CENTER FOR PRAYER & MEDITATION INC C/O ALAN GODLBERGER CPA

EIN: 455471391 501(c)(3) Religion

NEW YORK, NY

Total Revenue
$129,816
Total Expenses
$87,015
Total Assets
$2,043,264
Net Assets
$2,030,407
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
RAJAN GULATI
Phone
5164138395
Tax Period
2024-01-01 to 2024-12-31

CENTER FOR PRAYER & MEDITATION INC C/O ALAN GODLBERGER CPA, founded in 2012, is a small nonprofit in the Religion sector that reported $130K in total revenue in fiscal year 2024. The organization ran a surplus of $43K, a strong 33% operating margin.

Mission

HELP PEOPLE DEVELOP A MORE SPIRITUAL, HEALTHIER AND HAPPIER OUTLOOK TO LIFE AND BECOME OVERALL BETTER INDIVIDUALS THROUGH PRAYER AND MEDITATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $44,165
Program Service Revenue $0
Investment Income $85,651
Other Revenue $0
TOTAL REVENUE $129,816

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $76,659
Other Expenses $62,015
TOTAL EXPENSES $87,015

Year-over-Year Comparison

2024 2023 Change
Revenue $129,816 $133,069 0.0%
Expenses $87,015 $83,711 +0.0%
Net Income $42,801 $49,358 -0.1%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
6
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAJAN GULATI PRES 10.00
Officer Director
$0 $0 $0
GULBIR SINGH BAWEJA TREASUER 10.00
Officer
$0 $0 $0
VIVEK OBEROI ASST SECRETARY 10.00
Officer
$0 $0 $0
DR HARVINDER CHOUDHRY VP 10.00
Officer
$0 $0 $0
MANIK MAKAN ASST VP 10.00
Officer
$0 $0 $0
MANEESH PAL SECRETARY 10.00
Officer
$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 $129,816 $87,015 $2,043,264 $42,801
2023 $133,069 $83,711 $1,994,463 $49,358
2022 $97,818 $72,715 $1,944,305 $25,103
2021 $102,573 $70,660 $1,922,151 $31,913
2020 $79,969 $67,784 $1,890,831 $12,185
2019 $85,321 $72,276 $1,873,846 $13,045
2018 $56,679 $59,379 $1,864,101 $-2,700
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