BBB Wise Giving Report for
Prem Rawat Foundation

BBB Wise Giving Report issued February 2009
BBB Wise Giving Report expires February 2011


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Prem Rawat Foundation
Address: 1223 Wilshire Boulevard, Suite 914
  Santa Monica, CA 90403
Phone: 310-392-5700
Web Address: www.tprf.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2001, California
Affiliates: None
Stated Purpose: "to promote and disseminate to the general public the speeches, writings, music, art and public forums of Prem Rawat; to support, fund, and promote humanitarian initiatives for the relief of physical hunger and thirst through practical and tangible means; and to provide relief to natural disaster victims worldwide."

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Evaluation Conclusions

               

Prem Rawat Foundation (TPRF) meets the 20Standards for Charity Accountability.
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Programs

               

TPRF produces and distributes media materials (DVD, CD, printed media, webcasts, podcasts, and website materials) of the teachings of Prem Rawat. The organization also sponsors and supports events where Prem Rawat speaks. TPRF provides humanitarian relief in the form of food, water, and eye care to those in need, including survivors of disasters. Countries served include India, Indonesia, Pakistan, Ivory Coast, Niger, Guatemala, Mexico, and Ghana.

For the year ended December 31, 2007, TPRF's program expenses were:

  
Humanitarian efforts 969,571
Prem Rawat Foundation 904,881
Total Program Expenses: $1,874,452
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Governance

               

Chief Executive : Linda Pascotto, President
Compensation*:
 $0

Chair of the Board: Linda Pascotto
Chair's Profession / Business Affiliation: Philanthropist

Board Size: 5

Paid Staff Size: 0

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. TPRF reports that Ms. Pascotto receives no compensation.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, and Internet appeals.
Fund raising costs were 10% of related contributions. (Related contributions, which totaled $1,958,403, are donations received as a result of fund raising activities.)
TPRF incurred joint costs of $49,602 for informational materials and activities that included fund raising materials. Of those costs $46,130 was allocated to fundraising expenses, and $3,472 was allocated to program expenses.
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on TPRF's audited financial statements for the year ended December 31, 2007.

Source of Funds  
Contributions 1,540,978
Fundraising special events (net) 417,425
Program special events 344,458
Sales 112,487
Interest and dividend income 26,398
Total Income $2,441,746


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Uses of Funds as a % of Total Expenses

Programs: 84%  Fund Raising: 9%  Administrative: 7% 

Total income   $2,441,746
  Program expenses $1,874,452
  Fund raising expenses 202,206
  Administrative expenses 167,004
 
Total expenses   $2,243,662
Income in Excess of Expenses   198,084
Beginning net assets   1,375,673
Ending net assets   1,573,757
Total liabilities   591,615
Total assets   $2,165,372

Note: According to TPRF's 2007 audited financial statements, the organization received in-kind contributions in the amount of $23,830 for legal services

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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