FOUNDATION FOR A COURSE IN MIRACLES

EIN: 133168245 501(c)(3)

HENDERSON, NV

Total Revenue
$497,099
Total Expenses
$685,577
Total Assets
$6,818,659
Net Assets
$6,796,600
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CA
Principal Officer
DAVID SALOUR
Phone
9512966261
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR A COURSE IN MIRACLES, founded in 1982, is a small nonprofit that reported $497K in total revenue in fiscal year 2023. Expenses of $686K exceeded revenue, resulting in a 38% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $561,463 Revenue: $29,412

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $132,201
Program Service Revenue $29,412
Investment Income $170,391
Other Revenue $165,095
TOTAL REVENUE $497,099

Expense Breakdown

Grants Paid $0
Salaries & Benefits $449,092
Fundraising Expenses $0
Program Expenses $561,463
Other Expenses $236,485
TOTAL EXPENSES $685,577

Year-over-Year Comparison

2023 2022 Change
Revenue $497,099 $493,902 +0.0%
Expenses $685,577 $686,421 0.0%
Net Income $-188,478 $-192,519 0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
7
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$182,556
Total Directors
6
$182,556
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SALOUR PRESIDENT/TR 30.00
Officer Director
$116,000 $11,213 $127,213
MARK SALOUR SECRETARY 5.00
Officer Director
$55,343 $0 $55,343
JEAN BOUTIN RESIGNED 1/3 N/A
Director
$0 $0 $0
ALYSSA JUSKOWITZ DIRECTOR N/A
Director
$0 $0 $0
KEVIN MURPHY DIRECTOR N/A
Director
$0 $0 $0
HANNAH NAKHSHAB DECEASED 1/1 N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $497,099 $685,577 $6,818,659 $-188,478
2022 $493,902 $686,421 $6,935,336 $-192,519
2021 $2,202,230 $821,134 $7,146,201 $1,381,096
2020 $453,241 $629,244 $6,131,057 $-176,003
2019 $220,291 $758,132 $6,054,389 $-537,841
2018 $971,430 $859,867 $6,425,469 $111,563
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