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 42nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -7.1%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 1.1; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: -2.3% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 0% per year; rating input score 100; 8th percentile among comparable filings
  • Asset growth: 8.7% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 95.5% of revenue deployed · 89.1% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $11.8M in reported program spending
  • Leadership: top reported pay $78K · 11 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 6 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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 — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.