Shree Maharishi Bhrigu Ashram

Nonprofit profile at a glance

EIN
260402876
IRS 990 coverage
2014–2022
Forms available
Form 990 2022
Location
Trabuco Canyon, CA, USA
Phone
7146159225
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Christianity
Affiliation
Hinduism

Official website

Reported finances

Revenue
$227,337
Expenses
$504,953
Assets
$4,712,307
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Sanjay Aggarwal (President)

People named in this filing

  • Sanjay Aggarwal (President)
  • Chandrima Aggarwal (Treasurer)
  • Chander M Kakkar (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Shree Maharishi Bhrigu Ashram has been guiding many on the path of meditation and spirituality through the regular discourses and meditation sessions at the ashram. 1 Regular meditation sessions have been taking place and will continue to take place. 2 Regular spiritual discourses on meditation, yoga, and ancient hindu vedic scriptures are given to benefit the community. 3 Shree Maharishi Bhrigu Ashram is located at Trabuco Canyon, California. Group meditations are regularly performed to help calm the mind, improve health, and overall improve the lives of many. The number of sessions are projected to increase more in the coming years that will benefit the community tremendously. 4 Divine programs that initiate folks into the meditative practice throughout USA and abroad takes place on a regular basis. This is expected to increase a lot in the coming years. 5 intellectual property owned by the Ashram in the form of a book rashis in light of kriya yoga mixes yoga with vedic astrology is

What it reported doing in 2022

Shree Maharishi Bhrigu Ashram operates a meditation center in Trabuco Canyon, California. Group meditations are regularly performed at the center to help calm the mind, improve health, and overall improve the lives of many. The number of sessions are projected to increase more in the coming years that will benefit the community tremendously.

Operating model

Revenue model
Donor-supported. 94% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 78.6%; 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -122.1%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 9.33; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 47.5% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 41.8% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 49.2% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 78.6% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $397K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 9 filing years from 2014 to 2022
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 2/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.